Trump appears with Rolex CEO at U.S. Open even as 39% tariff set to pummel Swiss watch imports
President Donald Trump reportedly attended the U.S. Open this weekend at the invitation of the watchmaker.
Economic news
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Russia’s Rosatom says planning to sell renminbi bonds in China
Confirmation of nuclear monopoly’s plans come as Beijing opens way for first Russian ‘panda bond’ sales since 2017
Traders see a chance the Fed cuts by a half point
Traders are leaving open the option that the Federal Reserve next week could cut its key interest rate by half a percentage point.
Packaging group surges 5,000% on plan to buy Altman-backed Worldcoin tokens
Eightco Holdings raises $270mn to buy crypto coins linked to OpenAI chief’s digital ID project
Aberdeen suffers blow as Phoenix Group pulls £20bn of funds
Move comes as chief executive Jason Windsor seeks to revive asset manager after years of outflows
Worker confidence in finding a new job hits record low in New York Fed survey
In the latest sign of trouble for the U.S. labor market, confidence in the ability to move from one job to another has hit a record low.