Canadian Steel Industry Shows Signs of Recovery Amid US Tariffs
Canada’s steel industry is showing signs of recovery after being hit hard by US President Donald Trump’s tariffs, supported by rising domestic demand, major infrastructure projects and government assistance. Since the US raised tariffs...
FBI Investigates Suspicious Mail Sent to US Election Officials Ahead of Midterms
The FBI and the US Postal Inspection Service are investigating suspicious mailings sent to state election officials and lawmakers’ offices ahead of the November 3 midterm elections. Some letters contained unidentified substances, including suspicious...
Investors Lower Anthropic IPO Valuation Expectations to $1.5 Trillion
Investors in Anthropic are reconsidering the artificial intelligence company’s expected valuation ahead of its planned November initial public offering (IPO), with some now discussing a figure of around $1.5 trillion, down from earlier expectations...
Investors Shift Cash Into Stocks and Bonds Amid Market Volatility
Investors moved substantial amounts of money out of cash holdings and into stocks and bonds last week, seeking to capitalise on recent market volatility, according to BofA Global Research. Stock funds recorded $64.5 billion...
Bank of England Urges Banks to Strengthen Cyber Recovery Against AI Threats
The Bank of England is working with banks to strengthen cyber-recovery plans as artificial intelligence (AI)-powered cyberattacks pose growing risks to the global financial system, Deputy Governor Sarah Breeden said on Thursday. She warned...
Microsoft Warns Green Card Curbs Could Hurt US Tech Competitiveness
Microsoft President Brad Smith has warned that the Trump administration’s move to restrict green-card access for skilled foreign workers could weaken US technological competitiveness and push global talent to other countries, Politico reported on...
US Jobless Claims Rise Marginally as Labour Market Remains Stable
The number of Americans filing new claims for unemployment benefits increased marginally by 1,000 to a seasonally adjusted 199,000 in the week ended October 10, according to the US Labour Department. The figure came...
AI Investment Boom Faces Rising Credit Risks as Default Protection Hits Record Highs
The cost of insuring against defaults by US technology companies hit record highs on Thursday, signalling growing credit stress in the artificial intelligence (AI) investment boom. Rising US inflation and expectations of higher interest...
Bank of America Faces Banker Exodus Amid Intensifying Wall Street Competition
Bank of America is facing growing concerns over the departure of several senior investment bankers, prompting executives to reassure employees and reinforce the bank’s commitment to growth. Among the notable exits was veteran banker...
Albertsons Withdraws 2026 Forecasts as Grocer Launches Turnaround Plan
Albertsons (ACI.N) has withdrawn its fiscal 2026 financial forecasts as the US grocery retailer launches a comprehensive business review aimed at cutting costs, lowering prices and reversing sluggish sales. The company is facing cautious...