Apple's antitrust fallout, Reddit's debut: Thursday's market takeaways

) debuted on the New York Stock Exchange in the afternoon with shares of the company trading above its target price of $34 per share. The stock is currently trading at just under $50 per share during extended hours.

Competition for customer deposits among Canadian banks is expected to intensify with the likely onset of lower interest rates as clients divert funds parked in high-yielding fixed income products to riskier investments in search of better returns, analysts and executives say. For banks, sticky customer deposits are a cheaper source of funding that keeps costs under check and boosts lending margins.

Discover how Warren Buffett amassed his $136 billion net worth, which is up by almost $16 billion this year, and how he spends his fortune. -- The company planning to take Trump Media & Technology Group public sued to force its biggest investor, ARC Global Investments II, to vote in favor of the deal before a critical deadline this week.

TORONTO — Royal Bank of Canada says it will be closing 25 HSBC Bank Canada branches and rebranding dozens more after its takeover deal closes next week. RBC spokesperson Christine Stewart said the closures are part of the company's "process of optimizing our branch network in a way that makes the most sense for our clients and our business.

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Justice Department files antitrust suit against Apple, Reddit starts trading: Yahoo Finance LiveIt’s a busy day on Wall Street. The US Department of Justice has sued Apple (AAPL) accusing the company of creating a monopoly with its iPhone business and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

U.S. Justice Department to sue Apple for antitrust violations as soon as ThursdayThe U.S. Justice Department is preparing to announce an antitrust lawsuit against Apple Inc. Thursday, according to two people familiar with the matter.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Justice Department to Sue Apple for Antitrust Violations as Soon as ThursdayThe Justice Department is poised to sue Apple Inc. as soon as Thursday, accusing the world’s second most valuable tech company of violating antitrust laws by blocking rivals from accessing hardware and software features of its iPhone.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Reddit's NYSE debut: Could it become an AI play?Reddit (RDDT) is gearing up for Thursday's highly anticipated debut on the New York Stock Exchange. The IPO has garnered significant investor interest...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Reddit set for stock market debut after pricing IPO at top of rangeSocial media platform Reddit geared up for its high-profile market debut on the New York Stock Exchange on Thursday, setting the stage for other companies looking to go public.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

Reddit set for hotly anticipated debut after pricing IPO at top of rangeSocial media platform is setting the stage for other companies looking to go public
Source: globeandmail - 🏆 5. / 92 Read more »