Trump’s pick for fracker-in-chief will have a tough time pumping a lot more oil
President-elect Donald Trump may find the road to cheaper gas prices is a little rocky. “Frack, frack, frack and drill, baby, drill,” Trump said at an October rally. Trump has said he wants to lower ...
Trump tariff hikes could knock UK GDP, says CEBR
Economists at the Centre for Economics and Business Research (CEBR) said a 20% tariff on all imports and a move to raise tariffs on Chinese goods to 60% could reduce UK gross domestic product (GDP) by ...
China’s Bid to Rein In Exports Roils Aluminum Stocks and Prices
Aluminum Corp of China Ltd. and China Hongqiao Group Ltd., the country’s top two aluminum smelters, slumped more than 5% in Shanghai and Hong Kong, while Yunnan Aluminum Co. hit its daily down limit ...
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Truth Social, Late Calls Take Over Economists’ Lives Under Trump
(Bloomberg) -- Rob Subbaraman is preparing for his second Trump presidency with a new accessory in his economist toolkit: the head of global markets research at Nomura Holdings Inc. has downloaded ...
Asian Stocks Eye Soft Start as Fed Doubts Simmer: Markets Wrap
(Bloomberg) -- Most Asian stocks are set to fall early Monday as traders rein in expectations of Federal Reserve easing and come to terms with the cost of President-elect Donald Trump’s proposed ...
Spirit Airlines Files Bankruptcy in New York
(Bloomberg) -- Spirit Airlines Inc. has filed bankruptcy in the wake of greater competition from rival carriers and financial troubles following its scuttled merger with JetBlue Airways Corp. The ...