Tesla (TSLA) Devotees Go All In Driving $300 Billion Rally on Trump Win (11.11.2024)
Tesla Inc. fans have been reinvigorated by Donald Trump’s presidential triumph. The stock’s climb has been seemingly unstoppable as investors pile into the shares, confident that a second Trump term will bring windfalls to the Elon Musk-led electric vehicle maker.
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.
Bitcoin (BTC) Record Lifts Crypto Market Value Past Pandemic-Era Peak (12.11.2024)
Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.
Germany's Capital Exodus Is at the Heart of Coalition Collapse (07.11.2024)
Chancellor Olaf Scholz’s fractious coalition struggled to stem a massive capital drain, which threatens to accelerate after Donald Trump’s re-election.
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.
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.
CNY/USD: China Sets Yuan Fix at Weakest Since 2023 (07.11.2024)
China slashed the daily reference rate for its currency to a level unseen since late 2023, a sign the central bank is allowing depreciation under the threat of trade tensions with the US under a Donald Trump presidency.
China’s Credit Growth Disappoints as Lending Lags Bond Sales (11.11.2024)
China’s credit expansion slowed more than expected in October, as a surge in government bond sales far exceeded growth in lending during a traditionally slow month for financing activity.
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.
Sorge vor Kehrtwende: COP29-Auftakt im Schatten von Trump-Sieg (11.11.2024)
Die am Montag gestartete 29. UNO-Weltklimakonferenz (COP29) steht im Schatten des Wahlsieges von Donald Trump. Der designierte US-Präsident hatte bereits zuvor angekündigt, eine Kehrtwende beim Klimaschutz einleiten zu wollen. Viele Staaten zeigten sich deshalb in vorangegangenen Verhandlungen abwartend. Der aktuelle US-Klimachef John Podesta stellte in Aussicht, den Kampf gegen den Klimawandel dennoch fortsetzen zu wollen. Zugleich nahm er aber auch China stärker in die Pflicht.
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.
China Services Growth Picks Up More Than Expected After Stimulus (05.11.2024)
China’s service activity expanded at the fastest pace since July, a private survey showed, a sign that consumer demand may be on the mend after Beijing moved to shore up growth with a barrage of stimulus measures.
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.
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.
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.
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.