The United States imposed 50% tariffs on $20 billion worth of Canadian products early Saturday, and Canada said it would retaliate beginning Sept. 8 after last-ditch negotiations failed to resolve the latest strain in relations between the historic allies.

Canada will match those tariffs dollar for dollar to protect our workers and businesses,” Canadian Prime Minister Mark Carney said.

Plans to impose a 50% tariffs on $20 billion worth of Canadian products will now be moving forward after negotiations fell through.

The United States imposed 50% tariffs on $20 billion worth of Canadian products early Saturday, and Canada immediately said it would retaliate, after last-ditch negotiations failed.

Bond yields moved back up near their highest levels in over a decade even as Treasury Secretary Scott Bessent seeks to contain borrowing costs. Yields on 30-year Treasurys advanced to around 5.28%, with 10-year yields around 4.

Part of the market’s less-than-panicked response may have to do with the orderly selloff in Treasuries, with yields rising gradually all year. As my colleague Josh Schafer points out, bond volatility has remained subdued,

The market shrugged off the Treasury Department’s attempt to lower long-term bond yields, raising the question of what the Trump administration might do next. Yields on 30-year Treasury securities have recently pushed to levels not seen in some two decades,

B. Riley Wealth Management chief market strategist Art Hogan discusses market volatility, rising Treasury yields and the long-term outlook for technology giants Apple and NVIDIA on ‘The Claman Countdown.

Iran has granted permission for a number ​of Iraqi oil tankers to pass through the ‌Strait of Hormuz following repeated requests from Baghdad through various channels, Iran’s state news agency IRNA reported on Saturday.

Central Command said it has assisted about 1,300 commercial vessels through the contested waterway, where flow remains well below prewar levels

U.S. Central Command has aided with the passage of more than 660 million barrels of crude oil through the Strait of Hormuz since early May. This suggests at least 160 million barrels, or more than 7 million barrels per day,

It has been revealed that incidents of vessels evading Iranian oversight while navigating the Strait of Hormuz, effectively controlled by Iran, are occurring consecutively. An increasing number of tankers are using the Omani coastal route on the opposite side of Iran,

Founder Hui Ka Yan has been sentenced to life in prison for financial crimes linked to the collapse of his Evergrande real estate group.  The 67-year-old was convicted on Thursday by the Shenzhen Intermediate People’s Court,

Chinese authorities have moved to finish cleaning up the mess left by the collapse of the Evergrande real estate empire as a court in southern China's Guangzhou accepted a bankruptcy liquidation

Hui Ka Yan received a life sentence as China Evergrande Group was fined over $2.3 billion for inflating assets and concealing massive liabilities.

Hui Ka Yan, founder and former chairman of China's largest property developer was sentenced to life in prison for fund-raising and securities fraud.

The union members also authorized a potential strike if a new agreement is not reached by October.

Boeing’s engineering and technicians union voted Friday to reject the company’s contract offer and authorize its negotiating team to call for a strike.

and the union overwhelmingly authorized a potential strike.

Boeing (BA) engineers and technical workers rejected the company's four-year contract offer and voted in favor of a strike authorization, union officials said Friday. The 17,000 ​members of the Society of Professional Engineering Employees in Aerospace voted overwhelmingly ‌to give its negotiating team the power to declare a strike when the

US national debt hits a historic $40 trillion milestone. Co-host Jackie DeAngelis and analyst Dagan McDowell break down the surging treasury yields, the $2 trillion federal deficit, and soaring interest payments on Fox Business.

Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.

Fox Business' Stuart Varney highlights the U.S. national debt topping $40 trillion. Fox Business correspondent Edward Lawrence reports on fiscal spending.

The national debt hit $40 trillion Tuesday, a record high, signaling that the government is borrowing at a record pace.