The Daily

What do pony fur, sequins, golf carts, bamboo furniture and mezcal have in common? Until Tuesday evening, not much. Now they’re among what could soon be unlikely casualties of President Donald Trump’s intensifying trade war with Canada.

The Trump administration added those items, among dozens of others, to a list of goods that could be subject to 50% tariffs — or outright banned — later this month if they’re imported into the United States from Canada.

 » Read more about: From pony fur to bamboo furniture, Trump’s trade war with Canada is getting even weirder  »

Bank of America analysts recently addressed the question of how the rise of agentic AI has impacted how people and firms trade.

Not, “what are they trading,” but literally, “how.”

The bank’s Craig Siegenthale wrote in a recent note that the fast-moving technology is already vastly reshaping the landscape for retail brokerages,

 » Read more about: BofA flags 3 ways agentic AI tools are reshaping the investing landscape  »

Options Xchange Group recently announced plans to launch a new U.S. listed options exchange, powered by a technology platform built from the ground up for modern options trading. Peter Maragos, …

 » Read more about: Options Xchange Group Targets Member Experience in Crowded U.S. Options Market  »

 » Read more about: A faltering Dow Theory could spell more bad news for stocks  »

The European Central Bank (ECB) raised interest rates on Thursday to cool inflation that is being fed by high oil prices from the Iran war. The decision was supported by a stronger-than-expected economy that suggests businesses can weather the higher borrowing costs.

The central bank for the 21 EU member countries that use the euro currency raised its benchmark rate by a quarter percentage point to 2.50 per cent at a meeting held in Berlin,

 » Read more about: ECB raises interest rates a quarter point to quell energy-fuelled inflation  »

SRG Housing Finance, Atal Realtech, Sunshine Pictures, among others were locked in their lower circuits, reflecting strong selling and signalling bearish near-term sentiment.

 » Read more about: Momentum Stocks: HEG, Gujarat Energy, Muthoot Finance, IEX, Bikaji Foods hit 52-week low  »

By ROB GILLIES

TORONTO (AP) — Ontario Premier Doug Ford said Thursday he hopes U.S. President Donald Trump’s Republicans lose both the House and Senate in the midterm elections, saying voters should punish Trump politically for his escalating trade war with Canada.

“Hopefully he’s going to lose the Senate.

 » Read more about: Ontario premier hopes Republicans lose House and Senate as Trump trade war escalates  »

An investor looking at a rising S&P 500 may make a simple assumption: Stick with the biggest U.S. companies that have led the market higher, and hope for more of the same.

Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management and chairman of Schiff Gold, sees this strategy as a risk.

 » Read more about: Peter Schiff's case for more gold & foreign stocks (& less U.S. tech) in your portfolio  »

Global gold exchange-traded funds (ETFs) pulled in $18 billion in August, the second-largest monthly inflow on record, lifting collective holdings to an all-time high of 4,189 tonnes.

 » Read more about: Gold ETFs Just Had Their Second-Biggest Month Ever With $18 Billion Inflow  »

On Friday, the government is expected to report that headline inflation ticked down last month,

 » Read more about: Inflation report lands amid spiking oil prices, rising interest rates and Fed on fence  »