Via ConvergEx’s Nicholas Colas, Want to know why US stocks feel so fragile? Perhaps we can blame Wall Street analysts. Even after two months of market buzz about lower taxes, infrastructure spending and less regulation juicing investor expectations for better earnings growth, they refuse to bump their revenue or earnings estimates for 2017. Our monthly look at revenue expectations for the companies of the Dow […]
Janet Yellen, the Fed chair, has warned that the US risks a “nasty surprise” if it waits too long to continue raising interest rates, adding that she expects the US central bank to tighten monetary policy a few times a year until 2019. But on the cusp of Donald Trump’s inauguration as an economy-focused president, she also said slow productivity growth meant the US’s “usual” rate of […]
By Patricia Zengerle | WASHINGTON WASHINGTON Donald Trump’s pick for U.N. ambassador will echo his condemnation of the world body’s treatment of Israel at her Senate confirmation hearing on Wednesday, although offering some praise for an organization the president-elect has disparaged. Nikki Haley, a rising star in the Republican Party, will face tough questioning from the Senate Foreign Relations Committee about her lack of experience in foreign […]
This week, BuzzFeed roiled the media world when editors published a 35-page dossier containing explosive and unverified accusations against President-elect Donald Trump. Shortly after, Trump blasted BuzzFeed in his first press conference since the election, calling the company “a failing pile of garbage.” But does he have grounds to take his grievance from the briefing room to the courtroom? Legal experts say he’d have a tough case. […]
Qualcomm, the world’s leading mobile chipmaker, has now been dragged to court by U.S. antitrust officials for alleged anti-competitive practices. Particularly, the Federal Trade Commission accused it of violating the FTC Act in the manner it licenses its technology to crush rivals, stifling innovation in the process. In the complaint filed before a federal district court, FTC stated that Qualcomm is using its stable of patented technology […]
Abu Dhabi – UAE, January 17, 2017 The Ministry of Climate Change and Environment (MoCCAE) signed a Memorandum of Understanding with the Food Security Centre – Abu Dhabi on the promotion of food security in the United Arab Emirates. His Excellency Dr Thani Ahmed Al Zeyoudi, Minister of Climate Change and Environment, and HE Mohammed Ahmed Al Bawardi, Chairman of Food Security Center, Abu Dhabi, signed the […]
SACRAMENTO San Francisco Federal Reserve Bank President John Williams on Tuesday called for gradual U.S. interest-rate hikes over the next few years to keep the economy from overheating and ultimately falling into recession. With the unemployment rate at 4.7 percent, the U.S. economy has reached full employment, Williams said, adding that inflation is on track to reach the Fed’s 2-percent goal over the next couple of years. […]
The US has sued Qualcomm over the way it licenses its technology for mobile phones, hitting at the business that generates most of the US chip company’s profits. The case follows an investigation begun in 2014, but which was accelerated in recent weeks as the Federal Trade Commission moved towards filing a high-profile antitrust case just days before a new administration takes control in Washington. Qualcomm’s shares […]
|Arabian Post Staff| A session of the Middle East Policy Council held last week in Washington on the theme. “U.S. Commitments in the Middle East: Advice to the Trump Administration” offered viewpoints from veterans of the Obama administration and observers of the incoming Trump one on how President-elect Trump’s worldview might intersect with some of the region’s most pressing foreign policy challenges. The four-person panel had expertise […]
Donald Trump has threatened to overturn two decades of US economic policy by questioning the strong value of the dollar, raising fears that his presidency could set off a new round of currency wars between the world’s major economies. On Monday the president-elect appeared to break from the longstanding “strong dollar” policy of successive administrations, declaring that the currency was too high and that this was preventing […]
By Letitia Stein | TAMPA, Fla. TAMPA, Fla. The wife of the gunman who killed 49 people at a gay nightclub in Orlando, Florida, last year was due in court on Tuesday, accused of misleading authorities investigating the deadliest mass shooting in modern U.S. history. A federal indictment unsealed on Tuesday showed Noor Salman, 30, who was arrested on Monday in California, is charged with obstructing justice […]
ATLANTA The daughter of slain civil rights leader Martin Luther King marked the holiday that honors her father on Monday by siding with African-American congressman and activist John Lewis over President-elect Donald Trump in an imbroglio that erupted over the weekend. Lewis, 76, a contemporary of King’s who endured beatings and jail time in the fight for racial equality in the 1960s, said in a televised interview […]
Asset price movements in the past few weeks have pointed both to the upside and a major risk for the global economy and markets under a Trump administration. Enthusiasm over higher US growth powering the global economy has been tempered at times by worries that certain elements of the president-elect’s “America First” approach could undermine longstanding trading relationships, opening up the risk of economic and financial disruptions. […]
Submitted by Martin Armstring via ArmstrongEconomics.com, Al Sharpton seems to be doing whatever he can to mislead minorities in a very dangerous way. He has been organizing civil rights activists vowing to defend what they say are hard-fought gains in voting rights and criminal justice prior to the presidency of Donald Trump. Sharpton is not stupid. He knows what he is doing. Why did he not do […]
OTTAWA Canada’s ethics watchdog is investigating Justin Trudeau for potential breaches related to his recent holiday on an island owned by the Aga Khan, the first time a prime minister has faced such scrutiny, media reported on Monday. Trudeau has been confronted with repeated questions from the opposition about his vacation in the Bahamas over the New Year’s holiday and said last week that he had flown […]
Driverless: Intelligent Cars and the Road Ahead • By Hod Lipson and Melba Kurman • MIT Press • 328 pages • ISBN: 978-0262035224 • £19.95 / $29.95 There is an old joke that has Bill Gates, then CEO of Microsoft, boast to the CEO of General Motors that if Microsoft built cars, they would cost $25 and get 1,000 miles per gallon. The GM CEO is supposed […]
By Noah Barkin | DAVOS, Switzerland DAVOS, Switzerland A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos. As political leaders, businessmen and bankers converge on the resort in the Swiss Alps this week, they can draw hope from a more benign […]
US companies have rushed to renegotiate their loans at the start of the year, taking advantage of strong investor demand for debt that is more insulated against an expected rise in interest rates. January’s re-pricing volume has already reached $41.6bn — the highest monthly volume since January 2013 with a further two weeks before the month ends, according to data from LCD, an offering of S&P Global […]
Optus has announced extending mobile coverage along the Highway 1 route in Western Australia by using nine small cells that utilise Optus’ satellite services rather than having to build out additional mobile towers. The small cells will be located at the Billabong Roadhouse, Overlander Roadhouse, Wooramel Roadhouse, Minilya Roadhouse, Nanutarra Roadhouse, Fortescue River Roadhouse, Pardoo Roadhouse, Sandfire Roadhouse, and 80 Mile Beach, Western Australia. “We are investing […]
The UAE is upskilling its population – and not only nationals. During a Federal National Council session on January 10, Minister of Human Resources and Emiratisation, Saqr Ghobash Saeed Ghobash, revealed the country is attempting to increase the number of “highly skilled” workers to 40 percent of the workforce by 2021. Currently, workers categorised in the top three skill levels, including executives and those with tertiary qualifications, […]
An alternative for resource intensive formwork for the construction of concrete domes has been developed. It is now used in a test dome for the Austrian Federal Railways Infrastructure. (via WSJ)
By Paul Lienert and David Shepardson | DETROIT/WASHINGTON DETROIT/WASHINGTON Japan’s Takata Corp (7312.T) on Friday agreed to plead guilty to criminal wrongdoing and to pay $1 billion to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators linked to at least 16 deaths worldwide. The deal was announced hours after prosecutors in Detroit charged three former senior Takata executives with falsifying test results […]
Amazon is apparently gearing up to test out different prototypes of wireless technology and is eyeing a green signal from the U.S. government Both Facebook and Google have been conducting numerous wireless tests under the Federal Communications Commission’s (FCC) experimental authority in recent years. A report from Business Insider, which unearthed a government filing from Amazon, reveals that the e-retailer will follow in the footsteps of Google […]
Submitted by Mac Slavo via SHTFPlan.com, Is there a coup underway, while America is in the transition period, and before Trump swears in as the 45th president of the United States? How real is the clash between the rogue Manhattan billionaire and the intelligence gang behind the throne? Who will win the struggle for power over foreign policy? These are serious times and require serious considerations. The […]
