Latest News
-
Asian stocks fall as nervous markets await the Fed
Asian stocks fell on Tuesday and the dollar remained steady as investors braced themselves for a?cut in U.S. rates this week. The yen remained calm after an earthquake that rocked Japan’s northeast region, though the impact was minimal. Investor sentiment remains cautious as the markets await a number of central bank meetings. This includes a decision that is expected to be made by the Reserve Bank of Australia. All three banks, the RBA, SNB, and Bank of Canada, are expected to keep rates unchanged this week. The Federal Reserve, on the other hand, is expected to reduce borrowing costs Wednesday. Bond investors are preparing for a short-term easing cycle in the U.S., following the Fed's rate cut of December. Wall Street banks expect fewer Fed rate cuts in 2026 due to lingering concerns about inflation and the expectation of a more resilient U.S. economic. Stocks are now trading in a sideways fashion. MSCI's broadest Asia-Pacific share index outside Japan fell 0.28% after a weak session overnight on Wall Street. Japan's Nikkei fell by 0.08%, while South Korea’s Kospi dropped by 0.58%. Prashant Nnewnaha, senior Asia-Pacific rate strategist at TD Securities said: "The low-hanging fruits from risk management reductions are likely over. Chair (Jerome Powell)'s presser will likely convey a more conservative approach moving forward?regarding further policy recalibration." The dot plot will likely show one reduction in 2026. If the dot plot showed two cuts next year, this would be "dovish." Some strategists believe that the Fed's Policy Committee could be divided, even though a rate reduction is expected. The meeting is also being held in the context of a heightened interest from the market on who will replace Powell as Fed Chair when his current term ends next May. Kevin Hassett, White House Economic Advisor and leading contender for the Fed chair role, said in an exclusive interview that the Fed must continue to reduce interest rates. According to LSEG, traders are pricing 77 basis point of easing at the end of next. David Mericle is the chief U.S. economics at Goldman Sachs. He expects that the Fed will raise the bar on further rate cuts. Powell will also be cautious. "But the FOMC can't box itself in, especially at a time where we have two outdated employment reports, as a January reduction could be appropriate." Asian chip stocks shook after U.S. president Donald Trump announced that the United States would allow Nvidia H200 processors - its second best artificial intelligence chips - to be?exported to China, and collect a 25 percent fee on such sales. China's CSI Semiconductor Industry Index fell about 1% during early trading. The dollar remained mostly stable in Tuesday's currency market. The dollar was mostly steady on Tuesday. The dollar index (which measures the U.S. money against six other currencies) was 99.09. The index has fallen by nearly 9% in the past year and is on track to have its biggest annual decline since 2017. The Australian dollar was stable at $0.6625 before the RBA's policy announcement later that day. It is expected that the central bank will maintain its current rate, but markets are worried about any hawkish comments in the commentary. After a sharp decline immediately following the earthquake, the yen traded at 155.87 to the dollar during early Asian hours. The Japanese authorities lifted the tsunami warnings Tuesday, hours after a powerful 7.5-magnitude quake shook northeastern Japan, injuring 30 people at least and forcing 90,000 residents from their homes. Gold was 0.13% more expensive at $4194.11 an ounce, ahead of the Fed's meeting. Oil prices stabilized after a 2% drop in the previous session, as traders kept an eye on the peace talks that are expected to end Russia's conflict in Ukraine. Brent crude futures remained flat at $62.48 per barrel. U.S. West Texas Intermediate Crude was trading at $58.84 a barrel, down by 0.07%. (Reporting and editing by Shri Navaratnam in Singapore)
-
EU strikes agreement to further weaken corporate Sustainability laws
After months of?pressure by companies and governments including the United States, Qatar and others, European Union Members and Parliament reached an agreement early on Tuesday in order to 'cut corporate sustainability laws. These changes will weaken the corporate sustainability requirements for most businesses that are currently subject to them. They were made in response to complaints from certain industries who claim that "EU red tape" and strict regulations hinder their ability compete with foreign competitors. The EU negotiators have agreed that the reporting of social and environmental issues will only apply to companies with more than 1,000 employees, and a net annual turnover exceeding 450 million euros. The threshold for reporting sustainability was set at 450 millions of euros in revenue generated within the EU. According to the agreement, only large EU corporations - those with more than 5,000 employees or an annual turnover of over 1.5 billion euros - are required to conduct due diligence to reduce harm to people and to the environment. Non-EU companies that have a turnover in the EU over?that amount will be subject to the same rules. Before the law can be passed, both the EU Parliament and EU countries must give their formal approval. This is a standard procedure that passes pre-agreed agreements. $1 = 0.8591 euro (Reporting and editing by Christopher Cushing, Michael Perry and Mrinmay Abnett)
-
Oil prices rise, Ukraine peace talks and US interest rate decision are in the spotlight
The oil prices were stable on Tuesday, after falling 2% the previous session. Market participants remained focused on the upcoming decision by the U.S. Federal Reserve on interest rates and on peace talks that could end Russia's conflict in Ukraine. Brent crude futures were down?2 Cents, or 0.03 %, at $62.47 per barrel as of 0101 GMT. U.S. West Texas Intermediate Crude was trading at $58.84 - down 4 cents or 0.07%. The prices of both contracts dropped by over $1 after Iraq re-started production at Lukoil’s West Qurna 2 Oilfield, which is one of the largest in the world. After talks in London between the President Volodymyr Zelenskiy and leaders from France, Germany, and Britain Tim Waterer, chief market analyst at KCM Trade, said that oil is "keeping to a narrow trading range" until we know more about the outcome of the peace talks. If the talks fail, we expect oil prices to rise. However, if there is progress and there is the possibility of Russian energy supply returning to the global market, then the prices are expected to fall," he said. Sources familiar with the issue claim that the Group of Seven and the European Union have been in talks to replace the price cap on Russian crude oil exports by a complete maritime service ban, as a way to reduce Russia's oil revenues. The Federal Reserve policy decision is also due on Wednesday, and the markets have priced in a 87% chance of a rate cut by a quarter point. Analysts at BMI predict that the market will be oversupplied with energy in 2026, causing prices to remain under pressure. BMI said that, "although much depends on OPEC+'s response to lower prices during the first quarter of 2026," we should still see crude prices recovering through the rest of 2026 due to the lower production from U.S. shale activities and steady growth of consumption bringing markets closer into equilibrium. Ashitha Shivprasad, reporting from Bengaluru; and Thomas Derpinghaus.
-
Investors eye Fed rate cut next week; US yields and dollar rise.
U.S. Treasury Yields and the Dollar gained on Monday, as investors prepared for this week's Federal Reserve Meeting, where investors are widely expecting a rate cut. Major stock indexes, however, were lower. Investors also assessed the potential impact of an earthquake with a magnitude of 7.6 that struck Japan's northeast. About 90,000 residents were ordered to evacuate and tsunami warnings which were later downgraded. The iShares MSCI Japan ETF fell by 0.6%. The dollar gained 0.3% versus the yen. The Fed's Wednesday announcement will be key this week. Some strategists believe that the Fed's policy group could be divided, despite the rate cut expected. Investors speculated that this meeting might be the most contentious of recent times. Since 2019, the Federal Open Market Committee had not seen three or more dissents in a single meeting. It has only happened nine times since 1990. Investors awaited signs of a "milder easing than expected". According to CME Group’s FedWatch Tool, 87.4% of investors expect the Fed to cut its policy rate 25 basis points. The markets had priced in a chance of less than 30% until recent comments by Fed officials sparked a change in expectations. Peter Cardillo is the chief market economist of Spartan Capital Securities, a New York-based brokerage. He said that the market may be anticipating that the Fed will indicate that there could be a pause after this rate reduction in the first quarter 2026. JAPAN DELAYS RATE DECISION? After the news of the earthquake in Japan, the dollar rose against yen. Analysts said that depending on the extent of damage caused by the earthquake, the Bank of Japan may delay its expected rate increase next week. The U.S. Dollar Index was also higher. The next BOJ meeting on monetary policy is scheduled for December 18-19 2025. A policy statement and decision are expected to be made the second day. Cabinet Office announced on Monday that Japan's economy contracted more than originally estimated during the three-month period through September. This was mainly due to new data which lowered capital expenditure figures. However, economists say the change in numbers is not sufficient to influence the central bank. The news of the earthquake also boosted U.S. Treasury rates. The yield on U.S. Treasury notes benchmarked at 10 years. Last up 3.1 basis point at 4.17%, after reaching 4,192%. This was its highest level since the 26th of September. It was on course for a third consecutive session of gains. Wall Street saw all major S&P sectors lower, except for technology. Tim Ghriskey is a senior portfolio strategist with Ingalls and Snyder in New York. He said, "The market sold off in the second half November. Since then, we have seen a strong rally." "Today, we've taken a small dip but I do not see anything that will really derail the market." The Dow Jones Industrial Average dropped 215.67 points or 0.45% to 47,739.32. The S&P 500 declined 23.89 points or 0.35% to 6,846.51 while the Nasdaq Composite fell 32.22 or 0.14% to 23,545.90. The S&P 500 is still up 16% so far this year. Investors were interested in Paramount Skydance’s hostile bid for Warner Bros Discovery, as they hoped to outbid Netflix. Netflix shares are down 3.4%. MSCI's global index of stocks fell by 2.69 points or 0.27 percent to 1,008.04. The pan-European STOXX 600 fell by 0.07%. The central banks of?Canada and Australia will also be meeting this week, and are all expected to keep rates unchanged. Swiss National Bank would like to ease rates again to counter the strength of their franc but is already at zero percent and hesitant to go negative. Investors have given up on the Reserve Bank of Australia easing again and are even pricing in a rate increase for late 2026. Energy prices fell by $1.20, with U.S. crude oil settling at $58.88 per barrel after Iraq restored oil production in one of its fields, which accounts for 0.5% world oil supply. Brent futures dropped $1.26 and settled at $62.49 Caroline Valetkevitch reported from New York. Additional reporting was provided by Iain Withers and Wayne Cole, both in Sydney and London, and Alun. John, also in London. Joe Bavier, Aide Lewis and Nick Zieminski edited the story.
-
Investors expect Fed rate cut next week; US yields and dollar rise after Japan earthquake
Investors weighed the possible impact of an earthquake in Japan on the U.S. Treasury yields and the Japanese yen, while the major stock indexes fell. The northeastern region of Japan was shook by a powerful earthquake measuring 7.6 on the Richter scale, prompting tsunami alerts and evacuation orders. The iShares MSCI Japan ETF fell 0.7%. Dollar was up 0.3% last against the yen. This week, the Federal Reserve will make an announcement on Wednesday. A rate cut is expected by many, but some analysts believe the Fed's Policy Committee could be divided. Investors speculated that this meeting might be the most contentious of recent times. Since 2019, the Federal Open Market Committee had not seen three or more dissenters at a single meeting. It has only happened nine times since 1990. Investors waited for signs of a milder cycle of easing than expected. According to CME Group’s FedWatch Tool, the expectation that the Fed would cut its policy rate 25 basis points is at 87.4%. The markets had priced in less than 30% of a chance until recent comments by Fed officials sparked a change in expectations. Peter Cardillo is the chief market economist of Spartan Capital Securities, a New York-based brokerage. JAPAN DELAY IN RATE DECISION? After the news of the Japanese earthquake, the dollar increased against the yen. Analysts said that depending on the extent of damage caused by the earthquake, the Bank of Japan may delay its expected rate increase next week. The next BOJ monetary meeting is scheduled to take place on December 18-19, 2020, with the statement and policy decision expected the second day. The yield on benchmark U.S. Treasury notes. Last up 2.7 basis point at 4.166% after reaching 4.19% its highest level since 26 September, and on track to a third consecutive session of gains. All major S&P sectors except technology were down on Wall Street. The Dow Jones Industrial Average dropped 297.28, or 0.62 %, to 47 658.70. The S&P 500 declined 35.60, or 0.52 %, to 6,834.83 while the Nasdaq Composite lost 86.67, or 0.37 %, to 23,491.46. Paramount Skydance’s hostile bid for Warner Bros Discovery attracted some investor interest as it sought to outbid Netflix. Netflix shares fell 3.6%. MSCI's global index of stocks fell 3.67 points or 0.36% to 1,007.06. The pan-European STOXX 600 fell by 0.07%. Nikkei soared 90.07 points or 0.18% to 50.581.94. Beijing's diplomatic spat between Tokyo and Beijing worsened after a Chinese carrier-strike group conducted intense air operations in the vicinity of Japan at the weekend. All three central banks will meet this week, and are expected to maintain their current stance. Swiss National Bank would like to ease further to counter the strength of their franc but is already at zero percent and does not want to go below that. The markets have given up on the Reserve Bank of Australia easing again after a string of strong economic data. They even priced in a rate increase for late 2026. Energy U.S. crude fell $1.20, to settle at $58,88 per barrel, after Iraq restored its production at an oilfield that accounts for 0.5% world oil supply. Caroline Valetkevitch reported from New York. Additional reporting was provided by Iain Withers and Wayne Cole, both in Sydney and London, as well as Alun John, in London. Joe Bavier, Aide Lewis, and Nick Zieminski edited the story.
-
Investors show caution as gold prices drop ahead of FOMC meeting
Gold prices fell slightly on Monday as investors were cautious in advance of the U.S. Federal Reserve’s two-day meeting to discuss policy and Chairman Jerome Powell’s remarks. Investors are looking for clues about future monetary policies. By 01:50 pm, spot gold had fallen 0.2% to $4,189.49 an ounce. ET (1850 GMT). U.S. Gold Futures for February Delivery settled 0.6% lower, at $4,217.7 an ounce. Peter Grant, senior metals analyst at Zaner Metals and vice president of the company, said that "the market is waiting on the Fed's decision and more policy guidance." Grant stated that gold remains attractive, as fundamentals are strong and central banks continue to buy. He added that a move towards $5,000 per ounce is achievable in the first quarter 2026. The markets are expecting a rate cut of 25 basis points, and traders see a 90% chance, up from 66% in November. Powell will hold a presser after the Fed's Open Market Committee concludes its meeting Wednesday. The FOMC will announce its final policy of the year. Gold that doesn't yield is more attractive when interest rates are lower. The leaders of France and Germany, as well as the British Prime Minister, showed their support in London for Ukrainian President Volodymyr Zelenskiy, at what they called a "crucial moment" for Kyiv. This was due to U.S. demands that Kyiv agree a peace agreement with Russia. Gold is a safe haven asset that tends to perform well in times of economic and geopolitical instability. Morgan Stanley believes that gold will continue to rise, due to a declining U.S. Dollar, the strong ETF purchases, central bank purchases and demand for safe havens. Silver fell 0.5%, to 57.98 dollars per ounce after reaching a record-high of $59.32 an ounce on Friday. Jim Wyckoff said that silver is normally a close follower to gold. However, in the last few weeks, the price of silver has outpaced gold. He added that the prices would rise above $60 per ounce, and might even reach $70 by the end of the year. Palladium rose 0.2% to 1,460.75, while platinum fell by 0.1%. (Reporting by Sarah Qureshi in Bengaluru; Additional reporting by Arunima Kumar; Editing by Joe Bavier, Shailesh Kuber and Krishna Chandra Eluri)
-
Investors eye Fed rate reduction this week; US yields and dollar increase after Japan earthquake
Investors weighed the possible impact of an earthquake in Japan on the U.S. Treasury yields and the Japanese yen, while the major stock indexes dipped slightly. The northeastern region of Japan was shook by a powerful earthquake measuring 7.6 on the Richter scale, prompting tsunami alerts and evacuation orders. The iShares MSCI Japan ETF fell 0.7%. Dollar was up 0.4% last against yen. This week, the Federal Reserve will make an announcement on Wednesday. A rate cut is expected by many, but some analysts believe the Fed's Policy Committee could be divided. Investors speculated that this meeting might be the most contentious of recent times. Since 2019, the Federal Open Market Committee had not seen three or more dissenters at a single meeting. It has only happened nine times since 1990. Investors awaited signs of a milder cycle of easing than expected. According to CME Group’s FedWatch Tool, the expectation that the Fed would cut its policy rate 25 basis points is at 87.4%. The markets were only pricing in a 30 percent chance of a rate cut, until recent comments by Fed officials sparked a change in expectations. The market may be expecting the Fed to indicate that there will be a pause after this rate reduction in the first quarter 2026. However, I do not subscribe to that," Peter Cardillo said, chief market analyst at Spartan Capital Securities, New York. JAPAN DELAY IN RATE DECISION? After the news of the Japanese earthquake, the dollar increased against the yen. Analysts said that depending on the extent of damage caused by the earthquake, the Bank of Japan may delay its expected rate increase next week. The next BOJ monetary meeting is scheduled to take place on December 18-19, 2020, with the statement and policy decision expected the second day. The yield on benchmark U.S. Treasury notes. The rate rose by 4.9 basis points, to 4.188%. It had previously reached 4.19%. This was its highest level since 26 September. The Dow Jones Industrial Average dropped 159.43, or 0.33 percent, to 47.796.26. The S&P 500 declined 21.37, or 0.30 percent, to 6,849.53, and the Nasdaq Composite lost 40.44, or 0.17% to 23,537.69. The MSCI index of global stocks fell 2.64 points or 0.26% to 1,008.09. The pan-European STOXX 600 fell by 0.11%. Nikkei soared 90.07 points or 0.18% to 50.581.94. Beijing's diplomatic spat between Tokyo and Beijing worsened after a Chinese carrier-strike group conducted intense air operations in the vicinity of Japan at the weekend. All three central banks will meet this week, and are expected to maintain their current stance. Swiss National Bank would like to ease further to counter the strength of their franc but is already at zero percent and does not want to go below that. The markets have given up on the Reserve Bank of Australia easing again after a string of strong economic data. They even priced in a rate increase for late 2026. Energy prices fell by 1.47% to $62.81 per barrel for U.S. crude and 1.53% for Brent. Caroline Valetkevitch reported from New York. Additional reporting was provided by Iain Withers and Wayne Cole, both in Sydney and London, and Alun Johnson in London. Joe Bavier and Aiden Lewis edited the story.
-
German Foreign Minister in China urges to end supply chain uncertainty
German Foreign Minister Johann Wadephul called on Monday to end the uncertainty surrounding vital Chinese semiconductors and rare Earths deliveries to European manufacturers. Wadephul’s first trip to China took place at a time of turmoil for the European industry. The dependence on Chinese suppliers, particularly in strategic chips and rare Earths, has been exposed by Beijing’s export restrictions as global trade tensions have escalated. Wadephul stated that "in all of these fields there was uncertainty and this needs to be removed." Hildegard Müller, the head of Germany's VDA automobile industry association, was part of a small delegation that accompanied Wadephul in China. Wadephul was forced to Postponement A planned visit last week was cancelled after Beijing only agreed to one of his office's requests. He said that the talks were open and intensive, and that his trip would pave the way for a visit from Chancellor Friedrich Merz in early 2013. He said that "quite some work" is still required to convince Beijing to grant new licences for rare earths to German firms. This indicates that German companies were not among the first batch of licenses announced last Thursday. The U.S.-China Trade War has caused months of disruptions since April when China introduced export controls on minerals that are used in autos, consumer electronics, and defence. Beijing also placed restrictions on certain semiconductors used by the automotive industry following the Dutch government’s decision to ban them. seize control Nexperia, a Chinese-owned chipmaker. China's Minister for Commerce Wang Wentao China said it "valued German concerns" on issues such as export controls and chip but that the Dutch government's "most urgent task" is to stop "improper administration interference and stabilize semiconductor supply chain". The growing surplus of China's trade, as described by French President Emmanuel Macron during his visit to China last week, had already strained relations between Europe and China. Unsustainable TAIWAN Wadephul also met with the Chinese Foreign Minister during his visit. Wang Yi He reiterated China's position regarding Taiwan, and stated that its "One China policy" was a key political foundation in relations. Taiwan's government denies that China considers democratically-governed Taiwan to be its territory. It also rejects the "One China" principle, which states that both sides of Taiwan Strait are part of one country. Wadephul, according to the German Foreign Ministry, will discuss European security concerns, including Russia's invasion in Ukraine, in his meeting Wang. However, there is no indication that China has changed its position. According to a foreign ministry statement, Wang stated that "China will continue to play an active role in promoting peace." Berlin tried to strike a balance between imposing a tougher stance on Beijing in relation to trade disputes and geopolitical conflict, as per European partners, but also trying to maintain its relationship with the top trading partner. The German government established a committee to advise the parliament on "security relevant trade relations" with China. This was part of an effort to reduce Germany's reliance on China for key materials as well as customers of its industrial exports. (Reporting and writing by Alexander Ratz of Beijing Newsroom, Sarah Marsh, James Mackenzie, and Christoph Steitz Additional reporting by Toby Chopra and Gareth Jones; Editing and rewriting by Toby Chopra and Andrew Heavens.
Who is Trump's target?
Donald Trump, the U.S. president, has continued to criticize and take action against corporate executives, institutions and corporations, even months after assuming office. His actions, from new export deals to freezing university grants, have changed the status quo in the United States between government, law and academia.
Trump has publicly criticised a number of influential individuals and entities.
NETFLIX
Netflix has acquired Warner Bros Discovery’s film studios, streaming service and Warner Bros Discovery’s streaming arm for $72 billion. This gives Netflix control over one of Hollywood’s most iconic assets.
After a lengthy bidding war, Netflix's offer of nearly $28 per share beat out Paramount Skydance, who had made several unsolicited offers to purchase Warner Bros Discovery and its cable television assets.
U.S. president
Donald Trump said
He would comment on the proposed merger, citing concern over the combined market share. It's up to some economists to decide .... It is still a large market share. "There's no doubt it could be a serious problem," he said.
The CEO of GUNVOR will step down
Gunvor, a global commodity trading company, announced that its CEO Torbjorn Tornqvist would step down and sell all of his shares in a management-led buyout. This comes after the U.S. labeled the company the "Kremlin’s puppet" because of its previous Russian connections.
The company announced earlier this month that Americas Head Gary Pedersen will take on the top position. Pedersen was hired just last year by the firm.
In November, the U.S. Treasury sank Gunvor's largest ever deal for the acquisition of international assets owned by Russian oil giant Lukoil sanctioned by the U.S.
Pedersen’s promotion coincides Gunvor’s efforts to improve its relations with the U.S. The firm has been in active discussions to invest in U.S. assets producing oil and gas in recent weeks.
GOLDMAN SACHS
Goldman's Economic Research arm published a report in August that stated U.S. Consumers had absorbed 22 percent of tariff costs up to June. Their share could increase to 67%, if recent levies continue the same pattern.
Trump stated shortly after that "David Solomon, and Goldman Sachs, refuse to give credit when credit is due." In a post made on Truth Social.
Trump claimed that "mostly, companies and governments, some of which are foreign, pick up the tab". Solomon's former hobby of DJing was also a target for Trump.
Trump asked Intel CEO Lip-Bu Tang to resign in early August because of China ties. In April, it was reported that Tan had invested $200 million into hundreds of Chinese chip and advanced manufacturing firms, including some linked to the Chinese military.
"The CEO at INTEL has a great deal of CONFLICT and must resign immediately." Trump stated in a Truth Social post that there is no solution to the problem.
Tan replied to Trump by saying that he shared his commitment to the advancement of U.S. economic and national security, and that the Intel Board was "fully supportive" of the transformation work our company is doing.
After a meeting with Tan, Trump praised him and the U.S. Government decided to buy a stake in this chipmaker.
MICROSOFT
Trump said in September that the tech company should fire Lisa Monaco, its global affairs director who has served in previous Democratic administrations.
Trump stated on Truth Social that "she is a threat to the National Security of the United States, especially in light of the large contracts Microsoft has with the United States Government." "I believe that Microsoft should terminate Lisa Monaco's employment immediately."
Trump stated that Monaco's position at Microsoft would give her access to sensitive information. "This kind of access cannot stand," said Trump.
Monaco, who joined Microsoft in July, worked as a security adviser in the administration of former President Barack Obama and was deputy attorney general under former President Joe Biden.
Elon Musk, the billionaire CEO of Tesla's electric car company, spent hundreds of million dollars to support Trump's reelection. Investors who bid up Tesla's stock anticipated that this move would benefit Musk's empire.
Musk and Trump, however, had a falling out in June, after Musk criticised Trump's tax-cutting and spending bill, claiming that it would increase the federal debt.
Musk responded to Trump's comments on Truth Social by threatening to cut off federal contracts and subsidies to Musk's businesses. Trump also said that the billionaire had "gone CRAZY", after the bill was amended to remove the mandate for electric vehicles.
JAGUAR LAND RIDER
Trump criticised Jaguar's rebranding campaign in August. He called the campaign "woke", "stupid" and linked it to the departure from the CEO of the company.
Trump's remarks came at the same time that Tata Motors announced the retirement from the British automaker of Adrian Mardell who had spent over three decades with the company.
Jaguar unveiled last year a new visual identity and logo as part of its brand refresh to reposition itself as an electrical automaker. This move sparked a backlash online and was criticized by brand loyalists.
Trump has repeatedly threatened to impose tariffs on Apple and Tim Cook for selling iPhones in the United States outside of the country.
After a meeting with Cook in Doha, Qatar in May, Trump said that he confronted him about Apple's plans to manufacture the majority of iPhones sold in America in factories in India by 2026.
In a post on social media, Trump said he had told Cook "long time ago" "I expect that their iPhones will be sold in America, and not in India or anywhere else".
Early in August, Trump announced that Apple would invest another $100 billion dollars in the U.S. This will bring its total commitment domestically to $600 billion within the next four-year period. Cook gave Trump an American souvenir made with 24-karat-gold base.
AMAZON.COM
Trump complained to Jeff Bezos, former CEO of Amazon.com in April about a report that stated the company would display the prices to show the impact tariffs have on the ecommerce retailer Amazon.com.
Amazon, however, said that it only briefly considered charging import fees for certain goods following Trump's announcement of tariffs in April, but abandoned the plan after the White House accused Amazon of a hostile political act.
Trump told reporters later that Bezos "very quickly" solved the problem and was "very nice".
BANK OF AMERICA & JPMORGAN CHASE
In August, Trump claimed that JPMorgan CEO Jamie Dimon and BofA CEO Brian Moynihan discriminated against him. He had earlier said that they didn't provide banking services for conservatives.
In a video speech at the World Economic Forum, Trump stated, "What you are doing is wrong." In a question and answer session with CEOs and corporate leaders assembled on stage, Trump did not provide any evidence of wrongdoing.
Dimon, the CEO of JPMorgan Chase was also mentioned. "You, Jamie, and everyone else, I hope that you're going to open your bank up to conservatives." Both lenders have repeatedly denied allegations of "debanking."
WALMART
Trump stated in May that Walmart, China and other retailers should "eat tariffs" to avoid burdening American consumers. This was after Doug McMillon had said that the retailer couldn't absorb all tariff-related cost due to narrow retail margins.
Walmart should STOP blaming tariffs for the price increases across the chain. Walmart made BILLIONS of DOLLARS in the last year. This was far more than anticipated, Trump wrote on social media.
Trump didn't call McMillon out personally but he did publicly criticize Walmart for attributing the price increases in May to tariffs that his administration imposed.
CRACKER BAREL
A retail chain was blindsided by an unexpected reaction when it changed its logo to remove the image of a man in overalls known as "Uncle Herschel", leaning on a barrel.
Cracker Barrel announced in late August that it would stick with its decades old logo. Plans for a brand new one were scrapped after social media backlash from the U.S. president Donald Trump, among others.
"Congratulations Cracker Barrel on changing your original logo. "All of your fans really appreciate it," Trump told Truth Social following the company's change.
COMCAST
Trump criticised Comcast's cable news network MSNBC over its coverage of his government. Trump told reporters that MSNBC was changing its name to MS NOW because the network's owners were ashamed.
Trump called Comcast "weak, ineffective and headed by Brian Roberts" last week.
SMITHSONIAN INSTITUTION
In anticipation of the U.S. 250th Anniversary, the White House announced that it would lead an internal review for some Smithsonian Museums and Exhibitions. Declaration of Independence.
In an executive directive issued in March, Trump stated that the institution was under the influence of "a divisive, race-centered ideologie" over the past few years.
HARVARD UNIVERSITY
Trump has targeted the oldest and wealthiest university in the United States, canceling federal grants worth $2.5 billion and mounting efforts to stop research funding for Harvard. This is part of an overall campaign to change U.S. Universities, which Trump claims are dominated by antisemitic, "radical-left" ideologies.
We are going to remove Harvard's tax exemption status. "It's what they deserved!" In May, Trump posted a message on his social media platform.
Trump announced on September 30, that his administration is close to reaching a deal with Harvard University, which would include a payment of $500 million by the Ivy League school. This comes after months spent negotiating over policies at schools.
COLUMBIA UNIVERSITY
The Trump administration announced in March that it would cancel $400 million of federal funding for Columbia University because of how the university handled protests last year.
This is just the beginning of many arrests to come. "We know that there are many more students at Columbia University and other Universities in the Country who have engaged pro-terrorists, anti-Semitic and anti-American activities, and the Trump Administration won't tolerate it," Trump wrote in a post on social media.
These comments were made after the arrest Mahmoud Khalil, a Palestinian graduate who was a major participant in the protests.
In July, the University announced that it would pay more than $200 million in settlement to the U.S. Government as part of a deal with Trump's Administration.
LAW FIRMS
Trump issued an executive order in March that restricted access to federal facilities and suspended security clearances of its employees due to their ties with Hillary Clinton and DEI policy.
Trump said that it was an "absolute honor" to sign the order. Trump had also issued a similar order in March against the New York law firm Paul, Weiss, Rifkind, Wharton & Garrison, which he subsequently retracted after reaching a settlement.
In February, the law firm Covington & Burling was confronted with Trump's Presidential Memorandum, which suspended all security clearances of Peter Koski, and Covington employees, who had assisted former Special Counsel Jack Smith in prosecuting Trump.
Covington has said that it will continue to represent Jack Smith in spite of these measures.
Trump said, "We will continue to hold those who are responsible for weaponizing government and who supported this accountable."
THE NEW YORK TIMES PENGUIN RANDOM HOUSE
Trump has filed a $15 Billion lawsuit
defamation lawsuit
In September, he filed a lawsuit against the New York Times as well as book publisher Penguin Random House. He accuses these major media companies of unfairly treating him.
THE WALL STREET JOURNAL
Trump sued
The Wall Street Journal, its owners and employees
Rupert Murdoch was sued in July by the New York Times for $10 billion over a report that revealed that his name appeared on a 2003 greeting to Jeffrey Epstein, which included a sexually explicit drawing and references to secrets that they shared. (Reporting by Deborah Sophia, Juveria Tabassum, Niket Nishant, Shivansh Tiwary, Savyata Mishra, Kritika Lamba, Arsheeya Bajwa, Zaheer Kachwala, Puyaan Singh, Pooja Menon and Dharna Bafna in Bengaluru; Editing by Anil D'Silva, Sriraj Kalluvila and Arun Koyyur)
(source: Reuters)