China’s Vice Premier lunches with Dimon, Schwarzman and other Davos financiers
By Julie Zhu and Elisa Martinuzzi DAVOS, Switzerland (Reuters) – Chinese Vice Premier Ding Xuexiang met with global finance and business leaders including Blackstone (NYSE:BX) CEO Steve Schwarzman, Bridgewater Associates founder Ray Dalio and JPMorgan CEO Jamie Dimon during a private
Germany’s Scholz responds to Musk, saying freedom of speech must not back extreme-right
DAVOS, Switzerland (Reuters) – German Chancellor Olaf Scholz said on Tuesday he does not support freedom of speech when it is used for extreme-right views, a day after a hand gesture by U.S. billionaire Elon Musk caused uproar during Donald
Hedge funds ante-up big bets to kick off Trump’s second term
By Nell Mackenzie LONDON (Reuters) – Hedge funds positioned for Donald Trump’s U.S. presidency with their highest levels of borrowing since 2010, while betting the dollar would continue to rise, according to bank research and industry data. U.S. stock trading hedge funds
Canada’s annual inflation rate drops to 1.8% in December on sales tax relief
By Promit Mukherjee OTTAWA (Reuters) – Consumer prices in Canada continued to climb up at a soft pace in December, data showed on Tuesday, helped by a sales tax break which kicked off from the mid of the month and brought
Charles Schwab’s fourth-quarter profit soars on higher asset management fees
(Reuters) – Brokerage firm Charles Schwab (NYSE:SCHW) said on Tuesday that its profit rose 44% in the fourth quarter driven by a jump in asset management fees, sending its shares up more than 6% in premarket trading. WHY IT’S