Meta Pops, Tesla Drops: The Billion Shield and a Rate Hike on Deck
Meta pops and Tesla drops after earnings, with a nearly ten-billion-dollar legal charge hiding inside Meta's numbers. Ottawa and Ontario roll out a nine-billion-dollar package to shield steel, autos, and critical minerals from U.S. tariffs; traders price in roughly an 80 percent chance the Bank of Canada raises rates next week, yes, raises; and U.S. mortgage applications fall for a seventh straight week, even as the thirty-year rate finally dipped. The Daily Ledger, with Alex and Jordan.
The skinny
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