“Dead on arrival”: The three words from Capitol Hill that greet almost every presidential budget. Even when dealing with a president of their own party, lawmakers are loath to relinquish the purse strings. They have the final say on all federal spending and financial priorities.
President Trump’s first full budget, unveiled this week, was received the same. Democrats tore into the document, as expected. But even key Republicans in both chambers welcomed the president’s input like a hiring manager accepts unsolicited resumes.
Continue reading “Trump Budget Poses Big Challenge to Republicans”
I recently teamed up with my colleague Jeff Kosnett to discuss developments in the energy sector, and how they translate into opportunities for investors. Below is a summary of our discussion. At the end of this article is a link to a recording of the conversation, which is free to Kiplinger Alerts subscribers.
Where are oil prices headed?
Markets have been volatile over the last few decades, which is a scary prospect for investors. Continue reading “Big Picture Trends for the Energy Industry and How Investors Can Profit”
Mixed reactions greeted President Hassan Rouhani’s landslide reelection victory in Iran over the weekend. Rouhani, a political moderate (at least by Iranian standards) who negotiated a landmark nuclear deal with the United States and other world powers during his first term, was the favorite candidate of both young Iranians hoping for change and international investors looking for stability.
He is expected keep Tehran on the path to more transparency and engagement with the world. Even though the president is largely subordinate to the supreme leader in Iran’s unique political system – meaning the government’s aggressive foreign policy and repressive domestic one are unlikely to change anytime soon – he still wields some influence over the direction the country takes. Continue reading “U.S.-Iranian Tensions Cloud Victory for Moderates in Tehran”
Chances are good the government will expand the ban on bringing electronic gadgets into the cabin on trans-Atlantic flights.
Although a decision is still being mulled by the Homeland Security Department, most aviation experts expect DHS to act sooner rather than later. The anticipated expansion would extend to all U.S.-bound flights originating from some European cities. It started in March and only covers foreign carrier flights beginning in 10 Mid-Eastern and African airports. Passengers boarding in those cities much check devices bigger than a smartphone, including laptops, tablets, e-readers, cameras, portable DVD players, electronic games, printers and scanners. Continue reading “What Does the Expanded Laptop Ban Mean for Business Travel?”
Washington today feels like London during the blitz: Every day brings a new bombshell about President Donald Trump’s apparent efforts to derail an FBI investigation into his campaign’s alleged Russian ties.
The latest: A special counsel. The Justice Department Wednesday appointed former FBI Director Robert Mueller to oversee the bureau’s probe following Trump’s decision to fire Director James Comey earlier this month. Continue reading “What Does Special Counsel Mean for Trump’s Political Fortunes?”
The latest global cyberattack is a harbinger of worse cyber strikes to come. The May 12 attack crippled businesses and governments around the globe, disrupting operations at English hospitals, FedEx, Telefonica and thousands of other organizations. Hackers infiltrated Microsoft Windows computers and held files hostage until a ransom was paid. Their way in? A security flaw buried in machines that lacked the most recent software version. The attack reportedly infected more than 200,000 computers in 150 countries before it was halted.
Cybercriminals are poised to probe other weak spots in the coming months. Criminals and hostile nations have identified security vulnerabilities from data breaches and leaks at U.S. intelligence agencies, including the National Security Agency and CIA. Intelligence agencies stockpile flawed code for their own digital intel efforts, and often don’t share the potential security problems with technology vendors. Security experts warn that this practice is dangerous. If hackers get their hands on the flawed code, they can hijack the info for their own cyber strikes. Continue reading “Brace for More Destructive Cyberattacks”
In case you missed yesterday’s webinar on investing in the energy industry, you can now play the recorded program at your convenience. Continue reading “Your Complimentary Webinar”
The retail industry as we know it is facing an upheaval of its traditional business practices. As online shopping and consumer tech grow in popularity and usability, traditional retail is rapidly losing business to e-commerce giants and “deep value” retailers that keep costs down.
The result? Big-name retailers closing stores and getting stuck with more square footage than they know what to do with. It’s adversely affected the economy too, forcing some chains to file for bankruptcy and lay off thousands of employees. Payless ShoeSource, hhgregg and American Apparel, to name a few, are no more, while Macy’s, JCPenney, and Kmart are shuttering stores.
So, what’s a retailer to do? Continue reading “How Retailers Can Cope With Fierce Online Competition”
The way you swipe and press your smartphone will soon add an extra layer of security. Tech companies are building artificial intelligence software that siphons up data on the unique way you fiddle with your sensor-packed smartphone. The systems are fine-tuned enough to detect how you might favor an old wrist injury, stumble over a certain word while typing or press on the screen while using a certain app. The personal profiles that are churned out are highly accurate for identifying the correct user. The underlying technology stems from a Department of Defense research project. Continue reading “How an Emerging Type of Biometrics Will Thwart Financial Crooks”
President Trump blindsided Washington once again this week, this time with his shock firing of FBI Director James Comey. On Capitol Hill, the move infuriated Democrats and frustrated Republicans, who are growing weary of being left in the dark by a White House often disconnected from, and sometimes disdainful of, the legislative branch.
The Comey sideshow is poised to further slow a Congress already gridlocked by partisan rancor. And as it faces a full plate of major agenda items—such as a health-care overhaul, tax reform, appropriations bills and a looming debt ceiling—Republicans can ill afford another distraction.
Continue reading “Surprise Comey Firing Roils Capitol Hill”