Coin Press - Economy

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Featured

Amazon surges as US stocks shrug off bond yield worries

Wall Street stocks charged higher Friday behind strong earnings from Amazon that offset the drag from higher US Treasury yields.

Oil giants report blowout profits on war, warn high gas prices could persist

US petroleum giants ExxonMobil and Chevron released blowout profits Friday due to the Middle East war, as executives cautioned that elevated gasoline prices will probably continue to strain consumers.

Last news

US stocks tumble on tariff fog, worries over AI

Wall Street stocks finished sharply lower on Monday following an ugly session dogged by worries over US tariff uncertainty and the potential hit to legacy companies by artificial intelligence.

Canada summons OpenAI over failure to report mass shooter

Canada has summoned senior leadership from OpenAI to Ottawa to explain the company's decision not to report suspicious online activity by an individual who later killed eight people this month.

Panama takes control of canal ports from CK Hutchison

Panamanian maritime authorities took control Monday of two ports on the Panama Canal from CK Hutchison after the Hong Kong-based conglomerate's concession was annulled following pressure from the United States.

Canada PM heads to Asia seeking new trade partners as US ties fray

Prime Minister Mark Carney heads to Asia this week seeking to broaden international trade, part of his plan to reduce Canadian reliance on the United States, which he says has left the country vulnerable.

Where do Ukraine and Russia stand after four years of war?

Russia launched its full-scale invasion of Ukraine on February 24, 2022, unleashing the deadliest war in Europe since World War II.

Police investigating racist abuse of Premier League quartet

Police said Monday they are investigating "abhorrent" racist abuse directed online at four Premier League footballers last weekend.

Stocks diverge, dollar down over Trump tariffs uncertainty

Global equities traded mixed and the dollar fell slightly Monday as uncertainty over Donald Trump's tariffs gripped markets after the US Supreme Court struck down a large part of the president's upending trade policy.

Asian stocks rally after Trump's Supreme Court tariffs blow

Asian stocks mostly rose and the dollar fell Monday after the US Supreme Court struck down a large part of President Donald Trump's tariffs policy that had sent shockwaves through the global economy last year.

'GOAT' battles to top of N. America box office

Sony animated film "GOAT," produced by NBA superstar Stephen Curry, glided into the number one spot at the North American box office, taking in $17 million, industry estimates showed Sunday.

Trump hikes US global tariff rate to 15 percent

President Donald Trump raised the global duty on imports into the United States to 15 percent on Saturday, doubling down on his promise to maintain his aggressive tariff policy a day after the Supreme Court ruled much of it illegal.

Brazil's Lula urges Trump to treat all countries equally

Brazil's President Luiz Inacio Lula da Silva on Sunday urged Donald Trump to treat all countries equally after the US leader imposed a 15 percent tariff on imports following an adverse Supreme Court ruling.

Copper, a coveted metal boosting miners

BHP, Glencore and Teck Resources -- three mining giants whose annual results have revealed significantly increased profits thanks in large part to soaring copper prices.

Cuban Americans keep sending help to the island, but some cry foul

In the early morning, Florida resident Gisela Salgado headed to a local store with a bag stuffed with clothes, coffee and powdered milk to send to her brother in Cuba. She was not alone.

AI revolution looms over Berlin film fest

The artificial intelligence revolution sweeping through the entertainment sector was at first glance not evident at this year's Berlin Film Festival, but the potential for widespread changes was still on people's minds.

Libya's Ramadan celebrations tempered by economic woes

Libyans have been enjoying Ramadan with feasts and fireworks -- but soaring prices, a devalued currency and political divisions have left many with little to celebrate.

French volunteer bakes for Ukraine amid frosts and power outages

In a truck parked in the Kyiv region, Loic Nervi kneaded the dough vigorously before sliding dozens of tins into the oven -- loaves that will later be handed out to Ukrainians.

Trump, once unstoppable, hits snag after snag ahead of major US address

For a year, Donald Trump has governed the United States with little standing in his way.

Battered by Gaza war, Israel's tech sector in recovery mode

Israel's vital tech sector, dragged down by the war in Gaza, is showing early signs of recovery, buoyed by a surge in defence innovation and fresh investment momentum.

'Not the end': Small US firms wary but hopeful on tariff upheaval

Small American businesses warned Friday that a tougher trade landscape was here to stay, as the Supreme Court's rejection of sweeping tariffs was quickly followed by President Donald Trump's pledge to impose new duties.

Counting the cost: Minnesota reels after anti-migrant 'occupation'

The Trump administration has framed its divisive push to round up undocumented migrants in Minnesota as a win for his mass deportation agenda, despite a major backlash and decisive local opposition.

Stocks rise after court ruling against US tariffs

Stocks pushed higher on Friday after the US Supreme Court overturned most of President Donald Trump's tariffs, which could boost company earnings around the globe.

US Supreme Court strikes down swath of Trump global tariffs

The US Supreme Court ruled Friday that Donald Trump exceeded his authority in imposing a swath of tariffs that upended global trade, blocking a key tool the president has wielded to impose his economic agenda.

Stocks volatile after soft US growth data, court ruling against tariffs

Stocks moved higher Friday, with Wall Street recovering early losses spurred by weaker-than-expected US growth after the US Supreme Court overturned most of President Donald Trump's tariffs, which could boost company earnings around the globe.

US GDP growth misses expectations as Trump blames shutdown

US economic growth cooled much more than expected in the final months of 2025, government estimates showed Friday, capping the first year of Donald Trump's return to the presidency.

European stocks rebound, oil prices ease after US-Iran volatility

European stocks rebounded and oil prices fell Friday as investors reassessed the chances of a US strike on Iran, after heightened geopolitical tensions sparked by President Donald Trump's threats amid talks on a nuclear deal.

Florida airport to be renamed after US President Donald Trump

An airport in Florida will soon be renamed after US President Donald Trump, after a bill proposing the change was approved by the state's legislature on Thursday.

Stocks mixed, oil rises after Trump Iran threat

Equities were mixed and oil prices rose on Friday after Donald Trump ratcheted up Middle East tensions by hinting at possible military strikes on Iran if it did not make a "meaningful deal" in nuclear talks.

UN touts panel for 'human control' of AI as leaders weigh message

A new UN panel on artificial intelligence aims to "make human control a technical reality", the global body's chief said Friday as leaders at a New Delhi summit weighed their message on the future of the divisive technology.

Victorious Takaichi promises 'strong and prosperous' Japan

Prime Minister Sanae Takaichi pledged Friday to make Japan "strong and prosperous", while hitting out at China and pledging to keep "hitting the growth button" following her party landslide election win.

Nvidia nears deal for scaled-down investment in OpenAI: report

Nvidia is on the cusp of investing $30 billion in OpenAI, scaling back a plan to pump $100 billion into the ChatGPT maker, the Financial Times reported Thursday.

Japan inflation eases in welcome news for PM Takaichi

Japanese inflation slowed in January, government data showed Friday, in welcome news for Prime Minister Sanae Takaichi after her recent election landslide win.

Stocks drop, oil rises after Trump Iran threat

Most Asia equities fell and oil prices rose Friday after Donald Trump ratcheted up Middle East tensions by hinting at possible military strikes on Iran if it did not make a "meaningful deal" in nuclear talks.

Coin Press - Economy (English)