Latest in Trump says half point rate cut shows US economy is ‘very bad’
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Trump’s win and the Fed’s rate cut are giving the stock market an open road
S&P 500 races ahead, and opportunities surface in solar power and crypto.Business - MarketWatch - 5 days ago -
Billionaire investor says market is 'very convinced' of Trump victory
Billionaire investor Stanley Druckenmiller said Wednesday that the market is “very convinced” of an election victory for former President Trump. “I must say, in the last 12 days, the market and the ...Politics - The Hill - October 17 -
Sticky inflation might make it more tricky for Fed rate cuts, CPI could show
A rapid slowdown in the rate of U.S. inflation appears to have lost steam, potentially raising questions about how aggressively the Federal Reserve will cut interest rates early next year.Business - MarketWatch - 7 hours ago -
Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts
With a Republican sweep of the presidency and Congress, mortgage rates could stay well above 6% for the rest of 2024.Business - CNBC - 5 days ago -
Polls Show Trump’s Edge Shrinking on Voters’ Top Issue: The Economy
It remains priority No. 1 for many voters, particularly those who are still undecided, according to Times/Siena polling. But can Kamala Harris translate her gains into votes?Business - The New York Times - October 30 -
These 4 Policies Show How Trump’s Victory Will Reverberate Through Global Economy
The rest of the world is looking plans for higher trade tariffs, deregulation, more oil drilling and more demands on America’s NATO partners and anticipating the strain on government finances, ...Business - Inc. - 6 days ago -
Trump says he could lose: 'Bad things could happen'
Former President Trump told ABC News on Sunday that he could imagine losing the presidential election to Vice President Harris. ABC News chief Washington correspondent Jonathan Karl talked to the ...Politics - The Hill - November 4 -
Trump chooses Susie Wiles as White House chief of staff
President-elect chooses his 2024 campaign manager in first appointment to major role in administrationWorld - Financial Times - 5 days ago -
How Orbán seized the Trump moment to speak for Europe
Also in this newsletter: Italy’s second attempt to ship migrants to AlbaniaWorld - Financial Times - 4 days ago -
The Fed talks about not talking about Trump
Jay Powell sets some limitsWorld - Financial Times - 4 days ago -
Over 60 held as violence breaks out against Israeli football fans in Amsterdam
Clashes take place after Europa League match between Ajax and Maccabi Tel AvivWorld - Financial Times - 4 days ago -
Japan’s new kingmaker pushes for income tax threshold rise
Yuichiro Tamaki’s once-fringe DPP has leverage over Prime Minister Shigeru Ishiba’s weakened ruling partyWorld - Financial Times - 4 days ago -
Five NHL Teams That Stand Out In A Bad Way Very Early On
The NHL's Canucks, Avalanche, Predators, Oilers and Red Wings have not impressed in the very early stages of this season. What's been surprising about their struggles?Sports - Yahoo Sports - October 17 -
Strong US economy and ‘Trump trade’ drive dollar rally
US currency hits highest level since August, as investors bet on growing likelihood of election victory for former presidentBusiness - Financial Times - October 22 -
Trump takes lead over Harris on US economy in final FT poll
FT-Michigan Ross survey shows most Americans think they will be better off if Republican winsBusiness - Financial Times - October 24 -
Trump victory bets and strong US economy power dollar gains
Greenback enjoys strongest month in two years ahead of presidential electionBusiness - Financial Times - November 2 -
US economy could ‘overheat’ under Trump, warns bond giant Pimco
CIO Dan Ivascyn says interest rate cuts could be paused and stocks look vulnerable after post-election rallyBusiness - Financial Times - 4 days ago -
If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.Business - The New York Times - 5 days ago -
Larry Fink says the Fed won't cut interest rates as much as markets expect this year
"I do believe we have greater embedded inflation in the world than we've ever seen," Fink said.Business - CNBC - October 29 -
Minneapolis Fed president says another interest rate cut in December is "certainly possible"
Neel Kashkari, the president of the Minneapolis Federal Reserve, tells "Face the Nation with Margaret Brennan" that another interest rate cut after the December Fed meeting is "certainly possible" ...Top stories - CBS News - 2 days ago -
US points finger at China amid reports of Trump, Vance phone hacks
The FBI and the Cybersecurity and Infrastructure Security Agency (CISA) are investigating alleged hacks by Chinese-affiliated actors amid multiple media reports that former President Trump's and ...Politics - The Hill - October 25 -
Bank of Canada resorts to jumbo rate cut as growth falters
Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall furtherWorld - Financial Times - October 23 -
Interest rate cut expected from Fed, U.S. markets surge after Trump election win
Federal Reserve Chair Jerome Powell is expected to announce an interest rate cut of 0.25 percentage points Thursday afternoon. That news comes as U.S. markets soar following the election of Donald ...Top stories - CBS News - 5 days ago -
How Trump’s win and the latest interest-rate cut will affect you as a consumer, homeowner and investor
Also: Expensive stocks, a Medicare warning and another milestone for Nvidia.Business - MarketWatch - 4 days ago -
'The market is right': Former Fed policymaker Mester sees fewer rate cuts next year after Trump's victory
The U.S. Federal Reserve could carry out fewer rate cuts than previously expected next year should President-elect Donald Trump's proposed global tariffs take hold, former Fed policymaker Loretta ...Business - CNBC - 8 hours ago -
Could a Trump presidency damage both democracy and the economy? Experts weigh in
Trump could damage the economy, experts say, if he makes good on threats to prosecute political rivals, including Kamala Harris.Top stories - ABC News - October 31 -
Dan Loeb’s Third Point says a Trump win would boost markets, drive up infrastructure spending
Third Point said it believes the Republicans will take control of both the White House and the Senate, leading to deregulation, an increase in U.S. manufacturing, and higher infrastructure spendingBusiness - MarketWatch - October 18 -
Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts
The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expensesBusiness - MarketWatch - October 30 -
Fed Beige Book continues to point to sluggish economy
Nine out of 12 districts report flat or declining activity.Business - MarketWatch - October 23 -
Lower oil prices are good for consumers — but a bad sign for the global economy
A significant drop in oil prices may offer consumers reason to celebrate, but it also hints at an economic slowdown in China, the world’s second largest economy.Business - MarketWatch - October 16 -
Cop29: UK commitment to cut greenhouse gas emissions must be ‘starting point, not finish line’, climate advisers say – live updates
Climate scientists and advisers back new UK commitment but warn that there is still work to be done. In the halls of Cop29, activists from Oil Change International gathered around a computer to ...World - The Guardian - 8 hours ago -
This was an election on the US economy. And for many Americans, the economy sucks
‘Strong’ for whom?World - Financial Times - 4 days ago -
Steve Madden says it will cut production in China to avoid Trump tariffs
The footwear- and accessory-maker says it already has a plan in place to reduce its reliance on imports from China.Top stories - CBS News - 4 days ago -
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Federal Reserve lowers rates by a quarter point
The Federal Reserve announced it is lowering the interest rate by a quarter point. NBC News’ Christine Romans explains what this means for the progress of inflation.Top stories - NBC News - 5 days ago