Bitcoin prices hit $80,000 for the first time on Sunday. The president-elect has vowed to ease the regulatory burden on crypto and create a reserve to hold the nation’s bitcoin supply. Source link
Getty Images Donald Trump swept to victory on Tuesday by chipping away at groups of voters which Democrats once believed would help them win the White House for a generation. After Barack Obama’s victory in 2008, many triumphantly claimed that the liberal voting coalition which had elected the first black president was growing more powerful, as the makeup of America changed. Older, white conservatives were dying off, and non-white Americans
Donald Trump vowed on his campaign that he would tax all goods imported into the US if he won back the White House. Following his victory, businesses and economists around the world are scrambling to work out how serious he is. Trump sees tariffs as a way of growing the US economy, protecting jobs and raising tax revenue. In the past, he has targeted tariffs at individual countries such as
Investing.com — Donald Trump’s anticipated second term could redefine the trajectory of AI space in the United States. While there was a strong continuity between Trump’s AI policies in his first term and Joe Biden’s term, the former president’s rapport with tech executives, criticism of regulation, and a tougher stance against China “suggest a change in approach is imminent,” according to Deutsche Bank (ETR:) analysts. With rapid developments in generative
India’s Prime Minister Narendra Modi shakes hands with former U.S. President Donald Trump before a meeting at Hyderabad House in New Delhi on February 25, 2020. Mandel Ngan | Afp | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can
Trump victory sparks seismic week for stock market. Investors need to keep cool. Source link
President-elect Donald Trump’s victory spurred a rise in in the U.S. 10-year Treasury yield. Mortgage rates, which loosely follow the benchmark yield, are also climbing. The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, according to Mortgage News Daily. That is the highest rate since July 1 of this year, though not quite the surge some had expected. “The expectation among bond traders coming
A senior adviser to president-elect Donald Trump says the incoming administration will focus on achieving peace in the war in Ukraine rather than winning back territory. Bryan Lanza, a Republican party strategist, told the BBC the Trump administration would ask Ukrainian President Volodymyr Zelensky for his version of a “realistic vision for peace”. “And if President Zelensky comes to the table and says, well we can only have peace if
With the U.S. election result and the German government’s collapse, the lagging European economy is at a crossroads. Source link
It’s still uncertain what Donald Trump’s second presidency will look like, but his first administration was highly responsive to business issues with a set way of operating, top German business executive Joe Kaeser told CNBC. “If I personally, for my company at the time, had an issue to resolve, his administration was extremely receptive,” the chairman of the supervisory board of Siemens Energy said in an interview with CNBC’s Annette
