President-elect Donald Trump’s victory on a protectionist platform promises significant changes to global trade, including a proposed 60% tariff on Chinese imports and up to 20% on other goods. While economists warn of potential inflation and global economic risks, Wall Street has reacted positively, leading to a stock market rally. As world leaders seek to navigate the implications of Trump's trade agenda, a live Q&A session will address the anticipated transformations in global trade and financial markets.
Corporate America's landscape could shift significantly under a second Trump administration, particularly in Wall Street, tech, and energy sectors. Experts discuss potential winners and losers, including the impact on the renewables sector and the historical context of Wall Street's reaction to Trump's policies. Follow key analysts for ongoing insights and updates.
Franklin Templeton faces unprecedented outflows, losing over $37 billion from its troubled Western Asset Management unit amid investigations into alleged trading misconduct by co-CIO Ken Leech. The firm, once poised to benefit from falling interest rates, now struggles with reputational damage and poor performance, leading to significant client withdrawals and a projected $31 billion in net outflows for the quarter. As competitors gain traction in fixed income, Western's future remains uncertain, with many investors seeking new management options.
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