Seven states passed ballot initiatives easing marijuana laws this year, four of them legalizing it for recreational use. But some in the nascent, if growing marijuana industry fear President-elect Donald Trump’s nomination of Sen. Jeff Sessions for attorney general will hinder progress toward legalization. The Alabama Republican senator has been outspoken in his opposition to […] (via WSJ)
Here are the big questions we are asking at FT Markets into the week when the calendar flips over into December. Will Opec deliver a meaningful production cut? All eyes are on Vienna and Opec’s annual gathering with a keenly awaited decision on production levels. An Opec deal on Wednesday that delivers a concrete supply reduction of at least 1m barrels a day, with non-members such as […]
By Simon Gardner and Ana Isabel Martinez | HAVANA HAVANA From the Bay of Pigs invasion to a historic visit by President Barack Obama to Havana, Cubans have known for generations that whenever the United States turns its face to Cuba, Fidel Castro would be staring right back. But the death of “El Comandante” has added to worries among Cubans that U.S. President-Elect Donald Trump will slam […]
By Ian Simpson and Roberta Rampton | WASHINGTON/WEST PAlM BEACH, Fla. WASHINGTON/WEST PAlM BEACH, Fla. Democrat Hillary Clinton’s campaign will take part in a recount of Wisconsin votes in the U.S. presidential race, an effort Republican winner Donald Trump called “ridiculous” on Saturday. Wisconsin’s election board on Friday approved the recount requested by Green Party candidate Jill Stein. She has said she wants to guarantee the integrity […]
Submitted by Charles Hugh-Smith via OfTwoMinds blog, Don’t you think it fair and reasonable that anyone accusing me of being a shill for Russian propaganda ought to read my ten books in their entirety and identify the sections that support their slanderous accusation? I was amused to find my site listed on the now-infamous list of purportedly Russian-controlled propaganda sites cited by The Washington Post. I find […]
WEST PALM BEACH, Fla. U.S. President-elect Donald Trump on Saturday called a request for a recount of votes in Wisconsin a “scam” by the Green Party and said even his Democratic challenger Hillary Clinton had said the election results should be accepted. “This is a scam by the Green Party for an election that has already been conceded, and the results of this election should be respected instead […]
Nov 24, 2016 10:02 am IST President-elect Donald Trump has chosen the first women for posts in his administration, picking South Carolina Gov. Nikki Haley to serve as the U.S. ambassador to the United Nations and school-choice advocate Betsy DeVos as his secretary of education, his transition team said Wednesday. Ms. Haley long held reservations about Mr. Trump’s candidacy during the GOP primary, and endorsed both Sens. […]
KUALA LUMPUR Malaysian Prime Minister Najib Razak said on Sunday that he will “not necessarily” call a snap election next year, amid talk that he would seek an early vote as splits in the opposition have hobbled efforts to oust him over a long-running financial scandal. The multi-ethnic Southeast Asian country is due to hold an election by August 2018, and a government official has told Reuters […]
KABUL British Foreign Secretary Boris Johnson dismissed suggestions on Saturday that Britain’s exit from the European Union and the election of Donald Trump as U.S. president would lead to Western powers withdrawing from engagement with the rest of the world. Speaking during an overnight visit to Kabul that included meetings with President Ashraf Ghani and Chief Executive Abdullah Abdullah, Johnson said Britain remained committed to Afghanistan “for […]
By Marc Frank and Sarah Marsh | HAVANA HAVANA Fidel Castro’s death could give his younger brother, President Raul Castro, more space to pursue economic reforms, but change will also depend on whether U.S. President-elect Donald Trump decides to work with or challenge Cuba’s communist government. Raul Castro has introduced market-oriented reforms in recent years, but the pace of change has been slowed, many Cubans say, by […]
By Doina Chiacu and Emily Stephenson | WASHINGTON WASHINGTON Republican presidential front-runner Donald Trump said on Wednesday that women who end pregnancies should face punishment if the United States bans abortion, triggering a torrent of criticism from both sides of the abortion debate, including from his White House rivals. After MSNBC broadcast a clip of an interview with Trump, the billionaire businessman rowed back his remarks, first […]
By Noel Randewich | SAN FRANCISCO SAN FRANCISCO Wall Street expects consumers to open their wallets a little wider this holiday shopping season but bargains among red-hot retail stocks could be hard to find, especially as profit growth proves elusive for many big names. Retailers, including Best Buy, Kohls Corp and Macy’s, that were pummeled in last year’s disappointing holiday quarter have seen their shares surge recently […]
The US is heading towards the potential drama of an election recount in Wisconsin after Hillary Clinton’s campaign on Saturday joined a process initiated by a third-party presidential candidate. Donald Trump won Wisconsin by about 27,000 votes and Mrs Clinton’s campaign lawyer, Mark Elias, said she would join recounts in Michigan and Pennsylvania if they were initiated too. But he said he did not expect Mr Trump’s […]
Gold pared a third weekly drop as the dollar halted a rally that sent bullion prices to a nine-month low and pushed silver into a bear market. Bullion’s first gain in four days cut this week’s loss to 2 percent. Prices have tumbled as strong economic data and the prospect of more spending after Donald Trump’s U.S. election win boosted bets for higher interest rates. Investors are […]
WEST PALM BEACH, Fla. U.S. President-elect Donald Trump gave his first reaction to the death of Fidel Castro on Saturday, saying on Twitter, “Fidel Castro is dead!”, without elaborating. Trump, who takes office on Jan. 20, threatened during his campaign to reverse President Barack Obama’s moves to open relations with Cuba over concerns about religious freedom. (Reporting by Roberta Rampton; Editing by Hugh Lawson) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); […]
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 […]
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 […]
U.S. Magistrate Judge John Primomo of San Antonio says he wasn’t injecting politics into a U.S. citizenship ceremony when he told newly sworn-in Americans that they should leave the country if they can’t accept Donald Trump as their incoming president. Whatever he intended to convey, Judge Primomo is paying a price for his commentary. Chief […] (via WSJ)
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 […]
Authored by Paul Craig Roberts, Liberals, progressives, and the left-wing (to the extent that one still exists) are aligning with the corrupt oligarchy against president-elect Trump and the American people. They are busy at work trying to generate hysteria over Trump’s “authoritarian personality and followers.” In other words, the message is: here come the fascists. Liberals and progressives wailed and whined about “an all white male cabinet,” […]
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 […]
