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Stock market today: Wall Street drifts to a mixed close, weighed down by Big Tech

Stock market today: Wall Street drifts to a mixed close, weighed down by Big Tech

NEW YORK — Stocks drifted to a mixed close on Wall Street as drops in several Big Tech companies offset gains in other parts of the market. The S&P 500 gave up an early gain and closed down 0.1% Wednesday. The Nasdaq composite fell 0.
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Labour shortages cost small businesses $38 billion in lost sales last year: CFIB

Labour shortages cost small businesses $38 billion in lost sales last year: CFIB

TORONTO — Small businesses lost more than $38 billion in revenue opportunities last year because of labour shortages, according to estimates from the Canadian Federation of Independent Business.
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US economic growth for last quarter is revised up to a 5.2% annual rate

US economic growth for last quarter is revised up to a 5.2% annual rate

WASHINGTON (AP) — Shrugging off higher interest rates, America's consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government reported Wednesday in an upgrade from its previous estimate.
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Cutting-edge antibody therapy firm, AbCellera, to lay off 10 per cent of workforce

Cutting-edge antibody therapy firm, AbCellera, to lay off 10 per cent of workforce

VANCOUVER — The Vancouver-based company that helped develop the first antibody therapy treatment for COVID-19 has announced layoffs amounting to 10 per cent of its workforce. AbCellera Biologics Inc.
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Enbridge raising quarterly dividend next year as it expects business to grow

Enbridge raising quarterly dividend next year as it expects business to grow

CALGARY — Enbridge Inc. is raising its dividend as it expects its business to continue to grow next year.
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GM says strike cost $1.1B, but it can absorb rising labor costs as it raises dividend

GM says strike cost $1.1B, but it can absorb rising labor costs as it raises dividend

DETROIT (AP) — General Motors says pretax earnings took a $1.1 billion hit this year from a six-week strike by autoworkers, but the company expects to absorb the costs of a new contract and is even raising its dividend.
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Emirati-designated COP28 leader forcefully denies report UAE wanted to seek oil deals in summit

Emirati-designated COP28 leader forcefully denies report UAE wanted to seek oil deals in summit

DUBAI, United Arab Emirates (AP) — The Emirati president-designate for the upcoming United Nations COP28 climate talks forcefully denied Wednesday a report alleging his nation planned to use the summit to strike oil and gas deals, a day before the su
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AI won't pose immediate existential threat but 'safety brakes' needed: Microsoft

AI won't pose immediate existential threat but 'safety brakes' needed: Microsoft

Microsoft’s president says he doesn't think artificial intelligence poses an immediate threat to humanity's existence, but governments and businesses still need to move faster to address the technology's risks by implementing what he calls "safety br
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OpenText divesting AMC business to Rocket Software for US$2.3 billion

OpenText divesting AMC business to Rocket Software for US$2.3 billion

OpenText Corp. says it's divesting its AMC business to Rocket Software, Inc. for US$2.275 billion in cash. The Waterloo, Ont.-based company says it has reached a definitive agreement with Rocket, a Bain Capital portfolio company.
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Coastal GasLink pipeline mechanically complete before year-end deadline

Coastal GasLink pipeline mechanically complete before year-end deadline

VANCOUVER — The Coastal GasLink pipeline that stretches across northern B.C. is mechanically complete ahead of the company's year-end deadline. A statement from TC Energy Corp.
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