Wall Street on Cloud Nine since Trump’s election

The bronze sculpture of a bull that stands near the New York Stock Exchange serves as a symbol of Wall Street’s power perhaps this year more than ever. Since President Donald Trump took office a year ago, the principal US stock indexes have gained by leaps and bounds, hitting a record string of records. “I have… Please follow and like us:

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White House doctor says Trump scored perfect marks on cognitive test, needs to lose weight

WASHINGTON — President Donald Trump registered a perfect score on a cognitive screening test as part of his physical examination taken last week, the White House physician said Tuesday, adding that Trump requested the test to rebut accusations that his mental faculties are declining. “There’s no indication whatsoever that he has any cognitive issues,” Rear Adm.… Please follow and like us:

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Germany to add China’s yuan to currency reserves

Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalise the currency and helping send the unit to two year highs. The Bundesbank said its board had decided in July to invest in the renminbi, as it is also known, to take account of its… Please follow and like us:

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How Gulf carrier subsidies threaten economic security

Last month, President Trump laid out his foreign policy doctrine in a speech that emphasized economic security as a key piece of America’s national security policy. He called for “trade based on the principles of fairness and reciprocity” and “firm action against unfair trade practices.” The administration has already correctly identified one of the mosLast month, President Trump laid out his foreign policy doctrine in a speech that emphasized economic security as at rampant… Please follow and like us:

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Why Trump Is Thinking Of Bringing Back ‘Earmarks’

President Donald Trump suggested last week that lawmakers bring back “earmarks,” a practice that for centuries helped transform Washington into a “swamp” riddled special interests, out-of-control spending and unaccountability. “Maybe all of you should start thinking about going back to a form of earmarks,” Trump said Tuesday to a group of Republican and Democratic congressman gathered… Please follow and like us:

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After Consumer Financial Protection Bureau Freezes Data Collecting, Sen. Elizabeth Warren Demands Reversal

A federal court last week again ruled in favor of Mick Mulvaney as the rightful head of the Consumer Financial Protection Bureau, which strengthens his hand on such issues as the recent decision to freeze data collection in light of cybersecurity concerns. But Sen. Elizabeth Warren, D-Mass., who conceived the idea of the consumer agency, which… Please follow and like us:

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Hawaii: False ballistic missile alert sparks panic

A false alarm has put the people of Hawaii through a terrifying ordeal. A ballistic missile was heading their way, according to an urgent message sent to their mobile phones on Saturday morning local time. TV and radio also carried the warning. North Korea however hadn’t fired anything. It was a case of human error by… Please follow and like us:

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China’s US surplus jumps as trade with world picks up

China’s trade surplus with the United States expanded last year, raising the possibility of fresh blowback from President Donald Trump who has often bashed Beijing over the issue and fanned fears of a trade war. The increase came despite a tumble in China’s global surplus as domestic demand spurred a rally in imports. The figures on… Please follow and like us:

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Rebooting Canada’s failed NAFTA strategy

By Danny Lam, Research Associate Environment & Security, University of Waterloo. Canada’s NAFTA strategy is in big trouble. Prime Minister Justin Trudeau is seen here meeting with U.S. President Donald Trump in the Oval Office of the White House in February 2017. (THE CANADIAN PRESS/Sean Kilpatrick) Canada’s NAFTA strategy is in trouble, to the extent that… Please follow and like us:

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China denies report it could halt US bond purchases

China denied on Thursday a report that it may slow or cease its purchases of US Treasury bonds, calling it a possible case of “fake news” after the dollar tumbled following the story. Bloomberg News reported Wednesday that officials reviewing China’s foreign-exchange holdings had recommended slowing or halting purchases of US Treasuries, citing people familiar with… Please follow and like us:

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Another Sign Of Cryptocurrency Regulations?

The noose of regulation seems to be closing around the Medusa’s head-like neck of cryptocurrencies. After months of monitoring by various agencies, the financial services panel of the Senate will meet top market regulators early in February to discuss bitcoin and other cryptocurrencies, as well as the possible risks their trading poses, Reuters reported Wednesday. Citing… Please follow and like us:

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Robert Mueller money laundering push could spark constitutional crisis

Any move by special counsel Robert Mueller to go beyond collusion and obstruction of justice to probe possible money laundering by President Trump and his family could trigger a major constitutional clash – and present Congress with a massive political headache. With nearly eight months gone by and some $7 million spent on Mr. Mueller’s Russia… Please follow and like us:

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Walmart Joins Bonus Bandwagon with $1,000 Checks

Walmart, the nation’s largest employer, said Thursday it will raise its minimum wage to $11 per hour, expand maternity leave options for workers and give $1,000 bonuses to hourly employees, based on their years of service. The bonus announcement comes as corporations and small businesses prepare for a corporate tax cut and a reduction in taxes… Please follow and like us:

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Russia Denounces US Senate Report on Meddling as ‘Unfounded’

Russia has denounced a U.S. Senate report which accuses the Kremlin of election meddling with the intent to undermine democracies, saying it is “unfounded” and damaging for relations between the two countries. U.S. Senate Democrats on Wednesday warned that Russian operations to undermine democracy extend far beyond U.S. elections and accused President Donald Trump of failing… Please follow and like us:

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Judge denies injunction to remove Mick Mulvaney as consumer bureau’s acting director

A federal judge on Wednesday denied a request for a preliminary injunction to remove Mick Mulvaney as acting director of the Consumer Financial Protection Bureau. The judge sided with Mulvaney — President Donald Trump’s choice for the interim position — over Leandra English, the agency’s deputy director who has said she is the rightful acting director.… Please follow and like us:

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