Investing and Global Finance News

New Travel Ban Expected to Curtail Flow of Refugees Once Again

Since President Trump issued his first executive order banning refugees from certain countries from entering the United States, there has continued to be a flow of people into the country, since the ban was cancelled a federal judge. Nearly 2,500 refugees have entered the United States from banned countries since the day of the executive… Continue Reading

Data Points to Strengthening Economy

The Commerce Department reported factory goods orders up by 1.2 percent in January. That increase followed a similar increase of 1.3 percent in December. The two data points signal that the recovery in the manufacturing sector is accelerating due to the rise in prices for commodities fuel a greater demand for machinery. Factory orders are… Continue Reading

Treasury Secretary Says No Cuts to Entitlements in Trump’s New Budget

Treasury Secretary Steven Mnuchin explained on the Fox News program “Sunday Morning Futures” that President Donald Trump’s first budget proposal will refrain from any cuts to government entitlement programs. He also said that Trump’s scheduled address to the joint session of Congress this coming Tuesday will announce the new administration’s far-reaching plans to cut taxes… Continue Reading

Inventories, Sales Up in December

The Department of Commerce reported that US business inventories were up better than expected in December, while sales rose by their biggest percentage since 2011. The announcement said that inventories went up by 0.4 percent, while November’s figure had to be re-stated as 0.8 percent in place of the previously announced 0.7 percent. Business inventories… Continue Reading

US Government Stimulating Nigerian Power Sector with $1 Billion

The United States government is investing about $1 billion in the power sector of Nigeria, said the coordinator of the program to light up Africa, Andrew Herscowitz. The plan, known as Power Africa, was announced at a media conference in Abuja, Nigeria last week. Herscowitz added that the US government has already committed several billion… Continue Reading

AirAsia X Awarded License to Fly to USA

The Federal Aviation Administration awarded AirAsia X, the Malaysia-based budget airline, a license to fly to the United States. It is the first such airline to achieve this status. AirAsia X CEO Datuk Kamarudin Meranum said, ““It is an extraordinary achievement. Our expansion so far only focused on Asia, Australia and the Middle East. We… Continue Reading

Where They are Today: Maxwell School Alumni

It’s always interesting to see where the movers and shakers today got their education. There are many fine institutions that are teaching students about public policy, public affairs and international relations. One such school, The Maxwell School of Citizenship and Public Affairs at Syracuse University, has an extensive alumni directory where they are continually updating… Continue Reading

Optimism Index Has Most Growth in 36 Years

December was a great month of optimism among America’s small businesses as it soared its greatest amount since 1980. The presidential election is partly responsible for the surge, according to observers. Washington-based National Federation of Independent Business’s index climbed by 7.4 points in December, arriving at its highest since 2004, at 105.8. Seven of its… Continue Reading