Tag: Breaking News: Economy
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Canada poised to retaliate against Trump tariffs: ‘We’re not waiting by the phone’
Canadian trade negotiators left the U.S. last week after failing to clinch a trade deal that would stop President Donald Trump’s new tariffs from taking effect.
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China needs U.S. dollars but is building a hedge against Washington’s sanctions
The U.S. can pressure Chinese banks over Iran through access to its financial system, while Beijing is building alternatives such as CIPS.
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Treasury yields steady as traders await more economic data
Treasury yields steadied on Tuesday as investors await more data releases for insights into the U.S. economic picture.
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CNBC Daily Open: Washington escalates on two fronts; Nvidia earnings in focus
Markets are bracing for more tests this week, including Nvidia’s earnings, an inflation reading, and the Fed’s Jackson Hole symposium.
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Trump admin unveils anti-Iran global sanctions plan, signals China not exempt
The Trump administration unveiled a plan to isolate Iran’s economy by threatening to impose secondary sanctions on the Islamic Republic’s “enablers.”
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Stocks making the biggest moves midday: Expedia, Nvidia, Strategy, Hims & Hers and more
Here are the companies making headlines in midday trading.
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Trump says U.S. will hike Canada auto tariffs to 50% as trade war escalates
President Donald Trump said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 2027
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U.S. Trade Rep Greer blames Canada for failed tariff talks: ‘They wanted more’
Canadian negotiators left Washington Friday without a deal to prevent President Donald Trump from enacting new 50% tariffs on about $20 billion worth of goods.
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Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said
Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields.
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‘They asked too much’: Canadian dollar slides as Ottawa and Washington head for all-out trade war
“As a smaller, more open economy, Canada has more to lose from this,” ING strategists said Monday.
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