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EU hits AliExpress with record 550M-euro fine over unsafe and counterfeit goods5:18 The European Commission has fined AliExpress 550 million euros for failing to curb the sale of unsafe and counterfeit products Prime Minister Carney says Canada is ready to respond to new Trump tariffs2:37 Canadian Prime Minister Mark Carney says Canada will continue to negotiate a new trade deal with the U.S., but the country is willing to respond should new threatened tariffs come into effect Shoppers may see higher oil prices surface through groceries, back-to-school items20:48 Consumers already feeling pinched since the Iran war started may feel more pain after oil prices pushed past $100 a barrel Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year18:41 The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, pushing up borrowing costs for prospective homebuyers at a time when rising oil prices are already squeezing household budgets Union Pacific picks up Canadian National's support for its plan to acquire Norfolk Southern railroad16:33 Union Pacific struck a deal with Canadian National to secure that rival’s support for its proposed $85 billion acquisition of Norfolk Southern railroad US filings for unemployment aid fall to 187,000 last week, fewest since 196916:01 U.S. applications for jobless benefits tumbled to the lowest level in decades last week as layoffs remain historically low despite global economic uncertainty Europe's central bank holds rate steady amid swings in oil prices14:57 The European Central Bank is leaving interest rates unchanged amid uncertainty about how volatile energy prices will affect inflation Trump's tariff threat could impact Canadian economy but may be negotiation tactic23.července The U.S. threat of 50% tariffs on Canadian goods could impact the economy, but experts suggest it might be a negotiation tactic Google's Q2 earnings of $112.11B beat Wall Street's expectations on AI boom22.července Google parent company Alphabet Inc. posted stronger-than-expected results for its second quarter, a sign that it’s massive artificial intelligence spending spree is paying off so far Earnings at Musk's Tesla fall as research spending cuts into profit from selling cars22.července Tesla's profits fell last quarter as the car company run by Elon Musk shoveled more money into research and development, cutting into profits from a sharp increase in vehicle sales |