Canada markets closed
  • Business
    Yahoo Finance Video

    Oil prices rally on demand outlook, econ data

    Oil prices (CL=F, BZ=F) are trending higher on Monday, buoyed by improving demand outlooks as markets eagerly await the release of Wednesday's CPI report. Yahoo Finance's Ines Ferré dissects the factors influencing oil price movements and discusses developments that could potentially impact future trends, including the Chevron (CVX) and Hess Corporation (HES) deal. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith

  • Business
    Yahoo Finance Video

    OpenAI's GPT-4o: Google, Apple at 'risk' if they don't catch up

    OpenAi announced a new flagship chatbot called GPT-4o, which can operate in 50 different languages with improved speed and quality, according to Chief Technology Officer Mira Murati. This announcement comes ahead of a potential deal between OpenAi and Apple (AAPL) to put ChatGPT in iPhones, Bloomberg reports. Moor Insights & Strategy Founder and CEO Patrick Moorhead joins Market Domination to give insight into the announcement from OpenAi and its potential deal with Apple. Moorhead outlines why this announcement was important for OpenAi despite lagging evidence about the impact of AI adoption: "Technology is always slower to be adopted than we all think it's going to. In Silicon Valley, it comes overnight. But the reality is to hit typical consumers and even businesses come years after use. But you have to show off the latest and greatest to get people excited. It's kind of like the beginning of an investment bubble, right? Let's get everybody excited. Let's show the capability we're going to hit the trough of disillusionment at some point, but it's to get people tied in." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino

  • Business
    The Canadian Press

    S&P/TSX composite edges lower Monday, U.S. stock markets mixed

    TORONTO — Canada's main stock index moved lower Monday while U.S. markets were mixed ahead of major economic data reports coming later this week. The S&P/TSX composite index closed down 49.76 points at 22,259.17. In New York, the Dow Jones industrial average was down 81.33 points at 39,431.51. The S&P 500 index was down 1.26 points at 5,221.42, while the Nasdaq composite was up 47.37 points at 16,388.24. The Canadian dollar traded for 73.14 cents UScompared with 73.18 cents US on Friday. The Jun

  • Business
    The Canadian Press

    Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry

    LIVONIA, Mich. (AP) — A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S. electric vehicles that cost three times as much. A shorter-range version costs under $10,000. Tariffs on imported Chinese vehicles will keep the Seagull out of America for now, and it likely would sell for more than