I don't really understand the natural order of impact or if someone could enlighten me. By saying that US is willing to declare "victory" or end the war without opening the Straits of Hormuz, wouldn't this in fact be even worse for the stock markets and better for oil prices? The recent rout of the equities market is because of the oil supply shock. By not pushing the reopening of the straits as a war objective should only exacerbate the current issue.
Well on one hand POTUS wants the lowering of interest rates but on the other hand, he started his own campaign which caused inflation to rise and hence diminishing any prospects of lowering interest rates. Well-done.
Trump Escalates Attack on Powell, as Questions About Fed Chair Transition Continue
President Donald Trump continued his pressure campaign on the Federal Reserve on Thursday, signaling his support for the investigation of the central bank's chair, Jerome Powell.Trump's remarks, however, could escalate the legal feud that is threatening to derail the confirmation of his chosen successor for Fed chair and extend Powell's tenure well beyond its scheduled end.Powell said Wednesday he won't leave the Fed until the Justice Department's investigation of him is over, and a continuation of the probe could also have a negative domino effect for Trump's nominee for Fed chair, Kevin Warsh.Speaking during an Oval Office news conference Thursday, Trump lambasted Powell and again alleged criminal wrongdoing in the costly renovation of the Fed's Washington headquarters, which is at the heart of the Justice Department's investigation into Powell and the central bank.But Trump made it clear Thursday he has no intention of backing down from his campaign to discredit Powell, whom he has
BEIJING, April 13 (TMTPOST) — Chinese e-commerce giant Alibaba Group’s cloud arm Alibaba Cloud is undergoing major senior management changes, according to a news report from Leiphone.com. Alibaba Cloud China’s president and several other high-level core members are resigning from the company, Leiphone.com reported, citing several sources. Alibaba Cloud China’s president Ren Geng (level M6) will be leaving the company. The company’s vice president Huang Haiqing will replace Ren as the new president, overseeing 16 regions in the Chinese market. Ren joined Alibaba in 2018, answering directly to Alibaba Group’s vice president Cai Yinghua. Huang had worked for a number of tech giants, such as Dell, IBM, Oracle and Tencent Cloud. Cai previously worked as the president of Huawei Enterprise Busine