Category: Markets and Macro

In the hours before President Donald Trump put Kevin Warsh on track to replace Jerome Powell at the Federal Reserve, the outgoing chair moved to address several of the president’s loudest grievances about the central bank. Powell had already begun shifting the Fed’s strategy on inflation, interest rates, and its balance sheet in ways that…

The United States just delivered one of its sharpest trade reversals in decades, with the monthly gap between what the country sells abroad and what it buys from the rest of the world nearly doubling in November. The goods and services deficit jumped 94% from October, even as tariffs remain a centerpiece of President Donald…

Canada has just turned the North American electric vehicle chessboard on its side, slashing tariffs on Chinese-made EVs and inviting a wave of low cost imports that Washington has tried to keep out. The move could quickly reshape pricing, investment and political tensions across the continent, putting United States automakers on notice that the most…

Houston’s two oil titans are being squeezed by falling profits just as Venezuela dangles the prospect of a massive production revival. Chevron and Exxon Mobil are both signaling caution, but they are not aligned on how aggressively to lean into the country’s reopening, turning a long‑running rivalry into a test of strategy in one of…

Gold and silver’s long rally hit a wall when President Donald Trump named Kevin Warsh as his choice to lead the Federal Reserve, triggering one of the most violent single‑day selloffs in precious metals in decades. Silver prices collapsed by around a third at their intraday lows, while gold dropped from near record territory as…

President Donald Trump has opened a new front in his trade battles, threatening sweeping penalties on Canada’s aviation sector and vowing to pull U.S. approvals for Canadian-built jets. The clash, sparked by a dispute over certification of Gulfstream business aircraft, has quickly escalated into talk of a 50% tariff on Canadian planes and a blanket…

Kevin Warsh is not yet running the Federal Reserve, but markets are already trading on the possibility that he could quietly reset how money works across the globe. President Trump’s decision to nominate the former central banker to replace Fed Chair Jerome Powell signals a potential break with the past decade and a half of…

Paul Krugman is warning that President Donald Trump’s impulsive trade moves and social media outbursts are not just rattling markets, they are pushing the rest of the world to reorganize its economic life without America. In his telling, what began as a noisy trade war is hardening into a structural split that will leave Americans…

The fight over who controls interest rates is no longer an abstract battle in Washington. It is arriving directly in Americans’ bank statements just as savings yields start to slip and inflation anxiety lingers. With the war for the Federal Reserve’s future intensifying, the return on a basic savings account really does feel as if…

Canada’s new auto pact with South Korea is more than a diplomatic flourish. It is a deliberate attempt to turn the country into a prime landing spot for electric vehicle and battery factories at a moment when global incentives and trade rules are shifting fast. By inviting Korean automakers and battery giants to build on…