Donald Trump said repeatedly during his campaign to return to the US presidency that he could quickly negotiate an end to Russia’s war in Ukraine. There’s now concern in Ukraine and among its allies that once Trump is inaugurated in January, the US will back away from supporting the effort to fend off Russian invasion….
A seismic selloff in Treasuries paused Thursday as investors’ attention turned from Donald Trump’s victory in the US presidential election to interest-rate decisions from major central banks including the Federal Reserve. The yield on 30-year US bonds was little changed at 4.61% after a 17-basis-point surge Wednesday — the biggest since March 2020. UK debt…
The fortunes of the ten richest people in the world surged by a daily record as Donald Trump won a second term as president. The net worth of billionaires led by Tesla Inc.’s Elon Musk, the world’s wealthiest person, surged by $63.5 billion on Wednesday, according to the Bloomberg Billionaires Index. Musk alone added $26.5…
An expanded US-China trade war during President-elect Donald Trump’s second term could slash the Asian nation’s economic growth by two percentage points and prompt Beijing to stimulate domestic demand, according to Macquarie Group Ltd. Trump’s campaign vow to raise tariffs on Chinese goods to 60% could cause the nation’s exports to decline by about 8%…
Stocks hit all-time highs following early-morning news that former President Donald Trump is once again President-elect Donald Trump. US yields jumped and the dollar saw its best day since 2022 as investors cheered the Republican’s return to the presidency and the potential for what increasingly looks like his party’s control of both houses of Congress….
China’s export growth surged in October to the fastest in more than two years, extending a months-long run of resilience that helped sustain the economy before a barrage of stimulus measures aimed at shoring up domestic demand. Exports rose 12.7% in dollar terms from a year earlier and imports fell 2.3%, the customs administration said…
Donald Trump is back. With him comes renewed vows to take on China and reclaim America’s position atop the global word order. And he’s vowing to pick up where he left off on his trade war with China. In this week’s podcast, Rebecca Jones asks Bloomberg senior editor Malcolm Scott about the big implications that…
China extended its congratulations to Donald Trump for his victory in the US election, while the president-elect reportedly spoke on the phone with Chinese leader Xi Jinping. A Foreign Ministry spokesperson commended the Republican on his win over Kamala Harris, according to a statement late Wednesday night. “We respect the choice of the American people…
Asian equities were set to climb Thursday after US stocks hit fresh highs as investors positioned for a second Donald Trump presidency. Treasuries tumbled and the dollar soared. Australian stocks and futures contracts for Japanese stocks advanced, echoing the gains on Wall Street. The S&P 500 climbed 2.5% Wednesday, its best post-Election Day in history,…
No billionaire did more to help Donald Trump win the US presidential election than Elon Musk. The Tesla Inc. and SpaceX boss will now find out whether it pays off or he ends up getting burned. Musk, whose growing political apparatus has already proved its mettle, will gain more than just an ally in the…