Photo: Spencer Platt (Getty Images) In This Story The Nasdaq and other major stock market indexes began the week in positive territory on Monday as President Donald Trump planned new tariffs on steel and aluminum imports. The move follows Trump’s tariff announcements last week, which shook global markets. Donald Trump wants a sovereign wealth fund….
Hong Kong’s finance chief has discussed strategies to avoid a “new, non-cooperative normal” with more than 70 global political and business leaders at the World Economic Forum’s annual meeting in Davos. Paul Chan Mo-po also promoted the city’s “new advantages” during various meetings with the leaders, according to the financial secretary’s office on Thursday. He…
Coinbase tops Apple’s iOS finance category with a record $12 billion in trading volume. Coinbase introduces the COIN50 Index and perpetual futures, enhancing investment options for institutional and retail investors. Coinbase’s climb to the top of Apple’s iOS App Store finance category is a big achievement for the crypto exchange. Reflecting a spike in user…
Photo: DIMITRIS KAPANTAIS (Getty Images) It is generally expected that Trump will favor policies that would benefit American oil companies. Non-renewable energy stocks, which provide services to the oil and energy industry, performed well after his victory. EQT (EQT), a natural gas producer that engages in hydrocarbon exploration and pipeline transport, has surged since Trump’s…
Donald Trump is headed back to the White House. Investors believe that’s much better news for some sectors of the U.S. economy than others—and the same goes for different parts of individual Americans’ stock portfolios. Some plays seem obvious. Trump has traditionally been viewed as positive for banks and fossil fuel companies but a scourge…