Here’s who Trump may tap to drive his economic agenda
Trump’s transition work was formally launched in August, with Howard Lutnick, CEO of Cantor Fitzgerald LP, and Linda McMahon, co-founder of World Wrestling Entertainment, serving as co-chairs.
Under Trump 2.0, possible corporate tax cuts could boost IT demand
President-elect Trump’s idea of lowering corporate tax to 15% for specific companies could spur additional capital for investing in technology.
Trump's election win wreaks havoc on global rate-cut expectations
Trump has promised levies on US imports that would upend global trade, tax cuts that would further stretch the federal budget and deportations that could shrink the pool of cheap labor
IT, pharma can gain from Trump presidency despite higher trade barriers
Vendor diversification and higher duties on China can benefit CDMO and chemical companies. Though renewable energy adoption can see lesser policy support
Facing tariff threat, Europe eyes options to appease Trump
Trump warned shortly before his U.S. presidential victory that the 27-nation bloc will have to "pay a big price" for not buying enough American exports
US closing bell: S&P 500 up 2.5%, Nasdaq jumps 3%, Dow soars 1,500 pts after Trump win; Russel 2000 up 5.9%
US Stock Market LIVE Updates: The S&P 500 surged 2.5%, marking its best post-Election Day in history, according to Birinyi Associates and Bloomberg. Small-cap stocks rallied 5.8%, benefiting from Trump’s protectionist stance, while banks gained on expectations of lower taxes and lighter regulations. Medicare-focused insurers also jumped on anticipation of higher government payments.
Will work closely with new US administration on areas such as AI, cybersecurity: Nasscom
The tech industry body said it is committed to advancing the India-US collaboration for a democratic, inclusive, and sustainable innovation ecosystem.
2024 US Election Results: Hey stupid, it wasn't just the economy. It was inflation
Choice of the American voters for the next president appeared resoundingly clear: Republican Donald Trump.
Trump’s return: IT companies might have to face tougher H-1B visa rules
Whether or not H1-B visa rules will be eased or tightened is a matter of time, but analysts are deeply divided on what Trump’s presidency might mean for Indian IT.
US Closing Bell : S&P500 closes 1.2% higher, Nasdaq 100 up 1.3%, Dow Jones up 1%; Tesla, Nvidia lead gains
US Stock Market LIVE Updates: Stocks rose as the U.S. presidential election kicked off, setting the stage for potential shifts in economic policy. Leading the advance, major technology companies pushed the S&P 500 up by 1.2%, while the “Magnificent Seven” megacaps climbed 1.8%. Palantir Technologies Inc. spiked after reporting strong demand for its AI solutions, adding fuel to the market’s gains.
Trump vs Harris: Where they stand on H1B visas and immigration
Prima facie, it may seem that Donald Trump supports changes while Kamala Harris opposes them, but there’s more to the story than meets the eye.
Southwest Airlines names aviation veteran Rakesh Gangwal as board chairperson
Last month, Southwest settled its boardroom feud with Elliott in a deal that allowed CEO Bob Jordan to retain his job by making bigger board-level concessions
Stocks stumble, dollar and gold rise as traders weigh US rates, election
The shifting expectations around how fast and deep the Federal Reserve will cut rates have also hurt risk sentiment, with traders now anticipating the U.S. central bank to be measured in its easing.
US stocks tread water with earnings season underway
The Dow Jones Industrial Average was up 0.1 percent at 42,773.12 around 10 minutes into trading.
World shares stuck, oil tumbles as China stimulus plan too vague for investors
U.S. stock index futures were mixed ahead of a week packed with third-quarter earnings that include the likes of Goldman Sachs, Morgan Stanley and Netflix.
BlackRock hits record high $11.5 trillion in assets on market rally, ETF boost
Assets managed by BlackRock shot up to $11.48 trillion in the third quarter, up from $9.10 trillion a year earlier and $10.65 trillion in the second quarter
Japan leads Asia stock rally, dollar gains after blowout US payrolls
Japan's Nikkei led regional equity gains with a 2% rally as of 0015 GMT, given additional momentum by the softer yen
China’s sudden stock rally sucks money from rest of Asia
A wave of money which earlier left Chinese equities in favor of stocks from Japan and Southeast Asia is poised to reverse course after Beijing’s latest stimulus blitz, according to market watchers
Tech market values jump in September on Fed rate cuts, AI optimism
Tesla's market value surged 22.2% last month to $834.4 billion by end-September, driven by record electric vehicle sales in China in August and its plans to introduce its Full Self-Driving (FSD) advanced driver assistance software in China and Europe.
Oil extends surge as Israel vows retaliation after Iran strike
Global benchmark Brent climbed above $74 a barrel, after briefly spiking more than 5% on Tuesday following the Iranian assault, which was preceded by a warning from the US.
Stocks in ‘Wait and See Mode’ on Mideast Strife
Haven assets were bid up with bonds, oil, gold and the US dollar all advancing after Iran fired a barrage of missiles at Israel following an advance of armed forces into Lebanon.
Oil soars after Iran launches rockets at Israel in direct attack
Global benchmark Brent climbed near $75 a barrel, while West Texas Intermediate rose more than 5% to top $71 a barrel, reversing earlier losses
Business news Highlights: MCA observes robust Director KYC filing during FY 2024-25
Business news Highlights: During April 1 2024 to September 30 2024, 22.98 lakh DIR-3 KYC forms have been filed compared to 20.54 lakh forms filed during the same period a year ago.
Fed sees no 'hurry' to cut rates as confidence in economy grows, Powell says
"This is not a committee that feels like it is in a hurry to cut rates quickly," Powell told a National Association for Business Economics conference
Oil steadies as Middle East tensions vie with Libyan supply outlook
Brent for December traded near $72 a barrel after it ended Monday modestly higher, with West Texas Intermediate above $68.
