November 7, 20240 Comments

What Trump’s historic election victory means for the global economy

A worker is making textile export orders at a production workshop of a textile enterprise in Binzhou, China, on July 8, 2024. Nurphoto | Nurphoto | Getty Images Donald Trump‘s election victory over Vice President Kamala Harris marks a historic return to the White House — an extraordinary political comeback that is likely to have seismic ramifications for the global economy. Speaking to his supporters in Florida early Wednesday, Trump

Read More
November 7, 20240 Comments

Lucid (LCID) results Q3 2024

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images Lucid Group slightly beat Wall Street’s third-quarter expectations as the electric carmaker cuts costs ahead of plans to begin consumer production of a new SUV by the end of this year. Here is how the company performed in the quarter, compared with average estimates

Read More
November 7, 20240 Comments

UK interest rates cut to 4.75% but Bank hints fewer falls to come

Getty Images UK interest rates could take longer to fall further after the Bank of England forecast that inflation will creep higher after last week’s Budget. The Bank cut interest rates to 4.75% from 5% in a move that had been widely expected. But it indicated that while the extra spending outlined in the Budget would initially boost growth, measures such as raising the cap on bus fares and VAT

Read More
November 7, 20240 Comments

Bank of Canada may have to cut rates deeper than global peers

Breadcrumb Trail Links News Interest rates may hit bottom at 2%, says analysis Published Nov 07, 2024  •  5 minute read You can save this article by registering for free here. Or sign-in if you have an account. Donald Trump’s policies could put pressure on the Canadian dollar. Photo by Paul Chiasson/ The Canadian Press Article content It’s been quite the week — Donald Trump’s victory in the United States

Read More
November 7, 20240 Comments

Mnuchin says Trump’s top priorities will include tax cuts and tariffs

President-elect Donald Trump likely will return to cornerstones of his previous economic platform such as tariffs, lower taxes and sanctions when he assumes office in January, his former Treasury secretary said Thursday. Steven Mnuchin, who held the post throughout Trump’s first term from 2017-21, told CNBC that he sees those items as critical to the Republican’s agenda. Tax cuts are “a signature part of his program,” Mnuchin said in a

Read More
November 7, 20240 Comments

Moderna (MRNA) earnings Q3 2024

Moderna on Thursday posted a surprise profit for the third quarter, smashing Wall Street estimates, as its cost-cutting efforts took hold and sales of its Covid vaccine came in higher than expected.  The biotech company posted a net income of $13 million, or 3 cents per share, for the third quarter. That compares with a net loss of $3.63 billion, or $9.53 cents per share, reported for the year-ago period.

Read More