President-elect Donald Trump has come out against a Republican-backed government spending bill, aligning with Elon Musk’s opposition and increasing the chances of a government shutdown. Trump opposes the continuing resolution proposed by Speaker Mike Johnson and is advocating for a streamlined bill without Democrat concessions, according to a source familiar with his stance and a statement from Vice President-elect JD Vance. This development could lead to significant changes in the current government funding negotiations.
Full Article
Bank of Japan holds rates at 0.25%, yen weakens to one month low
The Bank of Japan kept its benchmark interest rate steady at 0.25%, citing the need to evaluate the impact of financial and foreign exchange markets on the country's economic activity and prices. The decision surprised economists who had anticipated a 25 basis point hike, leading to a 0.3% weakening of the yen against the dollar and a 0.74% decline in the Nikkei 225 stock index. The central bank noted a split 8-1 decision, with board...
Read more