Canada Increases Tariffs on Foreign Steel from Non-U.S. Sources, Focusing on China
Canada Announces New Steel Tariffs Canadian Prime Minister Mark Carney recently revealed plans to impose high tariffs on non-U.S. steel imports. This decision, made during his visit to steel companies, aims to safeguard Canada’s steel industry from foreign competition. Interestingly, China ranks as Canada’s second largest steel importer and is already subject to similar tariffs […]
Talos Acquires Coin Metrics as Cryptocurrency M&A Activity Increases
Simply put Trading platform Talos is acquiring coin metrics from data companies. Details regarding the transaction size have not been revealed by Talos. This year has seen numerous large crypto firms making acquisitions. According to a press release from Wednesday, Talos, which specializes in institutional trading technology, is buying coin metrics to broaden its offerings […]
Citi’s new banking leader increases efforts to recruit JPMorgan dealmakers
Citigroup is demonstrating the goals of its new bank Chief Viswas Raghavan following the lifting of employment restrictions from JP Morgan. Raghavan, who joined Citi as the head of investment banking in February 2024, previously led the trading division at JP Morgan. Shortly after his appointment, he recruited at least five senior bankers from his […]
USD/JPY pulls back as Trump-Powell tensions limit increases
The US dollar has weakened against the Japanese yen, amid focus on the relationship between Trump and Powell. Expectations around interest rates are bolstering USD strength, while political uncertainty creates some fluctuations in USD/JPY. The USD/JPY currency pair has dropped, facing resistance around 149.00. The Japanese yen (JPY) is attempting to regain some of its […]
Trump Administration Increases Pressure on States for Election Integrity
The Trump administration is actively seeking to access voting equipment from various states to strengthen election integrity, as reported by The Washington Post. The Department of Justice (DOJ) has reached out to at least nine states to ask for copies of voter rolls or to discuss potential access to their voting systems. This initiative is […]
The Australian Dollar increases on fresh optimism as US PPI data is anticipated.
The Australian Dollar Gains Amid Renewed Optimism The Australian dollar is set to strengthen, fueled by fresh optimism stemming from Trump’s readiness to engage in trade discussions. Consumer confidence in Australia has registered three months of growth, indicating a more positive outlook. President Trump plans to impose tariffs exceeding 10% on certain smaller countries, affecting […]
EUR/USD drops near 1.1600 as US inflation increases, dimming hopes for a Fed rate cut
If US CPI surpasses forecasts, EUR/USD will drop, strengthening the Fed’s stance and stabilizing fees. Trump calls for interest rate cuts, threatens more tariffs and seals Indonesia’s trade agreement. Germany’s Zew Sentiment jumped to 52.7, the highest since February 2022. The EUR/USD pair dipped by 0.55% on Tuesday, reflecting the Federal Reserve’s current approach after […]
Michigan health insurers seek significant premium increases for 2026.
Michigan Health Insurers Seek Significant Premium Increases Health insurance providers in Michigan are pushing for substantial premium rate hikes as the expiration of the Biden-era tax credits at the end of 2025 could lead to millions losing access to private insurance. This week, a state insurer offering Affordable Care Act-compliant plans submitted a proposed increase […]
SharpLink Increases ETH Treasury by $225 Million in Ethereum
Simply put Sharplink currently possesses 280,000 Ethereum, valued at approximately $846 million. The company began acquiring Ethereum over a month ago. Joe Lubin, Ethereum co-founder and Sharplink chairman, likens the buying pressure to an “industrial store vacuum.” Sharplink Gaming recently purchased $225 million worth of Ethereum. Earlier this month, the company announced this in a […]
Mark Cuban criticizes Zohran Mamdani’s vow to halt rent increases
Mark Cuban has joined the chorus of critics against Zohran Mamdani, a left-leaning mayoral candidate in New York City, particularly with his proposals for rent freezes and affordable grocery options. The billionaire entrepreneur and former owner of the Dallas Mavericks expressed doubt about Mamdani’s campaign promises, suggesting they sound too idealistic. “We’re cutting rent, right? […]