Category: Donald Trump

China Would Outlast U.S. in Trade War, Pine River Letter Says

China would outlast the U.S. in a trade war, which is a “distinct possibility” next year after President-elect Donald Trump takes office, a commentator wrote in the $1 billion Pine River China Fund’s investor letter. China’s government would be better placed than the U.S. to marshal state resources to cushion the impact on exporters, wrote James Wang, a City University of Hong Kong professor who pens a monthly commentary for the fund.

Strained U.S.-Israeli Ties Reach Another Low After Kerry Speech

Strained U.S.-Israeli ties reached another low on Wednesday as Secretary of State John Kerry and Prime Minister Benjamin Netanyahu traded blame over the stalled Middle East peace process, with President-elect Donald Trump vowing a fresh start when he takes office on Jan. 20. Kerry, in a speech Wednesday in Washington, said Netanyahu’s policies backing the expansion of settlements in East Jerusalem and the West Bank were putting a two-state solution to the Israeli-Palestinian conflict increasingly out of reach. Netanyahu, minutes later, accused Kerry of anti-Israel bias and said the U.S. focus on settlements was “unbalanced.”

The White House throws cold water on Trump’s suggestion that…

President Barack Obama and President-elect Donald Trump spoke in what was described as a “positive” phone call on Wednesday, the White House announced in a statement. “Today’s call, like the others since the election, was positive and focused on continuing a smooth and effective transition,” the White House said in the statement.

3 Bank Stocks to Buy

Bank stocks have been on an absolute tear in the past month following the election of real estate mogul Donald Trump as president of the United States. Shares in JPMorgan Chase are up over 18% since Nov. 9, Bank of America is up a whopping 26%, and even the currently scandal-embroiled Wells Fargo has seen its shares rise 21% in anticipation of financial deregulation under President Trump.

Trump touts thousands of new jobs in deal with SoftBank CEO

President-elect Donald Trump says wireless carrier Sprint Corp will bring 5,000 jobs back to the United States. President-elect Donald Trump announced Wednesday that he has reached a deal with SoftBank chief executive Masayoshi Son that would generate thousands of jobs in the United States, the latest in a string of unusually direct negotiations between Trump and corporate America.

My ’15 Surprises for 2017′ List

It should come as no surprise that after pulling off U.S. political history’s greatest surprise ever, Donald Trump is the subject of — and catalyst for — the principal events that I’m putting on my annual “15 Surprises for the Coming Year” list. For those of you unfamiliar with this list, it’s my annual rundown of “possible improbables” that smart traders and investors should watch out for.

Icahn Sees Doubts About Ethanol Mandate Among Trump’s Advisers

Billionaire Carl Icahn, a special adviser to Donald Trump and a skeptic of the U.S. ethanol mandate, said there are others on the president-elect’s team who have even deeper criticisms of the program. Icahn repeated criticism of the credit trading program that regulators and refiners use to track compliance with federal biofuel consumption quotas.

Singapore Defaults Seen as Bellwether for 2017 Asia Distress

Despite a modest rebound in resource prices, restructuring specialists including KPMG and Hogan Lovells Lee & Lee see more Asia-Pacific commodities and shipping companies being pushed into delinquency. Law firm DLA Piper said there could be choppy waters ahead on rising interest rates and President-elect Donald Trump’s overhaul of trade with China.

3 Precision Medicine Stocks to Buy in January

The National Institutes of Health defines precision medicine as “an emerging approach for disease treatment and prevention that takes into account individual variability in genes, environment, and lifestyle for each person.” For several companies, this approach is already a reality — and it has created opportunities for investors.

Russia Urges Libya Leadership Role for UN-Defying Military Chief

Russia threw its weight behind a powerful Libyan army commander, Khalifa Haftar, who’s in conflict with the UN-backed government there, saying he must have a role in the leadership of the crisis-wracked state. Russian Deputy Foreign Minister Gennady Gatilov criticized the United Nations’ envoy to Libya for favoring other political forces in the North African country.

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In less than a month, Donald Trump will be sworn in as the 45th president of the United States, and the clock will begin ticking on the Affordable Care Act’s likely demise. The ACA, which is more commonly known as Obamacare, has been a polarizing law since Day One.

Lockheed Martin’s (Non-Trump) Headwinds

This commentary originally appeared on Real Money Pro at 9:00 a.m. on Dec. 23. Click here to learn about this dynamic market information service for active traders. Lockheed Martin has been under pressure for the past few weeks because of tweets by President-elect Donald Trump.

Trump to Dissolve Foundation

President-elect Donald Trump said Saturday he will dissolve his charitable foundation amid efforts to eliminate any conflicts of interest before he takes office next month. The revelation comes as the New York attorney general’s office investigates the foundation following media reports that foundation spending went to benefit Trump’s campaign.

Stocks End the Week on a Positive Note

Wall Street ended the week on a positive note on Friday as investors doubled down on a rally fueled by optimism that President-elect Donald Trump’s policies will boost economic growth. The Dow Jones Industrial Average, which briefly came within striking distance of the historic 20,000 level earlier this week, recorded its seventh straight weekly gain.

Department Stores’ Post-Election Rally Is Over

Department store stocks jumped after U.S. election results came in on Nov. 8. Shares of companies like Macy’s saw advances of 20% or more in the weeks following President-elect Donald Trump’s victory, but prices have been pulling back once again in the last couple of weeks. The woes for the retail juggernauts of yesteryear continue, so the negative retracement isn’t a surprise.

Another Trump tweet jab, again in the defense sector

Shares of Boeing and Lockheed Martin slipped in early trading a day after a tweet from President-elect Donald Trump appeared to pit the two giants in the defense industry against one another to lower prices for government contracts. During his campaign, Trump lambasted Ford for beefing up operations abroad.

Stocks Struggle for Momentum, But Weekly Gains in Sight

U.S. stocks were little-changed in their final trading day before the holidays on Friday, and while indexes remained on track for a positive week, the “Santa rally” that has taken indexes to repeated records appeared to stall with few catalysts to spur buying. While the Dow once again appeared unlikely to pierce through the closely watched milestone of 20,000, the blue-chip index is set to log its seventh weekly gain in a row.

Tiny Stocks Find a Friend in Trump

U.S. equities have been hitting new record highs, with small-cap value stocks and related exchange traded funds leading the broad market rally, after Donald Trump won the presidential elections and bolstered the economic outlook. The benchmark Russell 2000 Index, a widely observed measure of U.S. small-cap stocks, gained about 14% and the Russell 2000 Value Index advanced over 17% since the U.S. presidential elections.

5 China says it will cooperate with Trump but warns on Taiwan

China has warned that ties with the U.S. will likely see new complications and the only way to maintain a stable relationship is by respecting each other’s “core interests.” Foreign Minister Wang Yi’s remarks Thursday appeared to underscore that China’s position on Taiwan is non-negotiable, weeks after President-elect Donald Trump suggested he could re-evaluate U.S. policy on Taiwan.

Trump Summons Contractors to Mar-a-Lago Over Spending

The two largest U.S. defense contractors said Wednesday they would seek to control their costs after President-elect Donald Trump summoned them and a bevy of top Pentagon officials to his Mar-a-Lago resort in Florida to discuss military spending. “We’re trying to get costs down, costs,” Trump told reporters in brief remarks outside the resort after the officers departed.

BofA’s Moynihan Says Businesses Are Friskier After Trump Victory

Bank of America Corp. doesn’t expect Donald Trump’s election to jolt the U.S. economy next year, but its corporate customers are enthusiastic and already seeking funds to expand, according to Chief Executive Officer Brian Moynihan. Mid-sized companies “are friskier, they’re more active,” Moynihan, 57, said in an interview with Bloomberg Television’s David Westin for broadcast Thursday.

Trump Summons Contractors, Officers to Mar-a-Lago Over Spending

The two largest U.S. defense contractors said Wednesday they would seek to control their costs after President-elect Donald Trump summoned them and a bevy of top Pentagon officials to his Mar-a-Lago resort in Florida to discuss military spending. “We’re trying to get costs down, costs,” Trump told reporters in brief remarks outside the resort after the officers departed.

Clinton Ends Up With 2.9 Million More Votes Than Trump

Hillary Clinton received the most votes of any losing presidential candidate in U.S. history, according to the final and certified election results announced late Wednesday. Clinton ended up with 65,844,954 votes compared to Donald Trump’s 62,979,879 , beating the president-elect by 2.9 million votes.

Net Neutrality Rule to Get Scrutiny From FCC Republicans ‘Soon’

Republicans poised to control the Federal Communications Commission next month said they’d revisit the net neutrality regulation “as soon as possible,” laying out plans to address a rule they’ve opposed and that Democrats support. The statement Monday from Commissioners Ajit Pai and Michael O’Rielly indicates that opponents of the rule such as top broadband providers AT&T Inc. and Comcast Corp. may not need to wait for Congress to grapple with the regulation that requires equal treatment of web traffic.