Air India Boeing 787 with GE GEnx-1B engines crashed in Meghani Nagar killing 242 aboard, 19 on ground, one survivor when fuel switches moved to cutoff three seconds after Ahmedabad-London takeoff. India's Ministry of Civil Aviation AAIB investigates decade's deadliest aviation accident.
President Trump announced 50% copper tariff during Cabinet meeting following national security review, with Commerce Secretary Howard Lutnick indicating July-August implementation. Copper futures surged 13% in biggest one-day move, rising 37% in 2025, 29% in six months, 21% annually, affecting building construction, equipment manufacturing, electric vehicles, electronic products, raising inflation concerns amid 25% domestic premium over London Metal Exchange.
Trump announces 35% Canada tariffs starting Aug. 1 via Truth Social, up from 25% February levels targeting fentanyl trafficking. Cites trade deficit national security threats, 400% dairy tariffs, pressuring Ottawa and two dozen trade partners before July 21 deadline as Canadian trade negotiators work in Washington.
Nvidia reached $4tn market value first worldwide despite Trump tariff concerns. CEO Jensen Huang led climb from $1tn June 2023, reporting $44.1bn revenue, 69% jump, 81 cents profit as AI chip demand surged exponentially.
Recruit Holdings cuts 1,300 jobs at Indeed and Glassdoor from 20,000-employee HR unit, following previous 1,000 and 2,200 layoffs. CEO Hisayuki Idekoba integrates Glassdoor into Indeed, prioritizing AI. Christian Sutherland-Wong exits October 1, LaFawn Davis leaves, Ayano Senaha succeeds.
Gambhira Bridge collapsed Wednesday morning in Gujarat's Vadodara district, killing nine and injuring five when vehicles fell into Mahisagar River. Prime Minister Modi called the 1985-constructed bridge failure deeply saddening, offering condolences amid India's ongoing infrastructure safety concerns.
Italian Ferrero Group acquires WK Kellogg Co for $3.1 billion ($23/share), gaining Battle Creek cereal brands including Corn Flakes across U.S./Canada/Caribbean markets. CEO Gary Pilnick expects second-half 2025 closing, NYSE delisting follows completion.
Trump announced via Truth Social modifiable 25% tariffs on Japan, South Korea and 25-40% rates on South Africa, Myanmar, Malaysia, Kazakhstan, Laos effective August 1. Press Secretary Leavitt confirmed executive order moving deadline for negotiations. Dow fell 422 points.
China warned the Trump administration against reigniting trade tension through tariffs restoration from August 1, threatening retaliation against nations striking supply chains deals. People's Daily cited June trade framework, Peterson Institute data showing 51.1% average U.S. tariffs, 32.6% Chinese duties, with August 12 deadline. Vietnam secured 20% tariff reduction with 40% transshipped levy, prompting Communist Party opposition.
Trump delayed reciprocal tariffs from July 9 to August 1, announcing 25% tariffs on South Korea and Japan. Liberation Day April 2 triggered $3.1 trillion market losses before 90-day suspension. Treasury Secretary Scott Bessent sent 100 countries warnings. Trump threatened 10% BRICS tariffs. China trade agreement reduced tensions. Mexico-Canada face 25% tariffs excluding USMCA products. Current 15% effective rate.
President Trump announced 10-12 tariff letters Friday establishing 10-70% rates effective August 1, exceeding July 9 deadline following Liberation Day April reciprocal tariffs with 90-day pause. Administration secured UK Vietnam deals (20% rate, 40% transshipment tariff) and China truce ending tit-for-tat tariffs. Treasury Secretary Scott Bessent supports Trump's approach. Japan faces 30-35% threat amid criticism while EU South Korea continue negotiations. Trump prefers unilateral rate-setting over extended talks, reshaping international commerce.
Trump's 35% Canadian tariff disrupted North American economy, supply chains, sparking retaliatory action fears. S&P 500, Dow Jones, Nasdaq fell from records during afternoon session, impacting automotive, energy, critical minerals sectors, creating high-quality stock buying opportunities amid price drops.
Trump's executive action extended tariff deadline to August 1, announcing via social media 25% tariffs on Japan and South Korea while sending letters to trading partners regarding bilateral agreements with India, Brazil, European Union since April talks.
European Union seeks preliminary US trade deal securing 10% tariff rates beyond Aug. 1 deadline, wanting aircraft, wine, spirits exemptions from potential 50% jump. Trump imposed 25% automobile, steel aluminum tariffs citing domestic manufacturing. European Commission navigates divided member states while preparing €21 billion retaliation targeting Boeing, plus €95 billion additional tariffs covering pharmaceuticals, semiconductors through offsetting mechanism negotiations.
Trump announced Tuesday a 50 percent copper tariff affecting Canada's $9.3 billion exports, 52 percent to U.S. Prime Minister Mark Carney awaits details before July 21 deadline. Mining Association's Pierre Gratton warns Quebec operations face concerns as tariffs may benefit Chinese refiners.
Tesla shares dropped 7 percent by 12pm Monday (16:00 GMT) after CEO Elon Musk announced Friday launching new US political party amid feud with President Trump over tax legislation. Trump threatened cutting billions in federal subsidies following early June social media brawl. Tesla faces $80bn market valuation loss while traders gain $1.4bn from short positions.
Bitcoin reached $118,000 Friday, up 9.7% from July 7's $108,300 low, posting 42% three-month and 102% yearly gains. Trump administration's Strategic Bitcoin Reserve, White House Federal Reserve rate pressure, regulatory policy reviews, mining companies securing cheaper energy sources, industry consolidation, and 15-month halving effects drove the all-time high.
Talker Research surveyed 1,000 Americans January 15-20 on saving habits. Generation Z leads: 21 percent save 1-10 percent, 25 percent save 11-20 percent, 5 percent save entire salaries, only 16 percent save nothing. Millennials: 26 percent save nothing. Baby Boomers: 32 percent save nothing. Generation X: 33 percent save nothing. Silent Generation saves nothing. Men outperform women. Julie Beckham from Rockland Trust attributes Gen Z success to building stage of life, social media financial education, and student loan caution.
Trump's 30% tariff on South African exports, effective August 1, devastates white farmers including Krisjan Mouton in Western Cape's Citrusdal. South Africa, world's second-largest citrus exporter after Spain, loses $100 million annually. Citrus Growers' Association's Boitshoko Ntshabele and Andre Nel from Goede Hoop Citrus warehouse warn 35,000 jobs face risk. President Cyril Ramaphosa pursues China, India markets while competing against Peru, Chile, Australia.
Samsung Electronics Q2 profit dropped to $3.4 billion, down 56% yearly on sluggish chip sales, U.S. tariffs, memory inventory losses, China AI chip export controls affecting non-memory sector, with final earnings report pending.
Bitcoin reached record $118K with $280 million treasury investments as House adopts Senate's GENIUS stablecoin bill. Industry leaders lobbied Capitol Hill while SharpLink bought 10,000 ETH, Bitmine announced plans. ETH, SOL, SUI surged before historic Crypto Week.
Treasury Secretary Scott Bessent predicted major trade announcements before July 9 when higher tariffs resume. Trump suspended April 2 increases targeting 18 trading partners representing 95 percent trade deficit, plus 100 smaller countries. India, European Union, Thailand face 36-70 percent tariffs, Boeing jets purchases, or deals within 24-48 hours by August 1 deadline.
Industry Minister Mélanie Joly announced talks with Rio Tinto in Saguenay about cash flow assistance after Trump's 50 percent steel/aluminum tariffs. The UK/Australia-based company employs 4,000 in Saguenay-Lac-Saint-Jean region, announced $1.4 billion aluminum smelting expansion in 2023. Canada responds July 21.
Gold rose 0.5% to $3,340 ounce, up quarter this year and $160 short of record, gaining 2% weekly as Trump announced August 1 tariffs. House passed $3.4 trillion deficit bill per Congressional Budget Office. Strong payroll figures reduced Federal Reserve July rate cut bets. Central banks demand, UK Vietnam deals, China truce supported haven positioning amid trade tensions.
Trump's tariff policies triggered stock market plunge as China trade war escalated with 145% Chinese duties, creating recession risk. Yale Budget Lab found 25.2% average tariff rate causing 2.7% price increases, costing households $4,400 annually. Preston Caldwell and Mark Zandi warn smartphones and shoes prices will surge despite reciprocal tariffs pause, while unemployment remains low and inflation cooled in March, though consumer spending curtailment threatens economic stability.
Coca-Cola KO, Caterpillar CAT, McDonald's MCD enable monthly dividend income through staggered quarterly payments. Dividend Aristocrats deliver: KO's 5% EPS growth, $0.77 adjusted EPS, Zacks Rank #2; CAT's 1.4% yield, 7.9% growth; MCD's 2.5% yield, 8.4% growth, 61% payout ratio.
Treasury Secretary Scott Bessent leads first official US-China weekend trade talks in Geneva, addressing tit-for-tat tariff hikes between world's two largest economies since Trump's January inauguration. Switzerland facilitates diplomatic breakthrough as starting point for de-escalation, focusing on reinitiating dialogue despite low expectations.
Credit card debt with 21% APRs overwhelms millions of Americans unable to exceed minimum payments, maintain credit utilization below 50%, or keep debt-to-income ratios under 36%. Many charge basic expenses on credit cards, signaling unsustainable debt levels. Solutions include debt management plans, settlement programs offering 30% to 50% debt reduction despite credit score implications, balance transfer cards with 0% APR periods, and Chapter 7 or Chapter 13 bankruptcy for extreme cases requiring professional intervention.
Asia stocks rose Thursday as AI designer Nvidia hit $4 trillion valuation. MSCI Asia-Pacific up 0.2%, Nikkei down 0.56%, CSI300 up 0.2%, Hang Seng up 0.1%. Trump announced 50% copper, Brazil tariffs plus seven minor partners effective August 1. SMBC's Jeff Ng cites investor numbness versus April Liberation Day selloff, Federal Reserve rate cut expectations supporting markets despite temporary tariff price shocks.
Social Security averages $2,000 monthly providing financial foundation while annuities offer guaranteed income for life via lump sum payment. This retirement portfolio strategy enables delaying age 62 claims until age 70 for 8% annual growth, manages rising living costs, protects savings through predictable monthly payments, and addresses 85% taxable threshold.
Treasury yields climbed Monday, with 10-30 year Treasuries rising at least five basis points before auctions this week. Trump administration signaled August 1 tariffs with 10-70% rates, Treasury Secretary Scott Bessent offering three-week extensions beyond July 9 deadline. Bloomberg Dollar Index rose 0.5%. Trump's One Big Beautiful Bill adding $3.4 trillion deficit pressured bonds. Strong June employment data eliminated pricing for more than two quarter-point cuts, with October rate cut fully priced. June Fed minutes publish Wednesday. Few trade agreements completed, increasing uncertainty.
Trade Minister Piyush Goyal prioritizes national interest over Trump's July 9 deadline. Trump imposed 26 percent tariffs April 2, then 10 percent interim rates April 9. India resists opening agriculture, dairy sectors, seeks advantages over Vietnam, China, proposes WTO retaliation over 25 percent automobile tariffs affecting $2.89bn exports.
Thailand's Finance Minister Pichai Chunhavajira reworks trade proposals after Thursday meetings with US Trade Representative Jamieson Greer and Deputy Secretary Michael Faulkender before next week's deadline. Thailand faces 36% tariff threat despite $46 billion trade surplus, 18% export share. Prime Minister Paetongtarn Shinawatra suspended over Cambodia border dispute. 15% export surge from front-loading orders followed 90-day pause. One percentage point GDP impact threatened amid highest household debt, sluggish consumption.
Greater Toronto Area home sales declined 2.4% annually to 6,243 properties in June 2025, but increased 8.1% monthly. Active listings jumped 30.8% to 31,603 while average prices fell 5.4% to $1,101,691 amid Canada-US trade war uncertainty affecting buyers.
Microsoft's Judson Althoff announced $500M AI call center savings while cutting 9,000 jobs, totaling 15,000 layoffs. Xbox's Matt Turnbull suggested workers use ChatGPT and Copilot for support. Despite record first quarter $26 billion profit, $70 billion revenue, and $3.74 trillion market cap, Microsoft plans $80 billion AI investment.
Bitcoin reached $112,000 record high Wednesday, up 50% from April, targeting $146,400 via measuring principle ($37,600 + $108,800 breakout), offering 32% upside. Institutional ETF demand supports November-range $107,000/$100,000 levels.
Trump Media filed July 8 for Truth Social Crypto ETF via Yorkville America Digital partnership. Fund allocates 70% bitcoin, 15% ethereum, 8% solana, 5% CRO, 2% XRP. William Pulte directed Fannie Mae, Freddie Mac accept crypto collateral. Bitcoin hit $111,000 records, company shares declined Wednesday.
European Parliament reports house prices rose 50% (2015-2023), rents 18% (2010-2022). Crisis affects Lisbon, Amsterdam, Budapest where wealthy foreigners price out locals. Vienna maintains stable social housing since 1920s. Private equity treats houses as assets, driving inequality. Far-right politicians exploit housing resentment. 2024 housing ministers signed EU declaration supporting affordable housing. Guardian series documents frontline impacts. Property becomes inequality driver, transferring wealth from have-nots to haves.
A man and woman student pilots from Harv's Air Service died Tuesday at 8:45 a.m. when their Cessna 172 and Cessna 152 crashed mid-air during takeoff landing exercise near Steinbach South Airport in Manitoba's Hanover municipality, south of Winnipeg. Owner Adam Penner confirmed one sought private pilot licence, other commercial training. RCMP and Transportation Safety Board investigate. Grief counsellors deployed.
Certis' medical leave policy controversy highlights workplace privacy boundaries. HR expert Raunak Bhandari warns intrusive practices like 24/7 availability demands erode work-home boundaries, risking reputational damage, legal disputes, reduced staff engagement. Employees should document requests, contact union representatives, Tripartite Alliance, maintaining trust and transparency under Employment Act, Personal Data Protection Act.
Donald Trump's tariffs force supply chain restructuring as 90-day pause expires Wednesday. Learning Resources' Rick Woldenberg saw costs jump from $2.5m to $100m under 145% Chinese tariffs, now at 30%. Companies face 10% general tariffs and 25% Canadian tariffs. Woldenberg moved 16% production to Vietnam and India while pursuing continuing legal case. Supply chain expert Les Brand from Supply Chain Logistics warns switching manufacturing affects razor-thin margins. Brand criticizes tariffs' speed and velocity. Woldenberg states hope is not strategy.
Real estate investors purchased 27% of homes in first quarter 2025, totaling 265,000 properties according to BatchData, exceeding 18.5% historical average from 86 million single-family homes. Rising mortgage rates since 2022 created sales slump. Mom-and-pop investors control 85%, while Parci Labs data shows six major companies sold more than purchased.
Volkswagen Group sold 465,000 electric vehicles in first half 2025, up 47% and 90% overall, totaling 4.4 million deliveries. Trump's 25% tariff hurt North America while China EV competition caused third-drop. Audi, Porsche, Mercedes-Benz also declined.
President Donald Trump's 90-day pause on reciprocal tariffs ends July 9. Treasury Secretary Scott Bessent says tariffs boomerang back Aug. 1 to April 2 Liberation Day levels that triggered epic stock crash, reversed when negotiations began, unless trade deals reached.
Nissan delays two SUV models production at Mississippi plant one year from 2028, scrapping sedan and compact SUV from five planned EVs due to weak demand. Honda postpones fuel-cell investments amid downgraded 2030 targets as Trump reviews Biden incentives.
Palantir guides $3.89-3.9 billion revenue with 55% government contracts, 71% commercial growth, trading 250 times forward earnings. Amazon's AWS reaches $107.6 billion with $100 billion infrastructure investment. Meta's $64-72 billion AI spending drives 37% EPS surge, 1 billion users, Advantage+ suite delivering 46% conversion lifts. Companies trade 23 times 2027 earnings despite AI success.
Cryptocurrency trading evolved from wild west Bitcoin origins dominated by tech evangelists and retail investors through Mt. Gox collapse, ICO boom 2017, and memecoins speculation. European Union's MiCA Regulation phased in 2024, spot bitcoin ethereum ETFs, CASPs, and blue-chip tokens drove institutional adoption. Crypto-Asset Service Providers created structured systems replacing chaotic altcoins trading with mainstream acceptance.
Toronto Mayor Olivia Chow confident $30-million federal funding secure despite partial sixplexes approval in nine of 25 wards. Housing Minister Gregor Robertson oversees $471-million agreement. Toronto completed 108 multiplexes since 2023 fourplexes policy. Urban planner Sean Galbraith cites prohibitive $63,000-$68,000 per unit fees. Councillor Stephen Holyday opposes expansion. City built 20,999 new homes in 2024.
Chevron and TotalEnergies offer compelling energy investments amid weak oil prices creating downward pressure on shares, with TotalEnergies yielding 6.3% versus 3.5% industry average. Chevron increased dividends 38 consecutive years, maintaining 0.2 debt-to-equity ratio in first quarter 2025, second-best among peers. French energy giant TotalEnergies pursues all-of-the-above strategy through decades-long energy transition investments while European peers cut dividends. Both integrated companies span production to refining, weathering volatility better than pure-play competitors despite French tax implications.
WSIB CEO Jeff Lang and OCEU president Harry Goslin reached tentative agreement addressing frontline staffing, outsourcing, safer workloads after 3,600 CUPE Local 1750 workers struck May 22. WSIB serves 5.3 million people across 300,000 Ontario workplaces.