Canada is imposing up to 50% tariffs on over 700 U.S. products after trade negotiations collapsed, mirroring recent U.S. tariffs.

Canada announced plans for retaliatory tariffs ranging from 15% to 50% on more than 700 American goods, a day after President Donald Trump threatened to raise tariffs on Canadian cars and auto parts to 50%.

Canada announces retaliatory tariffs up to 50% on $20B in U.S. goods. 'The Big Money Show' panel analyzes the trade tensions and Doug Ford's reaction.

"For each product, our tariff would match the American tariff on the same type of Canadian goods,” said Canadian Finance Minister François-Philippe Champagne.

Wall Street's main indexes opened ​higher on Tuesday as ‌technology stocks recovered from the previous session's ​selloff ahead ​of AI heavyweight Nvidia's results ⁠and an ​inflation report key to ​shaping interest rate expectations.

Plus, Canada’s Mark Carney puts his trade doctrine to the test, and a billionaire’s seafood shack sparks a fight with Montauk locals.

Key Takeaways After a spate of recent deals, Nvidia faces pressure to defend its efforts around helping clients and partners finance their investments in AI.Analysts have also said they’ll listening for insights about Nvidia’s product roadmap,

The stock market doesn’t look to be particularly excited about Nvidia’s coming earnings report despite the end of a seven-day losing streak Tuesday. That could be just what the chip maker needs to finally get some momentum.

Oil fell Wednesday, as investors continue to assess the U.S. pivot toward economic sanctions rather than military strikes to add pressure on Iran.

Oil prices fell in early trading, with Brent crude below $90 a barrel, despite U.S. plans to tighten economic pressure on Iran.

What matters more for oil prices is how hard U.S. sanctions hit China, Iran’s biggest oil buyer, and whether Beijing pushes back.

Long queues formed at petrol stations in Tehran on Tuesday after the United States announced fresh sanctions aimed at pressuring Iran into submission.The government has attributed the violence to

The annual inflation rate stood at 3.5% in July, the Australian Bureau of Statistics said Wednesday. Economists had expected inflation of 3.3%. The data comes amid repeated warnings from the RBA that inflation remains too high and that risks remain pointed upward.

Australian mortgage holders are bracing for the possibility of another interest rate rise after July inflation came in higher than forecast at 3.5 per cent. Australian Bureau of Statistics data released on Wednesday showed headline inflation,

The PCE price index report, which provides an overview of the current state of inflation across goods and services in the U.S., will be released on Wednesday morning. Jessica Inskip, director of investor research at Stockbrokers.

Key Takeaways Forecasters expect inflation to have decelerated slightly in July, with the Personal Consumption Expenditures price index rising 3.6% over the year.Core inflation is expected to remain at a 3.

Alibaba's top executives take it further as investors weigh concerns about dilution from a massive new share sale.

The purchase comes as BABA stock faces pressure from rising AI investments weighing on profits even as the equity placement fans dilution concerns.

The personal investments from Joe Tsai and Eddie Wu follow firm's 710 million share sale, one of China's largest AI fundraising efforts The top two executives at Alibaba Group Holding bought a combined HK$120 million (US$15.

The market’s negative reaction to Alibaba’s announcement of a major share issue illustrates a broader skepticism among global investors about the eventual payback on present AI spending

The national debt passed the $40 trillion mark last week. While the record number is staggering on its face, equally concerning is that the debt more than doubled in just 10 years. There are many reasons for this: emergency spending during COVID-19,

The national debt in the U.S. has surpassed $40 trillion.

The U.S. national debt crossed another grim milestone this month, surpassing $40 trillion for the first time ever. That's more than double the amount owed in 2017, and worse still, on the current trajectory,

The U.S. national debt has crossed the $40 trillion mark, putting the country's borrowing and the cost of that debt at the center of an affordability debate.