Rogers Communications is facing challenges as it records lower-than-anticipated subscriber growth. The Canadian telecom giant has added only 11,000 new bill-paying wireless subscribers in its latest quarter, well below the expected 17,390. This dip is attributed to the recent tightening of immigration policies in Canada, which has stifled potential customer influx. Newcomers have been a crucial driver of growth for telecom companies, making this slowdown particularly concerning for Rogers.

Wall Street Gains as Tariff Concerns Ease

In broader market news, a sense of optimism has returned to Wall Street following hints of negotiations between the U.S. and China regarding the ongoing tariff war. Recent reports suggest that American tariffs on Chinese imports could soon be reduced to a range between 50% and 60%, reviving investor confidence. Additionally, President Trump's recent commitment to keeping Federal Reserve Chairman Jerome Powell in place has alleviated concerns regarding interest rate policies, further buoying the markets.

Massive Climate Impact from Corporations Revealed

In a startling revelation, a new study claims that the world’s largest corporations are responsible for an estimated $28 trillion in climate damage. This figure is part of a growing effort to hold businesses accountable for their environmental impact, similar to the financial repercussions faced by tobacco companies in the past. Such findings could have significant implications for corporate regulation and accountability.

Tech Shares Propel TSX to New Heights

Meanwhile, Canada's S&P/TSX Composite Index surged by 1%, reaching its highest level since early April. Technology stocks were key players in this rally after investors reacted positively to Trump’s remarks about Powell, easing fears surrounding the Federal Reserve's decisions on interest rates despite the President's previous criticisms.

Fines for Meta and Apple Highlight Growing Regulatory Pressure

In Europe, tech giants Meta and Apple are facing a collective fine of €700 million (about $877 million) for breaching new antitrust regulations. This marks a significant step by EU regulators in their mission to rein in Big Tech. Apple’s spokesperson criticized the fines, claiming they could disrupt user privacy and technology access.

Potential Cuts to Chinese Tariffs on the Horizon

A source has indicated that the Trump administration is contemplating reductions in tariffs on Chinese imports as part of ongoing discussions with China. These adjustments could see tariffs decrease from their current staggering levels down to between 50% and 65%, in a bid to cool off rising trade tensions.

Investor Caution Grows Amid Political Turmoil

As all these developments unfold, global investors are increasingly wary about U.S. investments. The trade war and ongoing criticism of the Federal Reserve by President Trump have raised concerns, causing many to retreat from Wall Street.