Canada’s retaliatory tariffs ranging from 15% to 50% on $27.6 billion worth of U.S. goods took effect on Tuesday, according to official reports. The measures target hundreds of American products, including dairy, agricultural equipment, paper, household appliances, and electronics, while tariffs on U.S. steel, aluminum, and iron products doubled to 50%. Impact of Canadian Tariffs … Read more
Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh christened Monday’s gathering of the Group of 20 finance ministers in Asheville, North Carolina, by emphasizing economic growth as the primary solution to mounting global financial pressures. Bessent told reporters before the two-day event that the world is awash in debt and that growth provides … Read more
U.S. Treasury Secretary Scott Bessent faces a major test of his economic diplomacy this week as he urges finance officials from the major G20 economies to curb worldwide trade imbalances, stimulate growth, and eliminate commercial ties with Iran, while simultaneously attempting to soothe anxiety surrounding climbing U.S. debt and bond yields. According to reporting from … Read more
President Donald Trump announced on Aug. 24, 2026, that the United States will raise tariffs on all cars, trucks, and automotive parts imported from Canada to 50% starting Jan. 1, 2027. The escalation follows the collapse of trade negotiations on Aug. 21 after Canada’s negotiators left Washington empty-handed following disputes over last-minute terms. Automotive Tariffs … Read more
A key consumer price index inflation reading released by the Bureau of Labor Statistics showed prices moderating across a range of goods and services in July, keeping the headline inflation rate at 3.4% and core inflation at 2.5% annually. According to the Bureau of Labor Statistics data, the seasonally adjusted consumer price index increased by … Read more
Big Tech venture capital portfolios are artificially inflating corporate earnings reports through massive investment gains from private artificial intelligence firms like Anthropic and OpenAI, according to financial data from LSEG. Microsoft, Amazon, and Alphabet recently booked sizable investment gains in their latest quarters due to their private stakes in these soaring AI developers, masking software … Read more
The Federal Reserve opted to keep its benchmark interest rate at a range of 3.5% to 3.75%, according to the central bank’s announcement on Wednesday. While markets largely expected the Federal Open Market Committee to stay on hold, recent comments from several officials indicate a sizable constituency within the central bank considered raising borrowing costs … Read more
Mercedes-Benz is moving to shield its U.S. operations from a potential sales ban as Washington lawmakers target the German carmaker over its significant Chinese ownership stake. According to Reuters, the U.S. Senate Commerce Committee advanced legislation last week that would toughen restrictions on Chinese automakers entering the domestic market, raising regulatory hurdles for Mercedes because … Read more
Singapore tightened its monetary policy for a second consecutive time on Monday, moving preemptively against a renewed oil price surge even as inflation at home stays subdued, according to a statement from the Monetary Authority of Singapore (MAS). The central bank manages the exchange rate of the Singapore dollar against a trade-weighted basket of currencies … Read more
Treasury yields edged higher Wednesday as investors await the latest Producer Price Index (PPI) report for June. The 10-year Treasury note, a key benchmark for U.S. mortgage rates and consumer loans, rose more than 1 basis point to 4.5996%. Market participants are seeking further clarity on the economic outlook following a cooler-than-expected Consumer Price Index … Read more