Trade tensions between the US and Canada escalated sharply after President Trump imposed 50% tariffs on $28 billion worth of Canadian goods, targeting industries like dairy, alcohol, automotive, and a wide range of specific products including hockey equipment and clothing. Canadian Prime Minister Mark Carney declared the situation an economic "war" and announced Canada will retaliate with matching tariffs on US steel, dairy, appliances, and other sectors. Negotiations collapsed after last-minute US demands were deemed unfair by Canada, signaling a prolonged trade conflict with significant impacts on both economies.
Greg Abel, Warren Buffett's successor at Berkshire Hathaway, reduced the company's investment in Bank of America by $1.7 billion. At the same time, he increased the stake in Delta Air Lines by $1.6 billion. This shift in portfolio allocation highligh...
The Amplify CWP International Enhanced Dividend Income ETF (IDVO) has outperformed its US counterpart, the Amplify CWP Enhanced Dividend Income ETF (DIVO), in 2023 by about 5 percentage points year-to-date and nearly 10 points over the past year. Bot...
Shiba Inu (SHIB) fell 16.13% to $0.0000052 after a recent surge, pressured by intense selling amid global market uncertainties and tariff tensions. Trading volume dropped 63%, signaling a market cooldown, with heavy sell volumes on both spot and deri...
Alibaba has initiated a HK$80 billion ($10.2 billion) share placement, the largest primary follow-on offering ever by a Hong Kong-listed company, to finance its artificial intelligence (AI) development. The company plans to invest all net proceeds in...
The U.S. is approaching a critical moment in cryptocurrency regulation with a Senate cloture vote on the CLARITY Act scheduled for September 15. This vote will decide whether the Senate advances debate on the bill, which aims to clarify regulatory ov...
