President Trump wants a wall along the border with Mexico, CNN has been told by multiple sources within the agencies involved in building, paying for and enforcing this barrier. President Trump has been looking at various blueprints with his advisers, a senior administration official told CNN. He could ultimately insist on a concrete wall stretching across the entire border, as he has promised. It would be a far bigger and a vastly more expensive project, and any plan would need to be sent to Congress for funding approval.
"Even in an age of rising nationalism, we as a global technology sector need to become a trusted and neutral digital Switzerland," Smith said at the RSA Conference 2017 in San Francisco. This week’s security conference is getting more focus than ever before, thanks to the 2016 US presidential election, which generated more news on cyberattacks, email leaks, and cybersecurity blunders than anything else. The United States had formally accused Russia of hacking the Democratic Party to influence election results. While the US and private security firms released reports showing a connection to Russia, not everyone trusted these results since Russia won’t accept the blame and a Democratic President was then leading the US.
Germany completed the transfer of $13 billion in gold reserves from New York to Frankfurt, the Bundesbank announced on Thursday. The transfer is one step in a plan developed by Germany’s central bank in 2013 that aims to repatriate half the gold reserves it keeps abroad during the Cold War. The final transfer is expected from Paris later this year, completing the project three years ahead of schedule. Stashed away at the height of the Cold War in safe havens well out of Moscow's reach, the 3,378-tonne, 120 billion-euro gold stockpile has become a symbol of Germany's economic ascent and a guardian of its stability. Germany is not bringing home its gold bullion in response to concerns about President Trump’s monetary policy, officials said.
The Dow has gone over 20,000, a historic high. As of 10th February it was at 20,269.37. The SPX was also flying high at 2,316.10. “All is well that ends well” can certainly be said for the past week`s performance in the markets. As is well known, however, history and past performance are no guarantee for the future.
The first weeks of Mr Trump being in power have been disruptive, the least to say. Concomitantly, reflation trades, which we were early proponents of since Spring last year, may be getting overextended. We believe it may be time to consider Defensive and Growth stocks again.
Twitter on Thursday beat analysts' expectations for earnings per share in its fourth quarter before the opening bell, but missed revenue estimates, prompting a steep fall in its stock price in pre-market trading. The San Francisco-based company, led by CEO Jack Dorsey, reported adjusted earnings of 16 cents per share on revenue of $717 million, up from a year-earlier $710.5 million.
President Donald Trump pledged Thursday he will soon unveil a “phenomenal” tax cut plan. "Lowering the overall tax burden on American business is big league. That's coming along very well. We're way ahead of schedule," Trump said during a White House meeting with airline industry executives on Thursday. Trump and GOP congressional leaders have come under fire recently from some conservatives for not taking action on popular campaign promises like cutting taxes and repealing Obamacare.
PayPal revealed on Wednesday that it is being investigated for violations of anti-money laundering regulations and U.S. sanctions. The California-based online payment processor said in a securities filing that it had received a subpoena from the U.S. Department of Justice seeking information related to its “historical anti-money laundering program” as well as new subpoenas related to potential sanctions violations from the U.S. Department of the Treasury.
The Swiss manufacturer Oerlikon Metco plans to spend $62 million (CHF55 mln) to open a facility in Huntersville, where it will create 93 high-paying jobs over the next five years, it said Monday. The new plant will specialize in end-to-end advanced component manufacturing, and it will also house research and development work, according to a statement from the company Monday. Oerlikon’s Charlotte plant will be its first additive manufacturing facility in the U.S. and will provide end-to-end advanced component manufacturing and house extensive research and development and production teams.
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