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Stock market today: Wall Street climbs on hopes for coming cuts to interest rates

Stock market today: Wall Street climbs on hopes for coming cuts to interest rates

NEW YORK (AP) — U.S. stocks closed higher following a surprisingly encouraging update on inflation. The S&P 500 rose 0.
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US inflation cooled in May in a sign that price pressures may be easing

US inflation cooled in May in a sign that price pressures may be easing

WASHINGTON (AP) — Inflation in the United States eased in May for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed.
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Federal Court orders Amazon to turn over review, ratings docs to Competition Bureau

Federal Court orders Amazon to turn over review, ratings docs to Competition Bureau

A new court order is requiring Amazon to hand internal records related to its review and ratings programs over to Canada's competition watchdog.
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Sony Pictures acquires Alamo Drafthouse Cinema, the dine-in movie theater chain

Sony Pictures acquires Alamo Drafthouse Cinema, the dine-in movie theater chain

Sony Pictures Entertainment is getting into the exhibition business.
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Elon Musk drops lawsuit against ChatGPT-maker OpenAI without explanation

Elon Musk drops lawsuit against ChatGPT-maker OpenAI without explanation

SAN FRANCISCO (AP) — Elon Musk has dropped his lawsuit against OpenAI just ahead of a scheduled Wednesday hearing on the case.
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ADW Capital Management calls for strategic review at GFL Environmental

ADW Capital Management calls for strategic review at GFL Environmental

TORONTO — ADW Capital Management LLC has sent a letter to the board and management of GFL Environmental Inc. calling on the company to undertake a strategic review process. The U.S.
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US widens sanctions on Russia to discourage countries such as China from doing business with Moscow

US widens sanctions on Russia to discourage countries such as China from doing business with Moscow

The United States widened its sanctions against Russia Wednesday as G7 leaders prepared to gather in Italy for a summit where the top priorities will be boosting support for Ukraine and grinding down Russia’s war machine.
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Every new home built requires $100,000 in infrastructure spending: report

Every new home built requires $100,000 in infrastructure spending: report

As Canada aims to build homes faster, both the public and private sectors will need to boost spending on municipal infrastructure, a new report from the Canadian Urban Institute says.
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Quebecor complains to Competition Bureau about Loblaw-Glentel agreement

Quebecor complains to Competition Bureau about Loblaw-Glentel agreement

MONTREAL — Quebecor Inc. says it has filed a complaint with the Competition Bureau regarding an agreement between Loblaw and wireless carriers Bell and Rogers, through their joint venture Glentel.
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The European Union moves to hike tariffs on Chinese electric car imports, escalating trade spat

The European Union moves to hike tariffs on Chinese electric car imports, escalating trade spat

BRUSSELS (AP) — The European Union moved Wednesday to hike tariffs on Chinese electric vehicles , escalating a trade dispute over Beijing's subsidies for the exports that Brussels worries is hurting domestic automakers .
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