US SEC Chairman says he’ll resign when Trump is inaugurated

美国证券交易委员会主席称特朗普就职后将辞职

World Business Report

新闻

2024-11-22

26 分钟
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Andrew Peach discussed Gary Gensler’s announcement that he will resign as Chairman of the US Securities and Exchange Commission on the day that Donald Trump takes office. Gensler is known to be a sceptic of crypto currencies unlike the incoming President who received heavy backing from the crypto community during the election. The IG Metall trade union in Germany announces that it will urge workers at Volkswagen to go on strike from December. VW is threatening to shut some of its German factories for the first time in its history. And Swedish battery maker Northvolt has entered Chapter 11 bankruptcy in the USA.
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  • The head of the US Financial regulator Gary Gensler will resign the day Donald Trump becomes president after they fell out over cryptocurrencies.

  • It's led to a field that's rife with fraud and hucksters and grifters and the investing public around the globe has lost too much money.

  • Demonstrations against Volkswagen's cost cutting plans and a strike in 10 days from now with no deal on wages or factory closures.

  • The Swedish firm Northvolt, once Europe's strongest competitor to Chinese battery makers, has filed for bankruptcy.

  • In China, over 50% of the cars being sold are either battery electric or plug in hybrid.