Renewed optimism for Trump pushes Dow to new record, best week since 2011
NEW YORK, Nov. 11 (UPI) -- Wall Street continued its record Donald Trump-inspired turnaround on Friday by posting yet another all-time high for the Dow Jones Industrial Average. The index climbed another 40 points by the end of trading Friday to finish at 18,847.66 -- its highest finish in history, and just 152 points away from the 19,000-mark. In addition to posting a new record high, the Dow also wrapped its best week since December 2011 -- a gain of more than 5 percent since the opening bell..>> view originalIndia's Largest Bank Gets $7 Billion in Deposits as ATMs Run Dry
Indians rushed to deposit 478.68 billion rupees ($7.1 billion) of cash at State Bank of India after the government’s surprise move to abolish high-denomination banknotes, as customers queued for hours to deposit or exchange the old bills and ATMs ran dry.With the banned bills accounting for 86 percent of money out of circulation, there is tremendous pressure on India’s banking system to replenish the cash. There’s adequate money in the currency chests at more than 4,000 locations and re-configu..>> view originalLego Won't Advertise in Britain's Daily Mail Anymore
COPENHAGEN, Denmark รข€” The Danish toy company Lego said Saturday it won't advertise anymore in Britain's Daily Mail, one of several British newspapers targeted by a social media campaign for their anti-immigrant stances.The maker of multi-colored Lego building bricks tweeted Saturday "@StopFundingHate We have finished the agreement with the Daily Mail."Roar Rude Trangbaek, a spokesman for the privately-held company, told The Associated Press that Lego has "no plans to make additional marketin..>> view originalTrump hammered the Federal Reserve as a candidate. As president, he could quickly reshape it
Donald Trump leveled unprecedented criticism at the Federal Reserve during the campaign. As president, he could get to quickly reshape it — and the economic conditions that central bank policymakers will be facing.Trump will have the opportunity to appoint as many as five new members to the seven-person Fed Board of Governors during his first year and a half in office. That includes a new chairperson to replace Janet L. Yellen, whose term expires in early 2018. While that creates great uncerta..>> view originalDonald Trump is about to face a rude awakening over Obamacare
. EPA/MICHAEL REYNOLDS After reiterating his promise to repeal and replace Obamacare, Donald Trump has indicated he may keep two of the law’s most popular provisions. One is straightforward enough — children up to the age of 26 being allowed to stay on their parents’ plan. The other — preventing insurance companies from denying covering because of pre-existing conditions — offers a perfect illustration of why Trump and most of the other Republicans critics of Obamacare don’t understand the ..>> view originalWhen Facebook's online ad targeting becomes blatant discrimination
Online advertising's been built around the ability to know exactly who you are. Are you a guitar-playing, cat-owning botanist? You'll get served ads for guitar-shaped catnip hedge grow kits. Google, Twitter, and all other digital platforms where an advertisement can be served—with Facebook leading the charge—want to know everything about you, usually already do, and use that information to convince marketers that the ads you'll see are perfectly targeted to whoever you are (or aren't). That's a..>> view originalFull Repeal of Dodd-Frank Isn't Main Focus of Trump Transition
WASHINGTON—President-elect Donald Trump vowed anew on Friday to dismantle the 2010 Dodd-Frank financial overhaul, at the same time his transition team is tempering expectations for a full repeal of the sweeping law, people familiar with the matter said. Instead, Mr. Trump’s team is focused on rescinding or scaling back the individual provisions Republicans find most objectionable, such as the Financial Stability Oversight Council’s...>> view originalOne of Trump's big promises for his first day in office already seems out-of-date
A clerk counts Chinese yuan, or renminbi, bills at a post office in Taipei. (David Chang/European Pressphoto Agency) One of the first things that President-elect Donald Trump has said he plans to do in office is label China a currency manipulator. But to many economists, that charge is aimed at a world that has come and gone. Throughout the campaign, Trump criticized China for intentionally holding down the value of its currency to make its exports cheaper abroad. In an interview, Trump econ..>> view originalComputer Outage Briefly Grounds Flights On Several Airlines
Follow CBSDFW.COM: Facebook | Twitter DALLAS (AP) — Travelers on several airlines had trouble checking in for flights and waited out delays Friday after a computer outage at a company that runs airline technology systems. American Airlines, Southwest Airlines, JetBlue Airways, Alaska Airlines and Virgin America confirmed that a technology glitch briefly interrupted their operations. The problems seemed to have been fixed by midday, and airlines reported that flights had resumed. The airlines bl..>> view original
Sunday, November 27, 2016
Renewed optimism for Trump pushes Dow to new record, best week since 2011 and other top stories.
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