Dollar Drops, Gold Gains as U.S. Stocks End Lower: Markets Wrap
published Jan 31st 2017, 3:03 pm, by Jeremy Herron (Bloomberg) —The dollar extended its worst month since March as the Trump administration reiterated its preference for a weaker American currency. Stocks capped a fourth loss as an afternoon comeback fell short, while gold and Treasuries gained on haven bids. The
Trump Won’t Target U.S. Citizens in Terror Strikes, Spicer Says
published Jan 31st 2017, 2:33 pm, by Toluse Olorunnipa (Bloomberg) —White House Press Secretary Sean Spicer said the U.S. military under President Donald Trump would never target any U.S. citizen, including those suspected of terrorism on foreign soil. “No American citizen will ever be targeted,” Spicer told reporters on Tuesday
Immigration, Obamacare, Unintended Consequences: Megan McArdle
published Jan 30th 2017, 2:19 pm, by Megan McArdle (Bloomberg View) —So far President Donald Trump has taken the first steps to build his famous border wall, and to make it easier for agents to find immigrants who are in the U.S. illegally, and to deport people. The Obama administration
Elon Musk’s Trump Outreach Is Angering The Resistance
published Jan 30th 2017, 3:16 pm, by Tom Randall (Bloomberg) —Sometimes it seems like Elon Musk is spacewalking without a tether. America’s clean-energy icon—the founder of Tesla Motors and SpaceX—riled up many of his supporters this weekend by offering a decidedly tepid criticism of President Donald Trump’s executive order restricting immigrants and refugees
Why You’re Paying So Much to Exercise
published Jan 30th 2017, 6:00 am, by Ben Steverman (Bloomberg) — On a frigid Sunday this month, Rianka Dorsainvil, a 29-year-old financial planner outside Washington, D.C., found herself running up a steep, snowy hill wearing a 20-pound vest and dragging a 215-pound man behind her. She was paying for the
Trump’s Big Infrastructure Plans Will Stay Big: Albert R. Hunt
published Jan 29th 2017, 10:00 am, by Albert R. Hunt (Bloomberg View) — Infrastructure just resonates for Donald Trump — more than tax cuts, or confrontation with China or even the wall that Mexico isn’t going to pay for. He’s a self-styled genius builder and likes to think big. There
Trump Administration Tries to Quell U.K. Fears Over Travel Ban
published Jan 29th 2017, 4:25 pm, by Robert Hutton and Andrew Atkinson (Bloomberg) —The Trump administration moved to reassure the U.K. over the impact of its immigration ban, saying only people traveling from seven Muslim-majority countries will be hit by it. Prime Minister Theresa May ordered her top diplomat, Boris
Ford Plunks Down $200 Million Bet on Trump and Awaits Reward
published Jan 26th 2017, 2:30 pm, by Keith Naughton (Bloomberg) — Ford Motor Co. revealed Thursday the price paid for its aggressive push to curry favor with President Donald Trump: $200 million. Within fourth-quarter results that met analyst expectations, Ford took a $200 million charge to cover the cost of
China’s `Creative’ Way to Fight Outflows Unsustainable, S&P Says
published Jan 26th 2017, 5:33 pm, by Narae Kim (Bloomberg) —Beijing’s bid to rope banks into its quest to stem capital outflows wins top marks for creativity, but it won’t stem the tide in the long term, says Paul Gruenwald, the chief Asia Pacific economist at S&P Global Ratings. The
Trump Will Keep Vow to Put Embassy in Jerusalem, Giuliani Says
published Jan 26th 2017, 4:01 pm, by Michael S. Arnold and Jonathan Ferziger (Bloomberg) — President Donald Trump will keep his pledge to move the U.S. embassy in Israel to Jerusalem, former New York City Mayor Rudolph Giuliani said, despite Palestinian warnings that such a step would spark violence and