Trump Sanctions: Top US Law Firms Hesitant to Back Perkins Coie The Trump administration’s sanctions on top law firms have sparked a divide in the legal community, with many firms hesitant to publicly challenge the executive orders. In a recent development, none of the top 20 law firms in the US have offered their “unconditional … Read more
US Tourism Industry Faces Uncertainty as Border Enforcement Tightens The United States tourism industry is facing a growing concern as the country’s border enforcement becomes increasingly restrictive. Recent cases of detention and deportation have raised questions about the treatment of visitors, with some countries issuing travel warnings to their citizens. According to immigration lawyers, non-citizens … Read more
Indonesia’s financial markets are exhibiting signs of strain, casting a pall over the upcoming major Eid holiday, a period typically associated with heightened consumer spending and economic optimism. The confluence of market volatility and broader economic anxieties is notably impacting sentiment among consumers, businesses, and retail investors in this key Southeast Asian economy. The recent … Read more
More than 1,000 people have been confirmed dead after a powerful 7.7-magnitude earthquake struck Myanmar on Friday. Officials report over 2,300 injuries, with around 30 individuals still missing. The worst-hit area is Mandalay, Myanmar’s second-largest city, where thousands of buildings—including homes, temples, and monasteries—have collapsed. International Aid and Ongoing Rescue Operations • Several countries, including China, … Read more
The latest edition of David Westin’s Wall Street Week newsletter provides a compelling juxtaposition of managing unpredictability in two vastly different yet equally complex arenas: the realm of U.S. politics under a returning Trump administration and the high-stakes world of dealing with unpredictability in launching a blockbuster video game like Grand Theft Auto VI. Connecticut … Read more
An unusual trend is emerging in the financial markets: the US dollar is weakening, even during periods when investors typically seek its safety. President Donald Trump’s policies, characterized by increasing tariffs and a reversal of globalization, are cited as the cause for this erosion of confidence in the currency. Over the past three months, the … Read more
CoreWeave Inc., a cloud-computing provider backed by Nvidia Corp., went public, raising $1.5 billion, which was 40% lower than its initial target. Don’t forget: CoreWeave’s trading debut extends IPO malaise. The IPO was considered a disappointment as shares sold for $40, below the marketed price of up to $55, and closed at $40, giving the … Read more
Chinese President Xi Jinping has called on global business leaders to oppose protectionism, positioning China as a dependable ally in the face of increasing opposition to rising US tariffs. In a veiled critique of Donald Trump’s trade policies, Xi emphasized China’s stability and pledged to enhance market access while addressing the concerns of foreign investors. These … Read more