Trump's trade war wallops stock market
Stock markets have been struggling through two days of selling after President Trump pushed forward with sudden new tariffs on Canada and Mexico. The Dow Jones industrial average was closed on Tuesday with a loss of 670 points (1.6%) as Trump's 25% tariffs on Canadian and Mexican goods came into effect. Trump also increased tariffs […]
Trudeau tells Trump ‘we will not back down’ from trade war, calls tariffs ‘very dumb’
Jeff Sica, founder of Circle Squared Alternative Investments, analyzes Nvidia and discusses how much the trade war will damage the US economy with “Varney & Co.” Canadian Prime Minister Justin Trudeau on Tuesday denounced the Trump administration's new 25% tariff, calling the measure “very stupid” and vowed that his country would not “retreat from the […]
Stocks sink as Trump trade war with Canada, Mexico escalates
Stock markets opened with losses on Tuesday after President Trump's sudden tariffs on Canadian and Mexican goods came into effect, spurring retaliation from two top US trading partners. The Dow Jones industrial average fell 431 points after the opening bell, losing 1% at the start of trading Tuesday. The S&P 500 index fell by 0.9%, […]
Euro Leaders Sound Very Different on Ukraine War in Private
European leaders say they “blow the hearts,” and as long as they're in public, they're backed up, but if the journalists aren't in their earshots, they're realistic about the need to end the Ukrainian war, said US Vice President JD Vance. Because “We don't care what Europeans say in public,” it's completely different from what […]
Exclusive: Speaker’s Guest List For Trump’s Prime-Time Speech Highlights Swift End To Biden’s ‘War On American Energy’
House Speaker Mike Johnson will highlight the early victory of Republicans overturning the Biden administration's anti-energy policy during President Donald Trump's joint speech to Congress on Tuesday evening. Johnson invited many guests to the president's address, including the Commonwealth Liquefied Natural Gas (LNG), chairman, whose private equity company has a majority ownership of the energy […]
USD/CAD corrects to near 1.4420 as US-Canada enters trade war – FXStreet
The USD/CAD fell sharply to nearly 1.4420 as Canadian Prime Minister Trudeau announced retaliatory tariffs in the US. On Monday, the US president confirmed 25% tariffs in Canada and Mexico. The US dollar faces sharp sales pressure as FRED DOVISH bets swell. The USD/CAD pair sharply corrects from the monthly high of 1.4542 posted on […]
Judge opens door to possible bidding war for Paramount as it scrambles to close $8B Skydance merger
A Delaware judge on Monday opened the door to the possibility of a new bidding war for Paramount Global, which could block the media giant's $8 billion deal to fuse with Hollywood film studio Skydance Media. Earlier last month, the New York City Public Pension Fund was sued to block the SkyDance merger agreement. Due […]
Trump’s tough Ukraine War diplomacy exposes Europe’s leaders, shows very few alternatives
Trump's harsh “America-First” diplomacy regarding the Ukrainian war reveals that European leaders have failed to act. They are now in a hurry to come up with plans to support Ukraine and broker a deal that will end a brutal three-year conflict on the continent. Two rough proposals emerged ahead of the important meeting of European […]
Warren Buffett calls tariffs 'an act of war’
Legendary investor Warren Buffett likened tariffs to “acts of war” in a new interview, as President Trump doubles his embrace of economic strategy. In an interview that aired Sunday on CBS News, anchor Nora O'Donnell asked Buffett about the impact of tariffs on the economy. “In fact, tariffs, we've had a lot of experience with […]
‘He Needs This War’: Trump Crypto Czar Explains Zelenskyy’s ‘Powerful Motivation Not To Make Peace’
White House AI & Crypto Czar David Sacks appeared on Fox News on Monday, saying Ukrainian President Volodymyr Zelenskyy had a hidden motive to not reconcile with the United States. Appearing in “Jesse Watters Primetime,” Sacks said Zelenskyy had the motivation to perpetuate the conflict in Ukraine. He suggests that peace undermines Zelensky's power. “I […]