• FAIL: Website For Michael Cohen Redirects To Trump’s Campaign Website

    FAIL: Website For Michael Cohen Redirects To Trump’s Campaign Website

    Markets

    A number of legal experts have said that a president can not be indicted while in office, and that if a president committed a crime the appropriate recourse would be impeachment. On Twitter , the president contended the two counts of campaign finance violations to which Cohen pleaded "are not a crime". One woman was a porn star and another, a Playboy model .
  • Yet To Break The Bull Market Record

    Yet To Break The Bull Market Record

    Markets

    The S&P 500 is up 188.21 points, or 7 percent. Wall Street is widely considered to be in a bull market that started on March 9, 2009, making it the longest running bull market in USA history. Wien, vice chairman of Blackstone Private Wealth Solutions, sees the S&P 500 reaching 3,000 by year end, up from 2,865 now, the Street.com said. And while the rally hasn't been the smoothest, the S&P 500 has chugged along through two presidencies without dropping 20 percent below its highs - at ...
  • Freeland 'very encouraged' by NAFTA progress

    Freeland 'very encouraged' by NAFTA progress

    Markets

    Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerMcConnell urges GOP senators to call Trump about tariffs Companies brace for trade war MORE on NAFTA, Reuters reported . Trade is also reporting that a proposal to give the incoming Mexican government more flexibility in managing Mexico's energy resources has emerged as a late irritant in NAFTA talks with the U.S., which is advocating that energy issues be addressed in the trade deal's other chapters.
  • Why Lowe’s is closing stores and slashing inventory

    Why Lowe’s is closing stores and slashing inventory

    Markets

    The locations include 18060 Chatsworth St.in Granada Hills, 5960 Sepulveda Blvd.in Van Nuys, 19800 Ventura Blvd.in Woodland Hills, 3100 Foothill Blvd.in La Crescenta and 1934 E. Lowe's spokeswoman Jackie Hartzell said Orchard employees were told of the closures Tuesday. "We don't have enough stores to handle the things that Orchard does", he said.
  • Australian prime minister could quit by the end of the week

    Australian prime minister could quit by the end of the week

    Markets

    The vote to refer Dutton to the High Court was defeated 69-68 in the House of Representatives before it adjourned. Labor are yelling abuse at the government. "Any other legislation I will take on a case-by-case basis", he said on Thursday. Senate leader Cormann, whose position has always been considered crucial in the leadership battle, said he had been told by five cabinet ministers who had voted for Turnbull on Tuesday that he no longer had their support.
  • UNIAN: Trump names conditions for Russian Federation sanctions lift

    UNIAN: Trump names conditions for Russian Federation sanctions lift

    Markets

    The U.S. government continues to put pressure on Russian Federation for its position in Eastern Europe, including the annexation of the Crimean Peninsula of Ukraine in 2014. "Today, the United Kingdom asks its allies to go further by calling on the European Union to ensure its sanctions against Russian Federation are comprehensive, and that we truly stand shoulder to shoulder with the U.S".
  • Inquiry into top-level state graft opens

    Inquiry into top-level state graft opens

    Markets

    Former president Jacob Zuma appointed the judicial inquiry into the alleged graft in January on the orders of a high court. Former president Jacob Zuma's legal "dream team" - advocates Mike Hellens SC, Dawie Joubert SC, Muzi Sikhakane SC and Thabani Masuku SC - were in attendance.
  • China to Keep Buying Iranian Crude Despite U.S. Sanctions

    China to Keep Buying Iranian Crude Despite U.S. Sanctions

    Markets

    The front-month spread CLc1-CLc2 widened significantly in July after an unexpected outage at Canada's oil sands facility dented flows of crude into Cushing, Oklahoma, the delivery point for US futures. China as well as Iran's other top oil client, India, refused to comply with the United States unilateral sanctions against Tehran. The Iranian supply cut may also be more than compensated for by production increases outside oil cartel Opec.
  • Wall Street hits new high as bull run enters uncharted territory

    Wall Street hits new high as bull run enters uncharted territory

    Markets

    They say this bull market would have to run until June 2021 to set the record, claiming the longest bull market ran 4,494 days between December 4, 1987, and March 24, 2000. Australian shares fell 0.3 per cent the day after a leadership challenge to Prime Minister Malcolm Turnbull. "If you're a foreign investor, suddenly Australia's looking a lot less attractive".
  • Trump complains about interest rate rises

    Trump complains about interest rate rises

    Markets

    Specifically, of course, there's the fact that Powell was a member of the Federal Reserve's Board of Governor since 2012 and had been on the Board at the time that it was agreed that the Fed would end the easy money policies it had adopted since the start of the Great Recession, policies that kept interest rates at historic lows for an extended period of time and which, when adjusted for inflation, likely resulted in negative interest rates for at least some short-term obligations.
  • Turkish lira crisis poses additional risk to German economy

    Turkish lira crisis poses additional risk to German economy

    Markets

    In Turkey , the latest fad is to destroy your Apple iPhone on video in order to support Turkish President Recep Tayyip Erdogan . "Today some people are trying to threaten us through the economy, through interest rates, foreign exchange, investment and inflation".
  • Former Trump lawyer Cohen admits campaign law violation

    Former Trump lawyer Cohen admits campaign law violation

    Markets

    However, the amounts and the dates all lined up with the payments made to Daniels and " Playboy " Playmate Karen McDougal . Cohen said he worked " at the direction of a candidate for federal office ", ostensibly Trump , for the goal of influencing the election.
  • Trump ‘not thrilled’ with Fed chairman over interest rate hikes

    Trump ‘not thrilled’ with Fed chairman over interest rate hikes

    Markets

    Trump said that he was absolutely unhappy with the key rate hike and Jerome Powell himself. U.S. President Donald Trump leaves the Rose Garden with Jerome Powell, his nominee to become chairman of the U.S. Almost eight in 10 economists believe the Fed's interest rate policies are "about right", according to a survey released Monday by the National Association for Business Economics.