Economy

Canadian Prime Minister Justin Trudeau recently traveled to Mar-a-Lago, Florida to meet with US President-elect Donald Trump, aiming to address trade tensions and strengthen bilateral relations. Despite previous friction between the two leaders, Trudeau remains engaged in collaborative discussions, hoping to protect Canadian industries and consumers from potentially disruptive U.S. trade policies. During the meeting, Trudeau sought to address concerns about Trump's proposed 25% tariffs on imports from Canada and Mexico, a move Trump said would curb drug trafficking and unauthorized immigration across the borders of the United States. However, Canadian officials argue that their country's situation differs significantly from…

With Donald Trump poised to return to the White House and Republicans securing control of Congress, the GOP is laying the groundwork for a bold 100-day plan to implement its policy priorities. The proposed agenda aims to overhaul taxes, reduce government spending, reverse Biden-era green energy initiatives and push for stricter immigration enforcement. One of the key plans is the reassessment of the expiring $4 trillion fiscal package from Trump's first term, a policy centerpiece that defined his previous administration. The renewed focus on tax reform underscores the party's intent to shape economic policy, even amid growing federal deficits and…

Anthony Edwards, known for his fearless demeanor on and off the court, didn't hold back after the Minnesota Timberwolves suffered a 115-104 loss to the Sacramento Kings. The young star, now in his fifth NBA season, offered a blunt criticism of his team's performances, pointing to internal problems as the root of their recent decline. “We are soft (heck) as a team, but not in the way we deal with opponents – internally we are soft,” Edwards said. “We don't communicate, we act like a bunch of kids. This is the reality and if we don't face it, we will…

The Kremlin has rejected the idea of ​​the United States forcing other nations to rely on the dollar, warning that such actions could be counterproductive. This statement follows remarks by US President-elect Donald Trump, who suggested imposing economic sanctions on BRICS countries if they pursue alternatives to the dollar or attempt to create a shared currency. Over the weekend, Trump expressed concern about BRICS countries – initially Brazil, Russia, India and China, later expanded to include other nations – potentially adopting a unified currency or diverging from the US dollar in international trade. He warned that any move in this…

A red hat reading “Keep America Great” perched on a Christmas tree during a rally in Michigan in December 2019 symbolized the intersection of politics and culture in the United States. Four years later, the 2024 presidential election has once again drawn a sharp line through consumer sentiment, reflecting the confidence – or concerns – of voters as the holiday shopping season begins. Black Friday, the unofficial start of the holiday shopping season, is taking on a new tone this year as political divisions creep into consumer behavior. CNBC spoke to shoppers across the country, including Texas, Michigan, New Jersey,…

Scott Bessent, founder and CEO of Key Square Group LP, has been tapped by President-elect Donald Trump for the crucial role of Treasury secretary. The news has already sparked optimism in financial markets, with stock futures rising and Treasury yields falling early Monday. This reaction followed Friday's announcement that Trump intended to name Bessent, a seasoned Wall Street figure, as his administration's top economic policymaker. The appointment sends a clear signal of Trump's commitment to putting someone with extensive market experience and a shared economic philosophy at the helm of the Treasury Department. Analysts widely praised the decision, noting that…

US-China economic relations are facing new uncertainties after President-elect Donald Trump announced plans to impose an additional 10% tariff on all Chinese imports. The announcement, made on its social media platform Truth Social, signals a significant escalation in trade tensions between the world's two largest economies. Trump's statement came shortly after he revealed his intention to enact a 25% tariff on all imports from Mexico and Canada as one of his first executive actions on Jan. 20, the day he took office. This move is expected to effectively dismantle the existing regional free trade agreement between the three nations. Trump…

Liverpool produced a commanding performance against Real Madrid in the Champions League on Wednesday, leaving Carlo Ancelotti's side reeling. Among those under most scrutiny was Kylian Mbappe, whose disappointing performance, capped by a missed penalty, added to an already challenging start to his time at the Spanish club. With Vinicius Junior unavailable due to injury, the stage seemed set for Mbappe to shine and cement his place as the cornerstone of Real Madrid's attack. Instead, the French striker faltered, failing to take advantage of key opportunities and struggling to establish himself against an energetic Liverpool side. Mbappe's frustration was evident…

Databricks, one of the world's most valuable private technology companies, is raising billions of dollars in new funding as it chooses to delay its long-awaited public offering, sources familiar with the matter told CNBC. The San Francisco-based company is reportedly securing at least $5 billion in its latest funding round, with the potential to raise as much as $8 billion as discussions progress. This new round would push Databricks' valuation to $55 billion, making it one of the most valuable private technology companies globally. The funding round, according to insiders, is partly designed to allow employees to sell shares, easing…

Mexican President Claudia Sheinbaum has expressed willingness to engage in dialogue with U.S. President-elect Donald Trump, but made clear that any unilateral trade measures imposed by his administration will be met with reciprocal action by Mexico. In a letter he plans to send to Trump, Sheinbaum stressed the need for cooperation and mutual understanding, cautioning against addressing complex issues such as migration and drug trafficking through threats or punitive tariffs. “It is not through threats or unilateral measures that we can address immigration or drug use in the United States,” Sheinbaum said in his letter. However, he added that if…