the Trump administration has warned that the U.S. isn't and won't bound by decisions made at the World Trade Organization, in outlining a new trade agenda that "promises to root out unfair practices by foreign countries" and to escalate what are already simmering trade conflicts.
"It’s taking a lot more incentives now to move the metal than it did last year or certainly the year before. Things are slowing. If this level of incentives continues, it certainly will eat into profits."
The U.S. Customs and Border Protection agency said on Friday it will accept proposals next month for the design of a wall to be built near the U.S.-Mexican frontier, a first step in picking vendors for President Donald Trump's proposed border wall.
"I still hate crude oil and believe the next surprise will be lower rather than higher. But a little weekend thinking has forced me to re-evaluate the true extent of the supposed extreme speculative positioning..."
Though the major point of conversation this week was about Trump’s threat to a state legislator, the bigger story should be the implicit support Trump gave to civil asset forfeiture, whether he realized it or not. And if you are not aware what civil asset forfeiture is, it is (surprisingly) something that is agreed by both sides of the aisle to be unjust and unconstitutional, and rightfully so.
Having seemingly survived their existential crisis last year, it appears the world's most systemically dangerous bank remains under pressure. Just a day after missing analysts' earnings expectations, Deutsche Bank is set to announce major job cuts across its trading businesses.
After staging a remarkable recovery in its stock price since last summer's record lows, nearly doubling from its September price, Deutsche Bank shares tumbled this morning after the bank reported a net loss of €1.89 billion for the fourth quarter, which while better than the €2.12 billion loss one year ago, was a big miss to the consensus expected shortfall of €1.32 billion.
In follow up remarks to lawmakers, Steven Mnuchin said even banking units that lack a government backstop should be restricted from making speculative trades: "a legal distinction between the insured and non-insured entity is an important factor in eliminating risky activities within the institution that has” insured deposits.