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Firms Bolster FX Hedges on Looming Trump Tariffs
Multinational companies are beefing up their foreign exchange hedging strategies to guard their overseas earnings from larger currency swings that could come from a second Donald Trump presidency.
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Poll: S&P 500 to Gain Over 8% by 2025 Year-End
The S&P 500 will rise over 8% between now and end-2025 as U.S. interest rate cuts and potentially less regulation under President-elect Donald Trump extend the market's strong run, according to a Reuters poll of equity strategists.
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Trump Vows to Ban $267M 'Censorship Cartel'
President-elect Donald Trump vowed to dismantle what he calls a "censorship cartel" as a new report shows combating "misinformation" has cost taxpayers $267 million, the New York Post reported.
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Amazon Says Robots to Result in More Skilled Jobs
Amazon has introduced a handful of robots in its warehouses that the e-commerce giant says will improve efficiency and reduce employee injuries.
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JPMorgan Sees Drop in Oil Prices Under Trump
J.P.Morgan Friday predicted a decline in oil prices during President-elect Donald Trump's upcoming term, citing his commitment to defeating inflation by reducing energy prices.
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Sen. Warner Stunned by China's Hold on US Phones
Senate Intelligence Committee Chair Mark Warner says he's stunned by the scope of China's breach into the U.S. telecommunications system, which went further than was described by the Biden administration.
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Gold and Oil Surge on Ukraine War Fears
Gold, oil, and safe haven assets from the Swiss franc to German government debt headed for strong weekly gains Friday after the Russia-Ukraine conflict escalated, while European gas price rises and poor economic data heaped pressure on the euro.In a week when Russia lowered...
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Awaiting Trump, US Auto Execs Further Temper EV Push
US auto giants signaled Wednesday they could further slow the ramp-up of electric vehicle production as Detroit awaits the arrival of a Trump administration eager to reverse key Biden climate initiatives.Donald Trump's transition officials have discussed killing a $7,500...
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Nvidia Rivals Aim to Build Different Kind of AI Chip
Building the current crop of artificial intelligence chatbots has relied on specialized computer chips pioneered by Nvidia, which dominates market and made itself the poster child of the AI boom.
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Trump's Election Thankfully Takes Spark Out of EVs
As long as Biden was in office, taxpayers were right there, next to the United Auto Workers (UAW), making sure the assembly lines kept producing cars the public didn’t want.
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Microsoft Pitches Self-Reliant AI 'Agents'
Microsoft CEO Satya Nadella is opening a company conference in Chicago with remarks that could set the stage for where it's taking its artificial intelligence business.
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Cryptoverse: 'Elation' as Bitcoin Basks in Trump Glow
Joe McCann was sitting in his Miami condo, eyes glued to screens flashing with bitcoin trades as the American election results rolled in.
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Jamie Dimon: Bankers 'Dancing in the Street' Over Trump Win
JP Morgan Chase CEO Jamie Dimon said Wall Street bankers are "dancing in the street" over President-elect Donald Trump's win.
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Tesla, Banks, Other 'Trump Trades' Drew Funds in Q3
Hedge funds piled into bets on financial stocks, Tesla shares and a prison operator in the third quarter, filings showed, ahead of a rally that followed Donald Trump's victory in the U.S. presidential election.
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FCC's Carr Probes Big Tech 'Censorship Cartel'
The senior Republican commissioner on the FCC is demanding that Big Tech companies fess up about their censorship activities targeting conservatives during the Biden years.
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Global Crypto Market Tops $3T on Hopes of Trump-Fueled Boom
The global cryptocurrency market's value has topped $3 trillion as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset class.
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Hapag-Lloyd CEO: Trump Win a Mixed Bag for Shipping
Donald Trump's victory in U.S. presidential elections gives mixed signals for global shipping, as positive macroeconomic impulses could be countered by the damaging effects of tariffs, said the head of Hapag-Lloyd Thursday.
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Inflation Worries Come Back to Haunt Bond Strategists
Donald Trump's presidential election win has forced bond strategists to make a material change in their outlook towards higher longer-dated Treasury yields, a Reuters poll found, as the risk of a U.S. inflation resurgence escalates.
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Global Luxury Goods Market Expected to Shrink in 2025
Global sales of personal luxury goods are forecast to shrink in 2025 for the first time since the Great Recession, according to a Bain consultancy study released Wednesday.
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Biden EPA to Charge First-Ever 'Methane Fee' for Drilling Waste by Oil & Gas Companies
Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a rule being made final by the Biden administration.
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Bitcoin Sparkles as Trump Trades Roll on
With President-elect Donald Trump's Republican Party looking likely to claim a majority in both chambers of Congress, the so-called Trump trades are showing no signs of easing.
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Offshore Wind Industry Seeks Compromise With Trump
Opponents of offshore wind energy projects expect President-elect Donald Trump to kill an industry he has vowed to end on the first day he returns to the White House. But it might not be that easy.
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Fed's Kashkari: Deportations Could Disrupt Labor
Widespread deportation of foreign-born workers from the United States probably would disrupt some businesses, but the impact on inflation and the broad economy would depend on the details, Minneapolis Federal Reserve President Neel Kashkari said.
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Wall Street Cheers Trump's Return to White House
President-elect Donald Trump's White House victory immediately energized Wall Street.
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Automakers Brace for Trump Tariffs, EV Changes
Automakers are bracing for President-elect Donald Trump to impose new tariffs on vehicles from Mexico and potentially from other countries and to reverse many existing pro-electric vehicle policies, industry associations and executives said.