U.S. President Donald Trump’s on-again, off-again approach to tariffs on imports from Canada and Mexico has rattled markets while placing historic strains on relations between the United States and its two largest trading partners. Trump’s 25 percent tariffs on aluminum and steel, which took effect on Wednesday, hit Canada particularly hard, as the country is…
It’s not just the “Magnificent Seven” stocks feeling the impact of recent sell-off action. Highfliers like Netflix (NFLX), AMD (AMD), Micron (MU), Dell (DELL), and Palantir (PLTR), among others, have also been washed out in the midst of this latest market rout. Netflix stock has declined over 10% from a month ago, and some on…
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Former central bank governor Mark Carney has been selected as the successor to Canadian Prime Minister Justin Trudeau as the Liberal Party leader. He’s now slated to become the next prime minister—and likely preparing to launch an early general election campaign as Canada faces an onslaught of threats and tariffs from U.S. President Donald Trump….
By Medha Singh and Kanchana Chakravarty (Reuters) -Shares of U.S. companies were under pressure after the latest escalation in Washington’s trade war, with new tariffs on Canada and Mexico expected to hit earnings in several sectors, including automobiles, aerospace, retail and housing. Economically sensitive stocks such as airlines and banks led declines on Wall Street’s…