In addition to raising concerns about how much pressure might be put on the Federal Reserve during his second term in office, some economists and experts say Donald Trump’s victory in Tuesday’s presidential contest could potentially upend the US economy and change the Fed’s policy calculus in the coming months.During …
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Novo Nordisk, a major pharmaceutical company, reported mixed results for the third quarter of 2024. While its blockbuster weight-loss drug, Wegovy, exceeded expectations with an 81% year-over-year sales increase, the company’s overall performance was tempered by challenges.Despite a 24% increase in overall sales for the first nine months of the …
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Crude oil stoops and bounces back following a 3% decline earlier due to Trump’s victory in the US presidential election. As Trump is declared winner and gets an inconsecutive second term as US president, the effects of Tropical Storm Rafael on the Gulf become less significant. On Wednesday, the US …
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China has stated its commitment to working with the U.S. on principles of mutual respect and peaceful coexistence as Donald Trump appears close to a presidential victory. However, Chinese strategists are preparing for a resurgence in superpower tensions over trade, technology, and security should Trump return to the Oval Office. …
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Germany’s services sector experienced a slight improvement in October, with the HCOB Germany Services PMI rising to 51.6 from 50.6 in September, marking its first growth acceleration in five months. Although this three-month high signals expansion, underlying demand remains fragile, as shown by a drop in new business for the …
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U.S. stock futures saw gains on Wednesday as early voting results indicated Donald Trump leading in the presidential race against Kamala Harris, with the Republicans on track to sweep both the Senate and House of Representatives. This alignment could potentially ease Trump’s path to major policy implementations if his lead …
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Former President Donald Trump declared victory in the 2024 presidential election after Fox News projected his win over Democrat Kamala Harris, marking a remarkable political comeback. Trump’s projected triumph included key battleground states—Pennsylvania, North Carolina, and Georgia—with reported leads in other decisive states, according to Edison Research. Other news outlets …
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Bitcoin surged to an unprecedented high on Wednesday, fueled by early vote counts showing Donald Trump ahead in the 2024 U.S. presidential race. The largest cryptocurrency by market cap rose nearly 10%, reaching $75,071.8, as the prospect of a Trump presidency encouraged hopes for favorable crypto regulations. This rally reflects …
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Gold prices edged lower in Asian trading on Wednesday, influenced by a surge in the U.S. dollar and Treasury yields amid early 2024 U.S. election results favoring Donald Trump. However, with the election results still too close to call, gold held near its recent highs. Precious Metals Spot Gold: Dropped …
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In the unfolding 2024 U.S. presidential election, Donald Trump has taken a lead over Kamala Harris, securing wins in several critical battleground states. Current Standings As of 00:44 ET (05:44 GMT), the Associated Press reported: Trump: 230 electoral votes Harris: 210 electoral votes Trump clinched victories in North Carolina and …
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