By Arshad Mohammed | NEW YORK NEW YORK Former U.S. Secretary of State Condoleezza Rice said on Monday she would prefer that President Donald Trump not criticise judges and the media but that U.S. democratic institutions can withstand such comments. Speaking in an interview, Rice also described Trump as having a somewhat “transactional” view of foreign relations but she broadly endorsed his approach of seeking to enlist […]
By Thierry Chiarello and Sarah White | PARIS PARIS Emmanuel Macron may have won Sunday’s presidential election by a comfortable margin, but even his supporters’ enthusiasm is tempered by the scale of the challenge that the inexperienced politician faces in tackling France’s deep-seated economic, social and security problems. Macron, a former economy minister who had never previously stood for elected office, beat far-right leader Marine Le Pen […]
Emmanuel Macron has swept to emphatic victory in France’s presidential election, clinching 66 per cent of the vote to beat far-right candidate Marine Le Pen. The National Front candidate’s 34 per cent share fell well short of the most optimistic projections for Ms Le Pen, which had suggested she could win as much as 45 per cent of the vote in the second round. Mr Macron’s victory […]
The market reaction to Emmanuel Macron’s victory in the French presidential election has been muted so far, with investors having to a large extent anticipated the result. “The euro went up a bit, down a bit and ended pretty much where it was last week. Damp squib would be an overstatement,” as Kit Juckes at Société Générale put it. At pixel time, the euro was trading at […]
By Patricia Zengerle | WASHINGTON WASHINGTON Two officials in former President Barack Obama’s administration will testify on Monday in a Senate investigation into allegations of Russian meddling in the 2016 U.S. election and possible collusion between President Donald Trump’s campaign and Moscow. James Clapper, the Director of National Intelligence under Obama, and Sally Yates, who was Deputy Attorney General, will testify to the Senate Judiciary subcommittee on […]
BERLIN Europe’s political establishment entered 2017 in a state of panic. Britain had voted to leave the European Union six months before and the United States had just elected a president who was hostile to their grand project and the values it stood for. The same forces that had led to Brexit and Donald Trump – popular anger with distant elites, economic inequality and immigration – threatened […]
WASHINGTON President Donald Trump took aim again on Sunday at Rexnord Corp (RXN.N) for the industrial supplier’s decision to move jobs to Mexico from Indiana. Milwaukee-based Rexnord announced plans in October to move a bearing plant and its 300 jobs from Indianapolis, employees told the Indianapolis Star at the time. “Rexnord of Indiana made a deal during the Obama Administration to move to Mexico. Fired their employees,” […]
The Federal Reserve risks political interference and losing its independence if it maintains a large balance sheet in the longer term, former Fed officials have claimed, as debate over the central bank’s strategy for unwinding its interventions in financial markets intensifies. Kevin Warsh, a visiting fellow at the Hoover Institution at Stanford University and former Fed governor, said permanently holding vast quantities of assets like treasuries was […]
BOSTON Former U.S. President Barack Obama is expected in Boston on Sunday to receive the John F. Kennedy Foundation’s annual “Profile in Courage Award,” honoring his accomplishments during his two terms in office in the face of intense political opposition. “President Kennedy called on a new generation of Americans to give their talents to the service of the country,” said Caroline Kennedy, John F. Kennedy’s daughter, who […]
By Ingrid Melander | PARIS PARIS After a tumultuous election campaign filled with scandal and surprises, the French public began to vote on Sunday on whether a pro-European Union centrist or an anti-EU, anti-immigration far-rightist will lead them for the next five years. Opinion polls indicate they will pick Emmanuel Macron, a 39-year-old ex-economy minister who wants to bridge the left-right divide, resisting an anti-establishment tide that […]
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. The image of power was simple: Jared Kushner and Ivanka Trump walking off Marine One Thursday, hand-in-hand, and boarding Air Force One for a short trek to New York City with Kushner’s father-in-law. Yes, Jared Kushner, trusted power broker, to […]
WASHINGTON U.S. Environmental Protection Agency chief Scott Pruitt has recused himself from several court cases that he pursued against the agency when he was Oklahoma attorney general, according to a recusal statement. Pruitt, who had sued the environmental agency more than a dozen times when he was the oil- and gas-producing state’s top legal officer, had pledged during his Senate confirmation that he would step aside from […]
By Ann Saphir | PALO ALTO PALO ALTO San Francisco Federal Reserve Bank President John Williams on Saturday reiterated his view that the U.S. central bank should begin trimming its massive balance sheet later this year, in part so the Fed has more tools at the ready when the next recession hits. He was the fourth Fed official in two days to suggest the Fed may need […]
America First Policies Group type: 501(c)(4) nonprofit Why it matters: America First Policies grew out of Trump’s political operation. Headed by Brad Parscale, who ran the digital and data portion of Trump’s campaign, and featuring a coterie of former aides, it was meant to serve as a quasi-independent outside group providing support for the president’s initiatives. Parscale has said America First Policies had raised around $25 million. […]
By Adrian Croft and Geert De Clercq | PARIS PARIS France sought to keep a computer hack of frontrunner Emmanuel Macron’s campaign emails from influencing the outcome of the country’s presidential election with a warning on Saturday it could be a criminal offence to republish the data. Macron’s team said a “massive” hack had dumped emails, documents and campaign financing information online just before campaigning ended on […]
The campaign team of French presidential candidate Emmanuel Macron said late on Friday night that it had been the victim of a “massive and co-ordinated” hacking operation. Nine gigabytes of data were posted online to Pastebin, a document-sharing site that allows anonymous posting, Reuters reported. It was not immediately clear who was responsible for posting the data. Voters are preparing to go to the polls on Sunday […]
Mr. Greenblatt got a very different message at an earlier dinner with two other prominent Palestinians, Salam Fayyad and Ziad Asali, and two American Jewish diplomats, Elliott Abrams and Dennis B. Ross. They all told him that a breakthrough was not realistic now, and that Mr. Trump would be better off pursuing incremental advances, like bettering the economic fortunes of the Palestinians. Continue reading the main story […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that likely seals the case for an interest rate increase next month despite moderate wage growth. Nonfarm payrolls surged by 211,000 jobs last month after a paltry gain of 79,000 in March, the Labor Department said […]
Authored by Mike Krieger via Liberty Blitizkrieg blog, I am 100% in the camp that supports Bernie Sanders severing himself completely from the hopelessly captured and corrupt Democratic Party and launching an entirely new movement. I’ve spent a lot of time since the 2016 election writing about how worthless the Democratic Party is and why it will never fundamentally change. The sad truth when it comes to […]
By Mica Rosenberg and Dan Levine | NEW YORK/SAN FRANCISCO NEW YORK/SAN FRANCISCO Legal challenges to President Donald Trump’s temporary travel ban on people from some Muslim-majority countries heat up again next week when two U.S. appeals courts consider whether it is constitutional. The legal fights may end up at the U.S. Supreme Court perhaps in the fall, many months after Trump first issued an executive order […]
Of those who favor limits, the vast majority — four out of five people — say presidential campaigns should last for one year or less, the poll indicates. Democrats are most likely to want president campaign limitations, although most Republicans and independents want them, too. “Too long” was the most common answer poll respondents gave when asked to briefly describe Election 2016. “Long,” “crazy” and “bad” followed. […]
PARIS Greenpeace climbers unfurled a banner emblazoned with the French republican slogan “Liberty, Equality Fraternity” and the word “Resist” on the Eiffel Tower in Paris on Friday, a message urging people to vote against far-right candidate Marine Le Pen in Sunday’s presidential election. “We wanted to say we are against the rise of nationalism and authoritarianism in France and in other countries. This is our way of […]
“Something is off,” warns RBC’s head of cross-asset strategy Charlie McElligott in the introduction to his latest market noting that the swing in US fiscal policy optimism is coming at a critical time as the China’s liquidity tightening is spooking the reflation story. SUMMARY: Movement on US fiscal policy is currently driving US rates and equities higher, counteracting the tremendous negative implications of this ‘Chinese tightening / […]
When NPR’s David Folkenflik was growing up in the Southern California town of Laguna Beach, he would occasionally visit an enormous newsstand where readers could find almost anything they wanted to read. The Economist was next to Time. The surfer magazines were next to the tattoo magazines. The fake or dubious news — the National Enquirers of the world — were also in their own slots, somewhere in the […]
