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Yahoo Finance VideoWhat the 'substitution effect' from tariffs could mean for US GDP
The Conference Board Chief Economist Dana Peterson joins Wealth to analyze President Trump's proposed tariff strategy and its potential economic implications. After talks with US officials, Mexico's President Claudia Sheinbaum announced that the Trump administration will be delaying tariffs on Mexican imports by one month, now starting on March 1. Peterson explains that these tariffs are being used as a strategic "threat" to compel Canada, Mexico, and China to comply on critical issues like national security, drug enforcement, and immigration. However, she warns that implementing these tariffs could significantly impact GDP (gross domestic product) growth in both the United States and targeted economies. Fourth-quarter GDP revealed a shift in consumer behavior, with individuals purchasing items expected to rise in price, including cars and food products. "Certainly, the substitution effect will take place," Peterson notes, "but that could take time as consumers figure out... where they could buy US-made products." Watch the full video to hear Peterson's full perspective on how potential Chinese tariffs might reshape electronics pricing in the United States. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
- The Canadian Press
Alberta's cabinet set to meet Tuesday to discuss potential response to U.S. tariffs
EDMONTON — As other provinces announce retaliation measures against U.S. tariffs, Alberta Premier Danielle Smith’s government says her cabinet will meet to discuss potential next steps.
- Yahoo Finance
Live: Trump says tariffs on Mexico paused for a month; Canada, China duties set to take effect Tuesday
Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy.
- The Canadian Press
Emergency crews deployed on Santorini as an earthquake swarm worries Greek experts
SANTORINI, Greece (AP) — Authorities deployed emergency rescue crews to Greece's volcanic island of Santorini on Monday as hundreds of people scrambled to leave after a spike in seismic activity raised concerns about a potentially powerful earthquake. Schools on four islands were also to shutter through Friday.
- Yahoo Life Shopping
The best Valentine's Day gifts from Amazon, Etsy, Sephora and more
A Lego orchid, heart-shaped Dutch oven and Kendra Scott jewelry — all of these heartfelt buys will make their day.
- The Canadian Press
Trump administration ends temporary deportation protection for 350,000 Venezuelans
WASHINGTON (AP) — President Donald Trump's administration is ending protections that shielded roughly 350,000 Venezuelans from deportation, leaving them with two months before they lose their right to work in the U.S.
- The Canadian Press
RFK Jr. misled the US Senate on measles deaths, Samoa's health chief says
WELLINGTON, New Zealand (AP) — Samoa’s top health official on Monday denounced as “a complete lie” remarks that Robert F. Kennedy Jr. made during his bid to become U.S. health secretary, rejecting his claim that some who died in the country's 2019 measles epidemic didn't have the disease.
- The Canadian Press
Trump administration's data deletions set off 'a mad scramble,' researcher says
NEW YORK (AP) — Researchers are in what one described as “a mad scramble” to sort out what public data the Trump administration has deleted from government websites and electronic publications.
- Yahoo TV UK
Celebrity Bear Hunt's Bear Grylls says 'real hero' emerges after 'baptism of fire'
The adventurer's new show sees him 'hunting' celebs in the jungle.
- The Telegraph
Drone attack kills youngest British fighter in Ukraine minutes into first mission
A Russian drone attack killed a British teenager on his first combat mission after joining the Ukrainian army.
- Yahoo Canada Style
Amazon Canada shoppers say these sweatpants are 'so soft' and 'look great' — and they're under $50
They're perfect for staying warm and stylish this winter.
- Evening Standard
Chelsea vs West Ham LIVE: Premier League latest score and goal updates today
Graham Potter out to make statement against Blues
- Associated Press
Percival Everett's 'James' among nominees on the long list for the PEN/Faulkner fiction prize
Percival Everett's “James” is up for another literary award — the PEN/Faulkner Prize for fiction. Other nominees include Louise Erdrich's “The Mighty Red,” Rachel Kushner's “Creation Lake” and Garth Greenwell's “Small Rain.” The awards long list of 10 was announced Monday by the PEN/Faulkner Foundation, which will narrow the finalists to five in March and reveal the winner — who receives $15,000 — in April.
- TechCrunch
DeepSeek: The countries and agencies that have banned the AI company's tech
DeepSeek, the Chinese AI company, is raising the ire of regulators around the world. DeepSeek's viral AI models and chatbot apps have been banned by a growing number of countries and government bodies, which have expressed concerns over DeepSeek's ethics, privacy, and security practices. Corporations have banned DeepSeek, too — by the hundreds.
- Yahoo Finance
Bill Gates reminder on Intel struggles: One can get 'annihilated' if you miss a turn in the market
It will be tough for Intel to fix itself, Microsoft co-founder Bill Gates says.
- France 24
Syria's interim president says organising elections could take up to five years
Syrian leader Ahmed al-Sharaa on Monday said that organising national elections could take up to five years as infrastructure for voting needs to be "re-established". Al-Sharaa said that Syria would become "a republic with a parliament and an executive government". Syrian leader Ahmed al-Sharaa said Monday organising elections could take up to five years, the week after he was appointed interim president and less than two months after ousting Bashar al-Assad."My estimate is that the period of ti
- Cover Media
Hugh Jackman 'deeply disappointed' after cancelling 2025 BST Hyde Park show
The Australian star has announced he has had to withdraw from the London music festival due to an "unforeseen conflict" in his schedule. Hugh was set to perform a string of songs from musicals including The Greatest Showman, The Boy From Oz, The Music Man and Les Misérables with a live orchestra on Sunday 6 July. In a statement released by BST Hyde Park on Monday, the Deadpool & Wolverine actor expressed his disappointment at the cancellation. "Due to an unforeseen conflict in my schedule, I am deeply disappointed to announce…”
- The Telegraph
The SNP says it won’t cancel cats. But would it be such a bad idea?
Anyone who cohabits with a cat knows the special joys and frustrations they bring. On the one hand, an endearing furball aesthetic, coupled with an ice queen (or king) demeanour. A treat-em-mean-keep-em-keen approach to their owners belied by utter neediness. Low-maintenance, high-reward credentials that dogs can only dream of. And an impressive ability to find fulfilment beneath a warm radiator, which probably comes as close to teaching us the meaning of life as any domestic animal ever will.
- The Canadian Press
Ecuador's conservative president announces tariffs on Mexican exports in an echo of Trump policy
QUITO, Ecuador (AP) — Ecuador's conservative president said Monday that he is raising tariffs on Mexican imports in a move that echoes the trade barriers that U.S. President Donald Trump announced — but then paused — against Mexico.
- BBC
Broadband fix could take another fortnight
Some customers could have to wait up to two weeks to have internet and phone connectivity restored.