The Liberal government’s latest efforts to make it easier for young Canadians to buy a home will also help fix the housing supply crunch, Finance Minister Chrystia Freeland argued Tuesday. The deputy prime minister spoke to reporters about last week’s announcement that Ottawa would make 30-year mortgage amortizations available on all new builds and for … Read more
In poll after poll, U.S. voters list the economy as their top concern heading into this year’s presidential election. Yet there’s a major economic issue looming that has gained almost no attention throughout the 2024 campaign: whether millions more U.S. workers could be eligible for overtime pay. Most hourly workers get time-and-a-half pay when they … Read more
WASHINGTON — If a year from now prices at Walmart and Target have spiked 15% and a deep recession is suddenly on the horizon, blame Mark Burnett. Donald Trump has for decades mismanaged the hundreds of millions of dollars left to him by his father, most famously bankrupting casinos, and to this day displays fundamental … Read more
One of the world’s largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. MercadoLibre, an Argentinian e-commerce and payments platform that’s incorporated in Delaware and actively traded on Nasdaq, is up 34% in 2024, compared to a roughly 27% rise for Amazon, … Read more
The sun sets beyond crude oil storage tanks at the Juaymah tank farm at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Bloomberg | Bloomberg | Getty Images Global benchmark Brent crude falling below $70 a barrel in early September — its lowest in … Read more
Democratic presidential nominee and Vice President Kamala Harris speaks to members of the media upon her arrival at Joint Base Andrews in Maryland on Sept. 22, 2024. Matt Rourke | Via Reuters More than 400 economists and former White House policy advisors announced their support for Vice President Kamala Harris over former President Donald Trump … Read more
China’s central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back towards the government’s growth target, but analysts warned more fiscal help was vital to hit these goals. The broader-than-expected package offering more funding and interest rate cuts marks the latest attempt by … Read more
Canada is “absolutely” considering following a major proposal by the United States to ban Chinese automotive technology, Finance Minister Chrystia Freeland told reporters Tuesday. This comes after the White House announced Monday a proposal to ban Chinese software and hardware in connected vehicles on American roads due to national security concerns. The move would mark … Read more
US Federal Reserve Governor Michelle Bowman attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images Federal Reserve Governor Michelle Bowman said Tuesday she thought her colleagues should have taken a more measured approach to last week’s half percentage point interest … Read more
Here are the most important news items that investors need to start their trading day: 1. Inching higher U.S. stocks climbed again Monday as investors digest the Federal Reserve’s major rate cut last week. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all rose only modestly, as the 30-stock Dow notched another record … Read more
