goldman sachs

Mark Carney has won the leadership race for the Liberal Party and is set to become Canada's next prime minister, succeeding Justin Trudeau. Carney brings extensive experience from his past roles at goldman sachs and as the governor of the Bank of Canada and the Bank of England.

Mark Carney, an accomplished economist, has been chosen as the leader of the Liberal Party and the next Prime Minister of Canada, succeeding Justin Trudeau. Carney's background includes significant roles at goldman sachs, the Bank of Canada, and the Bank of England, alongside advocating for climate finance post-central banking.

US President Donald Trump has decided not to double tariffs on Canadian steel and aluminum following Ontario Premier Doug Ford's agreement to drop surcharges on electricity exports. However, the US government will still proceed with a 25% tariff on these imports, escalating economic tensions between the two countries.

US President Donald Trump remains noncommittal about a potential recession in 2025. Despite reassurances from Trump and Commerce Secretary Howard Lutnick, economic indicators such as a negative GDP forecast and declining consumer confidence fuel concerns. Economists raise recession probabilities to 20%, amid market volatility and uncertainty over tariffs becoming permanent.

Devices-as-a-Service (DaaS) platform Swish Club has raised $4.5 million in pre-series A funding led by Powerhouse Ventures. The fundraising includes $3.3 million in equity and $1.2 million in debt financing, according to a company statement.

US President Trump increased tariffs on Canadian steel and aluminum imports to 50%, citing Ontario's electricity price hikes. The decision led to a drop in the US stock market, sparking concerns about economic slowdown and recession risks. Economists warn of inflation and growth challenges, while the White House emphasizes job creation and factory investments in the US.

Canada is on the verge of electing Mark Carney, a seasoned central banker with a solid reputation for crisis management, as the new Prime Minister. Carney, married to British economist Diana Fox, previously headed the Bank of Canada and the Bank of England, earning bipartisan praise for his efforts during financial crises.

Mark Carney will become Canada's next prime minister after securing 86% of the Liberal Party votes, surpassing Chrystia Freeland. With a strong background in economics and central banking, Carney's leadership at the Bank of Canada and the Bank of England has made him a respected figure in the financial world.

India's GDP may be impacted by proposed US tariffs raising by an estimated 0.1 to 0.6 percentage points, as per goldman sachs analysis. The potential rise in tariffs by 6.5 to 11.5 percentage points on Indian imports may significantly affect India's trade dynamics with the US.

Justin Trudeau is set to leave office before reaching a decade as Canada's Prime Minister, with Mark Carney poised to succeed him. Carney, a former governor of the Bank of Canada and the Bank of England, has leveraged his extensive economic background to win 86% of Labour Party votes.

Mark Carney, former central banker with a distinguished career, has won the Liberal Party leadership race to become Canada's next Prime Minister. Married to economist Diana Fox, the couple has four daughters. Carney's eldest daughter, Cleo, is noted for her environmental advocacy.

Warren Buffett's strategic move of reducing Apple and Bank of America holdings and amassing cash has paid off, as market conditions worsen. Berkshire Hathaway's cash reserves doubled to $334 billion in 2024, underscoring Buffett's cautious approach amid high US Treasury yields and market volatility. Time will reveal if this strategy leads to significant gains.

Wall Street experienced a deepening sell-off on Monday due to concerns over the economy and President Trump’s tariffs. The S&P 500 fell 1.4%, and the Nasdaq composite dropped 2.1%, amid fears that tariffs would harm the economy. Big Tech stocks and investors' heavyweights like Nvidia and Apple faced significant declines, impacting market stability.

The Indian stock market closed higher, led by gains in financial and energy stocks following the RBI's $21 billion liquidity infusion and lower crude prices. The BSE Sensex and Nifty 50 both rose significantly. Positive global cues, particularly from a temporary tariff reprieve in the US, also bolstered investor sentiment.

Fears of a US economic slowdown are rising amid falling stock markets and intensified trade war concerns. The Federal Reserve Bank's forecast indicates a potential contraction, escalating recession fears. Trump's aggressive tariffs and growing national debt, highlighted by Ray Dalio, contribute to market volatility. The tech sector is hardest hit, and a potential US recession could have global repercussions.

Deloitte has made office attendance a key factor in performance evaluations for its US tax division, requiring staff to be in the office at least 50% of the week. This policy follows similar actions by other major firms, including Google and PwC, which have also tightened attendance requirements.

Xiaomi aims to expand its electric vehicle market internationally, starting in 2027, following the success of its first mass-produced car, the SU7, in China. With 135,000 units delivered in its initial year, Xiaomi has begun evaluating overseas markets, particularly in Europe, to assess potential demand and opportunities.

The price of gold has been bursting through records in the first month of Trump’s second term and among the explanations is that the US President could spark stronger inflation and worsen geopolitical tensions.