The ‘Trump trade’ is on pause. Political uncertainty is now in the driver’s seat

The ‘Trump trade’ is on pause. Political uncertainty is now in the driver’s seat


US President Joe Biden walks to the White House in Washington, DC, on July 7, 2024, after attending campaign events in Pennsylvania. 

Chris Kleponis | Afp | Getty Images

It didn’t take long to remember what a second Donald Trump presidential term would mean for the stock market, did it? Unpredictability. Random attacks. No one safe. Mercurial positions. The only difference? Former Vice President Mike Pence meant nothing. He was supposed to mean nothing.



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Pentagon halts weapons shipment to Ukraine amid concerns over U.S. stockpile
World

Pentagon halts weapons shipment to Ukraine amid concerns over U.S. stockpile

Defense Secretary Pete Hegseth has ordered a pause in sending a shipment of missiles and ammunition to Ukraine amid concern about the U.S. military’s stockpiles, according to two defense officials, two congressional officials and two sources with knowledge of the decision. Hegseth ordered the delay weeks after he issued a memo ordering a review of […]

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Santander doubles down on UK presence amid Spain’s banking M&A turmoil
World

Santander doubles down on UK presence amid Spain’s banking M&A turmoil

A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images In one move, Santander has silenced months of speculation over it’s allegiance to the British high street – and complicated a year-long consolidation saga in Spain’s banking sector. On Tuesday, Spain’s […]

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CNBC’s The China Connection newsletter: A slowing economy meets a fast future
World

CNBC’s The China Connection newsletter: A slowing economy meets a fast future

Employees at a coal mine in China’s Shaanxi province sit in an office to use digital systems for mining work, according to a photo taken on April 26, 2023, during a media tour organized by Chinese telecoms giant Huawei. Wang Zhao | Afp | Getty Images This report is from this week’s CNBC’s The China […]

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