US manufacturing output falls in April on weak auto production
WASHINGTON – US manufacturing production fell more than expected in April amid a sharp decline in motor vehicle output, and the sector could struggle to regain its footing in the second quarter because of tariffs.
Factory output dropped 0.4 per cent in April after an upwardly revised 0.4 per cent gain in March,
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Read MoreCanadian investors pouring money into European equity ETFs
The European Union has a GDP of US$20 trillion, according to the International Monetary Fund. The United Kingdom has another US$3.8 trillion, making Europe a considerable economic force.
Yet up until recently, there’s been scant enthusiasm among Canadians for Europe-specific ETFs. Currently there are only nine distinct offerings,
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Read MoreLive S&P 500 (NYSEARCA: SPY): Markets Pull Back as Interest Rates Steal Focus
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The markets are feeling the pressure today after Fed Chairman Jerome Powell commented on interest rates.
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Read MoreWall Street drifts lower as S&P 500 flirts with its first loss of the week
NEW YORK — U.S. stocks are drifting Thursday following a jumble of mixed reports that shed little clarity on how the U.S. economy is managing through U.S. President Donald Trump’s trade war.
The S&P 500 was 0.2% lower in early trading and potentially on track for its first drop of the week.
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Read MorePope Leo XIV to diplomats: Peace and justice can be achieved by investing in the family
Vatican City, May 16, 2025 /
11:59 am
Pope Leo XIV on Friday said peaceful societies can be achieved if governments invested in families “founded upon the stable union between a man and a woman” in his first address to the diplomatic corps accredited to the Holy See.
Read MoreThe Burst
How a 2nd Trump Presidency Will Affect Markets?
A second Trump presidency may have broad-reaching implications for the stock market, influenced by a mix of tax and economic strategies as well as geopolitical implications.
In his first-term, Trump oversaw significant corporate tax cuts, which boosted corporate earnings and stock prices. A second term is likely to continue or expand these tax policies,
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Read MoreThe Ivy
Paul Tudor Jones Is Betting Big Against the Bond Market: How You Can Too.
Stan Druckenmiller and Paul Tudor Jones, both among the most successful traders ever, are now on the same side of a trade: shorting long-duration bonds.
This move is more than just a hedge but rather it’s a bet that interest rates are headed higher, and when these legendary traders make such strong statements,
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Read MoreThe Spotlight
Spotlight: Time To Buy Vaccine Manufacturer Before Winter?
It’s impossible to discuss Moderna without mentioning its COVID-19 vaccine, which propelled the stock to record highs in 2021 approaching $500 per share. However, slower sales caused the stock to plunge by almost 80%.
Second-quarter reports in 2023 show a net loss of $1.38 billion, a stark contrast to the net income of $5.4 billion in Q4 2021.
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