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Real-time News
On October 16th, CNBC reported that Nvidia and Cisco confirmed on Thursday that they had donated millions of dollars to the renovation project of Trumps White House banquet hall. An Nvidia spokesperson stated, "As an American company, our support for the United States is paramount and independent of any commercial interests." According to The Washington Post, Amazon, Palantir, ServiceNow, Meta, and Microsoft also donated millions of dollars each. Cisco and ServiceNow each confirmed donating $5 million. Nvidia and Apple each pledged $25 million to the project, the largest donations among the largest. The donations are transferred through a non-profit trust, and donors receive a pledge form to contribute to the "Donald J. Trump Banquet Hall." US lawmakers and experts have repeatedly questioned the donations to the project and demanded disclosure of information about private donors. Some have also expressed concerns about the potential impact of these pledges on policy decisions or the awarding of federal government contracts.On October 16th, Futures reported that the main apple futures contract fell below the 6000 mark, with a daily drop of over 3%, the first time since September 2021.ECB Governing Council member Winsch: Rising long-term yields do not mean the ECB has ended its rate hikes.On October 16th, Christine Freeland, former Deputy Prime Minister of Canada and current economic development advisor to the President of Ukraine, wrote that while the American business community helped Trump secure a re-election in 2024, as his political influence wanes, some are beginning to recognize the benefits of globalization and the risks of wealthy populism. Trump may not only suffer a crushing defeat in the midterm elections, but his hardline approach to war and trade has also harmed business interests. JPMorgan Chase CEO Jamie Dimon, who previously endorsed Trumps stance on several key issues, publicly called for a broad free trade agreement between the US and the EU a few weeks ago, contradicting White House policy. A midterm election defeat for Trump could lead to more business leaders publicly expressing their discontent. Trumps stance on Ukraine could be the final straw for a shift in business attitudes, with former Vice President Pence, former Ukraine envoy Kellogg, and six Republican senators all publicly opposing him.Bank of Japan Governor Kazuo Ueda (with a speech read by Deputy Governor Shinichi Uchida): The impact of rising costs has begun to show in consumer prices.
