A best-case scenario for stocks is quickly fading, BMO says. The bank said that a Goldilocks scenario — an ideal economic setup for stocks where the US economy continues to grow while inflation is subdued — looks less likely due to a confluence of factors that could spark a global slowdown and impact equities. In
A leaked report from the Los Angeles Economic Development Corporation outlines devastating aftershocks that would follow if David Ellison pulled Paramount Skydance out of California. A copy of the report published by Politico reads, “At a minimum, relocating Paramount’s headquarters and other operations out of California would result in losses of 2,750 and 5,550 job-years
Welcome to Eye on AI. Beatrice Nolan here. In today’s issue: Anthropic examines the economic impact of AI. U.S. accuses Chinese AI firms of industrial-scale model copying. Meta launches its AI agent, Muse. And the amount businesses spend on AI is falling. Anthropic has three very different visions for the impact AI will have on
Economists are warning that Canadian Prime Minister Mark Carney’s “dollar-for-dollar” tariff strategy could mean some economic pain for the Great White North, but Canadians are so frustrated with the Trump administration they support the move anyway. Canada implemented retaliatory tariffs of 15% to 50% that took effect on Tuesday and will impact hundreds of U.S.
Following the Federal Reserve is the closest thing market-watchers have to an ongoing soap opera. The “will they / won’t they” push-and-pull around interest rates can turn on a dime, depending on the day’s news. The central bank’s next move is always under a microscope. But for the entirety of 2026 so far, the Fed
China is pumping tens of billions of dollars into eight state-owned banks and insurance companies to help shore up the country’s financial system and boost its slowing economy. The cash injection, which is being led by China’s finance ministry, will total 360 billion yuan ($53.6bn; £39.7bn), state news agency Xinhua said on Sunday. The outlet