Statistics Canada released its December data for gross domestic product (GDP) by industry on Friday (February 27). While overall GDP increased 0.2 percent, the figures showed a broad 0.9 percent decline in the mining, quarrying, and oil and gas extraction sector, reversing a 0.1 percent increase in November. In real dollars, the sector contributed C$119.62 billion in the month, just ...
Technical analysts Kevin Wadsworth and Patrick Karim of NorthstarBadcharts.com share an update on the capital rotation process that they see unfolding, and explain what it means for precious metals, as well as the US stock market and Bitcoin. They also talk about the opportunity they see in oil and how to get exposure to the market. Securities Disclosure: I, Charlotte ...
We also break down next week’s catalysts to watch to help you prepare for the week ahead. In this article: This week’s tech sector performance Tariff concerns sent global stocks drifting on Monday (February 23), with US futures pointing lower at the start of the week even though the Nasdaq Composite (INDEXNASDAQ:.IXIC) ended a three week losing streak the previous ...
China is expanding a network of space facilities across Latin America that could strengthen Beijing’s military surveillance and war-fighting capabilities in the Western Hemisphere, according to a new report. A new report from the House Select Committee on the Chinese Communist Party identifies at least 11 PRC-linked ground stations, radio telescopes and satellite ranging sites in Argentina, Venezuela, Bolivia, Chile ...
A resolution led by Reps. Thomas Massie, R-Ky., and Ro Khanna, D-Calif., aimed at curbing President Donald Trump’s war powers in Iran is getting the blessing of the House of Representatives’ top Democrat. House Minority Leader Hakeem Jeffries, D-N.Y., released a statement alongside other Democratic leaders Thursday announcing that they will force a vote on Massie’s resolution next week. ‘As ...
Talks between Iran and the U.S. wrapped up in Geneva Thursday as officials cited ‘significant progress’ and announced a next meeting set for Vienna within days. Yet despite senior U.S. officials describing the third round as ‘positive,’ per Axios, Iranian state television also reported that Tehran will continue enriching uranium and rejected proposals to transfer it abroad. According to The ...
Denmark will head to the polls on March 24 after Prime Minister Mette Frederiksen called a snap parliamentary election, a move widely viewed as an attempt to consolidate rising public support tied to her handling of tensions with President Donald Trump over Greenland. Frederiksen announced the early vote on Wednesday, arguing that Denmark needs political clarity at a time of ...
Former Secretary of State Hillary Clinton wasted no time criticizing Republicans after she emerged from a roughly six-hour grilling in the House Oversight Committee’s Jeffrey Epstein probe Thursday evening. Clinton told reporters she answered questions ‘repetitively, literally over and over again’ after blasting Republicans for holding a closed-door deposition instead of a public hearing. She said, however, that she would ...
Afghanistan and Pakistan exchanged significant cross-border fire Thursday in an escalation of hostilities along their shared border, according to multiple reports. The clashes came after the Taliban said it launched retaliatory strikes on Pakistani military positions, while Islamabad said it was responding to unprovoked fire in the area. Reuters reported that both forces clashed for more than two hours along ...
Denmark will head to the polls March 24 after Prime Minister Mette Frederiksen called a snap parliamentary election, a move widely viewed as an attempt to consolidate rising public support tied to her handling of tensions with President Donald Trump over Greenland. Frederiksen announced the early vote Wednesday, arguing Denmark needs political clarity at a time of mounting geopolitical pressure. ...