Finance news

• New U.S. rule on payday loans to hurt industry, boost banks: agency

  05-10-2017 23:55 via yahoo.com
  By Lisa Lambert and Pete SchroederWASHINGTON (Reuters) - Revenues for the $6 billion payday loan industry will shrivel under a new U.S. rule restricting lenders' ability to profit from high-interest, short-term loans, and much of the business could move to small banks, according to the country's consumer financial watchdog.The Consumer Financial Protection Bureau (CFPB) released a regulation on Thursday requiring lenders to determine if borrowers can repay their debts and capping the number of l
  
  Read more

• Republicans move on tax reform; Fed officials see economic threats

  05-10-2017 23:47 via yahoo.com
  By David MorganWASHINGTON (Reuters) - Congressional Republicans moved to hasten an overhaul of the U.S. tax code on Thursday, while Federal Reserve officials warned in rare public remarks that President Donald Trump's tax plan could lead to inflation and unsustainable federal debt.In a procedural step forward, the Republican-controlled House of Representatives approved by a 219-206 vote a fiscal 2018 spending blueprint to help advance an eventual tax bill.The blueprint contains a legislative too
  
  Read more

• New York-area hedge fund manager charged with Ponzi fraud

  05-10-2017 23:45
  NEW YORK (Reuters) - A suburban New York hedge fund manager accused of losing or spending all but about $27,000 of the $21.8 million he told investors he had was criminally charged on Thursday with...
  
  Read more

• Trump opponents urge U.S. Supreme Court to rule on travel ban

  05-10-2017 23:41 via yahoo.com
  Challengers to President Donald Trump's travel ban targeting several Muslim-majority countries on Thursday urged the U.S. Supreme Court to decide the policy's legality even though it has been replaced with a revised plan.In separate letters to the court, the American Civil Liberties Union and the state of Hawaii said the justicesshould still hear the case, which had been scheduled for arguments next week but was taken off their calendar after the administration announced the reworked ban last mo
  
  Read more

• Advertisement

• Harvey Weinstein Expresses ‘Regret,’ Moves To Sue The New York Times Anyway

  05-10-2017 23:29 via yahoo.com
  Despite his lengthy expression of “regret” after sexual assault and harassment allegations against him surfaced, film executive Harvey Weinstein is suing The New York Times, according to The Hollywood Reporter.
  
  Read more

• Will Republicans End Up Fixing Immigration After All?

  05-10-2017 23:08 via yahoo.com
  Trump took aim at the Obama-era DACA program. Now, reform-minded conservatives are scrambling to find their own immigration solutions.
  
  Read more

• Inside Vegas Gunman's Video Poker Obsession, and How 'Crack Cocaine of Gambling' Made Him a High Roller

  05-10-2017 23:04 via yahoo.com
  Stephen Paddock boasted that he was spending a million dollars a year on gambling.
  
  Read more

• GOP Rep. Murphy resigning after reports of affair

  05-10-2017 23:01 via yahoo.com
  WASHINGTON (AP) — Republican Rep. Tim Murphy of Pennsylvania, an anti-abortion lawmaker who allegedly urged his mistress to have an abortion when he thought she was pregnant, is resigning from Congress.
  
  Read more

• Advertisement

• Pakistan army says state exploring how to integrate militant-linked groups

  05-10-2017 22:59 via yahoo.com
  By Asif ShahzadISLAMABAD (Reuters) - The Pakistani army on Thursday said the government was discussing ways to try to integrate militant-linked groups into the mainstream of the country's politics.Milli Muslim League (MML), a new militant party controlled by Islamist Hafiz Saeed, backed a candidate in the September by-election for a seat vacated by ousted Prime Minister Nawaz Sharif in the eastern city of Lahore.The United States has offered a $10 million bounty for Saeed's capture.
  
  Read more

• Caitlyn Jenner lashes out at Trump administration on trans issues: 'This is a disgrace'

  05-10-2017 22:57 via yahoo.com
  Caitlyn Jenner, whose Republican leanings have made her something of an oddity in the trans community, lashed out on Thursday against President Trump in defense of the LGBT community.
  
  Read more

• Thwarted in Congress, gun-control groups see hope in states

  05-10-2017 22:51 via yahoo.com
  DES MOINES, Iowa (AP) — Brushed aside by the Republican-controlled Congress, gun control advocates have shifted much of their campaign for tighter firearms laws to the states — and they've chalked up some modest, unexpected successes.
  
  Read more

• New wave of protest leaders emerged after Ferguson

  05-10-2017 22:39 via yahoo.com
  ST. LOUIS (AP) — Young people thrust into activism by the fatal police shooting of Michael Brown in Ferguson are leading a new wave of civil disobedience in St. Louis, mentored by a civil rights movement veteran and driven by the belief that change won't happen until the entire region is confronted with the uncomfortable reality of racism.
  
  Read more

• Man who sold firearms to Las Vegas gunman Stephen Paddock says there were 'no red flags'

  05-10-2017 22:18 via yahoo.com
  A firearms dealer who sold “several' guns to Las Vegas mass murderer Stephen Paddock has defended his shop and claimed there were “no red flags” that might have prevented the sale.David Famiglietti said the sales were conducted “lawfully” at his New Frontier Armory (sic).The Vice President of the Nevada Firearms coalition, the state affiliate of the National Rifle Association, added that his staff have received threats and abuse since it emerged the shop sold weapon
  
  Read more

• LGBTQ Groups Blast Jeff Sessions For Reversing Trans Workplace Protections

  05-10-2017 22:15 via yahoo.com
  Attorney General Jeff Sessions came under fire from a number of LGBTQ rights groups Thursday after he determined that federal civil rights legislation does not protect transgender people from discrimination in the workplace.
  
  Read more

• Facing tougher regulations, TransCanada scraps $12 billion oil pipeline

  05-10-2017 22:08 via yahoo.com
  By Nia Williams and Ethan LouCALGARY, Alberta (Reuters) - TransCanada Corp abandoned its C$15.7 billion ($12.52 billion) cross-country Energy East pipeline on Thursday amid mounting regulatory hurdles, dealing a blow to the country's oil export ambitions.The demise of the pipeline comes less than a year after the Canadian government rejected another export pipeline, Enbridge Inc's Northern Gateway, and is a further setback for Canada's oil industry which is already hurting from low global crude
  
  Read more

• Was Vegas Gunman Taking Aim at Lollapalooza When It Was Attended by Malia Obama?

  05-10-2017 22:07 via yahoo.com
  Stephen Paddock reportedly secured a room overlooking Chicago's Grant Park while the festival was being held in August.
  
  Read more

• Cam Newton Blasted After Telling Reporter, 'It's Funny to Hear a Female Talk About Routes'

  05-10-2017 22:06 via yahoo.com
  The Carolina Panthers quarterback said it was "funny" to hear Jourdan Rodrigue talk about routes.
  
  Read more

• White House interprets First Amendment for reporters

  05-10-2017 22:03 via yahoo.com
  White House press secretary Sarah Sanders lectured reporters on the meaning of the First Amendment Thursday, in defense of President Trump’s recent tweets suggesting that the Senate Intelligence Committee investigate national news outlets.
  
  Read more

• DC officials won't appeal ruling against strict gun law

  05-10-2017 22:00 via yahoo.com
  WASHINGTON (AP) — District of Columbia officials said Thursday they won't appeal a court ruling striking down a portion of the city's gun laws, a decision that means it will soon be easier for gun owners to get concealed carry permits in the nation's capital.
  
  Read more

• Pink Slams Dr. Luke In Interview: ‘He’s Not A Good Person’

  05-10-2017 21:56 via yahoo.com
  Luke” Gottwald, who has been embroiled in a legal battle with Kesha since 2014, in a recent interview for The New York Times.
  
  Read more

• Hell freezes over as NRA supports a gun control measure

  05-10-2017 21:56 via yahoo.com
  The NRA has been particularly quiet in the days following the deadly Las Vegas shooting that left 58 people dead and hundreds injured. Its Twitter account hasn't posted anything since Sept. 29 and the organization has refrained from any public comment. Until now. SEE ALSO: Jimmy Kimmel tears up talking about his hometown Las Vegas In a brief statement issued Thursday, the powerful and vehemently anti-gun control organization surprised many by insisting that "bump stocks," the devices used to con
  
  Read more

• California becomes sanctuary state as governor signs bill

  05-10-2017 21:39 via yahoo.com
  SACRAMENTO, Calif. (AP) — California Gov. Jerry Brown signed sanctuary state legislation Thursday that extends protections for immigrants living in the United States illegally — a move that gives the nation's most populous state another tool to fight President Donald Trump.
  
  Read more

• NRA comes out in favor of restrictions on bump stocks

  05-10-2017 21:09 via yahoo.com
  The White House and National Rifle Association both came out in favor of reviewing regulations of bump fire stocks, the device that contributed to the deaths of 58 people in the Las Vegas mass shooting Sunday night.
  
  Read more

• Iraq says it has retaken one of IS group's last strongholds

  05-10-2017 21:06 via yahoo.com
  BAGHDAD (AP) — Iraqi Prime Minister Haider al-Abadi announced Thursday that Iraqi forces have driven the Islamic State group from one of the extremists' last strongholds in the country, the northern town of Hawija.
  
  Read more

• Congressional Republicans eye 'bump stocks' after Las Vegas massacre

  05-10-2017 21:04 via yahoo.com
  Republican lawmakers on Thursday said they would look into "bump stock" gun accessories after a retiree used rifles equipped with them to rain gunfire onto a Las Vegas concert, killing 58 people in the deadliest mass shooting in modern U.S. history.The influential National Rifle Association, which has opposed efforts to pass federal gun legislation following past mass shootings, said it would not oppose the move.It said the devices that allow semi-automatic rifles to behave as fully automatic we
  
  Read more

• Ivanka Trump faces backlash after blocking Democratic Rep. Ted Lieu

  05-10-2017 20:53 via yahoo.com
  Rep. Ted Lieu was one of two Democratic lawmakers to call for the removal of Ivanka's security clearance on Thursday, but he needed some help getting her the message.
  
  Read more

• Congress needs to examine gun 'bump stock' devices: House speaker

  05-10-2017 20:39 via yahoo.com
  A backlash against "bump stock" gun accessories, which enable rifles to be turned into rapid-fire guns, grew in the U.S. Congress on Thursday as House Speaker Paul Ryan opened the door to possible debate on controlling the devices."Clearly that's something we need to look into," Ryan told radio talk show host Hugh Hewitt, referring to the accessories.The National Rifle Association, a powerful opponent of most gun control initiatives, so far has been silent on whether it would support or oppose e
  
  Read more

• Las Vegas shooter also considered Boston and Chicago: reports

  05-10-2017 20:34 via yahoo.com
  The Las Vegas gunman who carried out the deadliest mass shooting in recent US history also had scouted possible locations in Chicago and Boston, US media reported Thursday.Stephen Paddock booked two rooms during the Lollapalooza music festival in August at Chicago's Blackstone hotel, which overlooks the expansive downtown park where the popular event was held, according to the website TMZ and NBC News.The 64-year-old gambler and retired accountant also researched hotels around Boston's Fenway Pa
  
  Read more

• The Latest: Russia says it fired 10 missiles at IS in Syria

  05-10-2017 20:30 via yahoo.com
  BEIRUT (AP) — The Latest on developments in Syria (all times local):
  
  Read more

• Netflix ups U.S. fees for first time since 2015

  05-10-2017 20:01 via yahoo.com
  (Reuters) - Netflix Inc's U.S. business announced the first rises in monthly fees in two years on Thursday, hiking costs for two of its three main subscription plans as it spends heavily on its own original content."Most investors believe that Netflix is priced well below its value to consumers and want to see the management continue to increase monetization," Rob Sanderson analyst at MKM Partners said.In 2011, Netflix raised prices for some customers by as much as $6, causing more than 800,000
  
  Read more

• Russia, Saudi Arabia cement new friendship with king's visit

  05-10-2017 19:55 via yahoo.com
  By Vladimir Soldatkin and Katya GolubkovaMOSCOW (Reuters) - Russian President Vladimir Putin hosted Saudi Arabia's King Salman for talks at the Kremlin on Thursday, cementing a relationship that is pivotal for world oil prices and could decide the outcome of the conflict in Syria.King Salman, the first sitting Saudi monarch ever to visit Russia, led a delegation to Moscow that agreed joint investment deals worth several billion dollars, providing much-needed investment for a Russian economy batt
  
  Read more

• Iraq forces retake IS bastion Hawija

  05-10-2017 19:50 via yahoo.com
  Iraqi forces retook one of the Islamic State group's last two enclaves in the country on Thursday, overrunning the longtime insurgent bastion of Hawija after a two-week offensive.IS once held one-third of Iraqi territory but it has suffered loss after loss this year and now only controls a slither of land in the Euphrates Valley near the Syrian border."I announce the liberation of the city of Hawija," Prime Minister Haider al-Abadi told a news conference in Paris.
  
  Read more

• Study: Over half of for-profit students defaulted on loans

  05-10-2017 19:38 via yahoo.com
  WASHINGTON (AP) — Students who attended for-profit colleges were twice as likely or more to default on their loans than students who attended public schools, according to a federal study published Thursday.
  
  Read more

• Buyout funds use minority stake sales to show off best assets

  05-10-2017 19:32
  LONDON (Reuters) - Private equity funds are increasingly selling minority stakes in investments to pension and sovereign wealth funds as they strive to deliver returns for investors while holding...
  
  Read more

• Niger Ambush Highlights Growing U.S. Military Involvement in Africa

  05-10-2017 19:30 via yahoo.com
  As American drone bases sprout up across the continent, special operations forces push out.
  
  Read more

• Syria fighting worst since Aleppo, air strikes deadly: aid agencies

  05-10-2017 19:26 via yahoo.com
  By Stephanie NebehayGENEVA (Reuters) - Syria is in the throes of its worst fighting since the battle for eastern Aleppo last year, with heavy air strikes causing hundreds of civilian casualties, aid agencies said on Thursday.Hospitals, schools and people fleeing violence have been "targeted by direct air strikes" that may amount to war crimes, the United Nations said, without apportioning blame.Russia and a U.S.-led coalition are carrying out separate air strikes in Syria ostensibly aimed at def
  
  Read more

• ACLU challenges detention of American captured in Syria

  05-10-2017 19:25 via yahoo.com
  WASHINGTON (AP) — The American Civil Liberties Union on Thursday challenged the detention of a U.S. citizen who was picked up on the Syrian battlefield for allegedly fighting with Islamic State militants. The Pentagon insisted it was holding the man legally.
  
  Read more

• U.S. court reverses ban on sale of Regeneron, Sanofi cholesterol drug

  05-10-2017 19:18 via yahoo.com
  A U.S. appeals court on Thursday threw out a ban on the sale ofRegeneron Pharmaceuticals Inc and Sanofi SA's cholesterol-lowering drug Praluent, and ordered a new trial after finding a jury was given improper instructions.The ruling from the U.S. Court of Appeals for the Federal Circuit in Washington was a setback for Amgen Inc, which claimed Praluent infringed patents on its rival drug, Repatha, and had won the sales ban after a jury trial.
  
  Read more

• TransCanada abandons Canada east-west pipeline bid

  05-10-2017 19:11 via yahoo.com
  TransCanada announced Thursday it was abandoning its bid to build an east-west pipeline that would have moved crude from Alberta's oil sands to refineries on Canada's Atlantic coast.The 4,500-kilometer (2,800-mile) Energy East pipeline, which would have carried 1.1 million barrels of oil per day, had presented an opportunity to wean Canada off foreign oil as refineries in eastern Quebec and New Brunswick rely mostly on imports.
  
  Read more

• 'What Trump is doing is pure evil': Thousands scramble to keep DACA protection as extension deadline expires

  05-10-2017 19:09 via yahoo.com
  In the morning at CARECEN, a legal and immigration aid clinic in Los Angeles, people waited nervously for help with their Deferred Action for Childhood Arrivals (DACA) permit renewals – looking to avoid the state of limbo President Donald Trump is about to throw them into.Mr Trump's recent rescinding of the Barack Obama-created DACA programme – which offered a route into work and education and protection from deportation – has brought chaos to the lives of the 800,000 DACA reci
  
  Read more

• Saudi king, Putin clinch billion-dollar energy, arms deals on landmark Russia visit

  05-10-2017 18:51 via yahoo.com
  Saudi Arabia's King Salman, on a landmark visit to Russia, andPresident Vladimir Putin on Thursday signed a slew of arms and energy deals as the key US ally seeks to deepen cooperation with Moscow.The leaders of the world's largest energy exporters discussed an extension of an OPEC agreement to cap oil output and oversaw the signing of deals which officials said were worth billions of dollars.Saudi Arabia signed preliminary agreements to buy Russia's S-400 air defence systems and anti-tank guide
  
  Read more

• Row over Pakistani paramilitary unit fuels political confusion

  05-10-2017 18:48 via yahoo.com
  By SaadSayeedISLAMABAD (Reuters) - An unexplained dispute between Pakistan's interior minister and an elite paramilitary unit under his command is adding to political confusion in Islamabad, prompting questions about a rift in ties between civilian leaders and the powerful military.The spat comes at a moment of heightened concern over the feverish political climate in nuclear-armed Pakistan, which the United States seeks to include in its new strategy for South Asia.Interior Minister Ashan Iqbal
  
  Read more

• Man Claiming To Be From The Year 2048 Says He's Back With A Dire Warning

  05-10-2017 18:29 via yahoo.com
  A Wyoming man accused of public intoxication allegedly told police he traveled from the year 2048 to warn mankind of an impending invasion by extraterrestrials.
  
  Read more

• Amnesty: Europe returning more Afghans despite violence

  05-10-2017 18:28 via yahoo.com
  KABUL, Afghanistan (AP) — European countries are returning many more Afghan asylum seekers to their homeland even as violence in the war-torn country escalates, Amnesty International said in a new report Thursday.
  
  Read more

• Bright Forecasts: First jobs of weather gurus

  05-10-2017 18:19
  NEW YORK (Reuters) - Looking at the weather and other natural phenomena these days, it seems the only thing that has yet to occur is a plague of locusts.
  
  Read more

• Fall is right time to rethink your Medicare drug plan options

  05-10-2017 18:15
  CHICAGO (Reuters) - Forewarned is forearmed - and for U.S. seniors, the warning just arrived in the mail.
  
  Read more

• Las Vegas victim shot in leg stands when President Trump visits hospital

  05-10-2017 18:11 via yahoo.com
  A man shot in the leg during the Las Vegas massacre on Sunday found the strength to stand for President Trump when he visited recovering victims in the hospital earlier this week.
  
  Read more

• Bell Pottinger partner emerges at London PR rival

  05-10-2017 18:04
  Lansons has poached a former partner from the disgraced public relations firm
  
  Read more

• Trump administration says transgender workers are not protected by anti-discrimination law

  05-10-2017 17:53 via yahoo.com
  The Justice Department has announced that an anti-discrimination law does not protect transgender workers, potentially opening people up to discrimination in the workplace because of their gender identity.It is the latest announcement by the Trump administration that specifically targets transgender people.Earlier this year, Donald Trump signed a directive reinstating a ban on transgender individuals from serving in the military.
  
  Read more

• After Las Vegas massacre, 'bump stock' is hot item at U.S. gun shops

  05-10-2017 17:53 via yahoo.com
  For more than a year, the Georgia Gun Store in Gainesville, Georgia, had no requests for a "bump stock" – an accessory that transforms a semi-automatic rifle into a weapon capable of firing hundreds of rounds a minute.
  
  Read more

Follow @FinanceUSA_News on Twitter!