Canada Targets U.S. Metals, Fish, Foods, Motorcycles in Retaliatory Tariff Package
New duties range from 15% to 50% on about $20 billion of goods, designed to protect domestic firms' market share.
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Bitcoin Rally Pauses After Jumping to Three-Month High
Bitcoin eased after rising above $80,000 as the cryptocurrency's rally stalled in the absence of new positive catalysts.
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Stocks Advance as Effects of Bessent's 'D-Day' Look Contained
Tech stocks were gaining, with the Nasdaq composite leading indexes higher.
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He once mentored Scott Bessent. Now Stanley Druckenmiller is criticizing the Treasury secretary.
Treasury Secretary Scott Bessent's recent maneuvers in the bond market have come in for some searing criticism from illustrious investor Stanley Druckenmiller - his long-time ally and mentor.
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Fed May Need to Tighten Soon Without Progress on Inflation, Fed's Collins Says
Boston Federal Reserve President Susan Collins said she was comfortable with Fed's July decision to maintain interest rates at their current target range, but leaving them there will require continued evidence that inflation is cooling.
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U.S. Consumer Sentiment Fell in August, Conference Board Says
The research group said its consumer confidence index fell to 89.4 from 90.2 in July as expectations for future business and labor market conditions became more pessimistic.
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Regulators Probing Near-Collapse of Hedge Fund Situational Awareness
The SEC has sought information from banks that provided financing to supercharge the hedge fund's AI-centric bets.
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World Trade Flows Continue Recovery in June
World trade flows rose sharply in June, aided by the boom in artificial intelligence-related investment.
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Extreme Weather Is Hammering Europe's Summer Harvest, EU Says
Impacts on crops are widespread, ranging from modest declines in yields to severe harvest losses with crop failures likely in the worst-affected regions.
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German Economy Gets Upward Revision for Second Quarter on Resilient Exports
There was a noticeable upward revision to exports, rising 2.6% on quarter, though growth is set to slow in the months ahead.
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U.S. Home Price Growth Rose in June
The S&P Cotality Case-Shiller National Home Price Index rose 1.5% in the 12 months through June, compared with a 1.2% increase in May.
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Canada Wholesale Sales Estimated to Have Fallen 0.6% in July
Statistics Canada's early tally of wholesale receipts points to a 0.6% decline in sales in July from the month before. With a slight fall also expected in manufacturing trade, it points to some softening in the economy to start the third quarter.
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New Tanker Strike in Hormuz as Iran Vows Retaliation for U.S. Economic Offensive
The tanker was struck by an unknown projectile off the coast of Oman, the U.K. Maritime Trade Operations said.