WASHINGTON — U.S. consumer sentiment eased off a 13-year high in early February likely as some of the jubilation over Donald Trump's election victory ebbed, but it remained strong enough to suggest that consumers will continue to drive the economy. Confidence surged in the wake of Trump's victory last November. The jump in sentiment tracked a stock market rally as both consumers and investors focused on the business mogul-turned politician's promises to cut taxes and reduce regulations.
WASHINGTON — The Federal Reserve Board's top bank regulator said on Friday he would resign, giving a boost to President Donald Trump's plans to ease reforms put in place after the 2007-09 financial crisis. Daniel Tarullo, a strong regulator who was dovish on monetary policy in his seven years on the board, said in his resignation letter to Trump he would leave the U.S. central bank on or around April 5. With his resignation, Trump will have three positions to fill on the Fed's Board of Governors, which at full strength has seven members.
Highlights of the day for U.S. President Donald Trump's administration on Friday: JAPAN Trump and Prime Minister Shinzo Abe open two days of talks looking to cement a strained decades-old U.S.-Japan alliance, touching on North Korea, autos, trains and trade. CHINA Trump changes tack and agrees to honor the "one China" policy during a phone call with Chinese leader Xi Jinping in a major diplomatic boost for Beijing which brooks no criticism of its claim to self-ruled Taiwan.
Feb 10 - U.S. hunting and fishing chain Gander Mountain Co is preparing to file for bankruptcy as early as this month, after an aggressive effort to expand its store base failed to pull in new customers, according to people familiar with the matter. Gander Mountain is working with financial advisory firm Lighthouse Management Group Inc and law firm Fredrikson & Byron PA as it gets ready to file for bankruptcy, the people said this week.
A 30-foot hole has appeared in a section of the tallest dam in the United States that is expected to worsen, but there was no immediate threat it will fail, endangering thousands of area residents, California state officials said on Friday. State authorities and engineers on Thursday, Feb.
WASHINGTON -- Senior White House adviser Kellyanne Conway drew sharp criticism from a top Republican lawmaker and complaints on Thursday, Feb. 9, over the ethics of using her position to promote product lines of President Donald Trump's daughter Ivanka, a day after he attacked a retailer for dropping them. Federal ethics rules prohibit executive branch employees from using their positions to endorse products or for the private gain of friends. The law does not apply to the president.
Facebook said it would provide information about ads displayed on its platform for an audit, months after the social network admitted to overstating key ad metrics. The audit by media regulator Media Rating Council (MRC) will likely provide more clarity to advertisers. Facebook said in September that a metric for average user time on videos was artificially inflated as it only counted videos viewed for over three seconds.
SAN FRANCISCO — A U.S. federal appeals court on Thursday unanimously upheld a suspension of President Donald Trump's order that restricted travel from seven Muslim-majority countries. The 9th U.S. Circuit Court of Appeals ruling came in a challenge to Trump's order filed by the states of Washington and Minnesota. The U.S. Supreme Court will likely determine the case's final outcome.
Jason Day ground out a two-under-par 69 to sit two strokes off the lead on Thursday when the opening round of the weather-hit Pebble Beach National Pro-Am was suspended for the day with only half the field back in the clubhouse. Australian Day had to contend with driving wind and rain over his last four holes before organizers halted play at 1:34 p.m. PST (2134 GMT) due to unplayable conditions on the Monterey Peninsula in California.
Former world No. 1 Tiger Woods has accepted that he will "never feel great" again after suffering a number of back and knee injuries in recent years. The 14-times major champion returned to action in December following a 15-month layoff but was forced to pull out of the Dubai Desert Classic last week after the first round due to a back spasm. "There were a lot of times I didn't think I was going to make it back. It was tough, it was more than brutal," Woods told Dubai magazine Vision.