2024-12-17

German auto giants brace for Trump’s tariff threats

Republican Presidential candidate, former U.S. President Donald Trump speaks to attendees during a campaign rally at the Johnny Mercer Theatre on September 24, 2024 in Savannah, Georgia. Brandon Bell | Getty Images President-elect Donald Trump’s pledge to impose a blanket tariff on all goods coming into the U.S. could wreak havoc for European carmakers, with Germany’s crisis-stricken automotive sector…

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2024-12-17

SoftBank CEO and Trump announce $100 billion U.S. investment

SoftBank CEO Masayoshi Son announced a $100 billion investment in the U.S. over the next four years during a Monday visit to President-elect Donald Trump’s residence Mar-a-Lago in Palm Beach, Florida. The billionaire investor and founder of the Japanese tech-investing firm promised in the joint announcement with Trump to create 100,000 jobs at a minimum focused on artificial intelligence…

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2024-12-12

Fed Chair Jerome Powell can serve remainder of term, Scott Bessent says

Federal Reserve Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on Nov. 7, 2024. Kent Nishimura | Getty Images Federal Reserve Chair Jerome Powell can finish his first term leading the U.S. central bank, said Scott Bessent, a hedge fund magnate and President-elect Donald Trump’s pick for Treasury Secretary, despite…

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2024-12-06

MicroStrategy gives up big gain, turns negative despite bitcoin $100,000 milestone

CFOTO | Future Publishing | Getty Images Cryptocurrency-related stocks gave up big gains Thursday even after the price of bitcoin soared above $100,000 for the first time overnight. MicroStrategy dipped into negative territory to slip 4.8% after surging more than 7% earlier in the day. Riot Platforms and Mara Holdings fell around 5% and more than 4%, respectively. Meanwhile,…

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2024-12-06

Bitcoin falls below $100,000 after reaching the milestone level for the first time

The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening. By Thursday afternoon, the flagship cryptocurrency pulled back from the milestone. It was recently higher by 0.28% at $99,140.00, according to Coin Metrics, trading at the lows of Thursday’s trading following some profit taking by investors. On Wednesday night, it rose…

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