U.S. plans 50% tariffs on Canadian autos from January 1, 2027, escalating trade tensions amid broader geopolitical threats. Former President Trump announced plans to impose 50% tariffs on Canadian autos beginning January 1, 2027, citing trade imbalances. The move follows b
The Treasury expands secondary sanctions on Iran, targeting 60 entities but avoiding actions against key Chinese financial institutions. The US Treasury announced expanded secondary sanctions on Iran, threatening foreign firms with US financial system exclusion for continu
XAU/USD climbs to $4,681 as US imposes sanctions on Iran-linked entities, boosting safe-haven flows ahead of Fed remarks. Gold prices surged to a three-month high of $4,681 as the US Treasury announced sanctions on nearly 60 Iran-linked entities, targeting sectors includin
U.S. President Trump warns Canada of consequences over trade policies and leadership, citing rising unemployment and business relocations. U.S. President Donald Trump criticized Canadian leadership, threatening consequences for trade and energy policies. He cited Canada’s
A White House report alleges over 40 countries facilitate China’s efforts to bypass US trade restrictions and tariffs. The Trump administration has named more than 40 countries, including Azerbaijan, Georgia, Kazakhstan, and Uzbekistan, as participants in schemes enabling
United States (US) Treasury Secretary Scotts said on Monday the US is launching "an economic onslaught against Iran's financial connections around the globe". At a press conference, Bessent outlined plans to launch an " economic D-Day" on Iran and stated the United States
US Treasury Secretary outlines strict sanctions targeting Iran’s digital assets, gold, and shipping sectors, pressuring oil markets. Oil prices deepened losses Monday after US Treasury Secretary Bessent detailed new sanctions against Iran, calling them the toughest in hist
Chris Churchman, a Goldman Sachs partner who leads the bank's digital platform for institutional clients, warned Monday that the spread of AI across Wall Street risks degrading the analytical abilities of the next generation of bankers. "There's a huge danger here that in the...<
Taxing all US billionaires at 100% would cover just 21% of the $40 trillion national debt, Treasury data shows. The US national debt surpassed $40 trillion on August 18, up $7 trillion since Elon Musk warned that taxing billionaires would fail to address the fiscal gap. Tr
The end of a 60-day U.S.-Iran negotiation period could prompt shifts in sanctions, military posture, or diplomatic strategy. The 60-day window for U.S.-Iran negotiations formally closed on August 17, removing a key diplomatic deadline that had framed recent discussions. Th
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