Japan policymakers reject Trump devaluation claims
TOKYO Japanese policymakers hit back at U.S. President Donald Trump's accusation of currency manipulation on Wednesday, stressing that Tokyo was abiding by a Group of 20 agreement to refrain from competitive currency devaluation.The dollar was on the defensive after Trump and trade adviser Peter Navarro criticized China, Germany and Japan, saying they were devaluing their currencies to the disadvantage of the United States.Senior Japanese government officials, worried about the pain a rise in ..>> view originalUnder Armour Admits It's Still Not Cool Enough
Fashion Under Armour Admits It’s Still Not Cool Enough “We need to become more fashion,” its CEO told analysts. by January 31, 2017, 2:04 PM EST At its first fashion show last fall, Under Armour models in fleece sweatshirts and neoprene wedges strode down a concrete runway as deep bass thundered in the background. It was an odd look for the label—still far more athletic performance brand than luxe fashion house—but it was also a conscious effort, an executive said at the show, to court..>> view originalExxon Mobil profit and revenue rise as the oil giant takes $2 billion impairment
"The market did view the result negatively because they missed the headline number, but that's really only because of ... impairments for Exxon, which are non-recurring. And so the clean results were actually similar to consensus, but they were just messy," he told CNBC's "Fast Money: Halftime Report." Excluding that charge, Exxon reported fourth-quarter earnings of $3.7 billion, or 90 cents a share. In the period a year ago, it reported earnings of $2.8 billion, or 67 cents a share. Re..>> view originalAfter $24 Million Anti-Trump Windfall, ACLU Heads To Silicon Valley For Startup Lessons
Y Combinator president Sam Altman. (Photo by Steve Jennings/Getty Images) Attendees for Y Combinator's annual Demo Day this spring will find an unusual sight in the mostly young, tech-centric crowd: the head of the American Civil Liberties Union, making his pitch for why Silicon Valley should invest in defending constitutional rights. The ACLU has been accepted by the prominent startup accelerator as part of its current batch of companies, receiving funding and mentoring as part of the arrang..>> view originalArmy Corps ordered to approve final step to finish Dakota Access Pipeline
Photos: North Dakota pipeline protests Photos: North Dakota pipeline protests Photos: North Dakota pipeline protestsAn activist rides down from a ridge on the edge of the Standing Rock Sioux Reservation on December 4. Photos: North Dakota pipeline protestsActivists celebrate at Oceti Sakowin Camp on December 4. Photos: North Dakota pipeline protestsDan Nanamkin of the Colville Nez Perce tribe drums a traditional song by the Cannonball River in Cannon Ball, North Dakota, on Thursday, December 1...>> view originalFed's message on portfolio trimming: prepare, don't fret
By Ann Saphir and Richard Leong | SAN FRANCISCO/NEW YORK SAN FRANCISCO/NEW YORK Federal Reserve policymakers are putting markets on notice that the central bank's $4.5 trillion balance sheet is back on the agenda in an apparent effort to give investors time to prepare for changes rather than to signal any action is imminent. Policymakers want to minimize any volatility that slimming the Fed's massive balance sheet might cause, and have said they will only do so after interest rate increas..>> view originalTrans-Atlantic Mood Sours as Merkel Refutes Trump on Euro
Chancellor Angela Merkel rejected an accusation by President Donald Trump’s top trade adviser that Germany is gaming foreign-exchange markets as European leaders grapple with the new U.S. administration.Peter Navarro, the head of the White House National Trade Council, told the Financial Times that Germany’s excessive surplus is a sign of a “grossly undervalued” currency. Merkel pushed back, saying the exchange rate was the province of the European Central Bank and that the German government ha..>> view originalTrump cancels Harley-Davidson factory visit over planned protests: report
Trump pledges to work with Big Pharma to lower drug prices
In a "pharma" meeting in the Oval Office, the President told executives from companies such as Merck & Co. and Johnson & Johnson that they have done a "terrific job over the years" but that prices for drugs must come down."So you have to get your companies back here. We have to make products ... We have to get rid of a tremendous number of regulations," Trump said. "I know you have some problems where you cannot even think about opening up new plants. You can't get approval for the plant and the..>> view originalDecision Day Guide: Fed to Hold Rates Steady to Reassess Outlook
Federal Reserve officials convene this week amid expectations that they will take a break after their December interest-rate hike to assess whether the economy is shifting out of its low-inflation, 2 percent growth mode into a higher gear.Following the election of President Donald Trump, both household and business sentiment indicators have jumped. U.S. central bankers are watching closely to see if the rising confidence is being met with action in the form of stronger investment spending, cont..>> view original
Wednesday, February 15, 2017
Japan policymakers reject Trump devaluation claims and other top stories.
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