President-elect Donald Trump’s Treasury secretary pick, Scott Bessent, was expected by some to reignite the post-election rally that led to one of the best post-election equity rallies of all time. Bessent was the consensus pick on Wall Street, which perhaps contributed to why Elon Musk called him the “business-as-usual” candidate for the job. Stocks rose…
{KXLG – Watertown, SD} The Boys & Girls Club of Watertown has announced in a notice sent to parents changes to its membership fee structure for 2025, effective from the next enrollment period. The increase would be the first increase in eight years for the club. According to the notice, the fee increase is necessitated…
If Wall Street learned one thing during Donald Trump’s first term as president, it’s that the stock market is a way he keeps score. At various points he took credit for equities rallies, urged Americans to buy the dip, and even considered firing Federal Reserve Chairman Jerome Powell, who he blamed for a selloff. Now…
JGI/Tom Grill | Tetra images | Getty Images At a recent campaign rally, President-elect Donald Trump promised new financial help for family caregivers. “I will support a tax credit for family caregivers who take care of a parent or a loved one,” Trump said during an October speech at New York’s Madison Square Garden. “It’s…
I’m Malcolm Scott, international economics enterprise editor in Sydney. Today we’re looking at China’s options if Trump delivers on his tariff threats. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. One of…
Former President Donald Trump said he’d consider entirely replacing income taxes with tariffs, conceded he had botched senior staff appointments, and teased a possible revelation about extraterrestrial life during a freewheeling three-hour podcast with comedian Joe Rogan on Friday. It was an unorthodox – and lengthy – conversation for a presidential candidate, underscoring the Republican…
NEW YORK (AP) — U.S. stock indexes barely budged after a quiet day of mixed trading on Tuesday. The S&P 500 edged down by less than 0.1%. It was a tiny loss, but it still marked the first back-to-back drop for the index in a month and a half. The index fell modestly on Monday…
Beijing’s latest blitz of economic policy measures is designed more to mitigate risks than to provide broad stimulus in the near term, according to Haibin Zhu, chief China economist at JPMorgan Chase & Co. “If you ask me whether it represents a game changer or China’s ‘whatever-it-takes’ moment — or another round of a 4…
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The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. China’s economy grew at the fastest pace in a year in the first quarter, putting Beijing on track to meet its growth goal for the year without adding major stimulus, while also helping to cushion the global economy against a…