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Some megadonors support Trump super PAC as it backs him for president
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Some megadonors support Trump super PAC as it backs him for president

Former President Donald Trump may have lost the support of Blackstone CEO Steve Schwarzman but a super PAC that will back Trump’s latest run for the White House has quietly amassed a small group of megadonors that could be key to financing their efforts to bolster his 2024 campaign. Make America Great Again Inc., a super PAC run by former Trump aids and allies, recently raised over $40 million, mostly from a massive donation from Trump’s PAC, Save America, according to a Federal Election Commission filing. Yet, the latest disclosure, which shows fundraising for the super PAC from Oct. 20…
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Helping Ukraine is ‘self-preservation,’ finance chief says
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Helping Ukraine is ‘self-preservation,’ finance chief says

FRANKFURT, Germany (AP) — Ukraine’s finance minister says crucial Western financial support is “not charity” but “self-preservation” in the fight to defend democracy as his country deals with growing costs to repair electrical and heating infrastructure wrecked by Russian attacks. Serhiy Marchenko also told The Associated Press in an interview Thursday from Kyiv that he believes European Union officials will sort out a dispute with Hungary that has blocked a key 18 billion-euro ($18.97 billion) aid package, which would cover much of Ukraine’s looming budget gaps. Marchenko said financial support for Ukraine is tiny compared to what developed countries spent…
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Malaysian PM Anwar to become finance minister in the new Cabinet
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Malaysian PM Anwar to become finance minister in the new Cabinet

KUALA LUMPUR. Malaysia (AP) — New Malaysian Prime Minister Anwar Ibrahim said Friday he will also serve as finance minister as he unveiled a leaner Cabinet with many new faces in his unity government. In a move that appeared to contradict his anti-corruption platform, Anwar named the graft-tainted head of a smaller bloc as one of his two deputies. Malaysian politics took an unprecedented turn after a Nov. 19 general elections failed to produce an outright winner. Anwar’s Alliance of Hope led with 82 seats but fell short of the 112 needed for a majority, while an Islamic nationalist bloc…
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Wharton professor Jeremy Siegel says the stock market has bottomed and bond yields have peaked with the Fed likely to stop tightening soon
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Wharton professor Jeremy Siegel says the stock market has bottomed and bond yields have peaked with the Fed likely to stop tightening soon

Jeremy Siegel, professor of finance at the Wharton School, University of Pennsylvania.REUTERS/Steve MarcusWharton professor Jeremy Siegel believes the stock market has bottomed and bond yields have peaked.Siegel told CNBC on Tuesday that last week’s CPI report and this week’s PPI data move up the schedule of a Fed pivot.“They’re probably going to go 50 basis points, but that should be the absolute pause,” Siegel said.Bond yields have likely peaked and the stock market won’t retest its bottom, Wharton professor Jeremy Siegel told CNBC in an interview on Tuesday. His confidence stems from the fact that on-the-ground…
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