Why are investors excited about Trump’s upcoming term? – CBS News Watch CBS News President-elect Donald Trump returned to his hometown of New York City on Thursday to ring the opening bell at the New York Stock Exchange. Wall Street investors seem to have embraced the incoming administration as all three major indexes have hit…
President-elect Donald Trump has promised to impose 10% tariffs on all imports from China as soon as he takes office next month. But that might be difficult to achieve fully because tens of billions of dollars worth of goods will probably escape those import taxes due to loopholes and undercounting of how much is actually…
China is cutting taxes for home purchases, as the government tries to put a floor under falling prices and sustain an improvement in housing transactions. The nation cut home purchase deed taxes to 1% for first- and second-house buyers of flats of 140 square meters and below, from a current level of as much as…
Hong Kong — President-elect Donald Trump has threatened to slap up a tariff of up to 60% on all goods imported to the U.S. from China. While that may sound like a potent economic threat to a country where economic growth is already faltering, could it actually be just what China needs? “I do expect…
China is planning to cut taxes for home purchases as the government dials up fiscal support to revive a moribund housing market, according to people familiar with the matter. Regulators are working on a proposal that would allow mega cities including Shanghai and Beijing to cut the deed tax for buyers to as low as…
Asian stocks may struggle in early trading after Chinese economic measures underwhelmed and the release of anemic inflation data over the weekend. Bitcoin topped $81,000 after President-elect Donald Trump took a clean sweep of the seven US battleground states. Australian shares fell while futures in Tokyo and Hong Kong signal losses after China’s 10 trillion…
Trading of currency options swelled to a record after Donald Trump’s victory in the US presidential election, as traders rushed to bet on further dollar gains. Over $160 billion worth of contracts exchanged hands on Wednesday, the highest daily volume in data going back to 2013, according to the Depository Trust & Clearing Corporation. Source…
Berkshire Hathaway’s cash reserves are at an all-time high of $325.2 billion as Warren Buffett quickly exits what has been one of his most profitable trades of the past decade. The Oracle of Omaha and his conglomerate holding company Berkshire started to offload shares of Apple late last year, paring down a major bet on…
If Donald Trump wins next week’s election and returns to the Oval Office in January, it will have direct consequences for U.S. business and the economy—and by extension for individual Americans’ stock portfolio. This means it’s a good time for investors to assess their holdings and to consider what sectors might thrive or suffer under…
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…