Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast

Major investment banks and research firms project offshore yuan to weaken to an average 7.51 per dollar through the end of 2025, the weakest level on record.

Business - CNBC - 4 hours ago

Thanksgiving Travel Forecasts Hit Record 80 Million

Roads and airports could be jammed this holiday, according to estimates from AAA, which says this year’s total could be the highest ever.

Business - Inc. - November 18

Halloween forecasts predict record temperatures in parts of the U.S.

East Coast and southern U.S. states experienced high temperatures this Halloween, with the heat forecast set to break records. CBS News 24/7 anchor Lana Zak reports on the weather and how New ...

FirstFT: Trump’s first appointment

Also in today’s newsletter, Fed cuts rates and Citi revamps wealth banker pay

World - Financial Times - November 8

Mexico Signals It Could Hit Back With Tariffs at U.S.

Could a tariff war erupt between the United States and Mexico? A top Mexican official said his country might retaliate if the Trump administration placed steep tariffs on Mexico.

Business - The New York Times - November 12

Mexico hits back as Trump’s tariff threat shakes markets

President Claudia Sheinbaum hints at retaliation and says US southern neighbour is tackling migrant and drug problem

Business - Financial Times - Yesterday

U.S. Farmers Brace for New Trump Trade Wars Amid Tariff Threats

Despite their concerns, some farm operators still support the former president and prefer his overall economic plan.

Business - The New York Times - November 4

Trump's tariff threats send U.S. companies scrambling for lobbyists and loopholes

In the days since President-elect Donald Trump won the presidential race, Nicole Bivens Collinson’s phone has barely stopped ringing.

After tariff threat, Trump selects Jamieson Greer as U.S. trade representative

If confirmed as trade representative, Jamieson Greer would be responsible for negotiating directly with foreign governments on trade deals and disputes.

After tariff threat, Trump selects Jamieson Greer as U.S. trade representative

If confirmed as trade representative, Jamieson Greer would be responsible for negotiating directly with foreign governments on trade deals and disputes.

Politics - CBS News - 21 hours ago

U.S. hits Israeli settler group with sanctions over West Bank violence

The United States imposed sanctions on an Israeli settler group it accused of helping perpetrate violence in the occupied West Bank.

U.S. Factory Towns Laid Low by the ‘China Shock’ Are Benefiting From New Investments

Communities that suffered the worst of plant closings in recent decades are now gaining an outsize share of fresh investment and new jobs.

Business - The New York Times - November 1

Trump Tariffs Would Hit GM and Other U.S. Automakers Hard

If 25 percent tariffs are slapped on imports from Mexico and Canada, vehicles made there by GM, Ford, and Stellantis would get more expensive.

Business - Inc. - 19 hours ago

Overnight stock trading hit a record high on the night of the U.S. election

Brokerages that offer overnight and 24-hour trading saw a surge in volume on the night of the U.S. election.

Business - MarketWatch - November 7

Corporate bond spreads hit a record low last week — and may be an early sign of a bubble

Investment-grade and high-yield spreads tightened to record levels over Treasurys.

Business - MarketWatch - November 19

China’s defence minister placed under investigation for corruption

US officials say probe is part of wider operation to uncover graft in People’s Liberation Army

Business - Financial Times - Yesterday

Dow closes at record high, defying fears of panic sparked by Trump's tariff threat

The major stock indexes surged higher on Tuesday.

Chinese firms invest in Saudi construction

World - Yahoo News - November 8

'Everyone is calling': Trump's tariff threats send U.S. companies scrambling for lobbyists and loopholes

Donald Trump campaigned on hardline tariff proposals that alarmed economists, corporate America and Wall Street.

Business - CNBC - November 12

Tim Cook and other U.S. executives attend China expo, meet officials as Trump tariff threat looms

A number of high-profile American business leaders are in China this week for the country's second annual international supply chain expo, including Apple's Tim Cook.

Business - CNBC - 2 days ago

Veteran homelessness drops to record low

Veterans homelessness rates have dropped to a record low since detailed counting began in 2009, the Biden administration announced Monday for Veterans Day. In January of this year, officials ...

Politics - The Hill - November 11

Banks face growing risk as double defaults on commercial loans mount

A bank practice known as ‘extend and pretend’ has delayed a write-off reckoning but may hide a growing systemic risk

World - Financial Times - November 7

How to deal with Trump’s tariff threats

Canada, Mexico and China have options to avoid a trade war

Business - Financial Times - Yesterday

U.S. stock market hits record highs with boost from election results and Fed announcement

The Dow and S&P 500 have set new records as post-election optimism and a major Fed announcement drive a market surge. CBS News MoneyWatch's Kelly O'Grady explains what's behind the rise.

EU drives through tariffs on Chinese electric vehicles

Levies totalling up to 45% needed to compensate for Beijing’s ‘injurious’ subsidies, says Brussels

Business - Financial Times - October 30

Businesses brace for Trump tariffs on Chinese goods

Businesses are preparing for the spate of new tariffs on Chinese goods promised by former President Trump on the campaign trail, making advanced purchases of imported goods and buying up extra ...

Politics - The Hill - October 30

EU imposes new tariffs on Chinese cars

The European Union on Wednesday imposed tariffs on Chinese-produced electric vehicles (EVs), adding another pressure point to Chinese EVs on top of existing American duties imposed by President ...

Politics - The Hill - October 30

European Commission challenges Chinese brandy tariffs at WTO

World - Yahoo News - 2 days ago

AMD reports record revenue but Q4 forecast disappoints

Advanced Micro Devices reported record Q3 revenue of $6.8 billio, up 18%. But the shares fell due to a disappointing forecast for Q4.

Tech - VentureBeat - October 29

Foxconn reiterates forecasts after record profits

Taiwanese contract manufacturer Foxconn on Thursday said it was reiterating its outlook but with better visibility after record earnings and profit.

Business - MarketWatch - November 14

Mount Fuji still without snow in late October - longest wait in 130 years

Japan's highest mountain typically gets snow by early October, but there has been unusually warm weather this year.

Mount Fuji snowless for longest time on record after sweltering Japan summer

As of 29 October, the iconic mountain was still without snow, marking the longest period since records began 130 years ago. Japan’s Mount Fuji remained snowless on Tuesday, marking the latest date ...

World - The Guardian - October 30

Japan’s Mount Fuji Gets Snow After Breaking Snowless Record

Mount Fuji, the country’s tallest summit, is revered for its snowy peak. A snowfall reported on Wednesday ended its longest snowless period in 130 years.

Top stories - The New York Times - November 6

11 bank stocks trading at low valuations, even after Trump bump

Bank stocks have had quite a run following Donald Trump’s election to a second term as president. But investors need to ask themselves whether or not some of stocks are trading too high.

Business - MarketWatch - November 16

AI Investments Are Booming, but Venture-Firm Profits Are at a Historic Low

Investors hope the Trump administration will make tech acquisition deals easier.

Tech - The Wall Street Journal - November 18

Could Trump’s Tariffs Lead to Higher Prices? Here’s What to Know.

The president-elect says that tariff is “the most beautiful word in the dictionary.” You may be hearing it a lot.

Business - The New York Times - November 7

Trump’s Tariff Threat Roils Global Markets

The dollar gained and investors sold off stocks after the president-elect promised to levy new restrictions on the United States’ biggest trade partners.

Business - The New York Times - Yesterday

12:30 Report — Trump’s tariff threat

{beacon} 12:30 REPORT It’s Tuesday of Thanksgiving week. Things are starting to quiet down in Washington. Here’s what’s happening: Trump says he will impose new tariffs on the goods from China, ...

Politics - The Hill - Yesterday

Latest in Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast