Canadian Prime Minister Mark Carney announced that an election would be held on April 28. Opinion polls show that the competition between his Liberal Party and the Conservative Party is very fierce due to the trade war that Canada is facing and the taunts of US President Donald Trump against its sovereignty. On Sunday, when […]
President Donald Trump said that he would soon sign a natural resources agreement with Ukraine, which would give the United States partial control over future resource extraction revenues. Trump said at an education event at the White House on Thursday: “One of the things we are doing is that we will soon sign an agreement […]
According to informed sources, Elon Musk’s social network Google X has raised nearly $1 billion in new equity from investors. This deal has valued the company at the same level as when Musk took it private in 2022. Some unnamed insiders said that Musk himself also participated in this equity financing. One of the insiders […]
Fed officials are likely to keep interest rates unchanged when they meet on Wednesday to buy time to assess how President Donald Trump’s policies are affecting an economy facing persistent inflationary pressures and growing growth concerns. The new tariffs imposed by the Trump administration, coupled with retaliatory actions from US trading partners, have dampened consumer […]
The Bank of England is expected to keep interest rates at 4.5% this Thursday. We expect seven officials to vote in favor of this decision, while two dissenters (Swati Dhingra and Catherine Mann) will vote for a rate cut. The Bank of England is not usually a source of drama. But its February meeting was […]
Consumer inflation slowed in February, which may give the Federal Reserve more leeway to keep the target interest rate unchanged when it announces a revised policy stance this week (Wednesday, March 19). However, against the backdrop of rapidly escalating tariffs, last month’s data is already in the past, so the uncertainty about how the Fed […]
The latest round of trade policy news triggered another volatile trading day on Wall Street. The S&P 500 index has fallen for three consecutive weeks, with the decline once reaching 10%, but then rebounded to narrow the loss. The index closed down 0.5%, after having dropped as much as 1.5% earlier. This suggests that the […]
Economists predict that the US inflation rate, which rose sharply in January, may have remained high last month, further evidence that progress in curbing price increases has stalled. The consumer price index is expected to rise by 0.3% in February, after increasing by 0.5% at the beginning of the year. According to a Bloomberg survey […]
Tech stocks suffered their biggest one-day drop since 2022 as investors’ concerns over an impending economic recession intensified. The Nasdaq 100 index plunged 3.8%, with Monday’s sell-off wiping out more than $1 trillion in market value. Meanwhile, the Bloomberg Big Seven Technology Index (an equal-weighted index tracking the largest U.S. technology stocks) dropped 5.4%, extending […]
U.S. officials are crossing the ocean in search of enough eggs to ease the shortage, which has driven prices up sharply, forcing grocery stores to limit customer purchases and restaurants to add surcharges. Poultry trade groups in Poland, the world’s second-largest egg exporter, and smaller countries such as France and Indonesia say their countries are […]