Latest News View More Trump's return to White House will bring trade ructions, StanChart CEO says Global trade flows will suffer from "interesting ructions" as the new administration of U.S. President Donald Trump settles in, Standard Chartered CEO Bill Winters said during a panel session at the World Economic Forum in Davos on Tuesday. "We'll see what comes through in terms of tariffs...but we know China is a big part of that in terms of having a gigantic export surplus, and that will be under attack from all parts of the world," Winters said. Big globally-focused banks will be able to benefit from that disruption in their roles connecting between markets, Winters said, while locally-focused banks may struggle. Reuters • 17 minutes ago SCBFF Trump Tariffs Pose Inflation Risk, South Africa’s Kganyago Says Oil Slips as Trump Signals Canada Tariffs, Domestic Energy Push Gold Advances as Trump Stands By Plans for Mexico, Canada Tariff Metals Drop as President Trump Plans Tariffs on Canada, Mexico Zomato Shares Drop to Six-Month Low on Cautious Growth Outlook FX Options Traders Forced to Reverse Course by Trump Tariff Move Stock Market News View More Stocks Whipsaw, Dollar Rises on Trump Warnings: Markets Wrap (Bloomberg) -- Financial markets got an early reminder of life under US President Donald Trump as initial relief about the lack of immediate sweeping tariffs on all trade partners turned to queasiness for some as he pledged to impose levies on Mexico and Canada within weeks.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide Bloomberg • 1 hour ago ^GSPC Chinese Stocks Rise as Trump Holds Off on Day-One Tariffs Stock market today: Asian shares trade mixed in a muted reaction to the U.S. inauguration China stocks, yuan cautiously firm after Trump delays tariffs TikTok Drama Helps Power Up Some China Consumer Stocks Huawei seeks to grab market share in AI chips from Nvidia in China COMAC jets for Vietnam show China's push for international market Earnings View More Netflix earnings preview: Sports to boost Q4 results as analysts debate future price hikes Netflix will report earnings on Jan. 21 after the bell. Here's what to expect. Yahoo Finance • 9 hours ago NFLX +1.87% What We Learned From Big Bank Earnings Last Week What Analysts Think of Johnson & Johnson Stock Ahead of Earnings What Analysts Think of P&G Stock Ahead of Earnings Lanxess Shares Rise After Earnings Guidance Above Market Views Agilysys (AGYS) To Report Earnings Tomorrow: Here Is What To Expect D.R. Horton (DHI) Q4 Earnings: What To Expect Trump signs executive actions Hours after he was sworn in as the 47th President of the United States, President Donald Trump signed several executive orders and actions. Many of the orders target the key priorities of his campaign. Yahoo Finance Host Rachelle Akuffo reports the latest. Be sure to watch Yahoo Finance starting at 8:30 a.m. ET for the latest market reaction to Trump's big day. For more expert insight and the latest market action, click here. This post was written by Stephanie Mikulich. 04:53 Trump delays tariffs: Former Trump official explains why 05:40 Netflix earnings preview: Why sports are 'dominating the narrative' 02:05 2025 World Economic Forum in Davos: What to watch 02:31 Trump's evolving relationship with Big Tech: Trends to watch From the Yahoo Finance Newsroom View More Trump signs executive order to shield TikTok from US ban, setting up complex legal road ahead Trump avoids big tariff actions on day one. But he promises they could be days away. BlackRock executive outlines 'quality' playbook for the 2025 stock market Bitcoin goes on wild ride as Trump takes office A trade war with China is coming as Trump takes office: Bremmer Trump unleashes a wave of first-day orders. Here's what matters for investors. The Yahoo Finance guide to Trump 2.0 Goldman Sachs is sounding (and acting) a lot more like private equity Premium News View More Instagram Launches Edits, Rival to ByteDance’s CapCut TikTok Says It’s Temporarily Restoring Service on Sunday EU should welcome Chinese car factories, says Mercedes chief Wildfire Startups Need a SpaceX Moment TikTok in Trump’s Court Now Amazon Pauses Drone Deliveries After Test Crashes Equity Markets Rise as Investors Parse Macro Data, IMF Report Weekly Oil Rig Count Falls, Crude Prices Edge Down Amid Sanction Risks Housing View More Home sales are stalled with 7% mortgages Trump will inherit a housing market creaking under the strain of high prices and high interest rates It’s a good time to be a renter almost everywhere — except the Midwest 'It's going to hurt': Real estate expert discusses how Trump's deportation plans could affect housing US Housing Starts Top All Forecasts on Multifamily Construction US single-family housing starts, permits hit 10-month high in December China Home Prices Fall at Slower Pace as Stimulus Takes Hold Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May Personal Finance How a portfolio loan can help you buy a house Yahoo Personal Finance • 18 hours ago Best money market account rates today: January 20, 2025 (earn up to 4.75% APY) Savings interest rates today, January 20, 2025 (Top rate at 3.90% APY) Tech Apple’s iPhone Sales in China Plunged 18% in Holiday Quarter Bloomberg • 3 hours ago AAPL +0.75% Oil little changed as traders digest Trump tariff reprieve, plan to boost US oil output Argentina marks record trade surplus at nearly $19 billion in Milei's first year as president Crypto Crypto Market in Limbo as Trump Omits Sector From Day One Orders Bloomberg • 3 hours ago Crypto Options Signal More Losses for Ether-Bitcoin Ratio After Trump Skips BTC Mention in Inaugural Speech Watch These Bitcoin Price Levels After Inauguration Day Volatility More News Dollar Rebounds as Trump Eyes More Canada, Mexico Tariffs (Bloomberg) -- The dollar bounced back after posting its steepest drop in 14 months amid bets that US President Donald Trump’s tariff plans would spur inflation and prevent further interest-rate cuts from the Federal Reserve.Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed OpportunityNY Kohl’s Shoppers Want Its New CEO to Undo What the Last One Did Kohl’s shoppers have a message for incoming Chief Executive Ashley Buchanan : Bring back the old Kohl’s. To chase younger shoppers and reduce inventory, the department-store chain in recent years scaled back fine jewelry, petite clothing sizes and popular private-label brands to make way for Sephora cosmetics and Babies “R” Us shops inside its stores. The moves upset some longtime customers and sent Kohl’s sales into a nosedive that wiped out more than half a billion dollars in revenue over two years. Guggenheim expects Fed to cut rates about every quarter in 2025 Guggenheim Partners' chief investment officer forecast on Monday that the U.S. Federal Reserve is likely to cut interest rates roughly every quarter in 2025, bringing the reduction to around 75 basis points or even a full percentage point this year. The Fed will continue cutting, albeit on a slower path than had been expected, Guggenheim CIO Anne Walsh told the Reuters Global Markets Forum at the start of the World Economic Forum annual meeting in Davos. Tariffs expected to be imposed by incoming President Donald Trump will probably not be as punishing as most expect, Walsh said, as long as the dollar remains strong as the reserve currency and the U.S. continues to attract capital. Who Was Better For The Stock Market? Biden Or Trump? The stock market saw solid gains during Biden's presidency. Here's how Biden and Trump compare. Are home improvements tax deductible? Sometimes — here are the rules. Some home improvements are tax deductible, but the IRS has strict rules about which are eligible. Find out if your project or remodel qualifies for a deduction. Analyst Report: BHP Group Limited BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual-listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore US oil and gas assets were sold in 2018 and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. It purchased copper miner Oz Minerals in fiscal 2023 and is entering the potash market through the development of its Jansen project in Canada. However, due to low nickel prices, BHP placed its nickel business on care and maintenance in 2024. Bitcoin Hits Record, Dollar Falls on Trump’s Inauguration Day The new peak above $109,000 was reached Monday, and stock futures rose. Since Trump was elected, bitcoin has surged more than 50%. Morning Bid: Inauguration caution cools risk-on revival Signs of life being breathed back into China's economy and a strong rally on Wall Street on Friday bode well for Asian markets on Monday, although nervousness around President-elect Donald Trump's inauguration could temper the optimism. U.S. markets will be closed for Martin Luther King Jr. Day, so global liquidity will be lighter than usual, and U.S. debt ceiling jitters are back in sharp focus. Investors have broadly welcomed the 'market-friendly' parts of Trump's expected agenda like tax cuts and deregulation. Australia's Star Entertainment posts smaller quarterly loss Star reported a loss before interest, tax, depreciation and amortisation of A$8 million ($4.95 million) excluding significant items for the three-month period ended December, compared with an EBITDA loss of A$18 million in the first quarter. Star, which is in the middle of a cash crunch, reported an 18% decline in its operating expenses to A$52 million, citing lower corporate costs, among others. The embattled casino operator also said its available cash was A$78 million at December-end. What is taxable income (and how you can reduce it)? Learn more about what taxable income is, the differences between taxable income and nontaxable income, and how it affects the taxes you’ll owe.
