Skip to main content

Featured

Wall Street Pauses as Oil Surges and Tesla Stumbles

  U.S. stocks stalled on Thursday as investors weighed a sharp rise in oil prices against a wave of fresh corporate earnings. Futures tied to the Dow Jones Industrial Average and the S&P 500 hovered near the flat line, while the Nasdaq 100 also showed little movement. Energy markets took center stage after oil futures jumped more than 5% following new U.S. sanctions on Russian producers, pushing Brent crude toward $66 a barrel and West Texas Intermediate closer to $62. The surge added pressure to inflation concerns already weighing on Wall Street. On the corporate front, Tesla shares slipped over 3% in premarket trading after the electric vehicle maker posted mixed third-quarter results, disappointing investors and kicking off the “Magnificent Seven” earnings cycle. IBM stock also dropped about 7% , as stronger-than-expected profits were overshadowed by weaker software revenue. Traders are now awaiting results from American Airlines and T-Mobile , with Intel set to ...
Post a Comment
Read more

article

Labels

Carney Pledges Bold Investment Plan, Warns of Tough Trade-Offs Ahead

Carney vows budget will spur 'unprecedented' investment, but warns of 'sacrifices'.


Prime Minister Mark Carney has set the stage for his first federal budget, promising what he called “unprecedented” levels of private sector investment over the next five years. Speaking at the University of Ottawa, Carney said the government has the fiscal strength to act decisively, but cautioned Canadians that the ambitious plan will require sacrifices.

Carney emphasized that Canada must diversify its trade and reduce reliance on the United States, particularly in the wake of recent tariff disputes. He outlined a goal to double non-U.S. exports within the next decade, aiming to generate an additional $300 billion in trade.

“Now is not the time to be cautious because fortune favours the bold,” Carney declared, framing the budget as both a growth strategy and a test of national resilience.

The budget, set to be released on November 4, is expected to focus heavily on infrastructure, trade corridors, and energy projects, while also demanding fiscal discipline. Analysts suggest the plan could reshape Canada’s economic trajectory, but warn that the sacrifices Carney alluded to may include spending cuts or tax adjustments.


Labels:

Comments

Post a Comment