Usa Financial News

US President- elect Donald Trump is reportedly encouraging Vivek Ramaswamy who was his former rival in the GOP primary 2024 to eventually consider an appointment to the vacant US Senate seat in the state of Ohio, reported USA Today.

Jamie Dimon has been rather bang-on with his certain predictions around the US economy and the stock market for the better part of 2024, and his concerns around Wall Street have occasionally been seen to be true. The JPMorgan Chase CEO has been relaying his concerns about an incoming US inflation based on various market factors, and he has reiterated the same in the latest cautionary statement.

US Vice President Kamala Harris marked a pretty significant moment in her tenure by signing her ceremonial desk drawer at the White House which is actually a tradition that dates back nearly a century, reported Los Angeles Times.

A lawsuit filed by the Federal Trade Commission alleges that food and beverage maker PepsiCo engaged in illegal price discrimination by giving unfair price advantages to one big-box retailer

The Bank of Montreal has become the first Canadian bank to withdraw from the Net-Zero Banking Alliance, which aims to align lending, investment and capital markets activity with net-zero greenhouse gas emissions by 2050.

TikTok in the United States is days away from shutting down after the U.S. Supreme Court on Friday allowed the federal law forcing a nationwide ban to take effect.However, there remain questions over whether it could still be reversed.The uncertainty over the app’s future may have ripple effects in Canada, experts say, although Ottawa says what happens in the U.S.

Remember the “new normal” after the great financial crisis? One analyst thinks it’s over and we’re heading back to the “old normal,” which ultimately means a world with more volatility and higher interest rates and a lower Canadian dollar, but with some silver linings, suggests Karl Schamotta, chief market strategist at Corpay Inc.

As the smoke clears from devastating Los Angeles wildfires, efforts to clean up the affected areas are being complicated by burnt-out electric and hybrid vehicles and home-battery storage systems.

Toronto-Dominion Bank is speeding up the appointment of its new chief executive and has made sweeping changes to its board, just a few months after regulators in the United States levied sanctions against the lender for failing to monitor money laundering activities at its branches.

Retaliation against United States tariffs could hold the key to Bank of Canada‘s moves on interest rates, says a prominent economist.

United States president-elect Donald Trump is planning to release an executive order elevating crypto as a policy priority and giving industry insiders a voice within his administration, according to people familiar with the plans.

The United States Supreme Court upheld a law banning TikTok on Friday, meaning the short video platform has until Sunday to shutter its U.S. operations or find a buyer. The law calling for the closure or sale of the Chinese-controlled social media app — which has more than one billion monthly active users worldwide, including 170 million in the U.S. and 14 million in Canada — was passed in April. Last week, the U.S. Supreme Court began hearing arguments from the company’s legal team, which was hoping to overturn the ban. Prior to Friday’s ruling, TikTok had insisted it is unwilling to sell and will shut down in the U.S. The Financial Post’s Yvonne Lau explains the ban and what it will mean for the millions who use the platform, both in the U.S. and in Canada.

According to the January 2025 update to the IMF Global Economic Outlook, the UK economy is expected to grow by 1.6% this year and 1.5% in 2026. IMF backs Rachel Reeves' 'sustainable' £40bn tax hikes This compares to the previous outlook in October 2024, when the IMF forecast growth of 1.5% for the current year. Chancellor Rachel Reeves said that, apart from the US, the UK was the only G7 economy to have its growth forecast upgraded for the year. Additionally, she noted that the IMF's revised economic outlook meant the UK is «forecast to be the fastest growing major European econ...

unanimously upheld the federal law banning TikTok beginning Sunday unless it's sold by its China-based parent company. The top court held that the risk to national security posed by its ties to China overcomes concerns about limiting speech by the app or its 170 million users in the United States.

ByteDance or banned on Sunday in the United States on national security grounds — a major blow to a platform used by nearly half of all Americans.

US industrial production fared much better than expected last month, the Federal Reserve said Friday, rising sharply as aircraft manufacturing rebounded after the end of a strike at Boeing.

Donald Trump's economic plans risk reigniting US inflation, International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas told AFP, a few days before the president-elect returns to the White House.

TD Bank Group said on Friday CEO-designate Raymond Chun would be appointed to the role on Feb. 1, months earlier than initially planned, and slashed the salary of 41 executives, including its outgoing chief.

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