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California is taking matters into their own hands when they voted Friday to keep their stricter auto emission standards despite the Trump administration’s loose hold on the matter. Thanks to the state’s longstanding waiver under the Clean Air Act, California has made their boldest move yet in their resistance to Trump’s policies. ‘Assault On The American Auto Industry’ Just last week, the president vowed to loosen the regulations […]

By Doina Chiacu | WASHINGTON WASHINGTON Roger Stone, a longtime ally of President Donald Trump, said on Sunday he has offered to testify before a congressional committee investigating possible Russian meddling in the 2016 presidential election and ties to the Trump campaign. Stone, an informal adviser to Trump, told ABC’s “This Week” he had not received a reply from the House of Representatives intelligence committee on his […]

Following President Trump’s clarifying tweet yesterday that “Obamacare will explode” on its own… ObamaCare will explode and we will all get together and piece together a great healthcare plan for THE PEOPLE. Do not worry! — Donald J. Trump (@realDonaldTrump) March 25, 2017 It is becoming increasingly clear that, even without the ‘repeal’, the Trump administration has already begun using its regulatory authority to water down less […]

By Lindsay Dunsmuir and Doina Chiacu | WASHINGTON WASHINGTON Fresh off a defeat on U.S. healthcare legislation, the White House warned rebellious conservative lawmakers that they should get behind President Donald Trump’s agenda or he may opt to bypass them on future legislative fights, including tax reform. Both Trump and White House chief of staff Reince Priebus scolded hardline conservatives who rejected legislation backed by the White […]

Hours before the Republicans’ healthcare overhaul was defeated on Friday, the US Treasury secretary was sounding an upbeat note about another element of President Donald Trump’s agenda — tax reform. Healthcare is complicated, Steven Mnuchin declared at an event in a Washington art gallery. Tax reform, he said, is much more straightforward.  That bold assertion will be tested sooner than expected, as Mr Trump has signalled he […]

WASHINGTON U.S. House of Representative Ways and Means Committee Chairman Kevin Brady said he aims to move a tax reform bill through his committee this spring. Brady told Fox News’s “Sunday Morning Futures with Maria Bartiromo” that his committee had been working on tax reform in parallel with the failed healthcare reform push. “We’ve never stopped working,” Brady said. “We will continue to make improvements. We are […]

PARIS It is “extremely likely” that French conservative presidential candidate Francois Fillon has been the subject of wiretapping in the course of a judicial investigation, a campaign aide said on Sunday, in the latest accusations to be made by the Fillon camp against the authorities. Fillon, a former front-runner who is now lagging in polls following a financial scandal, had earlier this week accused Socialist President Francois […]

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After a week dominated by questions over whether Donald Trump will be able to push his economic agenda through Congress, here are the questions FT markets reporters are asking in the final trading week of March. Will investors keep faith in Trump’s ability to drive tax cuts? That is the question facing equity markets after the White House failed to muster the support needed in the House […]

Lyft is looking at one of its biggest potential opportunities to make up some ground on its rival Uber, given the latter company’s ongoing and worsening PR crisis. So it makes sense that Lyft would go even further in the opposite direction, with a new program that lets riders top off their fare to the nearest dollar, and donate the difference to one of a group of […]

By Lucia Mutikani | WASHINGTON WASHINGTON New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. Manufacturing is recovering from a prolonged slump, driven by the energy sector, bucking a slowdown in the broader economy. The Federal Reserve last week described business investment […]

It was a bumper day for John McCain when on Friday Donald Trump’s Republican nemesis gloated as Trump’s “art of the deal” collapsed in the last minute, after the President and Ryan-led effort to repeal Obamacare suffered what appears to be a terminal setback. In the wake of Trump’s misfortune, McCain renewed his calls on Friday for a return to a legacy neocon status quo, when speaking […]

By Steve Holland and David Shepardson | WASHINGTON WASHINGTON U.S. President Donald Trump on Friday touted Charter Communications Inc’s decision to invest $25 billion in the United States and a plan the company announced before he was elected to hire 20,000 workers over four years. At a White House event with the second-largest U.S. cable company’s Chief Executive Thomas Rutledge and Texas Governor Greg Abbott, Trump praised […]

Elon Musk has finally shut down rumors that his own company, SpaceX, will greatly benefit from President Donald Trump’s latest bill for the National Aeronautics and Space Administration, or NASA. This is despite the unbelievable fact that the President just made human exploration to Mars a federal law. Elon Musk Not Happy Responding to a tweet by Kara Swisher, the cofounder of independent tech news website Recode, which implied that […]

It’s a little weird to think of India and China as buddies. There has been at least a half-century of rank hostility between the two most populous nations in the world, ostensibly kicking off when India gave the Dalai Lama refuge, post the Chinese invasion of Tibet. A short but debilitating border war in 1962; claimed occupation of territories by both sides; China’s alliance with Pakistan and […]

Authored by Johnny Hopkins via The Aquirer’s Multiple blog, One of our favorite investors at The Acquirer’s Multiple – Stock Screener is Howard Marks. Howard Marks is Chairman and Co-Founder of Oaktree Capital Management, the world’s biggest distressed-debt investor. He’s known in the investment community for his “Oaktree memos” to clients which detail investment strategies and insight into the economy, and in 2011 he published the book The Most […]

Many families with airline tickets to the United States are groaning at the prospect of flying tablet-free. On March 21 the US government put an electronic travel ban in place that forces passengers travelling on direct flights from 10 destinations, including Abu Dhabi and Dubai airports to check in their laptops, e-readers, tablets and other devices with their luggage and parents are speaking out. “I am a […]

One of the earliest reactions of equity investors, on the election of Donald Trump as president of the US, was to buy health insurers and to sell companies that operate hospitals. In broad terms, repealing Obamacare looks good for the former and bad for the latter. Reform would remove some of the coverage obligations on the insurance companies, who say they have struggled to offer plans profitably […]

BOAO, China The world’s major nations are responsible for maintaining global peace, and all countries should remain committed to a road of stable and peaceful development, China’s Vice Premier Zhang Gaoli said on Saturday. His comments followed media reports this week that North Korea was in the final stages of preparing for another nuclear test. Earlier this month, Pyongyang launched four ballistic missiles in response to joint […]

Donald Trump suffered a massive political defeat on Friday after opposition inside his own party forced Republican leaders to pull a White House-backed healthcare reform bill, casting serious doubt on the president’s ability to deliver on other priorities. The withdrawal signalled the failure of Mr Trump’s exhaustive last-minute efforts to cajole lawmakers, raising questions about whether he could unify Republicans behind his pro-growth legislative goals of tax […]

A rush by emerging market governments to sell debt before the US Federal Reserve further raises interest rates this year has propelled issuance in Asia to record levels since the start of January, new data shows. Swelled by a $3bn Indonesian bond launched on Thursday, the total value of sovereign bonds sold in Asia, excluding Japan, reached $8.2bn in the year so far, up from $6.5bn in […]

The SEC filing also said Diamond S Shipping vessels aren’t necessarily prohibited from calling in locales where sanctions and embargoes apply. In the filing, the company said it believed it was in compliance with all applicable sanctions, embargoes, laws and regulations. In a statement to the Center for Public Integrity, the company said its “charter agreements expressly require compliance with all applicable laws, specifically prohibit trading in […]

By David Morgan | WASHINGTON WASHINGTON After failing to repeal Obamacare, Republicans in the U.S. Congress quickly pivoted on Friday to President Donald Trump’s next priority: overhauling the federal tax code, but their plan has already split the business community. Division among Republicans was the chief cause of the embarrassing setback on Obamacare, and similar fault lines have been evident for months in the Republicans’ tax plan, […]

By Caroline Humer and Yasmeen Abutaleb | NEW YORK/WASHINGTON NEW YORK/WASHINGTON U.S. President Donald Trump said on Friday that Obamacare was “exploding” after Republican lawmakers shelved legislation that would have dismantled the healthcare law. That’s not going to happen this month. Probably not even this year. The more than 12 million people who bought 2017 health insurance plans on HealthCare.gov and other websites the law created are […]

By Rodrigo Campos and Chuck Mikolajczak | NEW YORK NEW YORK The death of the Republican healthcare reform may not prove to be the knife to the heart of the bull market some had feared, but to keep the Trump Trade alive investors should temper expectations for the breadth of expected tax cuts. Anxiety over prospects for the healthcare bill gave stocks their largest weekly drop since […]

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