Canada sets retaliatory tariffs on U S goods
Canada announces billions in retaliatory duties on U S products including ketchup lawn mowers and motor boats starting July 1 10 or 25 percent to respond to steel and aluminum tariffs. Freeland says dollar for dollar action prepares for escalation while NAFTA talks proceed and Mexico holds elections Sunday.
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SpaceX launches CIMON into space from Cape Canaveral
CIMON a AI assistant from Airbus powered by Watson launched aboard a SpaceX Falcon 9 to the ISS. It will assist astronauts with manuals steps and respond to questions while not replacing crew. CIMON designed for German astronaut Alexander Gerst can interact via voice and visuals.
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Kudlow urges very slow Fed rate increases
White House adviser Larry Kudlow urged the Fed to raise rates gradually citing growth and inflation dynamics. He noted Jerome Powell's leadership and said policy should move slowly, even as data show inflation near the 2 percent target and the Fed hints at further gradual hikes.
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Trade worries ease as stocks end higher on quarter end
U.S. stocks finished mostly higher as growth concerns lingered and tariffs remained a drag. Banks led an early rally after the Fed approved larger dividends and buybacks for 32 of the 35 biggest banks, while Nike highlighted improved North American sales. The Dow rose 55.36 points to 24271.41, the S&P 500 gained 2.06 to 2718.37, and the Nasdaq added 6.62 to 7510.30 while the Russell fell 1.95 to 1643.07.
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