Donald Trump's presidency is likely to strengthen the US dollar, which could suppress global trade and complicate inflation abroad, a think tank researcher says, warning that a stronger dollar could unleash chaos in global markets. Without much scope for a negotiated decline in the dollar, more chaotic alternatives seem likely.
Open FlipWarren Buffett's Berkshire Hathaway trimmed stakes in 📌Apple and 📌Bank of America, while taking new positions in 💰Domino's Pizza and 💰Pool Corp., and building its cash holdings to a record $320.3 billion in the third quarter. The moves were part of a series of shareholding adjustments—disclosed in regulatory documents filed late Thursday.
Open FlipPony.ai Inc. aims to raise up to $195 million in its US initial public offering, with a price range of $11 to $13 per share, implying a market value of $4.5 billion. The autonomous driving startup has received commitments from investors including Guangzhou Automobile Group and ComfortDelGro Ventures to purchase up to $75 million worth of shares.
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