Corporate profits are going to get ‘better and better,’ Credit Suisse’s Jonathan Golub predicts as earnings season begins

Credit Suisse’s Jonathan Golub is painting a more bullish picture for corporate America with earnings season officially underway.  “It’s going to get better and better as we progress throughout 2021 for their profits,” the firm’s chief U.S. equity strategist told CNBC’s “Trading Nation” recently. JPMorgan Chase, Citigroup and Wells Fargo kicked off the season on … Read more

Biden plans immediate executive action to roll back Trump era after inauguration speech

President-elect Joe Biden plans to take immediate executive action to turn the page on the Trump era after his inauguration speech this week, chief of staff Ron Klain said Sunday after laying out Biden’s plan for his first days office. Biden is planning a 10-day blitz of executive action on what his administration is calling … Read more

House probes security and intelligence failures in U.S. Capitol attack

House Intelligence Committee Chairman Adam Schiff (D-CA) speaks to reporters next to U.S. House Majority Leader Steny Hoyer (D-MD) as House Democrats respond to a White House briefing on reports Russia paid the Taliban bounties to kill U.S. troops during a news conference following the briefing at the U.S. Capitol in Washington, U.S., June 30, … Read more

US imposes fresh sanctions on Iran in final days of Trump presidency

Iranian flags seen on the streets of Tehran. Fatemeh Bahrami | Anadolu Agency | Getty Images The United States on Friday imposed sanctions on companies in Iran, China and the United Arab Emirates for doing business with the Islamic Republic of Iran Shipping Lines and on three Iranian entities over conventional arms proliferation. They are … Read more

View: Emphasising common interests and understanding differences are key to cementing US-India ties

When you step back and look at where the United States and India were 20 years ago and where we are today, the amount of progress and achievement is truly remarkable. I do not think that anyone would have predicted this type of relationship when we started working on some of these issues at the … Read more

Oil optimism could be derailed by coronavirus risks, Dan Yergin says

SINGAPORE — Oil producer group OPEC left its 2021 forecast for crude demand growth unchanged on expectations of an economic recovery. But that could change, warns energy expert Dan Yergin. Yergin, vice-chairman at IHS Markit, told CNBC on Friday that a lot hinges on how effective the coronavirus vaccines are, and whether the number of … Read more

Biden’s inauguration rehearsal postponed over security concerns, Politico says

A rehearsal for U.S President-elect Joe Biden‘s inauguration scheduled for Sunday has been postponed because of security concerns, Politico reported late on Thursday, citing two people with knowledge of the decision. The rehearsal is now planned for Monday, according to the report. Biden’s team had also canceled an Amtrak trip from Wilmington to Washington planned … Read more

Can Donald Duck conviction second time round?

Washington: US President Donald Trump’s impeachment trial could begin on Inauguration Day, just as Joe Biden takes the oath of office. The trial timeline and schedule are largely set by Senate procedures and will start as soon as the House delivers the article of impeachment. That could mean starting the trial at 1 pm on … Read more

Calm stock market may be anticipating Biden’s more normal White House

U.S. President-elect Joe Biden speaks as he announces members of economics and jobs team at his transition headquarters in Wilmington, Delaware, U.S., January 8, 2021. Kevin Lemarque | Reuters Joe Biden’s inauguration next week is expected to usher in a more traditional and normal presidency, and the stock market could continue to climb, but perhaps … Read more

Biden’s focus on climate change could turn up the pressure on China’s mega infrastructure program

Workers take down a Belt and Road Forum panel outside the venue of the forum in Beijing on April 27, 2019. Greg Baker | AFP | Getty Images SINGAPORE — U.S. President-elect Joe Biden’s pledge to prioritize fighting climate change could turn up the pressure on China’s massive Belt and Road Initiative — which has … Read more