DONALD TRUMP APPROVAL RATING
Will Walmart shoppers face higher prices if Trump's proposed tariffs are implemented?
Walmart has expressed concerns about the potential economic consequences of the tariffs proposed by President-elect Donald Trump.
Dollar hugs 13-month peak as market awaits next Fed cue
The U.S. dollar hovered near a 13-month high as investors weighed the Federal Reserve's interest rate trajectory. The euro faltered due to European uncertainty, while bitcoin approached the $100,000 threshold. Meanwhile, Japan's yen strengthened as core inflation stayed above the Bank of Japan's target, signaling potential interest rate increases.
Donald Trump's approval rating soars, now 20 points higher than when he left the White House
Donald Trump is back in the spotlight with an approval rating soaring to 54%¡ªa dramatic jump from the 29% he held upon leaving office in 2021. As he prepares to return to the White House in 2025, Trump¡¯s unconventional cabinet picks are turning heads and stirring debate.
European shares edge lower, tech stocks drag after Nvidia's disappointing forecast
The pan-European STOXX 600 index edged down 0.1%, as of 0820 GMT, on track for its fifth straight session of declines amid uncertainties around the escalating Ukraine-Russia conflict and the likely domestic impacts of Donald Trump's U.S. Presidential victory.
Fed governors stake out competing views of inflation risk
Federal Reserve Governors Michelle Bowman and Lisa Cook expressed differing views on future monetary policy. While Bowman urged caution due to persistent inflation, Cook expressed confidence in continued easing of price pressures. Their perspectives highlight the factors influencing the Fed's decision on a potential interest rate cut at its December meeting.
Dollar pulls ahead as markets focus on Trump policies, Fed outlook
The U.S. dollar strengthened as traders awaited clarity on President-elect Trump's policies and the Federal Reserve's interest rate plans. The dollar's rise was fueled by speculation that Trump's policies could boost inflation. Meanwhile, the euro weakened amid concerns about potential trade tariffs and the Russia-Ukraine conflict.
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Nomura expects Fed to pause rate-cut cycle in December
Nomura, a global brokerage firm, has made a significant prediction that the U.S. Federal Reserve will likely halt its interest rate cuts, marking a potential end to the current rate-cutting cycle. This shift comes in the wake of Donald Trump's election victory and expectations of increased inflation due to his proposed economic policies.
Dollar sitting pretty, yen bears wary of BOJ hawks
The dollar's value surged due to high U.S. Treasury yields and expectations of fewer interest rate cuts, making it more appealing to investors. However, concerns about potential intervention by Japanese authorities to support the weakening yen caused the dollar to retreat against it.
Asian stocks weaken as Fed policy doubts simmer
Japanese and Australian shares fell. South Korea¡¯s benchmark bucked the trend, led by Samsung Electronics Co.¡¯s rally after it announced a stock buyback plan. US futures gained, after the S&P 500 slid 1.3% on Friday to erase more than half of its gains following the US election.
Short-term selling in India presents buy opportunities: Stefan Hofer
With Donald Trump coming in, I cannot overemphasise how much change is going to happen. Republicans retain their hold of the House, clinching full control of Congress.
Will Donald Trump sack Fed Chair Jerome Powell before his term ends? Elon Musk and allies of the President-elect are backing the idea
In a recent development it has been known that Tesla CEO Elon Musk has eventually placed a controversial opinion to US President- elect Donald Trump due to which current Fed Chair Jerome Powell might get sacked before his term ends and the Wall Street is not really happy regarding the idea.
Bitcoin speculative fervor cools, traders await Trump's next steps
Bitcoin¡¯s speculative surge post-Trump¡¯s election win is easing. The cryptocurrency dipped below $87,000 after Fed Chair Powell downplayed urgent rate cuts, rebounding to $90,265. CME Bitcoin futures premiums narrowed, signaling reduced risk appetite. Bearish $80,000 options saw rising interest, reflecting cooling markets, per K33 Research¡¯s Vetle Lunde.
European shares end lower on US Fed rate, Trump jitters
European shares fell on Friday, dragged down by disappointing earnings, concerns about the impact of U.S. President-elect Donald Trump's policies, and a jump in Treasury yields. Investors were also concerned about U.S.-China relations and the impact of Trump's pick to lead the Department of Health and Human Services.
US stocks sink on Powell rate-cut caution, Trump cabinet picks
Wall Street's major indexes experienced their most significant single-day decline in two weeks, driven by concerns over a potential slowdown in interest rate cuts and reactions to President-elect Donald Trump's cabinet appointments.
Wall St Week Ahead-Nvidia results in focus as stock market's election boost stalls
Nvidia's upcoming earnings report is poised to significantly influence the U.S. stock market, as investors seek direction following the recent election rally. The company's dominant position in AI and strong projected growth are expected to impact tech stocks and overall market sentiment.
Trump names Gaetz and RFK Jr. as Cabinet Nominees ¨C Can he appoint them and will the Senate approve?
Donald Trump gears up for his second term, the challenge of quickly confirming his Cabinet nominees becomes a key issue. He has selected former Rep. Matt Gaetz of Florida for Attorney General and Robert F. Kennedy Jr. for Secretary of Health and Human Services.
Trump 2.0 and its impact on 3Is: Interest rates, inflation & India
The Fed¡¯s 25 bps rate cut, coupled with Trump¡¯s election victory, signals potential economic volatility, impacting global markets, including India, which may face weaker currency and capital outflows.
Bitcoin soars to record $93,400 on Trump euphoria and Fed rate cut bets
The rally was driven by data showing U.S. consumer inflation increased to 2.6% in October, up from 2.4% in September, meeting market expectations. This supports the likelihood of a potential 25-basis-point rate cut next month, with market odds rising from 59% to 83%.
Bitcoin briefly tops $93,000 on Trump agenda, Fed policy outlook
Bitcoin reached a new high, driven by expectations of interest rate cuts and pro-crypto policies from President-elect Trump. The cryptocurrency market experienced volatility as investors assessed the sustainability of the rally. Trump's support for crypto, including potential regulatory changes and a strategic Bitcoin reserve, fueled market speculation. However, the feasibility and timeline of these plans remained uncertain.
US consumer inflation picks up to 2.6% in October
U.S. consumer prices rose by 0.2% in October, marking the fourth consecutive month of increase at this rate. This trend signals a slowdown in the progress against inflation, potentially impacting the Federal Reserve's interest rate decisions in the coming year.
Biden is the fall guy? Democrat donors say the President's stupidity and selfishness sank Kamala Harris in US elections
Most of the blame surrounding Kamala Harris' humiliating loss in the US elections 2024 is being pinned on current President Joe Biden, with Harris' own campaign aides claiming that he is the 'only reason for the huge loss' against Donald Trump.
Donald Trump's win to cause market volatility, but RBI's key official is hopeful
Donald Trump's election as US President will cause short-term volatility in financial markets, RBI Deputy Governor T Rabi Sankar said. However, India is well-positioned to handle this volatility, he added. Significant funds are expected to flow into India due to its inclusion in global index funds.
Smooth ride for Trump? Both Senate and Congressional majority would mean easy policy approvals and Cabinet appointees
Following the result of the US Presidential election 2024, US President-elect Donald Trump might have a pretty smooth ride in the upcoming years as the Republican Party is gaining both Senate and Congressional majority which eventually mean that it would help him in easy policy approvals and cabinet appointees.
Donald Trump's victory to impact US Fed interest rate cut? How much is expected?
Donald Trump has won US election 2024 by defeating Kamala Harris. At the same time, the US Federal Reserve policy meeting is going on Thursday.
Bank of England cuts rates to 4.75% but sees higher inflation after Reeves' budget
The Bank of England has reduced interest rates to 4.75%, marking its second cut since 2020. The decision was influenced by the recent government budget, which is projected to stimulate economic growth while potentially increasing inflation. The Bank anticipates further gradual interest rate reductions in the future.
'Say goodbye to rate cuts if...': Trump's tariffs are Fed's fears
President-elect Donald Trump's proposed tariffs have raised concerns about their potential impact on inflation and the Federal Reserve's ability to cut interest rates. Economists predict that the tariffs could lead to higher consumer prices, reduced consumer spending, and job losses. These factors may force the Fed to reconsider future rate cuts, despite cooling inflation.
Central banks revisit their rate-cut plans
Global central bankers are bracing for potential economic upheaval as Donald Trump's return to the US presidency threatens to ignite trade wars, exacerbate budget deficits, and disrupt labor markets. These policies could stifle global growth, fuel US inflation, and limit the ability of central banks worldwide to ease monetary policy.
US election results: Big boost for Donald Trump as last-minute exit poll shows worrying factors for Kamala Harris
The US election results this time, may see one of the most complex outcomes, as the last-minute exit poll data is now showing predictions that may land Democrats in a major spot of worry. Early exit polls from the US elections are an indicator as to which way things will go, and things at the moment, are not looking very good for Kamala Harris.
With one week until US elections, who is going to win the White House - Trump or Harris? Race is tight, here's the breakdown
The US election 2024 race between Kamala Harris and Donald Trump is currently a coin-flip scenario at this point, with just a few days remaining for the polling to begin. Here's what we know about each of the Presidential candidates' chances in the US elections.
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