U.S. to restart trade negotiations with Canada immediately, White House says
Social Sharing
The United States will restart trade negotiations with Canada immediately after Canada scrapped its digital services tax targeting U.S. technology firms, White House economic adviser Kevin Hassett said on Monday.
"Absolutely," Hassett said on Fox News when asked about the talks restarting. U.S. President Donald Trump asked the Canadians to take the tax off at the G7 meeting in Canada, he said.
"It's something that they've studied, now they've agreed to, and for sure, that means that we can get back to the negotiations."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
an hour ago
- CTV News
U.S. brings charges in North Korean remote worker scheme that officials say funds weapons program
The U.S. Department of Justice logo is seen on a podium before a press conference with Attorney General Pam Bondi, Tuesday, May 6, 2025, at the Justice Department in Washington. (AP Photo/Julia Demaree Nikhinson, file) WASHINGTON — The U.S. Justice Department announced criminal charges Monday in connection with a scheme by North Korea to fund its weapons program through the salaries of remote information technology workers employed unwittingly by U.S. companies. The charges are part of what law enforcement officials described as a nationwide operation that also resulted in the seizure of financial accounts, websites and laptops that were used to carry out the fraud. Two separate cases — one filed in Georgia, the other in Massachusetts — represent the latest Justice Department effort to confront a persistent threat that officials say generates enormous revenue for the North Korean government and in some cases affords workers access to sensitive and proprietary data from the corporations that hire them. The scheme involves thousands of workers who, armed with stolen or fake identifies of U.S. citizens, are dispatched by the North Korean government to find work as remote IT employees at American companies, including Fortune 500 corporations. Though the companies are duped into believing the workers they had hired were based in the U.S., many are actually stationed in North Korea or in China and the wages they receive are transferred into accounts controlled by co-conspirators affiliated with North Korea, prosecutors say. 'These schemes target and steal from U.S. companies and are designed to evade sanctions and fund the North Korean regime's illicit programs, including its weapons programs,' Assistant Attorney General John Eisenberg, the head of the Justice Department's National Security Division, said in a statement. In one case exposed on Monday in federal court in Massachusetts, the Justice Department said it had arrested one U.S. national and charged more than a half dozen Chinese and Taiwanese citizens for their alleged roles in an elaborate fraud that prosecutors say produced at least $5 million in revenue and affected more than 100 companies. The defendants are accused of registering financial accounts to receive the proceeds and creating shell companies with fake websites to make it appear that the workers were connected to legitimate businesses. They also benefited from the help of unidentified enablers inside the United States who facilitated the workers' remote computer access, tricking companies into believing the employees were logging in from U.S. locations. The Justice Department did not identify the companies that were duped, but said that some of the fraudulent workers were able to gain access to and steal information related to sensitive military technology. The case filed in Georgia charges four North Korean nationals with using fake identities to gain access to am Atlanta-based blockchain research and development company and stealing hundreds of thousands of dollars in virtual currency. The Justice Department has filed similar prosecutions in recent years, as well as created an initiative aimed at disrupting the threat. Eric Tucker, The Associated Press
Globe and Mail
an hour ago
- Globe and Mail
Why BigBear.ai Stock Is Skyrocketing Today
(NYSE: BBAI) stock is seeing another day of explosive gains in Monday's trading. The software specialist company's share price was up 20% as of 2:15 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were both up 1% during that time frame. BigBear's valuation is surging higher today thanks to excitement surrounding defense technology stocks. The company's share price is now up 83% over the last month. stock surges on continued defense tech rally stock is continuing to rally in conjunction with rising excitement surrounding technology companies with substantial exposure to the defense industry. The last major business-specific news for the company arrived on June 17, when announced that multiple biometric identification systems from its Pangiam unit had been deployed in major international airports. Given that this announcement corresponded with relatively little movement for the stock, recent gains appear to be mostly driven by the broader increase in bullish momentum for defense-tech plays. What's next for stock has been highly volatile over the last year. While the company certainly has some substantial opportunities to score wins as defense-tech spending continues to rise, its business performance has also been somewhat uneven. For example, the company's revenue grew just 5% year over year in the first quarter despite the strong demand backdrop for artificial intelligence (AI) software. Additionally, it appears that some of the company's recent gains have been driven by meme-stock momentum. Based on publicly available knowledge, recent gains seem somewhat out of step with its recent valuation run-up. While it's possible that there are some big things in the works behind the scenes that are helping to push its valuation higher, huge gains for the stock on relatively little news also mean that the risk profile here has gone up substantially again. Should you invest $1,000 in right now? Before you buy stock in consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor 's total average return is1,062% — a market-crushing outperformance compared to177%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 30, 2025
Globe and Mail
an hour ago
- Globe and Mail
Toll Brothers Offers Final Opportunities to Purchase in Crescent Hill Community in Murphy, Texas
MURPHY, Texas, June 30, 2025 (GLOBE NEWSWIRE) -- T oll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced the last chance to purchase a new home in its Dallas-area community, Crescent Hill, located in Murphy, Texas. Crescent Hill is a boutique Toll Brothers neighborhood featuring 37 spacious new homes on 75-foot home sites. The Sales Center is open daily at 110 Birch Blvd. in Murphy. Tucked into a quiet location just minutes from Plano, Crescent Hill offers elegant one- and two-story home designs with 4 to 6 bedrooms, 3 to 6.5 baths, 2- to 3-car garages, and spectacular outdoor living spaces. Homes feature distinctive architecture with Classic, Farmhouse, and Transitional exterior styles. 'Crescent Hill combines tranquility and convenience in a beautiful setting, and with limited home sites remaining, we invite new home shoppers to visit soon,' said Jay Saunders, Division President of Toll Brothers in Dallas. 'For customers needing to move quickly, select quick move-in homes are now available so customers can move into a beautiful, brand-new luxury home as early as this fall.' Toll Brothers quick move-in homes are built with Designer Appointed Features, including a curated ensemble of fixtures and finishes selected by talented design professionals at the Toll Brothers Design Studio. For customers who choose a build-to-order home, the state-of-the-art Design Studio allows customers to choose from a wide array of selections to personalize their dream home. Residents of Crescent Hill will benefit from access to exceptional Plano schools, including Miller Elementary, Murphy Middle, McMillen High School, and Plano East Senior High School. The community is also located within proximity to major employers, commuter routes, and a variety of shopping, dining, entertainment, and outdoor recreation opportunities. Toll Brothers homes within Crescent Hill are priced from the mid-$700,000s. For more information on Crescent Hill, call (855) 289-8656 or visit About Toll Brothers Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol 'TOL.' The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations. Toll Brothers has been one of Fortune magazine's World's Most Admired Companies™ for 10+ years in a row, and in 2024 the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit From Fortune, ©2025 Fortune Media IP Limited. All rights reserved. Used under license.
