China’s top leaders signaled more stimulus for next year with the first shift in their monetary policy stance in some 14 years, as Beijing braces for a second trade war when Donald Trump takes office next month. The Politburo, comprising the ruling Communist Party’s most senior 24 officials and led by President Xi Jinping, announced…
JPMorgan Chase CEO Jamie Dimon has been communicating with Donald Trump in recent months through secret back channels, helping the president-elect hammer out a policy agenda before and since his decisive White House victory, The Post has learned. The 68-year-old Wall Street titan — who, like 78-year-old Trump, grew up in Queens in New York…
Remember a decade or so when almost everyone was scared to shop online? The idea of putting credit card numbers on the internet was frightening and many people swore they’d never do it. Just about all of those people do at least some Christmas shopping online. While that may not be a problem, hackers see…
Two U.S. lawmakers reportedly want the country to rethink its banking relationship with Hong Kong. Rep. John Moolenaar, R-Michigan, and Rep. Raja Krishnamoorthi, D-Illinois, sent a letter to Treasury Secretary Janet Yellen asking how the department plans to combat money laundering and sanctions evasion conducted through Hong Kong’s financial system, the Wall Street Journal (WSJ) reported Monday (Nov. 25). Moolenaar…
Volodymyr Zelenskiy is addressing a special sitting of the European Parliament tomorrow to mark 1,000 days of Russia’s invasion. But despite all of Europe’s pledges to back him “as long as it take,” behind the scenes the Ukrainian president is under intense pressure to consider new ways to get to the negotiating table with Vladimir…
The stock-market euphoria that followed Donald Trump’s presidential victory saw traders snap up risk-asset ETFs as they largely shrugged off the prospect of higher interest rates that threaten to dent some of those strategies. In total, roughly $18 billion of fresh money was added to exchange-traded funds focusing on US equities Wednesday. That’s almost 16…
Citigroup Inc.’s country officer and head of banking for China Luke Lu is departing after being in the role for less than a year. Lu, who was appointedBloomberg Terminal in late January, is leaving for personal reasons and the bank has started the search for his replacement, a Citi spokesperson said in an emailed response…
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is,…
Chinese scientists have mounted what they say is the world’s first effective attack on a widely used encryption method using a quantum computer. The breakthrough poses a “real and substantial threat” to the long-standing password-protection mechanism employed across critical sectors, including banking and the military, according to the researchers. Despite the slow progress in general-purpose…
Google has said it plans to appeal, and that its search engine has won users through its quality | (Photo: Shutterstock) 4 min read Last Updated : Oct 09 2024 | 11:02 AM IST The US said on Tuesday it may ask a judge to force Alphabet’s Google to divest parts of its business,…