Canada's Soaring Prowess in Drone Technology Surpasses Global Peers
Canada has emerged as a dominant force in the global drone technology arena, particularly excelling in commercial and scientific research applications. Outshining even technological powerhouse the United States in certain aspects, the nation's expertise has redefined industry standards, driving innovation and practical implementation of drone technology worldwide.
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Trump's 50% Tariff on Amazon Sparks Fears of Retail Upheaval
U.S. President Donald Trump has signed an executive order imposing a 50% tariff on all goods sold through Amazon, set to take effect on August 1, 2025. The move, citing Section 301 of the 1974 Trade Act, accuses Amazon of "unfair competitive practices" and "monopolistic behavior."
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TikTok Shop US Mid-Year Sale Posts Stellar First-Week Results: Multi-Modes and Categories Thrive
TikTok Shop’s US mid-year promotion has kicked off with a historic first-week performance, breaking records across multiple business models and product categories, according to updates on July 18.
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U.S. Launches Section 301 Investigation Against Brazil
The Office of the United States Trade Representative (USTR) announced the initiation of a Section 301 investigation into Brazil. The probe will examine whether Brazil’s policies and practices in areas such as digital trade, electronic payment services, "unfair" preferential tariffs, intellectual property protection, ethanol market access, and deforestation-related measures negatively impact U.S. trade interests.
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Gold Market Oscillates Downward, Economic Data Weighs
Tuesday saw an oscillatory downward trend in the international gold market. The price hit a high of 3348 during the session and plunged to a key support level of 3300. The trading day featured a typical pattern of surging and then falling. In the Asian session, the price reached the day's high of 3348 at the opening and then quickly dropped to around 3306. During the European session, it fluctuated within the range of 3324−3300.
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US Jobless Claims Surge, Raising Concerns about Labor Market
The number of Americans filing for initial unemployment benefits rose by 18,000 to 241,000 in the week ended April 26, according to the data released by the Labor Department on Thursday. This figure exceeded the median forecast of 223,000 by economists surveyed by Bloomberg. Meanwhile, the number of people continuing to claim unemployment benefits rose to 1.92 million in the week ended April 19, the highest since 2021 and also beyond economists' expectations.
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US Manufacturing Sector Faces Gloomy Outlook as ISM Index Plunges
The US manufacturing sector witnessed a significant setback in April, with the ISM manufacturing index registering its sharpest decline since November. Data released by the Institute for Supply Management (ISM) on Thursday showed that the manufacturing index dropped 0.3 points to 48.7, below the 50 - point threshold that separates expansion from contraction, indicating an overall shrinking manufacturing sector.
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US April Non - farm Payrolls Report: A Key Variable for Markets
The US April non - farm payrolls report is set to be a crucial variable for the markets. The market generally expects the addition of 130,000 jobs, the unemployment rate to remain at 4.2%, and the annual growth rate of average hourly earnings to slow to 3.9%. If the data is significantly lower than expected, say the new jobs added are less than 100,000, it may intensify market concerns about a "hard landing" of the US economy, pushing the US dollar index down to test the 98.5 support level, and the pound - dollar exchange rate may test the 1.34 resistance area.
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NVIDIA Plans to Produce $500 - Billion - Worth of AI Equipment in the US
NVIDIA has announced that, with the help of partners such as TSMC, it plans to build artificial intelligence infrastructure worth up to $500 billion in the United States over the next four years. The plan announced by NVIDIA on Monday includes producing its Blackwell AI chips at TSMC's factory in Phoenix, Arizona, and establishing supercomputer factories in Texas in cooperation with Foxconn and Wistron. These factories are expected to start production within the next 12 to 15 months. Under the threat of high tariffs imposed by former US President Trump, many technology companies have promised
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