64 h. ago Port of LA imports drop 19% in May as tariffs hit U.S. businesses

Exports through Los Angeles fell to just over 120,000 containers, marking the sixth straight month of year-on-year declines

Economics

2 d. ago Roots not seeing ‘pullback’ in consumer spending as retailer reports $7.9M Q1 loss

TORONTO — Consumers grappling with a global tariff war have yet to drop Roots Corp. from their shopping trips, the apparel retailer’s CEO said Friday, as the company reported a $7.9 million loss. “We haven’t seen any weakening and no pullback,” Meghan Roach told analysts who asked her whether consumer confidence has been lagging or […]

Economics

5 d. ago EU Proposes Cutting Oil Price Cap to $45 to Hit Russian Revenue

The European Union proposed banning the Nord Stream pipelines and cutting the Group of Seven oil price cap to $45 as part of a new sanctions package that aims to increase pressure on Moscow to end its war against Ukraine.

Economics

6 d. ago Tesla hit with a pair of downgrades amid fallout from Trump feud

(Bloomberg) — Tesla Inc. was hit with a pair of downgrades on Monday, underscoring mounting concerns on Wall Street about the electric-vehicle maker’s outlook following last week’s clash between Chief Executive Elon Musk and President Donald Trump. Both Argus Research and Baird cut the stock to the equivalent of hold ratings, cementing Tesla’s reputation as […]

Other

7 d. ago Canada Plans to Hike Defense Spending to Hit NATO Target, Globe Says

Prime Minister Mark Carney is set to announce a large increase in defense spending which would allow Canada to meet NATO’s target this fiscal year, according to The Globe and Mail.

Events

1 week ago Japan’s Early May Exports Drop as Tariff War Disrupts Commerce

Japan’s exports fell in the first 20 days of May as the Trump administration’s sweeping tariffs continued to disrupt trade.

Economics

1 week ago Japan’s Early May Exports Drop as Tariff War Upends Commerce

Japan’s exports fell in the first 20 days of May as the Trump administration’s sweeping tariffs continued to disrupt trade.

Economics

1 week ago Canada marks record high trade deficit in April, Statistics Canada reports

Statistics Canada reports the trade deficit in April hit a record high at $7.1 billion, following a $2.3 billion reading in March amid U.S. tariffs and a drop in exports.

Economics

2 w. ago US Consumers Hit the Brakes While Goods Imports Sink by a Record

US consumers hit the brakes in April while goods imports plummeted by a record as companies adjusted to higher tariffs.

Economics

2 w. ago Korean Stocks Hit New Highs as Gainers Diversify Beyond Chips

More South Korean stocks are hitting their 52-week high than at any other point in recent years, reflecting hopes for corporate reform and diversification in the market’s gainers beyond semiconductor heavyweights.

Economics

2 w. ago Dollar Steadies, Treasuries Drop as Trump Faces Tariff Setback

A gauge of the dollar briefly rose to a more than one-week high and Treasuries fell as investors reacted to news that the vast majority of President Donald Trump’s global tariffs were deemed illegal by the US trade court.

Economics

2 w. ago Toyota Sales Hit Second Monthly Record on US Demand, Tariff Rush

Toyota Motor Corp.’s sales hit a record for the second month in a row as a strong showing in the US and Japan was boosted by customers making last-minute purchases before President Donald Trump’s tariffs took effect.

Economics

2 w. ago BMO reports rise in profit even as companies remain hesitant on borrowing

TORONTO — BMO Financial Group’s second-quarter profit rose from a year ago even as its Canadian banking and capital markets divisions saw income drop from tariff-related uncertainty. The bank on Wednesday reported a net income of $1.96 billion, up from $1.87 billion for the same quarter last year, with the biggest boost coming from lower […]

Economics

2 w. ago Hit Hong Kong Movie ‘Four Trails’ in Talks Over Worldwide Distribution

The 101-minute documentary about a grueling trail race in Hong Kong has drawn accolades.

Other

3 w. ago ECB’s Guindos Sees Price Target Hit Sooner Rather Than Later

The European Central Bank isn’t far from achieving its 2% inflation target, helped by a stronger euro and falling energy costs, according to Vice President Luis de Guindos.

Economics

3 w. ago Airwallex Raises $300 Million at a $6.2 Billion Valuation to Build the Future of Global Banking

On track to hit $1 billion in annualized revenue in 2025, as businesses of all sizes look to expand globally without friction Grows gross profit in Americas and Europe at a 4-year CAGR of more than 250% Series F investors include: Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and Visa Ventures […]

Economics