U.S. stocks drifted to a mostly higher close on Wall Street, marking their fourth winning week in a row. The S&P 500 rose 0.1 per cent Friday. The Dow Jones Industrial Average rose 0.3 per cent to close above 40,000 points for the first time. It briefly traded above that level a day earlier. The Nasdaq composite fell 0.1 per cent.
Such moves can dilute the holdings of current shareholders, and it follows a similar move by AMC Entertainment. After its stock price also got caught up in a rocket ride, the movie-theater chain said earlier this week it would issue nearly 23.3 million shares of stock to wipe out some debt. Much of the whipsaw action for it and GameStop was more the result of enthusiasm among investors than any announcement that would change the companies' profit prospects.
The federal funds rate is sitting at its highest level in more than two decades, and a cut would goose investment prices and remove some of the downward pressure on the economy. Inflation is still higher than the Fed would like, and Bank of America's Michael Gapen still expects the Fed to hold its main interest rate steady until cutting in December.
Yemen's Houthi rebels on Friday claimed to have shot down an American drone, hours after footage circulated online of what appeared to be the wreckage of an MQ-9 Reaper drone. The U.S. military did not immediately acknowledge the incident.Would Lisa Simpson set up a tent at New York University to protest the war in Gaza? How would Principal Skinner respond if she did?Trucks carrying badly needed aid for the Gaza Strip rolled across a newly built U.S.
Adopted daughter in the Netherlands reunited with sister in Montreal and mother in Colombia, 40 years later An investigation into unsolved historical homicides from the 1970s has linked the deaths of two girls and two young women in and around Calgary to a now-deceased serial offender.The Edmonton Police Service is set to speak publicly about its response during the teardown of a protest camp at the University of Alberta.
Regina based Hudson Hill Industrial Apparel is company that is changing the way clothing is produced across Canada, partnering with Indigenous communities and addressing workers' needs along the way.A driver, charged with impaired driving, has been sentenced to seven years behind bars after two people were killed in a Cambridge crash.
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