BENGALURU/BEIJING: The United States could impose nearly 40% tariffs on imports from China early next year, a Reuters poll of economists showed, potentially slicing growth in the world’s second-biggest economy by up to 1 percentage point. The poll, the first on China’s economy by Reuters since Donald Trump‘s sweeping election victory on Nov. 5, also … Read more
On a Saturday morning in December 2022, Elon Musk summoned finance executives at Twitter, which he had bought six weeks earlier, to a conference call. Then he drilled into a spreadsheet that contained the social media company’s expenditures. Musk was angry, three people who were on the call said. Even though Twitter had just shed … Read more
Getty Images Kennedy (left) with Trump at an election rally in Arizona this summer Donald Trump has picked vaccine sceptic and former independent presidential candidate Robert F Kennedy Jr as his health secretary, as the president-elect continues to build his new administration. Kennedy, commonly known by his initials RFK Jr, has a history of spreading … Read more
Federal Reserve Chair Jerome Powell on Thursday declined to say whether he would remain at the U.S. central bank as a board member after his term as chief expires in May 2026. Powell, asked at an event in Dallas whether he would consider being the first Fed chair in more than seven decades to remain … Read more
Bitcoin is closing in on $80,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. The cryptocurrency climbed as much as 4.3% to an unprecedented $79,771 on Sunday and remained near $79,000 as of 2:05 p.m. in Singapore. Smaller tokens like Cardano … Read more
Washington: Donald Trump was elected the 47th president of the United States on Wednesday, an extraordinary comeback for a former president who refused to accept defeat four years ago, sparked a violent insurrection at the US Capitol, was convicted of felony charges and survived two assassination attempts.Republicans reclaimed control of the Senate-crucial in helping Trump … Read more
“If there is a sweep of any kind, then of course, you will get a result fifth night itself, otherwise it may take sixth or even seventh. So, perhaps I will be there in time for the actual result in the USA,” says Swaminathan Aiyar, Consulting Editor, ET Now. Are you in India? That is … Read more
For all the bold talk of tariffs and price controls, the economic legacy of the next president will mostly depend on something far more mundane: the tax code — specifically, the 2017 Tax Cut and Jobs Act, much of which will expire next year. Whoever is in the White House, working with whichever party controls … Read more
Both Donald Trump and Kamala Harris’s teams are quietly preparing their governments-in-waiting, even as the two nominees remain focused on actually winning the presidency in the final days of an incredibly close election on Tuesday. Not surprisingly, their approaches are as different as their campaigns. Already Harris’s lean transition team has set up shop in … Read more
Two weeks after making a stunning $44 billion bid to buy Twitter in April 2022, Elon Musk began to lay out a vision for his ownership of the social network. The company’s management had become biased in favour of left-wing values, Musk argued, and he would stamp out political partisanship. “For Twitter to deserve public … Read more