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
Trump to make “massive” infrastructure announcement, White House says
WASHINGTON (Reuters) -U.S. President Donald Trump will make an infrastructure announcement on Tuesday, White House Press Secretary Karoline Leavitt said. “It’s going to be a massive announcement and it’s going to prove that the world knows that America is back,” Leavitt
In Davos, Scholz calls for ‘cool heads’, cautious optimism in face of Trump
DAVOS, Switzerland (Reuters) -Chancellor Olaf Scholz voiced cautious optimism on Tuesday on the potential for German-U.S. relations under President Donald Trump, citing good first talks with his administration, but stressed the importance of “cool heads” in the face of uncertainty. “The