The merger of social media platform X with Musk’s artificial intelligence start-up xAI will allow him,his co-investors and X’s banks to exit the struggling business unscathed.
Trump sees the sale of CK Hutchison’s ports as a victory,China sees it as coercion. For the 96-year-old Hong Kong billionaire,it might just be a good opportunity.
The American people are losing confidence in Donald Trump,sending shockwaves through Wall Street. And that’s before “Liberation Day”.
The US president’s policies have rattled economies and markets around the world. What isn’t as clear is what America will look like as they take hold.
Australia is getting a big windfall,and it has Donald Trump to thank for it.
The sell-off on Wall Street is accelerating as fears of stagflation and recession rise. It’s not helping that no one,including Donald Trump,seems to know what his tariff regime will ultimately look like.
The president’s policies and his decision to force Ukraine into a peace deal with Russia have prompted Europe to take steps that were unimaginable before he regained the White House.
This week,OPEC+ did what Donald Trump has demanded and announced it would start increasing production,pushing oil prices down to three-year lows. Trump may get more than he bargained for.
Investors are confused whether the market sell-down in response to Donald Trump’s punitive trade policies will prompt him to limit them after all,after his Commerce secretary flagged a potential tariff compromise.
Does the US need Donald Trump’s planned national strategic reserve of crypto assets? Absolutely not.