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  • Mar 13, 2025

Morning Bid: Markets now eye government shutdown after trade row

From one crunch to another, markets are finding it hard to catch a break as we go from tit-for-tat trade wars one day to U.S. government shutdown fears the next. Today I'll take a look at how all of the U.S. policy uncertainty and diplomatic upheavals have sparked a conversation in global investment circles about trust and transparency in U.S. governance and how eroding that could undermine the U.S. position as the world's dominant investment destination. Today's Market Minute * President Donald Trump threatened on Wednesday to escalatea global trade war with further tariffs on European Union goods,as major U.S. trading partners said they would retaliate fortrade barriers already erected by the U.S. president.

  • Mar 13, 2025

Wall St trips on Trump's latest tariff threat; inflation data offers respite

The main U.S. stock indexes slipped on Thursday as President Donald Trump's escalated tariff rhetoric against the European Union impacted investor sentiment, although cooling inflation provided some relief. In his latest trade salvo, Trump announced a plan to levy a 200% duty on European beverage imports unless the EU removes surcharges on U.S. whiskey. He had previously threatened to penalize the bloc if it imposed retaliatory tariffs on American goods next month.

  • Mar 13, 2025

Here's What the Strategic Bitcoin Reserve Could Mean for Bitcoin

Bitcoin (CRYPTO: BTC) is going to be held in a United States Strategic Bitcoin Reserve, according to comments by President Donald Trump and an executive order issued on March 6. This is a watershed moment for the coin, and it might be just the first of a series of similar catalysts if other governments around the world follow suit. Per the White House, the new Strategic Bitcoin Reserve will be stocked with Bitcoin that the Department of Treasury came into the possession of via criminal or civil asset forfeitures, as well as via other avenues that do not involve buying it directly.

  • Mar 13, 2025

Crypto wallet integrated with Telegram introduces crypto trading and yield features

Telegram's crypto wallet, developed by a third-party company called The Open Platform (TOP), has introduced new features for people who don't just use Telegram as a messaging app. The updates include multi-asset trading and yield functionalities. Based on the TON blockchain, TOP launched the wallet in 2023. The company reported that over 100 million users have signed up for an account with Wallet on Telegram. Additionally, it noted that most of these users were new to the crypto ecosystem. The w

  • Mar 13, 2025

Cryptoverse: Bitcoin's bear market hits newcomers hardest

A stampede of new investors hoovered up bitcoin at lofty prices as crypto fever ran high after Donald Trump swept to victory in the November U.S. presidential election. Now, barely six weeks after Trump was inaugurated, bitcoin has sunk into a bear market, drained by a sell-off in global stocks. A wave of investors that entered the market chasing bitcoin's rally past $100,000, especially those using borrowed money, are feeling the pinch from its decline.

  • Mar 13, 2025

Canada's CIBC says capital markets head Culham to replace Dodig as CEO

TORONTO (Reuters) -CIBC announced on Thursday that its CEO Victor Dodig would retire in October and be replaced by Harry Culham, the head of the Canadian bank's capital markets division. Culham will serve as chief operating officer as of April 1 and take over as CEO on November 1, Canada's fifth-largest lender said. As part of CIBC's executive shakeup in September, Culham took on additional responsibility to oversee the bank's global asset management business and enterprise strategy, along with CIBC's Caribbean business.

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