MicroStrategy Buys $2.03 Billion of Bitcoin (BTC, MSTR) (11.11.2024)
MicroStrategy Inc. purchased about 27,200 Bitcoin for around $2.03 billion, in one of the largest acquisitions of the digital asset by the crypto hedge-fund proxy.
China Electric Vehicle Tariffs: EU Sees Little Chance of Quick Deal (11.11.2024)
The European Union sees very limited progress in negotiations with China aimed at finding an alternative to tariffs on electric vehicles and the bloc currently sees little prospect of a quick deal, according to people familiar with the matter.
Fed’s Kashkari Says Economy Strong, But Inflation Not Vanquished (11.11.2024)
Federal Reserve Bank of Minneapolis President Neel Kashkari said the US economy has remained remarkably strong as the central bank progressed in beating back inflation, but the Fed was still “not all the way home.”
China Nears Record $1 Trillion Trade Surplus as Trump Returns (11.11.2024)
China’s trade surplus is on track to hit a fresh record this year, increasingly leaving it on a collision course with some of the world’s biggest economies by aggravating an imbalance in global commerce that risks provoking President-elect Donald Trump.
China consumer prices rise at slowest pace in 4 months, despite stimulus (11.11.2024)
China's consumer prices rose at the slowest pace in four months in October while producer price deflation deepened, data showed on Saturday, even as Beijing doubled down on stimulus to support the sputtering economy.
Chinese Stocks in Hong Kong Fall as Fiscal Plan Fails to Impress (11.11.2024)
Chinese stocks in Hong Kong declined after a high-profile legislative meeting let down some investors who had been hoping for large-scale stimulus to revive domestic demand and combat deflation.
Trump Is Likely to Exempt Canadian Energy From Tariffs, Wilbur Ross Says (10.11.2024)
President-Elect Donald Trump will follow through on his plans to hit imports with tariffs but is likely to carve out exemptions for sectors such as Canadian oil and gas, former US Commerce Secretary Wilbur Ross said.
ECB’s Holzmann Says December Rate Cut Possible, Kleine Reports (10.11.2024)
European Central Bank Governing Council member Robert Holzmann said a December interest-rate cut is a possibility but by no means guaranteed, according to an interview with Kleine Zeitung published on Sunday.
US Inflation Progress Gets Harder Entering the Final Mile (09.11.2024)
US inflation probably moved sideways at best in October, highlighting the uneven path of easing price pressures in the home stretch toward the Federal Reserve’s target.
Fed’s Kashkari Says Stronger Economy Could Mean Fewer Rate Cuts (09.11.2024)
Federal Reserve Bank of Minneapolis President Neel Kashkari said a strong economy and higher productivity growth may drive the US central bank to cut interest rates less than previously expected.
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How Trump Could Put His Campaign Promises on Tariffs Into Action (08.11.2024)
President-elect Donald Trump has vowed to impose massive new tariffs upon entering office on Jan. 20, calling them “the greatest thing ever invented.” And unlike some of his other campaign promises, he’s been consistent, repeatedly suggesting he’ll impose a 10% to 20% tariff on all foreign goods and a tariff of 60% or higher on products coming from China.
Taiwan coast guard to harness 'people power' to report Chinese activity (08.11.2024)
Taiwan's coast guard said on Friday it would offer rewards worth thousands of dollars for spotting Chinese activity at sea, including warships or submarines, saying it was harnessing "people power" to boost its own limited workforce.
Elon Musk Net Worth Tops $300 Billion in Wake of Trump Election Win (08.11.2024)
Elon Musk’s net worth has surpassed $300 billion for the first time in almost three years, as shares of Tesla Inc. soar on bets that his close ties with President-elect Donald Trump will bolster the company.
USA – China: Ungewisse Zukunft nach Trump-Sieg (08.11.2024)
Auf den Sieg von Donald Trump bei der US-Präsidentschaftswahl hat China vorerst zurückhaltend reagiert. Einem knapp formulierten Glückwunsch folgten unmittelbar Appelle und Warnungen. Die Handelsbeziehungen zwischen den Großmächten sind angespannt, die Zukunft ungewiss. Die Folgen für den Rest der Welt ebenso.