EU signals desperation to avoid trade war with Trump, desire to buy American gas
President-elect Donald Trump is still months away from taking office, but the European Union already appears eager to strike a deal with him. Ursula von der Leyen, President of the European Commission, dealt with European Council members in Budapest, Hungary, on Friday said they want to avoid a trade war with the United States and […]
Financial trade group calls on SEC chief Gensler to 'immediately' step down
The American Securities Association (ASA), a financial industry group, has called on Securities and Exchange Commission (SEC) Chairman Gary Gensler to resign immediately following former President Donald Trump's re-election. “Last night, the people voted to move this country in a new direction, and Chairman Gensler should respect that vote and resign immediately,” ASA President and […]
How Warren Buffett bet against the ‘Trump trade’ — and lost
Donald Trump and many of his supporters did pretty well in the stock market after he took back the White House. Warren Buffett, apparently, not so much. This has led to the post-election market frenzy, notable winners (among them Trump himself), and, if trading desk chatter is to be believed, the so-called Trump race that […]
Gold (XAU) Daily Forecast: U.S.-China Trade Tensions Add Pressure to Gold Outlook – FX Empire
The recent decision by the US Federal Reserve to cut interest rates by 25 basis points, with a target range of 4.50%-4.75%, has further impacted gold's safe-haven status. Fed Chairman Jerome Powell's comments also suggested further rate cuts are on the horizon to counter economic pressures, potentially pushing up the dollar and impacting gold demand. […]
Trump tariffs could send US toy prices soaring more than 50%: trade group
If President-elect Donald Trump changes policy, toy makers could be forced to significantly raise prices by up to 56%. Price proposal Regulations on foreign-made products are report From the National Retail Federation. A $50 tricycle can now cost up to $78, according to a report released this week by a U.S. industry group. Under the […]
Xi Jinping warns Trump US would ‘lose from confrontation’ with China as renewed trade war looms
President Xi Jinping congratulated President-elect Trump on his election victory and warned that the United States would “gain from cooperation and lose from confrontation” with China. The message comes as the Chinese Communist Party (CCP) must brace for further escalation as President Trump promises to revive the trade wars of his predecessor's era with blanket […]
Astros may place star pitcher Ryan Pressly on trade block
Houston has too many relief pitchers. The Astros are considering trading away former closing star and two-time All-Star Ryan Pressley. The Athletic It was reported on Wednesday. Houston Astros relief pitcher Ryan Pressley (55) takes the mound in the eighth inning of the game against the Kansas City Royals at Minute Maid Park. Thomas Shea-USA […]
Isaiah George is new key to Lou Lamoriello’s best Islanders trade
Two years on, the facts have changed, but the draft floor trade that brought Alexander Romanov and a fourth-round pick to the Islanders in exchange for the team's 2022 first-rounder only appears to have been a success. In what appears to be perhaps one of the single best moves, Lou Lamoriello became general manager. Remember, […]
Why Jerry Jones made curious NFL trade deadline move
Jerry Jones looked to the Cowboys' past when making decisions about the team's future. Star linebacker Micah Parsons became a buyer rather than a seller at Tuesday's trade deadline when the 3-5 Cowboys acquired Panthers wide receiver Jonathan Mingo for a 2025 fourth-round pick. The 82-year-old owner detailed his rationale. . “He was like, 'I've […]
Australian Dollar retraces recent losses as China’s Trade Surplus widens in October – FXStreet
The Australian dollar strengthens as China's trade surplus widens in October due to better-than-expected exports. Australia's trade surplus in September fell to 4.609 billion, compared to the expected 5.3 billion. The US Federal Reserve is widely expected to cut its benchmark interest rate by 25 basis points on Thursday. The Australian dollar (AUD) rose following […]