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Slob-Fest: Did Trump Call Ford A “Slob”?

President Donald Trump has seemingly reopened his personal fight with Ontario Premier Doug Ford just days after Ford tried to lower the temperature, folding the insult into a broader warning that the US does not want Canadian-made cars. Speaking Wednesday while meeting US travel executives, Trump argued that Canada has taken advantage of the US […]

ByteDance Borrows Nearly Triple and Still Pays Less

ByteDance is nearing its biggest offshore borrowing yet on terms that are cheaper than its last deal, giving the TikTok parent unusually favorable access to bank capital as it weighs a sharp increase in AI spending. The Chinese technology company has lined up a $29.6 billion dollar-denominated syndicated loan, Bloomberg reported, citing people familiar with the matter. The […]

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Carney Announces $4.7B VIA Rail Deal Awarded to Alstom Canada

Ottawa is committing another $4.7 billion to VIA Rail’s fleet renewal, handing Alstom Canada a 313-car order that will make domestic manufacturing a central part of a federal rail program now exceeding $6.6 billion. Prime Minister Mark Carney announced the investment Thursday at Alstom’s Thunder Bay facility. The funding will cover the acquisition and maintenance […]

Texas Oil Production Falls for Second Straight Month, Driving US Pullback

Texas has emerged as the main source of a two-month pullback in US crude production, with the country’s largest oil-producing state losing 123,000 barrels per day between April and June even as national output began recovering in the latest month. US Energy Information Administration data released this week show Texas production falling from 5.851 million bpd in April […]