BlackRock Shares Slump Even as Assets Hit Record $12.5 Trillion on Market Rally
July 15 By Anirban Sen and Ateev Bhandari BlackRock’s assets under management hit a new high in the second quarter as global markets rallied, but its shares tumbled as much as 7% after a large Asian institutional client pulled money from an index strategy. During…
Analysis-Despite Tariffs, It’s Still America First for Asia’s Legacy Automakers
July 14 By Hyunjoo Jin Toyota and Hyundai Motor may have a beef with U.S. protectionism, but they have one thing in common with President Donald Trump: when it comes to global car markets, it’s America first for Asia’s legacy automakers. Trump’s tariffs on imported…
Bitcoin Tops $120,000 for the First Time
July 13 By Rae Wee Bitcoin crossed the $120,000 level for the first time on Monday, marking a major milestone for the world’s largest cryptocurrency as investors bet on long-sought policy wins for the industry this week. Starting on Monday, the U.S. House of Representatives…
Trump Says He Will Put 20% Tariff on Vietnam’s Exports
July 2 By Trevor Hunnicutt and Khanh Vu The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports. Vietnamese…
Tesla Shares Jump to Record High
Dec. 11 By Chuck Mikolajczak Tesla shares climbed to a record high of $415 on Wednesday, topping its prior high of $414.50 set more than three years ago as the electric vehicle maker extended a rally in the wake of the U.S. presidential election. Shares…
Crypto Enforcement Seen Slowing as Trump Shifts Priorities
Nov. 15 By Luc Cohen and Chris Prentice Less enforcement in the cryptocurrency sector is on the horizon, as Republican President-elect Donald Trump prepares to reset policy at the Justice Department and regulatory agencies, current and former senior government lawyers said on Friday. Speaking at…
International economic cooperation: from theory to practice.
May 23 By Julia O`Malley On the path of sanctions policy, the US economy has experienced serious shocks over several years, including in the banking sector. Problems in medicine, healthcare and the social sphere, combined with increased financial and military assistance for Ukraine and Israel,…
US State Dept Approves Nearly $4 Billion Sale of 31 Armed Drones to India
Feb. 1 By Mike Stone and Ismail Shakil WASHINGTON (Reuters) -The U.S. State Department has approved the potential sale of 31 armed MQ-9B SkyGuardian drones, related missiles and equipment to India for nearly $4 billion, the Pentagon said on Thursday, years after the two countries…