November 12, 20240 Comments

Ex-Cleveland Fed President Mester sees fewer rate cuts after Trump win

Federal Reserve chair Jerome Powell speaks during a news conference on Sept.18, 2024 in Washington, DC. Anna Moneymaker | Getty The U.S. Federal Reserve could carry out fewer interest rate cuts than previously expected next year should President-elect Donald Trump’s proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday. Mester indicated that the Fed’s outlook was set to change under the incoming Republican administration’s fiscal plans, and

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November 11, 20240 Comments

Russia denies Trump call urging restraint in Ukraine

The Kremlin has denied media reports that US President-elect Donald Trump held a call with Vladimir Putin, in which he is said to have warned the Russian president against escalating the war in Ukraine. The call, which was first reported by the Washington Post on Sunday, is said to have happened on Thursday. Trump is also reported to have mentioned America’s extensive military presence in Europe to Putin. A Kremlin

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November 11, 20240 Comments

Tesla, Coinbase and Trump Media rise premarket; Sapiens slumps By Investing.com

Investing.com — US stock rose Monday, at the start of the new week that includes key inflation data as well as an abundance of Federal Reserve speakers. Here are some of the biggest premarket US stock movers today: Tesla (NASDAQ:) stock rose 7% after the EV manufacturer’s valuation closed above the $1 trillion mark on Friday, on expectations that CEO Elon Musk’s companies will get favorable treatment under President-elect Donald

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November 11, 20240 Comments

Ukraine, trade and Trump on agenda as Keir Starmer makes Paris trip

Prime Minister Sir Keir Starmer is expected to discuss European security and the likely impact of a second Trump presidency as he holds talks with French President Emmanuel Macron in Paris on Monday. Ahead of attending a ceremony at the Tomb of the Unknown Soldier, Macron and Starmer are expected to discuss Russia’s ongoing invasion and the humanitarian situation in Gaza, Downing Street said. Their meeting comes as questions are

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November 11, 20240 Comments

Trump said to name N.Y. Rep. Elise Stefanik as U.S. ambassador to U.N.

President-elect Donald Trump has offered N.Y. Rep. Elise Stefanik the job of U.S. ambassador to the United Nations and she has accepted the offer, they told the New York Post Sunday night. “I am honored to nominate Chairwoman Elise Stefanik to serve in my Cabinet as U.S. Ambassador to the United Nations. Elise is an incredibly strong, tough, and smart America First fighter,” Trump said in a statement to the

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November 11, 20240 Comments

Investors see safety in India as Trump win casts shadow on emerging markets By Reuters

By Jaspreet Kalra MUMBAI (Reuters) – Global investors are likely to find relative safety in India’s financial markets from the spillover of Donald Trump’s economic policies, including from any protectionist trade policies that could spark emerging market volatility. Trump’s decisive election victory last week and his impending return to the White House next month has raised significant uncertainty for investors. However, India’s strong economic growth, limited exposure to Chinese and

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November 11, 20240 Comments

Trump started the rally but he could also halt it

A trader wears a hat in support of Republican Donald Trump, after he won the U.S. presidential election, at the New York Stock Exchange (NYSE) in New York City, U.S., November 6, 2024. Andrew Kelly | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what

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November 11, 20240 Comments

Trump announces immigration official Tom Homan as ‘border czar’ | Migration News

Hardline immigration official Tom Homan will be in charge of overseeing the United States’s borders in the incoming Republican administration, President-elect Donald Trump has said. “I am pleased to announce that the Former ICE Director, and stalwart on Border Control, Tom Homan, will be joining the Trump Administration, in charge of our Nation’s Borders [‘The Border Czar’],” Trump posted on his social network Truth Social late on Sunday. “I’ve known

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