Jon Corzine, the former New Jersey governor and Goldman Sachs chief who oversaw the collapse of MF Global, is poised to take the stand next week in a potentially explosive trial over the alleged negligence of the company’s auditor, PwC. The world’s second-biggest professional services firm was the auditor of MF Global, the futures brokerage that collapsed in October 2011 after huge bets on the debt of […]
Investors have poured nearly $80bn into US equity funds since November’s election as optimism over the new administration’s pro-growth agenda received a boost after President Donald Trump addressed Congress this week. Funds invested in US stocks counted $6.7bn of additions in the week to March 1, lifting flows since November 8 to $79.4bn, according to data from EPFR. The inflows have partially reversed a near constant exodus […]
By David Shepardson | WASHINGTON WASHINGTON U.S. President Donald Trump on Saturday accused former president Barack Obama of wire tapping him in October during the late stages of the presidential election campaign, but offered no evidence to support the allegation. “How low has President Obama gone to tapp my phones during the very sacred election process. This is Nixon/Watergate. Bad (or sick) guy!,” Trump said in a […]
The Switch, Nintendo’s newest video game system, merges home gaming comfort and portability to create a unique, eye-catching platform. The nifty Joy-Con motion controllers foster the same casual-friendly gameplay that made the Wii a hit, while Switch’s tablet-style design and side-grip controller slots improve Nintendo’s Wii U vision. When you consider Nintendo’s dominance over the portable console market, it’s easy to imagine Switch following suit […]
Via Mac Slavo of SHTFPlan.com, Within hours of the election of Donald Trump the mainstream media, their politico counterparts and social media operatives began spreading the narrative that the President was only elected as a result of the dissemination of fake news. The term itself became a rallying cry for everyone from major search engines to massive social media websites who said they would create fact checking […]
For years, editors have mocked the sports section, calling it the “toy department” of the newspaper. The unflattering moniker was applied to sports pages because they didn’t usually concern themselves with serious news like politics, the meat-and-potatoes of many newsrooms. Now, with the election of Donald Trump and the ascendency of politically minded athletes, that distinction is getting thrown out the window. So says Bryan Curtis, an […]
By Minami Funakoshi | TOKYO TOKYO U.S. Secretary of State Rex Tillerson is due to visit Japan, South Korea and China this month to discuss North Korea on his first trip to the region since he took up his post, Japanese media reported on Saturday. Tillerson’s trip would come as the United States and China try to put relations on an even keel after a rocky start […]
Photo Syrians in the rebel-held town of Douma, on the eastern outskirts of the capital, Damascus, last week. Credit Abd Doumany/Agence France-Presse — Getty Images The top United Nations diplomat working to resolve the civil war in Syria reported some progress Friday after nearly 10 days of talks, saying both sides finally had agreed on what he described as a “clear agenda” for further negotiations. The diplomat, […]
KARACHI: The Panama Papers — a huge leak of documents detailing the alleged secret offshore holdings of global elite — were released in April 2016. The leak made headlines all-over the world, but its impact was probably most keenly felt in Iceland. Just two days after the leak appeared, Iceland’s prime minister had to resign from his office over protests by the people. Thousands of people had […]
PARIS An apparent threat by far-right leader Marine le Pen to punish state employees who “persecute” political opponents may have eroded her support, according to a poll which found her first-round lead in France’s presidential election slipping. The poll of voting intentions by research firm BVA found Le Pen garnering 26 percent of the votes in April’s first round, down 1.5 percent from the last BVA poll […]
You can’t fire Arnold Schwarzenegger. Arnold Schwarzenegger fires you! That’s because the former California governor has just quit NBC’s The New Celebrity Apprentice after wrapping up its season last January. What’s more, the Terminator star blames the show’s forerunner, current president of the United States and number one critic of the show, Donald Trump for the show’s less than impressive ratings. It’s not exactly a surprising reaction from the […]
Speaking to American state governors this week in the state dining room of the White House, Donald Trump hit on a point that is of no surprise to investors: healthcare is “an unbelievably complex subject”. The Affordable Care Act, one of the two key pillars of the healthcare reform signed into law by former US President Barack Obama in 2010, is 906 pages long — the table […]
WASHINGTON U.S. Vice President Mike Pence on Friday said there was “no comparison whatsoever” between his use of a private email account for state business while he was governor of Indiana and the email woes of former Secretary of State Hillary Clinton. Clinton’s use of a private email server during her time in government became a major point of criticism against her as the Democratic nominee during […]
Former UKIP leader Nigel Farage couldn’t get elected member of UK parliament, so he became a member of European Parliament. He also couldn’t get knighted by the Queen of England, so he naturally opted for the next best thing: Being knighted by a young girl with a plastic sword on Russia-funded television network RT. You can watch the heartwarming ceremony here: The ceremony didn’t stop with the plastic sword, […]
By Lindsay Dunsmuir and Howard Schneider | CHICAGO CHICAGO The Federal Reserve is set to raise its benchmark interest rate later this month as long as economic data on jobs and inflation holds up, Fed Chair Janet Yellen said on Friday, in comments that likely cement a rate hike at its next meeting. Several of Yellen’s U.S. central bank colleagues in recent days had also put a […]
More than two hours of TV per day affects early academic skills in kindergartners, according to a new study by NYU’s Steinhardt School of Culture, Education, and Human Development in collaboration with Université Sainte-Anne (Canada). The research revealed too much TV decreases school readiness especially in children from low-income households. The alarming discovery urges parents to limit the time children spend on watching TV, with emphasis on […]
By Jonathan Allen and Joseph Ax | NEW YORK NEW YORK U.S. prosecutors in New York charged a St. Louis, Missouri, man on Friday in connection with at least eight bomb threats made against Jewish organizations across the country. Juan Thompson, 31, was taken into custody on Friday morning in St. Louis and was expected to make an initial court appearance there later in the day. It […]
In the first stage of the Trump Rally (from the election to year-end), investors appeared to hedge as the market rallied. However, since the start of the new year, Goldman Sachs’ proprietary macro hedging indicator has traded along with equities, suggesting that investors are buying stocks and discarding protection. As Goldman’s John Marshall and Katherine Fogertey explain, the Trump rally has changed the market – Investors Stopped […]
While equity market euphoria at the prospect of President Donald Trump’s spendthrift, deregulatory agenda remains undimmed, bond investors are sending a very different message. US equity gauges have continued to climb this year, propelled by hopes of deregulation, tax cuts, government spending and more business-friendly policies. This week all four of the biggest stock indices achieved yet another “Grand Slam” of fresh records in the wake of […]
March 3, 2017 by: Jamie Chisholm, Global Markets Commentator Friday 08:35 GMT Overview Stock markets are retreating as Wall Street equity futures dip further from this week’s record high as investors cash in some of their bullish bets on stronger growth following the election of US president Donald Trump. The pullback comes amid heightened expectations that the improving economic scenario will encourage the Federal Reserve to increase […]
Rep. Trey Gowdy (R-SC) appeared on Fox’s First 100 Days Thursday evening after a closed door briefing earlier in the day by FBI director James Comey concerning the agency’s investigation into claims of Russian interference in the 2016 presidential election. The interview begins with host Martha MacCallum mentioning that Congressman Adam Schiff (D-CA), who attended the same meeting, was “rattled” over the lack of information Comey gave concerning Russian involvement in the election. Gowdy, on the other […]
April 3, 2016 Panama Papers leaked; Sharif family under spotlight The International Consortium of Investigative Journalists made nearly 11.5 million secret documents public. The documents contained confidential attorney-client information for more than 214,488 offshore entities, with the source of these leaks being a Panamanian financial law firm, Mossack Fonseca. Eight offshore companies were reported to have links with the family of Prime Minister Nawaz Sharif and his […]
Core inflation has returned to Japan for the first time since 2015, with consumer prices excluding fresh food rising by 0.1 per cent in January over the same month a year earlier. The return to positive territory was driven by energy — petrol prices jumped 9.2 per cent year-on-year after big drops in 2016 — but the rise will be welcome news for the Bank of Japan. […]
By Matt Spetalnick | WASHINGTON WASHINGTON With his administration on the defensive over investigations into alleged Russian meddling in last year’s election, U.S. President Donald Trump is no longer tweeting praise for his Kremlin counterpart. Less than five weeks after he took office, the chances of a spring thaw in relations between Washington and Moscow – once buoyed by an apparent “bromance” between Trump and President Vladimir […]
