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U.S. and Canada fall deeper into a trade war with new tariffs as talks collapse and blame is spread

By Paul Wiseman, Rob Gillies, Associated Press

President Donald Trump’s import taxes will hit about 5% of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors.

Why Treasury yields are at 20-year highs – and why it matters

By Amna Nawaz, Jackson Hudgins

A sustained sell-off in the bond market sent long-term Treasury yields to their highest levels in nearly 20 years this week, rattling both Wall Street and Washington. Higher yields, essentially the interest rate the government pays to borrow money, also…

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Trump keeps embracing data centers, an unpopular topic in midterm races

By Jesse Bedayn, Marc Levy, Scott Bauer, Associated Press

The race to build data centers, which power artificial intelligence and cloud computing, has run aground amid frustration from voters who don't want to live near the massive warehouse campuses.

Quebec's premier says Canada-U.S. trade talks are 'far from over'

By Rob Gillies, Associated Press

Premier Christine Fréchette demanded more information from Prime Minister Mark Carney before deciding whether an emerging agreement adequately protects Quebec’s dairy and forestry sectors.

Moderna shares surge after it says experimental mRNA cancer treatment passed key test

By Associated Press

Moderna and Merck are developing a treatment using an mRNA-based cancer vaccine called intismeran that is designed to be tailored to individual patients based on unique mutations within their tumors.

Layoffs still sparse, U.S. unemployment claims dropped to 206,000 last week

By Paul Wiseman, Associated Press

Fewer people applied for U.S. unemployment benefits last week, another sign that layoffs remain low and that most Americans enjoy job security.

The U.S. national debt now stands at $40 trillion

By Fatima Hussein, Associated Press

The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit to make up an enormous share of federal spending.

FTC proposal would require retailers to be transparent about personalized pricing

By Dee-Ann Durbin, Associated Press

Companies that secretly vary prices based on how much they think individual customers will pay could face federal charges under a proposed policy released Wednesday by the Federal Trade Commission.

'Many' Fed officials think higher rates will be needed if inflation stays high

By Christopher Rugaber, Associated Press

Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn't subside, minutes of the Fed's meeting last month showed.