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By Dustin Volz | WASHINGTON WASHINGTON More than 100 employees of technology companies including Alphabet Inc’s (GOOGL.O) Google, Twitter Inc (TWTR.N) and Salesforce pledged on Tuesday to not help U.S. President-elect Donald Trump’s administration build a data registry to track people based on their religion or assist in mass deportations. Drawing comparisons to the Holocaust and the internment of Japanese Americans during World War II, the employees […]

Submitted by Lance Roberts via RealInvestmentAdvice.com, During my morning reading, I ran across an interesting article from Paul Lim via Time giving several reasons why the stock market will “rise for a ninth straight year.” “For ordinary Americans, 2017 is likely to feel like the best year economically since the Great Recession.   The recovery is finally expected to trickle down to you in the form of […]

Low interest rates pose one of the biggest threats to the US economy and expose investors to the potential for heavy loses from a price shock across a range of markets, according to an independent arm of the US Treasury. The concerns are raised in the Office of Financial Research’s annual financial stability report to Congress, which concludes that threats to stability remain “in a medium range”. […]

By Sebastien Malo NEW YORK (Thomson Reuters Foundation) – New York City’s Times Square has long been famous for its neon advertising, giant billboards and characters dressed up as anything from Mickey Mouse to the Statue of Liberty. But in the past couple of weeks a look-alike of Vice President-elect Mike Pence has been attracting the attention of passersby in one of the city’s busiest areas. New […]

Law Blog rounds up the morning’s legal news: Trump tariffs: Trade lawyers said President-elect Donald Trump would have unilateral authority to impose tariffs on goods an offshore U.S. company brought home, but any attempt to use it would likely face challenges in U.S. courts and international tribunals. [WSJ] SCOTUS declines Greenberg appeal: The Supreme Court […] (via WSJ)

Russia’s rouble has cemented its position as the best-performing currency of the past three months, enjoying the benefits of a strong oil price at a time when the US appears to be tilting towards a more accommodating relationship with Vladimir Putin. A 2.3 per cent rise in the rouble’s value against the dollar on Monday was followed by a further half per cent gain during Tuesday trading. […]

By Gabriela Baczynska | BRUSSELS BRUSSELS The European Union will not pay towards rebuilding post-war Syria if Moscow and Damascus leave no space in the future for opposition to President Bashar al-Assad’s government, according to a draft joint statement from the EU’s 28 leaders. For weeks, Syrian, Russian and Iranian firepower has pounded rebels – including those backed by the West and Turkey – in what was […]

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Wall Street looked set to open higher on Tuesday, as investors keep a close watch of the Federal Reserve’s two-day meeting where it is widely expected to raise interest rates for the second time since the financial crisis. A hike of 25 basis points in the Fed’s target range of 0.25-0.50 percent is priced in, but investors will be examining the Fed’s statement and economic forecasts for […]

By Nigel Stephenson | LONDON LONDON Global shares edged up on Tuesday, helped by gains in banks after Italy’s largest lender unveiled a 13 billion euro share issue, while the dollar held steady before a Federal Reserve meeting expected to deliver higher interest rates. UniCredit launched Italy’s biggest share issue to clean up its balance sheet and boost profitability in the latest move to strengthen the Italian […]

December 13, 2016 by: Demetri Sevastopulo in Washington Donald Trump is poised to name Rex Tillerson, chief executive of ExxonMobil, as his secretary of state, ignoring criticism that the oil and gas man is too close to Russian president Vladimir Putin and the Kremlin. Mr Trump tweeted on Monday that he would formally unveil his choice for the high-profile cabinet position on Tuesday morning. US media reported […]

Former New York Times White House correspondent Peter Baker will make an abrupt return to Washington, D.C. from Israel to cover the White House, the newspaper announced Monday. Baker, who moved to Jerusalem earlier this year after covering the run-up to the election, is being brought back to complete the Times’ political team. Baker is a 15-year veteran of the White House beat and has covered Barack […]

By Steve Holland | WASHINGTON WASHINGTON President-elect Donald Trump will announce Exxon-Mobil Corp’s Rex Tillerson as his choice for secretary of state on Tuesday, a senior transition official said, confident that the oil executive can get past questions about his ties to Russia. Trump is to make the announcement on Tuesday morning, going with a business leader whose experience in diplomacy is from making deals with foreign […]

Michael Moritz – chairman of Sequoia Capital and one of the most successful venture capitalists in history – says a simple vision led him to invest hundreds of millions of dollars in on-demand delivery startups. “The movement of goods and services and people, by easier, more convenient means,” he said in an interview. “That’s a huge trend, enabled by smartphones.” Led by Sequoia and another blue-chip Silicon […]

After eight years in which interest rates in rich countries have kept close to all-time lows, a change of weather is in the air. Donald Trump’s election as US president and widespread expectations that the Federal Reserve will nudge rates higher this week have made their mark on the markets. The big question is whether short-term pressures for higher US interest rates are strong enough to overturn […]

By Ayesha Rascoe and Matt Spetalnick | WASHINGTON WASHINGTON The White House on Monday insisted that Washington’s “one China” policy should not be used as a “bargaining chip” with Beijing after President-elect Donald Trump said the United States did not necessarily have to be bound by its long-standing position that Taiwan is part of China. Signaling further resistance Trump will face in Washington if he tries to […]

MEXICO CITY China and Mexico pledged on Monday to deepen ties at a meeting between their top diplomats following last month’s U.S. presidential election victory of Donald Trump, who has tested Washington’s relationship with both countries. Before arriving in Mexico on Sunday, Chinese State Councillor Yang Jiechi met with members of Trump’s team in New York, including his pick for national security adviser, retired Army Lieutenant General […]

By Nick Carey and Ginger Gibson | CHICAGO/WASHINGTON CHICAGO/WASHINGTON U.S. President-elect Donald Trump’s challenges to China on trade and Taiwan are rattling American companies who have long benefited from stable relations between the two countries but now fear retaliation by Beijing if Trump were to act. Trump jarred Chinese officials on Sunday by saying the United States did not necessarily have to stick to its long-standing position […]

The top Republican in the US Senate has backed an investigation into allegations that the Kremlin engaged in a hacking campaign to influence November’s presidential election. It is the most serious break yet between President-elect Donald Trump and his party’s traditional leaders in Washington. Mitch McConnell, the Senate majority leader, said that Congress would probe the allegations following the disclosure of a Central Intelligence Agency report which […]

Today’s news that Peter Baker is rejoining the White House beat for The New York Times was a historic one for the newspaper. With Baker’s addition, the Times now has six reporters covering 1600 Pennsylvania Avenue, the highest number in its 150 year-plus history, Baker told Poynter in an interview Monday. “When I started covering the White House in 1996 for The (Washington) Post, there were two […]

By Doina Chiacu and Gina Cherelus | WASHINGTON/NEW YORK WASHINGTON/NEW YORK The front-runner for secretary of state in President-elect Donald Trump’s administration, Exxon Mobil chief executive Rex Tillerson, faces a struggle getting confirmed by U.S. senators concerned about his close ties to Russia. Lawmakers from both major parties also raised questions on Monday about former United Nations Ambassador John Bolton, who has been mentioned as a possible […]

Google on Monday signed a deal with Cuba’s state-run telecommunications provider, bringing the Google Global Cache to the communist country. The deal won’t expand internet access in the communist country, but it will give Cubans who already have internet access faster connections to Google-branded content. Eric Schmidt, chairman of Google’s parent company Alphabet, was in Havana to sign the deal with Mayra Arevich Marin, president of state […]

Trading volumes across markets have soared following the US presidential election, a boon to Wall Street investment banks as money managers prepare for a new environment under the future Trump administration.  Since the November election result, there have been seven days when more than $20bn of investment grade debt has traded hands — a level that had previously only been breached 18 times since data has been […]

MANAMA, Bahrain — The political shock waves from the American presidential election are being felt here in the Persian Gulf, where diplomats, military commanders and other senior leaders say they are both fearful and excited about which Donald J. Trump shows up after he is sworn in as president on Jan. 20. Will it be, they ask, the President Trump who has vowed to cut off American […]

By Patricia Zengerle | WASHINGTON WASHINGTON President Barack Obama’s administration has decided to include a massive report on the CIA’s use of waterboarding and other “enhanced interrogation techniques” in his presidential papers, meaning it may eventually be declassified. The White House wrote to Senators Richard Burr and Dianne Feinstein, the Republican chairman and ranking Democrat on the Senate Intelligence Committee, on Dec. 9 informing them of its […]

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