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TSX:ALS News 1 December 2025

Algoma Steel Layoffs 2025: 1,000 Workers Hit as U.S.–Canada Trade War and Green Steel Transition Collide

Algoma Steel Layoffs 2025: 1,000 Workers Hit as U.S.–Canada Trade War and Green Steel Transition Collide

SAULT STE. MARIE, Ont. — One of Canada’s oldest steelmakers has become the latest flashpoint in the escalating trade war between Ottawa and Washington. In late November, Algoma Steel confirmed it is issuing layoff notices to more than 1,000 workers at its Sault Ste. Marie mill, with job losses expected to roll out over the coming months. The cuts land at the intersection of two powerful forces: punishing U.S. steel tariffs and a massive technological shift to lower-carbon electric arc furnace (EAF) steelmaking. Northern Ontario Business+2Ground News+2 Local coverage from Northern Ontario outlets and national broadcasters including CTV News, SooToday
1 December 2025
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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