The Bank of Canada is likely to cut interest rates by a quarter percentage point on Wednesday as officials lay out their analysis of how US tariffs might derail a soft landing for the Canadian economy.
The Black Swan author Nassim Taleb is warning that Monday’s brutal selloff in Nvidia Corp. is just a taste of what’s in store for investors who blindly piled into Wall Street’s AI-driven stock rally.
Barrick Gold Corp. and Mali are set to resume talks on resolving a monthslong dispute over the distribution of revenue from one of the world’s biggest gold mines.
Oaktree Capital Group LLC co-founder Howard Marks says investors who made a fortune in the era of easy money should not expect the same strategies to deliver such exceptional returns in the future.
Turkey is planning to increase the tax on lira deposits and money market funds in coming days, as it seeks to narrow a budget deficit estimated at around 5% for last year.
Pacific Investment Management Co. is among asset managers looking at buying a portion of $3 billion of debt tied to Elon Musk’s buyout of X, according to people with knowledge of the matter.
Hungary kept its main interest rate unchanged for a fourth month as a jump in inflation prevented a return to monetary easing for the recession-hit economy.
RTX Corp. surpassed earnings expectations in the final quarter of the year as it benefited from continuing demand for its military hardware and aircraft maintenance services.
US consumer confidence suddenly dropped in January to a four-month low thanks in part to renewed pessimism about the labor market and the outlook for the broader economy. Complaints that jobs are harder to get are up while expectations that wages will rise are down—as is the number of people saying business conditions are good.
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Cathie Wood, head of ARK Investment Management, usually targets tech stocks that she says have a disruptive impact, even if the company is not profitable yet. She is buying more shares of one of her favorite artificial intelligence positions.