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Shoppers may see higher oil prices surface through groceries, back-to-school items18:12 Consumers already feeling pinched since the Iran war started may feel more pain after oil prices pushed past $100 a barrel Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year18:12 The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, pushing up borrowing costs for prospective homebuyers at a time when rising oil prices are already squeezing household budgets Union Pacific picks up Canadian National's support for its plan to acquire Norfolk Southern railroad18:12 Union Pacific struck a deal with Canadian National to secure that rival’s support for its proposed $85 billion acquisition of Norfolk Southern railroad US filings for unemployment aid fall to 187,000 last week, fewest since 196918:12 U.S. applications for jobless benefits tumbled to the lowest level in decades last week as layoffs remain historically low despite global economic uncertainty Europe's central bank holds rate steady amid swings in oil prices18:12 The European Central Bank is leaving interest rates unchanged amid uncertainty about how volatile energy prices will affect inflation Trump's tariff threat could impact Canadian economy but may be negotiation tactic18:12 The U.S. threat of 50% tariffs on Canadian goods could impact the economy, but experts suggest it might be a negotiation tactic Earnings at Musk's Tesla fall as research spending cuts into profit from selling cars18:12 Tesla's profits fell last quarter as the car company run by Elon Musk shoveled more money into research and development, cutting into profits from a sharp increase in vehicle sales Oil prices sink nearly 7% and world shares gain as Chinese chipmaker CXMT soars in Shanghai debut14:27 Shares are mostly higher in Europe and Asia and oil prices have plunged nearly 7% after the U.S. and Iran paused their attacks while work resumed on a possible resumption of negotiations to end the war China memory chipmaker CXMT's shares soar in a blockbuster share listing in Shanghai7:30 Shares of Chinese memory chipmaker CXMT have soared as the company began trading in Shanghai in mainland China’s biggest IPO in recent years Traffic to start flowing Monday across new bridge between Canada and US7:30 Traffic is set to start flowing across a new bridge over the Detroit River that will serve as a critical route for trade, jobs and tourism between Canada and the U.S. Last week, Canada celebrated the Gordie Howe International Bridge with a ribbon-cutti... |