The takeover of United States Steel by Japan’s Nippon Steel is in limbo following opposition from both Republicans and Democrats. U.S. Steel’s history stretches back to the 19th century and includes names such as Andrew Carnegie and J.P. Morgan. U.S. Steel is now just the world’s 27th-largest steel company based on steel output, after falling from 12th largest a decade ago.
'Momentum in the Canadian economy appears to have faded quickly'
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(Bloomberg) -- The cocoa market was whipsawed by extreme volatility in the futures market on Tuesday amid a lack of liquidity.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance and CZ’s Fortunes Are Set to Grow, Even in JailWall Street Hit by Fed Jitters to Close Wild April: Markets WrapTesla Soars on Tentative China Approval for Driving SystemPot Stocks Surge on Report DEA Set to Reclassify MarijuanaAfter more than doubling this year, futures traded in Ne
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Too wide a spread between interest rates here and in the U.S. could hurt the Canadian dollar and reignite inflation
"We expect, in any case, that the Fed's communications after the FOMC meeting this week will have a uniformly hawkish tone," Macquarie said.
The former U.S. president and Republican presidential candidate secured 36 million shares of Trump Media & Technology Group (TMTG), increasing his stake from 57.6% as of March. Reuters reported last week that Trump would secure a stock bonus worth $1.3 billion from TMTG, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The bonus also reflects the exuberant trading in TMTG's shares, which have been on a roller coaster ride since the company listed on Nasdaq last month through a merger with a special purpose acquisition company (SPAC) and was snapped up by Trump supporters and speculators.
There are five major events to watch for this week, highlighted by a Fed meeting and the April jobs report.
Artificial intelligence stocks have been on a roll for the past few months, mostly driving the market rally. Nvidia delivered record-breaking earnings on Feb. 21, with revenue rising to a staggering...
In this article, we discuss the 20 Countries That Produce the Most Gold in the World. If you want to skip our discussion of the gold industry, go directly to 5 Countries That Produce the Most Gold in the World. Gold has been extremely valuable for ages. According to experts, about 209,000 tons of gold […]
The EV maker's CEO met with Chinese Premier Li Qiang over the weekend and won approval to unlock self-driving features.
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Experts say it’s a decision that requires careful consideration.
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Michael O'Leary says that if football players and their managers can get paid in the multi-millions, why not him?
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The Canadian dollar edged up to a near three-week high against its U.S. counterpart on Monday as risk sentiment improved and ahead of monthly GDP data this week that could offer clues on the strength of the domestic economy. The loonie was trading 0.1% higher at 1.3656 to the U.S. dollar, or 73.23 U.S. cents, after earlier touching its strongest level since April 10 at 1.3632. "It has been a somewhat quiet start to the week, with firmer equity and bond markets underpinning risk sentiment and weighing on the USD more broadly," said George Davis, chief technical strategist at RBC Capital Markets.
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