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CNN —President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to not creating new currency or face 100% tariffs during his administration. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. BRICS had been made up of Brazil, Russia, India, China and South Africa since 2011. The leader of one member country, Brazil’s Luiz Inácio Lula da Silva, in 2023 proposed creating a common currency in South America to reduce reliance on the US dollar. Using BRICS currencies and banking networks outside the US dollar-denominated system could allow member countries such as Russia, China and Iran to circumnavigate Western sanctions.
Persons: Donald Trump, ” Trump, BRICS, , Naledi Pandor, Brazil’s Luiz Inácio Lula da Silva, it’s, Vladimir Putin, Xi Jinping, Trump, Claudia Sheinbaum, Justin Trudeau, Trump’s, Trudeau, , ” CNN’s Simone McCarthy, Robert Ilich, Kit Maher Organizations: CNN, United Arab, African Foreign, United, Canadian Locations: BRICS, China, Russia, Brazil, India, South Africa, Iran, Saudi Arabia, United Arab Emirates, Ethiopia, Egypt, South America, United States, Ukraine, Russian, Mexico, Canada, Lago, Florida
President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. At a summit of BRIC nations in October, Russian President Vladimir Putin accused the U.S. of "weaponizing" the dollar and described it as a "big mistake." Trump said there is "no chance" BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen "should wave goodbye to America." Research shows that the U.S. dollar's role as the primary global reserve currency is not threatened in the near future. Canadian Prime Minister Justin Trudeau returned home Saturday after meeting Trump, without assurances the president-elect will back away from threatened tariffs on Canada.
Persons: Donald Trump, Vladimir Putin, Putin, Trump, Claudia Sheinbaum, Justin Trudeau Organizations: U.S ., United, IMF, Trump, U.S, Research, An Atlantic Council, Canadian Locations: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, Turkey, Azerbaijan, Malaysia, Russian, Moscow, America, Mexico, Canada, United States
In today's big story, the world reacts to Donald Trump's latest trade plans , which could be a massive negotiation tactic . Michael M. Santiago/Getty ImagesThe man who dubbed himself a master negotiator is upending the global trade market with his latest tactic. AdvertisementThe world is reacting to President-elect Donald Trump's new trade proposals targeting China, Mexico, and Canada. There's a lot to unpack, so let's break it down:So, Trump finally gave us an update on his tariff plans. He's telegraphed his plans for hammering Chinese imports, but a 25% tax on Canadian and Mexican goods was a shock.
Persons: Donald Trump's, Trump, Michael M, He's, Will, Justin Trudeau, Claudia Sheinbaum's, Jenny Chang, Rodriguez, Goldman, Scott Wren, Wells Fargo's, They've, Elon Musk's, Omead Afshar, Afshar, Prince Williams, Bill Clark, Astrida Valigorsky, Alyssa Powell, Kendrick Lamar, Drake, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Affordable, Canadian, Trump, US, Companies, Getty, JPMorgan, Deutsche Bank, BI, Tesla, North, Spotify, Universal Music, Wall Street Locations: China, Russia, Mexico, Canada, Canada's, East, New York, Chicago, London
They were each convicted on four counts related to human smuggling, including conspiracy to bring migrants into the country illegally. “This trial exposed the unthinkable cruelty of human smuggling and of those criminal organizations that value profit and greed over humanity,” Minnesota U.S. Attorney Andy Luger said. Shand was to pick up 11 Indian migrants on the Minnesota side of the border, prosecutors said. Canadian authorities found the Patel family later that morning, dead from the cold. Rajinder Singh, 51, testified that he made over $400,000 smuggling over 500 people through the same network that included Patel and Shand.
Persons: Ramanlal Patel, Harry, , Steve Shand, Attorney Andy Luger, , ” Luger, Harshkumar Patel, Luger, Jagdish Patel, Vaishaliben, Dharmik, Jan, Patel, Shand, Prosecutors, Rajinder Singh, Singh, El Salvadorans, Jamie Holt, ” Holt, Kevin Paul, ” Paul Organizations: Fergus Falls , Minnesota AP, Indian, Minnesota U.S, Attorney, Minnesota -, Attorney’s, Associated Press, Immigration, Customs, Canadian Press, Bank, U.S ., The U.S . Border Patrol, Pew Research, Homeland Security Investigations Locations: Fergus Falls , Minnesota, Canada, U.S, American, Florida, Minnesota, Minnesota - Canadian, Harshkumar Patel Sherburne, India, Gujarat, , The U.S, El, Clearwater , Minnesota, North Dakota
They were each convicted on four counts related to human smuggling, including conspiracy to bring migrants into the country illegally. Because of this unimaginable greed, a father, a mother and two children froze to death in sub-zero temperatures on the Minnesota-Canadian border,” Luger added. Shand was to pick up 11 Indian migrants on the Minnesota side of the border, prosecutors said. Canadian authorities found the Patel family later that morning, dead from the cold. Rajinder Singh, 51, testified that he made over $400,000 smuggling over 500 people through the same network that included Patel and Shand.
Persons: FERGUS, Ramanlal Patel, Harry, , Steve Shand, Attorney Andy Luger, Harshkumar Patel, ” Luger, Luger, Jagdish Patel, Vaishaliben, Dharmik, Jan, Patel, Shand, Prosecutors, Rajinder Singh, Singh, John Woods, El Salvadorans, Jamie Holt, ” Holt, , Kevin Paul, ” Paul Organizations: Indian, Minnesota U.S, Attorney, Sherburne County Sheriff’s, , Minnesota -, Attorney’s, Associated Press, Canadian Press, Bank, U.S ., The U.S . Border Patrol, Pew Research, Homeland Security Investigations Locations: Minn, , Canada, U.S, American, Florida, Minnesota, Sherburne County, Elk River, Minnesota - Canadian, India, Fergus Falls , Minnesota, Gujarat, , United States, Emerson , Manitoba, The U.S, El, Clearwater , Minnesota, North Dakota
AdvertisementRussia has sent North Korea 1 million barrels of oil since March, according to satellite imagery analysis. An analysis of satellite images shows Russia defying sanctions to supply North Korea with at least one million barrels of oil this year, according to a new report. In the imagery, vessels would set out from North Korea riding high in the water, but on their return would appear fully laden, the group said. In this image marked up by the Open Source Centre, the Yu Son was deemed to be carrying oil to North Korea. The new findings also give further insight into the continued material exchanges between Russia and North Korea.
Persons: Yu Son, Yu, David Lammy, Ursula Hyzy, Vostochny, Kim Jong Un, Vladimir Putin, Kim, hasn't, Joseph Byrne, Kim it's, Joseph S, Bermudez Jr Organizations: North, BBC, Canadian Armed Forces, UN, UN Security, Getty, Reuters, Carnegie Endowment, Center for Strategic, International Studies Locations: Russia, North Korea, Korea, Ukraine, Vostochny, AFP
In my inaugural CNBC Sport newsletter , I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season. The company has said it intends to bid again for the Canadian media rights. In my inaugural CNBC Sport newsletter, I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season.
Persons: Alex Sherman, Rogers, Gary Bettman, Amazon's, James Gay, Rees, Paul Martin –, Wayne Gretzky, Amanda Serrano, Nakisa Bidarian, Jake Paul, Mike Tyson, Katie Taylor, Taylor, Serrano, Tyson, Paul –, Amanda, Katie, Mike, Jake, Bidarian, Amanda's, hasn't, I'm, CNBC's Jake Piazza, Lillian Rizzo, Tiger Woods, Rory Mclroy, Mike McCarley, Steve Cohen's, Eli Manning, Derek Jeter, Michael Strahan, John McEnroe, Jimmy Fallon, Rickie Fowler, Xander Schauffele, Matt Fitzpatrick, Cameron Young, CNBC's Jess Golden, Dan Gilbert, Turner, John Tesh, LeBron James, Maverick Carter, Fulwell, Ben Winston, They'll, Peacock, CNBC's Dominic Chu, Mollie Marcoux Samaan, Marvel Entertainment Rob Steffens, Wanda Diamond, LOVB, LOVB Pro's, Michele Kang, Kang, Rob Manfred, That's, Manfred, Tomas Hertl, Thatcher Demko, Derek Cain Organizations: CNBC, CNBC Sport, Rogers Communications, NHL, National Basketball Association, National Football League, Rogers, Amazon Prime, Netflix, NFL, Amazon, Buffalo Bills, Kansas City Chiefs, CBS, Patriots, Sports Business, Golf Channel, Mike McCarley . New York Mets, Private Ventures, New, New York, WNBA, NBA's Cleveland Cavaliers, NBA, Warner Bros, Discovery, Turner Sports, U.S, ESPN, ABC, NBC, NBC Sports, SpringHill, Comcast, USA, English Premier League, NASCAR, WWE, Olympics, Marvel Entertainment, American Hockey League, Wanda Diamond League, Atwater Capital, U.S . Soccer, MLB, The Athletic, Professional Fighters League, Dubai Department of Economy, Tourism, Dubai Sports Council, PFL, San Jose Sharks, Vancouver Canucks, Rogers Arena, Sports, Reuters Locations: , Canada, Canadian, U.S, Amazon, Europe, Salt Lake City , Utah, Mike McCarley ., Cleveland, Northeast Ohio, Atlanta , Austin, Houston, Madison, Omaha, Salt, Dubai
We've compiled everything you need to know about how to watch UFC 309, including live streaming information and a sneak peek at the fight card. How to watch UFC 309 in the USUFC 309 live streams on ESPN Plus in the US. Fortunately, for those without an existing annual ESPN Plus subscription, there are a few solid opportunities for savings. Check price at ESPNWhere to watch UFC 309 everywhere elseUFC's reach is pretty widespread, so most other countries will also be able to access events. Check price at ExpressVPNHow to watch UFC 309 with a VPNSign up for a VPN if you don't already have one.
Persons: Jon Jones, Stipe Miocic, Jones, Ciryl Gane, Stipe, Miocic, Charles Oliveira, Michael Chandler, VPNs, ExpressVPN, Bo Nickal, Paul Craig, Viviane Araujo, Karine Silva, Mauricio Ruffy, James Llontop, Jonathan Martinez, Marcus McGhee, Chris Weidman, Eryk Anders, Jim Miller, Damon Jackson, David Onama, Roberto Romero, Marcin Tybura, Jhonata Diniz, Mickey Gall, Ramiz Brahimaj, Bassil Hafez, Veronica Hardy, Eduarda Moura Organizations: Business, UFC, New, ESPN, ESPN Plus, TNT Sports, Discovery, Elliott Locations: Madison, New York City
We've compiled everything you need to know about how to watch UFC 308 live streams, including a look at the main and preliminary fight cards. However, the fights will kick off much earlier than usual since UFC 308 takes place in the Etihad Arena in Abu Dhabi. Plus, we'll highlight a massive savings opportunity for US viewers who don't already have an ESPN Plus subscription. How to watch UFC 308 in the USUFC 308 will live stream through ESPN Plus in the US. Check price at ESPNWhere to watch UFC 308 everywhere elseMost other countries also have access to UFC events.
Persons: Ilia Topuria, Max Holloway, We've, Alexander Volkanovski, we've, ExpressVPN, Robert Whittaker, Khamzat Chimaev, Magomed, Aleksandar Rakić, Lerone Murphy, Sharaputdin, Armen Petrosyan, Ibo Aslan, Raffael, Geoff Neal, Rafael dos Anjos, Mateusz, Myktybek, Brunno Ferreira, Kennedy Nzechukwu, Chris Barnett, Farid Basharat, Victor Hugo, Ismail Naurdiev, Bruno Silva, Rinat, Carlos Leal Organizations: Business, UFC, American UFC, ESPN, Etihad Arena, ESPN Plus, TNT Sports, Discovery, Canadian UFC, Ibo Locations: Abu Dhabi
CNN —An image of a peregrine falcon chasing a butterfly, a vulture feasting on a black bear and a surfing penguin are among the winning images of Bird Photographer of the Year 2024. “We create this impactful display to honor the lives lost and increase public awareness,” Homonylo said in a statement. Will Nicholls, director of Bird Photographer of the Year, told CNN that the competition allows people to view things they may not be able to see for themselves. The title of Young Bird Photographer of the Year was awarded to 14-year-old Spanish photographer Andrés Luis Domínguez Blanco for a vivid image of a nuthatch — a small bird similar to a woodpecker — scrambling down an oak tree in Grazalema in southern Spain. The images cover a huge range of species, environments and behaviors – some are comedic while others carry a serious message.
Persons: Patricia Homonylo, Homonylo, ” Homonylo, Will Nicholls, , Young, Andrés Luis Domínguez Blanco, Paul Sterry Organizations: CNN, Initiative, Awareness, Birds, BirdLife International, Bird Locations: Canadian, Toronto, Grazalema, Spain
Quang attributes the unexpected virality to a digital trend that first appeared at the end of 2023: the office siren. AdvertisementGoogle Trends shows searches for the term "office siren" increased tenfold between the first week of May and the first week of August. The office siren is a polarizing character — a sexed-up appropriation of office wear, restyled and applied to contexts outside the office. "Obviously, I'm not wearing this to the office," Quang said. "The office siren is just a character I'm playing."
Persons: , Julia Quang, Aritzia, Zers, Quang, Josephine Hansom, Hansom, Gen, Kirsten Classi, Zummo, she's, Corey Robinson, Abercrombie &, it's, Robinson, Heather McLean, McLean, Nancy Deihl, Gen Z, I'm Organizations: Service, Business, Brands, Abercrombie, Abercrombie & Fitch, New York University Locations: Quang, Canadian, America
ET, 5:16 p.m. in Paris (men’s pommel horse)TV: NBC and PeacockWhat to watch: Biles continues her gold medal aspirations when she competes in the individual vault competition. Biles enters the vault competition as the leader from qualifying after posting a 15.3. The Canadiens, reigning gold medal winners, needed to win all three matches to get through — and they did. GO DEEPER Ledecky becomes most decorated U.S. female OlympianCanadian Summer McIntosh eyes her third Olympic gold at just 17 years old. With a win Saturday, Crouser would be the first male shot putter to win three Olympic gold medals.
Persons: We’ve, Sha’Carri Richardson, Simone Biles, Stephen Nedoroscik, Katie Ledecky’s, , Nedoroscik, Biles, Jade Carey, Rebeca Andrade, Nedoroscik —, Ireland’s Rhys McClenaghan, Peter Vidmar, It’s, Richardson, Jamaica’s Shericka Jackson, Jamaica’s Shelly, Ann Fraser, Pryce, Sha'Carri Richardson, Mallory Swanson, Alex Livesey, Sophia Smith, Trinity Rodman dazzled, Emma Hayes ’, Hayes, Davidson, Shaw, Ledecky, American Paige Madden, Ariarne, McIntosh, American Kate Douglas, Douglass, Crouser, Ryan Crouser, American Joe Kovacs, Germany’s Leo Neugebauer, Michael Steele, Damian Warner, Kevin Mayer of, Pierre LePage, Leo Neugebauer, Ayden Owens, Sander Skotheim, Franz Wagner, Orlando, Wagner, Andrej Isakovic Organizations: Paris Olympics, NBC, U.S, USA, Stade de France, Getty, United, Olympic, Canada, FIFA, New Zealand, Canadiens, Spain, Canada Soccer, La Defense, Ledecky, Kevin Mayer of France, Puerto Rico Locations: Paris, American, Sha'Carri, USWNT, Canada, women’s, United States, Japan, Germany, U.S, Colombia, France, Brazil, Los Angeles, Tokyo, Puerto, Norway, AFP
Below, we've put together everything you need to know about how to watch UFC 304, which will see Leon Edwards and Belal Muhammad duke it out in a welterweight title fight. UFC 304 heads overseas to Co-op Live in Machester, England. ET / 3 a.m. BST (Sun) / 10 a.m. AWST (Sun)How to watch UFC 304 in the USUFC 304 will take place on Saturday, July 27. UFC PPV + Annual ESPN+ Membership (Bundle) ESPN+ is the home of UFC PPV events, meaning that fans need to purchase a subscription in addition to buying the one-off cards. UFC 304 Fight Card: Edwards vs. Muhammad 2Main card — 10 p.m.
Persons: we've, Leon Edwards, Belal Muhammad, Edwards, Muhammad, Muhammed, Tom Aspinall, Curtis Blaydes, Aspinall, We'll, prelims, VPNs, ExpressVPN, Bobby Green, Paddy Pimblett, Leroy Duncan, Gregory Rodrigues, Arnold Allen Organizations: Business, UFC, ESPN, TNT, US, TNT Sports Locations: Machester, England, ExpressVPN, Canada
CNN —The NATO summit was long planned to celebrate the alliance’s 75th anniversary, to lock in longterm military support for Ukraine and even to future-proof the West against a possible second term for Donald Trump. But his achievements, including Sweden and Finland’s entry into the group, will be eclipsed at the summit by his battle to save his political future. She added: “At this critical time for our country, President Biden must seriously consider the best way to preserve his incredible legacy and secure it for the future.”Biden will also have an important audience overseas. “Is it going to be President Biden? On the eve of the summit, Biden’s campaign distributed a memo lauding his leadership in keeping Kyiv standing more than two years after the Russian invasion.
Persons: Donald Trump, Joe Biden’s, George H.W, Biden, Sen, Patty Murray, ” Biden, Trump, Vladimir Putin, Kurt Volker, ” Volker, CNN’s Wolf Blitzer, Volker, , Joe Biden, John Kirby, , They’ve, Adam Smith, “ We’ve, CNN’s Jake Tapper, Joe ”, Putin, “ Donald Trump, Republican nominee’s, Emmanuel Macron, Olaf Scholz, Justin Trudeau, Giorgia Meloni, Trudeau, Keir Starmer, CNN’s Alex Marquardt Organizations: CNN, NATO, Trump, Biden, United, Kyiv, Democratic, Senate, House Armed Services Committee, MSNBC, ABC News, Nordic, Republican, NATO Alliance, Canadian, Liberal Party, British Locations: Ukraine, Washington, George H.W . Bush, Sweden, Atlanta, Moscow, United States, Europe, Asia, European, Kyiv, Russian, Soviet Union, NATO, Toronto
US voters don’t take direction from foreigners, and American presidential elections, which play out state by state, are far different from those for the European Union. Another lesson of the European elections is that in an age of inflation, incumbents are vulnerable to a disgruntled electorate. French President Emmanuel Macron and German Chancellor Olaf Scholz are smarting from their rebuke in European elections that rewarded far-right parties that echo the continent’s dark past. Canadian Prime Minister Justin Trudeau’s low approval ratings mean he might not even lead his Liberal Party into elections due by the end of next year. Macron, who heads a centrist party that was routed in the European elections, may be betting that the higher turnout in legislative elections could reverse the trend.
Persons: CNN —, Donald Trump’s, Hillary Clinton’s, Joe Biden, Trump, Biden, he’ll, Emmanuel Macron, Olaf Scholz, Justin Trudeau’s, Rishi Sunak, Macron, Le Pen, Jordan Bardella, Le Pen’s, ” He’s, Organizations: CNN, European Union, Canadian, Liberal Party, British, Conservative, “ Make, GOP, Labour Party, Trump, National Rally, Paris Locations: Britain, Europe, Italy, Poland, Normandy, EU
And among those watching most closely are world leaders near and far. Of course, world leaders have generally stayed mum on the issue of which man they prefer – although I would wager that most favor the status quo over a return to the raucous years of Trump’s presidency. Some world leaders have already signaled their aversion to another Trump presidency. But for these foreign leaders, coming out against Trump is a move that is chock full of risks. The stakes in this election are too high for global leaders to stay mum.
Persons: Michael Bloomberg, Read, Joe Biden, Donald Trump, Biden “, , Trump, Trump’s, , Hank Sheinkopf, Biden, Javier Milei, Israel’s Netanyahu, Victor Orbán, Russia’s Vladimir Putin, it’s, Justin Trudeau, isn’t, Brazil’s Luiz Inácio Lula da Silva, octogenarian Biden, “ Trump, Sheinkopf, Don’t, Team Biden, Organizations: New York, CNN, Trump, NATO, , Biden, Canadian, Worker’s Party, Team Trump, Team Locations: United States, Latin America, Africa, America, Asia, China, Argentina, Hungary, Brazilian, Gaza, Brazil, Russia, India, South Africa, Washington
Learn moreIt's time for UFC 301, which will see Brazilian Alexandre Pantoja defend his title against Australian Steve Erceg. ET / 3 a.m. BST (Sun) / 10 a.m. AWST (Sun)How to watch UFC 301 in the USAs usual, UFC 301's main event will stream tonight at 10 p.m. Shop at ESPNWhere to watch UFC 301 everywhere elseIf you're not in the US, you can catch the fights in the UK via TNT Sports. Canadian UFC fans can purchase the PPV fight through most major TV services, as well as through UFC Fight Pass for $65. UFC 301 Fight Card: Pantoja vs. ErcegMain card - 10 p.m.
Persons: Alexandre Pantoja, Steve Erceg, Aldo, Jonathan Martinez, we've, ExpressVPN, José Aldo, Anthony Smith, Vitor Petrino, Michel Pereira, Ihor Potieria, Paul Craig, Caio Borralho, Brito, Jack Shore, Karolina Kowalkiewicz, Iasmin, Myktybek, Joaquim Silva, Drakkar Klose, Mauricio Ruffy, Jamie Mullarkey, Dione Barbosa, Ernesta, Ismael Bonfim, Vinc, Alessandro Costa, Kevin Borjas Organizations: Business, UFC, ESPN, TNT, US, TNT Sports Locations: Rio de Janeiro, Brazil, ExpressVPN, Canada
“One which we jokingly say belongs in a Netflix series.”A truck driver with a fraudulent waybill for a seafood shipment picks up the container. Instead of a load of farm-raised seafood, the truck driver pulled away from the loading dock with loot. “They needed people inside Air Canada to facilitate this theft,” Peel Regional Police Det. In its legal response to the Brink’s lawsuit, Air Canada has denied it was “careless” and its security lax. Canadian police had identified him as the truck driver early in the investigation but had not been able to locate him.
Persons: , Nishan Duraiappah, Nando Iannicca, Canada “, ” Duraiappah, ’ ” Patrick Brown, , Mike Mavity, Mavity, couldn’t, “ We’re, ” Mavity, , it’s, Brink’s, Eric, “ They’re, Nick Milinovich, Duraiappah, CNN’s Paula Newton, Fabiana Chaparro Organizations: CNN, Toronto Pearson International, Air Canada, ” Peel Regional Police, Netflix, Peel Regional Police, Peel, Canadian, CSI, Vancouver Bullion & Currency Exchange, Air, Police, ” Air Canada, Authorities, Alcohol, Tobacco, Firearms, Explosives, ” Police, Investigators, Court, Middle, Middle District of Pennsylvania, ” Peel Locations: Zurich, Switzerland, Canada, Pennsylvania, Florida, Georgia, Brampton, Toronto, Air Canada, United Kingdom, Dubai, India, Franklin County , Pennsylvania, Philadelphia, Middle District, Atlanta
Copper is used in data centers for power cables, electrical connectors, power strips and more, Jefferies noted in an April 10 note. It estimates that global copper demand by data centers will increase from 239 kt (thousand tons) in 2023 to at least 450 kt per annum in 2030. "Hopes for GenAI / data centre copper demand growth are adding to investor bullishness on copper, against a backdrop of constrained supply," it wrote. For those looking to buy into the sector, CNBC Pro screened for stocks in the Global X Copper Miners ETF. In addition to the Global X Copper Miners ETF, those who want to invest in this sector via exchange-traded funds can consider the Sprott Copper Miners ETF and the iShares Copper and Metals Mining ETF.
Persons: Jefferies, Morgan Stanley, It's Organizations: CNBC Pro, Copper Miners, Solaris Resources, Filo Mining, Miners, Metals Mining
Dollar stands tall as U.S. rate-cut bets recede
  + stars: | 2024-04-15 | by ( ) www.cnbc.com   time to read: +2 min
The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support. The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the Middle East and the prospect of stubbornly high U.S. interest rates gave support. There was little initial reaction to a weekend attack on Israel by Iran. Canadian and New Zealand inflation figures are due on Tuesday, along with Chinese growth numbers. British inflation data is out on Wednesday and Aussie jobs data on Thursday.
Persons: Jason Wong, Sterling Organizations: New Locations: Asia, Israel, Iran, New Zealand, Israeli, Damascus, Wellington, Zealand
Two scientists who worked at Canada’s top microbiology lab passed on secret scientific information to China, and one of them was a “realistic and credible threat to Canada’s economic security,” documents from the national intelligence agency and a security investigation show. Canadian universities can now be disqualified from federal funding if they enter into partnerships with any of 100 institutions in China, Russia and Iran. The release of the documents was the subject of a prolonged debate in Parliament that began before the last federal election, in September 2021. Opposition parties asked to see the records at least four times and found the Liberal government to be in contempt of Parliament in 2021. The government filed a lawsuit in an attempt to keep the records hidden, but dropped it when the vote was called.
Persons: Xiangguo Qiu, Keding Cheng Organizations: Commons, Liberal Locations: China, Russia, Iran
A university in Canada is expected to remove a series of vending machines from campus after a student discovered a sign they used facial recognition technology. The smart vending machines at the University of Waterloo first gained attention this month when Reddit user SquidKid47 shared a photo. Stanley investigated the smart vending machines, discovering that they're provided by Adaria Vending Services and manufactured by Invenda Group. Canadian publication CTV News reported that Mars, owner of M&M's, owns the vending machines. AdvertisementIn response to the student publication's report, the director of technology services for Adaria Vending Services told MathNEWS that "an individual person cannot be identified using the technology in the machines."
Persons: SquidKid47, Stanley, MathNEWS, Adaria, MathNews, we've, Rebecca Elming, TikTok Organizations: University of Waterloo, Business, University, Waterloo, Ars Technica, Adaria Vending Services, Invenda Group, CTV News, Data, Invenda, Guardian, DePaul University Locations: Canada, China
Investors should prefer the Canadian TSX Composite benchmark index in 2024 to the S & P 500 , according to Bank of America. Last year, while inflation was moderating, the TSX underperformed the S & P 500 by 16 percentage points. However, the Canadian index beat the S & P 500 in 2022 when inflation was investors' prime concern. According to FactSet, the P/E currently stands at 15.75x, lower than the 20.28x of the S & P 500. Canadian investors can access the index through the near-identical iShares Core S & P/TSX Capped Composite Index ETF and BMO S & P/TSX Capped Composite Index ETF .
Persons: Ohsung Kwon, FactSet, Kwon, SPX Organizations: Canadian, Bank of America, TSX, of America's, BMO, U.S Locations: of America's Canada, 15.75x, United States, Canada, Yom Kippur, Vietnam
Before last year, paid sick leave was generally not offered to railroad workers. That's instead of joining all the other major freight railroads in negotiating jointly with rail unions on an agreement over pay and benefits. The rail industry reached the brink of a strike in the fall of 2022 before Congress and President Joe Biden intervened to force rail workers to accept a contract. Union Pacific, BNSF and Norfolk Southern now have paid sick time agreements in place with all their unions. Canadian National also trails behind the big U.S. railroads, but still offers sick time to about 46% of its U.S. workers.
Persons: , Ed Dowell, CPKC “, ” CPKC, That's, Patrick Waldron, ” Waldron, , CPKC, Joe Biden, wouldn't Organizations: Rail, CPKC's, American Train, Association, Kansas City Southern, Canadian Pacific, CSX, Union Pacific, Norfolk, Canadian Locations: OMAHA, Neb, Kansas City , Missouri, CPKC's U.S, Minnesota, U.S, Calgary, United States, Kansas City, Kansas, Canadian Pacific, North America, BNSF, Norfolk Southern
CNBC's Jim Cramer on Wednesday suggested railroad stocks may be starting to climb. "Boy is that terrific for the West Coast operators, and there you're thinking about Union Pacific and Canadian Pacific Kansas City." Cramer reviewed earnings reports from Union Pacific , Canadian Pacific Kansas City , CSX and Norfolk Southern , saying all except the latter have potential. Canadian Pacific Kansas City saw the largest volume growth of the bunch. If investors feel confident about the economy, they have Cramer's "blessing to stick with Union Pacific, Canadian Pacific, or CSX — in that order, by the way — and forget about Norfolk Southern for the moment."
Persons: CNBC's Jim Cramer, Cramer, we've, — you've Organizations: West Coast, Union Pacific, Canadian Pacific, Canadian Pacific Kansas City, Norfolk, Pacific's, Canadian, CSX, Norfolk Southern Locations: Yemen, Red, West Coast, Suez, East Coast, Canadian Pacific Kansas, Canadian Pacific Kansas City, CSX, Canadian Pacific, Ohio
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