AP Photo/Richard Drew Stocks surged Wednesday after Federal Reserve Chairman Jerome Powell gave a speech that was received as more dovish than expected, lifting Wall Street to its best day in months after a series of bruising sell-offs in October and November. The Dow Jones Industrial Average jumped 2.5%, or more than 600 points, marking…
AFTER DUSK men from Lea Lea, a village in Papua New Guinea, wade into the Coral Sea to spear fish sleeping near the seabed. Their torches twinkle in the darkness. But they are easy to miss against the riot of illumination from a $19bn liquefied natural gas plant. Built by ExxonMobil, it stores natural gas…
WASHINGTON — A lawyer for Paul Manafort, the president’s onetime campaign chairman, repeatedly briefed President Trump’s lawyers on his client’s discussions with federal investigators after Mr. Manafort agreed to cooperate with the special counsel, according to one of Mr. Trump’s lawyers and two other people familiar with the conversations. The arrangement was highly unusual and…
President Trump leveled another attack on Jerome Powell, the Federal Reserve Chairman he appointed earlier this year, saying he’s “not even a little bit happy” with his performance and faulting him for the stock market’s recent declines. Speaking in an interview to the Washington Post, Trump complained about the Fed’s policies under Powell, notably its…
President Donald Trump continued to point the finger at the Federal Reserve for any and all bad economic news during an interview with The Washington Post published Tuesday. The president blamed the Fed's interest-rate hikes for the recent stock-market wobbles, as well as General Motors' big round of layoffs and factory-closure announcement, according to The…
IN DIPLOMACY, building bridges is usually a good thing. But Russia’s Crimean Bridge, spanning the Kerch Strait between the Sea of Azov and the Black Sea (see map), has been more flashpoint than pacifier since it opened six months ago. On November 25th Russian forces shot, rammed and then seized two Ukrainian warships and a…
Most recently, Jerome Corsi, a conservative author and friend of the former Trump campaign aide Roger J. Stone Jr., said Mr. Mueller’s team is pressuring him to plead guilty to lying to them about his communications with Mr. Stone about WikiLeaks. Investigators are looking for links between the Trump campaign and WikiLeaks, which distributed emails…
In a move that will save the company $6 billion by the end of 2020, General Motors announced a restructuring Monday that includes chopping its workforce by 15% and shuttering five plants next year. The country’s largest automaker also announced it would discontinue the production of some of its models, shifting away from slower-selling sedans…
President Donald Trump is ready to escalate the trade war with China even further as a crucial meeting with Chinese President Xi Jinping nears. In an interview with The Wall Street Journal on Monday, the president said it is "highly unlikely" that the US and China will reach a deal to prevent the 10% tariff…
THE TERMS of Brexit have been agreed on at last. At a summit on November 25th Theresa May, Britain’s prime minister, and the leaders of the 27 other members of the European Union announced that they had approved both the withdrawal agreement and a political declaration on the future relationship between the EU and its…
