Skip to main content

Featured

Wall Street Pauses as Oil Surges and Tesla Stumbles

  U.S. stocks stalled on Thursday as investors weighed a sharp rise in oil prices against a wave of fresh corporate earnings. Futures tied to the Dow Jones Industrial Average and the S&P 500 hovered near the flat line, while the Nasdaq 100 also showed little movement. Energy markets took center stage after oil futures jumped more than 5% following new U.S. sanctions on Russian producers, pushing Brent crude toward $66 a barrel and West Texas Intermediate closer to $62. The surge added pressure to inflation concerns already weighing on Wall Street. On the corporate front, Tesla shares slipped over 3% in premarket trading after the electric vehicle maker posted mixed third-quarter results, disappointing investors and kicking off the “Magnificent Seven” earnings cycle. IBM stock also dropped about 7% , as stronger-than-expected profits were overshadowed by weaker software revenue. Traders are now awaiting results from American Airlines and T-Mobile , with Intel set to ...
Post a Comment
Read more

article

Labels

Canada Reframes Ties with China as Strategic Partnership

Foreign Affairs Minister Anita Anand rises during Question Period on Parliament Hill in Ottawa, Thursday, Oct. 9, 2025. 



Canada is shifting its diplomatic stance toward China, with Foreign Affairs Minister Anita Anand declaring that the two countries are now engaged in a “strategic partnership”.

The announcement marks a notable change from just three years ago, when Ottawa labeled Beijing a “disruptive global power.” Anand emphasized that the new approach is not about ignoring challenges, but about ensuring dialogue continues even when disagreements arise.

“It’s necessary for us to lay the foundation, if we are going to find areas where we can further co-operate,” Anand said, stressing that Canada must balance its economic and security interests while addressing issues of concern.

Her remarks followed a series of high-level meetings in Asia, including talks with Chinese officials in Beijing. The discussions touched on trade, energy, health, and environmental cooperation, while also acknowledging ongoing disputes such as tariffs and market access.

The recalibration comes as Prime Minister Mark Carney prepares for his first official trip to Asia, signaling Ottawa’s intent to strengthen its role in the region.


Labels:

Comments

Post a Comment