Posted 1/9/2024, 7:54:30 PM
Bank CEOs Brace for Economic Headwinds; Trump Tariffs, Controversial Cake Promo Face Backlash; Software Glitch Falsely Spikes Bitcoin
- Canadian bank CEOs expect more loan loss provisions and pressure on lending in 2024 due to high interest rates
- Trump's proposed 10% tariff on imports is reviving myths about trade deficits and costs borne by American consumers
- An Italian cake maker and influencer are under investigation over a controversial Christmas cake promotion
- The Canadian dollar slipped to a near 4-week low against the USD as the economy shows sensitivity to rate hikes
- A software glitch caused the SEC to erroneously tweet that it had approved a bitcoin ETF, leading to a brief bitcoin price surge