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  • Business
    The Canadian Press

    Buffalo Bills owner Terry Pegula explores selling non-controlling, minority stake in franchise

    ORCHARD PARK, N.Y. (AP) — Buffalo Bills owners Terry and Kim Pegula are exploring the possibility of selling a non-controlling, minority interest in the franchise, the team announced on Friday. A person with knowledge of the decision told The Associated Press the stake in the team the Pegulas would be preparing to sell would be about 25%. The person spoke on condition of anonymity because that detail was not announced by the team. It was first reported by The Athletic. The Bills announced the Pe

  • Business
    The Canadian Press

    As inflation cools, Macklem says different countries will cut rates at own pace

    OTTAWA — Bank of Canada governor Tiff Macklem says central banks will make monetary policy decisions geared toward their own economies, which means some countries may begin cutting interest rates before others. Macklem made the comments while speaking to reporters on the sidelines of International Monetary Fund meetings in Washington, D.C. Friday. "We've all been resolute in our commitment to restore price stability, and we've matched those words with action that has helped us all bring inflatio

  • Business
    The Canadian Press

    Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week

    NEW YORK (AP) — The worst week for big technology stocks since the COVID crash in 2020 dragged Wall Street on Friday across the finish line of another losing week. The S&P 500 dropped 0.9% to close out its third straight losing week. That’s its longest such streak since September, before it broke into a romp that sent it to a string of records this year. The Nasdaq composite sank 2%. The Dow Jones Industrial Average, which has less of an emphasis on tech, was an outlier and rose 211 points, or 0

  • Business
    Bloomberg

    ‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets Wrap

    (Bloomberg) -- A selloff in the world’s largest technology companies hit stocks, with Wall Street traders gearing up for a deluge of results from the industry that has powered the bull market.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemDubai Grinds to Standstill as Flooding Hits City‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapIsrael Reported to Have Launched Retaliatory Strike on IranEquities extend