Hedge fund mogul John Paulson has raised alarms about Kamala Harris's potential impact on the U.S. economy if she wins the presidency in November.
Paulson, managing a $9 billion fund, has warned that he might withdraw his investments and shift to cash and gold due to concerns over Harris’s proposed economic policies.
He believes her plans, including a 25% tax on unrealized gains, could lead to market turmoil and a quick recession.
Paulson favors Donald Trump’s economic policies, arguing they better support the middle class and drive economic growth.
He highlights that wages increased under Trump, whereas under Biden, inflation has hurt real wages and exacerbated financial strain on average Americans.
Other notable figures, including Warren Buffett and Elon Musk, share concerns about a Harris presidency. Buffett has been liquidating stocks, while Musk predicts worsening economic conditions and greater government control.
Goldman Sachs now expects the Federal Reserve to begin cutting interest rates sooner than previously anticipated, forecasting the first reduction as early as September 2025.
Lithuania’s central bank has reached out to Robinhood for further details regarding its newly launched stock token products, following a public distancing by OpenAI from the initiative.
As President Trump accelerates his tariff strategy ahead of the August 1 deadline, new White House letters reveal formal trade warnings sent to multiple nations, including Tunisia, Cambodia, Indonesia, and others.
United Arab Emirates authorities have formally denied reports linking Toncoin (TON) ownership or staking to long-term visa eligibility, calling the circulating claims inaccurate and misleading.