Business news

Donald Trump says he will leave if Joe Biden’s victory is confirmed

Donald Trump has vowed to leave the White House if and when Joe Biden is confirmed as president – the closest he’s come to conceding defeat in this month’s presidential election. Speaking to U.S. troops on Thursday to mark Thanksgiving, the president reiterated his baseless claims about widespread fraud in this month’s election, which Biden… Continue reading Donald Trump says he will leave if Joe Biden’s victory is confirmed

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Donald Trump pardons Michael Flynn

Donald Trump on Wednesday issued a full pardon to Michael Flynn, his former national security advisor who pleaded guilty to lying to federal investigators about conversations with the Russian ambassador. “It is my Great Honor to announce that General Michael T Flynn has been granted a Full Pardon. Congratulations to @GenFlynn and his wonderful family, I… Continue reading Donald Trump pardons Michael Flynn

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Wall Street’s advice to Trump: give it up

Welcome to the Due Diligence briefing from the Financial Times. Not a subscriber? Sign up here. Drop us a line and join the conversation: Due.Diligence@ft.com. One scoop to start: The AA, the heavily-indebted UK roadside recovery group, has agreed terms of a sale to two private equity groups, Warburg Pincus and TowerBrook. A deal could… Continue reading Wall Street’s advice to Trump: give it up

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Trump TV: brought to you by private equity

Coming up: Join DD’s Robert Smith for a look back at some of the most high-profile accounting scandals in recent years with Carson Block, the short-seller behind Muddy Waters Research. Be sure to register here. ‘MAGA’ M&A: investors target TV for Trump fans After 14 seasons of The Apprentice, Donald Trump is no stranger to… Continue reading Trump TV: brought to you by private equity

Business news

Stocks rise as Trump hints at smooth transfer of power to Biden

Global stocks rallied after Donald Trump said his administration would cooperate with President-elect Joe Biden’s transition team and another Covid-19 vaccine yielded positive results. Japan’s benchmark Topix index rose 2.2% early Tuesday, hitting its highest level in two years, after traders returned from a long weekend. Australia’s S & P / ASX 200 climbed 1.1%… Continue reading Stocks rise as Trump hints at smooth transfer of power to Biden

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GM pulls support for Trump challenge to California emissions standards

General Motors is backing away from the Trump administration’s court fight over California’s vehicle emissions standards, as Democrat Joe Biden prepares to take over the White House and the carmaker makes a push to dominate the US market for electric vehicles. Mary Barra, chief executive, sent a letter to environmental groups on Monday saying the… Continue reading GM pulls support for Trump challenge to California emissions standards

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Michigan certifies election results in blow to Trump

Donald Trump faced further Republican resistance to his attempt to overturn the results of the election on Monday as a Michigan board certified the state’s ballots and another GOP senator rejected his claims of widespread voter fraud. Mr Trump’s options to challenge Joe Biden’s victories have been rapidly dwindling as states have moved to certify… Continue reading Michigan certifies election results in blow to Trump

Business news

US business leaders pressure Donald Trump to start transition to Joe Biden

US business leaders are stepping up pressure on Donald Trump to transition to Joe Biden’s administration, warning that further delays threaten US attempts to control public health and economic crises caused by Covid-19. Larry Fink, President and CEO of BlackRock, and David Solomon, President and CEO of Goldman Sachs, joined more than 160 executives to… Continue reading US business leaders pressure Donald Trump to start transition to Joe Biden