Former Fed Chair Paul Volcker takes Trump to task on taxes, trade

“We have not been on a constructive track,â€� Volcker told Bridgewater co-chief investment officer Ray Dalio, in a podcast video released on Tuesday. “I think that’s fair to say.â€� Volcker, widely credited with ending the high levels of inflation seen in the United States during the 1970s and early 1980s, said Trump’s big tax cuts and spending increases underscore the lack of transparency of the president’s administration. Whatever you think about that tax bill, it shouldn’t have been rammed through Congress without any debates at midnight on Dec. 31,â€� Volcker said.

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Former Fed Chair Paul Volcker takes Trump to task on taxes, trade

The Global Iron Ore Crisis: What's Next in Four Charts

Since the initial incident in Brazil in late January, the top producer has announced supply cuts of as much as 70 million tons, although it’s said it will try to offset some lost production. The mainland has a very substantial ore-mining industry, but production has been hurt in recent years as the content is lower-grade and higher-cost than foreign supplies, and Chinese producers have been the target of a strict environmental clampdown.

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The Global Iron Ore Crisis: What's Next in Four Charts

U.S. tech leaders sound alarm over Trump immigration ban

The U.S. technology industry, a major employer of foreign workers, hit back on Saturday at President Donald Trump's sudden executive order on immigration, with some leaders calling it immoral and un-American. Trump's order temporarily bars citizens of seven majority-Muslim countries from entering the United States even if they hold valid visas or permanent residence permits, a move that caught many companies off-guard. Apple Inc CEO Tim Cook sent a letter to employees saying Trump's order was “not a policy we support” and promised to help affected employees.

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U.S. tech leaders sound alarm over Trump immigration ban

German‎ watchdog suspected VW scam on CO2 emissions: report

Germany's motor industry watchdog raised suspicions Volkswagen was using prototype vehicles to lower carbon dioxide (CO2) emissions in tests in 2015 soon after VW's manipulation of diesel emissions tests was uncovered, the Berliner Zeitung newspaper reported on Saturday. It quoted the Federal Motor Transport Authority (KBA) as telling VW in a November 2015 email it would choose test models randomly and appoint new external experts to carry out testing because of doubts about the independence of the company's CO2 testing regime. “VW has to give a declaration that they (vehicles submitted to tests) comply with standards for serial production models and were not subject to change in any way,” the newspaper quoted the KBA's email as saying.

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German‎ watchdog suspected VW scam on CO2 emissions: report

Boeing machinists in South Carolina to vote in February on unionizing

Boeing Co and its largest union said on Friday they had agreed on a February date for a union vote at Boeing's jetliner factory in South Carolina, setting up what is likely to be a fresh battle between the union and the world's biggest plane maker. International Association of Machinist and Aerospace Workers spokesman Mike Evans said in a statement that about 2,850 workers at the factory that builds 787 Dreamliners would be eligible to vote on union representation in the Feb. 15 ballot. South Carolina is a state where employees are not required to join unions or pay dues.

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Boeing machinists in South Carolina to vote in February on unionizing

Tycoon Slim says Trump not ‘Terminator,’ sees opportunities for Mexico

By Christine Murray MEXICO CITY (Reuters) – Billionaire Carlos Slim said on Friday that Mexico should not fear Donald Trump, seeing opportunities for his country in the U.S. president's economic policies, and praising Mexicans for uniting behind their government in talks with the northern neighbor. In a rare news conference, the telecommunications and construction mogul called Trump a negotiator, “not Terminator” and said his repeated attacks on Mexico had united the country, giving President Enrique Pena Nieto “strength” in trade and border security talks. “We have to back the president of Mexico so he defends our national interests.” Slim spoke to reporters after Pena Nieto on Thursday canceled a planned Washington summit with Trump following a tweet by the American that he should stay away unless Mexico agreed to pay for a border wall.

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Tycoon Slim says Trump not ‘Terminator,’ sees opportunities for Mexico

Buffett, Gates have hope for America after Trump ascension

Bill Gates and Warren Buffett on Friday expressed optimism that the United States will move ahead as a nation, even as it works through political differences and gets used to the new Trump administration. The world's two richest people were speaking to students at Columbia University after U.S. President Donald Trump started to unwind the work of his predecessor Barack Obama in a series of executive orders, prompting concern from critics over what the actions mean for Americans and their place in the world. “I am confident that America will move ahead,” Buffett said.

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Buffett, Gates have hope for America after Trump ascension

Dow Chemical profit beats estimates as consumer focus pays off

Excluding the Dow Corning transaction, Dow's sales rose 2.5 percent to $11.75 billion in the fourth quarter ended Dec. 31, with sales increasing in four of its five businesses. “We are seeing early signs of positive economic momentum, with the United States in expansionary mode, driven by the ongoing strength of the consumer and the tailwind of a new incoming administration promising structural reforms,” Chief Executive Andrew Liveris said in a statement. Liveris was appointed by U.S. President Donald Trump to lead a private-sector group on manufacturing that will advise the U.S. secretary of commerce.

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Dow Chemical profit beats estimates as consumer focus pays off

Oil eases after two-day gain, rising U.S. production weighs

Oil ticked lower on Monday, falling for the first time in three sessions as prospects of rising U.S. production weighed on the market. U.S. energy companies last week added the most rigs drilling for new production in almost four years. U.S. oil production has risen more than 6 percent since mid-2016, although it remains 7 percent below a historic high in 2015.

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Oil eases after two-day gain, rising U.S. production weighs

Foxconn CEO says investment for display plant in U.S. would exceed $7 billion

Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. The plans come after U.S. President Donald Trump pledged to put “America First” in his inauguration speech on Friday, prompting Gou to warn about the rise of protectionism and a trend for politics to underpin economic development. Foxconn's proposal to build a display plant, which would be planned with its Sharp Corp unit, depend on many factors, such as investment conditions, that would have to be negotiated at the U.S. state and federal levels, Gou told reporters on the sidelines of a company event.

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Foxconn CEO says investment for display plant in U.S. would exceed $7 billion