November 11, 20240 Comments

Trump tariffs likely to lead to higher U.S. interest rates: IIF chief

Extreme tariffs proposed by U.S. presidential candidate Donald Trump would interrupt the path of disinflation and could lead to higher interest rates, according to the head of the Institute of International Finance. “The assumption is you’ll have higher inflation, higher interest rates than you would have in the absence of those tariffs,” Tim Adams, president and CEO of the IIF financial services industry trade group, told CNBC’s Karen Tso on

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November 11, 20240 Comments

Bitcoin surges to record high on Trump bets By Reuters

SINGAPORE (Reuters) – soared to record high of over $81,000 on Monday (NASDAQ:) as Donald Trump’s victory in the U.S. presidential election along with pro-crypto candidates being voted to the Congress spurred expectations of a light-handed regulatory environment. Bitcoin, the world’s biggest and best-known cryptocurrency, has more than doubled from the year’s low of $38,505 it hit on Jan. 23. It was last at $80,829 in Asian hours having touched

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November 11, 20240 Comments

Trump pressures GOP Senate leadership hopefuls to fill cabinet quickly | Donald Trump News

President-elect says leadership candidates must agree to allow him to bypass Senate confirmation votes for appointees. US President-elect Donald Trump has said that any Republican lawmaker vying to be a party leader in the United States Senate must allow him to appoint cabinet officials without a confirmation vote in the chamber. Republican senators are in the process of picking their next leader, who will wield significant power come January after

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November 11, 20240 Comments

Bitcoin tops record $80,000 as Trump nears sweep of US Congress

The price of bitcoin has risen above $80,000 (£62,000) for the first time ever, after Donald Trump’s decisive victory in the US election last week. It comes as the Republicans are edging closer to overall control of Congress after having already secured the presidency and a majority in the Senate. On the campaign trail the president-elect pledged to make the US “the crypto capital of the planet”. The value of

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November 10, 20240 Comments

What a second Trump presidency could mean for the machinery sector: Barclays By Investing.com

Investing.com — As the U.S. presidential race unfolds, with former President Trump on track to return to the White House, major policy shifts appear likely, impacting sectors like machinery and construction.  Analysts at Barclays (LON:) have identified core areas where changes in trade, immigration, and regulatory policies under a Trump administration could reshape these industries, from tariff impacts to funding challenges. Tariffs, a key issue in Trump’s first term, could

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November 10, 20240 Comments

US shares, Bitcoin hit record high and dollar soars on Trump win

US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the White House in a historic win. Bitcoin also hit an all-time high, following Trump’s election promise to prioritise the volatile crypto currency. Investors were, however, betting that Trump’s plan to cut taxes and raise tariffs will push up inflation and reduce the pace of interest

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November 10, 20240 Comments

Biden will push Trump to back Ukraine in transition meeting: Adviser | Russia-Ukraine war News

United States President Joe Biden will try to convince President-elect Donald Trump not to pull support from Ukraine when he takes office, the outgoing president’s national security adviser has said. Biden will make his pitch to Trump, who has repeatedly bashed US aid to Ukraine, when the two meet on Wednesday for a White House transition meeting, Jake Sullivan said in an interview with the CBS News programme Face the

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