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Weston Family Acquires Historic Hudson’s Bay Charter for $12.5M, Plans Museum Donation

                             The 1670 royal charter signed by King Charles II establishing Hudson's Bay is shown on display at the Manitoba Museum where it was loaned to be displayed alongside its permanent collection of Hudson's Bay artifacts, in this 2020 handout photo. Historic Deal Preserves Canadian Legacy In a gesture blending heritage preservation with philanthropy, the billionaire Weston family is set to acquire the original charter of the Hudson’s Bay Company for $12.5 million. The centuries-old document, granted in 1670 by England’s King Charles II, established one of the world’s oldest continuously operating companies and played a pivotal role in shaping Canada’s economic and cultural landscape. The Weston family, known for their stewardship of iconic brands and long-standing support of Canadian institutions, announced plans to donate the charter to a Canadian museum following the purchase. The move ...

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Markets Rally as Geopolitical Tensions Ease, Oil Prices Tumble

U.S. stocks surged on Monday as investors welcomed signs of de-escalation in the Middle East following Iran’s limited retaliation to U.S. airstrikes. The Dow Jones Industrial Average climbed 0.9%, gaining over 350 points, while the S&P 500 and Nasdaq each rose nearly 1%, snapping a three-day losing streak.

The market rebound was fueled by Iran’s measured response—missile strikes on a U.S. base in Qatar that caused no casualties—which analysts interpreted as a signal that Tehran is not seeking further escalation. President Trump echoed that sentiment, suggesting Iran had “gotten it all out of their system” and expressing hope for peace talks.

Oil prices, which had spiked on fears of broader conflict, reversed sharply. Brent crude fell 7% to $71.48 per barrel, and WTI dropped to $68.51, as investors reassessed the risk of supply disruptions in the Strait of Hormuz.

Adding to the market’s optimism, Federal Reserve Governor Michelle Bowman voiced support for a potential interest rate cut as early as July, boosting hopes for monetary easing amid global uncertainty.

Tesla also made headlines, with shares jumping 8% after a successful robotaxi test launch in Austin, further energizing the tech-heavy Nasdaq.

The day’s gains reflect cautious optimism that diplomacy may prevail, even as markets remain alert to any shifts in the geopolitical landscape.

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