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President-elect Donald Trump claims he can split the alliance between Russia and China. "The one thing you never want to happen is you never want Russia and China uniting," Trump said. These are potentially all things that Trump could use to drive a wedge between Russia and China." The Trump effectAnother factor likely to draw Russia and China closer together is Trump himself. In East Asia, Trump has accused allies of freeloading off the US, a source of tension Beijing will likely seek to exploit.
Persons: Donald Trump, , Tucker Carlson, Trump, Biden, Vladimir Putin of, Xi, China's, Putin, Stefan Wolff, Carlson, Wolff, Paul Cormarie, Jonathan Ward, Vladimir Putin, they'd, Robert Dover, Zhiqun Zhu, Cormarie Organizations: Service, Trump, University of Birmingham, Pentagon, Trade, Anadolu, Getty, Central, RAND Corporation, BI, Hudson Institute, Kremlin Press, Anadolu Agency, International Security, Hull University, NATO, Bucknell University Locations: Russia, China, Ukraine, Glendale , Arizona, Vladimir Putin of Russia, Moscow, Beijing, Taiwan, Russian, Bering, European, East Asia
Apple will face hefty costs if Donald Trump sticks to his blanket tariffs pledge. CEO Tim Cook joined the chorus of tech leaders congratulating Trump on winning the 2024 presidential election with an X post on Wednesday. Related storiesIf China decides to retaliate against the Trump administration's proposed tariffs, it could also hurt Apple in the region. The tech company is currently facing a US antitrust lawsuit that accuses it of maintaining an illegal monopoly on smartphones. AdvertisementSince Trump has yet to take office, Chatterjee said the world will have to "wait and see" what policies become official.
Persons: Donald Trump, Trump, Jacob Channel, , Apple, Tim Cook, it's, Jacob, Dipanjan Chatterjee, Chatterjee Organizations: Apple, Service, Jacob Channel, Business, Trump, BI, Big Tech, Google Locations: China, India, Asia, Greater China
CNN —Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister. The coalition has been at loggerheads over how to revive Germany’s economy. What problems is Germany’s economy facing? Germany’s economy, Europe’s largest, shrank last year for the first time since the onset of the Covid-19 pandemic. Party leader Alice Weidel has already hailed the coalition’s collapse as a “liberation” for Germany.
Persons: Chancellor Olaf Scholz, Christian Lindner’s, Scholz, Donald Trump, Europe’s, Angela Merkel, Gerhard Schröder, Merkel, Christian Lindner, Christoph Soeder, Friedrich Merz, Lindner, Liesa Johannssen, “ Lindner, ” Lindner, , Carsten Brzeski, , Robert Habeck, Annegret Hilse, Merz, Alice Weidel, ” Weidel Organizations: CNN, Free Democrats Party, Scholz’s Social Democratic Party, SPD, Green Party, CDU, Trump, Social Democratic Party, Greens, ING, Volkswagen, CDU –, Christian Democratic Union, Party Locations: Germany, Germany’s, Nazi, Thuringia, France, Italy, Ukraine, China,
As well as drastically increasing the number of strikes, Russia has begun to fire decoy drones without warheads to overwhelm Ukraine’s air defenses. These cheaper drones confuse Ukraine’s air defenses, which may shoot down decoy drones instead of ones carrying a lethal warhead. Decoy drones now account for as many as half of all Russian drones fired at Ukraine, Ihnat said. In the capital, there has only been one night without a drone attack since September 1. I just hide, wait and hope that I will survive.”A car and house burn after they were damaged from a Russian drone strike in Kyiv on Thursday.
Persons: Volodomyr Zelensky, Yuriy Ihnat, Ihnat, Donald Trump’s, , Vadym, Valentyn Ogirenko, Serhiy Popko, ” Popko, Zelensky, , Kamala Harris, Trump, ” Zelensky, Vladimir Putin Organizations: Ukraine CNN —, CNN, Reuters, Republican, Russia, North Korean, Ukraine Locations: Kyiv, Ukraine, Ukraine CNN — Russia, Moscow, Russia, Iran, Russian, , United States, Russia’s Kursk, Ukraine’s, Pyongyang
Taking a quick jog or bike ride instead of sitting all day may reduce blood pressure, research suggests. Gentle exercise routines like walking and tai chi can also reduce stress and lower blood pressure. Using their own model to estimate how different activities impact blood pressure, they concluded that small changes could do a long way. Adding more activity helped to lower blood pressure even more: 10 to 20 minutes of exercise daily reduced blood pressure enough to lower heart disease risk by about 10%, according to the researchers' estimates. AdvertisementTai chi has also been found to lower blood pressure as effectively as cardio.
Persons: , Jo Blodgett, Emmanuel Stamatakis Organizations: Service, University College London, University of Sydney, American Heart Association Locations: Australia, Denmark, Finland, Netherlands
Over the past few years, he said, it's looked for factories in other countries, including Cambodia, Vietnam, Mexico and Brazil. Rosenfeld said about two-thirds of Steve Madden's business are U.S. imports. Of that, he said, "we currently source a little bit more than 70% of those goods from China." That means slightly less than half of its business would be at risk of tariffs on Chinese imports, he said. He said the company has moved more of its production outside of China since tariffs began under Trump's first administration.
Persons: Steve Madden, Donald Trump, Edward Rosenfeld, it's, " Rosenfeld, Steve Madden's, Trump, Tarang Amin, Trump's, Kate Spade, Scott Roe, we've, Gabrielle Fonrouge Organizations: Retail Locations: China, Cambodia, Vietnam, Mexico, Brazil
Olaf Scholz, Germany's chancellor, right, speaks with aide Joerg Kukies at the COP27 climate conference at the Sharm El Sheikh International Convention Centre in Sharm El-Sheikh, Egypt, on Monday, Nov. 7, 2022. Jörg Kukies was appointed as Germany's new finance minister on Thursday, as pressure mounts on Chancellor Olaf Scholz to call for a confidence vote and trigger snap elections after the dissolution of his ruling three-way coalition. Kukies replaces Christian Lindner, whom Scholz sacked on late Wednesday, citing the need to protect Germany from economic damage. Germany's Minister for Digital and Transport Volker Wissing — who was also a party member — said in a statement to the press that he would stay on in his role, but leave the FDP. On Thursday, Steinmeier announced that, in addition to his previous role, Wissing will also take over as justice minister.
Persons: Olaf Scholz, Germany's, Joerg Kukies, Jörg Kukies, Kukies, Christian Lindner, Scholz, Lindner, Lindner's, Frank, Walter Steinmeier, Transport Volker Wissing —, , Steinmeier, Wissing Organizations: Sharm El Sheikh International Convention, Green, Germany's, Digital, Transport Locations: Sharm, Sharm El, Sheikh, Egypt, Germany
Especially when such a small amount may improve your blood pressure, according to a new study. Researchers analyzed data from nearly 15,000 people who wore activity monitors and had their blood pressure tracked, according to the study published Wednesday in the journal Circulation. As little as five more minutes a day of exercise was associated with lower blood pressure, and just 10 to 20 minutes more as linked to a clinically meaningful change in blood pressure (defined as a reduction of 2mmHg of systolic blood pressure or 1mmHg of diastolic blood pressure), Blodgett said. Even five minutes more of exercise is associated with lower blood pressure, the study said. The answer for better blood pressure may be more than just a walk in the park, however.
Persons: CNN —, , Jo Blodgett, Blodgett, Susan Cheng, Busakorn, Cheng, Mark Hamer, , ” Cheng, ” Blodgett, Shaan Khurshid Organizations: CNN’s, CNN, Institute of Sport, Health, University College London, Heart Institute, Sinai Medical Center, Getty, Massachusetts General Hospital, Harvard Medical School Locations: Los Angeles, Massachusetts
Wondering what stocks might do well the rest of this year as America awaits Donald Trump take office for a second time in January? Others were high-beta growth stocks that can ride a broad market rally and benefit from corporate tax rates. Most analysts surveyed by LSEG hold buy ratings, but they expect KeyCorp shares to slide by more than 5% after their rally this year. Between Nov. 7 and the end of that year, KeyCorp shares ran up more than 25%. CarMax is a cyclical stock that should benefit from both deregulation and the rising tide for high-beta stocks.
Persons: Donald Trump, , Ebrahim Poonawala, financials, Poonawala, Bernstein, Bob Brackett, there's, Citigroup's Andrew Kaplowitz, Kaplowitz, Wednesday's, LSEG, Keycorp, Keith Horowitz, KeyCorp, CarMax Organizations: CNBC, Trump, White, Bank of America, Energy, Dow, Targa Resources, Citigroup Locations: Cleveland
The Federal Reserve would likely respond to inflation by raising interest rates to curb demand. In an economic chain reaction, households would then pay higher interest rates on borrowing of all kinds as the Fed moves to tame that newly rekindled inflation. That led to the 30-year fixed mortgage rate rising, meaning homebuyers are on track to see higher interest rates on loans. An analysis by the nonpartisan Tax Policy Center found that Trump's policies would decrease posttax incomes by an average of $1,800 in 2025. Trump's win is also expected to influence the Federal Reserve's upcoming decisions on interest rates.
Persons: Donald Trump, , Trump, Ramping, Trump's, it's, Jerome Powell, Joseph Stiglitz Organizations: Federal, Service, Biden, US Census Bureau, Trump, Peterson, Center, American Progress, Tax Foundation, Fed Locations: China
Trump's first 100 days are likely to be a rollercoaster, especially given his affinity for headline-grabbing moves. These structured channels helped ensure open dialogue on issues like tariffs, technology restrictions, and financial stability. A potential role for Elon Musk as a geopolitical go-between China might look to alternative channels to manage relations with Trump's administration. National security and AI, autonomous vehicles National security considerations will also be front and center in Trump's early China policy, especially regarding technology restrictions. Expect tariffs, technology restrictions, and Trump's unique brand of diplomacy to push the relationship to its limits.
Persons: Donald Trump, Xi Jinping, Kevin Lemarque, Donald Trump's, Trump, Mao Ning, Trump's, Biden, Elon Musk, Tesla, he's, Robin Ren, Ying Yong, Wu Qing, hasn't, Steve Wynn, Musk, Organizations: Reuters, White, U.S ., Foreign, Treasury, Commerce, Tesla Inc, Bloomberg, Getty, European Union, Trump Locations: Osaka, Japan, U.S, China, Beijing, Shanghai, Washington, Taiwan, European, South Korea, Trump's
Donald Trump's election win boosted tech stocks the next day, with Tesla leading the gains. Trump's past policies reshaped tech; his second term may impact Big Tech similarly. So what has the stock market told us so far about which Big Tech companies might be winners and losers during a Trump second term? Google gainsGoogle is somewhat surprising as a big stock gainer in the past two trading days. 'Shock absorber for the consumer'Slowinski highlighted other Big Tech stocks this week in his note to investors.
Persons: Donald Trump's, Tesla, , Donald Trump, Trump, Tim Cook, Ben Thompson, TSMC, Elon Musk, Elon, Ana Altchek, Stefan Slowinski, Mark Zuckerberg, Slowinski, Thompson, Slowinsky Organizations: Big Tech, Service, Trump, Apple, Google, Alphabet, BNP, Trump's, Democratic, Meta, Amazon, Microsoft Locations: China, Taiwan, Stratechery, North America
Kamala Harris' advisors said she struggled to dig herself out of a hole. Related Video Can Kamala Harris win over Democrats after Joe Biden drops out of 2024 presidential election? Throughout the 2024 race, Trump posted some of his highest approval numbers since he launched his first presidential run in 2015. AdvertisementEvan Roth Smith, the lead pollster at BluePrint, said there's no doubt that Biden's unpopularity impacted Harris. The Trump campaign didn't forget."
Persons: Kamala Harris, Joe Biden, Harris, , Doug Sosnik, Bill Clinton, Biden, Trump, Obama, David Plouffe, Harris's, Kamala, AWwpZQHhVo — Alex Thompson, Evan Roth Smith, Kamala Harris's, Roth Smith, would've, Rishi Sunak, George H.W, Bush, Ryan Ryan Williams, Mitt Romney's Organizations: Service, Democratic, CNN, Biden, British, Conservative Party, Democratic Party, New, Trump, GOP, Voters Locations: United States, South Korea, Germany, Iowa, New Hampshire
London CNN —President-elect Donald Trump’s proposed protectionist policies, including hefty tariffs, will hurt Europe’s economic standing — leaving crisis-hit Germany particularly vulnerable, Goldman Sachs predicts. Goldman Sachs expects gross domestic product across the 20 countries that use the euro to expand 0.8% next year, down from the 1.1% it forecast previously. Goldman Sachs’ central expectation is for “a more limited set of tariffs on European economies,” targeting primarily their auto exports. Goldman Sachs now expects the German economy to grow only 0.5% next year because of trade tensions, just over half the 0.9% growth it forecast previously. “For European businesses, Trump’s return to the White House implies considerable trade policy risks and geopolitical uncertainty,” Berenberg chief economist Holger Schmieding wrote in a note Thursday.
Persons: Donald Trump’s, Goldman Sachs, Trump’s, Trump, , Holger Schmieding, Organizations: London CNN —, NATO, Republican, European Union, Volkswagen, VW Locations: Germany, United States, Europe, Ukraine, China
Adyen reported a big miss on first-half sales Thursday. Adyen reported a jump in sales in the third quarter as the Dutch payments firm gained wallet share and added new customers, diversifying its merchant mix. The company, whose technology allows businesses to accept payments online and in-store, reported third-quarter net revenue of 498.3 million euros ($535.5 million), up 21% year-on-year on a constant currency basis. Payments firms saw a boost from an increase in online shopping during the height of the Covid-19 pandemic. But in recent years, companies such as Adyen have faced pressure from lower consumer spending.
Persons: Adyen Organizations: North Locations: U.S, Canada, Europe, East, Africa, North America
CNN —North Korean troops deployed to Russia’s Kursk region have fought Kyiv’s forces on the battlefield, Ukrainian President Volodymyr Zelensky said Thursday, adding that the clashes resulted in fatalities. Zelensky said 11,000 North Korean soldiers are in the region, where Ukraine’s three-month military incursion into Russian territory has stalled. The New York Times reported earlier this week that a number of North Korean troops had been killed in a limited engagement with Russian and Ukrainian forces, citing senior US and Ukrainian officials. US officials had warned that around 10,000 North Korean troops are in the Kursk region and would be expected to enter combat against Ukraine. But Zelensky fears a greater role for North Korean troops if its allies fail to exert more pressure on Putin.
Persons: Volodymyr Zelensky, Zelensky, ” Zelensky, , Donald Trump, Vladimir Putin, Maxim Shipenkov, Putin, Trump, JD Vance, Jill Dougherty, , they’ve, Dougherty, – Putin Organizations: CNN, North, Russian Federation, New York Times, NATO, Republican, Getty, Trump, CNN Moscow, Georgetown University’s Center, East European Studies, Budapest Thursday, Ukraine, North Korean, Putin Locations: Russia’s Kursk, Ukrainian, Ukraine, Kursk, Budapest, Hungary, United States, Moscow, Pyongyang, Sochi, Black, Kyiv, Russia, , Donbas, Crimea, South Korea
Krisztian Bocsi | Bloomberg | Getty ImagesDonald Trump's election as U.S. President could mark yet another major blow for the struggling German economy. The print came after the German economy ministry in October said it was now expecting the country's economy will contract, rather than grow this year. Trump's victory could make matters worse. Reliance on exportsThe German economy is heavily reliant on exports — and Trump is set to slap tariffs and other restrictions on imports. The German statistics office Destatis last month said that the U.S.' importance as a trading partner for Germany has been growing.
Persons: Olaf Scholz, Germany's, Krisztian Bocsi, Donald Trump's, Moritz Schularick, Trump, Schularick, ifo, Morningstar DBRS, Lisandra Flach Organizations: Bloomberg, Getty, PMI, P Global, Hamburg Commercial Bank, Kiel Institute, Trump, Reliance, China, Beijing, Destatis, ifo Center, International Economics, European Union, EU Locations: Berlin, Germany, Federal Republic of Germany, Europe, U.S
Oil prices regain ground as investors eye U.S. election fallout
  + stars: | 2024-11-07 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices edged up on Thursday following a sell-off triggered by the U.S. presidential election, as risks to oil supply from a Trump presidency and a hurricane building in the Gulf Coast outweighed a stronger U.S. dollar and higher inventories. Brent crude oil futures rose 26 cents, or 0.35%, to $75.18 per barrel by 0125 GMT. Trump's election had initially triggered a sell-off that pushed oil prices down by more than $2 as the U.S. dollar rose to its highest level since September 2022. Donald Trump is expected to reimpose his "maximum pressure policy" of sanctions on Iranian oil. U.S. crude inventories rose by 2.1 million barrels to 427.7 million barrels in the week ending on Nov. 1, the U.S. Energy Information Administration said on Wednesday, compared with expectations for a 1.1 million-barrel rise.
Persons: Tony Sycamore, Brent, Donald Trump, Trump, Biden, Hurricane Rafael Organizations: U.S, Trump, Brent, . West Texas, IG, U.S . Bureau of Safety, Environmental Enforcement, U.S . Energy, Administration Locations: Gulf, Iran, Venezuela, China, North America, Hurricane, U.S . Gulf, Mexico
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmundi Global Head: 'Sugar rush' to risk assets to continue in the short termJohn O'Toole of Amundi discusses how President-elect Trump's policy priorities will affect the Federal Reserve and the U.S. economy. He sees the Fed cutting rates by 25bps in November and December and increasing spending under Trump as pressure on long-term bond yields and the U.S. dollar. He also sees a rally to risk assets likely to persist in the short term.
Persons: John O'Toole, Amundi Organizations: Federal Reserve, 25bps, Trump, U.S . Locations: U.S
“Trump’s return to power will certainly bring greater opportunities and greater risks for China,” said Shen Dingli, a foreign policy analyst in Shanghai. AFP/Getty ImagesChallenges and opportunitiesBut Trump’s “America First” agenda and transactional worldview may also play in Beijing’s favor, experts say. “Although Beijing is deeply concerned about the unpredictability of Trump’s China policy, it reminds itself that challenges also bring opportunities,” said Tong Zhao, senior fellow at the Carnegie Endowment for International Peace. “If the US and Russia ease relations, it could create greater daylight between Russia and China, effectively driving a wedge between them.” Liu said. “From everything he has said, it’s clear that Trump considers China, not Russia, as the main adversary.”
Persons: Donald Trump, , , Shen Dingli, Xi Jinping, Trump, Xi, “ Trump, Liu Dongshu, Jim Watson, Larry Hu, Kamala Harris, Daniel Russel, Russel, Barack Obama, Tong Zhao, Joe Biden, Arleigh Burke, Halsey, Ismael Martinez, China’s, he’s, ” Zhao, Vladimir Putin, Liu, ” Liu Organizations: Hong Kong CNN, Foreign, Chinese Foreign Ministry, City University of Hong, Getty, Huawei, Investment, Macquarie, Republican, Asia Society Policy Institute, Shipping, Carnegie Endowment, International, NATO, Asian Nato, Trump, US Navy, U.S . Navy, AP, Russia Beijing, Communist Party, Industry, Wall Street Locations: Hong Kong, China, United States, Beijing, Shanghai, America, City University of Hong Kong, Lago, Florida, AFP, Asia, Lianyungang, China's Jiangsu, Europe, Western, Russia, Asian, Taiwan Strait, AP Taiwan, Taiwan, Washington, Ukraine
AdvertisementDonald Trump's presidential victory and his promise of light regulation could help relieve one of Citi's biggest problems. Wells Fargo analyst Mike Mayo called Trump's win a "regulatory game changer" in a research note. For instance, the OCC has required Citi to submit plans each quarter to ensure they are allocating enough resources to the Transformation effort. AdvertisementSince the July fines, Citi has faced mounting pressure. A few weeks later, Fraser was dogged by questions in an earnings call about the bank's regulatory fate.
Persons: hasn't, Donald Trump's, bode, Jane Fraser, , Wells, Mike Mayo, Trump, Michael Hsu, Jerome Powell, Stephen Biggar, Sen, Elizabeth Warren, Fraser, Vivek Juneja Organizations: Citi, Service, Wednesday, Federal Reserve, Currency, Trump's, OCC, Economic, of New, Republican, Argus Research Locations: of New York
The officials reiterated that the DHS has not yet seen a surge in migrants heading to the United States. "The fact remains: the United States continues to enforce immigration law, and migrants should use safe, lawful, and orderly pathways to come to the United States," the spokesperson added. “After the 21 of January he’ll close the borders with extreme security,” said one person on WhatsApp on Wednesday morning, referring to the day after Trump takes office. Banda said there is a feeling of uncertainty among migrants at his shelter, but he tries to keep them calm. And while caravans like these are nothing new, he said, he’s ready for more migrants to potentially head to the Nogales area before Trump takes office.
Persons: Biden, Donald Trump, Alejandro Mayorkas, Trump, he’ll, , Jan, , Gustavo Banda, Embajadores, Jesus, Banda, ” Banda, Francisco Loureiro, ” Loureiro, San Juan Bosco Organizations: Trump, Homeland, Customs, Border Protection, Department of Homeland Security, DHS, CBP, ICE, San, U.S Locations: United States, Central, South America, Mexico, Tijuana , Mexico, U.S, Nogales, San Juan, Mexican, Chiapas, Guatemala
If you want to do everything you can to maintain good mouth health, there is a right way to brush your teeth. SKIP AHEAD What you need to brush your teeth | How to brush your teeth properly | Essentials for brushing your teethWhat you need to brush your teethWhen you think of brushing your teeth, a good toothbrush and some toothpaste is probably what comes to mind. But, according to experts, floss and mouthwash are also super necessary to keep your teeth and gums clean. How to brush your teeth properlyYou have your tools, now you’re ready to brush. For this story, she interviewed experts on how to properly brush your teeth.
Persons: , Scott Cardall, , Aditi Gupta, ” Gupta, flossing, Gupta, “ It’s, It’s, Jordan Bowman, Bethany Heitman, TikTok Organizations: Dental, American Dental Association, Texas Dental Association, NBC, Delicious, CPC, Facebook, Twitter Locations: fester, Orem Orthodontics, Utah, Texas, Colgate
On Tuesday afternoon, prior to either race being called, when asked what she would do in that scenario, McBride said she would be prepared to push back on another Trump term. McBride said she didn’t want “to downplay the danger that comes with a second Trump administration” for LGBTQ people, but that hope “only makes sense in the face of hardship.”“It has always been in our community’s biggest challenges that we take our most significant steps forward,” she said after voting in Wilmington. In a second Trump administration, she said, the country could see what an advocate in Florida described to her as “a slingshot moment.”“We’re pulled backward, but the force and the pressure of being pulled backwards ultimately propels us to destinations that we’ve not yet been,” she said. Some trans people told NBC News ahead of the election that they had plans to leave their states or even the country should Trump win another term. McBride said she didn’t run to be a spokesperson for any particular community other than her constituents in Delaware.
Persons: Sen, Sarah McBride, Donald Trump, McBride, , Trump, “ We’re, AdImpact, Organizations: NBC, White House, NBC News, Trump Locations: Delaware, United States, Wilmington, Florida
To lower housing costs, Trump has said he would allow homes to be built on federally protected land, something that could help increase the supply of homes in places like Nevada and Arizona. TaxesTrump has proposed a number of tax cuts, including a complete elimination of the federal income tax. Those cuts lowered the corporate tax rate to 21% from 35%, reduced individual income tax rates, and increased the standard deduction. That could create havoc for workers and consumers and reduce the amount of income taxes the federal government brings in. About 40% of Social Security recipients pay federal income taxes, typically because they have other sources of income that raise them above a certain threshold where they are required to pay income tax, according to the Social Security Administration.
Persons: Donald Trump, Trump, , ” Trump, , Decker, Matt Priest, , Priest, It’s, He’s, hasn’t, Immigration Trump, Jim Tobin, Trump’s Organizations: Trump, Chicago Economic, Companies, National Bureau of Economic Research, Footwear Distributors, Retailers, U.S, Federal Reserve, Immigration, Business, Pew Research Center, NBC News, National Association of Home Builders, NBC, University of New, University of Pennsylvania, Social Security, Social, Social Security Administration Locations: U.S, China, Nevada, Arizona, Alaska, Saudi Arabia, Russia, University of New Hampshire
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