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Someone in the Federal Reserve’s orbit just said the quiet part out loud. A close ally of Fed Chair Kevin Warsh publicly dismissed the notion that current interest rates are restrictive, calling the claim “just ridiculous.” The remark lands at a moment when the Fed is already under pressure to explain why inflation remains stubbornly…

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The Trump administration has intensified its ongoing trade war with Canada by imposing fresh import bans on specific Canadian goods, including alcohol. These bans are scheduled to come into effect on Sept. 29. On Tuesday, the White House…

“We can compartmentalize across this,” said Carney, deflecting a question about why he believes Trump has been so angry at Canada since the prime minister called a halt to trade negotiations nearly two weeks ago in the face of what he called “fundamental” disagreement over tariffs and American demands that threatened Canadian trade and cultural…

‘It was an absolutely terrible deal that would have destroyed our economy’: Ford on trade war Canada ‘confident’ that the economy can weather Trump’s new executive orders Trump claims Canada is ‘dying to make a deal’ during address at RNC midterm convention in Dallas How helpful will Poilievre’s visit be to the U.S.? Mulcair says…

Wholesale prices rose in line with forecasts, but traders are now pricing in higher odds of a rate hike next week — with Friday’s CPI report likely to be the deciding factor Advisors got a preview of this week’s inflation picture Thursday as the Producer Price Index rose 0.4% in August, matching forecasts. But the…

The Brief The federal government is enforcing a ban on Canadian motorcycle, dairy and alcohol imports that begins on Sept. 29. Canada imposed its own counter-tariffs affecting $20 billion of United States goods. In August, President Donald Trump enacted tariffs on Canadian exports to the U.S. The United States is prohibiting Canadian alcoholic beverages, motorcycles and…

Positron Valued at $5 Billion in New Funding as Demand for AI Chips Surges NEA, Atreides and Jim Clark are among the investors putting $875 million into the firm, which makes chips designed for fast running of AI models. —- Macy’s Bets on Pricier Products to Win Wealthy Shoppers The department-store chain raised its full-year…

The bursting of the AI bubble would open Pandora’s box for the US and world economy, one of America’s top credit-rating agencies is warning. Fitch Ratings flagged the risk of cascading economic damage if AI stocks were to see a sharp correction. In a scenario where stock prices in the AI sector were to drop…

With Brent crude punching back above $100 on US military strikes against Iranian tankers, five energy stocks suddenly face very different fortunes depending on where they sit in the supply chain. This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Brent crude vaulted…

By DAMIAN J. TROISE and ALEX VEIGA, AP Business Writers Stocks on Wall Street lost ground again Wednesday as the price of crude oil climbed back above $100 a barrel amid further escalation in the U.S. war with Iran. The S&P 500 index fell 0.5%. The Dow Jones Industrial Average dropped 0.8%, and the Nasdaq…