Embracing his role as party leader, President Donald Trump issued a stern warning at a rally Thursday that Democrats would disrupt the economic progress of his administration, imploring Republicans to mobilize during the 2018 midterm elections. Trump used one of his signature rallies in northern Indiana to paint a rosy […]
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Hang Seng leads gains as Asian shares advance, tracking US rally
Most Asian stocks traded higher on Friday, with positive sentiment partially driven by gains seen on Wall Street following softer-than-expected U.S. inflation data. Meanwhile, oil prices were steady after touching multi-year highs in the last session on geopolitical concerns. The Nikkei 225 was up 1.06 percent in Tokyo and the […]
US and Chinese officials to meet in Washington on Friday to discuss trade dispute: US official
U.S. and Chinese officials are set to meet in Washington on Friday to discuss trade disputes between the world’s two largest economies ahead of a pending visit by China’s top economic official, a U.S. Treasury official said. The official described the meeting as a follow-up to last week’s high-level trade […]
Asian shares advance, tracking Wall Street’s rally
Asian stocks traded higher on Friday, tracking gains seen on Wall Street overnight, with the Dow Jones industrial average notching its sixth consecutive day of gains in the last session. The Nikkei 225 was up 0.69 percent in Tokyo and the broader Topix gained 0.49 percent. The materials sector was […]
US says it backs Argentine president’s economic reform program
The United States supports Argentine President Mauricio Macri’s economic reform program, the White House said on Thursday, after Buenos Aires announced this week it was seeking financing from the International Monetary Fund. “The United States supports the economic reform program of President Mauricio Macri of Argentina, which is market-oriented, growth-focused, […]
The NBA is looking at a handful of Asian countries to become big markets
The NBA has expanded its international presence during the last few decades — the teams had a record number of international players competing in the 2018 NBA playoffs and the league has won millions of new fans across the globe. From a business perspective, the league has already had success […]
Panasonic executives reportedly cautious about future Tesla commitments
David Paul Morris | Bloomberg | Getty Images Elon Musk, chairman and chief executive officer of Tesla Motors Some Panasonic executives are expressing hesitation about new investments with Tesla in battery manufacturing, according to a report out Thursday in the Nikkei Asian Review. Tesla and Panasonic were expected to set […]
Trump plan won’t allow Medicare to negotiate prices but will propose some drug plans share discounts
President Donald Trump will unveil a plan to limit prices on some costly drugs, though it will not go as far as some Democrats want, according to senior administration officials. The plan, set to be released Friday, will require Medicare Part D plans share a portion of discounts they receive […]
Trump to propose Medicare drug plans share some manufacturer rebates with patients
President Donald Trump will unveil a plan to limit prices on some costly drugs, though it will not go as far as some Democrats want, according to senior administration officials. The plan, set to be released Friday, will require Medicare Part D plans share a portion of discounts they receive […]
Mark Zuckerberg’s control of Facebook is like a dictatorship: CalSTRS
The capital markets are a democracy, but that’s not how Facebook is being run, said Christopher Ailman, the chief investment officer of the California State Teachers’ Retirement System, known as CalSTRS. “There is something wrong,” he said Thursday on CNBC’s “Closing Bell.” “When Facebook changed its structure to take public […]