The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Twitter and Facebook have suspended numerous accounts that are believed to be tied to a state-backed information campaign originating from inside China.Technologyread more
Leaked documents from Google give fresh ammo to conservative lawmakers who have already accused Google and other tech companies of political bias.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
In a statement Monday, Barr said he will name Kathleen Hawk Sawyer the new director of the Federal Bureau of Prisons.Politicsread more
May 7 (Reuters) - Canada's main stock index fell on Tuesday, as worries about a deterioration in trade negotiations between the United States and China made investors wary of riskier assets.
* At 9:47 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 109.13 points, or 0.66 percent, at 16,384.33, extending its decline from the previous day when U.S. President Donald Trump vowed to double down tariffs on Chinese goods.
* U.S. Trade Representative Robert Lighthizer said on Monday Beijing had reneged on commitments it had made previously that would have changed the agreement substantially.
* Chinese Vice Premier Liu He is expected to be in Washington on Thursday and Friday for further talks.
* Nine of the 11 major sectors were lower, led by a 2.04 percent drop in the energy sector. Oil prices took another beating amid concerns over global growth.
* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 1.3 percent as copper prices headed toward 2-1/2 month lows.
* Iamgold Corp fell 10.3 percent, the most on the TSX, after the gold miner reported quarterly revenue below estimates. The second biggest decliner was Hudbay Minerals Inc , down about 10 percent after results.
* The largest percentage gainers on the TSX were Kirkland Lake Gold Ltd, which rose 4.8 percent and WestJet Airlines Ltd that jumped 3.3 percent after their results.
* The most heavily traded shares by volume were Enbridge Inc , Hanwei Energy Services and Harte Gold Corp .
* The TSX posted three new 52-week highs and five new lows.
* On the TSX, 64 issues were higher, while 168 issues declined for a 2.63-to-1 ratio to the downside, with 24.14 million shares traded.
* Across all Canadian issues there were seven new 52-week highs and eight new lows, with total volume of 39.93 million shares. (Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur)