National security officials in the Trump administration are looking at options where the U.S. government could take over a part of the country’s mobile network as a way of guarding against China, news outlet Axios reported. Axios, citing sensitive documents it obtained, said there are two options up for consideration: […]
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Asian shares gain after Wall Street’s record highs; Kospi rises 1.1%
Asian shares traded higher early on Monday following significant gains stateside in the last session, which saw major U.S. indexes touch record highs. Japan’s Nikkei 225 rose 0.43 percent as most large caps advanced. Toyota was higher by 0.04 percent, with most other automakers recording slight gains. Manufacturing company Fanuc […]
India’s ruling party may shore up votes by pushing more money toward farmers
Support for India’s ruling political party has been fading outside urban areas — and that could mean good things coming for farmers. New Delhi is likely to focus attention on rural areas in its upcoming annual budget, set for release on February 1, in an attempt to shore up political […]
Asian shares look poised to gain after Wall Street touches record highs
Asian shares looked set to rise on Monday following significant gains stateside, which saw major U.S. indexes touch record highs in the last session. U.S. stocks were given a lift on Friday on the back of expectation-topping corporate results. As of Friday, 82 percent of companies that have announced fourth-quarter […]
Russian opposition leader Navalny has been released from custody, his lawyer says
Russian opposition leader Alexei Navalny was released from police custody late on Sunday after a brief appearance at a rally in Moscow calling for the boycott of a March presidential election that he said would be a rigged. Navalny’s lawyer, Olga Mikhailova, told Reuters that her client had been released […]
A fire sale by the Treasury could send shock waves through the bond market, strategist warns
Wells Fargo’s head of interest rate strategy is detecting a major trouble spot in the bond market. Michael Schumacher’s chief concern right now: Who’s going to buy all those extra Treasury notes? “They [people] are worried about Treasury issuance going up, up, up. You could see an increase in 2018 […]
Drivers in California’s 3 largest cities wasted $7 billion on gas in 2017
Think filling up your car is expensive? Try doing it one of California’s three largest metro areas. Drivers in Los Angeles, San Francisco and San Diego may have spent as much as $17 billion on gas last year, based on a new estimate from Zendrive, a start-up that analyzes driving […]
GOP lawmakers push back on the idea of a gas tax as Trump gears up for $1T infrastructure plan
President Donald Trump‘s massive infrastructure package just hit a major roadblock. Prominent Republican lawmakers are already coming out against raising the federal gas tax to pay for the president’s promised $1 trillion investment in infrastructure. Speaking on Saturday night at a private donor retreat here hosted by billionaire industrialists Charles […]
Here’s what to look for as health care reports earnings, with HCA, Aetna and CVS front and center
This week, investors could get a better picture of how this year’s intense flu season is impacting health care firms, with three major health insurers and the nation’s largest for-profit hospital operator set to report fourth quarter results. Here’s what to watch: Hospital operator HCA reports Tuesday. With a large […]
Earnings have been ‘unambiguously positive,’ and it’s going to get even better, says JPMorgan
Buckle up: The market is entering one of the busiest weeks of earnings season, and one strategist says the ride could be thrilling. More than 100 S&P 500 Index companies and 10 Dow stocks are due to report in the coming week, a group with a collective value of over […]