President Trump staged another tweet attack on an American corporation on Wednesday, this time raking Nordstrom Inc. for the supposed crime of dropping his daughter Ivanka’s fashion line. At about 10:51 a.m. New York time, Trump tweeted, “My daughter Ivanka has been treated so unfairly by @Nordstrom. She is a great person — always pushing me […]
Category: Market
Boycotts Are Hurting The Trump’s Retail Businesses
At a time when social movements can begin online, brands face more pressure than ever to respond to consumer demands. Organizing a protest or calling for a boycott has never been easier. Chris Allieri, a marketing consultant with Mulberry & Astor, said, “Before he became president, I think that a lot of consumers were indifferent […]
Trump To Erase Post-2008 Bank Regulations
The president had praise for Jamie Dimon, whose bank, JPMorgan Chase, was often a target of regulatory actions by the Obama administration. The meeting underscored the degree to which the architects of Mr. Trump’s economic strategy are now some of the very people he lambasted in his campaign, which ended with a commercial that described […]
Stock Market Hurt By Immigration Ban
The messy and contentious rollout of the executive order blocking entrance for refugees and travelers from seven majority-Muslim nations has dented the stock market surge enjoyed by President Trump since his election. Ever since winning the White House in early November, Trump has ridden a wave of stock market success as investors prepared for the […]
Trump Slashes Regulations On Businesses With Executive Order
President Trump signs an executive action in the Oval Office of the White House on Monday in Washington, D.C., saying he will “dramatically” reduce small business regulations overall. President Trump signed another executive order Monday morning, fulfilling another campaign pledge, this one to eliminate two federal regulations for every new regulation enacted. Trump signed the […]
Stock Market Is Soaring
Stock markets have been on the rise since Donald Trump’s electoral victory in November, but many Wall Street experts say the president-elect can’t take all the credit. While it’s true that expectations for many of his proposed policies have accelerated the markets’ tear, the economy was in good shape way before the election, and it’s up for […]
General Motors To Invest $1B In American Factories And Job
DETROIT – General Motors will announce a $1 billion investment in its factories that will create or keep around 1,000 jobs, a person briefed on the matter said Monday. The Detroit automaker will make the announcement Tuesday morning. The investment is part of the normal process of equipping factories to build new models, and it’s […]
German Automakers At Odds With Trump
It’s Germany’s turn to feel the heat after President-elect Donald Trump turned his ire on the country’s automakers, its supposed dominance of the European Union, and the failings of Chancellor Angela Merkel’s refugee policy. In a weekend interview given jointly to Germany’s biggest tabloid, Bild-Zeitung, and (somewhat incongruously), the august Times of London, Trump repeated […]
Investors Betting On Post Inauguration Downturn
If options traders are correct, stocks are in for a wild ride in February. Demand for one-month call options tied to the CBOE Volatility Index, a popular gauge of stock-market volatility, has spiked in the past week, a sign that some are bracing for a sharp downturn following the inauguration of President-elect Donald Trump. In […]
Mexico Wants To Re-Negotiate Nafta With Trump As Soon As Possible
MEXICO CITY – Mexico’s new foreign relations secretary says the country isn’t only willing to negotiate changes to the North American Free Trade Agreement, it wants negotiations as soon as possible. Luis Videgaray says there’s “enormous uncertainty” following the U.S. election of Donald Trump as president. Trump has pressured companies not to move jobs to […]
Sears On Brink Of Bankruptcy
Business Insider spoke with more than a dozen employees, ranging from store clerks to senior executives, about the unraveling of Sears. Many spoke on the condition that they not be identified for fear of legal retribution from Lampert and Sears, including one person who specified that she would only speak off the record upon the […]
68 Macy stores closing, 10k jobs to be cut
The announcement was issued alongside an unfavorable earnings report, showing comparable store sales dipped 2.1% last quarter. The news caused its stock to plunge nearly 10% during after-hours trading Wednesday. Macy’s (M) said it expects to layoff about 3,900 workers as a result of the upcoming store closures, and another 6,200 jobs will be cut […]