Latest in Rising U.s Dollar
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Another Trump presidency could be a boon for the dollar — but some expect a bumpy ride
President-elect Donald Trump’s victory in the November U.S. presidential election has helped revive Wall Street’s faith in “king dollar.”Business - MarketWatch - November 12 -
Inside Goldman Sachs’ years-long power struggle over its China venture
A deal with a prominent Chinese banker gave the US group market access, but securing full control cost a lot more than it expectedBusiness - Financial Times - November 14 -
Inside the Billion-Dollar Startup Bringing AI Into the Physical World
Physical Intelligence has assembled an all-star team and raised $400 million on the promise of a stunning breakthrough in how robots learn.Tech - Wired - November 14 -
China borrows almost as cheaply as US in return to dollar bond market
Investors place nearly $40bn of orders to buy $2bn of bonds issued by China’s finance ministryBusiness - Financial Times - November 14 -
Robert F. Kennedy Jr.’s Billion-Dollar Hit to Big Pharma
Donald Trump’s choice to run the Department of Health and Human Services spooked investors who worry what Kennedy would do.Business - The New York Times - November 15 -
The Dollar Still Has Its Mojo. X, Not So Much.
Ruining a network is hard, but Elon Musk shows it’s possible.Top stories - The New York Times - November 19 -
Magritte, Master of Surrealism, Joins the $100 Million Dollar Club
Move over, Picasso, van Gogh and Warhol. With an inscrutable painting, the Belgian painter breaks a nine-figure threshold at Christie’s fall auction.Top stories - The New York Times - November 20 -
Euro-dollar parity is back in focus as Trump win sparks trade jitters
The euro last traded at $1 and below in 2022, but fresh developments have put parity back on the agenda.Business - CNBC - November 20 -
Walmart thrives and Target struggles as shoppers prioritize basics and bargains
Big retailers’ fortunes are diverging ahead of the holiday shopping season, with consumers proving to be choosy spenders in the run-up to Black Friday and Cyber Monday.Top stories - NBC News - November 20 -
Is China a 'Developing' Country? That's the Trillion-Dollar Question at U.N. Climate Talks
Officials from developed and developing countries agree that more than $1 trillion a year is needed to finance poorer nations’ response to climate change—but not on who should pay up.World - The Wall Street Journal - November 21 -
Supreme Court allows multibillion-dollar class action to proceed against Meta
The Supreme Court is allowing a multibillion-dollar class action investors’ lawsuit to proceed against Facebook parent Meta stemming from the privacy scandal involving the Cambridge Analytica ...Tech - ABC News - November 22 -
Strong dollar set to hit emerging market bonds, warn investors
EM debt funds suffer outflows as hopes of rate cuts by developing nations fadeWorld - Financial Times - 6 days ago