Trump added that he didn’t think Powell, who he has sparred with in the past over interest rate levels, would go quietly
Donald Trump
China
Analysis: Gulf nations poised as ‘safe zones’ amid Trump 2.0 trade reset, but gains may be limited – experts
Gulf nations’ strategic importance is likely to grow as global trade patterns shift, experts say
crypto
Trump appoints ex PayPal COO David Sacks as AI and crypto czar
The move is seen as another step towards overhauling US policy
China
If Mexico won’t fix cartels, ‘Trump will’: Former trade advisor Bennett signals US intervention on fentanyl crisis
“Mexico has a problem in that a large portion of the country remains lawless, controlled by the cartels, and that’s got to be fixed,” Bennett says
China
China ‘miscalculated’ by becoming US trade competitor, says ex-Trump advisor
Barry Bennett’s comments come a week after Trump announced plans to impose a 10% tariff on Chinese imports upon taking office on Jan. 20
Donald Trump
US dollar could face threat to global supremacy as digital currencies, stablecoins soar in popularity: Experts
Moves are, however, afoot in the US, with a bipartisan bill in the US Senate aiming to launch a regulatory initiative to counter non-dollar linked stablecoin issues and checkmate the threat to the greenback
Donald Trump
Donald Trump to block Nippon Steel’s takeover of US Steel
Nippon Steel hopes to close the deal before Trump retakes the White House on January 20, despite opposition from President Joe Biden and a powerful US labour union
Donald Trump
Donald Trump picks daughter’s father-in-law Massad Boulos as senior adviser on Middle East Affairs
Donald Trump, who has long installed family members and their relatives in key positions, is signalling that he will run his second administration the same way
China
Trump threatens China, Mexico tariffs in global trade shake-up
The president-elect’s proposed tarrifs on the U.S.’s largest trading partners could push its import duties to 1930s levels, triggering inflation and forcing a major reorganisation of global supply chains
Donald Trump
US Fed will make ‘quarter per quarter’ total cuts of 100bps in 2025: UBS
However, there is potential for President-elect Donald Trump’s policies to slow inflation reduction
Bitcoin
Bitcoin hits all-time high of $96,000 as Trump’s pro-crypto stance fuel market optimism
BTC price has more than doubled this year and is up about 40% in the two weeks since Trump was voted in as the next US president
Donald Trump
Elon Musk has more responsibility ‘than anyone on earth,’ ‘not driven by hidden agenda,’ father says
Errol Musk gave a colourful overview of his billionaire son’s role in US President Trump’s second term in the White House
Donald Trump
‘World will be a safer place’ with Trump and Musk in charge, claims Elon’s father
Errol Musk believes his son will have a pivotal role in ensuring global peace an stability
Donald Trump
Musk working for Trump government is a demotion, says Elon’s father
Errol Musk says despite it being a “fantastic” opportunity he sees the role as a demotion, that could take a toll on him
Cryptocurrency
Markets turn ‘wildly bullish’ as Trump election victory sparks rush to risk assets
Treasuries slump threatens market rally as banks, small-caps surge on tax cut hopes, while dollar strength hits emerging markets
Donald Trump
Donald Trump appoints Elon Musk, Vivek Ramaswamy to lead New Department of Government Efficiency
Musk and Ramaswamy will work closely with the White House and the Office of Management and Budget
Bitcoin
Bitcoin breaks records as Trump wins White House, nearing $90k as crypto market enters boom
With a market capitalisation of $1.75 trillion, the world’s biggest cryptocurrency has surpassed silver’s market value of $1.729 trillion