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By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden will warn against further tax cuts for the wealthy and a reprise of Republican “trickle-down economics” during Donald Trump’s second term in what could be his final speech on the economy on Tuesday, a White House official said. Biden will argue in the speech, which…
Investing.com– The impending increase in tariffs by the United States on Chinese goods could significantly impact China’s economy, potentially reducing its gross domestic product (GDP) by 1.5% over the next few years, according to ANZ Research. This projection assumes a tariff hike of up to 60%. Incoming U.S. president Donald Trump, during his election campaign…
By Federico Maccioni ABU DHABI (Reuters) – Cryptocurrency exchange Binance has yet to decide where to base its global headquarters, its CEO told Reuters on Monday, years after it flagged a decision was imminent, but the executive pointed to moves it has made to improve corporate governance. “We are still working very hard on this…
Read More “Binance still to choose location for global headquarters, CEO Teng says By Reuters” »
Investing.com — President-elect Donald Trump has already signaled that trade tariffs are likely to form part of his political agenda, but against concerns that a tit-for-tat U.S.-EU trade spat could threaten a fresh wave of inflation, Citi argues that tariffs may prove deflationary in the Eurozone at a time when the economy is in the…
Read More “Could US tariffs ramp-up deflationary forces in Europe? By Investing.com” »
Investing.com — BCA Research challenged the assumption that Trump’s immigration policies will tighten the labor market and stoke inflation in a note to clients this week. An analyst at the firm said that while a smaller labor supply is a likely outcome, this will also reduce labor demand. “Immigrants’ contribution to aggregate demand goes beyond their…
