Economy

Another Trump loyalist granted immunity as prosecutors close in on Trump business

Another Trump loyalist granted immunity as prosecutors close in on Trump business Everyone laughed, including the president . The White House has dismissed the suit as politically motivated. It was a bruising week for Trump, with a trio of men who are intimately familiar with his secrets and business dealings now cooperating with prosecutors. [Full Article...]

Longtime Trump Organization CFO granted immunity in Cohen case

Longtime Trump Organization CFO granted immunity in Cohen case He had been summoned to give evidence to prosecutors earlier this year in the investigation into Cohen, Donald Trump's longtime former lawyer. Weisselberg, 70, began working for the Trump Organization as an accountant in the 1970s, when President Donald Trump's father Fred ran the company. [Full Article...]

Russian gun company unveils ‘electric supercar’ to compete with Tesla

Russian gun company unveils ‘electric supercar’ to compete with Tesla First, it was his Ambien-fuelled Twitter habit , and more recently, his televised public breakdown . The Russian weapons maker says the vehicle will boast a 90-kWh battery, giving it a range of 350 kilometres and a zero-to-100 km/h time of 6.0 seconds. [Full Article...]

Trump says impeachment to sink economy

Trump says impeachment to sink economy Pecker's company paid one of Trump's accusers - former Playboy model Karen McDougal - $150,000 in exchange for exclusive rights to her story. That is a bad strategy if Mr Trump truly has nothing to hide, said Mr Eric Freedman, a constitutional law professor. [Full Article...]

Flipping in criminal cases should be made illegal: Donald Trump

Flipping in criminal cases should be made illegal: Donald Trump One woman was a porn star and another, a Playboy model. The person told The Associated Press Thursday that Attorney General Barbara Underwood recently requested a criminal referral from the state tax department to investigate and potentially file charges against Cohen, the former personal attorney for President Trump . [Full Article...]

Stocks rally after speech by Fed's Powell, oil prices surge

For the week, the S&P gained 0.87 percent, the Dow added 0.47 percent and the Nasdaq jumped 1.66 percent. After having kept its key policy rate near zero for seven years to help lift the economy out of the Great Recession, the Fed has raised rates seven times, most recently in March and June this year. [Full Article...]

S&P 500 reaches longest bull market in United States history

S&P 500 reaches longest bull market in United States history The S&P 500 industrial index .SPLRCI rose 0.9 percent . Investors popping the champagne bottles this week are tallying the days since the S&P 500 bottomed during the Great Recession. Today, the S&P 500 is at around 2,830, a 323 percent increase. Despite the bull market naysayers, there was still plenty of room for excitement. S&P stocks got another shot of support in late 2017 when US ... [Full Article...]

Freeland 'very encouraged' by reports of NAFTA progress

Freeland 'very encouraged' by reports of NAFTA progress Little has been said publicly about the content of those talks, but Canadian officials and other sources suggested they have focused on US demands around the automotive sector - issues of particular concern to the States and Mexico . Seade, who represents incoming Mexican president Andrés Manuel López Obrador, said the U.S. -Mexico agreement could be struck as soon as this week, but possibly next... [Full Article...]

Turkey Crisis Could End 'Instantly' If Pastor Freed, Bolton Says

Turkey Crisis Could End 'Instantly' If Pastor Freed, Bolton Says Turkey's presidential spokesman , Ibrahim Kalin also called on the USA to respect Turkey's judicial independence, one of Ankara's most pointed responses yet over its detention of pastor Andrew Brunson , who is facing terror-related charges in Turkey. [Full Article...]

Savannah Sears at Oglethorpe Mall set to close

Savannah Sears at Oglethorpe Mall set to close Liquidation sales will begin as early as August 30 at the closing stores. The closures are expected to be complete by November. A small group of stores were initially pulled from the May list for further evaluation. There are still 10 Sears open within 30 minutes drive of Crabtree Valley Mall, according to Sears' website. The Hoffman Estates, Illinois-based retailer's shares have lost value in... [Full Article...]

'I Can't Be Impeached Because I'm Doing A Great Job'

'I Can't Be Impeached Because I'm Doing A Great Job' Davis noted that Trump publicly "cheered" on the hacks but alluded to private conversations that Cohen may have been privileged to. "If I got impeached, I think the market would crash". Which brings us then to the other I-word, which will be crucial in how all of this plays out for Mr Trump's political survival - "investigations". [Full Article...]

Trump 'Not Thrilled' with Fed Chairman Powell Over Rate Hikes

Trump 'Not Thrilled' with Fed Chairman Powell Over Rate Hikes The dollar is falling against the pound and euro on Tuesday morning after US President Donald Trump publicly criticised the Federal Reserve for raising interest rates. Asked by Reuters whether he believes in the independence of the Fed, the president said, "I believe in the Fed doing what's good for the country". [Full Article...]

Liam Fox: We will make Britain an exporting superpower

Liam Fox: We will make Britain an exporting superpower Previous strategies have come and gone, but businesses have been let down by their execution. THE UK government's ambition to make Britain a "21st century exporting superpower " has been welcomed by peer-to-peer business lender ThinCats. [Full Article...]

China trade war escalates as new tariffs kick in

China trade war escalates as new tariffs kick in Beijing has denied US allegations that it systematically forces the unfair transfer of USA technology and has said that it adheres to World Trade Organization rules. And Politico reported last week that the United States and Mexico had reached a preliminary breakthrough in negotiations on the North American Free Trade Agreement that could ease tensions with the US's southern neighbor. [Full Article...]

US, China raise tariffs in new round of trade dispute

US, China raise tariffs in new round of trade dispute Chinese leaders have promised to help struggling exporters and ordered banks to lend more freely to them. The latest action completes the first round of $50 billion in products that President Donald Trump targeted, after $34 billion in goods were hit with punitive duties on July 6. [Full Article...]

United Kingdom to publish first batch of no-deal Brexit notices

United Kingdom to publish first batch of no-deal Brexit notices Pro-Brexit campaigners have described the warnings as "Project Fear" - saying the United Kingdom has nothing to fear from leaving without a trade deal and falling back on World Trade Organization rules. Earlier this month trade minister Liam Fox put the chances at 60-40. The extraordinary arrangement would risk flooding the United Kingdom with potentially risky goods and dramatically increase ... [Full Article...]

Orchard Supply Hardware stores to all close by year's end

Orchard Supply Hardware stores to all close by year's end Orchard Supply Hardware's parent company Lowe's announced it will close all 99 of its California stores including the store in Pismo Beach, seen here. To facilitate an orderly wind-down, Lowe's says it will conduct store closing sales and has partnered with Hilco Merchant Services to help manage the process. [Full Article...]

Google Pixel 3 leaked video seemingly confirms wireless charging

Google Pixel 3 leaked video seemingly confirms wireless charging Both phones are said to feature dual front cameras, but only a single lens on the back, according to Bloomberg . While the rear panel of the Pixel 3 XL looks pretty much identical to the Pixel 2 XL . The current-generation Pixel 2 and Pixel 2 XL come with 4GB RAM and a choice of either 64GB or 128GB of storage. Let's take a look at the specifications and features that have appeared so far ... [Full Article...]

Leadership crisis: House of Reps adjourned early following government motion

Leadership crisis: House of Reps adjourned early following government motion Australian media reported that Mr Turnbull was resisting Mr Dutton's calls for a second vote on Thursday. Former minister Peter Dutton has told Turnbull that he wants lawmakers in the ruling conservative Liberal Party to elect a new prime minister on Thursday. [Full Article...]

Putin says latest United States sanctions senseless

Putin says latest United States sanctions senseless Speaking after talks with Finnish counterpart Sauli Niinisto in Sochi, Putin described last month's Helsinki summit with U.S. President Donald Trump as positive, but blamed Trump's administration for continuing to hit Russian Federation with sanctions. [Full Article...]


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