Usa Financial News

Subscribe to enjoy similar stories. Canadians have long been the top international travelers to the U.S. Now, they are staying home.

bilateral trade agreement, people familiar with the matter said. Brendan Lynch, US assistant trade representative for South and Central Asia, and a team of officials will visit India from March 25-29 as part of ongoing trade discussions, the US embassy in New Delhi said in a statement Monday. Officials in New Delhi are expected to make the case for a reprieve from reciprocal tariffs, which are scheduled to take effect on April 2, people familiar with the matter said, asking not to be identified because the discussions are private. The two sides are expected to discuss a framework for a bilateral trade deal, after which formal negotiations would start, they said. Aside from trade officials, Lynch is also likely to meet Vikram Misri, India’s foreign secretary, during the visit, one of the people said. “We look forward to productive and constructive discussions with the incoming US delegation to expand and deepen our bilateral trade and economic ties in a mutually beneficial manner,” India’s Ministry of Commerce and Industry said in a statement.

Donald Trump on Monday doubled down on his suggestion that the U.S. should take over Greenland as leaders from the semi-autonomous Danish territory criticized a planned trip there this week by a high-profile U.S. delegation. «I think Greenland is going to be something that maybe is in our future,» Trump told reporters after a meeting with officials in his cabinet, saying it was important for U.S. national security. Greenland's outgoing Prime Minister Mute Egede called plans by the U.S. delegation to visit an American military base and attend a dog sled race a «provocation», and said his caretaker government would not meet with the group. Trump said his administration was working with «people in Greenland» who want something to happen, but did not elaborate. «They're calling us,» he said. «We're not calling them.»

Bipartisan Policy Center. That deadline, known as the «X-date» — the moment when the United States is unable to meet its financial obligations and might default on its debt — is a fiscal milestone that's among the most closely watched in Washington and on Wall Street. The date is subject to considerable uncertainty. It relies on estimates of how much wiggle room the Treasury has to use accounting maneuvers — known as «extraordinary measures» — to keep paying the government's bills by shifting money around. The Bipartisan Policy Center, a think tank, provided estimates suggesting that the X-date could come as late as the beginning of October. Efforts to address the debt limit will likely consume Congress and the Trump administration later this year as Republicans race to enact trillions of dollars of tax cuts. The debt limit is a cap on the total amount of money that the United States is authorized to borrow to fund the government and meet its financial obligations.

Louis DeJoy, who led efforts to restructure the money-losing U.S. Postal Service for nearly five years, has resigned effective immediately, the agency said on Monday. DeJoy, a former logistics executive and major Republican political donor who took over in 2020, had clashed with lawmakers over reforms at the agency that has lost more than $100 billion since 2007.

Donald Trump has suggested the United States should take control over the self-governing, mineral-rich territory of American ally Denmark. Vance will leave on Thursday and return Saturday, according to her office. Vance and one of her three children will be part of a U.S. delegation that will «visit historic sites» and «learn about Greenlandic heritage.» Media outlets in Greenland and Denmark reported that Vance would be accompanied by Trump's national security adviser, Mike Waltz. The White House and the National Security Council did not immediately respond to requests for comment. Trump had mused during his first term about buying the world's largest island, even as Denmark, a NATO ally, insisted it wasn't for sale. The people of Greenland also have firmly rejected Trump's plans. Vice President JD Vance said Sunday that Trump «doesn't care» what the Europeans think.

Donald Trump at the White House on Monday. The investment includes a new $5.8 billion Hyundai Steel plant in Louisiana that will produce over 2.7 million metric tons of steel annually, creating more than 1,400 jobs. The steel plant is expected to supply steel to auto plants in Alabama and Georgia. Of the total, Hyundai also plans to invest $9 billion by 2028 to boost U.S. production capacity to 1.2 million vehicles in the United States and $6 billion to expand strategic partnerships with U.S. companies in autonomous driving, robotics, artificial intelligence, and advanced air mobility, the company said. Hyundai Motor plans to hold an opening ceremony for its new $7.59 billion car and battery factory in Georgia on Wednesday. The automaker has a factory in Alabama, while its affiliate Kia has a plant in Georgia. The two older plants can produce 700,000 vehicles a year and the new Georgia plant will have a 300,000-vehicle production capacity when fully operational. Louisiana Governor Jeff Landry had travelled to South Korea in October and met with Hyundai to discuss the investment plan.

U.S. appeals court judge said on Monday that Nazis were given more rights to contest their removal from the United States during World War Two than Venezuelan migrants deported by the Trump administration. In a contentious hearing, U.S. Circuit Judge Patricia Millett questioned government lawyer Drew Ensign on whether Venezuelans targeted for removal under a little-used 18th-century law had time to contest the Trump administration's assertion that they were members of the Tren de Aragua gang before they were put on planes and deported to El Salvador. «Nazis got better treatment under the Alien Enemies Act than has happened here,» Millett said, to which Ensign responded, «We certainly dispute the Nazi analogy.» Prior to the Trump administration's invocation of the 1798 Alien Enemies Act, the law had been used three times in U.S. history, most recently to intern and remove Japanese, German and Italian immigrants during World War Two. The Trump administration was asking the appeals court to halt Washington-based U.S. District Judge James Boasberg's two-week ban, imposed on March 15, on the use of the law to justify deportation of alleged Tren de Aragua members without final removal orders from immigration judges.

Asian stocks rose early Tuesday after US equities enjoyed one of their best sessions of the year, fueled by signs that President Donald Trump’s trade sanctions will be narrower than feared. Indexes in Australia and Japan advanced after Wall Street’s risk-on bid lifted shares of nearly all stripes in a rebound from a sharp selloff that has challenged the notion of US exceptionalism. The Nasdaq 100 added 2.2%. Hong Kong stocks were poised to drop at the open. Treasuries were little changed in Asian trading following a nine basis point climb in the 10-year yield to 4.33% on Monday.

foreign selling. The rebound on the heels of a prolonged period of gloom has helped the main indices erase all their 2025 losses. The rupee advanced to 85.63, its strongest this year against the dollar, rising for the ninth day in a row. The NSE Nifty rose 307.95 points or 1.32% to close at 23,658.35. The BSE Sensex rose 1,078.87 points or 1.4% to end at 77,984.38. Both indices are up 5.1% in the six trading sessions. «Monday's upside was due to a combination of short covering, and expectations of some relaxation or less punitive tariffs which were supposed to be implemented on April 2,» said Pankaj Pandey, head of retail research at ICICI Direct.

Emma Raducanu had nothing but kind words for her opponent McCartney Kessler after the American tennis star was forced to retire from the Miami Open. Kessler stepped back from the game after she sustained an injury in the second set. Kessler’s decision meant that Emma made it through to the tournament’s round of 16. The British tennis player will compete against world No. 6 Amanda Anisimova on Monday, March 24.

Apple, Tesla and Ford Motor are among companies contributing the most to recently lowered estimates for the quarter, along with some insurers, whose projections have been hurt by fires in California early this year, according to Tajinder Dhillon, senior research analyst at LSEG. S&P 500 forecasts for the first quarter of 2025 have fallen by 4.5 percentage points since January 1, the largest downward revision since the fourth quarter of 2023, he said. Earnings growth for S&P 500 companies is now seen at 7.7% year-over-year, which would be the lowest since 2023's third quarter and a big decline from 17.1% in the fourth quarter of 2024, based on Friday's LSEG data. While a handful of companies have already reported on the quarter, the unofficial start of the first-quarter season is still weeks away.

Kat Abughazaleh announced her candidacy for Illinois’ 9th Congressional District. She has challenged long-time Democratic incumbent Jan Schakowsky in what could be the district’s first competitive primary since 1998. Abughazaleh, aged 26, is a freelance content creator with no prior experience in politics. She does not currently live in the district and has been in Illinois for less than a year, stated the media reports. However, she is determined to disrupt the status quo. As per a Rolling Stone report, she cited frustration with the Democratic Party’s response to the challenges of everyday Americans. Kat said that the public is in an emergency and that the only way to fight authoritarianism is to be loud, and proud every single day.

Mark Carney and Conservative leader Pierre Poilievre, as per reports. A new poll finds who might win to tackle issues the country is facing with the US president Donald Trump.

Jeffrey Goldberg revealed that he was inadvertently included in a Signal messaging group wherein discussion of US military strikes on Yemen’s Houthi rebels was underway. The messages, Goldberg said, were exchanged between top officials of the Trump administration and outlined the plans for March 15 attacks. Goldberg detailed the incident in an article titled The Trump Administration Accidentally Texted Me Its War Plans. In the report, published on Monday, he disclosed that National Security Adviser Mike Waltz invited him to join a Signal group named Houthi PC small group on March 13—just two days before the strikes took place. As per the report in The Atlantic, initially skeptical, Goldberg suspected that the group was part of a disinformation campaign. He stated that he had strong doubts about the legitimacy of the texts in the group because he could not believe that national security leadership of the US would communicate on Signal about imminent war plans. However, the journalist was soon convinced of its authenticity. He saw real-time discussions involving senior officials of the Trump administration, including Vice President JD Vance and Defence Secretary Pete Hegseth.

India-US Bilateral Trade Agreement (BTA) will primarily focus on duty concessions on goods and New Delhi is hopeful of the pact bringing predictability in tariffs, regulations and investment climate, officials said on Monday. Assistant US Trade Representative for South and Central Asia Brendan Lynch is in New Delhi starting Tuesday for three days of negotiations on the proposed trade deal. His visit comes ahead of the April 2 deadline for likely imposition of reciprocal tariffs on all countries, including India, by the Trump administration. The proposed India-US trade pact is likely to be finalised in two tranches with the first phase expected to focus on issues concerning bilateral goods trade, though full clarity on the issue will emerge by the end of this week, the officials said. They added that both sides are expected to finalise the contours, schedule of negotiations, and terms of reference of the proposed BTA during Lynch's visit. The first tranche of the deal is targeted for completion by Fall of 2025. India said it is looking forward to «productive and constructive discussions» with the incoming US delegation to «expand and deepen our bilateral trade and economic ties in a mutually beneficial manner».

Ukraine. The war correspondent for Russia's main pro-Kremlin newspaper Izvestia was killed in Kharkiv region on Monday, the outlet announced. «Izvestia correspondent Alexander Fedorchak was killed in the zone of the special military operation,» Izvestia said, using Moscow's term for its full-scale offensive in Ukraine, adding that he was killed «in the Kharkiv region». Fedorchak was killed as both Russia and Ukraine held talks with the United States on a potential partial ceasefire. The newspaper said that its correspondent died «in the Kupyansk direction» — a city that has been under intense Russian attack and where Russian forces have been advancing. «His last report was broadcast literally the day before,» Izvestia said on its website.

Flight delays and cancellations are usually met with frustration, but one pilot’s refusal to take off from Los Angeles International Airport (LAX) left passengers not only understanding but actually applauding his decision. His reason? A gut instinct that something just wasn’t right—despite experts giving the green light.