US, China Discuss AI Safety And Trade Ahead Of Trump-Xi Meeting
Bessent said greater transparency between the world’s two leading AI powers would be important as their technological competition intensifies.
Trade
Mortgage Rates Hit 14-Month High As Housing Market Struggles
Rising rates have followed higher Treasury yields, which have been pushed upward by inflation concerns and surging oil prices linked to the US-Iran war
Mark Carney Defends Closer Canada-EU Ties Amid Trump Tensions
Carney identified climate change, trade pressures and concerns over democratic norms as challenges requiring greater cooperation
Iran Conflict Drives Higher Gas Prices and Borrowing Costs
The analysis estimated that the conflict had cost the average household about $1,760 through September 11.
EU Floats New Canada Partnership Beyond Traditional Trade Ties
European Commission President Ursula von der Leyen made the proposal during her State of the Union address, attended by Canadian Prime Minister Mark Carney
Kyiv Urges Asia To Close Sanctions Loopholes Used by Russia
Ukraine is also concerned about Southeast Asian ports being used to facilitate ship-to-ship transfers of Russian oil.
Mark Carney Moves Canada Closer To Europe As Trade War Escalates
Carney stressed that Canada is not seeking full EU membership but is exploring what he called a “unique alliance” with the 27-nation bloc.
Jobs and Manufacturing Are On The Ballot
Not that manufacturing is the only sector that’s on a hiring spree—businesses across the board added 162,000 new jobsin August.
What Did Iran And Russia Demand At The BRICS Business Forum
The report noted that the conflicts involving Iran and Russia have contributed to energy disruptions and higher fuel costs
What Did The Latest CPI Report Reveal About U.S. Inflation
The Consumer Price Index increased 0.4% for the month and 3.4% from a year earlier, matching forecasts
Victor Davis Hanson: The US Has Entered Stage 3 In The Trade War With Canada
Stage One was outrage at Donald Trump and the United States, and this is the narrative that we got from one side, from Mark Carney.
Houthis Capture Yemen’s Mocha Port, Raising Red Sea Shipping Fears
The capture follows weeks of fighting between the Houthis and Saudi-backed forces amid a broader escalation between Iran and the United States
Treasury Yields Pause After Sharp Sell-Off As Oil Tops $100
The benchmark 10-year Treasury yield was little changed near 4.94%, while the 30-year yield held around 5.36%
10-Year Treasury Yield Tops 4.9%, Highest Since 2023, As Oil Prices Surge
The increase came despite August wholesale inflation data showing a 0.4% rise, in line with expectations. Core wholesale prices increased 0.2%, slightly below forecasts.
