The Supreme Court said Friday it will hear President Donald Trump’s pleas to keep his tax, bank and financial records private, a major confrontation between the President and Congress that also could affect the 2020 Presidential campaign. Arguments will take place in late March, and the Justices, acting unusually quickly, are poised to issue decisions in June as Mr. Trump is campaigning for a second term. Rulings against the President could result in the quick release of personal financial information that Mr. Trump has sought strenuously to keep private. The court also will decide whether the Manhattan District Attorney can obtain eight years of the President’s tax returns as part of an ongoing criminal investigation. The subpoenas are separate from the ongoing impeachment proceedings against Mr. Trump, headed for a vote in the full House next week. Indeed, it’s almost certain the court won’t hear the cases until after a Senate trial over whether to remove Mr. … [Read more...] about Justices to take up dispute over subpoenas for Donald Trump’s financial records
Where are trumps tax returns
The US is also reducing existing import taxes on about $US112 billion ($A163 billion) in Chinese goods from 15 per cent to 7.5 per cent. In return, Trump said on Twitter that the Chinese have agreed to "massive" purchases of American farm and manufactured products. He did not specify how big those purchases would be. Chinese officials said if Washington reduces the tariffs, Beijing will lower its trade penalties on American goods and also scrap plans for new tariffs from Sunday. "China is ready to work with the US side to do more to promote growth in trade," China's deputy finance minister Liao Min said on Friday. Asked to confirm reports that Beijing had committed to buy $US50 billion ($A73 billion) of American farm goods, he said details would be released later. The "phase one" deal leaves unresolved some of the thorniest issues, but Trump said work on a follow-up would begin "immediately, rather than waiting until after the 2020 Election. This is an amazing deal for all. Thank you!" … [Read more...] about Trump announces deal to halt China tariffs
Paris: British Prime Minister Boris Johnson's resounding election victory was largely welcomed by governments around the world on Friday, with hopes it will put an end to years of Brexit deadlock. But EU leaders warned of the challenges ahead in securing a trade deal with the bloc after it leaves on January 31, and said they did not want an "unfair" competitor on their doorstep. Here are some of the initial reactions: 'Massive' trade deal with US "Congratulations to Boris Johnson on his great WIN!" US President Donald Trump tweeted. "Britain and the United States will now be free to strike a massive new Trade Deal after BREXIT. This deal has the potential to be far bigger and more lucrative than any deal that could be made with the E.U. Celebrate Boris!" 'Competitor at our door' "My hope is that the United Kingdom remains an ally, a friend and an extremely close partner. The condition is to define the rules of a fair relationship," French President Emmanuel Macron said after an EU … [Read more...] about ‘Don’t Want Britain to be an Unfair Competitor’: How the World is Reacting to Boris Johnson’s Big UK Poll Win
FY20 looks like a frontloaded year. We had most of the returns probably in the first half of the year but in case there is a big reform thrust, leading to more FII and FPI inflows, things can change, says Rajat Jain, CIO, Principal AMC. Excerpts from his interview with ETNOW. How much more to go before we reach a fundamental bottom for this market because there are just too many moving parts right now -- be it global trade war or local liquidity crunch/slowdown?The market is going to focus on events. You are right there are many moving parts to this. The global macro, the global geopolitical situation and the big event -- the Union Budget coming up in 10 days’ time. In the budget, there are two things we are going to watch out for. As we know, the government is facing some sort of issues on the fiscal side, simply because of the revenues. Last year, growth was muted for both direct and indirect taxes. Disinvestment was a bit of a challenge and expenditure more as the government … [Read more...] about FY20 likely to be an average year for equity markets: Rajat Jain, Principal AMC
The new Mac Pro starts at $9999, which already makes it one of the most expensive computers you can buy. For that price you’d expect some impressive performance stats, and the Mac Pro does deliver in that regard, with an 8-core processor, 32GB of RAM, and 8GB graphics card and 256GB of the speedier solid state storage. But if you need absolutely the most powerful Apple computer on offer, you’re going to need close to $100,000. The new Apple Mac Pro starts at expensive and goes up from there. Picture: Brittany Hosea-Small / AFPSource:AFP Fully-specced out, the Mac Pro will set you back $84,778 for a maxed-out model offering a 28-core processor (which adds $11,200 to the price), a massive 1.5TB of RAM (which contributes a staggering $40,000), two graphics cards with 32GB of memory apiece ($17,280) and 4TB of solid state storage ($2240). Apple’s Afterburner card can also be added for better video rendering performance for an additional $3200. An extra $640 adds wheels … [Read more...] about Apple’s new Mac Pro can cost almost $100,000, but why?