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Trump 2.0: Wall Street gears up for possible lower taxes, deregulation

Trump made tariffs and tax cuts key elements of his pitch to voters, many of whom said the economy was the biggest issue of the election

Donald Trump, former US President

Markets ride ‘Trump trade’ as former president surges ahead

The results are affecting assets globally and determining the outlook for US debt, the strength of the dollar and a host of industries

CAIRO, EGYPT - AUGUST 20: (----EDITORIAL USE ONLY - MANDATORY CREDIT 'EGYPTIAN PRESIDENCY / HANDOUT' - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS----) Egyptian President Abdel Fattah el-Sisi meets US Secretary of State Antony Blinken in Cairo, Egypt on August 20, 2024. (Photo by Egyptian Presidency/Anadolu via Getty Images)

US to release $1.3bn in military aid to Egypt

The ongoing conflict in Gaza has increased Washington’s dependence on Egypt for diplomatic mediation

PHILADELPHIA, PENNSYLVANIA - SEPTEMBER 10: Republican presidential nominee, former U.S. President Donald Trump and Democratic presidential nominee, U.S. Vice President Kamala Harris debate for the first time during the presidential election campaign at The National Constitution Center on September 10, 2024 in Philadelphia, Pennsylvania. After earning the Democratic Party nomination following President Joe Biden's decision to leave the race, Harris faced off with Trump in what may be the only debate of the 2024 race for the White House. (Photo by Win McNamee/Getty Images)

Kamala Harris and Donald Trump spar in combative debate

In a boost to the Democratic Party’s campaign, Taylor Swift backed Kamala Harris for the US President

Jerome Powell, chairman of the US Fed arrives to a dinner at the Jackson Lake Lodge during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Thursday, Aug. 22, 2024. With the central bank on the cusp of lowering interest rates from a more than two-decade high, the Federal Reserve chair's comments on Friday will be closely parsed for any hints on how the Fed chief is viewing the economy in the wake of a weaker-than-expected jobs report and further easing in inflation. Photographer: Natalie Behring/Bloomberg Jerome Powell, chairman of the US Federal Reserve, arrives to a dinner at the Jackson Lake Lodge during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Thursday, Aug. 22, 2024. With the central bank on the cusp of lowering interest rates from a more than two-decade high, the Federal Reserve chair's comments on Friday will be closely parsed for any hints on how the Fed chief is viewing the economy in the wake of a weaker-than-expected jobs report and further easing in inflation. Photographer: Natalie Behring/Bloomberg

US Fed’s Jerome Powell says ‘time has come’ to cut rates

Fed chief says timing, pace of rate cuts depends on data

Google

Google has an illegal monopoly on search, US judge finds

Google paid $26.3bn in 2021 to maintain search engine dominance, the judge noted

stock markets

‘Black Monday’ stock rout continues on US markets: S&P 500, Nasdaq crash 3%

All three major indexes registered their biggest three-day percentage declines since June 2022

Japan Nikkei stumbles

Asian stocks trampled as Nikkei crashes 13%

The scale of losses on Japan’s Nikkei had not been seen since the global financial crisis

Gold

Gold’s run to record high may crimp demand: Insight

The combination of bearish and bullish factors for gold may end up having the effect of keeping the price in a relatively narrow range for the rest of the year

US Treasuries - stocks

US stocks stumble on Wall Street over recession worries

A manufacturing report spooked investors, sparking broad risk-off moves across markets

US Fed

US Fed says rate cuts could come ‘soon’

US Federal Reserve chairman Jerome Powell on Wednesday said “there was a growing sense of confidence” the central bank could cut rates in September

Boeing's new CEO Kelly Ortberg

Boeing names industry veteran Kelly Ortberg as CEO

Boeing has tapped 64-year old Ortberg, who has over 35 years of aerospace leadership experience, to turn things around

Kuwait - jet fuel

Beirut flights cancelled; US issues Lebanon travel advisory

The US, UK and France are among countries who have issued an urgent travel advisory asking their citizens to avoid travel to Lebanon

tech outages

6 of the biggest tech outages in recent years

Even as the world reels from the Microsoft outage, here’s a look at some outages that have taken down major systems, in recent years

Microsoft

Microsoft global outage: Major banks, airlines and media impacted

Microsoft attributed the error to a recent update from CrowdStrike

Tesla model-3

Tesla launches new Model 3 long-range variant

The new Model 3 long-range variant is priced at $42,490

Donald Trump

Tech CEOs, markets react to Trump shooting

World leaders, US politicians, and tech CEOs condemned the shooting, while some including Tesla chief Elon Musk declared support for Trump in the upcoming elections

Investors react to shooting at Donald Trump rally

Trump was shot in the ear during the rally in Pennsylvania on Saturday in what the authorities were treating as an assassination attempt.

NATO

NATO to open first Middle East liaison office in Amman

The announcement coincides with NATO’s 75th anniversary celebrations in Washington

Boeing 737 max- boeing

Boeing to plead guilty to fraud in US probe of fatal 737 MAX crashes

Boeing became exposed to criminal prosecution after the US Justice Department in May found the company violated a 2021 settlement involving the fatal crashes

Apple OpenAI Chatgpt Siri

Apple unveils partnership with OpenAI at WWDC 2024

Apple said the new iOS 18, the software powering its flagship device, will make the iPhone home screen more customisable

Nvidia To Report Quarterly Earnings

Nvidia overtakes Apple as No 2 most valuable company in the world

Nvidia’s stock rose 5.2 per cent to end the day at $1,224.40, valuing the company at $3.012tn

Boeing Starliner

Boeing’s Starliner spacecraft sends first astronaut crew to orbit

Starliner, would compete head-to-head with the SpaceX capsule, which since 2020 has been NASA’s only vehicle for sending ISS crew members to orbit from US soil

Boeing 737 max- boeing

Boeing can’t boost 737 MAX production yet: US FAA

FAA Administrator Mike Whitaker said he did not expect Boeing to win approval to increase production of the MAX imminently

Donald Trump

Donald Trump found ‘guilty’ in hush money case: A timeline of the historic conviction

Donal Trump has become the first US President to be convicted of a crime and faces sentencing on July 11

nvidia-jensen-huang

Nvidia announces 10-for-1 stock split after post-earnings $200bn rally

Nvidia’s lead in the AI boom already has made it the most popular stock among individual investors over the past year

UAE's AI PUSH

UAE, US to seal more AI deals through strategic partnership: UAE AI minister Al Olama

The UAE, led by government-backed firm G42, is pushing to burnish its AI framework as it diversifies away from oil

Dell Xps14-x

Dell deepens AI push with new PCs

Dell’s AI-capable PCs will come with the Qualcomm Snapdragon X series chips

Oil August 1

Oil prices up after US economic data strengthens rate cut expectations

Equities, which tend to move in tandem with oil prices, rose on the rate cut hopes, with the Dow reaching an all-time high of 40,000 for the first time

Gemini - Sundar Pichai, chief executive officer of Alphabet Inc., during the Google I/O Developers Conference in Mountain View, California, US, on Wednesday, May 10, 2023. Google introduced a new large language model, used for training artificial intelligence tools like chatbots, known as PaLM 2, and said it has already woven it into many of the internet search company’s marquee products. Photographer: David Paul Morris/Bloomberg

All that was announced at Google I/O 2024: Trillium chip, Imagen-3, Veo and more

Among Google’s latest salvos was an addition to its family of Gemini 1.5 AI models known as Flash, an upgrade to its image-to-text offering Imagen and an AI model that creates high definition videos