Investors are signalling a stronger US economy and the risk of rising inflation under the Trump administration, as robust price gains for precious and industrial metals have this month spurred a rise in miners’ shares. MSCI’s ACWI Metals & Mining index, a broad barometer that tracks companies around the world, has rallied nearly 15 per cent in 2017, the strongest year-to-date showing in more than a decade, […]
During his campaign, President Donald Trump assailed a skilled-worker visa program used to send foreigners to the U.S., and in his inaugural speech Friday he said the country would “follow two simple rules; buy American and hire American.” Indian outsourcing firms are already preparing for potential changes to visa rules, which could present a challenge because they send thousands of workers to the U.S. every year via […]
Having abandoned its venture to lend out roughly $1 billion to legacy Taxi “Medallion” drivers and businesses some two years ago, and shifting its backing over to Uber resulting in many unhappy drivers as well as a handful of lawsuits, Capital One has nonetheless provided a useful spotlight into the troubled state of the traditional “yellow cab” industry by breaking out the details of its runoff commercial […]
By Richard Balmforth | PARIS PARIS The frontrunner in France’s presidential election race, conservative Francois Fillon, acknowledged on Tuesday that his wife had worked for him when he was a legislator, but denied a media report that she had been paid for fictitious employment. Fillon, 62, a former prime minister who is tipped to win the presidency in May, acted quickly to dampen possible scandal after a […]
By John Irish and Andrew Osborn | ASTANA/MOSCOW ASTANA/MOSCOW Peace talks between the Syrian government and opposition in Kazakhstan were a coup for their international sponsors, but exposed the limits of what Russia, Turkey and Iran can achieve in their efforts to resolve the six-year-old war. It was the first time in nine months the two sides had come together, albeit briefly and unhappily, and the first […]
Via GEFIRA, US-centric media are reporting that Japan has become the biggest holder of the US treasuries, surpassing China last month. However, this is true only in regard to single countries. If we consider the European Union member states collectively, then they appear to be the biggest holder of the US treasuries. It has been so almost one year long. Unfortunately, the EU’s holdings are artificially overstated […]
Donald Trump is now president. This challenges many of us, not least members of the press. Countless reporters are still shaken and stunned by how he singled out a CNN reporter, one of the most respected news outlets in the world, to attack and humiliate him during his first press conference since winning the elections. Worryingly, none of his fellow journalists in the room stood up for […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. A fashionista friend in the White House press corps answered this lingering question after Sean Spicer’s much-anticipated first briefing: What exactly was the glaring color of that jacket worn by Kellyanne Conway? “Tomato?” she guessed. Well, it was especially vivid […]
Best Picture Arrival Fences Hacksaw Ridge Hell or High Water Hidden Figures La La Land Lion Manchester by the Sea Moonlight Best Director Denis Villeneuve, Arrival Mel Gibson, Hacksaw Ridge Damien Chazelle, La La Land Kenneth Lonergan, Manchester by the Sea Barry Jenkins, Moonlight Best Actor Casey Affleck, Manchester by the Sea Andrew Garfield, Hacksaw Ridge Ryan Gosling, La La Land Viggo Mortensen, Captain Fantastic Denzel Washington, […]
Johnson & Johnson, the world’s largest healthcare company, blamed a stronger dollar as it forecast that 2017 profits and sales would fall below Wall Street expectations, sending the group’s shares down by more than 2 per cent. Dominic Caruso, chief financial officer, said it appeared that many Wall Street analysts had not updated their models to account “for the negative impacts of currency movement” as J&J became […]
Authored by Paul Craig Roberts, “Racist” is the favorite epithet of the left. Every white person (except leftists) is a racist by definition. As we are defined as racists based on our skin color, I am puzzled why we are called racists a second, third, and fourth time due to specific acts, such as favoring the enforcement of immigration laws. For example, President Donald Trump says he […]
Specifications for ZTE’s new Hawkeye smartphone are being reconsidered after the company learned of disappointed backers of the phone’s crowdsourcing campaign, ZTE’s VP Jeff Yee has admitted in the company’s community page. The specs, which were revealed after the launch of the Project CSX campaign, were considered unsatisfactory by consumers who took a leap of faith and backed the Kickstarter campaign for the smartphone early on. Project […]
SYDNEY The dollar was under pressure in Asia on Tuesday as U.S. President Donald Trump’s focus on trade protectionism fueled suspicions his administration might seek a competitive advantage through a weaker currency. The talk of trade wars favored safe-haven Treasuries and the Japanese yen while leaving equities mixed. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent but Tokyo’s Nikkei slipped 0.3 percent. Sentiment […]
It has been an ‘evolutionary’ year for billionaire Mark Cuban as his perspective has shifted from Trump-is-smart, “I’d be his VP” to Trump terror, “no doubt the market tanks,” to acceptance to reality… 2/16/2016 – I think Trump is smart. I’d be Donald Trump’s VP as long as he said he’s listen to me in everything I said we’d be okay. 9/6/2016 – In the event that […]
By Roberta Rampton and Steve Holland U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies as China’s influence in the region rises. Fulfilling a campaign pledge to end American involvement in the 2015 pact, Trump signed an executive order in the Oval Office pulling the United States from the 12-nation TPP. “Great thing […]
Saudi Arabia’s anti-corruption body has accused executives and employees of Saudi Electricity Company (SEC) of misusing public funds, it said in a statement on Sunday referring the case for prosecution. The National Anti-Corruption Commission, or Nazaha, said it had identified irregularities in eight contracts concluded by the state-controlled utility company’s employees in Eastern Province worth more than 80 million riyal ($21.33 million), mostly involving the purchase of […]
By Roberta Rampton | WASHINGTON WASHINGTON U.S. President Donald Trump met with a dozen American manufacturers at the White House on Monday, pledging to slash regulations and cut corporate taxes, but warning them he would impose taxes on imports if they move production outside the country. Trump, who took office on Friday, promised to bring manufacturing plants back to the United States – an issue he said […]
By most mainstream media accounts, the first weekend of the Trump Administration wasn’t good. Characterized as rocky, erratic, terrible, and full of false claims, the ‘not ready for prime time’ transition team is now the ‘not ready for prime-time administration.’ However, as Bespoke details, by at least one measure, though, the Trump Administration’s transition has been pretty smooth… the smoothest ever for markets. The table below was […]
Having already signed a (mostly symbolic) executive order on Obamacare on Friday night, urging US agencies to “waive, defer, grant exemptions from, or delay the implementation” of provisions deemed to impose fiscal burdens on states, companies or individuals, Trump is preparing to unload a volley of many more executive orders. Courtesy of Axios, which quotes “one of the best-wired Republican lobbyists in town”, here is a preview […]
TOKYO Japanese Prime Minister Shinzo Abe said on Monday he believed U.S. President Donald Trump understood the value of free trade and that he would keep pitching a multinational trade pact that Trump’s administration has vowed to exit. “I believe President Trump understands the importance of free and fair trade, so I’d like to pursue his understanding on the strategic and economic importance of the TPP (Trans-Pacific […]
A billionaire Chinese hedge fund manager has been jailed for five-and-a-half years for market manipulation in one of the country’s highest-profile financial crimes prosecutions since a market rout in 2015. Xu Xiang, an investment guru who used to be compared with Carl Icahn, led a loose-knit group of hedge fund managers from the port city of Ningbo known as the “Limit-up Kamikaze Squad” because of their penchant for […]
Symantec Symantec has confirmed that the company has once again been forced to revoke a batch of faulty certificates. Last week, SSLMate’s Andrew Ayer publicly revealed the discovery of misissued Symantec certificates, which were issued for domains including example.com and a variety of test.com certificates, such as test1.com, test2.com, and test.com. In an advisory, Ayer said that “with the exception of test4.com and test8.com, these domains are […]
As deaths from powerful painkillers continue to rise, Canada is pursuing unprecedented measures to curb their use, including requiring cigarette-style warning stickers on every prescription, Health Minister Jane Philpott told Reuters. Next month Health Canada plans to publish a detailed proposal for the stickers, which Philpott said would warn that opioid painkillers can cause addiction and overdose. In March, an advisory panel is set to consider a […]
File this under Justice Porn… A miserable seething bitch and her browbeaten husband are the stars of a new video making it’s way around the internet after the woman, a horrible human being, decided to berate a Trump supporter on an airplane. First, here’s what happened from the guy it happened to: The first flight attendant to deal with his bigot isn’t having any of her shit: Attendant #1: “Is […]
