By Caroline Valetkevitch and Susan Heavey NEW YORK/WASHINGTON (Reuters) -Shares of Trump Media & Technology Group gained on Friday after U.S. President-elect Donald Trump said he had no intention of selling his shares in the company, which owns his Truth Social media platform. In a post on Truth Social, Trump rejected what he described as rumors that he was planning to sell shares a day after the stock slumped. “There
Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024. Brian Snyder | Reuters DETROIT — Stock prices of foreign automakers, including Chinese and German manufacturers, fell sharply on Wednesday amid concerns the U.S. will hike tariffs on imported vehicles under President-elect Donald Trump. European-traded shares of BMW and Mercedes-Benz
By Pete Schroeder and Chris Prentice WASHINGTON/NEW YORK (Reuters) -The banking and finance industries are rapidly drawing up wish lists for lighter regulation under President Donald Trump’s incoming administration as Wall Street sees a window of opportunity to influence policy. Numerous financial trade groups are working on detailed lists to hand to Trump’s transition team, according to four industry sources who asked not to be identified. That follows weeks of
Getty Images The head of the US central bank has hit back at speculation that his post might be in jeopardy as Donald Trump prepares to assume power in Washington. Federal Reserve chairman Jerome Powell said he would not step down if Trump asked and that it is “not permitted under law” for the White House to force him out. Mr Powell was responding to questions from reporters at a
(Reuters) -Donald Trump has begun the process of choosing a cabinet and selecting other high-ranking administration officials following his U.S. presidential election victory. Here are some of the contenders for several posts overseeing regulation and enforcement. Commerce Department LINDA MCMAHON McMahon is seen as a top contender for Commerce secretary. She served as head of the Small Business Administration in the first Trump administration and is chair of the pro-Trump
Black business leaders are trying to figure out why Vice President Kamala Harris lost the presidential race, and how to approach the coming administration of President-elect Donald Trump. “It certainly means change. That’s what the voters wanted, and that’s what they thought President Trump represents,” said Charles Phillips, co-chair of the Black Economic Alliance and co-founder of Recognize. “What contributed to Trump’s win is people are tired of the cultural
The UK could face a £22bn hit to its exports if Donald Trump imposes a blanket 20% tariff on all imports into the US, according to a new analysis. UK exports to the world could fall more than 2.6% due to lower trade with the US and knock-on effects globally, economists at the University of Sussex’s Centre for Inclusive Trade Policy (CITP) said. This fall could happen if the President-elect
Jamie Dimon will stay in his job, with no plans to join Trump administration Source link
Breadcrumb Trail Links News Economy Political outsider like Musk could help cut regulation and rein in bureaucracy, even if moves unpopular Get the latest from Barbara Shecter straight to your inbox Sign Up Published Nov 08, 2024 • 7 minute read You can save this article by registering for free here. Or sign-in if you have an account. The idea that Elon Musk, left, could play a direct role in
Federal Reserve Board Federal Reserve Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on November 07, 2024 in Washington, DC. Kent Nishimura | Getty Images Federal Reserve Chair Jerome Powell dodged question after question at his Thursday news conference from a press corps eager to elicit the central bank leader’s thoughts about President-elect Donald Trump. At some point, though, Fed policymakers,
