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With sally and World Business report. From Boardroom Chief to commander in chief. Trump hands control of his Business Empire to his sons. But ethical questions will remain for americas richest ever president. Plus i apologize to the south korean people. Samsung Boss Jay Y Lee is questioned in a growing Corruption Scandal welcome to World Business report. Im Sally Bundock well be live in seoul in a moment for the latest on samsung. But first we are in the us where, as youve been hearing, President Elect donald trump has been dismissing claim ....
Cash equivalent funds saw a $160 billion tax-related outflow in the week to Wednesday, according to a Bank of America's weekly report that cites fund flows and asset allocation from data provider EPFR, while U.S. stocks suffered their second week of outflows. Tuesday was the U.S. Treasury's annual tax filing deadline. Investors remain concerned over lofty valuations as markets push back expectations for rate cuts from the Federal Reserve to later in the year. ....
In line with expectations of lower interest rates, the benchmark 10-year Treasury yield fell to a five-month low, while the two-year Treasury yield tumbled to a low not seen in seven months. ....
Are gold’s go-go days here? Bullion bullishness is rising. Advocates anticipate interest rate cuts will further turbocharge its rise. But be careful before acting on that. ....