A former US solicitor general said this week that what will be key to whether President Donald Trump is victorious defending his immigration moratorium in the court system is whether the executive order is interpreted solely based on the text of the document. Charles Fried, who served as solicitor general under President Ronald Reagan and is now a Harvard law professor, told Business Insider that things may not bode well for Trump if the court decides to consider statements he made along the campaign trail about banning Muslims from entering the country.
Category: Celebrities
Gary Cohn Has Emerged as an Economic-Policy Powerhouse in Trump Administration
At Donald Trump’s first meeting with Gary Cohn in late November, he appeared so impressed with the then-president of Goldman Sachs Group Inc. that he joked about offering him the post of Treasury secretary, said a person who recalled the moment. Sitting nearby was the odds-on favorite for the job, Steven Mnuchin, who got the nod.
Sears, Kmart Drop 31 Trump Home Items From Their Online Shops
Major U.S. retailers Sears and Kmart this week removed 31 Trump Home items from their online product offerings to focus on more profitable items, a spokesman said on Saturday. The decision follows retailer Nordstrom Inc’s announcement this week it had decided to stop carrying Ivanka Trump’s apparel because of declining sales, prompting President Donald Trump to take to Twitter to defend his daughter.
New FCC chair closely guards his strategy to restructure net neutrality
WASHINGTON: The new chairman of the U.S. Federal Communications Commission under President Donald Trump is keeping under wraps his strategy to revise or reverse the Obama administration’s “net neutrality” rules, but emphasized he is committed to ensuring an open internet. Ajit Pai, 44, a Republican lawyer who has served as a FCC commissioner since 2012, strongly opposed former Democratic President Barack Obama administration’s 2015 net neutrality rules that reclassified broadband providers and treated them like a public utility.
Trump, Japan’s Abe Discuss Concerns About Trade, Security at Summit
Japanese Prime Minister Shinzo Abe shakes hands with U.S. President Donald Trump during their meeting in the Oval Office at the White House in Washington, U.S., February 10, 2017. REUTERS/Jim Bourg TPX IMAGES OF THE DAY – RTX30HPZ President Donald Trump and Prime Minister Shinzo Abe opened two days of talks on Friday looking to cement a decades-old alliance between Japan and the United States that has been under strain because of the Republican’s positions on trade and security.
Stock Futures Point to Further Gains as Investors Hope for Tax Reform
Stock futures trade higher Friday as investors hope for U.S. tax reform following comments from Donald Trump on Thursday. S&P 500 futures rose 0.04%, Dow Jones Industrial Average futures increased 0.09%, and Nasdaq futures gained 0.08%.
Trump’s Tweets Don’t Have Much Effect on Stock Market
Donald Trump’s tweet knocking Nordstrom coincided with the company’s stock’s best and most-traded day of the year. President Trump tweeted about two companies on Wednesday — one praising Intel , another knocking Nordstrom .
Rpt: Trump Border ‘Wall’ to Cost $21.6B, Take 3.5 Years to Build
President Donald Trump’s “wall” along the U.S.-Mexico border would be a series of fences and walls that would cost as much as $21.6 billion, and take more than three years to construct, based on a U.S. Department of Homeland Security internal report seen by Reuters on Thursday. The report’s estimated price-tag is much higher than a $12-billion figure cited by Trump in his campaign and estimates as high as $15 billion from Republican House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell.
Trump’s choice: The importance of being Ajit Pai
The new chief of America’s Federal Communications Commission is not a fan of net neutrality. So what’s his vision of communications and digital policy in these times? We find out… IMAGE: Ajit Pai at a Federal Communications Commission Net Neutrality hearing in Washington in February 2015.
Stocks Hit Record Highs After Trump Says Tax Plan Coming Soon
U.S. stocks climbed on Thursday – with all three major averages touching fresh records immediately after President Donald Trump said a “phenomenal” announcement on tax reform would come in a matter of weeks. The Dow Jones Industrial average capped the session off session highs, but still at a record level.
Why Trump’s Nordstrom Tweet May Have Crossed An Ethical Line
U.S. President Donald Trump and his daughter Ivanka walk to board Marine One at the White House in Washington, D.C., on February 1, 2017. After a week of major retailers dropping Ivanka Trump’s products, the #GrabYourWallet boycott made its biggest impact ever today when it prompted the president of the United States to respond with an angry tweet that may have crossed an ethical line, say government ethics experts.
In Net neutrality fight, broadband’s the fix
Less than a month after being sworn in, Donald Trump has begun to destroy the Internet. Well, at least that seems to be the opinion of multiple Internet activists and politicians.
Retirement Account Managers Required to Put Clients First
Retirement account managers can be required to put their clients’ interest first, a Texas federal judge ruled in a second case upholding Obama administration rules. Thwarting an industry-backed effort to block the requirement, the ruling follows an earlier decision by a judge in Washington that all financial advisers handling retirement accounts must meet a fiduciary standard.
Intel Pledges $7 Billion Arizona Investment in Trump Meeting
Intel Corp. Chief Executive Officer Brian Krzanich said the semiconductor maker will invest $7 billion to complete a chip factory in Chandler, Arizona, becoming the latest company to use a meeting with President Donald Trump to tout spending and job-creation plans that were already in place. Krzanich, speaking Wednesday in the Oval Office, called the investment an expansion of Intel’s presence in Chandler that will finish a plant — already under construction — capable of advanced 7-nanometer chip production.
New FCC Chairman Rolls Back Net Neutrality Rules
President Donald Trump’s pick to lead the Federal Communications Commission is a holdover from the Obama administration, but he has plans to unravel policies set forth by his former boss. Ajit Pai, previously a commissioner for the FCC, is honing in on net neutrality.
White House Correspondents’ Dinner in Trouble as Trump Scares Off Hollywood Stars and Media
“I see it as a huge opportunity for a comedian to do something interesting,” says Larry Wilmore, who headlined 2016’s dinner, as the host gig goes unfilled and MSNBC mulls canceling its party amid the president’s press war. Flame-retardant formalwear might be in order for the first White House Correspondents’ Association Dinner with Donald Trump.
Documents show Melania Trump still involved in branding
In this Jan. 20, 2017, file photo, first lady Melania Trump leaves the President’s Room of the Senate on Capitol Hill in Washington after President Donald Trump signed his first legislation. First lady Melania Trump expected to develop “multi-… million dollar business relationships” tied to her presence in the White House, according to a lawsuit she filed.
Energy Transfer to Get Dakota Access Pipeline Approval From U.S.
The controversial Dakota Access pipeline is set to gain the final go-ahead for completion after President Donald Trump asked for a speedy approval. The U.S. Army said it will grant Energy Transfer Partners LP the easement it needs to finish the line that will ship almost half a million barrels of crude a day from North Dakota’s shale fields to refineries across the Midwest and on to the Gulf Coast.
What the Net Neutrality Rollback Means for Netflix Users
Under President Donald Trump’s newly-minted chairman, the Federal Communications Commission is quickly working to eliminate regulations created to ensure internet service providers grant equal access to all web content – the rules commonly known as “net neutrality.” The shift is part of an unspooling of FCC policies from the Obama administration.
How Ajit Pai could impact your Netflix stream
Under President Donald Trump’s newly-minted chairman, the Federal Communications Commission is quickly working to eliminate regulations created to ensure internet service providers grant equal access to all web content – the rules commonly known as “net neutrality.” The shift is part of an unspooling of FCC policies from the Obama administration.
Nigel Farage: Brexit, Trump was the Beginning of a Political Revolution
On Monday, Speaker of the House of Commons John Bercow expressed his strong opposition for the newly appointed President of the United States, Donald Trump to speak at Parliament. The Speaker claimed it is “an earned honor” for foreign leaders to address Westminster Hall, adding, “After the imposition of the migrant ban by President Trump, I am even more strongly opposed to an address by President Trump in Westminster Hall.”
U.S. trade deficit last year hit highest level since 2012
The U.S. trade deficit narrowed slightly in December, but the improvement wasn’t enough to keep the deficit for the entire year from rising to the highest level since 2012. That should provide fuel for President Donald Trump’s contention that America needs a tougher approach to trade.
Trump banking review raises fears for global standards talks
President Donald Trump’s review of post-crisis banking rules could sound the death knell for new global standards now being finalised and rip apart a common approach to regulating international lenders, bankers and regulators said. Central banks and watchdogs around the world have spent the past eight years drawing up regulation aimed at preventing a repeat of the 2007-2009 financial crisis, but there are fears that project could unravel after Trump said he wants the U.S. to row back on capital rules.
Trump’s Ethics Plan Is Even Worse Than You Thought
Just about a month ago, Donald Trump gave his first press conference since last summer to try to reassure voters, ethics watchdogs and political analysts concerned about financial conflicts of interest that might entangle and compromise his White House. Like many Trump press events, it was a carnivalesque affair, featuring meandering attacks on the media and the intelligence community before finally offering an outline of how Trump would insulate his public policymaking from his own business dealings.
Stocks Drift Lower as Investors Digest Recent Gains
The Dow Jones Industrial Average fell 0.06% to trade at 20,058 after rising slightly earlier in the session. The S&P 500 was down 0.19%, and the Nasdaq dropped 0.04%.
Stocks Lower Amid U.S. Political Uncertainty
Stock were buoyed last week by a strong U.S. jobs report but on Monday uncertainty over potential policy moves from Donald Trump weighed on Wall Street. The Dow Jones Industrial Average fell 0.23% to trade at 20,027.
TRUMP: ‘Any negative polls are fake news’
President Donald Trump blasted negative polls as “fake news” in a series of tweets Monday morning, also accusing what he called the “FAKE NEWS media” of lying. “Any negative polls are fake news, just like the CNN, ABC, NBC polls in the election.
St. Louis Shock Jock Is Now Dropping the N-Word on the Air
Shock jock Bob Romanik, far left, shown with Board of Aldermen President Lewis Reed and sports radio personality Kevin Slaten.
Trump Extends Timetable to Replace Obamacare
President Donald Trump downgraded expectations for his party’s swift repeal and replacement of the 2010 health law in a Sunday interview with Fox News’ Bill O’Reilly, saying “maybe it’ll take til some time into next year” “Obamacare doesn’t work. So we are putting in a wonderful plan.
Top Trader Vitol Sees Oil Rattled as Trump Makes Market Fret
Donald Trump and global crude producers are set to take prices on a bumpy ride this year, according to the world’s biggest independent oil trader. As investors are kept on tenterhooks over U.S. policies and whether OPEC and other nations will curb output as pledged, global benchmark Brent crude may vacillate between $52 and $62 a barrel, according to Kho Hui Meng, the head of the Asian arm of Vitol Group.
Trump could approve a giant merger that’s scaring American…
By the time President Donald Trump took office, he had already gotten involved in one of the world’s biggest mergers. In mid-January, the CEOs of Bayer and Monsanto, Werner Baumann and Hugh Grant, reported in a joint statement that they had a “very productive meeting” with the incoming president about their potential $66 billion merger.
Iran Avoids Taking Trump Bait to Collapse Nuclear Deal, for Now
Since the U.S. imposed new sanctions on Tehran over a ballistic missile test Friday, Iran’s conservative media has railed against the government for being too soft, the military has tested another projectile, and officials have generally thumbed their noses at a White House warning that they were now “on notice.” What hasn’t happened, however, is as important: no official has threatened to abandon the nuclear deal signed in 2015 under the previous U.S. administration of President Barack Obama.
Trump’s Border Tax Could Be a $23.3 Trillion Headache
As was to be expected in going from the Obama administration to the Trump administration, we’ve seen a number of notable changes during Donald Trump’s first two weeks in office. For instance, Trump has signed off on legislation to ease the burdens of the Affordable Care Act, as well as removed the U.S. from entering into the Trans-Pacific Partnership.
New documents show Trump retains direct tie to businesses
New documents confirm that President Donald Trump retains a direct tie to his business interests through a revocable trust now being overseen by one of his adult sons and a longtime executive of the Trump Organization. Trump is the sole beneficiary of the Donald J. Trump Revocable Trust, which is tied to his Social Security number as the taxpayer identification number, according to documents published online by the investigative nonprofit ProPublica.
Trump Immigration Order Is Grounded Nationwide by U.S. Judge
Demonstrators hold signs and chant in Boston’s Copley Square protesting President Donald Trump’s executive order blocking visitors from seven predominantly Muslim nations on Jan. 29, 2017. President Donald Trump’s immigration restrictions were temporarily shut down by a federal judge who said the states of Washington and Minnesota can sue claiming their economy and residents would be injured by the ban.
What Trump’s Action on Advisor Rule Means for Retirement Savers
The future of the fiduciary rule , which was intended to benefit retirement savers, is in doubt after President Donald Trump called for its review Friday just two months before it was to go into effect. to be fiduciaries, meaning they must act in the best interests of their clients over their own.
U.S. Labor Dept. Responds to Trump’s Fiduciary Order
National Economic Council Chairman Gary Cohn, center, and White House Senior Adviser Jared Kushner, right, listen as President Donald Trump speaks while hosting breakfast with business leaders in the Roosevelt Room of the White House. ( The U.S. Labor Department is looking into delaying the implementation date of its new fiduciary rule governing the advice that brokers can give about retirement investments, it said on Friday, after President Donald Trump called for a review that could ultimately lead to scrapping it.
Trump on jobs report: ‘It’s going to continue, big league’
President Donald Trump greeted news of a robust January jobs report Friday with his signature blend of gusto, self-promotion and promises of good times yet to come. Flanked by leading CEOs who met with him at the White House, Trump suggested that his November election victory had lifted America’s morale – and emboldened many employers to step up hiring.
Obama Should Thank Trump for Putting Iran on Notice
Don’t say Donald Trump never did anything for Barack Obama. On Wednesday, National Security Adviser Michael Flynn put Iran “on notice” for its ballistic missile test and its arming, training and equipping of Houthi rebels in Yemen.
Trump to target long-awaited rule meant to protect retirement savers
FEBRUARY 03: U.S. President Donald Trump delivers opening remarks at the beginning of a policy forum with business leaders chaired by Blackstone Group CEO Stephen Schwarzman in the State Dining Room at the White House February 3, 2017 in Washington, DC. Leaders from the automotive and manufacturing industries, the financial and retail services and other powerful global businesses were invited to the meeting with Trump, his advisors and family.