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🚢 Pence Warns U.S.-Canada Trade War Harms American Economy

Former Vice President Mike Pence on Sunday criticized the ongoing U.S.-Canada trade dispute, saying American businesses and consumers ultimately bear the cost of tariffs imposed on the country's northern neighbor.

"American businesses and American consumers pay American tariffs, and I think the last thing we need right now, as our economy is getting back on its feet, is a trade war with Canada," Pence said.

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📊 Wall Street Moves to Texas — Morgan Stanley, Goldman, BofA Expand

Major financial firms are building large campuses in Dallas, accelerating a shift away from New York driven by low taxes, lighter regulation, and lower costs.

Morgan Stanley plans a 708,000-sq-ft Dallas hub by 2031, investing $587 million and housing roughly 3,800 employees by 2035. Goldman Sachs is spending $500 million on an 800,000-sq-ft campus — its largest U.S. workforce outside New York, with over 5,000 staff — set to open in 2028. Bank of America is opening a Dallas tower in 2027 for around 1,000 employees. Vanguard and the Texas Stock Exchange, which began trading in July, are also based in the area.

Dallas has drawn comparisons to a "Y'all Street," as New York's business climate faces scrutiny following the election of Mayor Zohran Mamdani and Texas lawmakers continue passing business-friendly legislation.

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🚢 U.S.-Canada Trade Talks Collapse as New Tariffs Take Effect

The U.S. and Canada have imposed new tariffs on each other following the breakdown of negotiations, deepening a trade war between the two longtime allies.

Both sides have exchanged blame for the collapse of talks, with no resumed negotiations announced.

The escalation marks a significant deterioration in one of the world's largest bilateral trade relationships, with economic consequences expected on both sides of the border.

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🚢 Canada Talks Collapse, Iran Threatened, Debt Hits $40 Trillion

A turbulent week in U.S. trade and fiscal policy: trade negotiations with Canada collapsed hours before a new tariff deadline, President Trump threatened Iran with what he called an "Economic D-Day," and the U.S. national debt surpassed $40 trillion for the first time.

The three developments unfolded within days of each other, underscoring mounting pressure on the administration's economic agenda — from stalled allied trade relations to confrontation with Tehran and a record federal debt milestone.

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📊 Dalio Warns Debt Crisis Closer, Backs Gold and Bitcoin

Billionaire investor Ray Dalio said the U.S. Treasury's debt buyback announcement this week fits into a broader pattern he believes signals a forthcoming debt crisis.

Dalio said the move by Treasury Secretary Scott Bessent is consistent with dynamics he has long warned about — governments managing debt loads in ways that precede major financial disruptions. He recommended gold and bitcoin as hedges against that risk.

Dalio's comments add to growing scrutiny of U.S. fiscal sustainability as federal debt levels remain near historic highs.

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🪖 Pentagon: Over 750 U.S. Troops Wounded in Iran War

The Pentagon has reported more than 750 U.S. service members wounded since the war against Iran began in late February, following an update to its war casualty database adding 50 newly injured personnel.

The figures combine totals from the Operation Epic Fury rubric with updated numbers in the "Overseas Operations" category. The casualty update reflects the ongoing nature of the conflict now entering its fifth month.

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Didn't have time to catch up this week? Here's everything that matters in 2 minutes.
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🚨 FBI foils ISIS-inspired bomb plot
A woman was charged with plotting an attack on the New York State Capitol in Albany before it could happen.
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💵 U.S. national debt crosses $40 trillion
Federal debt surpassed $40T for the first time, now exceeding the size of the entire U.S. economy.
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⚖️ 29 states sue Meta over kids' mental health
A landmark trial opened with states seeking penalties potentially reaching hundreds of billions of dollars.
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⚡️ Iran rejects deal, Hormuz at risk
Tehran ruled out extending its interim nuclear deal, pushing oil prices higher over threats to a chokepoint carrying 20% of global oil.
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🗳 Trump-backed candidates lose 3 primaries
Trump's endorsed candidates fell in two Florida races and one in Wyoming in a single night.
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