Business News
SINGAPORE (Reuters) – U.S. President-elect Donald Trump said on Monday that on his first day in office he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China. The announcement sparked a dollar rally. It rose 1% against the Canadian dollar and 2% against … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has said he intends to levy tariffs of 25 per cent on all US imports from Canada and Mexico, and an extra 10 per cent tariff on Chinese goods, in retaliation … Read more
Tesla Inc.’s electric vehicles would be shut out from consumer rebates under a proposal by California Gov. Gavin Newsom, pitting the prospective Democratic presidential hopeful against Republican power player Elon Musk. Newsom on Monday unveiled plans to offer rebates to EV buyers if U.S. President-elect Donald Trump repeals a federal subsidy. A program California phased … Read more
Wedding season seems to be in full swing across India and its neighboring countries, with unique traditions and gestures grabbing attention. After a video of a groom in Uttar Pradesh flaunting a cash garland went viral, a similar yet more extravagant instance from Pakistan has surfaced. A groom in Bhakkar, Punjab, was seen wearing a … Read more
Shares of Super Micro Computer (NASDAQ: SMCI), the once high-flying artificial intelligence (AI) server stock, were back on the move again today. After plunging over a period of several weeks over concerns that began with a short-seller attack and a delay in its 10-K filing, the stock has rebounded sharply since Nov. 15 as the … Read more
Nov. 25, 2024 6:45 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMOKE, LNG, UCO, COP, DVN, EOG, DBO, UNG, FCG, USL, SCO, UNL, BNO, TRGP, BOIL, KOLD, FANG, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA News Editor SlavkoSereda/iStock via Getty Images Crude oil futures fell sharply Monday, as the growing likelihood of a … Read more
‘The Bottom Line’ panelists weigh in as some companies look to distance themselves from politics. FIRST ON FOX: Walmart is making a slate of changes to its diversity, equity and inclusion (DEI) policies, becoming the latest in a growing list of major corporations to halt the so-called “woke” initiatives. Anti-woke activist and filmmaker Robby Starbuck, … Read more
WASHINGTON (Reuters) – A U.S. federal appeals court is expected to rule by Dec. 6 whether to uphold a law requiring Chinese-based ByteDance to divest its popular short video app TikTok in the U.S. by early next year or face a ban. President-elect Donald Trump has said he will not allow TikTok, which is used … Read more
Wall Street’s main indices edged higher, but small-cap stocks proved the highlight as they chalked up their first record intraday high in three years. The Russell 2000 gained as much as 2.5 per cent during Monday morning trading, to surpass its previous intraday peak from November 2021. However, the small-cap-focused index ultimately finished 1.5 per … Read more
The controversial China-born crypto entrepreneur Justin Sun has invested $30 million in President-elect Donald Trump’s World Liberty Financial, making him the largest investor in the decentralized finance project. “The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump!,” Sun, the founder of the cryptocurrency firm Tron, announced in a post on X Monday. “TRON … Read more