Category: Celebrities

Trump Trade Tantrum Fear Puts U.S. Shale in Korea Spotlight

South Korea is looking at the energy sector to rebalance its trading relationship with the U.S. and deflect President-elect Donald Trump’s protectionist rhetoric. The sixth-largest exporter of goods to the U.S. wants to reduce its trade surplus with the world’s top economy to avoid being named a currency manipulator.

Paul McCartney Sues Sony to Regain Rights to Beatles Songs

Sony/ATV is the defendant and could be primed to make a defense similar to the one being used against Duran Duran. Paul McCartney, the iconic songwriter, has filed suit in New York against Sony/ATV and is looking to get a declaratory judgment that states he will soon regain his copyright ownership share to a treasured catalog of songs created as a member of The Beatles.

Paul McCartney Sues Sony to Regain Rights to Beatles Songs

Sony/ATV is the defendant and could be primed to make a defense similar to the one being used against Duran Duran. Paul McCartney, the iconic songwriter, has filed suit in New York against Sony/ATV and is looking to get a declaratory judgment that states he will soon regain his copyright ownership share to a treasured catalog of songs created as a member of The Beatles.

The Latest: IMF chief says dealing with inequalities is key

Christine Lagarde, managing director of the International Monetary Fund, says that dealing with inequalities will have to be a central element of leaders’ response to the concerns of populist movements. Conceding that there is “no silver bullet response,” Lagarde said on a panel at the World Economic Forum that it’s time for “courageous” leaders to reconnect with the people.

Futures Higher After Tough Tuesday; Asia Mixed

Futures for U.S. markets were in the black late Tuesday, signalling an about-face to Tuesday’s trading session, which was overshadowed by a speech by U.K. Prime Minister Theresa May that she would seek a hard Brexit and by questions about President-elect Donald Trump’s economic policies. The S&P 500 added 0.08%, Nasdaq, 0.11%, and the Dow Jones Industrial Average, 0.09%, at 10:06 p.m. EST.

Trump, Brexit Uncertainty Hit Stocks, Dollar

U.S. stocks and the dollar fell while gold rose on Tuesday as investors looked for safety after President-elect Donald Trump said the U.S. currency was too strong, while sterling jumped as Prime Minister Theresa May said Britain would quit the European Union single market when the country leaves the EU. Wall Street was weighed down by the financial sector, and U.S. Treasury prices gained on concerns about Trump’s planned protectionist trade policies.

Nobody Safe’ If Republicans Undo Net Neutrality, FCC Chair Says

Online companies such as Amazon.com Inc. are vulnerable to unfair competition from internet service providers if the Federal Communications Commission’s open-internet rule is reversed, agency Chairman Tom Wheeler said Tuesday. “Nobody is safe,” Wheeler, a Democrat, said in an interview three days before he leaves office and a Republican administration led by President-elect Donald Trump takes office.

New FDA Chief Should Have Medical Experience, Drugmakers Say

President-elect Donald Trump’s pick to lead the U.S. Food and Drug Administration should have a medical background, and the agency should continue evaluating new medications’ effectiveness, drugmaker executives said in comments indicating opposition to two candidates for the regulator’s top post. Trump’s FDA chief should be a doctor or physician-scientist with experience in clinical care and medical research, said Roger Perlmutter, head of research and development for Merck & Co.

Jim Cramer — Border Tax Issues Boosting Retail, for Now

Retail stocks including Walmart , PVH Corp. , Best Buy , Nike are on the move Tuesday after President-elect Donald Trump said the U.S. dollar is too strong and the proposed Border Adjustment Tax is “too complicated.” What should investors infer? That perhaps the potential import tariffs or other border taxes will be more difficult to institute than previously thought, TheStreet’s Jim Cramer, co-manager of the Action Alerts PLUS portfolio , said on CNBC’s “Stop Trading” segment.

China’s Xi defends global trade at World Economic Forum in Davos

Chinese President Xi Jinping is the first Chinese leader to attend the World Economic Forum in Davos, Switzerland. Chinese President Xi Jinping on Tuesday trumpeted the need for free trade and urged the world to “say no to protectionism,” delivering a strong rebuke to isolationist tendencies that helped fuel Donald Trump’s presidential election victory.

Scaramucci Clarifies That His SkyBridge Is ?Almost? Sold

Anthony Scaramucci, named as an adviser to U.S. President-elect Donald Trump, said he has “almost” sold his SkyBridge Capital asset-management firm. Scaramucci, 53, clarified a comment he made earlier Tuesday during a presentation at the World Economic Forum in Davos, Switzerland that the firm had been sold today.

Trump Fears Fade, Emerging Market Stocks Heat Up

Emerging market exchange traded funds were among the worst hit in the wake of Donald Trump’s election day win, but the asset category has quickly rebounded in recent weeks, breaking back above their trends. For instance, the widely observed Vanguard FTSE Emerging Markets ETF is 6.9% higher and iShares MSCI Emerging Markets ETF is up 7.7% since the late December lows.

The Latest: In Davos, Trump adviser rebuts isolationism talk

John Cryan, Chief Executive Officer of Deutsche Bank, speaks during a panel session on the first day of the 47th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Tuesday, Jan. 17, 2017. ( CEO of The Dow Chemical Company Andrew N. Liveris gestures as he speaks during a panel ‘Size matters: The Future of Big Business’ at the ‘World Economic Forum’ in Davos, Switzerland, Tuesday, Jan. 17, 2017.

Foxconn Billionaire Said to Assuage China About U.S. Plans

Foxconn Technology Group Chairman Terry Gou has moved to reassure China’s government the Apple Inc. assembler remains committed to the country even as it expands U.S. operations when President-elect Donald Trump takes office, people familiar with the matter said. A high-ranking Chinese official recently expressed Beijing’s concerns to Gou, the people said, asking not to be identified because the conversation was private.

Foxconn’s Gou Said to Assuage China About U.S. Investment Plans

Foxconn Technology Group Chairman Terry Gou has moved to reassure China’s government the Apple Inc. assembler remains committed to the country even as it expands U.S. operations when President-elect Donald Trump takes office, people familiar with the matter said. A high-ranking Chinese official recently expressed Beijing’s concerns to Gou, the people said, asking not to be identified because the conversation was private.

Meet the Men Who Will Oversee Trump’s Infrastructure Plan

President-elect Donald Trump is planning to name real-estate developers Richard LeFrak and Steven Roth to head up a new council he is creating to monitor spending on his proposed $1 trillion plan to improve the nation’s roads, bridges and other public works. Mr. Trump said in an interview Friday with Wall Street Journal reporters and editors that he has asked the two New York-based developers, whom he has known for decades, to oversee the council of 15 to 20 builders and engineers.

Dr. Alveda King Speaks Out on Trump, Lewis Feud

Despite the political tension during and after the presidential campaign, as well as the recent war of words between Rep. John Lewis, , and President-elect Donald Trump, Dr. Alveda King, niece of Dr. Martin Luther King, Jr., and author of ‘America: Return to God,’ is optimistic. “My uncle would be very happy with these times because it is forcing America to talk again.

Trump’s Emerging Europe Policy Prompts Calls for Closer EU Unity

European governments called for cool heads and tighter unity as they reacted with shock to President-elect Donald Trump’s remarks slamming NATO and predicting European Union nations would follow the U.K. out of the bloc. Trump’s comments, which call into question the depth of continued U.S. support for free trade and European defense, sent shock-waves around the EU at a time when governments are already battling to deal with the rise of nationalism, Brexit and a belligerent Russia.

IMF Upgrades U.S. Growth Forecast on Trump Stimulus Plans

U.S. President-elect Donald Trump hasn’t taken office yet, but he’s already reshaping the global growth outlook. The International Monetary Fund on Monday bumped up its economic growth forecasts for the U.S., saying output could grow nearly a half-percentage point faster than previously thought over this year and next, thanks to Mr. Trump’s plans to cut taxes and boost infrastructure spending.

German Automaker Stocks Fall After Trump Raises ‘Border Tax’ Threat on Mexico Imports

German automarker shares traded lower in Frankfurt after President elect Donald Trump raised the specter of a so-called ‘border tax’ on cars built in Mexico but imported into the US. German automarker shares, including BMW AG , traded lower in Frankfurt Monday after President elect Donald Trump raised the specter of a so-called ‘border tax’ on cars built in Mexico but imported into the United States.

Fashion: Worn in the USA, but made overseas

The United States is one of the world’s largest apparel markets, but 97 percent of the garments sold here are made elsewhere. So it will come as no surprise if fashion is the first industry to be affected when President-elect Donald Trump launches his trade strategy after taking office on Friday.

Trumpcare, Not Obamacare, Could Be a Job Killer

In less than one week’s time Donald Trump is set to become the 45th president of the United States, which seemed mighty unlikely about a year and a half ago when campaigning began. While his agenda once in office is seemingly a mile long, at the top of the list appears to be the repeal of the Affordable Care Act, which you probably know best as Obamacare.

He ‘ought to be careful’: Trump chief of staff issues stern…

President-elect Donald Trump’s incoming chief of staff warned the head of a top government watchdog organization on Sunday to be careful of its public criticism of Trump. Reince Priebus blasted Office of Government Ethics Director Walter Shaub on “This Week” after he dubbed Trump’s attempts to separate himself from his business interests this week ” wholly inadequate .”

China, Europe Drive Shift to Electric Cars as U.S. lags

Electric cars will pick up critical momentum in 2017, many in the auto industry believe – just not in North America. Tighter emissions rules in China and Europe leave global carmakers and some consumers with little choice but to embrace plug-in vehicles, fuelling an investment surge, said industry executives gathered in Detroit this past week for the city’s annual auto show.