World markets kicked off November in an upbeat mood, riffing off buoyant company earnings and calmer trade relations while batting away OPEC's planned end to output hikes and this week's Supreme Court hearing on President Donald Trump's tariffs. Following last week's meeting between Trump and China's President Xi Jinping in South Korea, the White House announced Saturday that China would lift export controls on rare earths and end probes into U.S. chip firms. But Trump said AI giant Nvidia's most advanced chips would be reserved for U.S. companies and kept out of China and other...
During a public meeting with Ireland's Prime Minister, or Taoiseach, Micheál Martin, United States (US) President Donald Trump took the opportunity to deliver another hodge-podge of comments addressing his usual variety of topics that White House watchers have become increasingly familiar with. Without sharing any specific details, President Trump declared that the EU has been "tough" on the US in terms of trade, noting that Europeans tend to not buy very many US-produced food products or vehicles. Given the enormous costs of shipping both durable and non-durable goods between two...
Canada will impose retaliatory tariffs on U.S. imported goods worth C$29.8 billion ($20 billion) effective on Thursday in response to U.S. President Donald Trump's steel and aluminum tariffs, Canada's Finance Minister Dominic LeBlanc said. Trump's increased tariffs on steel and aluminum imports took effect on Wednesday as prior exemptions, duty-free quotas and product exclusions expired, and as his campaign to reorder global trade norms in favor of the U.S. gains momentum. Canada is the biggest foreign supplier of steel and aluminum to the United States. "We will not stand idly by while...
During a public meeting with Ireland's Prime Minister, or Taoiseach, Micheál Martin, United States (US) President Donald Trump took the opportunity to deliver another hodge-podge of comments addressing his usual variety of topics that White House watchers have become increasingly familiar with. Without sharing any specific details, President Trump declared that the EU has been "tough" on the US in terms of trade, noting that Europeans tend to not buy very many US-produced food products or vehicles. Given the enormous costs of shipping both durable and non-durable goods between two...
Inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), declined to 2.8% on a yearly basis in February from 3% in January, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading came in below the market expectation of 2.9%. On a monthly basis, the CPI rose 0.2% following the 0.5% increase recorded in January. The core CPI, which excludes volatile food and energy prices, rose 3.1% on a yearly basis. This print followed the 3.3% increase in January and came in below analysts' estimate of 3.2%. On a monthly basis, the core CPI rose...
Canada will announce C$29.8 billion in retaliatory tariffs on the United States on Wednesday in response to US President Donald Trump's steel and aluminum tariffs, a Canadian official said. The official declined to be identified. Trump's increased tariffs on steel and aluminum imports take effect on Wednesday as previous exemptions, duty-free quotas and product exclusions expire, and as his campaign to reshape global trade norms in favor of the US gains momentum. Canada is the largest foreign supplier of steel and aluminum to the United States. The escalation in the US-Canada trade war...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
As the U.S. government shutdown disrupts federal employee paychecks across the country, it also exacerbates the financial hardship of attorneys who represent the poorest members of society when they...