Tag: Breaking News: Economy
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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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Treasury yields fall as investors brace for Warsh’s Jackson Hole keynote amid bond fears
Treasury yields fell Monday as investors await Federal Reserve Chair Kevin Warsh’s keynote speech at Jackson Hole later this week.
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Singapore inflation hits highest in nearly two years, but undershoots expectations
Consumer prices rose 2.2% last month, compared with the 2.3% expected by economists polled by Reuters
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Treasury Secretary to announce Iran sanctions as Tehran dismisses economic warfare threat
Bessent told CNBC that the sanctions will be the “toughest” in history.
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Anthropic IPO filing will show AI backlash as a risk factor, sources say
Anthropic is poised to debut on the stock market at a time when the public is increasingly upset about data centers and is fearful about AI taking jobs.
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New York unseats San Francisco as the top market for tech talent, CBRE reports
AI-related roles now account for nearly one-third of all tech-talent job listings in the U.S., per the new CBRE report.
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Longer-dated Treasury yields rise as Bessent’s bond buyback rally fizzles out
Concerns over the Treasury Department’s debt repurchase program continue to weigh on markets.
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