Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Wall Street Surges as Tech Rally Pushes Indexes Toward Record Highs

U.S. stocks soared Tuesday, with the S&P 500 and Nasdaq Composite closing at their highest levels since February, inching closer to all-time records. The Dow Jones Industrial Average also joined the rally, climbing over 500 points, or roughly 1.2%.

The surge was fueled by renewed optimism in megacap tech stocks, particularly Nvidia, Microsoft, and Apple, which helped the Nasdaq 100 notch a fresh closing high. Investors were also buoyed by signs of geopolitical easing, as a fragile U.S.-brokered ceasefire between Israel and Iran appeared to hold, easing fears of oil supply disruptions.

Federal Reserve Chair Jerome Powell’s testimony to Congress added to the bullish sentiment. Powell signaled that*interest rate cuts could come “sooner rather than later”, while maintaining a cautious stance amid ongoing tariff concerns.

With the S&P 500 now within 1% of its record high and the Nasdaq already setting new benchmarks, Wall Street appears to be regaining its footing after a volatile spring. The rally underscores investor confidence in both the resilience of the U.S. economy and the enduring strength of the tech sector.

Labels:

Comments

Post a Comment

Popular Posts