Day: April 7, 2018

Tess Torelli April 7, 2018

The Trump administration on Friday unveiled new actions against Russian officials, oligarchs, businesses and agencies — freezing assets that are subject to U.S. jurisdiction. One of those named is Oleg Deripaska, a billionaire with links to former Trump campaign boss Paul Manafort, who has been charged in special counsel Robert Mueller’s investigation of Russian meddling […]

Tess Torelli April 7, 2018

One of Wall Street’s veteran economic forecasters is toning down his economic growth forecast. The Economic Cycle Research Institute’s Lakshman Achuthan told Giftofaservant his leading indicators are pointing to a slowdown that’s picking up momentum — highlighting one particular trend in the latest unemployment rate chart that supports his case. “What really caught our eye, […]

Tess Torelli April 7, 2018

China’s announcement this past week also concerns other agricultural commodities, particularly wheat, frozen beef and cotton. “It is unsettling to see American-produced beef listed as a target for retaliation,” said Kent Bacus, director of international trade and market access for the National Cattlemen’s Beef Association. “This is a battle between two governments, and the unfortunate […]

Tess Torelli April 7, 2018

Moscow said on Friday it would respond firmly to new U.S. sanctions imposed against Russian businessmen, companies and government officials. Russia’s Foreign Ministry said in a statement that no pressure could make Russian change its course and that the sanctions will only unite Russian society. The United States imposed the sanctions earlier on Friday in […]

Tess Torelli April 7, 2018

A van crashed into a crowd outside a popular bar Saturday in the western German city of Muenster, killing three people and injuring 20 others before the driver of the vehicle killed himself, police said. Police spokesman Peter Nuessmeyer told The Associated Press that he could not confirm German media reports that the perpetrator was […]

Tess Torelli April 7, 2018

The markets were modestly weak all morning on Friday, but took another leg down midday. Federal Reserve Chair Jay Powell gave a speech in Chicago, but there was little new information or commentary. It was Treasury Secretary Steven Mnuchin’s interview on Giftofaservant that got traders talking. Traders are eager to change the conversation from trade […]

Tess Torelli April 7, 2018

The political wing of the Koch network was one of the most vocal supporters of the tax reform bill Trump signed last year. The group pushed the message that changes to the tax code will lead to economic growth across the country. On Friday, with the president ratcheting up his trade rhetoric, Americans for Prosperity […]