President Donald Trump was set to sign an executive memorandum on Thursday that would impose about $50 billion in retaliatory tariffs on Chinese imports. The new measures are designed to penalize China for trade practices that the Trump administration says involve stealing American companies’ intellectual property. They will primarily target […]
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Paul Ryan talks up the spending bill for an audience of one on ‘Fox & Friends’
House Speaker Paul Ryan appeared to have one intended listener during a Thursday morning TV appearance to promote Congress’ massive spending bill: a reluctant president. President Donald Trump entered Wednesday hesitant to support the $1.3 trillion plan, which would pair a massive military funding increase with a boost to domestic […]
Trump’s big tariff blow on China may cause a backlash against Boeing
If China decides to respond to President Donald Trump’s announcement Thursday to slap $60 billion of tariffs on Chinese goods, the path to revenge could begin with Boeing, the darling of the rising stock market on which Trump has staked his claim to economic credibility. The measure is partly “based […]
Cramer: Facebook’s Zuckerberg and Sandberg can’t be trusted to handle data leak fallout
Facebook‘s top executives have lost public trust to handle the social media company’s data leak fallout, CNBC’s Jim Cramer said Thursday. “If we trusted [Mark Zuckerberg], we wouldn’t need to speak with him,” said Cramer, whose charitable trust owns shares of Facebook. CEO Zuckerberg, COO Sheryl Sandberg and Facebook board’s […]
Recent college grads are lining up for a $12,000-a-year job in Chicago, and it’s a good thing
As a CEO and native Chicagoan, I love my city and would live nowhere else. Yet it bothers me when I see Chicago in national headlines for troubling reasons — failing public schools in low-income areas with high dropout rates, and (as everyone knows) an epidemic of gun violence in […]
Bank of England holds rates — but split vote sets the stage for May hike
The Bank of England (BOE) kept its main interest rate unchanged Thursday but two policymakers unexpectedly voted in favor of an immediate rate hike, boosting the prospect of rising borrowing costs in May. In the second Monetary Policy Committee (MPC) review of the year, the U.K.’s central bank held rates […]
Worried that stock earnings growth has already peaked? Watch the Fed’s GDP tracker
Weighing the good news versus the bad news issuing from the economy is one of the most critical things investors do, but human biases get in the way. That’s a simple way of saying that people believe what they believe, even in the face of contradictions. We have a massive […]
Casino mogul Steve Wynn lowers his stake in Wynn Resorts to 7.8%
Steve Wynn, the former chief executive of Wynn Resorts, has sold some shares in the company, lowering his stake in the casino operator to about 7.8 percent from 11.78 percent, according to a regulatory filing on Thursday. Steve Wynn sold 4.1 million shares of the company, the filing showed. His […]
Southern California is on guard as heavy rains threaten to trigger deadly mudslides
The threat of dangerous mudslides will grow on Thursday as a storm rolls through coastal California, where thousands have fled from homes near hillsides that were stripped of vegetation by massive wildfires. Intense rains of up to an inch (3 cm) per hour was forecast on Thursday morning for Santa […]
Trump attacks ‘crazy Joe Biden’ after the former VP said he would have ‘beat the hell out of’ Trump for disrespecting women
President Donald Trump is lashing out at Joe Biden for wanting to “beat the hell out of him,” saying the former vice president “would go down fast and hard, crying all the way.” The Republican president tweeted Thursday: “Crazy Joe Biden is trying to act like a tough guy. Actually, […]