Last month during the holiday season, as expected there was a rise in consumer spending as households bought more vehicles and took advantage of a variety of services amid rising wages, indicating sustained domestic demand could result in an uptick of economic growth starting early 2017.
Donald Trump and Hillary Clinton both championed significant infrastructure spending as a dire need for America to fix the nation’s crumbling infrastructure and putting Americans back to work to boost the economy. Since emerging as the victor, Donald Trump has released a plan relying mostly on tax credits and private/public partnerships to spur private investment in infrastructure (which analysts have noted seems unfinished and lacks a lot of significant details), and earlier this week the Senate Minority Leader, Chuck Schumer introduced a more widespread one relying on $1 trillion in government spending.
This week, a Cuban trade delegation made up of high ranking government officials, are traveling to four states and six ports to brainstorm potential increased collaboration between the two nations, while the Trump administration is openly reconsidering the advances in economic cooperation made by the Obama administration.
A year ago, at the World Economic Forum in Davos, Switzerland there was a very somber energy vibrating from Russian representatives. Oil prices were near a twelve year low below $30/barrel, and fresh sanctions (over Russia’s actions in Ukraine) from the West lead by America were crippling their economy and financial markets.
Throughout his campaign, Donald Trump made clear that he is no fan of free trade agreements that he believes ship American jobs overseas, specifically naming NAFTA and the TPP (still under negotiation). With only two full days in office, he is wasting no time beginning the process to make NAFTA more favorable to American workers
The world’s largest emerging economy, China, is predicted to have seen a steady 6.7% growth during the final quarter of 2016. Aided by higher government spending and generous bank lending, the tailwind heading into what is expected to be a turbulent 2017 will give the country a good head start.
“We’re going to work very hard to get it done quickly, and done properly” – President elect, Donald Trump. Without counting the EU as a single entity, the UK is currently the 7th largest trading partner of America, if one accounts for the total exchange between both nations. With Britain voting last year to leave
Over the past several decades, the US government (along with most of the world) has officially only had contact with Taiwan through the Chinese government (known as the “One China” policy”), despite internal differences resulting in Taiwan considering itself a sovereign nation and having its own government. However, all of that changed once Donald Trump
The union-backed “Fight for $15” movement continues to protest Trump’s nominee for Labor Secretary, current CKE Enterprises (comprised of Carl’s Jr and Hardee restaurants) CEO, Andrew Puzder in many cities across the nation. The group has been successful in raising the minimum wage in California and New York and fights to help fast food workers
One of Trump’s major campaign promises was to repeal Obamacare on day one. So far, he seems on track to do so as he has the full support of Congress and they appear to be attempting to draft replacement legislation right now. As part of the solution, Trump has taken aim at the is pharmaceutical
Throughout his campaign, President Elect Donald Trump has made it a point that one of his main priorities as President will be to bring back manufacturing jobs to America. In an effort to prove his dedication to that priority, he has begun boldly publicly rebuking some of America’s largest corporations such as General Motors, Lockheed
According to Bloomberg News, Trump may have a $300M conflict of interest with Deutsche Bank, as his company is attempting to restructure debt it owes the bank, and Trump’s new attorney general will inherit a case that could result in a possible multi-billion dollar penalty to the bank related to mortgage-bond investigations. Unsurprisingly, Deutsche Bank
According to the US Bureau of Labor Statistics, job gains slowed down a bit in December to 156,000, and the jobless rate is approaching 4.7% here in America. Many analysts and economists all over the world are now forecasting growth to decrease as the economy is beyond the natural rate of unemployment (which the federal
General Electric Co. reached a deal to combine its oil-and-gas business with Baker Hughes Inc., creating a publicly traded energy powerhouse that would give GE a cost-effective way to play any recovery in the industry. GE will contribute its oil-and-gas business and $7.4 billion through a special one-time cash dividend of $17.50 for each Baker
Free trade in North America has become a contentious issue this year, thanks to attacks by Donald Trump on a wide-reaching agreement implemented by the U.S., Canada and Mexico in 1994. But even as the pros and cons of the North American Free Trade Agreement continue to be debated in the U.S. election campaigns, new
Microprocessor giant Intel (NASDAQ:INTC) has been telling investors for quite a while now that one of the business units that it’s counting on for long-term growth is its Internet of Things, or IoT, segment. Although IoT is something of a catch-all term for a wide variety of applications, Intel’s IoT business — per a company
Tom Wheeler’s FCC says it has created “unprecedented opportunities for new and diverse media voices to find audiences,” primarily through Open Internet policies like Title II reclassification of ISPs. That is according to the triennial report to Congress on ways it has limited the barriers to entry into the communications business by entrepreneurs and small
The greatest challenge in obtaining funding for the commercial trucking industry, is really gaining access to the information you need as a business owner to make an educated decision. In order to gain those insights it requires you read much online but more importantly that you find and engage with a knowledgeable broker who is willing to educate you on options available to your specific needs.
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