Bessent says no one is outside the reach of US sanctions on Iran, including China

11:30 (ET)The Business Outlook Survey is a summary of interviews conducted by the Bank’s regional offices with business leaders from about 100 firms, selected in accordance with the composition of Canada’s gross domestic product. The Canadian Survey of Consumer Expectations is a quarterly survey aimed at measuring household views of inflation, the labour market and household finances,…

Both the US and Europe are moving to create digital money, but neither has the right idea about how to do it. The key is to allow “narrow banks,” which issue money but not credit, to keep their reserves in central banks and provide capped interest payments to coin holders. LONDON—The debate over stablecoins and…

Nucor (NYSE: NUE) just delivered the kind of quarter that validates the entire domestic-steel thesis, and it did it with numbers that weren’t close to what the Street was modeling. The after-hours reaction — shares down about 0.2% — tells you the good news was already in the price. The headline beat Adjusted EPS: $4.84…

Google will also get the option to purchase about $12 billion worth of Marvell’s stock.

Canada’s financial system has functioned well through a challenging year. Households and businesses remain in stable financial condition, and banks have strengthened their capacity to absorb shocks. However, vulnerabilities have increased in some parts of the system, and a more turbulent global environment poses risks to financial stability.

A bounce may be coming for those momentum stocks that have been brought back to earth, which could open up another selloff, says BTIG’s Jonathan Krinsky.