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Wall Street economists maintained their forecasts for a sharp slowdown in US economic growth and warned recession risk is still elevated despite the Trump administration’s decision this week to delay major tariffs on a wide range of trading partners.
Canada’s abundant hydroelectricity offers the best way to power booming artificial intelligence servers and win the global AI race — if the country is able to cooperate with the US amid a trade war with President Donald Trump, according to former Google chief Eric Schmidt.
The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds.
China announced Friday that it will raise tariffs on U.S. goods from 84 per cent to 125 per cent, the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown.
Treasuries slid for a fifth straight day as investors pulled back from U.S. assets, sending longer-dated yields toward one of the biggest weekly jumps since the 1980s.
Canada’s biggest pension funds increased their ownership of U.S. assets in recent years to tap into strong economic growth. U.S. President Donald Trump’s agenda now has some eyeing Europe as an attractive spot for capital.
Gold’s latest surge to fresh records has been fueled by a rush of buying activity in daily auctions — a sign that major players are still adding to their holdings.
Many of the world’s largest shipping nations decided on Friday to impose a minimum fee of US$100 for every tonne of greenhouse gases emitted by ships above certain thresholds, in what is effectively the first global tax on greenhouse gas emissions.
China’s Juneyao Airlines Co. is delaying delivery of a Boeing Co. widebody aircraft, highlighting how the escalating trade war is driving up the price of goods.
U.S. wholesale prices fell in March by the most since October 2023, restrained by energy costs and adding to evidence of muted inflation ahead of the Trump administration’s tariffs on U.S. trading partners.
Morgan Stanley’s willingness to stick it out with Elon Musk is giving its first-quarter results a healthy boost.
JPMorgan Chase & Co.’s stock traders took in a record haul in the first quarter, boosted by chaotic market moves set off by Trump’s policies.
China calls on Western countries to work to support multilateralism and open cooperation, Chinese President Xi Jinping told Spain’s PM Pedro Sánchez.
As stocks tanked on tariff fears, Marjorie Talylor Greene showed her faith in the president not just with words but dollar bills.
A reordering of global trading relationships could be underway as the world’s two largest economies clash and relations spiral into a trade war.
U.S. wholesale prices fell last month in another sign that inflationary pressures are easing. But President Donald Trump’s trade wars cloud the outlook.
