Tag Archives: Trump&#039s

Tech earnings; Ivanka Trump meets with Merkel; Trump's 100th day

Trump signs ‘Buy American, Hire American’ order 1. Tech earnings: On Wednesday and Thursday, a slew of tech companies will release their quarterly earnings reports. Twitter comes on Wednesday, followed by Google, Microsoft and Amazon on Thursday. Twitter is an especially interesting stock to watch this week. The social media focused company is trading close to its all time low and it continues to feel the pressure of competitors like Facebook(FB, Tech30) and Snap(SNAP). Meanwhile, investors have been excited about Microsoft. Its ability to monetize cloud computing services has pushed ...

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Dodd-Frank in Trump's sights ahead of Friday Treasury meeting

Robert Rubin: Much of Dodd-Frank was ‘necessary’ President Donald Trump is planning to take the next step Friday in his steady attack over the 2010 Dodd-Frank financial reform law. The president will direct Treasury Secretary Steven Mnuchin to review regulators’ authority to unwind a bank on the brink of failure and to label nonbank firms — insurance companies, private equity firms and hedge-funds — as risky institutions, according to a preview of the president’s schedule from the White House. He will also sign an executive order at the Treasury Department ...

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Trump's very rich team gets a little poorer

Trump’s administration picks: Billionaires and millionaires There’s no shortage of rich people in the Trump administration. But the president will have fewer tycoons around him than he had planned. Todd Ricketts, whose family owns the Chicago Cubs, withdrew his nomination for deputy commerce secretary on Wednesday. “He wanted to serve, but couldn’t untangle all of the finances,” a person close to Ricketts told CNN. Ricketts follows three other mega-rich nominees who have pulled out of consideration for Trump administration posts: Vincent Viola, who Trump nominated for secretary of the Army; ...

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Trump's economy team is missing two big pieces

Warren to Acosta: I’m glad you aren’t Puzder President Trump has been in office nearly three months, but he’s still missing two key members of his economic team. Robert Lighthizer, the nominee for U.S. trade representative, and Alexander Acosta, Trump’s pick for labor secretary, have yet to advance to the full Senate for confirmation votes. They will remain in limbo for at least two more weeks. Congress is in recess until April 24. Both are widely expected to be confirmed, but it’s not clear when. The vacancies leave Trump without ...

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Trump's Syria air strike a warning for Wall Street too

Oil prices jump after U.S. strikes Syria President Trump didn’t just fire off a loud warning shot to the Assad regime in Syria. The military strike on Syria should also serve as a reminder to Wall Street about how suddenly conflict of global proportions can occur in the unpredictable Trump era. Financial markets were briefly rattled by the U.S. tomahawk missile attack on Syria. Dow futures initially plunged over 150 points when news of the strike broke but they rapidly recovered. Oil prices spiked 1% and gold, a safe haven ...

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Trump's old Ferrari sells at auction for record $270,000

Steve McQueen’s Ferrari: $ 10.2M A Ferarri once owned by President Trump was sold at auction this weekend at a record $ 270,000. The 2007 Ferrari F430 F1 Coupe was purchased new by Trump a decade ago. He didn’t drive the Ferrari much. Trump sold the supercar in 2011 with fewer than 2,400 miles on it. The vehicle changed hands again on Saturday at an Auctions America event in Florida. The auction house did not name the buyer or the seller. The cherry red Ferrari rolled onto the auction block ...

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Jobs! Jobs! Jobs!; Senate votes on Trump's SEC pick; Fed talks rates

Why the Fed hiked interest rates again 1. Jobs report: On Friday, the U.S. Labor Department will release its March jobs report. It’s yet another glimpse at President Trump’s key promise: “Jobs! Jobs! Jobs!” as it put it in a tweet last week. February’s report was robust: The U.S. economy added 235,000 jobs and the unemployment rate dipped to 4.7% from 4.8%. Trump is on pace to fulfill his promise to create 25 million jobs over the next 10 years, though he’s only got a couple months under his belt. ...

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Donald Trump's childhood home sells … again. For a massive profit

A house where Donald Trump once lived in as a child has been generating quite a bit of interest — and value — lately. The New York property, which was the first home of the 45th president of the United States, was set to be auctioned off last year. It ultimately sold in December to real estate investor Michael Davis, who purchased the 2,500-square-foot home for $ 1,390,500.Davis flipped the property to an unnamed bidder on March 23 for $ 2.14 million — a nearly 54% profit. “This property is ...

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Donald Trump's US healthcare bill vote withdrawn

A vote on US President Donald Trump’s healthcare bill has been withdrawn at the last minute after it failed to gain enough support to pass in Congress. House Speaker Paul Ryan said he and Mr Trump agreed to pull the vote, after it became apparent it would not get the minimum of 215 Republican votes needed. The withdrawal is seen as a huge blow to Mr Trump. Repealing and replacing the programme known as Obamacare was one of his major election pledges. Earlier on Friday, White House press secretary Sean ...

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Trump's Wall Street cop promises 'no favoritism' despite ties to banks

Trump fills top spots with Goldman Sachs employees President Trump’s SEC nominee Jay Clayton promised to police Wall Street without showing “favoritism to anyone” despite his history representing big banks and several scandal-ridden corporations. “I am 100% committed to rooting out any fraud and shady practices in our practices in our financial system,” according to a copy of Clayton’s testimony before the U.S. Senate Banking Committee, which is holding his confirmation hearing Thursday. Clayton, a star Wall Street lawyer whose wife works at Goldman Sachs(GS), said in his prepared remarks ...

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