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Oil and gas prices are set to fall amid an onslaught of steep tariffs under Donald Trump, according to Bank of America strategist Francisco Blanch. Blanch says the president-elect's proposed tariffs will likely curb global trade, driving down oil and gas prices in the process. "America first means commodities second, and I think we kind of start from that point," he said in a Monday interview with Bloomberg Television. Trump has floated proposals of sweeping tariffs of 10% to 20% on all count ...Read More >
US stocks traded mostly higher on Monday, partly driven by a surge in Tesla. Tesla stock jumped as much as 9% after a report said the incoming Trump administration was planning to ease regulations on autonomous vehicles. The Nasdaq 100 led the market higher, ending a five-day losing streak, while the S&P 500 gained slightly and the Dow Jones edged lower. The gains in the Nasdaq on Monday come after last week's more-than-3% decline, which was exacerbated by comments from Fed Chairman Jerome Po ...Read More >
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