Usa Financial News

Canada could soon face a recession that would extend throughout the rest of the year as United States President Donald Trump’s tariff war upends economies and trade around the world, according to a new analysis by Desjardins Group.

By Susan McArthur

the Netherlands is rolling out initiatives to attract top international scientists. Education Minister Eppo Bruins (NSC) recently unveiled plans for a dedicated fund aimed at recruiting leading academics, framing the effort as urgent amid shifting global dynamics. Bruins emphasized the value of elite researchers to both Dutch and European innovation, noting that many scientists are actively seeking stable environments to continue their work.

But the positive outlook continues, with forecasts of US Federal Reserve rate cuts and persistent geopolitical tensions underpinning demand for the metal. At 08:59 a.m. ET (1259 GMT), spot prices of gold today were at $3,034.02 an ounce, down 0.3%. US gold futures were also down a bit by 0.1% to $3,040.90 an ounce, as mentioned in a report by Reuters. In spite of the slight pullback, gold is set for a third straight weekly gain, up 1.7% this week.

Kim Jong Un. Traditional allies Russia and North Korea have drawn closer since Moscow's 2022 invasion of Ukraine, with Seoul accusing Kim of sending thousands of troops and container loads of weapons to help Moscow fight Kyiv. Neither Moscow nor Pyongyang has officially confirmed the troop deployment, but the two countries signed a sweeping military deal last year, including a mutual defence clause, when Russian President Vladimir Putin made a rare visit to the nuclear-armed North. Moscow's top security official Sergei Shoigu was visiting North Korea on Friday, Russian news agency TASS reported, the latest in a recent series of high-level exchanges between North Korea and Russia. Shoigu passed on «greetings and best wishes» from Putin to Kim in a meeting with the North Korean leader.

NCAA Tournament. The match will be held on Friday, March 21. The Alabama Crimson Tide (25-8) entered the tournament aiming to make another deep run after their Final Four appearance last season. The team, however, has suffered a 104-82 loss to Florida in the SEC Tournament semi-final. This highlighted some defensive concerns for the franchise. Meanwhile, Robert Morris (26-8) had secured their spot by winning the Horizon League Tournament. They defeated Youngstown State 89-78. The Colonials will be making their ninth NCAA Tournament appearance, though they have a 2-8 record in the competition.

Melania Trump, has stepped into adulthood as he celebrated his 19th birthday on March 20. Initially, Barron largely stayed out of the public eye but gained prominence when he attended the high-profile inauguration of Donald Trump on January 20. Standing at an impressive 6-foot-7, he draws attention not only for his height but also for his reserved nature and infrequent public appearances with his family. Now a freshman at New York University, Barron is forging his own path while continuing to intrigue many.

Subscribe to enjoy similar stories. Nvidia just unveiled new AI chips that will be several times as powerful as anything on the market today, and use considerably more electricity. By 2027, a server rack stacked with its top-of-the-line chips will use five times the power of today’s machines, Nvidia CEO Jensen Huang told a jam-packed audience at a California conference this week.

Subscribe to enjoy similar stories. Attempts to build a global auto empire hark back to the 1910s and 1920s, when Henry Ford set up factories in Britain and Germany for the Model T, and General Motors responded by buying foreign carmakers. A century later, this ambition remains at risk of being run off the road.

Formula 1 returns to Shanghai for the Chinese Grand Prix this Sunday, the second race of the 2025 season. The 2025 Chinese Grand Prix will be broadcast in the United States on ESPN. Viewers in other countries can check their local listings for coverage.

Jim O'Neill, Former Economist, Goldman Sachs, says for the rest of this decade, it is quite likely that US equity markets are going to underperform much of the rest of the world. A more positive way to put it is, the rest of the world which was very cheap, particularly Europe and to some degree China, is probably going to outperform the US and of course that has already been the case in the short two-and-a-half months of 2025 so far. While the period between now and April 2nd will probably see some near-term recovery of the dollar, O’Neill does not think that the combination of what the US is trying to do is at all good for the sustainability of the dollar and he thinks this time next year, the dollar will be a bit weaker against major currencies around the world. We are talking at a time when nobody knows what is coming. All we know is that American markets have reversed and there are fears of a genuine slowdown in the United States. Investors are moving out of the long dollar trade. What is the big headline of March 2025 for financial markets? Jim O'Neill: As I have discussed with you in December, you have to be very careful of a very strong consensus when some of the underlying factors are not so clear-cut and I was quite sceptical on the immediate euphoria of Trump being elected as this was going to further accentuate so-called American exceptionalism and the reality that we have seen over the first 60 to 70 days the US is not exceptional.

Hangor-class submarine to Pakistan, strengthening their long-standing military alliance. The submarine, launched in Wuhan, China, is part of a $5 billion deal for eight such vessels, aimed at enhancing Pakistan’s naval prowess in the Arabian Sea and the Indian Ocean. Armed with cutting-edge weaponry and sensor technology, the Hangor-class submarines signify a shift in regional maritime security dynamics. This naval cooperation aligns with China’s expanding strategic influence, particularly around Pakistan’s Gwadar port in Balochistan, a linchpin of the China-Pakistan Economic Corridor (CPEC). Beijing’s support to Islamabad extends beyond submarines—Pakistan has also received advanced naval frigates, reconnaissance drones, and fighter jets from its closest ally.

Subscribe to enjoy similar stories. A journalistic investigation into the murder of Gauri Lankesh in September 2017 and the many questions that swirled around it, which doubles up as a frank but sensitive biography of the journalist and activist. A portrait of the city of Bengaluru, warts and all, painted as only someone who loves the city can.

Donald Trump announced on Friday that individuals caught damaging Tesla vehicles could face imprisonment for up to twenty years. He shared this information through a post on Truth Social. Trump's Truth Social post stated, «People that get caught sabotaging Teslas will stand a very good chance of going to jail for up to twenty years, and that includes the funders. WE ARE LOOKING FOR YOU!!!» This announcement follows US Attorney General Pam Bondi's declaration that recent aggressive attacks on Tesla property constitute domestic terrorism. She promised thorough investigations with strict penalties for all participants, including those who organise and finance these activities. Bondi declared, «The swarm of violent attacks on Tesla property is nothing short of domestic terrorism. The Department of Justice has already charged several perpetrators with that in mind, including in cases that involve charges with five-year mandatory minimum sentences.»

«At least 8,938 people died on migration routes worldwide in 2024,» the fifth year that numbers have reached record highs, the UN's migration agency said. «The tragedy of the growing number of migrant deaths worldwide is both unacceptable and preventable,» said Ugochi Daniels, the deputy director of the International Organization for Migration (IOM). «Behind every number is a human being, someone for whom the loss is devastating,» Daniels said. «The actual number of migrant deaths and disappearances is likely much higher, as many have gone undocumented because of the dearth of official sources,» the IOM said.

Bitcoin and major cryptocurrencies declined on Friday as escalating geopolitical tensions and concerns over US tariffs dampened investor appetite for risk. Global policymakers struck a cautious tone amid central bank meetings this week, highlighting economic and political uncertainty. The US Federal Reserve, Bank of Japan, and Bank of England all kept interest rates unchanged, citing trade tensions and inflation risks.

Greenland's glittering blue icebergs, says his bank has told him to expand ahead of an expected influx of tourists after US President Donald Trump put the island in the global spotlight. Trump's comments, coupled with the opening of a new international airport in the capital Nuuk, have already boosted arrivals and more are expected. «Already now, we are getting many more bookings than we have received earlier, especially because of a man with the last name of Trump. He has really put Greenland on the map once again,» Knudsen-Ostermann, operator of Greenland Cruises, said, standing on the dock of an ice-packed harbour. Greenland became the focus of international attention in January when Trump's son, Donald Trump Jr., arrived at the newly opened Nuuk airport. Since then, the U.S. president has doubled down on his pledge to make the Arctic island part of the United States, as he eyes its vast wealth of rare earth minerals critical for high-tech industries.

Taking to LinkedIn, Elliot Rosenberg shared how a daring move he made 12 years ago changed his life for the better. He explained that while most personal finance experts emphasize strategies such as budgeting expenses, making long-term investments, and establishing multiple income streams to achieve financial independence and early retirement, he recognized a significant challenge: the high cost of living in America. Although inflation played a role in rising expenses, he believed that the real issue lay in “lifestyle creep.” In many social circles, there seemed to be an unspoken expectation to maintain a costly social life—frequenting upscale restaurants, purchasing event tickets, indulging in shopping sprees, or joining expensive recreational clubs. The pressure to sustain these expenditures often dictated friendships and social acceptance.

Subscribe to enjoy similar stories. Shares of steel producers such as SAIL Ltd, Tata Steel Ltd, and JSW Steel Ltd are in focus after the Directorate General of Trade Remedies (DGTR) recommended a safeguard duty on steel imports amid rising global protectionism. The DGTR’s proposal, submitted to the finance ministry, suggests a 12% duty on most steel grades for 200 days, with exemptions for imports priced above $675 per tonne for hot-rolled coil (HRC), $824 per tonne for cold-rolled coil (CRC), and $964 per tonne for coated steel.

The BSE Sensex climbed 665 points, or 0.87%, to 77,013, while the Nifty50 advanced 196 points, or 0.85%, to 23,387 as of 12:20 pm. The Nifty has risen in each of the previous four sessions, marking its longest daily winning streak in about seven weeks. Including Friday's gains, it is now up by about 4% this week, on track for its best week since July 2022.