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Asian stocks slump after Fed says US rates will rise 'soon'
BEIJING (AP) — Asian stock markets tumbled by unusually wide margins Thursday after the Federal Reserve indicated it plans to start raising interest rates soon to cool inflation. Market benchmarks in Tokyo and Hong Kong fell by more than 2%.
Jan 26, 2022 10:20 PM
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Fed plans to raise rates starting in March to cool inflation
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will begin a series of interest-rate hikes in March, reversing pandemic-era policies that have fueled hiring and growth — and stock market gains — but also stubbornly high inflation.
Jan 26, 2022 7:00 PM
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Moderna begins testing omicron-matched COVID shots in adults
CAMBRIDGE, Mass. — Moderna has begun testing an omicron-specific COVID-19 booster in healthy adults. The company announced Wednesday that the first participant had received a dose.
Jan 26, 2022 6:39 PM
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Lawyer: Avenatti said he'd represent porn star for a dollar
NEW YORK (AP) — Michael Avenatti jumped at the chance to represent porn star Stormy Daniels in 2018, saying he’d do it for a dollar, another California attorney testified Wednesday at Avenatti's criminal trial.
Jan 26, 2022 6:09 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,595.89, up 4.91 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 50 cents, or 1.4 per cent, to $35.36 on 11.9 million shares.
Jan 26, 2022 5:35 PM
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S&P/TSX composite edges higher as crude oil prices rise, U.S. stock markets mixed
TORONTO — Canada's main stock index gave up early gains but still posted a small increase as crude oil prices hit a more than seven-year high and the central bank kept its key interest rate in check.
Jan 26, 2022 5:03 PM
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Picasso heirs launch digital art piece to ride 'crypto' wave
GENEVA (AP) — Pablo, meet Crypto.
Jan 26, 2022 4:12 PM
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Los Angeles City Council approves phaseout of oil drilling
The Los Angeles City Council on Wednesday approved a measure to ban new oil and gas wells and phase out existing ones.
Jan 26, 2022 3:34 PM
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DesRosiers says Canadian auto production last year hit lowest level since 1967
TORONTO — DesRosiers Automotive Consultants says Canada produced just over 1.1 million light vehicles last year for the lowest level of production since 1967. The low production numbers, down from 1.
Jan 26, 2022 12:48 PM
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Dark Web marketplace taken down after CRTC levies anti-spam penalties
GATINEAU, Que. — Canada's broadcasting regulator says a prominent Dark Web marketplace has been taken off-line after it levied $300,000 in fines against four individuals linked to the business.
Jan 26, 2022 12:38 PM
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