The year-end stocks rally on the heels of the election of Donald Trump as U.S. president was built on expectations of reduced regulations, big tax cuts and a large fiscal stimulus. Now signs are emerging from the Trump camp that harsher trade policies that could jeopardize the honeymoon are likely in the offing, and investors would be well advised to give those prospects more weight when gauging how much further an already pricey market has to run. By naming China hawk Peter Navarro as head of a newly formed White House National Trade Council, the incoming administration is signaling Trump's campaign promises to revisit trade deals and even impose a tax on all imports are very much alive.
The UN Security Council backs a call to end illegal Israeli settlements after the US refuses to veto.
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Both the Los Angeles City Fire Department and United Airlines say a passenger aboard a flight from London was unresponsive. Multiple media reports claim it was the Star Wars actress.
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The Co-op recalls 165,000 hollow milk chocolate Santa figures after two alleged tampering incidents.
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By Michelle Nichols UNITED NATIONS (Reuters) – The United States on Friday allowed the U.N. Security Council to adopt a resolution demanding an end to Israeli settlements, defying pressure from President-elect Donald Trump, Israel and some U.S. lawmakers who urged Washington to wield its veto. An abstention by the United States paved the way for the 15-member international body to approve the resolution, with 14 votes in favor, prompting applause in the council chamber. "Israel rejects this shameful anti-Israel resolution at the U.N. and will not abide by its terms," the office of Prime Minister Benjamin Netanyahu, who has encouraged the expansion of Jewish settlements in land captured by Israel in a 1967 war with its Arab neighbors, said in a statement.
U.S. prosecutors in San Francisco have asked Wells Fargo banker Yesenia Guitron, who lost a private lawsuit against the fourth-largest lender, to testify before a grand jury in San Francisco on Tuesday, according to a subpoena dated Dec. 12, which was seen by Reuters. A Wells Fargo spokesman declined to comment.
The U.S.-backed resolution fell two votes short of adoption Friday. It would have been the Security Council’s most recent attempt to stabilize the restive country.
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