Day: January 3, 2018

Tess Torelli January 3, 2018

Separately, Chong said Asian stocks could extend their gains this year. In particular, he said he likes Chinese stocks such as tech firm and exporters, both of which are still “not too expensive.” However, he said he would stay away from the region’s utilities and telecom stocks. Chong, like many other investors, downplayed risks to […]

Vinnyd January 3, 2018

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Tess Torelli January 3, 2018

Just before heading home last month, Congress approved a stop-gap extension of existing spending levels, known as a continuing resolution, which runs out Jan. 19. Unless extended, a series of mandatory furloughs and service cuts would kick in. Any shutdown, even for a few days, would be costly. Congressional fiscal gridlock resulted in a 16-day […]

Tess Torelli January 3, 2018

Getty Images In this handout photo from the U.S. Navy, a strike force of Republic of Korea and U.S. warships patrol May 3, 2017 in the western Pacific Ocean, led by the Nimitz-class aircraft carrier USS Carl Vinson. Such a scenario remains a “low-probability event,” Moody’s stated in a new report Wednesday following fresh bellicose […]

Tess Torelli January 3, 2018

Acknowledging his push to broker peace in the Middle East has stalled, President Donald Trump on Tuesday appeared to threaten to cut off U.S. aid money to the Palestinian Authority, asking why the U.S. should make “any of these massive future payments” when the Palestinians are “no longer willing to talk peace.” Trump, in a […]

Tess Torelli January 3, 2018

Walt Disney’s deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said. The deal, which is set to be announced on Thursday, will end more than half a century of expansion by […]

Tess Torelli January 3, 2018

Andrew Harrer | Bloomberg | Getty Images Senator Orrin Hatch, a Republican from Utah and chairman of the Senate Finance Committee. Hatch highlighted what he deemed some of his most significant achievements in Congress: playing a role “in the creation of the modern generic drug industry, the passage of the landmark Americans with Disabilities Act, […]