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The trade war is set to further escalate later this month: the Trump Administration said on Tuesday that it will bar the import of certain dairy products, motorcycles, and alcoholic drinks from Canada, starting on Sept. 29. The announcement comes after several Canadian provinces prohibited American alcoholic beverages from being sold last year. There is…

Peer into the looking glass of the US stock market and you might see a double-digit rally taking shape before the end of the year, one strategist says. James Thorne, the chief market strategist at Wellington-Altus, said he sees a path for a euphoric rally by 2027, with the S&P 500 potentially rising to 10,000…

The Federal Reserve accepted $2.12 billion in Treasury bills on August 26 as part of its ongoing Reserve Management Purchase program, a relatively modest bite from the $22 billion that dealers submitted for the operation. That acceptance rate, roughly 9.6% of what was offered, tells you something about how selective the central bank is being…

The Dow Jones Industrial Average and other major stock indexes pulled back Wednesday, as Brent crude prices topped $101 a barrel for the first time since July amid the ongoing U.S.-Iran conflict. Oil-related stocks and exchange-traded funds pushed higher, as did names in metals. Also, AI play Lumentum (LITE) surpassed a buy point. In afternoon…

FASB chair Richard Jones at AICPA & CIMA Conference on Current SEC and PCAOB Developments The Financial Accounting Standards Board published an accounting standards update Wednesday to improve how investment companies such as mutual funds can measure the fair value of an equity security that’s subject to a contractual sale restriction. Processing Content Under current…

Self-employed individuals face other tax realities, including a higher Federal Insurance Contributions Act (FICA) tax rate, which includes both Social Security and Medicare taxes. As Brokamp noted, “Self-employed workers are responsible for both the employee and employer portion of FICA taxes. In other words, employees of companies pay a 7.65% rate whereas the self-employed pay…

Warren Buffett spent his final years as Berkshire Hathaway CEO building what amounted to the world’s most expensive savings account. His successor just raided it. Greg Abel, who officially took the top job on January 1, 2026, has burned through $32 billion in cash reserves in roughly six months, transforming Berkshire from a cautious hoarder…

A war in Taiwan would cause the biggest global financial crisis since the Second World War, the US has said. Speaking weeks before Xi Jinping’s trip to Washington, a US official said that a conflict over Taiwan would bring staggering costs to the world, adding that the country needed to boost its defence capabilities. Raymond…

The close economic relationship between Canada and the United States has fractured since Trump returned to office (JEFF KOWALSKY) The US-Canada trade war has escalated rapidly, rupturing what was once one of the world’s closest economic partnerships. But the conflict is a mismatch, with the $31 trillion US economy roughly 13 times larger than Canada’s,…

Apple AAPL shares are in focus ahead of the giant’s highly anticipated launch event where it’s expected to unveil its next-generation lineup, likely including the first foldable iPhone. While tech enthusiasts are buzzing over the expected hardware shift, institutional investors remain skeptical that a foldable device will act as an immediate catalyst that drives AAPL…