Google DeepMind calls for ‘responsible’ approach to AI amid ‘eureka moment’
By The Canadian Press on June 29th, 2023
TORONTO – The chief business officer at Google’s artificial intelligence research lab says the world is having a eureka moment around artificial intelligence, but we have to be responsible with the technology. Colin Murdoch of Google’s DeepMind says the explosion of interest around AI has come from recent advances in the technology that have allowed ... Read More »
Be the first to comment!Meta ends contract for journalism fellowship program as Bill C-18 fallout continues
By The Canadian Press on June 29th, 2023
TORONTO – Digital giant Meta is terminating the contract for a fellowship program that supports the hiring of a limited number of emerging journalists at newswire service The Canadian Press The move comes amid fallout from the federal government’s Online News Act, formerly known as Bill C-18, which became law last week. The law requires ... Read More »
Be the first to comment!Do your math before using credit card loyalty points toward mortgages
By Tara Deschamps, The Canadian Press on June 29th, 2023
TORONTO – Canadians looking for a little extra help on mortgage payments may be surprised to learn about one possibility: loyalty points. Some banks, including Royal Bank of Canada and Canadian Imperial Bank of Commerce, allow customers to use credit card points toward paying down their mortgage. While it would take a massive number of ... Read More »
Be the first to comment!Alberta ends 2022-23 with petro-powered $11.6B surplus
By The Canadian Press on June 29th, 2023
CALGARY – The Alberta government says it ended the 2022-23 budget year with a petro-powered $11.6 billion surplus, up from its third-quarter estimate of $10.4 billion. It’s a positive report, Finance Minister Nate Horner said in a statement Thursday. “We promised to keep our economy moving forward and Alberta is reaping the benefits,” he said. ... Read More »
Be the first to comment!3 charged in insider trading case related to taking Trump media firm public, accused of making $22M
By Larry Neumeister, The Associated Press on June 29th, 2023
NEW YORK (AP) – Three Florida men were arrested Thursday and charged with illegally making more than $22 million by insider trading ahead of the public announcement that an acquisition firm was going to take a media company owned by former President Donald Trump public. The charges were outlined in an indictment unsealed in Manhattan ... Read More »
Be the first to comment!S&P/TSX composite edges up in late-morning trading, U.S. stocks also rise
By The Canadian Press on June 29th, 2023
TORONTO – Canada’s main stock index crept higher in late-morning trading, helped by gains in the financial and technology stocks, while U.S. stock markets also moved up. The S&P/TSX composite index was up 3.40 points at 19,822.25. In New York, the Dow Jones industrial average was up 193.59 points at 34,046.25. The S&P 500 index ... Read More »
Be the first to comment!Independent media can help fill local news void as legacy media consolidate: experts
By The Canadian Press on June 29th, 2023
TORONTO – As Canadians face a potential further decline in local news coverage by legacy media outlets, industry watchers hope independent and non-profit companies can fill the void. The Canadian media industry has suffered multiple blows this month, with BCE Inc. eliminating 1,300 positions, including a six per cent cut at Bell Media, as the ... Read More »
Be the first to comment!Cannabis company TerrAscend to list on TSX under TSND ticker in early July
By The Canadian Press on June 29th, 2023
TORONTO – TerrAscend Corp. says it will be listed on the Toronto Stock Exchange next week. The Toronto-based cannabis company says its common shares will begin trading on the exchange under the TSND ticker on July 4. The company behind the Apothecarium and Gage stores will be delisted from the Canadian Securities Exchange on Friday. ... Read More »
Be the first to comment!3 charged in insider trading case related to taking ex-President Donald Trump’s media company public
By The Associated Press on June 29th, 2023
NEW YORK (AP) – Three Florida men were arrested Thursday and charged with illegally making over $22 million by insider trading ahead of the public announcement that a special purpose acquisition corporation was going to take a media company owned by former President Donald Trump public. The charges were outlined in an indictment unsealed in ... Read More »
Be the first to comment!Stock market today: Banks lead early gains on Wall Street
By Joe Mcdonald And Matt Ott, The Associated Press on June 29th, 2023
NEW YORK (AP) – Stocks are off to a mostly higher start Wall Street. The S&P 500 was up 0.2% in early trading Thursday. The Dow rose 108 points, or 0.3%, and the Nasdaq composite was up 0.1%. Yields were jumping in the bond market after data showed the U.S. economy grew at a 2% ... Read More »
Be the first to comment!US economic growth last quarter is revised up sharply to a 2% annual rate
By Paul Wiseman, The Associated Press on June 29th, 2023
WASHINGTON (AP) – Showing surprising resilience in the face of higher interest rates, the U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years. Thursday’s revised figure from the Commerce Department sharply upgraded its assessment of first-quarter growth from its previous estimate ... Read More »
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