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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 ...
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Canadians Cut Back on U.S. Travel for Eighth Month in a Row

                             Trips to the United States by automobile fell by 32.6 per cent to 2.2 million in August.

Canadian travel to the United States continues to slide, marking the eighth consecutive month of decline, according to the latest data from Statistics Canada.

In August, Canadian residents made just over 2.8 million return trips south of the border, a 29.7% drop compared to the same month last year. The majority of these journeys—about 2.2 million—were by car, down 32.6% year-over-year. Air travel also fell, with 608,800 return trips by plane, representing a 17% decline.

Interestingly, the trend is not mirrored on the other side of the border. For only the third time since 2006 (excluding pandemic-era anomalies), more Americans travelled to Canada than Canadians to the U.S. in August.

Analysts suggest that a mix of economic pressures, shifting consumer habits, and ongoing political tensions may be discouraging Canadians from heading south. Meanwhile, U.S. tourism operators are feeling the pinch as one of their most reliable visitor groups continues to pull back.


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