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Federal Reserve Chair Jerome Powell. Chip Somodevilla/Getty The Federal Reserve should consider a 150-basis-point rate hike, a Wells Fargo strategist said. "Why not just rip off the Band-Aid — let's get there in one day," Michael Schumacher told CNBC. Most economists expect the Fed to raise interest rates 75 basis points after the conclusion of […]
CNN Former CIA analyst Philip Mudd got into a heated argument with Republican strategist Paris Dennard on Friday after Dennard suggested Mudd made “more money” from consulting firms because of his security clearance. “Twenty-five years in the service and this is the s–t I get? Get out,” Mudd said. The debate comes amid President Donald […]
AP/Eugene Hoshiko China runs the largest merchandise trade surplus with the US at $ 375 billion. But some analysts think the data can be misleading. The US-China trade deficit could be overstated by as much as 20%, one analyst said. China is the world’s largest trader and is part of almost every supply and value […]
The Bottom Line Richard Turnill, BlackRock’s chief investment strategist, notes that a measure of geopolitical risk has spiked to the highest since March 2015. Out of all geopolitical risks, Turnill is most worried about President Donald Trump’s trade policy, which he says could disrupt global markets. As stocks continue their relentless pursuit of new record […]
James D. Morgan/Getty Images for P&O Cruises Australia Earlier this year we had Martin Whetton, Senior Rates Strategist at ANZ Bank, appear on our Devils and Details podcast to talk all things interest rates. It was undoubtedly one of our best shows of the year, thanks to the vast knowledge and experience he was able […]
Bloomberg TV Amazon’s blockbuster acquisition of Whole Foods was a $ 13.7 billion surprise. While research analysts across Wall Street quickly weighed in with takes on possible rationales and corporate synergies, there’s no denying the market found itself upended, at least temporarily. Investors quickly piled into shares of both the target and acquirer while hitting […]
Donald Trump’s longtime enemy and a target of his in the 2016 presidential debates, Rosie O’Donnell, just announced via Twitter that she is available to play the role of mysterious and highly controversial Trump strategist Steve Bannon on “Saturday Night Live.” People on social media suggested O’Donnell for the role, and she responded enthusiastically. Tweet Embed:https://twitter.com/mims/statuses/828817401718439939#BannoninChief https://t.co/UVkK2D6byX Tweet […]
Bloomberg screengrab Viktor Shvets is Macquarie’s head of global equity strategy and Asia-Pacific equity strategy. We recently spoke with him about who, if anyone, can threaten the United States’ status as the global economic superpower. This is part three of a series. Part one was a discussion on the populism that’s sweeping the globe and the […]
Steve Bannon, Donald Trump’s chief strategist — and former Breitbart senior editor — has an abrasive quote for the media, and he isn’t mincing his words: Shut up! Bannon, who has been criticized for his views on the far-right website before joining Trump’s Administration, criticized the media during a New York Times interview. Steve Bannon, […]
