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Another day, another White House leak. This time, it's the transcripts from President Trump's calls with two world leaders during his first week in office, which make for compelling reading. Among the revelations: Trump described the state of New Hampshire to Mexico's president as a “drug-infested den” and told him they'd make a deal for the cost of the proposed border wall so it would “come out in the wash”.—Katie Robertson
Special Counsel Robert Mueller impanels a grand jury. Mueller is using the federal grand jury in Washington to help collect information as he probes Russia's meddling in the 2016 election and possible collusion by Trump campaign associates. It comes as senators in both parties moved to protect Mueller from being fired by President Trump.
Trump transcripts show fraught relationships with world leaders. The phone conversations between Trump and Australian Prime Minister Malcolm Turnbull and Mexican President Enrique Pena Nieto offer a window into the U.S. president's relentless focus on his political image and underscore some of the difficulty he has had navigating foreign affairs.The call transcripts are peppered with Trump's signature braggadocio and flair for the politically incorrect.
An oil trader known as “God” is closing down his main hedge fund. Andy Hall is shuttering his flagship Astenbeck Master Commodities Fund II after losses of almost 30 percent in the first half of the year. Hall shot to fame during the global financial crisis when he pocketed $100 million in a single year as a star Citigroup trader.
Tesla finishes its first solar roofs. Elon Musk spent the last week making good on promises—the Model 3 electric car, and now the solar roof. The company is trying to make solar ownership more attractive and affordable by eliminating the need to install both a roof and solar panels. Tesla completed its first installations on Wednesday, with its employees (and Musk himself) as the first customers.
Congress is heading for a confrontation with Sessions over marijuana. The attorney general wants to crack down on pot use while U.S. lawmakers from both parties are pushing legislation that would do the opposite. The Justice Department didn't actively prosecute marijuana offenders during the Obama administration, an approach Sessions has said needs to change.
Americans keep crushing it with their 401(k)s. The stock market is fueling all-time highs in retirement account balances. A string of record 401(k) and IRA account totals now stretches across three consecutive quarters, with the average IRA breaking into the six figures, according to second-quarter data from Fidelity Investments.
The cities where rent hikes leave the most people homeless. Rent hikes are likelier to force Americans into homelessness in markets with less slack. A new study from Zillow found when median rents increased 5 percent in New York, 2,982 more people became homeless. For Los Angeles, the same rent hike would boost the homeless population by nearly 2,000 people.
Why we can't have the male pill. For years, headlines have promised an imminent breakthrough in male contraception. Time and again, these efforts have fallen short. Male birth control would be a public-health triumph and could be a multibillion-dollar business, yet major pharmaceutical companies have mostly abandoned the chase. What's taking so long?
With assistance from Editorial Board
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The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
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Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
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Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
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Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
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Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.