It’s never a dull moment with Trump. Nothing can be done by China, Mexico and Canada right now to forestall tariffs We have big deficits and tariffs are something we’re doing We may increase tariffs Canada has treated the US very unfairly Not looking for concessions Will put tariffs on chips, oil and gas Oil
Oil prices rose in aftermarket trading on Friday as U.S. President Donald Trump said he expects his administration to decrease proposed tariffs on Canadian oil from 25% to 10%, and to impose duties on oil and gas around Feb. 18, later than initially feared. U.S. West Texas Intermediate crude rose 73 cents, or 1%, to
Eaton on Friday delivered mixed fourth-quarter results Friday, but the electrical components and power systems company made clear that its fast-growing data center business isn’t slowing down despite the emergence of Chinese startup DeepSeek and its more efficient AI models. Revenue in the three months ended Dec. 31 increased 4.6% year over year, to $6.24 billion,
United States (US) Press Secretary Karoline Leavitt dashed investor hopes for a delay in tariffs on Friday, announcing from the White House’s press podium that President Donald Trump’s wide tariffs of 25% on Canada and Mexico, as well as 10% on China, would be taking effect on February 1. The announcement shattered earlier reports that
Forex markets remain largely subdued today, with Canadian Dollar being the exception as volatility rises ahead of the implementation of US tariffs tomorrow. Canada is reportedly well prepared to respond with retaliatory measures on US imports worth up to CAD 150B. This comes at a time when Canada’s economy is already under pressure, with November’s
Inflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central bank’s target, the Commerce Department reported Friday. The personal consumption expenditures price index increased 2.6% on a year-over-year basis in December, 0.2 percentage point higher than the November reading and in line
he AUDUSD has declined this week, weighed down by concerns over tariffs and diverging monetary policies. While the US Fed held rates steady, the RBA now has inflation within the 2%-3% target range which opens the door for potential policy easing. Technical Overview: The price remains below the 100-hour MA at 0.62397, keeping sellers in
About 10 months ago, the Canadian government announced it was raising capital gains taxes. However the government never passed the legislation and now the government is on the brink of falling. Normally, the tax agency implements changes based on announces and assumes the legislation will come. That has had them telling people they need to
OPEC+ is unlikely to alter existing plans to raise output gradually when it meets on Monday, delegates from the producer group told Reuters, despite U.S. President Donald Trump urging OPEC and its de facto leader Saudi Arabia to bring down prices. The meeting of top ministers from the Organization of the Petroleum Exporting Countries and
In this article TEAM Follow your favorite stocksCREATE FREE ACCOUNT Mike Cannon-Brookes, co-founder of software company Atlassian Corp., in Sydney, Australia, Dec. 6, 2023. Lisa Maree Williams | Bloomberg | Getty Images Atlassian shares popped 18% after the software company blew past Wall Street’s fiscal second-quarter earnings and guidance expectations. The stock traded near a
Gold price enters a bullish consolidation phase after touching a fresh all-time peak on Friday. The Fed’s hawkish pause and rebounding US bond yields cap the gains for the XAU/USD pair. Traders now look forward to the release of the US PCE Price Index for a fresh impetus. Gold price (XAU/USD) touches the $2,800 mark,
FOMC rate decision and press conference yesterday proved to be a non-event. Dollar remained firm following the decision to keep interest rates unchanged at 4.25–4.50%. Fed Chair Jerome Powell reinforced a patient approach to policy adjustments, stating, “we do not need to be in a hurry to adjust our policy stance.” He also emphasized the
The Frankfurt skyline at dusk on a November day. Helmut Fricke | Picture Alliance | Getty Images The German economy shrank by 0.2% quarter-on-quarter in the three months ending in December, according to preliminary data released by Germany’s statistics office Destatis on Thursday. The figure is adjusted for price, calendar and seasonal variations. Analysts polled
The price of WTI crude oil futures are selling at $72.73. That is up $0.11 or 0.15%. Looking at the hourly chart below, the price has been trending below its 100 hour moving average (blue line on the chart below) at $73.45 currently. Staying below that level kept the sellers more in control. The price
Due on Friday at 0830 US Eastern time (0130 GMT), the Core PCE data is the focus. The Personal Consumption Expenditures (PCE) data is a key measure of inflation that tracks changes in the prices of goods and services purchased by consumers. It is reported monthly by the Bureau of Economic Analysis (BEA) and is
Gold prices hit a fresh high on Friday and were set for a fifth straight weekly gain, as market participants worried about U.S. tariff threats while awaiting a key inflation report to assess the Federal Reserve’s policy path. FUNDAMENTALS * Spot gold was up 0.1% at $2,795.92 per ounce, as of 0035 GMT, rising about
Apple defied the doom and gloom that had been building for weeks. Shares rose roughly 3% Thursday evening after the tech giant reported a slightly better-than-expected quarter. More importantly, guidance for revenue growth in the March quarter was much better feared. Revenue in Apple’s fiscal 2025 first quarter, which ended in December, grew 10% year-over-year
The US Dollar traded with a tepid downside bias amid lower yields and further investors’ assessment of Wednesday’s hawkish hold by the Federal Reserve, while the release of Friday’s PCE also prompted some caution. Here is what you need to know on Friday, January 31: The US Dollar Index (DXY) remained inconclusive below the 108.00
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