November 13, 20240 Comments

Watch Trump and Biden meeting at White House today

President-elect Donald Trump and President Biden are meeting at the White House on Wednesday as part of the transition process, a formality that Trump didn’t extend to Mr. Biden in 2020.  At the top of the meeting, with reporters present for only a moment, the two men shook hands. Mr. Biden, speaking first, called for a smooth transition. Trump then said politics is tough, and thanked Mr. Biden for a

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November 13, 20240 Comments

Why Tesla, crypto and prisons are Trump trade winners

Getty Images Financial markets greeted Donald Trump’s victory in the US presidential election with a blistering rally. That’s despite considerable debate about how Trump’s plans for tariffs, lower taxes and mass migrant deportations might affect the world’s largest economy. A week on, the surge finally appears to be settling. The three major stock indexes in the US ended the day lower on Tuesday, after rising roughly 5% since 4 November,

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November 13, 20240 Comments

Dogecoin briefly surges 20% after Trump announces a Department of Government Efficiency — DOGE

Dogecoin shot higher on Tuesday night, extending its postelection surge after President-elect Donald Trump formally announced the creation of the Department of Government Efficiency, which he referred to as “DOGE” in his statement. Tesla CEO Elon Musk and Vivek Ramaswamy, former Republican presidential candidate and Strive Asset Management co-founder, will lead the department, Trump said in a statement. Together, they “will pave the way for my Administration to dismantle Government

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November 13, 20240 Comments

Trump names Musk, Ramaswamy to lead newly formed Department of Government Efficiency By Reuters

WASHINGTON (Reuters) -U.S. President-elect Donald Trump said on Tuesday Elon Musk and former Republican presidential candidate Vivek Ramaswamy will lead the newly created Department of Government Efficiency. Musk and Ramaswamy “will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” Trump said in a statement. Trump said their work would conclude by July 4, 2026, adding that a smaller

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November 13, 20240 Comments

Gold nears seven-week low as U.S. dollar surges on Trump win

Article content Gold slipped to its lowest level in more than seven weeks as the U.S. dollar continued to strengthen following Donald Trump’s election victory. Bullion fell as much as 1.1 per cent — after sliding 2.5 per cent in the previous session — as a gauge of the dollar rose to its highest level in a year. The gains, which make commodities priced in the greenback more expensive for

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November 12, 20240 Comments

Stocks fall as rally pauses, yields climb on Trump policy worry By Reuters

By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks declined on Tuesday after advancing for five straight sessions while the dollar hit its highest level in over six months as investors weigh the impact of U.S. President-elect Donald Trump’s likely path of policies. Investors have flocked in to assets expected to benefit from Trump policies for his second term in office, after he pledged to impose high

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November 12, 20240 Comments

Trump backer John Paulson bows out as possible Treasury Secretary pick

John Paulson visits “Mornings With Maria” at Fox Business Network Studios on October 23, 2024 in New York City.  John Lamparski | Getty Images The investor John Paulson removed himself Tuesday from consideration as a potential nominee for Treasury secretary by President-elect Donald Trump. Paulson said, “My complex financial obligations would prevent me from holding an official position in President Trump’s administration at this time.” “However, I intend to remain

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