News Highlights: Top Global Markets News of the Day - Tuesday at 5 PM ET

Dow Jones
12 Mar
 
Ontario to Suspend U.S. Electricity Surtax After Trump Threat to Double Tariffs on Canada 
 

President had said he would hit Canadian steel and aluminum with 50% tariffs starting Wednesday.

 
Bowman Seen as Front-Runner for Fed's Top Banking Cop 
 

The former Kansas bank regulator has been at the Fed since 2018, and was appointed by Trump.

 
Trade Threats Send U.S. Stocks Down 
 

U.S. stocks dropped after President Trump said he would ramp up tariffs on steel and aluminum from Canada to 50%. The Dow and S&P 500 fell, while the Nasdaq Composite swung between small gains and losses.

 
'Calm today, but turbulence ahead': U.S. job openings show stable labor market ahead of Trump job cuts and tariffs 
 

Job openings in the U.S. rose slightly in January, but far fewer companies are hiring compared with a few years ago, and it's taking people a lot longer to find work.

 
Goldman Sachs Cuts Forecast for U.S. Economy. Trump's Tariffs Are to Blame. 
 

Chief Economist Jan Hatzius also anticipates core PCE inflation may reaccelerate to 3% later this year.

 
JD Vance Urges Republicans to Stay United on Government-Funding Bill 
 

House is set to vote on the measure later Tuesday to avoid a shutdown this weekend.

 
U.S. to Lose Growth Lead Over Europe, Central Banks to Follow 
 

The early months of Trump's second term have thrown up fresh obstacles to U.S. growth, and generated a new impetus for the eurozone.

 
Wall Street Fears Trump Will Wreck the Soft Landing 
 

The economy's pilot has a new message: Fasten your seat belts. "He is telling us, in everything he is doing, that he is not kidding around."

 
Why the U.S. Keeps Losing to China in the Battle Over Critical Minerals 
 

Syrah Resources thought its graphite mine in Mozambique would challenge China's dominance in the global market, but then things started going off the rails.

 
Ukraine Hits Moscow With Biggest Ever Drone Attack 
 

Russia said it had downed more than 300 Ukrainian drones just hours before the first high-level talks between Washington and Kyiv since a tense Oval Office meeting.

 
 

(END) Dow Jones Newswires

March 11, 2025 17:00 ET (21:00 GMT)

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