American Airlines cancels popular route, refunds available

Oracle's shares fell 15% following the release of disappointing quarterly financial results, leading to a loss of approximately $80 billion in market value, dropping from $630 billion to $550 billion. This decline has raised concerns about a potential bubble in artificial intelligence-related stocks, particularly affecting companies like Nvidia, which is viewed as a key indicator of the AI sector's health.

Canada recorded its first trade surplus in eight months in September, achieving a modest surplus of C$153 million as exports rebounded while domestic demand showed signs of softening.

Dollarama has raised its outlook following a surge in consumer demand, which resulted in increased traffic and spending across its stores, solidifying its position as Canada's largest dollar-store chain.

Oracle Database is now available on Google Cloud in Canada, expanding the cloud services offered by both companies in the region. This launch allows Canadian businesses to leverage Oracle's database technology within the Google Cloud infrastructure.

Canada recorded a trade surplus of C$153 million in September, marking a significant achievement amid fluctuating economic conditions. This surplus indicates a positive balance between exports and imports, suggesting resilience in the Canadian economy despite challenges in other sectors.

Paramount Skydance has launched a $108.4 billion hostile bid for Warner Bros Discovery, intensifying the competition in the media landscape, particularly against Netflix, which previously proposed an acquisition valued at approximately $72 billion. Jared Kushner's involvement in financing this bid highlights the intersection of business and politics, especially given his ties to the Trump administration.

The US Federal Reserve has reduced its benchmark interest rate by 25 basis points, responding to persistent inflation and slowing job growth amid a lack of government data due to a shutdown. This marks a significant monetary policy shift as the Fed navigates economic uncertainties.

US prosecutors have charged a Canadian citizen with orchestrating a fraudulent scheme that raised over $42 million by targeting investors on the chat platform Discord, falsely claiming to invest in both traditional finance and cryptocurrency.