Author: News Room

Interest in secondary passports for Americans has surged since Trump’s reelection.Global citizenship firms said clients are especially concerned about LGBTQ+ rights and the economy.They also said that they often see spikes in interest around elections.American interest in secondary passports has been on the rise over the last year — and global citizenship firms have reported another surge since Donald Trump’s reelection.”We are beyond busy at the moment,” Judi Galst, who manages global citizen firm Henley & Partners’ New York office, told Business Insider the day after the election.Phone calls and online inquiries to the firm were “constant” on the morning…

By Lawrence Delevingne and Carolina Mandl BOSTON/NEW YORK (Reuters) – As a money manager, Scott Bessent’s years of inconsistent performance have contributed to a nearly 90% decline in his hedge fund’s assets. Now, with some clients gone, he is scoring on perhaps his biggest bet yet: President-elect Donald Trump. Bessent spotted what he called an anomaly in the market: that political and market analysts were too negative on what a Trump victory would mean, according to a letter to clients in January seen by Reuters. His Key Square Capital Management put on bets that U.S. stocks and the dollar would…

By Dhara Ranasinghe and Tom Westbrook LONDON (Reuters) -Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration. It has more than doubled in value this year and is up about 45% since Trump’s sweeping election victory on Nov. 5, which has also seen a slew of pro-crypto lawmakers being elected to Congress. The cryptocurrency’s gains though were more measured on Friday. After touching a fresh record high above $99,000, bitcoin pulled…

Mexican Peso ignores upbeat growth data as inflation dip hints at lower interest rates. INEGI reports Q3 GDP growth exceeding expectations and a drop in mid-month November inflation, suggesting room for Banxico to ease policy further. US economic data, including better-than-expected S&P Global Flash PMIs and UoM Consumer Sentiment, bolstered the US Dollar. The Mexican Peso retreats for the third straight day versus the US Dollar, although economic data suggests the country’s economy grew in the third quarter while inflation edged lower. However, upbear US data coupled with risk aversion boosted the USD/MXN higher, trading at 20.45, gaining 0.27%. In…

AILayer has revealed its groundbreaking partnership with CycleX. AILayer is a leading force in Web3 technology while CycleX is a pioneering platform specializing in Real-World Assets (RWA). this collaboration is a significant milestone in bringing blockchain innovation with real-world applications. 🤝 #AILayer is thrilled to announce our partnership with @CycleXTeam!CycleX is an innovative platform dedicated to RWA (Real-World Assets), offering a comprehensive suite of features, including real-time RWA market data, tokenized fund issuance, and advanced DEX trading.… pic.twitter.com/gUtsNOjSW5 — AILayer (@AILayerXYZ) November 22, 2024 CycleX’s renowned and advanced platform offers real-time RWA market data. It also provides tokenized fund issuance…

Planned Parenthood is preparing to fight the Department of Government Efficiency.Elon Musk and Vivek Ramaswamy want to use DOGE to cut federal spending.They named Planned Parenthood as something that could be targeted for cuts.Planned Parenthood is preparing to face off with Elon Musk’s Department of Government Efficiency after it identified the reproductive health provider as fat to be trimmed.Musk and his co-lead, former GOP presidential candidate Vivek Ramaswamy, have been laying out their plans for their federal budget-trimming effort in recent weeks. Musk and Ramaswamy said in an op-ed this week that they are eying everything from “$1.5 billion for…

Drake and Kendrick Lamar have exchanged nine diss tracks since “Like That” dropped in March.Hip-hop writers and critics favor Lamar in the feud, praising his songs as more persuasive.Lamar has extended his victory lap by surprise-releasing a new album, “GNX.”Drake and Kendrick Lamar were once considered collaborators, perhaps even friends.Both rappers lent features to the other’s 2011 albums (“Take Care” and “good kid, m.A.A.d city,” respectively) and even teamed up with A$AP Rocky for the 2012 hit “F**kin’ Problems.”Over the years, however, Drake and Lamar came to represent very different versions of hip-hop greatness: the former is a commercial juggernaut, racking…

By Alexandra Alper WASHINGTON (Reuters) -The Biden administration is set to unveil new export restrictions on China as soon as next week, the U.S. Chamber of Commerce told members in a Thursday email. The new regulations could add up to 200 Chinese chip companies to a trade restriction list that bars most U.S. suppliers from shipping goods to the targeted firms, the email from the powerful Washington-based lobbying group said, according to an excerpt seen by Reuters on Friday. The Commerce Department, which oversees U.S. export policy, plans to publish the new regulations “prior to the Thanksgiving break,” next Thursday,…

By Abigail Summerville and Johann M Cherian (Reuters) -All three stock indexes gained on Friday, headed for weekly gains as investors took comfort from data pointing to robust economic activity in the world’s biggest economy. A measure of business activity raced to a 31-month high in November, boosted by hopes for lower interest rates and more business-friendly policies from President-elect Donald Trump’s administration next year. The domestically focused small-cap index outperformed large-cap indexes with a 1.7% rise. The index hit its highest in more than a week and was set for weekly advances of nearly 4%. Meanwhile, Alphabet (NASDAQ:) lost…

US Dollar Index declines below 108.00 on Friday, November 22. DXY retreats from 2-year high despite strong S&P PMI data; profit-taking and China’s stimulus package contribute to pullback. Fed officials remain cautious with Barkin citing inflation risks and Williams indicating potential rate reduction. In Friday’s session, the US Dollar Index (DXY) declined slightly after reaching a new two-year high amidst geopolitical instability. However, strong S&P PMI data reinforced the US economy’s relative resilience, supporting the DXY’s gains.  The US Dollar’s pullback was attributed to profit-taking and positive economic indicators from China, including a rate reduction and a comprehensive stimulus package.…