Canada Allows Import of 49,000 EVs From China
Trump administration officials said Friday that Canada would regret allowing China to import up to 49,000 Chinese EVs and ban them from the US. “I think they’ll look back at this decision and surely regret it to bring Chinese cars into their market,” U.S. Transportation Secretary Sean Duffy said at a Ford plant event in…
Loan Growth Boost US Banking Profits
Increased demand from borrowers in the fourth quarter bolstered U.S. banking companies’ profits, indicating a strong economy and promising future revenues. On Wednesday, Bank of America (BAC.N) announced an 8% increase in average loans and a record $15.9 billion in net interest income, the difference between loan earnings and deposit payments. Average loans rose 9%…
Banks Stock Drop Despite Energy And Oil Soar High
U.S. stocks fell on Wednesday, led by the Nasdaq, with technology shares falling as investors shifted to defensive positions and bank stocks extending losses after mixed quarterly results. After missing fourth-quarter profit projections, Wells Fargo (WFC.N) shares fell 4.6%, as did the S&P 500 bank index (.SPXBK). Even though Citigroup (C.N) and Bank of America…
President Donald Trump’s Plan To Invest Billion In Venezuela
President Donald Trump’s administration may indict Federal Reserve Chair Jerome Powell for comments about a building repair project, which Powell called a “pretext” for influencing interest rate cuts. U.S. President Donald Trump suggested he may visit Iranian leaders amid a harsh crackdown on rallies as he considers military options. According to ROI Energy Columnist Ron…
Unemployment Rate Drop, But Inflation Keep Following
The U.S. Labor Department said Friday that the unemployment rate fell to 4.4% from 4.5% in November, despite companies adding 50,000 positions. Powell led the Fed to lower its benchmark overnight interest rate by three quarters of a percentage point last year to keep the job market from softening, even though his more hawkish colleagues…
Swiss are gaining more inflation pressure
The minutes of the Swiss National Bank’s latest rate-setting meeting, released Thursday, show officials expect inflation to rise gradually, helping them avoid reducing or raising rates. As expected, the SNB maintained its 0% policy rate on December 11, the lowest among major central banks.Despite falling inflation, the central bank said its long-term estimates were in…
Bank Start to Gain Massively in Q4
The fourth quarter shaped up to be a perfect recipe in the consecutive buildup for investment banking revenues. “an improving IPO calendar, to a surge in M&A activity, to continued elevated trading activity across commodities, fixed income and equities,” boosted earnings. According to Dealogic data, global investment banking income surged 15% to approximately $103 billion,…
AI Will Lead Market Trade This Years
Several analysts expect global investors to explore opportunities in cheap financial markets this year as concerns over an AI bubble lead traders to look beyond highly valued technology equities. In April 2025, President Donald Trump’s sweeping tariffs sent U.S. stocks down to near bear market territory before returning to historic highs. Analysts expect the rising…