Global stocks tumbled amid growing doubts President Trump will be able to deliver on a promise of tax cuts that has powered stocks markets to record highs pushed shares lower on Wednesday and drove investors to seek safety in government debt, gold and the yen. As DB put it: "Warning! US equities can occasionally go down as well as up a lot."
For all those who are looking for someone - or someones - to blame for today's selloff, which is shaping up as the worst of 2017, here is the list of 26 Republican house members who are jeopardizing Trump's entire domestic agenda. As a reminder, the GOP can only afford to lose 21.
Despite holding no official title, President Trump's 35-year-old daughter Ivanka is reportedly getting an office (and access to classified information and a government-issued phone) in the White House West Wing, stepping up her highly visible role in helping advise her father.
North Korea test-fired a salvo of missiles Wednesday, but it ended in failure, South Korea's military said. "South Korea and the United States are aware of the related issue," the defense ministry said in a one-sentence statement.
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North Korea has nothing to fear from any U.S. move to broaden sanctions aimed at cutting it off from the global financial system and will pursue "acceleration" of its nuclear and missile programs, including developing a "pre-emptive first strike capability" and an inter-continental ballistic missile, a North Korean UN envoy warned.
More than a year after hyperinflating banana republic Venezuela stopped reporting official inflation data, Venezuela has stopped publishing money supply data, depriving the general public of the last, and best, available tool to ascertain soaring inflation in what has become the world's worst-performing economy.
Kim Jong-un has released a propaganda video in which a US aircraft carrier is blown up while a US strategic bomber shot down in flames. The clip also includes footage from the communist state’s recent ballistic missile launches
Rex Tillerson plans to skip an April 5-6 meeting of NATO foreign ministers for a U.S. visit by the Chinese president and will travel to Russia later in the month, U.S. officials said on Monday, a step allies may see as putting Moscow's concerns ahead of theirs.
While conventional capital markets may be experiencing a "great rotation" out of retail cash into ETFs as Reuters puts it, a similar dynamic was taking place in the cryptocoin realm: "some experts said traders were selling bitcoin and buying ether, which was exacerbating the falls in the original cryptocurrency."
It's not just US-Russian relations that have devolved to the level of spontaneous diplomat expulsion. According to Reuters, New Zealand has expelled an attache at the U.S. Embassy after Washington refused to waive his right to diplomatic immunity in relation to a police investigation of a potentially serious crime, after an "incident" which gave him a broken nose and a black eye, media and authorities said.