On the verge of Donald Trump’s address to Congress, investors have sent the benchmark S&P 500 to record highs. Money managers awaiting word from the new US president on how he will accelerate growth are looking for a reason to maintain their enthusiasm, and for good reason — by a variety of metrics, US share prices are in rare territory. Here are five charts that make bulls […]
By Steve Holland | WASHINGTON WASHINGTON President Donald Trump is seeking what he called a “historic” increase in defense spending, but ran into immediate opposition from Republicans in Congress who must approve his plan and said it was not enough to meet the military’s needs. The proposed rise in the Pentagon budget to $603 billion comes as the United States has wound down major wars in Iraq […]
By Steve Holland | WASHINGTON WASHINGTON U.S. President Donald Trump said on Monday he is seeking a “historic increase” in military spending to be funded by cuts elsewhere in government. Trump will seek to boost Pentagon spending by $54 billion in his first budget proposal and slash the same amount from non-defense spending, including a large reduction in foreign aid, a White House budget official said. “This […]
By Sam Forgione | NEW YORK NEW YORK Warren Buffett, chairman and chief executive of Berkshire Hathaway Inc (BRKa.N), told CNBC on Monday that his conglomerate had purchased about 120 million shares of Apple Inc. (AAPL.O) in 2017 and that U.S. stocks were not in “bubble territory.” “Apple strikes me as having quite a sticky product,” Buffett said. He said Berkshire’s Apple stake, at 133 million shares, […]
By Jonathan Allen | NEW YORK NEW YORK Supporters of U.S. President Donald Trump are holding rallies in towns and cities across the country on Monday, partly as a rebuttal to waves of anti-Trump protests that have taken place since the Republican’s election last November. Trump is not scheduled to appear at any of this week’s rallies, which are being held in cities small and large, from […]
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. Anti-Trump fervor is especially rampant along the Acela Corridor, and now our most famous paper surfaces with a provocative — if belated — ad campaign at a time of marketing need. On Thursday, The New York Times announced a campaign […]
Photo Marine Corps jets flew over the pyramids of Egypt during a military exercise in 1999. Credit Staff Sgt. Jim Varhegyi/United States Air Force CAIRO — The top commander of American military operations in the Middle East said during a visit here on Sunday that the United States wanted to resume a major military exercise with Egypt that President Barack Obama had canceled in 2013 to protest […]
LONDON Islamic State militants are planning “indiscriminate attacks on innocent civilians” in Britain on a scale similar to those staged by the Irish Republican Army 40 years ago, the head of the country’s new terrorism watchdog said. In an interview with the Sunday Telegraph published on Sunday, Max Hill, the lawyer tasked with overseeing British laws on terrorism, said the militants were targeting cities and posed “an […]
In a small office on Rue du Faubourg Saint-Honoré, the same Paris street as the Élysée Palace, the secretive “ideas and images” online unit of France’s far-right National Front was planning its next attack. As the battle for the presidency hotted up, signs that Emmanuel Macron, the centrist presidential contender, was polling strongly raised the possibility that he would make the second round vote to face FN […]
In the first tangible step toward delivering on Trump’s campaign promise to halt unauthorized immigration from Mexico, the U.S. Customs and Border Protection on Friday released plans for picking vendors for President Donald Trump’s proposed border wall, issuing a preliminary request for proposals saying it plans to release a formal solicitation around March 6 “for the design and build of several prototype wall structures in the vicinity […]
By Lewis Krauskopf | NEW YORK NEW YORK U.S. President Donald Trump’s planned economic agenda has fanned the flames for Wall Street’s record-setting run, but some investors worry that his first major address to Congress next week risks dousing it if his plans look slow to execute or are overly vague. The benchmark S&P 500 .SPX has surged 10 percent since Trump’s Nov. 8 election, with optimism […]
By Caroline Humer | NEW YORK NEW YORK The Blue Cross Blue Shield Association, which represents insurers in every state, Cigna Corp and Humana Inc said on Friday they would attend a meeting between the health insurance industry and President Donald Trump on Monday. Cigna’s chief executive officer, David Cordani, and Humana CEO Bruce Broussard will attend, spokesmen for both companies said. Bloomberg reported earlier on Friday […]
Two years after Donald Trump was booed at an influential conservative event, the US president returned to the Conservative Political Action Conference on Friday for a victory lap. But his rambling address, at an event that was more campaign rally than detailed presentation of policy, struck a jarring note at the end of a week that saw a semblance of orthodoxy from the new administration. While his […]
By Emily Stephenson and Steve Holland | NATIONAL HARBOR, Md./WASHINGTON NATIONAL HARBOR, Md./WASHINGTON President Donald Trump said he would make a massive budget request for one of the “greatest military buildups in American history” on Friday in a feisty, campaign-style speech extolling robust nationalism to eager conservative activists. Trump used remarks to the Conservative Political Action Conference (CPAC), an organization that gave him one of his first […]
TOKYO Asian shares took a breather on Friday, slipping from 1-1/2-year highs as material shares were hit by sudden falls in copper and other commodity prices while investors assessed Washington’s stance on tax and currency policies. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.5 percent, giving back part of this week’s gains, though it is likely to log its fifth straight weekly advance. […]
Friday 05.00 GMT Overview Asian stocks looked set to end a solid week on a down note, taking their cue from a subdued session on Wall Street as investors looked past some optimistic comments on US tax cuts and failed to catch a boost from higher oil prices. Hot topic Steve Mnuchin, the US Treasury Secretary, said the White House wanted to pass “very significant” tax reform […]
By Alexandra Alper and Noe Torres | MEXICO CITY MEXICO CITY Mexico on Thursday expressed “worry and irritation” about U.S. policies to two of President Donald Trump’s top envoys, giving a chilly reply to the new administration’s hard line on immigration, trade and security. Comments by Trump about a “military operation” to deport criminals added to the tense atmosphere, and prompted a clarification from Homeland Security chief […]
Rex Tillerson, US secretary of state, struck a conciliatory tone during a visit to Mexico, saying the neighbouring countries had an opportunity to upgrade their economic relationship. After meeting Mexican officials during his second mission as the top US diplomat, Mr Tillerson said the countries had agreed to “seize the opportunity to modernise and strengthen our trade and energy relationship”. His remarks came just after President Donald […]
By David Shepardson and Ginger Gibson | WASHINGTON WASHINGTON President Donald Trump told about two dozen chief executives of major U.S. companies on Thursday he plans to bring millions of jobs back to the United States, but offered no specific plan on how to reverse a decades-long decline in factory jobs. In his first month in office, Trump has pressured a number of U.S. companies to hire […]
The fundraising gulf over the DGA can be attributed in part to RGA support from a number of high-profile billionaires and millionaires, including hedge fund bosses Paul Singer and Kenneth Griffin, and shipping supply company owner Richard Uihlein. The largest donor to the RGA in 2016, casino magnate Sheldon Adelson and his wife, Miriam, donated more than the top six donors to the DGA combined. Many longtime […]
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 few months ago Vice founder Shane Smith fronted a superior Vice-HBO documentary, “A House Divided,” that detailed the issues, tactics and rancor that dominated Barack Obama’s relations with a Republican-dominated Congress. Now he sees “a perfect storm” that involves […]
The simple but frustrating truth is that facts alone are not enough to convince people. Even the most thorough, accurate piece of reporting might still be trumped by a poorly reasoned and false counterargument. Therefore, it’s crucial to understand how to publish persuasive factual journalism. Here are some tips for spreading facts: Don’t Hesitate: Act quickly to dispel and debunk myths. The longer journalists wait to challenge […]
When Ford borrowed a €750m bond in euros at the start of the year, the US carmaker was following a path that has become familiar to corporate America. The deal was an example of so-called “reverse Yankee” issuance, where US companies sell bonds in euros, tapping demand from eurozone investors. Ford added to the more than €100bn of debt sold in the eurozone over the past two […]
Republican President Donald Trump’s administration was expected to revoke landmark guidelines issued to public schools in defense of transgender student rights, according to a draft document seen on Wednesday by Reuters. The draft reverses former Democratic President Barack Obama’s signature initiative on transgender rights, which instructed public schools to allow transgender students to use the bathrooms matching their gender identity. (Read the draft here: tmsnrt.rs/2kMAGAS) The draft […]
