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US stock indices pushed to fresh records Tuesday, shrugging off tariff threats from President-elect Donald Trump while European equities retreated.Trump, who doesn’t take office until January 20, made his threat in social media posts Monday night, announcing huge import tariffs against neighbors Canada and Mexico and also rival China if they do not stop illegal …

US stocks rally despite Trump tariff threat but European stocks fall Read More »

European markets closed lower on Tuesday while Wall Street bounced as investors digested incoming US president Donald Trump’s warning that he would impose huge new tariffs on China, Mexico and Canada, raising fears of a trade war.Trump said on his Truth Social account that he would hammer the United States’ largest trading partners with tariffs …

Trump tariff vow drives choppy day for markets Read More »

US lawmakers have urged the government to rethink banking ties with Hong Kong, citing its “increasing role” in money laundering, sanctions evasions and reported funneling of banned technology to Russia.The bipartisan US Select Committee on the Chinese Communist Party called Monday on outgoing President Joe Biden’s treasury secretary to reevaluate Hong Kong’s unique trade privileges, …

US lawmakers warn Hong Kong becoming financial crime hub Read More »

Choppy trading hit stock markets on Tuesday as investors digested Donald Trump’s warning that he would impose huge new tariffs on China, Mexico and Canada when he takes over as US president in January.Trump said on his Truth Social account that he would hammer the United States’ largest trading partners with tariffs in a bid …

Stocks, dollar mixed on Trump tariff warning Read More »