Elon Musk and Donald Trump’s efforts to slash US government spending are starting to shift sentiment around overheated markets.
Bank of America's International President Bernard Mensah says the bank sees a slowdown in mergers and acquisitions as corporate leaders wait to see in which direction US President Donald Trump will take the world economy.
The Bank of Korea is expected to cut rates by 25 basis points in its meeting later in the day, according to a Reuters poll.
Donald Trump has taken the world by storm with swift actions in the first few days of his second term. Meanwhile, several major central banks will be announcing their monetary policies in March, including US,
US President Donald Trump tariff policies will eventually be a drag on the dollar despite providing an initial boost, according to Bank of America Corp. Most Read from BloombergWhy American Mobility Ground to a HaltSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayCutting Arena Subsidies Can Help Cover Tax Cuts,
Voters elected Trump to find a way to curb the hotter inflation that occurred under President Joe Biden. But the president has also sought to impose tariffs to extract concessions and raise revenues on the belief — which many economists dispute — that America’s yawning trade deficit is a sign of weakness.
President Donald Trump’s desire to get even on countries by matching tariffs they have on American goods could come at a steep cost. In Trump’s view, it’s unfair for other countries to charge American imports higher tariffs than what America ...