Bitcoin soars past USD 100,000 ahead of possible early action on crypto by Trump

Bitcoin soars past USD 100,000 ahead of possible early action on crypto by Trump

Washington: The price of bitcoin topped USD 100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he’s sworn in as president next week. Once a sceptic who said a few years ago that bitcoin “ seems like a scam,” Trump has embraced digital currencies with a convert’s … Read more

Rupee may depreciate 8-10 pc during Trump 2.0, says SBI report

Rupee may depreciate 8-10 pc during Trump 2.0, says SBI report

New Delhi: The rupee may depreciate 8-10 per cent against the US dollar during the Trump 2.0 regime, said a SBI research report, even as the local currency hit its all-time low on Monday. The report, titled US Presidential Election 2024: How Trump 2.0 Impacts India’s and Global Economy, emphasised that the rupee can have … Read more

Donald Trump’s invitation to Chinese carmakers might boost US transition to EVs

Donald Trump’s invitation to Chinese carmakers might boost US transition to EVs

While the former president has previously only taken hits at EVs – saying that they will “kill” the US auto industry and that he would rescind federal support for them – he now strikes a more flexible tone. They’re “incredible” but “not for everybody”, he said, after meeting Tesla’s chief executive Elon Musk. For Trump, … Read more