French President Elect Emmanuel Macron’s party and their allies are set to come out on top in the first round of a legislative election next month, two polls showed on Sunday after the centrist was elected president. The far right National Front was seen winning 22 percent of the vote as would the conservative Republicans and their ally UDI. The far left France Unbowed party was seen winning 13 percent while the Socialists were seen at eight percent. A separate Kantar Sofres poll found that En M

U.S. stock futures pointed to a lower open on Monday after the French presidential election concluded with centrist Emmanuel Macron defeating far-right candidate Marine Le Pen, as was widely expected. Futures for the Dow Jones industrial average, S&P 500 and Nasdaq traded marginally lower after opening slightly higher at 6 p.m. The euro climbed to its highest level in six months, breaking above $1.10 for the first time since the U.S. presidential election. Polls leading up to the vote also had M

The euro spiked higher in the wake of the French election results, but the surge didn’t last long. The euro climbed to $1.1022, its highest level in six months and its first break above $1.10 since the U.S. presidential election. Matt Simpson, senior market analyst at ThinkMarkets, said in a note on Monday that Macron’s victory was largely already priced in by markets. He noted that the euro’s jump was not as pronounced as it was after the French presidential election’s first round, held on Apri

Guests at the event said Kushner’s sister, Nicole Kushner Meyer, spoke for about 10 minutes, including about her family’s humble roots. Jared Kushner, whose White House portfolio includes relations with China, sold his stake in Kushner Companies to a family trust early this year. A Kushner Companies spokeswoman declined to comment in a New York Times article about the Beijing event published on Saturday. Its promotional materials for the project, which it also calls Kushner1, advertise the prosp

A new ferry service between Rajin and Vladivostok is due to begin on May 8 that’s expected to carry up to 200 passengers and 1,000 ton of cargo six times a month. Meanwhile in April, Russian military hardware was seen transported to the country’s border with North Korea but the Kremlin claimed the action was part of pre-planned military exercises, Reuters reported. “There is little doubt that Russia is making sincere attempts at building a partnership with North Korea,” Russia-Korea analyst Anth

Comcast and Charter Communications have reached an operational agreement on working together on wireless communications plans, the companies announced Monday. Under the agreement, Comcast will only sell wireless to its customers and Charter will only sell wireless to its customers. The two companies also reached an agreement in which Comcast and Charter will only work together to approach any of the major wireless companies about MVNO (mobile virtual network operators) deals. “We look forward to

Enjoy the stock indexes riding at record highs for now, but get ready for much stingier markets in the years to come. That’s the message consistently conveyed these days by investment counselors and finance scholars, who argue that with today’s starting equity valuations and low interest rates, the coming decade should produce dramatically lower returns than the historical average. These forward-return calculations vary in their approach and assumptions, but all are anchored on today’s stock val

The week is pretty sparse as far as market-moving economic reports go. That’s when the government will report the latest inflation numbers as expressed through the Consumer Price Index. Economists expect the report to show that prices rose 2.3 percent on the year and 0.3 percent for April. If the CPI report meets expectations, it makes it even more likely the Fed will hike. Economists are expecting a rebound for April, with the monthly gain projected to be 0.6 percent, according to FactSet.

The French presidential election win by centrist Emmanual Macron should give a boost to certain U.S. stocks and exchange-traded funds with a reliable history of trading higher with the euro. Apple, Caterpillar, Nike and McDonald’s round out the top 5 best Dow stocks during a rising euro. Emerging market stocks also typically trade higher as the falling dollar versus the euro signifies the return of a risk-taking atmosphere around the globe. The SPDR Euro Stoxx 50 ETF, tracking the largest public

Gold edged up on Monday on bargain-hunting after dipping to a seven-week low earlier in the session and as the euro strengthened after pro-EU candidate Emmanuel Macron won the French presidential election. Spot gold rose 0.3 percent to $1,230.64 per ounce as of 0727 GMT, after touching 1,224.86 earlier in the session, its lowest since March 17. U.S. gold futures were also up 0.3 percent at $1,230.80 an ounce. The euro hit a six-month high against the dollar on Monday after centrist Macron comfor

Oil prices rose on Monday as talk of further supply cuts by major OPEC exporters outweighed the prospect of higher U.S. production as a drilling boom spreads across North America. Brent crude was up 40 cents at $49.50 a barrel by 0930 GMT. U.S. light crude was 30 cents higher at $46.52. OPEC efforts are being undermined by a surge in drilling in the United States that is spurring a boom in shale oil production that may fill many of the gaps left by OPEC. Oil investors are wary, brokers say.

Asian markets were mostly higher, with Japan’s Nikkei 225 surging 2.31 percent or 450 points to close at 19,895.7. South Korea’s benchmark Kospi index added 2.3 percent or 51.52 points to close at 2,292.76. Over in Australia, the ASX 200 closed 0.59 percent or 34.344 points higher at 5,870.9, driven largely by its energy and materials sub-indexes which were up 2.35 percent and 1.09 percent respectively. The Hang Seng Index rose 0.47 percent but mainland Chinese markets closed lower. The Shanghai

One day we’ll all be jetting around in flying cars. The billionaire is an investor in Kitty Hawk, the flying car startup that showed the world its aerial jetski in action last month. The study, published last month, showed that 44 percent of respondents were very interested in riding a fully autonomous flying taxi and 41 percent said they’d be interested in owning one. 52 percent of male respondents reported feeling positive or very positive about flying cars, while only 38 percent of women were

Michael Dell founded his company 33 years ago, in his dorm room as a freshman at the University of Texas, Austin. After that, it ballooned like crazy — making Dell Computer one of the fastest-growing companies ever. It also made Michael Dell a multi-billionaire. Dell fought him and won, taking his namesake company private, and then making it bigger than ever. Fortt Knox went to Round Rock, Texas to talk to Michael Dell, just days before his Dell EMC World conference in Las Vegas.

Posobiec’s online biography said he coordinated grassroots organizing for a group that supported U.S. President Donald Trump’s campaign. Posobiec is prolific on Twitter, where he has a large following of more than 100,000 accounts. Contacted by Reuters, Posobiec said he did not operate bots and that he used his account to share a post he saw on 4chan. WikiLeaks, the anti-secrecy group that published hacked emails belonging to Democrats during the 2016 presidential election, provided the largest

U.S. Commerce Secretary Wilbur Ross said on Saturday that threats of retaliatory trade actions from Canadian officials “are inappropriate” and will not influence final U.S. import duty determinations on Canadian softwood lumber. “We continue to believe that a negotiated settlement is in the best interests of all parties and we are prepared to work toward that end,” Ross said in a statement issued by the Commerce Department. On Friday, Canadian Prime Minster Justin Trudeau said his government wou

Our live blog is tracking reaction as Marin Le Pen and Emmanuel Macron go head to head in the final round of voting. We’ll bring you the latest analysis below.

Kim Jong Un is detaining American citizens as human shields amid fears of a U.S. attack targeting his nuclear and missile programs as part of a new form of “hostage diplomacy,” according to experts. North Korea has long detained U.S. citizens to use as bargaining chips. But unlike his father Kim Jong Il, the young dictator is using prisoners to protect himself rather than as a tool to bring the U.S. to the negotiating table, analysts said. Last month, North Korea detained U.S. citizen Kim Sang-d

The State Administration of Foreign Exchange said in a statement that the reserves rose due to basically balanced foreign exchange supply and demand and the appreciation of currencies against the dollar. Looking ahead, the yuan would remain basically stable with cross-border capital flows becoming more balanced, which will further stabilize foreign exchange reserves, the regulator added. Economists polled by Reuters had expected foreign exchange reserves to rise by $11.0 billion to $3.02 trillio

China will further tighten its internet regulations with a pledge on Sunday to strengthen controls over search engines and online news portals, the latest step in President Xi Jinping’s push to maintain strict Communist Party control over content. He has also reasserted the ruling Communist Party’s role in limiting and guiding online discussion. The five-year cultural development and reform plan released by the party and State Council, or Cabinet, calls for a “perfecting” of laws and rules relat