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US economy shrank by 1.5% in Q1 but consumers kept spending

US economy shrank by 1.5% in Q1 but consumers kept spending

WASHINGTON (AP) — The U.S.
Fewer Americans apply for jobless benefits last week

Fewer Americans apply for jobless benefits last week

WASHINGTON (AP) — Fewer Americans applied for jobless aid last week with the number of Americans collecting unemployment benefits already near five-decade lows.
China wants 10 Pacific nations to endorse sweeping agreement

China wants 10 Pacific nations to endorse sweeping agreement

WELLINGTON, New Zealand (AP) — China wants 10 small Pacific nations to endorse a sweeping agreement covering everything from security to fisheries in what one leader warns is a “game-changing” bid by Beijing to wrest control of the region.
Twitter shareholders meet amid Elon Musk's takeover drama

Twitter shareholders meet amid Elon Musk's takeover drama

Twitter's regularly scheduled shareholder meeting Wednesday didn't include a vote on Tesla billionaire Elon Musk’s $44 billion bid for the social platform.
Unionized Starbucks stores face hard work of bargaining

Unionized Starbucks stores face hard work of bargaining

It’s become a common sight: jubilant Starbucks workers celebrating after successful votes to unionize at dozens of U.S. stores.
Twitter to pay $150M penalty over privacy of users' data

Twitter to pay $150M penalty over privacy of users' data

WASHINGTON (AP) — Twitter will pay a $150 million penalty and put in new safeguards to settle federal regulators’ allegations that the social platform failed to protect the privacy of users’ data over a six-year span.
Boeing capsule lands back on Earth after space shakedown

Boeing capsule lands back on Earth after space shakedown

CAPE CANAVERAL, Fla. (AP) — Boeing’s crew taxi returned to Earth from the International Space Station on Wednesday, completing a repeat test flight before NASA astronauts climb aboard.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,383.75, up 97.55 points.) Manulife Financial Corp. (TSX:MFC). Financials. Up 25 cents, or 1.1 per cent, to $22.
Scotiabank, BMO report higher loan growth while ramping up stress-test scenarios

Scotiabank, BMO report higher loan growth while ramping up stress-test scenarios

TORONTO — BMO and Scotiabank both reported higher loan growth and profits in the last quarter from a year ago and said commercial and consumer demand remains strong despite growing worries about the economy.
North American stock markets rise in response to Fed rate increase outlook

North American stock markets rise in response to Fed rate increase outlook

TORONTO — North American stock markets climbed after minutes from the last Federal Reserve meeting suggested the central bank won't be any more hawkish in aggressively raising interest rates in the months to come.