Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Daniel Povey, a professor who was fired by Johns Hopkins University, said he will no longer go work at Facebook after the company asked him to work as a contractor while it...Technologyread more
Markets would like Fed Chairman Jerome Powell to clarify whether the Fed sees itself at the beginning of a serious, longer-term rate cutting cycle.Market Insiderread more
In comparative terms, CEOs now make on average 278 times the average worker's salary, according to the Economic Policy Institute.Executive Compensationread more
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Roger Stone and the Department of Justice have been sparring for a month over whether jurors can be shown a 4-minute-and-20-second clip from the film.Politicsread more
As part of his new proposal to combat hate and violence, O'Rourke wants to make social media companies liable for users' hateful content.Technologyread more
That's an important development to watch as actions taken by Trump against North Korea will likely result in a cold war between the U.S. and China, said David Roche, president and global strategist at Independent Strategy. Such a turn of events between the two major powers would have global implications, he added, pointing to how it would affect worldwide trade and investment.
Outlining the two likely scenarios that could play out, Roche said the U.S. may try to contain North Korea by having "rings of missiles throughout the Asia Pacific region pointing at Pyongyang" or it could try to remove the hermit nation's leader Kim Jong Un through an attack.
Both those scenarios undermine China's influence — they would remove a key strategic ally from Beijing's foreign policy plan — and would lead to an "almost inevitable cold war" between China and the U.S., he said.
"One of these two outcomes is pretty likely so what comes out of that is all sorts of things: trade complications, cold wars et cetera. And that, I think, would be a major geopolitical forecast I would make for this year," said Roche.
Kim declared North Korea "a peace-loving and responsible nuclear power" in his annual New Year's Day address on Monday, Reuters reported. The leader also said the U.S. should be aware that his country's nuclear forces are now a reality, not a threat, but claimed that he was "open to dialogue" with the South.
Pyongyang's testing of its nuclear weapons escalated tensions throughout 2017 and brewed fiery rhetoric between Trump and Kim. But other than some knee-jerk reactions, financial markets mostly shrugged off those developments.
Roche said it is hard to predict how Trump will react to Kim's latest declaration, but any actions by the U.S. will hit equities more than other asset classes.
"The major casualty out of this would be equities because equities are now based upon such optimism that any really negative impact will affect the most high-flown asset," he said.