Two weeks after Election Day, the North Carolina governor’s race isn’t resolved — at least from the perspective of Republican incumbent Gov. Pat McCrory. While his Democratic challenger, state Attorney General Roy Cooper, leads by several thousand votes and has started forming a transition team, Mr. McCrory has refused to concede. The governor cites claims of […] (via WSJ)
By Supriyo Hazra | KOLKATA, India KOLKATA, India An overpass under construction in the bustling Indian city of Kolkata collapsed on Thursday on to vehicles and street vendors below, killing at least 14 people with more than 100 people feared trapped. Residents used their bare hands to try to rescue people pinned under a 100-metre (110-yard) length of metal and cement that snapped off at one end […]
The Jill Stein campaign prides itself for being anti-corporate — only accepting the donations from the small people — the disenfranchised folks who cannot afford to donate to her losing campaign — but do so nonetheless to help Jill fulfill an otherwise pointless existence in the political landscape. Thanks to her website and the Wayback machine, we can examine the donations and the rate by which they […]
FRANKFURT German trains-to-turbines group Siemens is well placed to do business in the United States, regardless of whether President-elect Donald Trump backs fossil-fuels at the expense of renewable energy, its CEO told a newspaper. “The good thing is that we can offer everything. Steam power plants that are powered by coal, state-of-the-art gas-fired power plants, wind energy, we can build solar parks and the necessary link to […]
He seized power audaciously in 1959 and commanded to the last a powerful personal following inside and outside Cuba. But during more than half a century in office Fidel Castro, who has died at the age of 90, metamorphosed from a popular and charismatic guerrilla leader into a traditional caudillo, an autocratic holdover from another age. At his life’s end, although bolstered by the emergence of a […]
By Steve Holland and John Whitesides | WASHINGTON WASHINGTON Republican presidential front-runner Donald Trump made a surprise closed-door visit to the Republican National Committee on Thursday after a tumultuous two days on the campaign trail that included a reversal of his pledge to support the party’s nominee. Trump, who is also struggling to contain the fallout from his Wednesday comment that women who have abortions should be […]
Updated Nov. 26, 2016 2:23 a.m. ET Fidel Castro burst on the world scene in 1959, spawning the very image of a revolutionary with his scruffy beard, rifle and cigar, ruling Cuba for a half-century while rankling 11 U.S. presidents and helping bring the world to the brink of nuclear war. Mr. Castro, who was suffering from undisclosed illnesses, died at 90 years old, his brother, President […]
The dollar broke new ground in its post-US election surge against the yen on Friday as the market eyed a potential ¥3.8tn ($34bn) deluge of yen selling by life insurers. Tokyo’s morning session saw speculators pushing the dollar into the high ¥113 zone — an eight-month peak and a move that is underpinned by more unwinding of long yen positions built ahead of what big Japanese investors […]
By Sam Forgione | NEW YORK NEW YORK Key stock indexes on Wall Street swept to record intraday and closing highs on Black Friday thanks to gains in consumer staple and technology shares, while European stocks climbed and a stabilization in U.S. Treasury yields promoted investors to sell the dollar. The Dow, S&P 500 and Nasdaq indexes, as well as the small cap Russell 2000 , hit […]
As Wall Street traders departed for Thanksgiving this week, they could celebrate a rare achievement. On Monday and Tuesday, the four most widely cited indices of US stocks — the S&P 500, the Dow Jones Industrial Average, the Nasdaq Composite and the Russell 2000 — hit all-time highs simultaneously. The last time a “grand slam” happened was on New Year’s Eve 1999, at the height of the […]
A declining gold market faces a major challenge as a $3.8bn outflow from exchange traded funds over the past 10 days is seen intensifying the liquidation of holdings by investors. Gold has dropped below $1,200 a troy ounce for the first time since February as ETF outflows have risen to their highest level since July 2015. A stronger dollar, higher US yields and a rallying stock market […]
Submitted by Jeffrey Snider via Alhambra Investment Partners, For the month of July 2014, total durable goods orders exploded higher in a fit of Boeing. The growth in aircraft orders in percentage terms was so large as to be meaningless. On a seasonally-adjusted basis, total durable goods (using the latest benchmarks) went from $236.3 billion that June to $290.8 billion for July. Coming as it did in […]
Thanksgiving was a multicultural event on the International Space Station this year. While only two people in the crew currently aboard the ISS are American, a traditional American meal was in place to celebrate the occasion. The astronauts also watched football in order to complete this experience. The astronauts did not have the day off, unlike most Americans, but the American turkey dinner in space was similar to the […]
Hitting the rocks. José Cuervo, the world’s largest tequila maker, has put its planned IPO for up to $1bn on ice because of market uncertainty in the wake of the US elections, according to people familiar with the plans. The company, officially known as Becle, had filed its prospectus with the Mexican stock exchange in September. But the Mexican IPC index has fallen nearly 7 per cent […]
BOSTON Activist shareholders plan a record number of resolutions focused on climate change at U.S. company annual meetings in 2017, even as President-elect Donald Trump looks set to loosen environmental regulations. Based on filings so far, U.S. companies are on track to face roughly 200 resolutions on climate matters at their shareholder meetings next year, according to Rob Berridge, who follows the subject for Ceres, a sustainability […]
John Hanke arrives at Mijita on San Francisco Bay looking more like a middle-aged indie rocker than the chief executive of a company that this summer was estimated to be making tens of millions a week. His striped flannel shirt is unbuttoned over a T-shirt bearing a compass and the words, taken from a poem in The Lord of the Rings, “Not all who wander are lost”. […]
November 25, 2016 by: Jamie Chisholm in London and Peter Wells in Hong Kong Friday 08:30 GMT. Overview Stock markets are cautiously mixed as traders await Wall Street’s return to the fold after the Thanksgiving break. US futures suggest the S&P 500 will be in line for another record, looking to add 1.5 points to 2,206.3 when the opening bell rings later in New York. Still, for […]
After a US election in which hyper partisan news sites helped propel Donald Trump to the presidency, the future direction and financing of this ardent alternative journalism seems unclear. In recent days, some brands and ad platforms have blacklisted the right-wing Breitbart News for hate speech, while Facebook and Google — facing accusations of enabling misinformation online — have acted to prevent their advertising from appearing on […]
Craig Timberg from Washington Post must be bored this Thanksgiving, spending his time concocting a rich and imaginative tale of fake news websites swaying the billion dollar Clinton campaign from no brainer win to a horrible loss. Here we are, once again, with the faux claims out of Washpo — spreading their own ironic fake news of Russian hacking conspiracies and a furious — and all of a […]
US stock funds continue to pull in investor’s cash after the US election, as Donald Trump’s rhetoric over renewed growth for the economy shows no sign of abating. Just over $5.1bn flowed into US stock funds for the week ending November 23, according to data from EPFR. It was a lighter intake than the previous record-setting week, but still accentuated the rotation out of bond funds and […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks advanced on Friday as the Thanksgiving break in the United States helped slow a relentless surge in the dollar that has sucked capital out of most emerging markets. The respite for Asian assets may be short-lived, however, with U.S. Treasury yields resuming their climb after the holiday as investors bet that President-elect Trump will adopt policies that increase spending […]
The burst of Democratic spending is causing heartburn for operatives working to keep the Senate in Republican hands. “I worry every day, and every day it’s a different state,” said Scott Reed, the senior political strategist for the U.S. Chamber of Commerce. The Chamber has spent $32 million boosting Republican congressional candidates, according to FEC filings. But in October, two weeks before the election, Reed found himself […]
The battle for Thanksgiving online shoppers is well under way, with early data suggesting that it is off to a positive start. Between midnight and 5pm US Eastern Time, online sales increased 13.6 per cent to $1.15bn, compared with 2015, according to Adobe Digital Index, which tracks 80 per cent of online sales of the top 100 retailers. It said this figure meant sales via ecommerce for […]
If there are political similarities in the impulses that led the UK to vote for an exit from the EU and the US for Donald Trump, the market reaction to Wednesday’s collection of British tax and spending measures illustrated the economic differences between the two countries. While Trumponomics has fast become shorthand for a promised programme of tax cuts and infrastructure incentives that could rival the actions […]
