Amid Donald Trump’s chaotic, last-minute intervention into congressional negotiations about government funding, he has stumbled upon a good idea: He wants to abolish the debt ceiling. The debt ceiling, once a barely relevant bit of legal arcana, has become a dangerous weapon in American politics. It is currently due to expire in March, and the…
The Federal Reserve cut its benchmark interest rate to between 4.25% and 4.5% on Wednesday. The central bank also projected two cuts next year instead of four, sending stocks tumbling. Here’s how analysts, economists, and other experts reacted to the Fed decision and market reaction. The Federal Reserve cut its benchmark interest rate on Wednesday…
To get John Authers’ newsletter delivered directly to your inbox, sign up here. One thing we’ve known about Donald Trump since he entered politics: He really likes tariffs. For him, trade is a zero-sum game, and the US should use tariffs to make sure it gets its fair share. Source link
To get John Authers’ newsletter delivered directly to your inbox, sign up here. Points of Return has dwelt on so many geopolitical risks this year. Somehow the conflicts in neither Gaza nor Ukraine have upset oil markets, or averted the ongoing freight train that is the US stock market. Incumbent governments have been booted out…
A big theme in finance over the past two decades has been a shift in power away from investment banks that traditionally dominated the industry to the asset management firms that orbit it. Now, that’s reflected in the seat of government, too. By picking Scott Bessent as Treasury secretary, Donald Trump has chosen a Wall…
The Military Industrial Complex, as represented by incumbent president Joe Biden, “seems to want to make sure they get World War 3 going before my father has a chance to create peace and save lives.” So tweeted Donald Trump Jr., son of the eponymous president-elect. Other Trumpies weighed in too: “No one anticipated that Joe…
Vietnam has positioned itself in recent years as an attractive destination for Big Tech companies looking to move away from China. But Hanoi’s policies regarding social media have increasingly been following Beijing’s lead. The Southeast Asian nation is now ramping up already tight controls over online platforms with new rules that will require companies to…
UK Prime Minister Keir Starmer says Hong Kong businessman Jimmy Lai’s release from prison is a priority for his government. He backed up that stance by raising the matter with Chinese President Xi Jinping in Rio de Janeiro on Monday. US President-elect Donald Trump, meanwhile, has pledged “100%” to secure the freedom of the pro-democracy…
The US presidential election may be over, but the battle with China for high-tech supremacy is just heating up. And if past is prologue, President-elect Donald Trump will only strengthen Beijing’s push for self-sufficiency. Trump’s looming second trade war could also have major consequences for US technology companies with exposure to China, though these likely…
President-elect Donald Trump is moving aggressively on mass deportation, installing two of the most strident anti-immigrant voices in his circle in key positions. Their selection sets the stage for the administration to take the hardest possible line on Trump’s signature issue: vastly reducing the number of immigrants in this country. What’s coming will be ugly….