President Donald Trump has reportedly put $100 million into bonds since taking office in January, through a mixed bet on the debt of both big companies like Meta and Home Depot as well as municipal governments and public entities. The move is notable because he has not placed his investments in a blind trust, unlike other presidents, but also because, as one expert believes, it signals that he expects interest rates to fall. President Donald Trump has gone on a bond-buying spree since taking office, reportedly sinking more than $100 million into debt issued by big companies and municipal governments…
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Donald Trump stunned the logistics industry on Friday by widening his steel and aluminum tariffs to include more than 400 consumer items that contain the metals, such as motorcycles. (Bloomberg) — Most Read from Bloomberg President Donald Trump stunned the logistics industry on Friday by widening his steel and aluminum tariffs to include more than 400 types of consumer items that contain the metals, such as motorcycles and tableware. Customs brokers and importers in the US were given little notice to account for the change, which went into effect Monday and did not exclude goods in transit. The new tariff…
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By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist U.S. stocks fell on Thursday and the dollar and Treasury yields rose, as solid factory data cast a bit more doubt on the Fed’s readiness to lower interest rates next month. All eyes are now firmly on Fed Chair Jerome Powell’s Jackson Hole speech on Friday. More on that below. In my column today, I look at the apparent contradiction between record inflows into U.S. assets from abroad, and the 125 basis points of Fed rate cuts traders are…
The coke is used in what’s known as “integrated” steelmaking. Coke is combined with iron ore and limestone in a scorching-hot blast furnace to produce iron. The molten metal is then moved into a basic oxygen furnace where it becomes steel — the essential and abundant material used in bridges, buildings, ships, cars, and household appliances. (Binh Nguyen/Canary Media) The number of U.S. coal-based steelmaking facilities has declined over the decades, owing largely to growing competition overseas and shifting market conditions at home. No new steel facilities that use coal have been built in the U.S. in decades. Today, roughly 30% of…
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Aug. 19, 2025 /CNW/ – Giyani Metals Corp. (TSXV: EMM) (GR: A2DUU8) (“Giyani” or the “Company”), developer of the K.Hill battery-grade manganese project in Botswana (“K.Hill” or “the Project”), is pleased to announce the closing of its previously announced, and now upsized, non-brokered private placement financing (the “Placement”), raising aggregate gross proceeds of C$3,569,622 from the sale of 59,493,695 units of the Company (the “Units”). The Placement closed after markets on August 18, 2025. Giyani Metals Corp. (CNW Group/Giyani Metals Corp.) Prior to closing,…
The explosion this week at U.S. Steel’s Pittsburgh-area plant has reignited debate about its future. The Clairton plant is part of a long-standing steelmaking tradition in the Mon Valley and Source link
UK metals companies have threatened to take legal action against the government over tariffs on raw steel imports from Asia which they claim have caused a “tsunami” of problems for the industry.Earlier this summer, the business secretary, Jonathan Reynolds, reduced the amount of raw steel from Vietnam and South Korea that can be imported tariff-free in a move designed to protect UK raw steel makers, which face competition from cheap imports.In a letter to Reynolds, a group of manufacturers who use raw steel to make industrial products threatened to sue the government after the cut took effect in July, leaving…
What could a US sovereign wealth fund mean for markets and investors? It could alter the balance between state and private capital by de-risking strategic projects, legitimizing new asset classes, and attracting global co-investment into critical industries. Since President Donald Trump announced the establishment a US sovereign wealth fund (SWF) in February, it has fueled both expectations and controversies. Investors should pay attention because state-backed capital is no longer theoretical. It is being deployed in semiconductors, digital assets, and even major technology platforms. This week’s news that the US government is considering taking a 10% stake in Intel underscores how…