The $3.8 billion Dakota Access crude oil pipeline won’t start up until the second quarter of this year, according to stakeholder Phillips 66. Energy Transfer Partners LP, the developer of the pipeline, had previously said the project would be in service in the first quarter, which was delayed from its original projection of the fourth quarter of 2016. Vicki Granado, a spokeswoman for Energy Transfer, didn’t immediately respond to request for comment.
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Oil Set for Weekly Gain as U.S. Imposes New Iran Sanctions
Oil headed for a third weekly gain as the U.S. imposed fresh sanctions on Iran after a missile test and OPEC reached about 60 percent of its output-cut target. Futures rose as much as 1.3 percent in New York.
Donald Trump meets with CEOs ahead of executive order to loosen financial sector regulations
U.S. President Donald Trump sat down with top U.S. business leaders and CEOs on Friday before issuing an expected executive order to reform the 2010 Dodd-Frank Act regulating the financial services industry. “We expect to be cutting a lot out of Dodd-Frank,” Trump told the press ahead of the meeting began.
Stock Futures Edge Higher Ahead of U.S. Jobs Report
Stock futures move higher on Friday as investors look toward the premarket release of the U.S. jobs report for January. Stock futures moved higher on Friday as investors looked toward the premarket release of the U.S. jobs report for January.
Rev’s Forum: Media Loathing of Trump Is a Bear Trap
” The media’s the most powerful entity on earth. They have the power to make the innocent guilty and to make the guilty innocent, and that’s power.
Trump Trades Barbs With Iran as New Round of Sanctions Looms
Tensions between the U.S. and Iran escalated as President Donald Trump prepared new sanctions against the Islamic Republic and told Tehran it’s “playing with fire,” prompting Iran to respond that it won’t be bullied. The deterioration in relations came as the U.S. prepared to punish Iran for testing a ballistic missile on Sunday.
Trump CEO Brain Trust Huddles as Corporate America Splits
President Donald Trump has needled Mary Barra at General Motors Co. He’s troubled Doug McMillon at Wal-Mart Stores Inc. and gone after Boeing Co., once headed by Jim McNerney.
Congress kills rule forcing payment disclosures by companies
Congress has passed legislation ending an Obama-era regulation that’s required oil and gas companies to disclose payments to the U.S. or foreign governments for commercial development. President Donald Trump is expected to sign the bill.
India Tech Titans to Plead Visas Case Before Trump Officials
India’s largest technology companies plan a trip to Washington this month to argue against President Donald Trump’s envisioned tightening of visa programs that Silicon Valley and their own industry rely on to attract talent. The chief executives of the country’s biggest IT services companies will meet with administration officials and lawmakers from Feb. 20 to try and dissuade Trump’s team from raising requirements under the H-1B visa program, said R Chandrashekhar, the president of industry group Nasscom.
Ajit Pai and the FCC’s Role in ISP Privacy Regulation under President Trump
On January 23, 2017, President Donald Trump named Ajit Pai as Chairman of the Federal Communications Commission . In his previous role as the senior Republican on the FCC under President Barack Obama, Mr. Pai was an outspoken critic of the agency’s decision to assert jurisdiction over Internet Service Providers and its rules governing broadband privacy.
Uber CEO Leaves Trump’s Advisory Council Amid Controversy
Uber Technologies Inc. Chief Executive Officer Travis Kalanick is stepping down from President Donald Trump’s business advisory council after criticism from customers and drivers. Kalanick’s participation on the council, along with more than a dozen other U.S. executives, prompted blow-back on social media after Trump’s controversial executive order on immigration.
Top Japan Hedge Fund Sees Trump Gains Fading on Protectionism
Tsukasa Shimoda, whose UMJ Galleyla Fund beat all other Japan-focused hedge funds last year, says the Donald Trump rally will soon fade as the U.S. president’s protectionist policies start to hurt the global economy. “The U.S. economy perhaps may improve because of him,” said Shimoda, whose $42 million UMJ fund returned 19 percent last year.
Ohlhausen’s Appointment as Acting Chair of FTC Signals Potential Change in Antitrust Approach
President Donald Trump last week designated Maureen K. Ohlhausen as acting chair of the U.S. Federal Trade Commission . Ohlhausen is a vocal critic of government involvement in the market, suggesting the FTC under her leadership will employ a lighter touch with regard to enforcement and regulatory actions.
Uber CEO quits Trump’s business advisory group: sources
Uber Technologies Inc [UBER.UL] Chief Executive Officer Travis Kalanick has quit President Donald Trump’s business advisory group, sources familiar with the matter said on Thursday. Kalanick’s resignation comes after days of criticism about the executive’s decision to work with the president.
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However, the company’s outsourcing services have come under fire since the election of President Donald Trump. The outsourcing industry has also been facing headwinds from disruptive technologies like artificial intelligence.
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However, the company’s outsourcing services have come under fire since the election of President Donald Trump. The outsourcing industry has also been facing headwinds from disruptive technologies like artificial intelligence.
Cigna’s Profit Beats Estimates
Cigna, which is awaiting a ruling on the U.S. government’s lawsuit to block its acquisition by Anthem, reported a better-than-expected quarterly profit, helped by strength in its commercial business. Cigna’s results come a day after Anthem said it expected to break even or make a small profit in the Obamacare individual market in 2017 even as it considers pulling out of that business next year.
Trumpa s early moves spark alarm, resistance within the government
At the U.S. State Department, the dissent began building soon after President Donald Trump signed an executive order late on Friday to limit immigration from seven Muslim-majority countries. Opposition mounted through the weekend as a draft memo criticizing Trump’s policy was written up in Washington and circulated by email to U.S. diplomatic posts around the world, according to multiple officials involved in the effort.
Trumpa s early moves spark alarm, resistance within the government
At the U.S. State Department, the dissent began building soon after President Donald Trump signed an executive order late on Friday to limit immigration from seven Muslim-majority countries. Opposition mounted through the weekend as a draft memo criticizing Trump’s policy was written up in Washington and circulated by email to U.S. diplomatic posts around the world, according to multiple officials involved in the effort.
Donald Trump Dethrones Putin as Most Mentioned Person in Russian Media
He got 202,000 mentions in print and online media, compared with 148,000 for Russia’s president who had stayed on top for 5 years. Donald Trump outdid Russia’s president Vladimir Putin as the most mentioned person in the Russian media in January, according to data reported on Thursday.
Trump’s New FCC Chairman Ajit Pai May Drain the TCPA Swamp
In one of his first official actions, newly elected President Donald Trump tapped Ajit Pai as the new chairman of the Federal Communications Commission , replacing outgoing chairman Tom Wheeler. Pai is a sharp critic of the Telephone Consumer Protection Act as it is currently being applied, meaning the FCC’s regulatory approach to the TCPA is likely to shift under his leadership.
Trump Tells Pena Nieto He Might Send Troops to Mexico to Deal With ‘Bad Hombres’: AP
President Donald Trump threatened in a phone call with his Mexican counterpart to send U.S. troops to stop “bad hombres down there” unless the Mexican military does more to control them, according to an excerpt of a transcript of the conversation obtained by The Associated Press. The excerpt of the call did not detail who exactly Trump considered “bad hombres,” nor did it make clear the tone and context of the remark, made in a Friday morning phone call between the leaders.
Labor nominee Puzder is facing complications separating himself from his fast-food chain
President-elect Donald Trump is expected to nominate fast food executive Andy Puzder as Secretary of Labor, a sign that he may be less labor-friendly than President Obama. Justin Mitchell reports.
Should Marijuana Stocks Fear Supreme Court Nominee Neil Gorsuch?
It’s been a whirlwind week-and-a-half since Donald Trump took office. In his first 10-1/2 days, Trump has issued more executive orders and proclamations than any other modern-day president.
Sylvester Stallone’s ‘Escape Plan 2’ Set as China Co-Production
Arnold Schwarzenegger is in talks to return for the sequel, which will be co-produced by Emmett/Furla/Oasis and Beijing-based Leomus Pictures. Beijing-based Leomus Pictures and Emmett/Furla/Oasis have partnered to co-finance and make the film as a China-U.S. co-production.
On Trump’s Watch, Coal Players, Not Analysts, Hopeful
As the first full month of Donald Trump’s presidency begins, the coal industry is more optimistic about its prospects than it’s been since before his predecessor took office, fueled by promises to bring back thousands of lost coal miner jobs and reboot the industry. Coal companies are looking forward to a combination of legislation in Congress and executive actions by Trump to undo damage inflicted by the Obama administration that led to lower production and employment, according to Luke Popovich, a vice president of the National Mining Association, a top coal lobbying group.
Gold Is a Good Bet in February as Tax Reform Takes Backseat
Looking ahead to the first full month of Donald Trump’s presidency, many investors may have gotten a bit “over their skis” on resource stocks. Most metal prices are going to face a strong headwind in dollar strength from Trump’s protectionist pro-growth agenda.
Budweiser focus on immigration in Super Bowl spot
But this year’s Budweiser ad released Tuesday featuring an immigrant’s travel to the U.S. became suddenly more topical than Anheuser-Busch executives were probably expecting, released days after President Donald Trump’s executive order Friday temporarily banning refugees and nearly all citizens from seven Muslim-majority countries. The 60-second ad called “Born the Hard Way,” shows Anheuser-Busch co-founder Adolphus Busch traveling by boat from Germany to the U.S. in 1850s.
Carlson Managers Warn Trade War Could Trigger Global Depression
President Donald Trump’s policies may have dire consequences for the U.S. and the global economy, say money managers at hedge fund firm Carlson Capital. The president’s attempts to tax imports and subsidize exports could touch off a depression, money managers Richard Maraviglia and Matt Barkoff warned in a quarterly letter to clients in the Black Diamond Thematic fund.
Fired: Trump Dumps Top Lawyer Who Defied Immigration Order
President Donald Trump fired top federal government lawyer Sally Yates on Monday after she took the extraordinarily rare step of defying the White House and refused to defend new travel restrictions targeting seven Muslim-majority nations. It was another dramatic twist in the unusually raucous roll-out of Trump’s directive that put a 120-day hold on allowing refugees into the country, an indefinite ban on refugees from Syria and a 90-day bar on citizens from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen.
Buffett Bought $12 Billion of Stock From Election Through Friday
“We’ve, net, bought $12 billion of common stocks since the election,” he said in an interview with Charlie Rose that aired on Friday. Buffett didn’t identify the securities that he picked.
Trump Fires Acting Attorney General Sally Yates
President Donald Trump Monday fired acting Attorney General Sally Yates, who defied Trump by refusing to defend his immigration executive order. President Donald Trump on Monday night fired acting attorney general Sally Yates, who had hours before ordered the Justice Department not to enforce Trump’s executive order imposing bans on immigration from certain largely Muslim countries.
Top Justice Official Won’t Defend Trump Immigration Order
Acting U.S. Attorney General Sally Yates said Monday that she wouldn’t allow the Justice Department to defend President Donald Trump’s order banning immigrants from seven predominantly Muslim countries, questioning its legality. The highly unusual declaration by Yates, an Obama administration holdover, was the latest twist in a controversy that has sparked protests at airports across the country and seen many congressional Republicans break from the White House.
Trump Pledges – Big Number’ on Dodd-Frank in Anti-Rule Push
President Donald Trump stepped up his criticism of financial regulations, pledging to go after the 2010 Dodd-Frank banking overhaul because he said the law has made it difficult for businesses to get loans. “We’re going to be doing a big number on Dodd-Frank,” Trump said Monday at an event with small business leaders at the White House.
U.S. Airlines Tumble Amid Fear Trump Travel Ban Will Spread
U.S. airlines tumbled the most in three months as concerns mounted that President Donald Trump’s ban on travel from seven predominantly Muslim nations will lead to more restrictions on flights. Investors are fearful that the U.S. curbs will expand or be answered with retaliation by other nations, said Joe DeNardi, an analyst at Stifel Financial Corp. Trump already has signed an order to pull the U.S. out of the Trans-Pacific Partnership trade accord and said he wants to restructure a 23-year-old pact between the U.S., Mexico and Canada.
Trump ponders new rules for H1-B visa that brings in tech workers
Employees of Tata Consultancy Services work inside the company headquarters in Mumbai. Outsourcing companies like Tata get the bulk of the H1-B visas in the U.S., a work visa program that may soon be changed by the Trump administration.
Jordan Belfort Says He Knew ‘Wolf of Wall Street’ Producers Were “F – ing Criminals”
The original Wolf of Wall Street claims that “Leo got sucked in” to the corruption scandal now engulfing the hit 2013 film, but says he “knew it, it was obvious.” When The Wolf of Wall Street last year became engulfed in the multi-billion dollar Malaysian corruption scandal, the irony of a film about a major real-life financial fraud allegedly being funded by another wasn’t lost on anyone, least of all its original author.
Trump’s plan for safe zones in Syria risks dragging the US…
President Donald Trump said this week that he would “absolutely do safe zones in Syria” to stem the flow of refugees into other countries. Trump is expected to ask the Pentagon and State Department to draft a plan for establishing the safe zones, so it’s currently unclear what measures specifically Trump would authorize.
Starbucks CEO pledges to hire 10,000 refugees globally
Starbucks has pledged to hire 10,000 refugees globally over the next five years, in response to US President Donald Trump’s recent immigration ban . In an open letter to staff, chief executive Howard Mr Schultz said the president’s order had caused “confusion, surprise and opposition”.
Trump, Key Arab Allies Agree to Boost Anti-Terror Efforts
U.S. President Donald Trump, facing growing criticism over his move to block immigration from seven predominantly Muslim countries, held talks with two prominent Arab leaders on Sunday to bolster ties and discuss anti-terrorism efforts in the Middle East. Trump spoke by phone with Saudi Arabia’s King Salman and Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed.