(Bloomberg) — China’s President Xi Jinping wants a “powerful currency” that is stable enough to play a rising role in global trade. Donald Trump’s return looks set to challenge that ambition. Most Read from Bloomberg The yuan risks years of downward pressure during the second Trump presidency, and the threat of another trade war is already fueling bets against the currency. Analysts expect the yuan to break a 17-year low
Adobe Firefly, Tyler Le/BI Bank of America cited three risks that could upend corporate earnings growth, a key driver of stock returns. One potential headwind is Trump’s proposed tariff plan, BofA said. The firm is also keep a close eye on bond yields, which have soared since the election. The stock market has been riding high since Donald Trump won the presidential election. One main driver of that has been
Super Micro Plans Filing With Nasdaq on Monday. How It Got to the Brink of Delisting. Source link
KFC is taking one of its smaller rivals to court, suing Church’s Texas Chicken for allegedly violating its trademark rights by using the phrase “original recipe” in pitching its fried poultry products. Church’s use of the term “original recipe” in its advertising is “likely to deceive, confuse and mislead purchasers and prospective purchasers into believing the goods and services offered under the mark are affiliated with, authorized by, or come
Getty Images; BI Donald Trump’s presidential-election victory has fueled major moves in financial markets. Investors are anticipating tax cuts and looser regulation from Trump. Here are five charts that show how Trump’s win has affected markets. Donald Trump’s election victory immediately sent financial markets into a frenzy. Stocks soared to records on the prospect of tax cuts and looser regulation. Bank stocks, in particular, got a lift amid speculation of
23andMe, the struggling ancestry tracing company, continues to spiral, raising questions about its business prospects and what could happen to its sensitive customer genetic testing data. 23andMe on Tuesday announced it is slashing 40% of its workforce as part of a restructuring plan. The move comes after its entire board resigned in September. Its stock price has since plunged, prompting speculation that the company could be acquired by another buyer
Annabelle Chih / Bloomberg / Getty Images Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024 Super Micro Computer (SMCI) shares soared over 18% in extended trading Friday following reports the company is expected to file a plan for its delayed annual report by Monday that could help it avoid delisting. Supermicro said it received a letter from the Nasdaq on Sept.
What President-elect Trump’s proposed tariffs could mean for the economy What President-elect Trump’s proposed tariffs could mean for the economy 02:13 Donald Trump, who recently described “tariff” as “the most beautiful word in the dictionary,” has proposed a range of taxes on imports from other countries. The president-elect’s stated aim: to reduce American companies’ use of foreign goods and parts by raising their cost, a policy he contends would strengthen the
(Reuters) -T-Mobile’s network was among the systems hacked in a damaging Chinese cyber-espionage operation that gained entry into multiple U.S. and international telecommunications companies, The Wall Street Journal reported on Friday citing people familiar with the matter. Hackers linked to a Chinese intelligence agency were able to breach T-Mobile as part of a monthslong campaign to spy on the cellphone communications of high-value intelligence targets, the Journal added, without saying
U.S. inflation shows signs of improvement as prices stabilize since 2022 – CBS News Watch CBS News As inflation nears the government’s two percent target, food prices continue to rise while energy costs decline. Jill Schlesinger explains what these changes mean for consumers. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
