Business

U.S. households probably experienced slightly less overall inflation last month, a reprieve that economists view as temporary in the wake of U.S. President Donald Trump’s tariff tsunami.

Deals in leveraged finance have stalled, and markets have been upended, raising the possibility that banks might once again get stuck with debt they’ve committed for acquisitions.

From the moment U.S. President Donald Trump unveiled his sweeping tariffs Wednesday through the ensuing market mayhem the following day, Treasury Secretary Scott Bessent’s phone lit up with text messages from executives tied to his former industry.

China investors are bracing for a grim Monday as the nation’s markets return from an extended weekend and factor in its retaliation to U.S. tariffs.

President Donald Trump said the US is “bringing back jobs and businesses like never before,” according to a post on his social media platform Truth Social on Saturday.

Hudson’s Bay insiders, including its head honcho Richard Baker, have until the end of Monday to declare whether they’re interested in making a bid for any of the ailing company’s assets or leases.

U.S. President Donald Trump’s 10% baseline tariffs on U.S. trading partners around the world came into effect on Saturday as he plowed ahead with his strategy to encourage domestic investment by companies eager to avoid import taxes. 

U.K. automaker Jaguar Land Rover is pausing shipments of its cars to the U.S. following the introduction of tariffs by Donald Trump’s government.

Key OPEC+ nations reiterated the need for members to stick to oil output quotas after the group’s surprise decision to speed up an output revival battered crude prices.

President Donald Trump has vowed his historic tariff blitz would revive domestic manufacturing, but industry worries about his approach are raising fresh doubts about whether he can deliver on his promise of an economic boom.

China retaliated against Donald Trump’s latest tariffs with levies on all American goods as well as export controls on rare earths, in what state media termed “resolute measures” to safeguard the world’s number two economy. 

Iran’s rial currency traded Saturday at a record low against the U.S. dollar as the country returned to work after a long holiday, costing over one million rials for a single greenback as tensions between Tehran and Washington likely will push it even lower.

Canadians and Mexicans are aligned in their unfavourable view of U.S. President Donald Trump and his tariffs -- with both countries in favour of fighting back with a dollar-for-dollar response in levies against the United States, according to a new survey conducted by Leger.

Experts say U.S. tariffs on Canadian auto imports will drive prices higher for both new and used cars.

U.S. Federal Reserve Chair Jerome Powell made clear the U.S. central bank won’t rush to react to sweeping Trump administration tariffs, or to the financial market turmoil that has ensued amid fears of a global economic downturn.