Canada Adds 50% Tariffs on US Copper Wire, Wood Charcoal
Canada has added a 50% tariff on US-made copper wire and wood charcoal to its retaliation list, replacing fish and seafood products that were removed, according to the Department of Finance.
Canada has added a 50% tariff on US-made copper wire and wood charcoal to its retaliation list, replacing fish and seafood products that were removed, according to the Department of Finance.
Workday reported a 12.8% rise in second-quarter revenue as enterprises subscribed to its AI-powered finance and human resources software. Its outlook met estimates, but the shares slipped.
Trump administration officials are negotiating an agreement that would give the United States long-term access to part of Venezuela’s crude reserves, according to people familiar with the talks. The United States is overseeing Venezuela’s oil exports.
The United States is negotiating with Venezuela over taking a large stake in the country’s oil fields. The move is framed as a dramatic Trump administration effort to extend its influence over the post-Maduro government and Venezuela’s vast energy reserves.
American corporate boards are increasingly turning to candidates from outside their own organizations to lead their companies as chief executive officers.
Canada cannot accept a trade agreement with the United States unless it protects the survival of a strong Canadian auto assembly and parts industry, its ambassador to Washington said Thursday. He gave no indication of when negotiations might resume.
A New York Fed study found that wallets linked to countries facing currency or banking crises were more likely to receive dollar stablecoins, with receipt volumes rising during crisis weeks. The researchers say stablecoins give households and businesses a way to obtain dollar exposure outside domestic banking channels, potentially weakening capital controls in future crises.

Personal finance expert and author Anthony O’Neal shares advice on avoiding financial stress when your paycheck is not getting bigger.

The little-known iron ore trader secured money, connections and credibility from blue-chip companies. Several of those firms are now tallying their losses as banks pursue fake invoices linked to the business.
Italy’s Generali said on Thursday that Monte dei Paschi di Siena’s offer for wealth manager Banca Generali presented “growth opportunities,” marking the first indication of openness to the MPS plan from the parties involved.
World Liberty’s proposed trust bank has received preliminary federal approval, according to the Wall Street Journal. The Trump-backed crypto venture is deepening its ties to a senior UAE official who backs taking a 49% stake in the project.

A federal judge on Thursday dismissed a lawsuit accusing Peloton of defrauding shareholders by hiding excess inventory of its home exercise equipment as the worst of the COVID-19 pandemic passed.
Ukraine’s Economy Ministry has lowered its growth forecast for the year from 1.3% to 0.5% as Russian attacks target businesses, energy and logistics infrastructure, and Black Sea ports. Steel, agriculture, retail and exports are suffering, while strikes hit the Zaporizhstal plant and distribution facilities across the country.

Donald Trump’s new 50 percent tariffs could put nearly 90,000 Canadian jobs at risk. With Canada retaliating, the trade conflict could affect people on both sides of the border, while Americans may also bear the cost in other ways.


Canada removed fish and seafood products from its planned counter-tariff list after industry warnings that the measures could raise costs and invite further U.S. retaliation. The tariffs, covering about $20 billion in American goods, are set to take effect September 8.
BlackRock cut the minimum for eligible Bitcoin holders to convert privately held coins directly into iShares Bitcoin Trust ETF shares from $25 million to $1 million, and says the program has processed more than $5 billion. Bitwise also lowered its threshold to $3 million, expanding an in-kind custody service once reserved for the largest holders.

Talks with Canada have broken down, raising questions about the future of tariffs.
US bank regulators plan to narrow their enforcement focus to financial risks, as part of a broader deregulatory push under the Trump administration.
Rupert Murdoch and his son Lachlan Murdoch are considering recombining Fox Corp and News Corp, according to court documents and video. The move would unite a television company with a broad news operation and reinforce the family’s control over its shrinking empire.
Energean is holding exclusive negotiations to acquire some of BP’s upstream oil and gas assets in Egypt, according to two people involved in the process who spoke to Reuters.
Federal Reserve Chair Kevin Warsh is set to give a major speech at Jackson Hole on Friday. Previous Fed chairs have used the address to outline broad policy frameworks and signal their intentions.

Fed chair Kevin Warsh will need to reassure markets in his forthcoming speech.

Crypto traders are watching for Fed Chair Kevin Warsh’s speech in Jackson Hole. One analyst expects him to take a tough stance on inflation, while still predicting that the Fed will delay rate hikes until at least after the November midterm elections.

Investors are preparing for Kevin Warsh’s first speech as chair of the US Federal Reserve at the central bank’s annual economic policy meeting. His comments on the US interest-rate outlook at Friday’s Jackson Hole symposium could offer clues for markets, including stocks and bonds recently pressured by rising Treasury yields.

Treasury yields edged lower as investors prepared for the release of initial jobless claims data and a closely watched speech by Federal Reserve Chair Kevin Warsh.
The technology industry fears Donald Trump could announce sweeping semiconductor tariffs within weeks or months, potentially “dooming” US AI innovation. People familiar with the plans say the framework may still change, with duties possibly extending beyond chips to products such as gaming consoles and data-center servers.

The Trump administration is considering another round of semiconductor tariffs and may expand them beyond chips to products such as laptops, gaming consoles and data-center servers. Commerce Secretary Howard Lutnick reportedly favors linking foreign companies’ tariff relief to investment in US chipmaking, with a possible phase-in period. US tech companies warn the move could undermine hopes of dominating artificial intelligence, while Nvidia and Apple would bear much of the impact.

The U.S. is reportedly considering imposing another round of semiconductor tariffs as technology giants race to outpace China in building AI infrastructure.
Gold and Bitcoin ETFs attracted about $7 billion over five US trading sessions, a record combined inflow concentrated in the largest funds, GLD and IBIT. The buying accelerated as Bitcoin moved above $80,000 and gold topped $4,600 an ounce, with investors seeking scarce assets amid a weaker dollar, US debt concerns and mounting fiscal pressure.

Russian stocks ended Thursday mixed, with the ruble-denominated MOEX Index up 1.07% at 2,093.4 points and the dollar-denominated RTS Index down 0.9% at 767.23. The yuan rose 21 kopecks against the ruble to 12.81. Analysts expect MOEX to trade within 2,050-2,150 points on Friday and see continued ruble weakness.
China said it would monitor US tariff-related actions over alleged overcapacity and could take countermeasures, highlighting continued friction despite a trade truce.
European Commission President Ursula von der Leyen said the EU’s economic model had long depended on cheap Russian energy, free global trade and growing access to China’s market, but those advantages are gone. She promised that the Commission would help European businesses, while not pointing out that its sanctions directly caused disruptions to global trade and Russian energy supplies.
Connecticut’s latest lawsuit against Kalshi adds to the legal battle over prediction markets in state and federal courts. The cases have so far produced roughly split outcomes, suggesting the Supreme Court may eventually face a major task.

Radosław Piesiewicz, head of Poland’s Olympic Committee, was taken into custody during a bribery probe involving the digital-asset platform ZondaCrypto.


Prosecutors are investigating allegations that Zondacrypto CEO gave Radosław Piesiewicz a €40,000 watch to help overcome regulatory hurdles. Piesiewicz has been arrested as part of the probe.
Visa and Mastercard processed their first international card transactions in Syria on Wednesday, marking a major step toward reconnecting the country to global payment networks days after Washington removed it from its state sponsors of terrorism list.
Turkey’s diesel imports from the United States and India reached record levels in August, shipping data showed. Importers diversified their supply sources after Russia banned diesel exports and wider disruptions linked to the Iran war affected supplies.
US Solana ETFs recorded about $9.1 million in net inflows on Aug. 26, led by Morgan Stanley’s MSOL with roughly $5.5 million. The latest demand helped SOL reclaim $100 for the first time since February and reach about $105. Solana ETFs have drawn around $74.8 million this week, putting them on track for their strongest weekly performance of 2026.

New Western sanctions could create a “tainted” Russian cryptocurrency market whose assets would be considered toxic by international counterparties and trade at a significant discount to global prices, Finam Group Chairman Vladislav Kochetkov said. He warned this could isolate Russia from global liquidity and produce a separate pricing circuit governed by its own rules.
After debuting as the most volatile stock among its large-cap peers, SpaceX shares have remained unchanged for three weeks. The unusual calm in Elon Musk’s highly valued company is drawing attention from options traders.

Three Federal Reserve officials reiterated their concerns about the U.S. inflation outlook on Thursday as central bankers gathered in Jackson Hole, Wyoming, for the Kansas City Fed’s closely watched annual economic symposium.
The Ethena Foundation announced four updates, including a proposal to use a fee switch for ENA token buybacks, purchase locked ENA tokens and end future monthly investor unlocks.


Ethena’s token surges after a buyback vote and an overhaul of venture-capital unlocks improved its outlook. The changes seek to reduce selling pressure from investors and direct protocol revenue to ENA as Ethena works to revive USDe growth.
An Anti-Corruption Foundation investigation says Ozon’s largest shareholder, Alexander Chachava, used money from entities controlled by billionaire and Putin ally Gennady Timchenko to buy his stake. The entities held 34.95% of Ozon by April 2026, according to the investigation, which urged the EU to sanction people and companies allegedly controlling the stake for Putin and his inner circle.
Celsius, the everyday energy drink, has outlasted hundreds of competitors in a market crowded with brash brands and startups that quickly collapsed.
Armenia could see its exports fall by 25–27% if it abandons free-trade arrangements with the Eurasian Economic Union, according to Anton Sviridenko of the Stolypin Institute of Growth Economics. He said Armenians could also lose unrestricted labor mobility and need work permits in member countries. Prime Minister Nikol Pashinyan has said Armenia will begin applying for EU membership soon.
Russia has created an economic subcommission to help distressed sectors withstand difficult conditions, First Deputy Prime Minister Denis Manturov said. It will assess sector resilience and propose measures to reduce threats, while monitoring key enterprises, developing engineering and regulatory solutions, conserving critical resources, diversifying logistics and finding new strategic-product suppliers.
Despite markets reaching record highs, asset managers face mounting pressure to attract new clients, making the race to build scale increasingly urgent.
Savers are using 529 accounts to build wealth for themselves or for children they may have in the future.
Bank of Russia data show that non-residents held 3.1% of Russia’s federal loan bonds (OFZ) as of August 1, 2026, up from 3% a month earlier but below 3.8% a year earlier. Their holdings had a nominal value of 1.011 trillion rubles, compared with a total market volume of 32.958 trillion rubles.
Bitcoin’s late-August rebound followed an initial short-covering surge and later broader demand from ETFs and wallet accumulation. VanEck’s history suggests dense capitulation signals may precede stronger one-year returns, but Bitcoin underperformed its all-days baseline over the next 90 and 180 days, making the dashboard a poor timing tool.

Russia consolidated its position as the country with the fourth-largest billionaire population in 2025, Altrata said. It had 151 billionaires at the end of last year, up 18% year on year, with combined wealth of $549 billion. The United States led with 1,265 billionaires, while New York had the most, at 164.
The Bank of Russia set the official dollar rate for August 28 at 85.9541 rubles, up 1.6721 rubles from the previous figure. The euro rose to 100.2998 rubles, moving above 100 for the first time since February 11, 2025, while the yuan reached 12.7691 rubles.
European Central Bank policymakers believed at last month’s meeting that they would probably need to raise interest rates once more to contain the fallout from the Iran war, according to the ECB’s account released Thursday.
Owning emerging-market bonds has not been so terrible over the past year, despite Treasury yields reaching 5%.
Jackson Hole recently hosted both a blockchain symposium and the Kansas City Fed’s annual economic gathering. This year’s central-bank event places crypto and stablecoins alongside instant payments and other digital systems under the theme of financial innovation, highlighting the increasingly close overlap between the crypto industry, traditional finance and central-bank policy.

Salesforce significantly exceeded expectations with its second-quarter earnings and announced an expanded artificial-intelligence partnership with Anthropic. Its shares surged 20%, putting them on course for the company’s second-best day on record.

For the first time, the U.K. tax office separately reported crypto capital-gains figures. Some 17,600 people declared $1.87 billion in profits during the 2024–2025 tax year, including 240 taxpayers who made more than $1.3 million each.

DeFi Development Corp has resumed buying Solana, acquiring nearly 20,000 SOL. DFDV’s return has been more than twice that of SOL in August, while its shares have outperformed SOL by 1.8 times quarter to date.

Six countries that contribute more to the EU budget than they receive called on Thursday for cuts of several hundred billion euros to the European Commission’s proposed long-term budget. They presented a joint position as negotiations entered a decisive phase.
Germany, Denmark, the Netherlands, Austria, Finland and Sweden are urging the European Commission to cut several hundred billion euros from its proposed budget of nearly €2 trillion and oppose new joint borrowing. They say negotiations on the 2028–2034 financial framework have reached a decisive stage and the EU must reprioritize within its budget.
The piece examines how staking on Ethereum is changing in 2026.

Indie game publisher Panic says it has begun receiving refunds for tariffs it paid and has returned the money to Playdate customers who were charged. The company had passed on a 19 percent import tariff because its hardware margins were low, listing it separately on orders.

PURR rose 15% after Hyperliquid Strategies updated its $1.9 billion HYPE treasury and described its balance sheet as a “fortress.” The company said it has since deployed $773.4 million to buy about 16.5 million additional HYPE at an average price of $46.77.

Investors are raising their expectations for long-run economic growth in the US, but Treasury yields should not be interpreted incorrectly on that basis.
Fed official Hammack says now is the time to act on raising interest rates.

U.S. clearing and custody firm RQD* has secured $74 million in investment led by Bain Capital. The company plans to expand its digital-asset and tokenization infrastructure as Wall Street prepares for tokenized markets.

Prime Minister Mikhail Mishustin said Russia’s budget revenues are growing faster than projected and have exceeded 18.64 trillion rubles. He added that non-oil and gas revenues now account for more than 80% of the total, reflecting diversification toward higher-value goods-producing sectors.
Charles Schwab plans to add Solana, Avalanche and Chainlink to its crypto trading platform. Schwab Crypto began rolling out to clients in May with direct access to Bitcoin and Ethereum trading, charging 75 basis points per transaction.

Russia’s international reserves reached $761.2 billion as of August 21, 2026, up $5.6 billion, or 0.7%, in a week, mainly due to positive revaluation, the Central Bank said. Reserves stood at $755.6 billion on August 14.
Chainalysis estimates that at least $457 billion in onchain crypto activity was taxable in 2025, while the Crypto-Asset Reporting Framework covered only 14% of it.

Ghana has announced a ban on exports of unrefined gold. Africa’s leading gold producer says it wants to move beyond being a supplier of raw minerals and capture more economic value from its gold resources.

Yonhap said Thursday that a three-day member ballot held Aug. 25–27 endorsed industrial action, leaving the HD Hyundai Heavy Industries union legally able to strike.
The number of Americans filing for unemployment benefits fell last week, suggesting the labor market remains stable despite a surprise drop in employment in July. The goods trade deficit widened in July.
Fosun International is emerging from a painful property-portfolio clean-up with a sharper focus on pharmaceuticals, insurance and tourism. After years of asset sales and debt reduction, the group returned to stronger profitability in the first half, helped by the absence of heavy impairments that hurt its 2025 earnings.

Prime Minister Mikhail Mishustin said Russia’s GDP rose 0.6% year-on-year in January-June 2026, reaching nearly 102 trillion rubles in nominal terms. He added that the country’s economic development is continuing despite current challenges.
The US merchandise-trade deficit expanded in July to its widest level since early 2025, driven by a decades-high surge in incoming shipments of capital equipment.
Qantas Airways said it will begin retiring its 10 Airbus A380s in mid-2028, four years earlier than planned. Rising maintenance costs and the arrival of newer, more efficient aircraft are hastening the superjumbo’s retreat.
Sterling fell to a one-week low against the dollar and euro as investors reduced their expectations for a Bank of England rate hike this year and turned their attention to the annual monetary policy symposium in Jackson Hole, U.S.
The SEC’s rewrite of custody rules for investment advisers, funds and their crypto assets entered White House review on Aug. 25. OIRA lists it at the proposed-rule stage, but the draft language remains unpublished. The Unified Agenda sets October 2026 as the target for a notice of proposed rulemaking, with no legal deadline recorded.

The Trump administration’s top trade negotiator suggested that the US should consider banning some Canadian goods, adding another threat to the trade dispute between Washington and Ottawa.

The bond market’s reaction points to waning confidence in US economic leadership. A trade war between the deeply integrated US and Canadian economies once seemed unthinkable, but Donald Trump’s recklessness and unpredictability helped derail negotiations and trigger 50 per cent US tariffs on a broad range of Canadian goods, exposing the vindictive and politicised character of his trade policy.
Blockchain Association representative Summer Mersinger dismisses concerns that the Clarity Act’s stablecoin rewards language could harm community banks. Community banker Nate Franzén says the defense fails to address the disadvantage the measure could create for Main Street institutions.

Japan’s latest attempt to support the yen has revived memories of the Asian financial crisis. Former senior currency diplomat Naoyuki Shinohara said the operation bears little resemblance to traditional coordinated intervention.
Kansas City Fed policymaker Schmid described inflation as “stubborn” and “sticky,” saying the policy rate is not restrictive. He stopped just short of explicitly calling for an interest-rate hike.

Modernization of the machine shop at United Shipbuilding Corporation’s Admiralty Shipyard will begin in 2027, CEO Andrey Puchkov said. The wider development plan includes production and power facilities, the deep-water embankment and crane facilities, with special attention to working conditions.
Gulf stock markets climbed in early Thursday trading as investors hoped diplomatic efforts between the United States and Iran could resume after the two countries traded recriminations this week.
Government data released Thursday showed that oil product inventories in Singapore, Asia’s fuel trading hub, rose to a three-week high, with stocks increasing week on week across the barrel.
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