• Apr 21, 2025

TSX falls as Trump's Fed criticism shakes markets

(Reuters) -Canada's commodity-heavy main stock index fell on Monday, led by a decline in energy shares, as investors were jittery after U.S. President Donald Trump's criticism of Federal Reserve Chair Jerome Powell. Toronto Stock Exchange's S&P/TSX Composite Index fell 0.6% to 24,037.16 points, on pace to snap its five-session winning streak. Including Monday's moves, the TSX shed 2.4% in 2025, compared with 11.6% downfall on S&P 500 in the U.S.

  • Apr 21, 2025

Davos gathering founder Klaus Schwab quits as World Economic Forum chair

ZURICH (Reuters) -Klaus Schwab, founder of the World Economic Forum, whose annual gathering of business and political leaders in the Swiss mountain resort of Davos became a symbol of globalisation, has resigned as chair of its trustees. The Geneva-based WEF made the announcement on Monday after revealing earlier this month that the 87-year-old Schwab, who for decades has been the face of the Davos get-together, would be stepping down, without giving a firm timeline. "Following my recent announcement, and as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect," Schwab said in a statement released by the WEF.

  • Apr 21, 2025

Trump’s Tariffs Will Likely Hurt US Economy. Immigration Crackdown Makes It Worse

(Bloomberg) -- President Donald Trump’s efforts to curb immigration are coming at a precarious time for the US labor market, threatening to choke off a key growth engine just as tariffs are poised to drag down economic activity.Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Administration Takes Over New York Penn Station RevampDOGE Places Entire Staff of Federal Homelessness Agency on LeaveNashville’s $3 Billion Transit Plan Brings a Call for Zo