Skip to main content

Featured

Daily Markets Update: Nasdaq Hits Record as Yields Top 5.3%, TSX Flat, Loonie Near 70¢

  S&P/TSX 35,518.55 +0.04% S&P 500 7,773.99 +0.66% Nasdaq 27,477.31 +1.05% Brent US$100.42 -1.8% USD/CAD 1.4250 Flat US 10-yr 5.315% +3.8 bp Monday, October 5 close, with Asia’s Tuesday session. Wall Street’s tech rally pushed the Nasdaq to a fresh record on Monday even as long-term bond yields kept climbing: the U.S. 10-year Treasury yield settled at 5.315%, a new 52-week high. Canada’s TSX barely moved, with tech gains offsetting a slide in energy and financials, and Cenovus fell after unveiling a C$5.7-billion takeover of Athabasca Oil. Oil dropped nearly 2% as G7 emergency stock releases and rising Middle East exports eased supply fears, and the loonie hovered near 70 U.S. cents, close to its weakest level in about 18 months. Canada: TSX Flat as Tech Offsets Energy Index / Stock Close Change S&P/TSX Composite 35,518.55 +0.04% Shopify (SHOP) — +5.7% Athabasca Oil (ATH) — +13.5% Cenovus Energy (CVE) C$44.86 -3.0% Suncor Energy (SU) — -1.2% The TSX added 15.90 points ...
Post a Comment
Read more

article

Labels

Trump Picks Pam Bondi for Attorney General as Matt Gaetz Withdraws Amid Scandal

 

Former President Donald Trump has tapped former Florida Attorney General Pam Bondi to serve as his Attorney General in his 2024 presidential campaign’s proposed Cabinet. The announcement comes after Rep. Matt Gaetz withdrew from consideration amid allegations of sexual misconduct, which he has consistently denied.

Bondi, a staunch Trump ally, served as Florida’s Attorney General from 2011 to 2019 and was a prominent figure in Trump’s impeachment defense team in 2020. Known for her conservative stance on legal and social issues, Bondi’s appointment signals a continuation of Trump’s alignment with loyalists in key roles.

Other Key Cabinet Picks

Trump has also outlined several other choices for his potential Cabinet. These include:

  • Mike Pompeo as Secretary of State: Pompeo previously held the position during Trump’s first term, where he spearheaded diplomatic efforts like the Abraham Accords.
  • Larry Kudlow as Treasury Secretary: Kudlow, Trump’s former economic advisor, is a prominent advocate for supply-side economics.
  • Rick Perry as Energy Secretary: Perry, a former Texas governor, held this position during Trump’s earlier administration and remains a proponent of fossil fuel development.

Gaetz, a controversial figure in the Republican Party, withdrew his name after facing renewed scrutiny over past allegations of sexual misconduct. The claims have resurfaced in the wake of Trump’s consideration of him for the Attorney General post, despite Gaetz’s continued denials.

As Trump moves forward with his campaign, his Cabinet selections underline his strategy of leaning on familiar faces and staunch allies to help shape his policy direction.


    Labels:

    Comments

    Post a Comment