Trump 2.0 and its impact on 3Is: Interest rates, inflation & India
In its November 2024 policy meeting, Federal Reserve Chair Jerome Powell announced a 25 basis point (bps) cut in the federal funds rate, lowering it to a target range of 4.50% to 4.75%. This move followed a larger-than-anticipated 50 bps cut in September, marking a gradual pivot by the Fed amid a cooling US labour…
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Bitcoin sees profit booking after over 30% rally since Trump’s US election win
Bitcoin’s impressive rally, which saw a surge of nearly 30% following President-elect Donald Trump’s election victory, has paused as traders engage in profit booking. The cryptocurrency reached a record high of $89,906 on Tuesday but was trading 1.5% lower at $87,310 as of 10:28 AM IST. “This marks the first downturn since Trump’s recent victory,…
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Bitcoin nears $90,000 as speculation grows over Trump’s pro-crypto regulatory plans
Bitcoin soared to a new all-time high of $89,600, edging closer to the significant $90,000 mark, driven by speculation over potential pro-crypto regulatory shifts in the United States. The cryptocurrency experienced a 9% jump in the last 24 hours, buoyed by optimism following Donald Trump’s presidential election victory and expectations of a crypto-friendly administration. Reports…
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The return of Trump implies the return of volatility for stock markets
Donald Trump has been elected as the 47th president of the US. Republicans have control of the Senate too. If the Republicans also manage to get control of the House, it would strengthen Trump’s hand further. We will have to wait and see if that happens. Nevertheless, given that Trump has been elected president, it…
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Don’s return brings cheer to IT, but euphoria may be short-lived
Shares of information technology (IT) companies jumped on Wednesday in a relief rally fuelled by the election of Donald Trump as the next US President. Analysts said the run-up in share prices was driven by expectations that Trump would implement pro-business policies that could boost IT spending. But the sector also faces the risk of…
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Trump’s media stock Truth Social is set for even wilder ride after the election
The stock price of former President Donald Trump’s social media company has swung up and down over the past few weeks, but it may be in for an even wilder ride. No stock is more directly linked to Tuesday’s election than Trump Media & Technology Group, the parent company of Truth Social. And the outcome…
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What’s at stake for China’s markets at the US election
China’s currency and equities will bear the brunt of a protectionist shift in the U.S. and are seen trading sensitively to the election’s trade and foreign policy implications. Investors say a win for Donald Trump, particularly if accompanied by a Republican sweep of Congress, is expected to squeeze the yuan and shares in export sectors….
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Trump, Harris angle to gain political edge from Fed rate cut
The Federal Reserve’s move to slash interest rates reverberated across the 2024 presidential race as Democrat Kamala Harris hailed the move as a boon for middle class families while Republican Donald Trump suggested the cut may have been politically motivated. The heated rhetoric over the Fed’s decision to lower its benchmark interest rate by a…
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Wall Street indexes bounce back as investors await inflation data, Fed rate cuts
Wall Street’s three major indexes gained more than 1% on Monday as investors looked for bargains after the previous week’s sell-off while they also waited for inflation reports in coming days and the Federal Reserve’s next policy decision next week. Investors had fled from equities last week when Friday’s weaker-than-expected August jobs data followed weak…
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