Usa Financial News

Currency moves amid Donald Trump’s tariff war are aligning to actually boost Canada’s stock market, according to a CIBC analyst.

Canadians need a drink.

Donald Trump has said America is being “ripped off by every country in the world, friend and foe” and liberation day, as he calls it, is when he aims to set that right.

President Donald Trump’s crypto project World Liberty Financial said it plans to launch a stablecoin redeemable one-for-one with the United States dollar, an announcement that comes as his administration throws its support behind the digital tokens that underpin most crypto transactions.

Bank of Nova Scotia named Pablo Elek to take over at its Mexican unit as the Canadian bank reworks its operations to focus on North America.

From concerns about losing their homes to regrets about not accepting a previous severance offer that could have potentially paid them three times as much money, there were “a lot of tears” among some of Hudson’s Bay Co. ULC’s roughly 9,000 employees this week as Canada’s oldest departmental store started liquidating its outlets on Monday.

Doug DeVos, global co-chairman of the Amway board of directors, and son of the $7.4-billion Amway Corp's co-founder Rich DeVos. The direct selling company, which makes Nutrilite protein powder and Glister toothpaste, sells its products to consumers primarily through its distributors, and not through physical or online stores. «There's a perception that there's something very different about direct selling or it's secret. I would say we've been the most transparent company; there are no secrets on how the business works; we just access the market slightly differently,» said DeVos.

subsidy program that will benefit satellite internet providers like Elon Musk’s Starlink, but some state and federal officials worry the technology isn’t robust enough to connect Americans on a mass scale and at affordable rates. The Biden administration’s vision for the Broadband Equity and Access Deployment Program (BEAD), designed to deliver fast, reliable home internet service to every US household, leaned heavily on fiber-optic lines, a technology that’s expensive to install but can last for decades. The shift toward satellites is a result of extensive lobbying by Musk and has gained Republican support, including from Senate Commerce Committee Chairman Ted Cruz. State and former federal officials, several of whom spoke to Bloomberg on the condition of anonymity, described pitfalls with Commerce Secretary Howard Lutnick’s new approach, which gives more opportunities for satellite terminals that are initially inexpensive, but can cost more over time. One state official shared internal data that showed satellite service costs consumers 53% more over the course of 30 years. Satellite service would also cost more than twice as much to maintain over that time frame, according the data.

Elon Musk's undodgeable firing range DOGE may already have witnessed a firing spree, with thousands of government employees out of a job overnight. But with many of them being repositories and carriers of sensitive information and US government system knowledge, headhunters not so much from Borneo but places like China and Russia could do well to go on a hiring spree. Forget those good old days of campus placements. Think of older days when KGB went to Oxbridge — and, indeed, CIA and MI6 went liaising with Soviet embassy staffers in parks — looking for disgruntled bright sparks unhappy with their country's system. Patriotism, after all, is a roti flip away from serving a cause and salary, especially when your old workplace has spat you out. LinkedIn bios should already be switching from 'National Security Strategist' to 'Spy-for-Hire: Will Work for Renminbis'.

Yet, a recession never came. Optimism grew that the US might pull off a “soft landing.” Now, those hopes are fading. Consumer expectations have plummeted to their lowest level since 2013, according to The Conference Board. Its senior economist, Stephanie Guichard, warned: “Consumers’ expectations were especially gloomy, with pessimism about future business conditions deepening.” Meanwhile, a March CNBC Fed Survey puts the probability of a US recession at 36%, up from 23% in January. J.P. Morgan’s chief economist estimates the odds at 40%. Some, like bond expert Jeffrey Gundlach, believe the chances are even higher—50% to 60%.

March 29 Solar Eclipse 2025. Weather, however, is still an essential condition that will determine whether enthusiasts in the entire northeastern United States and eastern Canada will view the partial eclipse without impediments.

Jade Cargill lost her first match post the WWE Elimination Chamber 2025 when she faced off against the Women’s Tag Team Champion Liv Morgan in Bologna last week. Her upcoming storyline hints at an intense competition with Morgan and Naomi. WWE added Cargill to their talent roster in September 2023, and she immediately established herself as a prominent figure in pro wrestling.

US Yemen airstrike details exposed in a shocking security breach that has raised global concerns. On March 15, 2025, senior US officials mistakenly included journalist Jeffrey Goldberg in a classified Signal group chat discussing Yemen airstrikes. This error has put a spotlight on the vulnerabilities within US military communications. While the UK Armed Forces Minister Luke Pollard reassures that Britain still has «high confidence» in US security measures, the breach has triggered debates about national security risks and the reliability of American intelligence-sharing with allies.

According to Downdetector, complaints began around 9 a.m. ET and spiked at approximately 1 p.m. in the UK (6:30 p.m. IST). Reports flooded in from across the East and West Coasts of the US, while users in the UK also experienced similar issues.

However, Trump Defense Secretary Pete Hegseth has denied the allegations saying no war plan was discussed. Hegseth discredited Atlantic editor-in-chief Jeffrey Goldberg who claimed that he was mistakenly added to the group where the war plans were leaked. Apart from the massive breach, which the White House has not denied, the chats — now viral — revealed the true feelings of Trump officials about Europe. ALSO READ: US recession: Jim Walker, who predicted 2008 US market crash, sounds alarm over economic turmoil

The Conference Board said its consumer confidence index plunged 7.2 points to 92.9 this month. Economists polled by Reuters had forecast the index sliding to 94.0.

Jessica Aber has left many people with unanswered questions. Jessica Aber, a former United States Attorney for the Eastern District of Virginia, was discovered dead at the age of 43 on 22 March 2025. The former US attorney was found unresponsive in her Virginia home, prompting an official investigation. Jessica Aber has received numerous tributes, as she was widely respected in the legal community.

Strategic Defense Initiative, was mocked as «Star Wars» and ultimately shelved. Now, under President Donald Trump’s directive, that idea has been reborn as the «Golden Dome.» Announced in a congressional address, Trump positioned the initiative as a critical step in bolstering national security. “As a first step, I’m asking Congress to fund a state-of-the-art ‘Golden Dome’ missile defence shield to protect our homeland. All made in the USA,” he declared. Unlike Israel’s Iron Dome, which focuses on short-range threats, the Golden Dome is designed to counter a wide range of missile attacks, including intercontinental ballistic missiles (ICBMs) and hypersonic weapons. The challenge? The sheer size of the US means covering the entire country is a vastly more complex undertaking.

In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that as on date, reciprocal tariffs have not been applied by the US on India. He said that the government continues to engage with the US to achieve enhancement and broadening of bilateral trade ties in a mutually beneficial and fair manner. “Both countries plan to negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement. Both countries would focus on increasing market access, reducing tariff and non-tariff barriers, enhancing supply chain integration and resolving bilateral trade issues,” Prasada said. In a separate reply, he said recently, the government has not taken any such steps to lift ban on import of certain prohibited and restricted products from USA, China and UK.

stagflation," as one economist put it—a concern gaining traction among analysts who question whether the U.S. economy's strong post-pandemic performance is beginning to wane. On Wednesday, the Federal Reserve painted a picture of an economy reshaped dramatically by President Donald Trump and his economic policy. It warned that tariffs could significantly dampen the economic outlook, ushering in higher inflation and slower growth. That sparked concerns about the dreaded “stagflation,” an economic curse that is hard to escape. ALSO READ: Who is Jeffrey Goldberg, the Atlantic's editor who was 'accidentally' added to top Trump officials' secret Yemen strike chats

Trump said automobile tariffs are coming soon even as he indicated that not all of his threatened levies would be imposed on April 2 and some countries may get breaks. Potential price hikes, changes in sourcing locations and new U.S. plants are among the actions planned since Trump unveiled the tariffs and threatened potentially more levies. HIGHER PRICES * Best Buy warned of the possibility of higher prices for American shoppers. «The giant wildcard obviously is how the consumers are going to react to the price increases ...,» CFO Matt Bilunas said on a call with analysts.