Canada holds no cards in the trade war
President Theodore Roosevelt famously said, “Speak gently and carry a big stick.” Ontario Prime Minister Doug Ford ignored this wisdom and threatened a 25% tariff on electricity exports to the United States. President Trump Responded in response to the threat His own tariffs on Canadian steel and aluminum. Based on Ontario, Canada, I put a […]
Russia and Ukraine Trade Aerial Strikes Amid Proposed Ceasefire Talks
Kiev, Ukraine (AP) – Russia and Ukraine exchanged heavy air strikes overnight on Saturday, with both sides reporting more than 100 enemy drones in their respective territory. The attack comes within 24 hours after Russian President Vladimir Putin meets with US envoy Steve Witkov to discuss details of the US proposal for a 30-day ceasefire […]
Canada ‘will never be part of the US’, says new PM Mark Carney amid trade war | Canada
Mark Carney said Canada will never become part of the United States after Canada was sworn into power as the country's 24th Prime Minister. The former Bank of Canada governor and the Bank of England governor have rejected the threat of Donald Trump's annexation to the crowd outside of Rideau Hall in Ottawa, saying, “We […]
UK steel industry calls for capped energy prices amid Trump trade war | Steel industry
The UK steel industry is seeking high-energy energy prices to match France and Germany as businesses tackle the fallout from Donald Trump's trade war. Lobby group UK Steel has proposed that the government set the maximum price of energy through a difference agreement (CFD) prior to the announcement of the new steel strategy. British steelmakers […]
Fed expected to cut interest rates in 2025 despite trade war — but not until later in year
The Federal Reserve is planning to cut interest rates this year as policymakers put pressure on Trump's fallout from tariffs, according to a survey released Friday. Voted by Bloomberg News, the economist predicted two quarter cuts, with the outlet reporting the first one being expected in September and the second being expected in December. Fed […]
Tesla warns it’s exposed to retaliatory tariffs on exports amid trade war
Bill Oplinger, CEO of Alcoa Corporation, is Varney & Co. Joining the news that President Donald Trump intends to double tariffs on steel and aluminum imports by 50%. Tesla warns that IT and other US exporters could be hit by retaliatory tariffs as president Donald Trump It imposes taxes on American trading partners. In a […]
DK Metcalf gets engaged to Normani days after Steelers trade
DK Metcalf has been having a busy offseason. Metcalf revealed at an introductory press conference with the Steelers on Thursday that he has been engaged to his longtime girlfriend and R&B singer Normani. “That lockup, baby,” Metcalf told his new fiancé, speaking to reporters a few days after his deal with the Seahawks. “That lockup, […]
Southwest trolls Mavs’ Luka Doncic trade amid airline’s bag fees fallout
Southwest Airlines has tricked the Dallas Mavericks over the team's shocking decision to move on from superstar Luka Donsic. Donsic was the heart of the blockbuster trade that sent five All-Stars to the Los Angeles Lakers five times earlier last month, disappointing the majority of the franchise's fanbase. Mavs received draft picks in exchange for […]
S&P 500 slides into correction territory as Trump trade wars spook investors | Stock markets
The S&P 500, the US major stock market index, was closed in the revised territory Thursday as Donald Trump's trade war volatility rattled investors. The index fell more than 10% from its February 19th peak as Wall Street approached the end of the second week of pressure. The technology-focused NASDAQ composite also closed its amendment […]
Gold price hit all-time high near $3,000 as trade tensions rock markets – FXStreet
Gold is up 1.70% to a fresh record of $2,985 due to uncertainty about US trade policy. Mixed signals from Trump administration officials about the trade-induced recession fear fuel investors will plunge into gold and Japanese yen. The market will focus on the Fed's policy decisions next week, with constant but important hints expected from […]