The spectacular results of the four major US technology firms drove the Nasdaq index to a new record high as it closed the week at 6.701, a rise of 35% since the highs of the technology bubble at the start of the century which was a psychological level many thought would never be recovered.
Caixin | President Xi Jinping is hosting U.S. President Donald Trump in China for the first time since Wednesday. Trump’s visit is part of his whirlwind Asia tour that saw him spend three days in South Korea.Trump will be accompanied by a business delegation that includes the leaders of 28 U.S. companies.
After several months of buildup, the Trump’s tax reform was finally unveiled on September 27. To better understand the potential implications for investors, Curt Overway, CFA from Natixis Global AM offers insight on what the tax reform proposal means for investors’ portfolios. A few observations can be made.
Late yesterday, Donald Trump outlined his plans for the overhaul of the US tax system in a speech in Indianapolis. The aim is to cut taxes by $1.5 trillion over 1o years, as well as simply the system.
Benjamin Cole | With the announced mid-October resignation of U.S. Federal Reserve Vice Chairman Stanley Fischer, Donald Trump has a chance to do what Presidents Obama and Bush never did: appoint growth-oriented members to control nation’s central bank.
Donald Trump has launched a nation-wide campaign in an attempt to salvage his tax reform plans. And time is running out for Congress. After deciding to totally amend the bill, it is proving to be incapable of reaching a minimum consensus on its shape and content.
Nick Ottens via Atlantic Sentinel | Top military officers are exerting increasing influence in Donald Trump’s administration and causing some to wonder if it’s the start of an American junta. But nobody really expects John Kelly, James Mattis and H.R. McMaster to attempt a putsch.
The US Congress used to bully the White House by threatening to put a lid on public expenditure, forcing the administration to face failure. Mr Trump has turned the rules of the game upside down by menacing that he will do this should Congress fail to fund the Mexican wall.
As Trump played his part in the reshuffle of Saudi Arabia for the succession of Mohammed bin Salman, he could likely play a salient role in the apparent coup in the UAE — this time for the succession of Abu Dhabi’s crown prince Mohammed bin Zayed. The plot could help Trump to have complete control over the Gulf in a way that he wishes for US interests.
Mr Trump would be wise to avoid further threatening once he’s made clear that the US will immediately retaliate should North Korea launch even a harmless attack close to Guam. Undoubtedly Mr Kim got the message. That said, no-one knows how he might react next time.