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Economy
US debt tops $40 trillion as Treasury doubles bond buybacks
The US Treasury moved on Wednesday to calm a bond market rattled by surging borrowing costs, doubling the size of its debt buybacks hours before separate figures confirmed that the national debt had climbed past $40 trillion (€34.4tn) for the first time.
Markets
SEC unveils new crypto rules hailed as win for digital asset industry
The US Securities and Exchange Commission has proposed a sweeping new framework for crypto assets, offering firms two clear paths to raise money without full securities registration. Industry groups have broadly welcomed the plan, calling its terms considerably more generous than anticipated.
Business
Trump says Canada reached last minute deal with US to delay 50% tariff
The two allies traded goods and services worth close to $1 trillion despite their strained relations last year, as US President Donald Trump continues his relentless push to enforce tariffs and levies on his northern neighbours.
Economy
Midnight showdown looms as US and Canada meet to avoid Trump tariffs
The US and Canada are locked in last-minute talks to prevent a fresh wave of tariffs from striking at 00:01 ET on Wednesday. US President Donald Trump has vowed to slap 50% duties on $20 billion (€17.2bn) worth of Canadian products if a deal is not reached in time.
Markets
Nasdaq confirms 23-hour trading from December with overnight session
Nasdaq will begin trading US stocks for nearly 23 hours a day from 6 December, adding a new overnight session from 9pm to 4am ET, as the exchange races to compete with round-the-clock crypto and tokenised markets and with investors abroad clamouring for access.
Markets
What Nvidia's $500 billion Wall Street deal signals about the AI boom
Nvidia and six of the world's largest investment firms announced plans last week to channel more than $500 billion (€433bn) into AI infrastructure, an arrangement designed to let tech companies build data centres without loading the cost onto their own balance sheets.