The future of US-Canada relations / Double Trouble: CNAPS at AEI
The future of US-Canada relations / Double Trouble: CNAPS at AEI
Wake up, Canada – The world is a dangerous place

New highs on Wall Street, Fed’s Waller says rate cuts months away [Video]

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This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

Wall Street reaches new highsThe S&P 500 and the Nasdaq Composite rose to fresh record highs as investors await earnings from AI chipmaker Nvidia after the close on Wednesday. The Dow Jones Industrial Average closed 0.17% higher at 39,872.99. Nvidia’s shares rose 0.6% with option traders pricing in swings of as much as 9% up or down in reaction to its earnings. Treasury yields fell and oil prices drifted lower.

Rate cuts several months awayFederal Reserve Governor Christopher Waller saidhe does not think further rate increases are necessary, but he will need convincing before backing any rate cuts. “I need to see several more months of good inflation data before I would …

Foreign interference is an existential threat to Canada: Christian Leuprecht / MLI in Parliament
Foreign interference is an existential threat to Canada: Christian Leuprecht / MLI in Parliament
The world needs to win in Ukraine: Chris Alexander in the Globe and Mail