Recall issued for 38,000 GM vehicles in Canada over software safety glitch
Transport Canada has issued a recall for 38,000 General Motors (GM) vehicles for safety risks related to a software glitch, the agency reported in a notice on Wednesday.
Saudi Aramco has overtaken Apple as the world's most valuable company, underscoring the recent that have boosted the energy giant this year.
Aramco is now worth about US$2.43 trillion, compared with Apple's $2.37 trillion, according to data from Refinitiv.
Market capitalizations fluctuate frequently: earlier this year, Apple hit the , becoming the first to do so and making it by far the most valuable company on the planet.
Aramco at one point also after a historic in 2019, which propelled its valuation to US$2 trillion.
But the latest market moves point to how the outlook for energy and tech producers have shifted lately.
This year, oil prices have soared to , particularly about disruptions of since its .
, the global benchmark, has climbed about 36 per cent so far this year, and was last trading at US$106.2 a barrel.
That has buoyed players like Saudi Aramco, whose shares are up 27 per cent so far this year.
Meanwhile, Apple's stock has fallen more than 17 per cent since January.
The iPhone maker has recently been weighed down by major supply chain headaches, particularly in China, where several of its suppliers' factories have been in the country's COVID lockdowns.
Last month, Apple warned of huge losses related to the ongoing situation, saying that production and logistics issues could hit its sales by as much as US$4 billion to $8 billion this quarter.
Apple's constraints were "primarily centered around the Shanghai corridor," CEO Tim Cook said in an earnings call.
Dan Ives, managing director of equity research at Wedbush Securities, called the impact of the lockdowns "the albatross for the June quarter," saying in a report that Apple's supply chain woes in China would likely remain the "peak worry" for investors in the short term.
But concerns may "subside" in the second half of the year, when the company is expected to launch a new iPhone 14, he added.
Transport Canada has issued a recall for 38,000 General Motors (GM) vehicles for safety risks related to a software glitch, the agency reported in a notice on Wednesday.
About 10 senior Hezbollah commanders were killed along with Ibrahim Aqil, leader of the movement's Radwan special forces unit who was attacked in an Israeli air strike in Beirut on Friday, Israel's military spokesperson said.
An 11-year-old boy died Monday after subway surfing in New York City. He's the fourth person to die from subway surfing in the city this year.
Since she was a young girl growing up in Vancouver, Ginny Lam says her mom Yat Hei Law made it very clear she favoured her son William, because he was her male heir.
Communication breakdowns with local law enforcement hampered the Secret Service's performance ahead of a July assassination attempt on former U.S. president Donald Trump, according to a new report that lays out a litany of missed opportunities to stop a gunman who opened fire from an unsecured roof.
An Ontario man says he’s still waiting for a vehicle he purchased on Kijiji to be delivered to his home. But after more than a month, he says he’s losing hope that the car will arrive and believes that he is a victim of a scam.
An Ontario man says it is 'unfair' to pay a $1,500 insurance surcharge because his four-year-old SUV is at a higher risk of being stolen.
Israel’s military has struck the southern suburbs of Beirut, Lebanon’s capital, in a dramatic escalation in a year-long period of conflict between Israel and Hezbollah.
The province's public security minister said he was "shocked" Thursday amid reports that a body believed to be that of a 14-year-old boy was found this week near a Hells Angels hideout near Quebec City.
They say a dog is a man’s best friend. In the case of Darren Cropper, from Bonfield, Ont., his three-year-old Siberian husky and golden retriever mix named Bear literally saved his life.
A growing group of brides and wedding photographers from across the province say they have been taken for tens of thousands of dollars by a Barrie, Ont. wedding photographer.
Paleontologists from the Royal B.C. Museum have uncovered "a trove of extraordinary fossils" high in the mountains of northern B.C., the museum announced Thursday.
The search for a missing ancient 28-year-old chocolate donkey ended with a tragic discovery Wednesday.
The Royal Canadian Mounted Police is celebrating an important milestone in the organization's history: 50 years since the first women joined the force.
It's been a whirlwind of joyful events for a northern Ontario couple who just welcomed a baby into their family and won the $70 million Lotto Max jackpot last month.
A Good Samaritan in New Brunswick has replaced a man's stolen bottle cart so he can continue to collect cans and bottles in his Moncton neighbourhood.
David Krumholtz, known for roles like Bernard the Elf in The Santa Clause and physicist Isidor Rabi in Oppenheimer, has spent the latter part of his summer filming horror flick Altar in Winnipeg. He says Winnipeg is the most movie-savvy town he's ever been in.
Edmontonians can count themselves lucky to ever see one tiger salamander, let alone the thousands one local woman says recently descended on her childhood home.