US shares, Bitcoin hit record high and dollar soars on Trump win
www.bbc.com
The result could have a far-reaching implications for tax and trade policy, as well as economies around the world.

Summary

The U.S. dollar surged 1.5% and Bitcoin hit a record high after Donald Trump’s projected election victory, as markets anticipate pro-business policies, tax cuts, and inflationary pressures.

Global stocks also rose, with Japan’s Nikkei up 2.6% and Australia’s ASX 200 up 0.8%. Trump’s plans to make the U.S. a “cryptocurrency capital” and potentially increase trade tariffs, especially on China, are fueling market reactions.

Investors are now awaiting the U.S. Federal Reserve’s interest rate decision and China’s economic strategy announcement, as uncertainty looms over global trade and inflation.

  • PriorityMotif@lemmy.world
    3·
    12 days ago

    Same thing as last time, protests over issues and police having a field day shooting protesters with non lethal ammo (for now) also right wingers open carrying rifles again hoping to get the chance to shoot someone. Big possibility of more people getting arrested for relatively iniccucous behavior like teaching certain subjects, books, pornography and sodomy will probably be banned. Lots of culture war shit to mask the deregulation. Eventually it will impact everyone in a way but that didn’t stop the Vietnam war either.