By Lewis Krauskopf | NEW YORK NEW YORK Arguing over politics is a Thanksgiving Day tradition, but Donald Trump’s presidential election adds a new twist to any bickering at next week’s holiday dinner table: What the new U.S. government could mean for your stock portfolio. Trump’s shock victory last Tuesday sent investors scrambling to change bets predicated on a win by Hillary Clinton, leading to huge stock […]
Several union leaders in recent days said the signs of many members’ reluctance to support Clinton were visible before the election, and the Democratic Party must reconsider its approach to working-class voters. Harold Schaitberger, the general president of the International Association of Fire Fighters, said its politically active union didn’t endorse either Clinton or Trump because internal polling showed its members were too divided. It was the […]
The Trump trade — sell government bonds because his policies might cause inflation and require huge new borrowing — has already produced a common counter reaction: do not get carried away, this is an opportunity to buy Treasuries before yields collapse again. What it shows is a conditioned response. The first time your dog barks in the night, you leap out of bed with a head full […]
China has weakened the renminbi’s trading band for a record 11th straight day, taking its currency to an eight-year low as expectations of US interest rate rises buoyed the dollar against the region’s currencies. This puts the renminbi within a hair’s breadth of suffering a 10 per cent decline versus the dollar since the People’s Bank of China caught markets by surprise with its one-off devaluation in […]
Donald Trump has begun putting together his transition team and naming the cabinet members who will come to power in Washington after the inauguration on January 20. Follow the FT’s guide to the main players he has already picked — and the positions yet to be filled — here. Trump’s choices: MIKE PENCE Vice-president © AFP Mike Pence, the Indiana governor and former congressman, was picked as Donald […]
Photo Iraqi forces watched television coverage of President-elect Donald J. Trump in the village of Arbid on the southern outskirts of Mosul last week. Credit Ahmad Al-Rubaye/Agence France-Presse — Getty Images ERBIL, Iraq — Many Muslims in the Middle East have reacted with a mix of caution, suspicion and scorn to Donald J. Trump’s election victory and his appointments of aides with hostile views toward Islam. Struggling […]
Submitted by Eric Peters via EricPetersAutos.com, It is good that Hillary lost – obviously. But it may prove to be the worst thing that could have happened. Depending on what Trump does as president. If he governs as a Republican, it is time to pack bags. Because the clock is ticking. We will have – at best – four years before something far worse than Hillary returns, […]
Neel Kashkari picked a bad day to try to fix the financial system. As the president of the Federal Reserve Bank of Minneapolis unveiled a plan to safeguard the biggest banks on Wednesday morning, shares in the likes of JPMorgan Chase, Bank of America and Citigroup were coming off five days of frantic gains. Analysts, meanwhile, were still pumping out research notes, trying to guess what a […]
President-elect Donald Trump, who faces dozens of lawsuits from his business dealings, has agreed to pay $25m to resolve claims brought by New York state and thousands of students alleging he ran a fraudulent real estate course. The settlement includes a lawsuit filed by Eric Schneiderman, New York’s attorney-general, who sued Mr Trump, The Trump Entrepreneur Institute, formerly known as Trump University, and Michael Sexton, the former […]
ABU DHABI // The UAE on Friday reaffirmed its commitment to the global battle against climate change. Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs, told the Cop22 summit in Morocco of the country’s belief in the importance of turning the Paris Agreement into a reality. “Turning the Paris Climate Agreement into real initiatives requires enormous efforts and collaboration at the local, regional […]
Already, many Israelis and Palestinians are buzzing about the prospect. Where would the embassy go? Would it straddle the line between West Jerusalem, which is predominantly Jewish, and East Jerusalem, which is predominantly Arab? Would it touch off street protests in Palestinian cities or a backlash among Arab allies like Egypt and Saudi Arabia? Continue reading the main story “Jerusalem is a symbolic, emotional and real issue,” […]
You can read a fuller analysis of the markets moves here. Donald Trump’s shock presidential election victory wrongfooted many investors and triggered a convulsion across financial markets — although not always in the way analysts expected. Here are some charts that show how markets have been upended by the unconventional Republican candidate’s triumph and expectations that he will unleash a big economic stimulus package of tax cuts […]
Friday 17:00 GMT. Wall Street slipped as the dollar climbed to a new 13-year high and US government bond yields hit multi-month peaks on Friday on expectations that president-elect Donald Trump’s policies will boost the economy and deliver tighter monetary policy. After a mixed Asia-Pacific session, which included Japanese equities entering a bull market, the pan-European Stoxx 600 slide 0.3 per cent. Investors have been eyeing the […]
Click on to the “secret” Pantsuit Nation Facebook group – a Hillary Clinton support community of sorts – and the first post you’ll find is one written by the administrators. Part of the post lays out the dos and don’ts of the group: DO post positive stories; DON’T post memes; DO invite like-minded individuals and report posts that seem “out of line”; DON’T share the stories, outside […]
You can read our charts-based explainer here. Sometimes the end of an era comes imperceptibly, with it only becoming apparent long after the fact. But many investors are in little doubt that Donald Trump’s election victory loudly trumpets that an entirely new market regime is nigh. The subsequent shockwaves — which sent equities powering higher on stimulus hopes, bonds crashing on inflation fears and emerging markets quaking […]
Donald Trump has claimed credit for keeping a Ford plant from moving to Mexico after the automaker said it would continue making its Lincoln model in Kentucky, though the company denied it ever planned to move the factory. The president-elect said on Twitter that he had been called by Bill Ford, chairman of the carmaker, who told him “he will be keeping the Lincoln plant in Kentucky […]
U.S. stocks looked set to open little changed on Friday, with all three major indexes near record highs, a day after Federal Reserve Chair Janet Yellen sent a strong signal that interest rates would be increased next month. The Fed could raise rates “relatively soon”, Yellen said in a congressional testimony on Thursday, adding that she would serve out her term. Traders are pricing in an 83 […]
The last time we encountered David Brock, Hillary Clinton’s so called media “attack dog”, was two months ago when we exposed a money laundering scheme involving over a dozen of his Pro-Clinton SuperPACs. Now, it appears that unable to concede defeat, the man who aligned his career with Hillary Clinton, is going for blood, and is soliciting the help, but mostly money, of Clinton’s top donors. According […]
The market interpretation of the US election result can be expressed in just three letters, repeated several times: “USA! USA! USA!” Amid the noise that followed last week’s election victory for Donald Trump, one signal was clear — whatever the outcome will be the US, it will be far worse for the rest of the world in general, and emerging markets in particular. Outside of financial crises, […]
President Barack Obama will hold talks with Chancellor Angela Merkel and other European leaders in Berlin on Friday, addressing a range of economic and security issues and their concerns about his successor Donald Trump. Syria, international terrorism, climate change and the threats posed by Russia will feature high on the agenda at the meeting, the final engagement of Mr Obama’s farewell trip to Europe. The leaders were also […]
By David Shepardson | WASHINGTON WASHINGTON U.S. President-elect Donald Trump said Ford Motor Co Executive Chairman Bill Ford Jr told him the automaker would not move a Kentucky plant to Mexico, but the firm said it informed him the decision was to keep one vehicle in U.S. production. On Thursday, Trump posted on Twitter: “I worked hard with Bill Ford to keep the Lincoln plant in Kentucky. […]
For much of the last decade the derivatives industry has been caught in the gravitational pull of the Dodd-Frank act, the sweeping piece of legislation meant to contain the risk of another financial crisis. Six years after its passage, US president-elect Donald Trump wants to dismantle the law. The industry, however is not racing to join him. At this week’s Global Financial Leadership Conference, a gathering of derivatives traders, […]
By Andrea Hopkins | OTTAWA OTTAWA Canadian manufacturers want their access to the U.S. market protected at all costs if Canada renegotiates the NAFTA trade deal with U.S. President-elect Donald Trump, even if that means losing the trilateral partnership with Mexico. Amid fears a Trump administration will tear up the North American Free Trade Agreement, the Canadian Manufacturers and Exporters group is lobbying Canada’s Liberal government to […]
Members of Donald Trump’s administration will have to agree to a lifetime ban on lobbying for foreign governments, his transition team said on Thursday, as the president-elect seeks to reassure voters that he is sticking to his promise to rid Washington of cronyism and corruption. Mr Trump ran on a campaign to “drain the swamp”, but his transition team has sputtered in recent days, flip-flopping on whether it will […]
