Business
Business and money stories with clear, human context.
Canada Announces $20 Billion in Retaliatory Tariffs on US Goods, Effective September 8
Ottawa is matching Washington "dollar for dollar, rate for rate" on more than 700 products, including doubling tariffs on American steel and aluminum, alongside a C$7.5 billion support package for affected businesses and workers.
All Eyes on Kevin Warsh as He Prepares His First Jackson Hole Speech as Fed Chair
Markets are looking to Friday's keynote for clarity on how the new Fed chair plans to handle inflation still running above target, with roughly one-in-three odds priced in for a September rate hike.
US Reopens Arizona Border Crossing to Mexican Cattle, But Economists Doubt It Will Lower Beef Prices
The Douglas, Arizona crossing reopened Monday after a screwworm-driven closure, but economists say rebuilding herds and import flows will take months to years, not weeks.
Nvidia Warns Biggest Customers of AI Server Price Hikes Above 15% as Memory Costs Soar
Microsoft, Google and Oracle have reportedly been notified of the increases on Vera Rubin and Grace Blackwell systems, driven by a surging DRAM market some are calling "RAMageddon."
US Treasury Doubles Bond Buybacks as Long-Term Yields Hit Their Highest Since 2007
Scott Bessent's department is boosting buybacks of 10-to-30-year debt to $4 billion per operation after weak demand at a recent 20-year auction. Critics call it "debt reshuffling, not debt reduction."
Gold Hits New Highs as August Rally Adds Nearly $5 Trillion in Value
Gold is up roughly 15% this month, breaching $4,600 an ounce, as a weaker dollar, heavy central bank buying and a bigger U.S. Treasury bond buyback program send investors toward the safe-haven metal.