By JOSH FRIEDMAN Following intense criticism by U.S. President-elect Donald Trump, Ford Motor Company opted to scrap its plans to build a $1.6 billion manufacturing plant in Mexico. Ford says it will instead invest $700 million in Michigan and create 700 U.S. jobs, CNN Money reports. Trump has promised tax cuts and regulatory reductions, while
The Dow Jones Industrial Average (+13.4%), Russia's RTS (+27%, or 52% in dollar terms), Argentina's Merval index (+45%), Brazil's Bovespa index (+39%), the Canadian TSX Composite index (+17.5%) Norway's All-Share index (+18%), Indonesia's stock market (+15%) and London's benchmark FTSE 100 (+14.4%) were the best performing stock markets of 2016, according to CNN Money. Following the "Trump bump,"
Fed Chair Janet Yellen announcing the rate hike The Federal Reserve increased its federal funds rate last week by a quarter point, boosting it to the target range of .5-.75. The federal funds rate is the United States' most significant interest rate. When the federal funds rate increases, borrowing money becomes more expensive.
Former U.S. Secretary of State Henry Kissinger strolls to dinner at the 2016 Bilderberg conference in Dresden, Germany. Protesters heckle Kissinger as he traverses what has been dubbed "the catwalk" or "the walk of shame" at Bilderberg 2016.
By ARNOLD FRIEDMAN The animosity and glaring differences between two New Yorkers, Donald Trump and Hillary Clinton, will be on the line in the main event to succeed President Barack Obama. While Trump staggered through the worst week of his year-long, high drama Republican campaign, Democrat Clinton became the first woman in American history to
A U.S. drone strike killed Taliban leader Mullah Akhtar Mohammad Mansour on Saturday, CNN reports. The strike occurred in a remote area of Pakistan near the Afghan border. The Pakistani government released a statement saying the drone strike was a violation of sovereignty.
By ARNOLD FRIEDMAN The night before the deadly terrorist attacks on Brussels, Donald Trump called for the United States to rethink its involvement in NATO. Then on the same day as bombs were set off at the Brussels airport and a metro station, the Republican frontrunner in the U.S. presidential race scored another decisive primary election victory
By ARNOLD FRIEDMAN Democrat Hillary Clinton and Republican Donald Trump moved closer to a general election showdown, with both presidential candidates dominating Tuesday's primary vote in five well-populated states. Trump's strong showing in Florida, a key state, caused one of his main competitors to drop out of the race. Florida Senator Marco Rubio announced a halt