An unverified dossier provided to US intelligence officials alleges that President-elect Donald Trump “agreed to sideline” the issue of Russian intervention in Ukraine during his campaign after Russia promised to feed the emails it stole from prominent Democrats’ inboxes to WikiLeaks. The dossier was part of an opposition-research project conducted by a former British spy , Christopher Steele, at the behest of anti-Trump Republicans and, later, Democrats.
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Mega-mergers poised to get green light under Trump
Donald Trump Dem sen: Lewis’ comments on Trump ‘uncalled for’ Mark Hamill mocks Trump by reading Meryl Streep tweets as the Joker Priebus: John Lewis’s comments ‘irresponsible’ MORE ‘s incoming administration will be more favorable to corporate mergers, experts and business groups believe, marking a sharp shift from the Obama years. Trump’s team is tapping nominees who have offered support for scaling back regulations and oversight as companies in key industries look to consolidate.
7 Reasons to Use a Roth IRA to Save for Retirement
The Roth IRA is one of the best, but least understood, ways for Americans to save and invest for their retirement. There are several things most people don’t realize about Roth IRAs — for example, did you know that you can withdraw your Roth contributions whenever you want, without penalty? Here’s what you need to know about the benefits of investing with a Roth IRA.
What Does 2017 Hold for Obamacare?
The Affordable Care Act became law in 2010, and the law has remained controversial long after its enactment. Until recently, policymakers didn’t expect any major changes to Obamacare during 2017, but they acknowledged that the outcome of the 2016 presidential election would have huge implications for the fate of healthcare reform going forward.
U.S. House Votes to Begin Repealing Obamacare
U.S. House Republicans on Friday won passage of a measure starting the process of dismantling Obamacare, despite concerns about not having a ready replacement and the potential financial cost of repealing repealing Democratic President Barack Obama’s landmark health insurance law. The House of Representatives voted 227-198 to instruct committees to draft legislation by a target date of Jan. 27 that would repeal the 2010 Affordable Health Care Act, popularly known as Obamacare.
U.S. Banks to Stay in Fashion as Earnings Kick Off
U.S. bank stocks will stay in favor with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if U.S. President-elect Donald Trump lives up to his campaign promises. Wells Fargo & Co.
Russian Hill Gothic Tudor formerly owned by Nicolas Cage asks…
Right next to the cable car track in Russian Hill sits 898 Francisco St., a 1914 Gothic Tudor formerly owned by Face/Off and Con Air star Nicolas Cage. As Curbed explains , the actor paid $9.4 million for the house and an adjacent vacant lot in 2006, though it’s unclear if he ever actually lived in it.
Cramer: Trump Could Make Caterpillar Great Again
Caterpillar is one of a few stocks ideally positioned to benefit from President-elect Donald Trump’s $500 billion “Make America Great” infrastructure plan, Jim Cramer says. “I believe that [the] infrastructure situation that Trump is talking about will uniquely play in the Caterpillar’s hands,” Cramer said Wednesday during an exclusive monthly call with members of his Action Alerts PLUS investing club.
U.S. House Takes First Step Toward Obamacare Repeal
The Republican-led U.S. House of Representatives on Friday approved a measure making the first move toward scrapping Obamacare, joining the Senate in instructing key committees to write legislation repealing the health insurance law. Eliminating Obamacare is a top priority of the Republican-majority Congress as well as President-elect Donald Trump, who has urged lawmakers to act quickly.
Cellphone carriers are bracing for massive data usage during the inauguration
All around the National Mall, what look like strange, giant meatballs or cheese wheels on a stick have been mysteriously cropping up. Fenced in and padlocked, these towering structures might easily be confused for spy equipment or extra security – perhaps not a bad guess for a city that’s among the world’s most heavily defended.
The Huge Difference Between Business And Political Strategies
Donald Trump’s entire campaign rested on his lack of political experience. He was the outsider promising to drain the swamp.
Chinese Paper Calls Tillerson’s South Sea Threat – Foolish’
China’s state media rebuffed a suggestion by President-elect Donald Trump’s nominee for secretary of state that Beijing must be denied access to reclaimed reefs in the disputed waters of the South China Sea. large-scale war in the South China Sea, any other approaches to prevent China access to the islands will be foolish,” the Communist Party-run Global Times newspaper wrote in an editorial.
Amazon’s Commitment to 100,000 New U.S. Jobs Highlights Its Relentless Growth Ambitions
While one big storyline out of this could be how the move puts the company in alignment with President-elect Donald Trump’s outspoken priority to create jobs in the U.S., there’s another narrative the announcement highlights — one that investors will appreciate: The big hiring spree reflects the aggressive growth the company believes it still has ahead of it. A quick overview of Amazon’s announcement about its expected job creation in the U.S. over the next 18 months highlights a fast-growing company without any plans to slow down.
Trying to automate a home can take patience and an eye for detail.
Jacob Atalla, vice president of sustainability initiatives at KB Home, views the “scenes” he can use inside Apple’s Home app to control the various smart home devices inside a model home in the company’s Promenade development on Communications Hill in San Jose. The company is now offering packages of smart home features that are designed to work with Apple iPhones and iPads for houses in that neighborhood and in a development in Fremont.
Fiat Chrysler Accused of Diesel Emissions Cheating by U.S.
Fiat Chrysler Automobiles NV was accused of violating pollution laws with 104,000 diesel vehicles, sending the shares plunging on the prospect the automaker may follow Volkswagen AG in facing billions of dollars in fines. The Environmental Protection Agency alleged Fiat Chrysler put software in Jeep Grand Cherokee and Ram 1500 models that allows them to exceed pollution limits.
Kellyanne Conway Addresses Trump’s Stance on China as a Currency Manipulator
Trump adviser Kellyanne Conway says the President-elect will be tougher on those who have not been ‘accounted for’ under the previous administration. President-elect Donald Trump seems to enjoy his Twitter account, taking to the online social media platform to make known his stance on a plethora of topics.
Disney, CBS and Twitter Downgraded on ‘Capital-Destroying’ Risks Associated With Trump
The three were among several other tech and media stocks downgraded due to ‘political risks’ arising from Trump’s impending administration. Disney , Twitter , CBS and a slate of other media and technology companies were downgraded by a Pivotal Research analyst on Wednesday due to several risks that could materialize under President-elect Donald Trump’s administration.
Dimon Praises Cabinet Picks, Says He’s Optimistic About Trump
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he’s optimistic about President-elect Donald Trump’s administration because of the group of people he’s assembled to fill his cabinet.
Amazon to Create 100,000 New Jobs in U.S. in Next 18 Months
Amazon.com Inc. revealed plans to hire more than 100,000 people in the U.S. in the next 18 months, grabbing the spotlight as President-elect Donald Trump pushes companies to employ more Americans. The staffing up isn’t particularly surprising for a company moving into multiple categories from groceries, hardware and video to fashion and cloud services.
Trump meets with AT&T execs about Time Warner merger
Donald Trump Trump vs. the Democrats: Is this the end of the 100-year war over the Estate Tax? French far-right leader Le Pen spotted at Trump Tower Pompeo would ‘absolutely not’ obey torture order from Trump MORE on Thursday morning met with AT&T CEO Randall Stephenson as the company pushes for support for its planned merger with Time Warner. Stephenson and Robert Quinn, AT&T’s senior vice president for legislative affairs, arrived at Trump Tower shortly after 9 a.m., according to pool reports.
European Stocks Called Lower as Dollar Tumbles Following Trump Press Conference
European stocks are expected to open lower Thursday as investors react to a slide in the U.S. dollar and a renewed rally in fixed income markets following the President elect Donald Trump’s first press conference since winning the November elections. Britain’s FTSE 100 , fresh off its twelfth consecutive closing high Wednesday, is likely to drift a few points lower at the open, according to financial bookmakers IG, with similar declines called for the DAX and CAC-40 benchmarks in Germany and France.
Asian shares mixed after Trump offers scant policy details
A man stands in front of an electronic stock board showing global stock indexes at a securities firm in Tokyo, Thursday, Jan. 12, 2017. Asian shares were mixed Thursday following President-elect Donald Trump’s press conference.
Ivanka Trump shifting gears, heading to Washington
Ivanka Trump plans to step aside from her executive roles at the Trump Organization and her lifestyle brand, but says she is confident both businesses will continue to “thrive.” In a post on her Facebook page Wednesday, Ivanka Trump said she would take a “formal leave of absence” from her executive positions at the Trump Organization and her lifestyle brand – which offers shoes, clothes and messages of female empowerment.
Energy choice Perry steps away from Dakota Access pipeline
Former Texas Gov. Rick Perry says he has stepped down from the boards of two energy companies that are developing the controversial Dakota Access Pipeline project. Perry, who is President-elect Donald Trump’s choice for energy secretary, said in a letter to ethics officials that he resigned Dec. 31 from Energy Transfer Partners LP and Sunoco Logistics Partners LP.
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In this Tuesday, Dec. 20, 2016 file photo, a general view with an advertising billboard is seen at the Trump International Golf Club main entrance in Dubai, United Arab Emirates. Dubai’s DAMAC Properties tells The Associated Press it offered … deals to U.S. President-elect Donald Trump’s firm worth some $2 billion, but the Trump Organization turned them down.
Trump Concerns Have Hedge Fund Investor Lifting China Allocation
As U.S. stocks rally on optimism Donald Trump’s presidency will be good for growth, hedge fund investor Ronnie Wu is looking on warily. Wu, who oversees $350 million at Penjing Asset Management Ltd. in Hong Kong, is concerned Trump’s mix of tax cuts, deficit spending and protectionism will hurt trade and spur higher inflation and interest rates, threatening global growth.
Trump’s Homeland Security pick is seen as the best man for the…
Despite the acrimony around many of President-elect Donald Trump’s cabinet selections, the confirmation hearing for one of them, Homeland Security Secretary candidate Gen. John Kelly, appears to be going smoothly.
UnitedHealth Group: Jim Cramer’s Top Takeaways
No one know what will happen with health care once Donald Trump takes office, Jim Cramer told his “Mad Money” viewers Wednesday night, but that doesn’t mean there aren’t ways to make money in health-care stocks. For months now, the mantra has been “repeal and replace” when it comes to Obama’s Affordable Care Act.
Why Perrigo, Novadaq Technologies, and Ethan Allen Interiors Slumped Today
Wednesday was a strong day for the stock market, as the Dow finished up nearly 100 points and the S&P 500 and Nasdaq both posted gains as well. Investors remained generally upbeat about the prospects for the U.S. economy in 2017, and a rise in crude oil prices helped lift the energy sector higher during the market session.
You’ll probably get to keep watching free video on your phone -…
The Federal Communications Commission staff has finally determined that AT&T and Verizon are likely violating net neutrality rules by offering their own video services without data charges. However, in taking more than a year to weigh in, the agency has likely lost its chance to rein in the practice.
The Market Is a ‘Tightly Coiled Spring’
The Nasdaq Composite closed at a record high on Wednesday for the third time this week, while the Dow Jones Industrial Average , S&P 500 and Russell 2000 rose as well, though not as impressively, all finishing in the green. Despite the health care bump evoked by President-elect Donald Trump during his midday press conference, one of the leaders during Wednesday’s session proved to be the transports.
AT&T Keeps Getting Its Profit Estimates Slashed by One Wall Street Firm
Shares of AT&T fell by about 1% on Wednesday after the stock’s rating was downgraded to “hold” from “buy” at Deutsche Bank because of weaker margins and slower earnings growth, according to the firm’s note. Deutsche also lowered its price target on the stock to $43 from $44.
Tom Wheeler accuses AT&T and Verizon of violating net neutrality
With just over a week left as chairman of the Federal Communications Commission, Tom Wheeler today accused AT&T and Verizon Wireless of violating net neutrality rules with paid data cap exemptions. But with the FCC about to switch to Republican control after next week’s inauguration of President-elect Donald Trump, AT&T and Verizon can likely keep doing what they’re doing without any chance of punishment.
Mexico ETF Takes Another Hit from Trump
Mexico country-specific exchange traded fund continued to weaken Wednesday as the peso currency depreciated to a historic low shortly following President-elect Donald Trump’s new conference. The iShares MSCI Mexico Capped ETF fell 0.7% Wednesday, breaking down to new all-time lows as the peso currency weakened to MXN21.9381 against the U.S. dollar.
Trump’s Transportation Pick Backs – Bold New’ Rebuilding Plan
President-elect Donald Trump’s nominee to head transportation policy delivered a strong endorsement at her confirmation hearing of his proposal to seek private investment funding for a massive infrastructure building program based on a “bold new vision.” Elaine Chao, the immigrant who rose to become a cabinet secretary in a previous Republican administration and is now being considered for secretary of transportation, said deteriorating roads and other networks are jeopardizing the economy.
European Stocks Turn Positive as Pound Slump Lifts FTSE, Kremlin Denial Boosts Dollar
European stocks rebounded after a renewed slump in the pound and a Kremlin denial that Russian officials had built a dossier of compromising information on President elect Donald Trump. European stocks turned positive Wednesday after a renewed slump in the pound and a flat denial from the Kremlin that Russian officials had built a dossier of compromising information on President elect Donald Trump.
Trump May Be a Loose Cannon but He Isn’t Troubling U.S. CEOs
The loose cannon who is President-elect Donald Trump will take to a stage on Wednesday and lay out some form of vision for the U.S. economy, which so happens to coincide with stock prices getting a touch more volatile amid the uncertainty over the real estate mogul’s first few months in office. Yet, despite the looming handover of power to a clear Twitter addict, it seems that Corporate America is feeling just fine and dandy to kick off the new year.
Fed on Edge as Trump Growth Bump Boosts Risks of Rate-Hike Error
To err is human. To err when you’re the Federal Reserve means national wealth gets destroyed and millions of people lose their jobs.
Obama Farewell to Nation Draws Not-So Subtle Contrast With Trump
President Barack Obama blasted “zero-sum” politics as he drew a sharp contrast with his successor in his farewell address Tuesday night, acknowledging that despite his historic election eight years ago his vision for the country will exit the White House with him. Obama’s prime-time address was a call for political engagement after a grueling election won by Republican Donald Trump, who made undoing Obama’s achievements the centerpiece of his campaign.
VW Closes in on $4.3 Billion U.S. Accord in Diesel Scandal
Volkswagen AG is closing in on a deal to pay $4.3 billion in criminal and civil penalties to settle a U.S. probe into the rigging of diesel-powered cars to cheat emissions tests. The agreement, which VW said Tuesday will include a guilty plea, raises the cost of the scandal to more than $23 billion in the U.S. and Canada, blowing by the 18.2 billion euros the carmaker had set aside to resolve the disputes.