News Updates from December 12 Trump Invites Xi to His Inauguration British Hedge Fund Trader Jailed in Denmark over Tax Fraud
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What high stock prices do
Plus credit spreads, and more on department storesFinancial Times - 2h -
Why Meloni’s annual far-right festival is becoming mainstream
Also in this newsletter: Europe’s telcos plead for deregulationFinancial Times - 2h -
Amazon to contribute $1 million to Trump’s inauguration fund. Meta is also donating $1M
Amazon is planning to donate $1 million to President-elect Donald Trump’s inauguration fundABC News - 2h -
FirstFT: Trading frenzy boosts brokerages and Wall Street banks
Also in today’s newsletter, HSBC’s retail banking review and Donald Trump invites Xi Jinping to inaugurationFinancial Times - 3h -
Sánchez gears up for Spanish budget battle as political tensions mount
PM contends with perception of legislative inaction as well as corruption allegations against members of his inner circleFinancial Times - 3h -
Amazon Plans $1 Million Donation to Trump’s Inaugural Fund
The move follows Meta’s donation of the same amount to the fund earlier this week.The New York Times - 6h -
Amazon is the latest Big Tech company to donate $1mn to Trump fund
Contribution to inauguration effort comes as founder Jeff Bezos and others attempt to build ties with the president-electFinancial Times - 7h -
Trump’s invitation to Xi for inauguration could signal a ‘grace period’ before China faces tariffs
U.S. President-elect Donald Trump’s decision to invite Chinese President Xi Jinping to his inauguration next month could be a sign that Beijing won’t immediately get hit with tariffs as Trump’s ...MarketWatch - 8h -
Trump invites China's Xi Jinping to inauguration
President-elect Donald Trump has invited Chinese President Xi Jinping to his inauguration next month, according to multiple sources.CBS News - 13h -
Mark Zuckerberg's Meta Donates $1 Million to Trump's Inaugural Fund
The president-elect had blasted the tech tycoon during the presidential campaign, but ties have been improving.The Wall Street Journal - 1d -
China's Xi not expected at Trump's inauguration
President-elect Trump invited Xi to the swearing-in ceremony shortly after winning the election.CBS News - 11h -
British trader found guilty of £1.4bn fraud in Denmark
He was sentenced to 12 years in prison - the heaviest penalty ever for a Danish fraud case.BBC News - 12h -
Will China's Xi Jinping attend Trump's inauguration?
President-elect Donald Trump and his team are reacting to news of the invitation extended for China's President Xi Jinping to attend the inauguration. CBS News' Libby Cathey has more.CBS News - 12h -
British businessman Sanjay Shah jailed for 12 years over £996m Danish tax fraud
Shah found guilty of gross fraud and given longest sentence for financial crime in country’s history. The British businessman Sanjay Shah has been sentenced to 12 years in prison for fraud ...The Guardian - 15h -
Trump has invited China's Xi to inauguration, spokesperson says
Karoline Leavitt told Fox News Trump wants to create dialogue with adversaries.ABC News - 15h -
British hedge fund trader jailed in Denmark over ‘cum-ex’ tax fraud
Sanjay Shah receives 12-year sentence for masterminding scheme that led to billions in refunds of non-existent tax paymentsFinancial Times - 16h -
Meta donates $1m to Donald Trump’s inaugural fund
Donation comes after CEO Mark Zuckerberg dined with Trump at Mar-a-Lago and appears to be an effort to improve relations. Meta has donated $1m to Donald Trump’s inaugural fund, the company ...The Guardian - 17h -
Trump has invited China’s President Xi Jinping to his inauguration
Outreach comes as Beijing seeks clarity on how relations with Washington will fare under incoming administrationFinancial Times - 17h -
Trump has invited Xi Jinping to attend inauguration
President-elect Trump has invited Chinese President Xi Jinping to attend his inauguration next month in Washington, a spokesperson confirmed Thursday. Karoline Leavitt, who will serve as White ...The Hill - 18h -
Gingrich: Xi attending Trump inauguration would be ‘signal to the planet’
Former House Speaker Newt Gingrich (R-Ga.) responded to President-elect Trump's invitation to Chinese President Xi Jinping to attend Inauguration Day in January, saying his acceptance would send a ...The Hill - 18h -
Trump invites China's Xi Jinping to his inauguration
President-elect Donald Trump has invited Chinese President Xi Jinping to his inauguration in January, though it's unclear if he plans to attend.NBC News - 19h -
Meta donates $1mn to Trump’s inauguration fund
First-time contribution shows social media platform and its chief are trying to mend relations with president-electFinancial Times - 1d -
Meta donates $1 million to Trump's inaugural fund
The move comes two weeks after Meta CEO Mark Zuckerberg traveled to Florida and dined with President-elect Donald Trump in Mar-a-Lago.CBS News - 1d -
Mark Zuckerberg’s Meta Donates $1 Million to Trump’s Inaugural Fund
The move follows a visit that Mark Zuckerberg, Meta’s chief executive, made last month to Mar-a-Lago to meet with President-elect Donald Trump.The New York Times - 1d -
Nato’s European members discuss 3% target for defence spending
Increased military expenditure could be agreed at next year’s summit, intensifying pressure on national budgetsFinancial Times - 1d -
Selfridges’ Thai co-owner says it overpaid for luxury store portfolio
Head of Central Group family conglomerate says higher global interest rates make original £4bn price tag less attractiveFinancial Times - 1d -
Jan. 6 rioter says retired congressman invited him to Trump's inauguration
A Jan. 6 rioter filed a letter showing that a retired Republican congressman invited him to attend President-elect Trump's inauguration in Washington, D.C, next month. Russell Taylor, a California ...The Hill - 1d -
Jan. 6 defendant invited to Trump's inauguration by former GOP lawmaker
A former member and three current members of Congress invited a Jan. 6 defendant to President-elect Donald Trump's inauguration, according to a letter filed by the defendant's lawyer.NBC News - 1d -
Trump invites China's Xi Jinping to inauguration
Sources have confirmed to CBS News that President-elect Donald Trump has invited Chinese President Xi Jinping to his inauguration in January. The invitation comes despite Trump's repeated plan to ...CBS News - 1d -
'A man of integrity': Retired congressman invites Jan. 6 rioter to inauguration
A man who pleaded guilty to a felony for participation in the Capitol riot filed a letter showing he was invited by a retired congressman to attend the inauguration.ABC News - 1d -
Everyone hates duration
And China’s monetary policy stanceFinancial Times - 2d -
Adani drops US financing for strategic Sri Lanka port
Conglomerate pulls out of $500mn loan deal as it wrestles with bribery allegationsFinancial Times - 2d -
Live updates: Congress sprints to end as Trump nominees make rounds
Lawmakers returned to the Capitol this week to begin a sprint to finish work on a bill to keep the government funded, and legislation to authorize major defense programs. Read about the effort to ...The Hill - 2d -
Manhunt for US executive’s killer becomes a search for motive
Luigi Mangione, charged with last week’s gruesome New York murder, has drawn wave of morbid admirationFinancial Times - 3d -
Trump’s IRS Pick Billy Long is Sweet on the Fraud-Plagued Employee Retention Tax Credit
Some lawmakers say Trump’s new pick to lead the Internal Revenue Service is “a bizarre choice.”Inc. - 6d -
Nvidia tangos with an activist hedge fund: An excerpt from Tae Kim's new book on the tech giant
Starboard Value's Jeff Smith knows his firm sold its Nvidia stake way too soon, Tae Kim writes in "The Nvidia Way: Jensen Huang and the Making of a Tech Giant."CNBC - Dec. 5 -
Hedge funds profit from ‘Trump trades’ around US election
Element Capital and Graham Capital among macro managers that did well out of recent market swingsFinancial Times - Dec. 3