Wall St Warrior

Bessent: Carbon tariffs could be part of an overall tariff program

WASHINGTON (Reuters) – President-elect Donald Trump’s pick for U.S. Treasury Secretary, Scott Bessent, told U.S. senators on Thursday he is interested in potentially enacting tariffs on carbon emissions. “It’s a very interesting idea that could be part of an entire tariff program,” Bessent told the Senate Finance Commmittee, “President Trump hasn’t taken office yet but…

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Chinese app RedNote gained millions of US users this week as ‘TikTok refugees’ joined ahead of ban

By Katie Paul NEW YORK – Chinese social media app RedNote, known in China as Xiaohongshu, gained nearly 3 million U.S. users in one day earlier this week as a flood of self-proclaimed “TikTok Refugees” joined, according to new data from analytics firm Similarweb. The Chinese-language app had about 3.4 million daily active users across…

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US strengthens restrictions on advanced computing chips to prevent diversion to China

WASHINGTON (Reuters) – The United States strengthened restrictions on advanced computing semiconductors on Wednesday to prevent the diversion to China of high-end chips, the Commerce Department said. The new rules impose broader licensing requirements for chip factories and packaging companies seeking to export certain advanced chips, it said. They build on earlier measures aimed at…

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Bank CEOs expect Trump bump to business as profits surge

NEW YORK (Reuters) -Wall Street CEOs voiced confidence on Wednesday that the incoming U.S. administration would be business-friendly and good for banks as they reported a profits surge after dealmaking and trading picked up. The market environment has already been favorable for banks, with buoyant equity markets and anticipation that President-elect Donald Trump will usher…

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