24News.ca

In the David and Goliath saga surrounding the struggling retail chain GameStop, Goliath has fallen. Two Goliaths, actually. A pair of professional investment firms that placed big bets that money-losing video game retailer GameStop's stock will crash have largely abandoned their positions. Source

BERLIN -- A modified version of the Boeing 737 Max, incorporating multiple safety upgrades, has been approved to resume flights in Europe, following nearly two years of reviews after the aircraft was involved in two deadly crashes that saw the planes grounded worldwide, the European aviation safety agency said Wednesday. Source

HUNTSVILLE, ONT. -- GameStop closed Tuesday up over 92%, so what is going on? This is the story of the little guy taking on the big guy, and for now the little guys are winning. Source

BRUSSELS -- The European Union's dispute with AstraZeneca intensified Wednesday with the Anglo-Swedish drugmaker denying the EU's assertion that it had pulled out of talks on vaccine supplies. AstraZeneca said in a statement that it still planned to meet with EU officials in Brussels later in the day. Source

CALGARY -- The president of a union representing employees at some of the largest meat-packing plants in the country says there needs to be a discussion about making the COVID-19 vaccine more readily available to essential workers. Source

Stocks are mixed in Asia as investors focus on the Federal Reserve policy meeting that ends Wednesday. Shares rose in Hong Kong and Tokyo but fell in Seoul and Sydney. Shanghai was little changed. Source

Stocks are mixed in Europe and Asia as markets focus on the Federal Reserve policy meeting that ends Wednesday. Shares advanced in Paris and Tokyo but fell in London and Hong Kong. The Fed is expected to keep its extremely supportive policy stance unchanged given the slow progress in vanquishing the pandemic, analysts said. Source

Stocks are pulling back broadly in the early going on Wall Street, taking the S&P 500 further below the record high it reached just two days ago. The benchmark index was off 1.4% in the first few minutes of trading Wednesday. Source

Goldman Sachs cut chief executive David Solomon's annual compensation by US$10 million, or 36%, following a penalty deduction that resulted from the bank's role in a corruption scandal involving a Malaysian investment fund, known as 1MDB. Source

SpaceX and Amazon — companies run by the two richest men in the world — are sparring over their competing satellite-based internet businesses, with SpaceX accusing Amazon of "stifling competition" and Amazon accusing SpaceX of looking to "smother competition in the cradle. Source