News

British Business Secretary Reynolds: Britain cannot support Speciality Steel under the proposed terms.

According to Politico: OpenAI supports binding UK AI legislation.

The yield on 10-year U.S. Treasury Inflation-Protected Securities (TIPS) reached 2.622%, the highest level since 2008.

Meta Platforms (META.O): The restriction period will take place during the final week of the US midterm elections. Ad displays prior to the restriction period will continue to function, but editing privileges will be limited.

Reuters, citing a government report, said the Federal Aviation Administration (FAA) needs more funding from Congress to complete the first phase of its $10.6 billion air traffic control reform plan.

U.S. stocks fell briefly during the session, with the S&P 500 down 0.8% to an intraday low, the Nasdaq down more than 1%, and the Dow Jones down 0.4%.

The market has now fully priced in four 25-basis-point rate hikes by the European Central Bank by the end of 2027.

Canadian Prime Minister Mark Carney: Canada and the EU have tremendous opportunities to create prosperity together. Cooperation with the EU could enhance labor mobility.

Canadian Prime Minister Carney: We will reach an agreement with the United States at some point.

Canadian Prime Minister Carney: We are prepared to sit down and negotiate an agreement with the United States. U.S. officials may have a better understanding of Canada's red lines.

Canadian Prime Minister Carney: We welcome Trump's comments that an agreement could be reached soon.

Canadian Prime Minister Carney: A technical stability committee similar to the Financial Stability Board is reasonable.

Canadian Prime Minister Carney: A mutually beneficial agreement may be reached between Canada and the United States.

Canadian Prime Minister Carney: More tax competitiveness measures are coming soon.

Canadian Prime Minister Carney: All federal programs will be subject to the "one program, one review" principle.

Canadian Prime Minister Carney: We are beginning to see active participation from Canadian businesses.

The Chilean peso fell 2.3% against the US dollar as oil prices rose.

Canadian Prime Minister Carney: Some foreign capital has over-allocated to US assets and under-allocated to Canadian assets.

ExxonMobil (XOM.N) said the cause of a power outage at a 264,000-barrel-per-day refinery in Joliet, Illinois, is under investigation.

Google (GOOG.O): Exploring the possibility of building a data center in Lia County, New Mexico.