The U.S. imposed 50% tariffs on about $20 billion of Canadian imports, including dairy, wine, and wood products, after trade talks between the two countries collapsed. This move caused the Canadian dollar to fall against the U.S. dollar and other major currencies. Canadian Prime Minister Mark Carney vowed to retaliate with equivalent tariffs starting September 8, targeting sectors like steel and agriculture. The tariff dispute highlights rising trade tensions and could lead to higher prices and economic strain for Canada, a smaller, open economy vulnerable to U.S. trade policies.
A Federal Reserve Bank of Cleveland working paper found that showing U.S. households information about Bitcoin's past returns significantly increased their desire to own crypto, raising desired allocations by about two percentage points, a 47% increa...
Bitcoin surged 22.78% in one week to reach around $77,000, driven by regulatory optimism and macroeconomic shifts. Investors face a choice between lump sum purchases, which benefit from immediate market exposure but carry timing risks, and savings pl...
Trainline PLC shares fell 19% following a Competition and Markets Authority (CMA) investigation into how booking fees are displayed to customers. Shore Capital argues this drop is an overreaction, as the CMA has not found any consumer law breaches an...
In Austria, Bitcoin savings plans spread purchases across multiple transactions, leading to varying purchase prices. For tax purposes, Austria applies a moving average price method, merging acquisition costs of the same cryptocurrency held at one add...
Tom Lee of Fundstrat believes a long-anticipated rotation into Ethereum has begun, with ETH potentially reaching $10,000 within the next one to two years. He argues Ethereum is undervalued compared to Bitcoin and could become the future settlement la...
