Author: Press Room

Canada’s banker-turned-prime-minister pulled off a political miracle, leading his party from polling abyss to a rare fourth term in power, and securing the top government job after entering electoral politics just three months ago.Mark Carney, the country’s new leader, told Canadians that he was the right person to stand up to President Trump and that, with his economics expertise, he knew how to boost the country’s lackluster economy and fortify it in turbulent times. Now he has to actually do all of that, and quickly, as his country moves from a prolonged period of political turmoil and faces the fallout…

An all-Black, all-female World War II unit received the Congressional Gold Medal on Tuesday for improving soldiers’ morale with their work sorting mail addressed to those on the frontlines.Congress passed bipartisan legislation in 2022 to recognize the unit with the gold medal, one of the highest civilian honors. On Tuesday, House Speaker Mike Johnson  hosted the ceremony to award the honor in Emancipation Hall at the U.S. Capitol building. “The entire Six Triple Eight are great American patriots, loyal to a nation that for far too long failed to return that favor,” said the Louisiana Republican in his opening remarks at…

President Trump has expressed little interest in fighting climate change. One of his key cabinet officials has even sought to evaluate whether humanity benefits from a warming climate, in a bid to undermine environmental rules.Yet even as he works to accelerate oil and gas production, Mr. Trump’s economic approach may inadvertently reduce greenhouse gas emissions, as consumption slows in response to a global trade war.Any reprieve for the planet, however, would be brief. Over the longer term, tanking the economy with tit-for-tat tariffs is likely to impede progress, because of how much clean energy deployment depends on overseas supply chains…

S&P 500 has lost more than 7% since inauguration day in weakest start to a presidency since 1970s

Private acquisitions have stripped more than $1tn from European equity markets in the past decade, according to a new report underlining how stock markets are losing out in the private capital boom. The trend poses a “much bigger threat” for European capital markets than defections of listed companies to Wall Street, according to a new report by HSBC Global Research and think-tank New Financial. The report identified 1,013 European listed companies that have been acquired by private equity or unlisted companies in the past decade, compared with 130 that had moved to the US stock market.“The inability of public markets adequately to…

The year had barely begun when Gov. Ron DeSantis of Florida demanded legislation cracking down on illegal immigration — before President Trump was inaugurated, and before any other state could beat him to it.The Republican governor got his wish. And now, the impact of the state’s new, aggressive enforcement powers is starting to become clear.The Trump administration has boasted of making hundreds of immigration arrests in Florida, with the state’s help. A South Florida detention center has added a plexiglass structure with rows of cots to deal with overcrowding. Mr. DeSantis and his handpicked attorney general, James Uthmeier, threatened to…

Calgary remains a Conservative stronghold after Monday’s federal election, winning all but one of the city’s electoral districts. Although winners were declared early in most of the city’s ridings, it was a late night in Calgary-Centre, Calgary-McKnight, and Calgary-Confederation, where races were too close to call.The Conservatives held on to Calgary-Centre, where incumbent Greg McLean was re-elected for his third term after a tight race with Liberal candidate Lindsay Luhnau.McLean told reporters he was pleased with the growth in Conservative support across the country and in Calgary.“It is a city that’s been held back by this Liberal government’s policies,” McLean…

The Prime Minister has attempted to quash the suggestion the failed Voice referendum would be resurrected after the Foreign Minister hinted on a podcast that the issue had not yet been put to bed.Senator Penny Wong suggested in her debut podcast interview on Betoota Talks that people would one day look back on the 2023 referendum in a similar way to marriage equality and wonder why it had been so controversial.“I think we’ll look back on it in 10 years’ time, and it’ll be a bit like marriage equality, don’t you reckon?“Like I always used to say, marriage equality took…

India’s army on Tuesday said it had repeatedly traded gunfire with Pakistani troops across the Line of Control (LoC), the de facto Kashmir border, a heavily fortified zone of high-altitude Himalayan outposts. Pakistan’s military did not confirm the shooting, but state radio in Islamabad reported on Tuesday it had shot down an Indian drone, calling it a violation of its airspace. It did not say when the incident happened, and there was no comment from New Delhi. “ENDS OF THE EARTH” Tensions have been rapidly mounting in the week since the Pahalgam attack, with tit-for-tat diplomatic barbs, expulsion of citizens…

To get more personalized investment strategies, join us for our next “Fast Money” Live event on Thursday, June 5, at the Nasdaq in Times Square.Over President Donald Trump’s first 100 days, the S&P 500 lost more than 7% while the tech-heavy Nasdaq Composite dropped 11%.On a sector basis, consumer staples is the biggest gainer in that time period, up 5%. Consumer discretionary lost the most value, off 13%.We asked the “Fast Money” traders to share which market areas should see the most promise — and problems — over the next 100 days.No. 1: Karen FinermanMost promise: Big cap pharma. She’s…