Traders Hunt for the Next Argentina With Trump Sway Shaping Bets

This week, President Donald Trump met with New York Mayor-elect Zohran Mamdani, highlighting unexpected similarities between them. Concurrently, Nvidia reported its Q3 2026 earnings, exceeding expectations, which initially boosted market sentiment. However, Bitcoin experienced a significant crash, and concerns arose regarding the Federal Reserve's potential interest rate cuts, leading to volatility in the markets.

Finnish President Alexander Stubb, alongside Italian leader Giorgia Meloni, has engaged in discussions with former US President Donald Trump regarding a 28-point peace plan aimed at resolving the ongoing conflict in Ukraine. Stubb, who has a favorable rapport with Trump, refrained from disclosing specific details about their conversation during an interview at the Group of 20 leaders meeting in Johannesburg. He emphasized the need for patience in peace negotiations and noted that European nations were not previously informed of Trump's proposal.

President Donald Trump's latest diplomatic efforts in Ukraine focus on securing financial agreements as part of his peacemaking initiatives. This approach reflects his ongoing strategy to leverage dealmaking in shaping U.S. foreign policy.

US President Donald Trump has decided to remove a significant tariff on Brazilian coffee and beef, potentially providing relief to American consumers facing high prices for these staples. This move is part of efforts to combat inflation and improve market conditions.

The Congressional Budget Office (CBO) has reduced its estimate of tariff savings by $1 trillion, a significant adjustment to President Donald Trump's claims that his tariff policy would generate trillions annually. This revision reflects ongoing concerns about the economic impact of tariffs and their effectiveness in reducing the federal deficit.