By Selena Li, Scott Murdoch and Kane Wu HONG KONG/SYDNEY (Reuters) – More U.S. financial firms may pull back from China, hive off local units to minimise risks or pause expansion plans on concerns about geopolitical tensions in a Donald Trump presidency, industry executives and analysts said. Mainland China was a lucrative market for Wall […]

Landing a high-paying job without spending four years and tens of thousands of dollars on college tuition may be getting more plausible. In recent years, many of America’s largest companies have announced they will no longer require a college degree for high-paying office jobs. That list includes Google, IBM, Tesla, Accenture, Walmart, Dell, Verizon, Delta,

Olaf Scholz, Germany’s chancellor, during a news conference at the Chancellery in Berlin, Germany, on Monday, Nov. 4, 2024. Krisztian Bocsi | Bloomberg | Getty Images Donald Trump’s election as U.S. President could mark yet another major blow for the struggling German economy. Germany narrowly, and unexpectedly, skirted a technical recession in the third quarter,

(Bloomberg) — Donald Trump’s election victory is seen changing the course of near-term money flows for three of Asia’s largest equity markets as tariff risks loom large over Chinese assets. Most Read from Bloomberg Market watchers see the possibility of funds flowing into India and Japan while investors assess Trump’s anti-China stance, with the president-elect

(Bloomberg) — Asian stocks gained with European and US equity futures as investors positioned for a second Donald Trump presidency and an expected Federal Reserve interest-rate cut. Most Read from Bloomberg Chinese stocks were among the best performers in Asia on optimism Beijing will roll out more stimulus measures, and on encouraging export data. That

What Is the CARES Act? The U.S. Congress passed a $2.2 trillion stimulus bill called the Coronavirus Aid, Relief, and Economic Security Act (CARES) in March 2020 to blunt the economic damage set in motion by the global coronavirus pandemic. With most forecasters at the time predicting that the U.S. economy was either already in

e.l.f Beauty power grip primer. Courtesy: e.l.f Beauty E.l.f. Beauty raised its full-year guidance on Wednesday after posting a 40% growth in sales.  Shares of the company rose nearly 10% in after-hours trading. The cosmetics retailer’s earnings came in well ahead of expectations on the top and bottom lines and it now expects sales to

ANGELA WEISS/AFP The world’s richest people saw huge wealth gains as stocks rallied after the election on Wednesday. The biggest gainers include Elon Musk, Larry Ellison, and Warren Buffett. Stocks rallied to records after Trump’s win as markets see a coming era of looser regulation and lower taxes. The world’s richest people saw huge gains

iStock; BI Bond yields surged after Trump’s reelection, which could impact the rate consumer borrowers get on loans. The 10-year Treasury yield rose 18 basis points, and the 30-year bond yield saw its biggest jump since March 2020. Trump’s policies could increase inflation, impacting the Federal Reserve’s interest rate strategy. Bond yields are soaring after

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — Donald Trump’s 2024 presidential win has raised the bar for China’s fiscal stimulus plans, expected Friday. On the campaign trial, Trump threatened to impose additional