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[hfe_template id='11223'] [ad_1] The stock price of former President Donald Trump's social media company has swung up and down over the past few weeks, but it may be in for an even wilder ride. No stock is more directly linked to Tuesday's election than Trump Media & Technology Group, the parent company of Truth Social. And the outcome of the race will have big ramifications for investors and for Trump, whose 57% stake in the company is currently valued at $3.9 billion. If Trump is victorious, it could drive traffic and badly needed advertising dollars to Truth Social, which has become the former president's main online megaphone for promoting himself and attacking his political foes. A victory by Trump could also provide a big jolt to shares of Trump Media and reward the more than 600,000 individual investors who make up its most loyal shareholders. But if Vice President Kamala Harris wins, shares of the company that bear Trump's name are likely to ...

[hfe_template id='11223'] [ad_1] China's currency and equities will bear the brunt of a protectionist shift in the U.S. and are seen trading sensitively to the election's trade and foreign policy implications. Investors say a win for Donald Trump, particularly if accompanied by a Republican sweep of Congress, is expected to squeeze the yuan and shares in export sectors. A victory for Democrat Kamala Harris is likely to result in opposite trades. Here are how investors see markets moving: DOLLAR/YUAN TO 7.3 ON RED SWEEP China's currency is tightly managed. Still, or perhaps because of that, it is expected to fall if the U.S. hikes tariffs on Chinese goods. Analysts see it sliding to 7.3 per dollar or beyond should Trump - who promises dramatically higher tariffs - win the presidency and especially if Republicans control Congress and the White House. In the lead up to polling day the currency has come under pressure, with exporters reluctant to sell dollars,...

[hfe_template id='11223'] [ad_1] The Federal Reserve’s move to slash interest rates reverberated across the 2024 presidential race as Democrat Kamala Harris hailed the move as a boon for middle class families while Republican Donald Trump suggested the cut may have been politically motivated. The heated rhetoric over the Fed’s decision to lower its benchmark interest rate by a half percentage point highlighted how the central bank — an independent institution whose Chair Jerome Powell has pledged not to allow political pressures to influence decision making — could be swaying the momentum of the 2024 presidential race with just seven weeks until Election Day. The dueling narratives also underscored the extent to which the economy and interest rates have rapidly become a focal point in the race, with both parties seeking to use the move to bolster their election standing. Trump, speaking at a campaign stop at a bar in Manhattan, framed the cut as a “very unusual number” a...

[hfe_template id='11223'] [ad_1] Asian stocks wobbled on Wednesday as investors gear up for U.S. inflation data and an eagerly awaited U.S. presidential debate, while oil prices loitered around three-year lows on concerns over a weak demand outlook. Democratic Vice President Kamala Harris and Republican presidential candidate Donald Trump will meet in their first and perhaps only debate, a clash that could prove pivotal in their battle for the White House. Harris' late entry in the presidential race after President Joe Biden's withdrawal in July tightened the race, prompting a reversal of trades that were put in place on expectations of a second Trump presidency. While the debate, due to start at 0100 GMT, is unlikely to sway near-term monetary policy, investors will keep an eye on whether either candidate talk about fiscal policies and plans for the economy. That has left investors skittish in Asian hours, with MSCI's broadest index of Asia-Pacific shares ...