China’s push to develop its domestic semiconductor technology threatens to harm U.S. chipmakers and put America’s national security at risk, the Obama administration warned in a report that called for greater scrutiny of Chinese industrial policy. China’s goal to achieve a leadership position in semiconductor design and manufacturing, in part by spending $150 billion over a 10-year period, requires an effective response to maintain U.S. competitiveness in the industry, according to the report released Friday.
Category: Celebrities
Boeing’s Biggest China Concern Isn’t a Trump Trade War: Gadfly
As if it wasn’t bad enough getting into a fight with the president-elect over the cost of Air Force One, Boeing Co. is facing problems from the other side of the Pacific.
Donald Trump Who? Imax Ceo Still Bullish on China
Shares of IMAX were higher in early afternoon trading on Friday, after the company announced a deal with Regal today to expand its presence in the U.S., while maintaining its strong footing in China. With talk of potential trade wars between China and the U.S. under President-elect Donald Trump, some people are worried about what that will mean for IMAX.
Trumpa s pick for defense secretary has resigned from Theranosa s board
U.S. President-elect Donald Trump introduces retired Marine Corps Gen. James Mattis as his appointed secretary of defense in December.
Yahoo deletes tweet that included racial slur
Yahoo Finance says it accidentally tweeted out a racial epithet when promoting a story about the cost of President-elect Donald Trump’s plans to increase the size of the U.S. Navy. The headline for the story on Yahoo Finance is, “Trump Wants a Much Bigger Navy: Here’s How Much It’ll Cost.”
Jobs in America 8:00 am ET on FOX Business Network’s Mornings With Maria
U.S. employers likely maintained a solid pace of hiring in December while raising wages, putting the economy on a path to stronger growth and further interest rate increases from the Federal Reserve this year. Nonfarm payrolls probably increased by 178,000 jobs last month after a similar rise in November, according to a Reuters survey of economists.
Why Rural America Is Upset With Trump
Bloomberg’s Alan Bjerga discusses Donald Trump’s search for a secretary of agriculture and the president-elect’s farm policy. He speaks on “Bloomberg Markets.”
Your Evening Briefing
At all times in life, one might as well metaphorically heed the instructions of flight attendants and keep seatbelts fastened. This will prove useful, as it did today, when the dollar goes into a tailspin ; or when bracing for higher prices on goods, gas and airfare; or when your company is the subject of a Donald Trump tweet.
Prosecutor: Keep venue for Cosby trial, jury from outside OK
In this Tuesday, Nov. 1, 2016 file photo, Bill Cosby leaves after a hearing in his sexual assault case at the Montgomery County Courthouse in Norristown, Pa. A prosecutor says Cosby’s trial should remain at a suburban Philadelphia courthouse despite the comedian’s argument there’s been widespread negative press coverage of the sexual-assault case against him.
Trump Hits Toyota on Mexico as Car Criticism Spreads to Japanese
President-elect Donald Trump launched his latest Twitter missive over Mexico-built and imported cars toward a Japanese automaker for the first time, threatening to tax Toyota Motor Corp. into building a plant in the U.S. instead. Days removed from Ford Motor Co.
Toyota is latest Trump target over Mexico production plans
President-elect Donald Trump has trained his sights on Toyota in his latest effort to badger a company into building its products in the U.S. rather than Mexico. Trump tweeted Thursday that the Japanese automaker plans to build a factory in Baja, Mexico, to build the compact Corolla.
Time Warner, AT&T Shares Hit After Report Trump Still Against Merger
Shares of both Time Warner and AT&T saw pressure after Bloomberg News reported that President-elect Donald Trump still is opposed to the two companies merging , a view he expressed during the campaign. The report cited unnamed people close to the president-elect.
Here’s how the Trump administration will make your internet…
The Economist Intelligence Unit ranked victory for Republican presidential candidate Donald Trump at 12 on an index where the current top threat is a Chinese economic “hard landing” rated 20 Most talk about President-elect Donald Trump’s technology policies – or “the cyber,” as he calls them – has revolved around his takes on Russia’s hacking of the Democratic National Committee. After being appointed as chairman of the Federal Communications Commission by President Obama, Tom Wheeler enacted a set of reforms to United States telecommunications policy that reclassified internet service providers as common carriers, thus allowing him to implement network neutrality restrictions on their activities.
Why Gold Stocks, Not Gold, Belong in Your Portfolio
Comex gold has been slumping since Donald Trump was elected president on Nov. 9. Today, the weekly chart for gold is negative but oversold, but still has a solid gain since the end of 2015 and since bottoming on Dec. 3. Investments in gold equities have been more volatile , but have outperformed the precious metal since setting multiyear intraday lows between August 2015 and January 2016. The VanEck Vectors Gold Miners ETF , Barrick Gold , Yamana Gold , Goldcorp and Newmont Mining may be deep in bear market territory from their 2016 highs, but they are also in bull market territory since their lows and have outperformed since the end of 2015.
Trump Lucky to Inherit Healthier Banking System, Greenwood Says
Donald Trump will enter the White House with the U.S. banking system in far better shape than it was for Barack Obama’s arrival eight years ago, according to Invesco chief economist John Greenwood. With Trump’s inauguration just two weeks away, the U.S. business cycle is in line for several years of expansion as bank lending is growing and activity has normalized, reducing the need for the Federal Reserve to create credit as it did under quantitative easing, Greenwood said Thursday at a news conference in Hong Kong.
Crown Jewel of U.S. Shale Behind the Endless Pursuit of Williams
Some 67 years after the Transco pipeline was laid from the Gulf Coast of Texas to New York City, it remains the crown jewel of the natural gas industry, fed by America’s richest shale patch. In the past year, the allure of this 10,500-mile system has helped trigger two failed takeover bids for Williams, a clash between Armstrong and billionaire pipeline magnate Kelcy Warren and a mass exodus from the company’s board.
Trump Seeks To Restructure U.S. Intelligence Agencies: Report
President-elect Donald Trump is working on plans to revamp and streamline U.S. intelligence agencies, according to a report Wednesday by the Wall Street Journal . Trump will reportedly aim to reduce staffing at the Central Intelligence Agency headquarters in Virginia and put more people into the field.
Revolution will soon release the Vin Diesel franchise film ‘xXx: Return of Xander Cage’.
Under its new ownership, the finance-acquisition-distribution company will continue operations under CEO Vince Totino and COO Scott Hemming, the latter of which will now also serves as the company’s president. Founded in 2000, Revolution has produced films that include Black Hawk Down , Maid in Manhattan , Hellboy and xXx , and will soon release the Vin Diesel franchise film xXx: Return of Xander Cage .
How Donald Trump Could Make Rupert Murdoch Even More Powerful
President-elect Donald Trump may be preparing to give Rupert Murdoch a big reward for the positive coverage Murdoch’s outlets provided during the election. Trump has asked Murdoch to submit the names of possible nominees for Federal Communications Commission chairman, according to a report from New York magazine’s Gabriel Sherman.
Scuttled Ford plant has Mexico fearing more under Trump
A man walks past a nearly deserted construction site, as workers shut down operations and remove equipment on Wednesday, a day after Ford announced the cancellation of plans to build a $1.6 billion auto manufacturing plant on the site in Villa de Reyes, outside San Luis Potosi, Mexico. Ford Motor Company’s cancellation of plans to build a $1.6 billion US auto manufacturing plant in San Luis Potosi has sounded alarms throughout Mexico.
Fed Policymakers Agree Trump Fiscal Boost Poses Inflation Risk
Almost all Federal Reserve policymakers thought the economy could grow more quickly because of fiscal stimulus under the Trump administration and many were eyeing faster interest rate increases, minutes from the central bank’s December meeting showed. The minutes, released on Wednesday, showed how broadly views within the Fed are shifting in response to President-elect Donald Trump’s promises of tax cuts, infrastructure spending and deregulation.
Will Constellation Brands Earnings Give Investors Something to Celebrate?
It’s a new year and there will soon be a new U.S. president. That man, Donald Trump, spooked investors of Constellation Brands , among other companies with Mexican operations, with threats of big tariffs on goods made by U.S. companies elsewhere and then imported into the company.
Ford’s Truck Hybridization Trumps Mexico and Tesla: Gadfly
On its first day back from the holidays, America’s auto industry began with a Mexican standoff and ended with Tesla just being off. Ford Motor Co.
Exxon Cashes Out Ex-CEO Tillerson
Exxon Mobil has awarded former Chief Executive Rex Tillerson a $180 million retirement package as the company moves to break financial ties with President-elect Donald Trump’s nominee for secretary of state. If Mr. Tillerson is confirmed, Exxon will transfer the equivalent value of two million unvested shares that he was set to receive at his previously expected retirement in March into a trust, according to the company.
Deals Lawyer Said to Be a Contender to Lead SEC Under Trump
President-elect Donald Trump is considering nominating Sullivan & Cromwell partner Jay Clayton to run the Securities and Exchange Commission, potentially positioning a top lawyer to banks and hedge funds to lead Wall Street’s main regulator, said a person with knowledge of the matter. Clayton, who met with Trump last month, has represented Goldman Sachs Group Inc. and investment firms ranging from Och-Ziff Capital Management Group LLC to Oaktree Capital Group LLC, according to Sullivan & Cromwell’s website.
Summers and Eurasia Start the New Year With Dire Global Warnings
Former U.S. Treasury Secretary Lawrence Summers said investors are far too sanguine about the risks of Donald Trump’s policies, which analysts at Eurasia Group say could contribute to a level of global instability not seen since World War II. The Harvard professor, a Democrat who was Treasury chief under Bill Clinton, on Tuesday cited the possibility of protectionist measures by the U.S. as well as changes to foreign policy and domestic social programs as issues that are creating “extraordinary uncertainty.”
Tillerson to Cede Control of $240 Million in Exxon as Trump Pick
Rex Tillerson, former Exxon Mobil Corp. chief executive and President-elect Donald Trump’s pick for U.S. secretary of state, will relinquish control of about $240 million in company shares if confirmed as he severs ties to comply with conflict-of-interest requirements. If confirmed, Tillerson will sell the more than 600,000 shares he owns in the largest U.S. oil explorer and transfer the value of more than 2 million in deferred shares to an independently managed trust, Exxon said in a statement dated Jan. 3. The former CEO would have received the shares over the next 10 years.
Trump claims his briefing on Russian cyberattacks was delayed,…
President-elect Donald Trump mocked US intelligence officials on Tuesday in a tweet claiming his briefing on Russian cyberattacks was delayed, and once again cast doubt on their claims that Russia interfered with the presidential election. “The ‘Intelligence’ briefing on so-called ‘Russian hacking’ was delayed until Friday, perhaps more time needed to build a case.
Arnold Schwarzenegger hosting The New Celebrity Apprentice is no Donald Trump
What was new about The New Celebrity Apprentice ? “You’re fired” became “You’re terminated,” a catchphrase within a catchphrase – referring to Arnold Schwarzenegger’s career-making film, Terminator – that sounded clever for about two seconds. The setting moved from New York to Los Angeles, with a correspondingly sunny new opening sequence .
Trump Picks Wall Street Attorney Jay Clayton for Top SEC Post
Sullivan & Cromwell partner Jay Clayton is President-elect Donald Trump’s choice to head up the Securities and Exchange Commission. Clayton, one of about 875 attorneys at the law firm, has a wide range of experience dealing with complex legal issues involving M&A, private equity, capital formation, regulatory issues and corporate governance.
Ford Cancels $1.6 Billion Mexican Plant After Trump Criticism
All-new Ford 2015 F-150 pickup trucks move down the final inspection line at the Ford Rouge Center in Dearborn, Michigan, November 11, 2014.
Ford Cancels $1.6 Billion Mexican Plant After Trump Criticism
All-new Ford 2015 F-150 pickup trucks move down the final inspection line at the Ford Rouge Center in Dearborn, Michigan, November 11, 2014.
Trump Threatens ‘Big Border Tax’ on GM Over Chevy Cruze Production
President-elect Donald Trump took aim at General Motors Co. on Tuesday, saying the company needs to be taxed for certain versions of the Chevrolet Cruze small car that it imports from Mexico to U.S. dealers.
Trump names lawyer Lighthizer as top trade rep
President-elect Donald Trump announced Tuesday he will nominate lawyer Robert Lighthizer as U.S. trade representative, picking an experienced trade official who has questioned the conservative movement’s commitment to free trade. Lighthizer, who served as deputy USTR under President Ronald Reagan, would play a key role in Trump’s trade agenda.
Trump’s latest US corporate Twitter target: General Motors
In another tweet targeting a U.S. company, President-elect Donald Trump is threatening to slap a tax on General Motors for importing compact cars to the U.S. from Mexico. Trump tweeted early Tuesday that GM is sending Mexican-made Cruzes to the U.S. tax-free.
Trump expected to name lawyer Lighthizer as top trade rep
President-elect Donald Trump is expected to nominate lawyer Robert Lighthizer as U.S. Trade Representative, a transition official said Monday night, filling in one of the final pieces in the new administration’s senior team. Lighthizer, who served as deputy USTR under President Ronald Reagan, would play a key role in Trump’s trade agenda.
2017: Trump’s Reality Revolution Won – Now It Must be Implemented
Washington, D.C. has been – for decades, in bipartisan fashion – a swallowing void of anti-reality. The federal government has at best terribly mishandled, at worst utterly destroyed everything in which it insists on involving itself.
Don’t Expect @realDonaldTrump to Tweet Foxconn Plan: Gadfly
Here’s a challenge to President-elect Donald Trump’s plan to be bring jobs back to America before his inauguration Jan. 20. In an announcement made just before the new year, Foxconn’s flagship Hon Hai Precision Industry Co. said it will spend $8.8 billion to build a massive display-panel factory for its joint venture with Sharp Corp. Crucially, the location chosen by Foxconn Chairman Terry Gou is China, not the U.S. The obvious setback is that this is 8.8 billion greenbacks that won’t be pumped into Trump’s America.
Hyundai, Kia Forecast Sales to Rebound on Capacity, Models
Hyundai Motor Co. and Kia Motors Corp., South Korea’s largest automakers, forecast sales to climb 4.7 percent this year as they count on new model introductions to counter intensifying competition amid global uncertainties.
A New York Times editorial: Sprint and Trump’s fictional jobs
President-elect Donald Trump would like everybody to believe that his election is energizing the economy by forcing businesses to create thousands of jobs in the United States. And companies like Sprint seem perfectly happy to go along with this fiction because they know they can profit handsomely by cozying up to Trump.