Japan Hedge Fund Sees Trump’s Policies Boosting Topix by 15%

Toshihiro Hirao, whose Japan hedge fund posted its biggest decline ever last year, sees relief ahead as he expects President Donald Trump’s policies to boost Japanese equities by the most in three years. Hirao, 52, who runs the Asuka Japanese Equity Long Short Strategy in Tokyo, is predicting that Trump’s pro-business agenda will help strengthen the dollar, stoking a 15 percent increase in the Topix index this year.

Australia cracks down on visas for fast food industry

Australia will largely end granting visas to foreign workers to fill jobs in the fast food industry, the nation’s immigration minister has said. Since 2012, more than 500 foreign staff have been granted a visa – known as 457 – to work at businesses including McDonald’s, KFC and Hungry Jack’s.

Schumer to feds: Let Upstate NY Jewish centers trace threatening calls

NEW YORK, March 1 The U.S. Federal Communications Commission said on Wednesday it was exploring what it could do to help law enforcement track down who has made telephone threats to almost 100 Jewish Community Centers across the United States in recent months. When asked for the FCC’s reaction to Schumer’s inquiry, agency spokesman Neil Grace on Wednesday issued a statement to Newsday saying the chairman “is very concerned about the bomb threats being made to Jewish Community Centers across our country”.

U.S. Stock ETFs Rally with Dow Breaking 21,000

U.S. equities and stock exchange traded funds climbed Wednesday, with the Dow Jones Industrial Average topping 21,000 for the first time ever, as investors grew more optimistic on the economic outlook, following announcements from President Donald Trump and Federal Reserve officials.

Manitowoc CEO: Trumpa s Infrastructure Plan Will Help Rehire Our Workers

Manitowoc Company CEO & president Barry Pennypacker on Trump's $1 trillion infrastructure plan, and how a border tax would impact his company. “Crumbling infrastructure will be replaced with new roads, bridges, tunnels, airports and railways gleaming across our very, very beautiful land,” Trump said in his first address to a joint session of Congress on Tuesday.

New Jersey Home Sales Surged in January

Home sales in New Jersey surged in January, continuing a trend of strengthening sales as the employment picture continues to improve. Sales of new and existing homes in January increased 14% compared with the same month in 2016, and rose 31% from 2015, according a market report by Jeffrey Otteau, president of the Otteau Group, an appraisal and consulting firm.

Dow 21K: Should investors buy in?

Mar. 01, 2017 – 3:44 – Tim Courtney from Exencial Wealth Advisors, CFRA chief investment strategist Sam Stovall and Art Hogan from Wunderlich Securities discuss when investors should get in on the market as the Dow surpasses 21K.

How alleged ISIS videos are creating a headache for WordPress

A group that monitors extremist activity on Wednesday called for the parent company of WordPress.com to shut down Web sites the group says are used by ISIS and al-Qaeda affiliates to publicize “vile” and violent acts, including videos of beheadings and other atrocities. The Counter Extremism Project, a non-partisan research and advocacy group based in New York, said U.S.-based tech companies have been providing crucial infrastructure for the propaganda of anti-American militant groups, often unwittingly.

SEC Advisory Committee to Question Snap’s Transparency

An investor committee that advises the U.S. Securities and Exchange Commission will examine if the Snap Inc.’s decision to deny shareholders voting rights will reduce Snap’s public revelations regarding executive pay and governance affairs, the head of the committee told Reuters Wednesday evening. The review is expected sometime next week.

Overnight Tech: FCC votes in favor of stay on data security |…

FCC VOTES TO HALT INTERNET PRIVACY RULE: The Federal Communications Commission on Wednesday voted 2-1 along party lines to prevent a new internet privacy rule from taking effect. The provision was part of a larger set of broadband privacy rules passed by the FCC in October under the Obama administration and set to go into effect on Thursday.

FCC halts Internet privacy rule that imposes data security requirements on broadband providers

The Federal Communications Commission on Wednesday voted to halt an Internet privacy rule that would have imposed data security requirements on broadband providers. The move, by a 2-1 vote, came after the agency’s new Republican chairman, Ajit Pai, indicated last week that he opposed the provision and broader privacy rules because they imposed tougher restrictions on high-speed Internet providers than on websites and social networks.

FCC puts data security protections on hold – CNET

As expected the Federal Communications Commission on Wednesday voted 2-1 along party lines to stop a new data security rule from taking effect. It was part of a bigger set of privacy regulation, approved by the FCC in October , that’s supposed to protect consumers’ sensitive personal information online.

Dalio Jolts Bridgewater as Rubinstein Exits After 10 Months

Ray Dalio shook up management at his Bridgewater Associates for the second time within a year in a sign that the billionaire is grappling with succession planning at the world’s largest hedge fund. Dalio said he will step down as interim co-chief executive officer next month and will remain co-chief investment officer.

New photos reveal what really happened backstage during the…

In the latest chapter of the Oscars best-picture fiasco known as #Envelopegate, Variety published a story on Wednesday that breaks down in photos and a timeline how PricewaterhouseCoopers accountant Brian Cullinan mixed up the envelopes that led to presenters Warren Beatty and Faye Dunaway going onstage and announcing the wrong winner for best picture. One of those photos, above, shows Cullinan holding two envelopes nearby Beatty backstage, as Beatty was preparing to present best picture.

Micron Stock Rising on Goldman Upgrade

Shares of Micron Technology are higher by 4.42% to $24.48 on Wednesday afternoon, after the chip-maker was upgraded to “buy” from “neutral” at Goldman Sachs . The firm upgraded the stock as it sees a “tactical opportunity” in the name, CNBC.com reports.

10 Crazy Facts About The Warldorf-Astoria

The Waldorf Astoria, with its iconic gilded towers framing Park Avenue, is closing its doors today. Hilton Worldwide sold the illustrious hotel to China’s Anbang Insurance Group to the tune of $1.95 billion in 2014, and now it’s finally time to say goodbye to the historic landmark as we know it.

In Bid To Spur Growth of VR Market, Oculus Drops Price of Rift By $200

The consumer VR industry is currently in a bit of a chicken-and-egg loop, with most hardware makers seeing modest sales, in part because there’s not enough great VR content available-which of course is due to the fact that many developers are wary of building content for platforms that aren’t yet fully mainstream. Still, the market for VR hardware is expected to hit $3.6 billion this year, and $37.7 billion for hardware and software by 2020 .

50-year-old North Dakota power plant closes

The Minnesota-based company said in July it would shutter the plant rather than move forward with expensive upgrades. Last week, the plant’s control panel and power was disconnected from the power grid for the final time, the Bismarck Tribune reported.

Chuck Schumer Seeks FCC Waiver To Unscramble, Trace Origin Of Bomb Threats To Jewish Centers

After a disturbing rash of anti-Semitic acts, which includes Jewish cemeteries being vandalized and bomb threats called in to Jewish community centers, Senate Minority Leader Chuck Schumer asked the Federal Communications Commission for a waiver that would allow authorities to unscramble anonymous phone numbers that are being used to call in threats. Schumer’s letter specifically referred to a series of bomb threats that were made on Feb. 27 to 11 JCCs, several of them in or near New York.

U.S. Firms Say Job Market Tight, Generally Upbeat on Economy: Fed

The U.S. economy expanded at a modest-to-moderate pace from early January through mid-February, the Federal Reserve said on Wednesday, although firms were less optimistic amid some uncertainty about the Trump administration’s fiscal policies. “Businesses were generally optimistic about the near-term outlook but to a somewhat lesser degree than in the prior report,” the U.S. central bank said in its Beige Book survey on the economy, which was collated from anecdotal evidence provided by business contacts across the country.