President Trump's move to impose more tariffs on Chinese products is a "purely defensive" action to prevent China's deliberate takeover of U.S. technology and intellectual property, the White House said Tuesday.
Banking & Finance
The latest coverage of the banking and financial sectors.
By Dan Boylan - The Washington Times
Unstable pricing, the potential for manipulation and their growing drain on the speed of the internet are casting major shadows over the future of digital currencies such as bitcoin, a major new survey by the Bank of International Settlements (BIS) has concluded. Published June 18, 2018
President Trump escalated his trade feud with China on Monday night, threatening to impose tariffs of 10 percent on another $200 billion worth of Chinese goods in retaliation for previous tariffs and Beijing's intellectual-property practices.
Mere hours after the Trump administration announced new tariffs on $50 billion worth of Chinese goods, Beijing hit back, escalating the trade dispute between the world's two largest economies even as the U.S. continues to seek Chinese support in keeping pressure on North Korea.
All of a sudden everyone on the left wants "free markets in energy policy." As someone who's advocated for that for, oh, about three decades (let's start by shutting down the Energy Department), this riff should be music to my ears. But is laissez faire energy policy really what liberals are seeking?
During the post-World War II decades, global leaders and intellectuals were tortured with the prospect of a planet with too many people to feed, but now the industrialized world is challenged by too few babies and graying populations.
The Trump administration announced Friday new tariffs on $50 billion worth of Chinese goods, intensifying a trade dispute while seeking continued Chinese support in keeping pressure on North Korea.
President Trump is ready to slap tariffs on nearly $50 billion in Chinese goods, according to reports, reigniting fears of a trade war between the world's two largest economies.
The White House warned Congress on Wednesday not to overturn President Trump's lenient deal on Chinese telecom firm ZTE, saying it would be a violation of his presidential powers.
The "Cal 3" initiative sponsored by Silicon Valley billionaire Tim Draper qualified Tuesday for the November ballot, securing the necessary 365,880 valid signatures based on the state's final random sample, according to Secretary of State Alex Padilla.
A federal judge on Tuesday approved an $85 billion merger between AT&T and Time Warner, ruling against the Trump administration, which had sought to upend the deal.
President Trump said Tuesday that he has a "good relationship" with Canadian Prime Minister Justin Trudeau, despite calling him weak in a feud over trade barriers last week.
"We Ran Out of Words to Describe How Good the Jobs Numbers Are."
The president's top economic adviser Larry Kudlow has suffered a heart attack, President Trump said.
The Senate appears poised to take the first major step to rein in President Trump's trade policies, after senators struck a deal Monday on a measure that would block his plans for dealing with Chinese telecom firm ZTE.
Federal Communications Commission Chairman Ajit Pai touted a return to past policies Monday morning as net neutrality regulations end.
Nike has canceled an agreement to be the official footwear supplier of the Iranian national soccer team for the 2018 World Cup due to U.S. sanctions against the country.
Louisiana Sen. Bill Cassidy stood with President Trump's hard-line trade policies after Sunday's conclusion of the G-7 summit.
President Trump lashed out at Canadian Prime Minister Justin Trudeau on Twitter Sunday night over their disagreement on trade tariffs.
Since November 2016, the deep state and its media allies have spent considerable time and money cultivating animus toward President Trump and the Republican-led Congress among younger voters.
The left is quickly running out of excuses for why President Trump's economic policies have caused a boom — rather than the bust they predicted with such great certainty.
With self-driving vehicle technology, big bucks are on the line. And in the words of at least one mechanical engineering expert, the rush to produce -- the rush to profit -- is both real and dangerous. Truly, the real winner of this autonomous car race will be the one who forgoes the short-term IPOs for the longer-term of consumer confidence.
Donald Trump confirmed his interest in the bipartisan bill that would legalize marijuana on a federal level.
Donald Trump called out Canada's trade policies towards the United States prior to the start of the G-7 summit on Friday.
China's adeptness at doing business with Iran through state-owned companies not exposed to the American financial systems could make Beijing the big beneficiary of President Trump's move to withdraw from the Iran nuclear deal and reimpose sanctions on foreign companies doing business with Tehran.
The European Union's common currency and lax immigration enforcement have done much to smother prosperity and suppress wages for ordinary workers. As in America, the intelligentsia and governing elite drink the Kool-Aid that the robust growth the West enjoyed from 1870s to 1970s was a historical accident and opposition to illegal immigration is anti-growth and racist.
House Minority Leader Nancy Pelosi told reporters Thursday that consumer confidence, which is at an 18-year high, is a sign that the economy under President Trump is dragging.
The country's largest business lobby pleaded with Congress this week to grant legal status to a million illegal immigrants, saying the job market is so hot that the country couldn't stomach losing them if they are asked to leave.
Sen. Cory Gardner and Sen. Elizabeth Warren crafted a bill to strengthen states' right regarding marijuana legalization, they said in an interview Thursday with "Morning Joe."
Few issues better illuminate the contrasts between the U.S. and Mexico, than do the controversies surrounding the border wall, which President Trump brought to the forefront once again Tuesday when he told rally-goers in Nashville, "I don't want to cause a problem but in the end, Mexico is going to pay for the wall."
Did you recently request an Uber? Order something on Amazon? Purchase a coffee using a credit card?
It's difficult to imagine that the U.S. Government has more money than it has figured out how to spend, but President Trump wants to give back $15.4 billion of such money and Congress is unhappy about it. This money is in appropriated, but unspent, funding from earlier years.
President Trump won't back down from his tough line on trade as he heads for a showdown this week with Canadian Prime Minister Justin Trudeau and other allied leaders at the G-7 summit in Canada, the White House's top economic adviser said Wednesday, even as Congress took a step to tie the president's hands on tariffs.
The Obama administration -- despite repeatedly assuring Congress that Iran would remain barred from the U.S. financial system -- secretly mobilized to give Tehran access to American banks to convert the windfall of cash it received from sanctions relief under the 2015 nuclear deal into dollars, an investigative report by the Senate has revealed.
In the early days of the Internet, Despair.com came up with a popular series of "demotivational posters" that spoofed the motivational posters supposed to inspire office workers throughout the 1990s. (Like the kitten who just needs to "hang in there!")
After weeks of mounting opposition from the provincial government of British Columbia and environmental activists, the Canadian government announced it will purchase Kinder Morgan's embattled Trans Mountain pipeline, taking on its multi-billion dollar expansion project.
Given the choice between a six-figure college degree and a job, people are increasingly taking the job.
Defense Secretary James N. Mattis said Sunday that North Korea will receive relief from sanctions only after taking clear and irreversible steps to end its nuclear program, on the heels of President Trump's announcement that his summit next week with North Korean leader Kim Jong-un is back on.
For all the talk of America's decline, the United States offers the world one product that no country seems able to replicate — universally accepted money. If a multinational needs cash to drill for oil in Nigeria or rich Indians want to import BMWs, the dollar is often the currency contracted for payment.
Those worried that tariffs could backfire by killing U.S. jobs need to remember that nobody has been more effective in building up the poor than President Trump, according to his senior trade adviser Peter Navarro.
Washington's trade war threats to China have only strengthened Beijing's high-tech ambitions, but a culture of bureaucracy could easily smother efforts to become the world's innovation hub, according to a leading China opinion maker.
President Trump on Saturday blasted critics who accused him of starting a trade war, saying the U.S. has been losing the trade war for years.
The conservative fundraising group Americans for Prosperity released an ad Friday backing Sen. Heidi Heitkamp, a Democrat, for supporting the bill rolling back the regulations on community banks.
The White House celebrated another strong jobs report Friday, saying the 18-year-low in the jobless rate is further proof that President Trump's economic policies are working.
Larry Kudlow, the director of the president's National Economic Council, said Friday that the new tariffs were not so much a trade war as a family feud.
President Trump slammed Canada Friday for not treating agricultural companies fairly.
President Trump's second year in office isn't going so well on a number of strategic fronts.
President Donald Trump's administration is planning to impose tariffs on European steel and aluminum imports after failing to win concessions from the European Union, a move that could provoke retaliatory tariffs and inflame trans-Atlantic trade tensions.
Social Security just can't stop paying dead people. The massive public pensions system will pay millions this year to people it knows are dead -- in many cases, it even has death certificate numbers listed -- but officials can't seem to figure out how to stop outgoing benefit checks, according to a new inspector general's audit announced Wednesday.
On Thursday, President Trump signed the Economic Growth, Regulatory Relief, and Consumer Protection Act — the first significant financial regulatory reform bill to become law since the crisis-era Dodd-Frank Act. Although some may claim this represents an undoing of Dodd-Frank, what the president enacted is far from the anticipated overhaul. Instead, the changes primarily give community banks relief from regulations — which makes sense since they weren't the drivers of the financial crisis and are crucial for economic growth.
There has been a lot of misinformation about both getting out of the so-called Iran deal and getting into a new North Korean agreement. The two situations may be connected, but not in the way we are usually told.
President Trump reaffirmed Wednesday that he sees progress in trade negotiations with China but again raised doubts about nailing down a final deal.
Despite liberal hysterics, Republicans' recent tax cut raised top earners' share of America's tax burden. This seemingly "squared circle" is simply due to a fact true before the legislation and even truer after: Middle- and upper-income earners shoulder the overwhelming tax load. Equally obvious: Even so large a share is not enough for an insatiable left.
Freedom of the seas is critical to America's economic and political security, enabling the transportation of goods manufactured in the United States to other places around the world, and enabling Americans to obtain things otherwise unobtainable here, like bananas every day of every year. What would life be without the freedom to enjoy an occasional banana split?
Recent Opinion Columns
President Trump is delivering a powerful message to global elites like the World Economic Forum. America First is about unmasking the cynical con the most privileged have played on ordinary working folk.
From The Vault
The White House said Tuesday night that President Trump will sign into law a sweeping overhaul of bank regulations "as soon as possible" to help boost the economy by spurring more lending from community banks to small businesses.
The Supreme Court decided in favor of employers Monday, ruling that they can enforce arbitration clauses in contracts and head off employees' attempts at class-action lawsuits.
A majority of Americans give President Trump credit for the strong economy, according a new poll published on Sunday.
Sen. John Barrasso credited President Trump and Republicans on Tuesday for changing policies to get the economy moving.
The federal government took in a record tax haul in April en route to its biggest-ever monthly budget surplus, the Congressional Budget Office said, as a surging economy left Americans with more money in their paychecks -- and this more to pay to Uncle Sam.
The Senate on Thursday approved former CIA Director Mike Pompeo to be the nation's next secretary of state, overcoming heavy resistance once again from Democrats to a top Trump nominee.
President Trump confirmed Thursday that Larry Kudlow will be his new economic adviser.
U.S. employers went on a hiring binge in February, adding 313,000 jobs, the most in any month since July 2016, and drawing hundreds of thousands of people into the job market.
In "Hamlet," Shakespeare pens one of the most familiar lines — and best advice — ever written. Before Laertes leaves for Paris, his father, Polonius, tells him: "Neither a borrower nor a lender be "
The federal government will run a $5 trillion deficit three decades from now, the Congressional Budget Office predicted Thursday, saying nearly 30 percent of the country's economy will be consumed by Washington's spending.
Leading Wall Street regulator Ben Lawsky, who heads up the New York Department of Financial Services, warned that the United States should be preparing for a massive cyberattack on banks -- that it's inevitable, and looming.