Canada announced that it would rescind a digital services tax affecting US tech companies that was set to begin today in order to continue trade talks with the Trump administration. President Donald Trump previously said he was terminating discussions as a result of the "egregious" tax. The Canadian finance department said in a statement that the country's "preference has always been a multilateral agreement related to digital services taxation."
Fintech Innovation: Be at the Forefront! Connect with 5,000+ fintech execs March 30–April 1, 2026 at Mandalay Bay. Dive into strategic guidance and build valuable relationships. Secure 40% off tickets!
The US economy continues to show resilience despite renewed tariff threats and global trade uncertainty. Consumer confidence has improved somewhat, according to a University of Michigan index, although spending has softened. Joanne Hsu of the University of Michigan noted that "consumers don't think we're out of the woods, but they're less worried about the worst-case scenario."
The Bank for International Settlements notes that tariffs could lead to rebounding inflation. In addition, the organization highlights economic uncertainty as well as diminished growth prospects and elevated debt levels in some countries.
Sen. Mike Lee, R-Utah, said he had withdrawn a proposal to sell more than a million acres of public land as part of the tax and spending bill. The Bureau of Land Management could have been required to sell as much as 1.225 million acres across 11 states under the plan, a move that proponents say could have helped free up land for housing.
All 22 major US banks passed the Federal Reserve's annual stress test, demonstrating they could endure a severe recession scenario involving over $550 billion in losses. The strong results point to the resilience of the banking system and could allow banks to return more capital to shareholders.
The European Central Bank said it is gearing up for potential economic disruption in the years ahead as markets grapple with the impact of AI and geopolitical tension. "The inflation environment will remain uncertain and potentially more volatile, with larger deviations from the symmetric 2% inflation target," according to the ECB.
This map doesn't lead to treasure. It leads to IT glory. Journey through mystical places like SysAdmin Goat Farm and Backup Bay, solve IT challenges and find the Wizard of Lite. Every path is yours to choose, ready to explore Paths to Power? Explore map.
Global M&A hit $2.14 trillion in the first half of 2025, driven by a surge in $10 billion-plus deals and record activity in Asia, despite headwinds from tariffs and high rates. Bankers see renewed optimism for H2 as volatility eases and US policy shifts open the door to larger transactions. "Deals beget deals," said Michael Kollender, co-head of investment banking at Stifel. "As soon as we start to see more momentum, others will jump on the wagon."
Beyond Automation: AI Workflows, Safer Data AI is revolutionizing finance by offering faster decisions and deeper insights. But with those benefits come risk factors, such as data exposure, content sprawl, and compliance gaps. Learn to responsibly adopt AI, boost productivity, simplify compliance, and minimize risk in our free webinar session. Register Now and join us live on July 30th.
Simon, which previously had a 25% stake in the retail component of Miami's Brickell City Centre, has acquired the remaining retail and parking pieces of the development from Swire Properties for about $512 million. The shopping center has more than 90 stores across four floors, including a Saks Fifth Avenue that serves as an anchor.
BXP, The Albanese Organization and CrossHarbor Capital Partners have started work on a $400 million, two-building residential development in Jersey City, N.J. The development is scheduled for delivery in spring 2028. "With its continued population growth, Jersey City is an attractive market for new multifamily developments," said BXP's Hilary Spann.
