Investing.com — A second Trump administration is likely to see little change in the U.S. fiscal deficit, despite campaign promises of tax cuts and spending programs, according to UBS strategists. “An already high deficit will force compromise on tax cuts and spending pledges, and we think corporate tax cuts are unlikely in the absence of […]

By Kanishka Singh WASHINGTON (Reuters) -President-elect Donald Trump said on Sunday that Stephen Miran, a Treasury Department adviser in his first administration, would be the chair of his Council of Economic Advisers. The council advises the president on economic policy and is composed of three members, including the chair. The council assists in the preparation

WASHINGTON (Reuters) – President-elect Donald Trump on Sunday named Katie Miller, who served in Trump’s first administration and is the wife of his incoming deputy chief of staff, as one of the first members of an advisory board to be led by billionaire allies Elon Musk and Vivek Ramaswamy that aims to drastically slash government

(Reuters) -European Central Bank (ECB) President Christine Lagarde said the euro zone was getting “very close” to reaching the central bank’s medium-term inflation goal, according to an interview published by the Financial Times on Monday. Earlier in December, Lagarde had said the central bank would cut interest rates further if inflation continued to ease towards

TAIPEI (Reuters) – Taiwan’s cabinet warned on Monday the island’s security might be at risk after opposition parties passed laws that will require cuts in government spending, including defence, at a time when China has ramped up military activity nearby. Taiwan’s opposition parties, which hold a majority in parliament, last week passed legislation to shift

By John Revill ZURICH (Reuters) – Swiss business welcomed a new deal to overhaul the country’s relationship with the European Union, bringing Christmas cheer to an economy that is set to be one of Europe’s most resilient in a challenging 2025. Corporate lobbies, economists and firms say the agreement unveiled on Friday stabilises relations with

TOKYO (Reuters) – Former Bank of Japan Governor Haruhiko Kuroda will become an adviser at the Japan Center for Economic Research from January, the non-profit, private think tank said on Monday. At the start of his decade-long tenure at the central bank that ended in April 2023, Kuroda deployed massive monetary stimulus to fire up

Apple’s sales, UK growth, Trump’s threats – what’s moving markets

Investing.com — The U.S. narrowly avoided a government shutdown after Congress passed a spending extension until March 14, 2025, with $100 billion allocated for disaster relief and $30 billion for agricultural aid. But while this measure prevents an immediate crisis, Goldman Sachs warns that larger fiscal issues loom on the horizon. One of the major

BEIJING (Reuters) – China’s domestic demand is gathering pace as cautious consumers increasingly choose to rent items from cameras to handbags rather than buying them, the official People’s Daily said, though government data tell a different story. The rise of the “rent, not buy” model has injected new impetus into the world’s second-largest economy, the