Stocks fell to their lows of the day on Friday on news that Chinese trade officials are cutting short their visit to the U.S.US Marketsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
The former top aide of retired United Auto Workers Vice President Joe Ashton, a former member of the GM's board, was charged Friday with conspiracy to commit wire fraud and...Autosread more
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Walmart is the latest to pull back from the industry. Federal regulators said they will soon ban flavored e-cigarettes while some nations have outlawed the products...Health and Scienceread more
Legal experts say that California, which has pledged to sue, has a strong case that the administration's move is unlawful.Politicsread more
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A group of 23 states on Friday sued to undo the Trump administration's determination that federal law bars California from setting stiff tailpipe emission standards and...Transportationread more
While many people are stunned Donald Trump won, one person saw it coming, and embraced it wholeheartedly: Peter Thiel.
Thiel is a billionaire thanks to his early investment in Facebook, where he is a board member. He was a co-founder of PayPal, and an investor in a number of technology companies.
He was also a loud supporter of Trump, which made him an outcast in Silicon Valley, where many tech industry execs and workers people are distraught over Trump's victory.
Two weeks ago, Thiel explained his support for Trump at the National Press Club. He also explained why he thought Trump would win.
In retrospect, Thiel nailed the Trump phenomenon:
"I think one thing that should be distinguished here is that the media is always taking Trump literally. It never takes him seriously, but it always takes him literally. ... I think a lot of voters who vote for Trump take Trump seriously but not literally, so when they hear things like the Muslim comment or the wall comment, their question is not, 'Are you going to build a wall like the Great Wall of China?' or, you know, 'How exactly are you going to enforce these tests?' What they hear is we're going to have a saner, more sensible immigration policy."
For what it's worth, this line seems to be lifted from The Atlantic. But Thiel amplified it at the Press Club.
The world will wait to see what a Trump presidency looks like, but Trump's first speech as president-elect reinforced Thiel's statement. Trump was gracious. He didn't insult anyone, and he focused on big themes that people around the country want to see change.
And he didn't say one thing about building that great wall.
It's anybody's guess where Trump goes next, but Thiel would probably advise Americans to pay closer attention to the spirit, and not the letter, of what he says.