Finance Minister Chrystia Freeland is expected to announce Monday morning a plan for potential tariffs to protect Canada’s electric vehicle supply chain from unfair Chinese competition. Freeland and International Trade Minister Mary Ng are making a joint announcement on Monday following moves this spring by both the United States and Europe to hike import tariffs … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Wild week: The stock market was little changed Friday, which masked the drama we saw in this holiday-shortened week of trading. Nvidia soared to all-time highs … Read more
From dwindling support for the Liberals and Justin Trudeau to Canadians grappling with a heat wave, there were plenty of big stories making headlines over the last seven days. Here are some of the top stories from this past week if you’re catching up on the news. Support for Trudeau nears ‘rock bottom’, poll finds … Read more
People walk past a restaurant, with a hiring sign outside, in Washington, D.C., on Oct. 5, 2023. Andrew Caballero-Reynolds | AFP | Getty Images The unemployment rate, which has remained low for two years, has been inching higher in the first half of the year, according to data from the Bureau of Labor Statistics. For … Read more
Three months after Baltimore’s Francis Scott Key Bridge collapsed – killing six people, shutting a major port and disrupting vehicle traffic along the Eastern Seaboard — local, state and federal officials began a massive effort to make the best out of an unimaginable situation. “We’re working with construction companies and designers, and working with the … Read more
Premier Doug Ford is calling on the federal government to slap high tariffs on Chinese-made electric vehicle imports amid rising concerns that cheap cars could saturate the Canadian market and undercut Ontario’s EV manufacturing sector, along with the billions in taxpayer-funded subsidies to support it. On Thursday, Ford released a statement warning that China was … Read more
Kristalina Georgieva, chief executive officer of the World Bank Group, arrives to a briefing at the annual meetings of the International Monetary Fund (IMF) and World Bank in Washington, DC, US, on Friday, April 19, 2024. Bloomberg | Bloomberg | Getty Images The head of the International Monetary Fund on Thursday called on Europe to … Read more
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | Reuters The Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at a time when sentiment over monetary policy easing remains mixed … Read more
General view of the Bank Of England building in London. Sopa Images | Lightrocket | Getty Images LONDON — The Bank of England on Thursday opted to keep interest rates steady at its June meeting, confirming market expectations even after U.K. inflation hit its 2% target. It keeps the central bank’s key rate at a … Read more
Participants during the snowboarding activity with the Hoods to Woods Foundation at Big Snow American Dream in East Rutherford, New Jersey on June 13, 2024. Danielle DeVries | CNBC EAST RUTHERFORD, N.J. — For 16-year-old Zyshawn Gibson, snowboarding down the indoor ski park at Big Snow American Dream in East Rutherford, New Jersey, was a … Read more
