TORONTO--(BUSINESS WIRE)--Aug 22, 2025--
What began as an ordinary day turned extraordinary for Mariam Memon of Toronto. During the lunch rush in St. Lawrence Market, Mariam unexpectedly flagged down a purple-wrapped cab with a digital taxi top that read “free taxi”. Thinking she’d already scored big, she hopped into the lucky Co-op Cab, where she received even better news: she’s just won $10,000!
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250822505562/en/
The surprise payday was part of Jackpot City ’s citywide free ride campaign with Co-op Cabs, offering riders complimentary fares and a shot at winning big cash prizes each week in August. It’s all part of Jackpot City’s mission to give back to Torontonians in a fun, unexpected way.
Mariam, filled with gratitude for her unexpected windfall, plans to pay it forward by donating a portion of her winnings to charity and using the remainder to purchase a new vehicle.
Until August 30, five eye-catching purple Co-op Cabs will be on the streets giving away free rides - and there’s still one more chance to win cash! Next week’s finale raises the stakes with a $20,000 cash payout up for grabs. Starting Monday, clues to locate the grand prize taxi will be teased on Co-op Cabs’ Instagram.
For more information, visit jackpotcitytaxi.ca. Images and b-roll can be accessed here.
Winner Mariam M of Toronto in a Co-op Cab after winning $10K from Jackpot City's campaign.
NEW YORK (AP) — A surging stock market and a flurry of deal making padded the profits of Wall Street's two big investment banks, which both saw a double-digit jump in profits in the fourth quarter.
Goldman Sachs's net earnings rose 12% from a year earlier, posting a profit of $4.62 billion, or $14.01 a share. Meanwhile Morgan Stanley said it earned $4.4 billion, or $2.68 per share, compared to a profit of $3.71 billion, or $2.22 per share, compared to a year earlier.
Wall Street has been bolstered by the Trump administration's deregulatory policies, which has led corporations to seek out mergers and acquisitions, as well as the surge of investor interest in artificial intelligence companies and those who stand to benefit from the mass adoption of technologies like ChatGPT.
Fourth-quarter investment fee revenues over at Goldman were up 25% year-over-year and Morgan Stanley saw a 47% jump in revenue in its investment banking division. Both banks said their investment fee backlog, which is a signal of how much deal making is still pending that banks are working on, increased significantly in the fourth quarter.
Goldman and Morgan's results reflect the strong earnings out of the other big banks that reported their results this week. JPMorgan Chase, Bank of America and Citigroup all saw jumps in fourth-quarter profits, but their results were dampened by the ongoing tensions that Wall Street is having with the White House over the issue of the independence of the Federal Reserve and President Donald Trump's interest in capping credit card interest rates at 10%.
Along with a strong investment banking performance, Goldman Sachs also agreed to sell off its Apple Card credit card portfolio to JPMorgan Chase last week, effectively exiting its brief experiment in consumer banking. The bank sold the credit card portfolio at a discount to JPMorgan, a sign of how desperately Goldman wanted to exit the business and put the Apple Card behind it.
This story has been corrected to show that Morgan Stanley's investment banking revenues rose 47%, not 22%.
FILE - Electronic signage is shown at Morgan Stanley headquarters, Thursday, March 4, 2021 in New York. (AP Photo/Mark Lennihan, File)
FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File)
