Finance news

• Mattis resignation letter lays out challenges for successor

  21-12-2018 23:45 via news.yahoo.com
  WASHINGTON (AP) — The extraordinary resignation letter that Defense Secretary Jim Mattis handed to a surprised President Donald Trump was not just a product of two years of accumulating frustration with an impulsive boss, but an outline of the strategic hazards facing the next Pentagon chief.
  
  Read more

• 'The president needs to go to Afghanistan,' Sen. Graham says as GOP alarm grows over Trump foreign policy

  21-12-2018 23:38 via news.yahoo.com
  Senior GOP lawmakers voiced concern over Trump's abrupt decision to withdraw U.S. troops from Syria, retreat from Afghanistan, and Mattis' departure.
  
  Read more

• China national charged with stealing trade secrets: U.S. Justice Dept

  21-12-2018 23:32 via news.yahoo.com
  The U.S. Justice Department said on Friday a Chinese national had been arrested for stealing trade secrets from a U.S.-based petroleum company, his employer, related to a product worth more than $1 billion.The department alleged Hongjin Tan downloaded hundreds of files related to the manufacture of a "research and development downstream energy market product," which he planned to use to benefit a company in China that had offered him a job.Tan's LinkedIn page said he has worked as a staff scient
  
  Read more

• Bloomberg: Facebook’s Bitcoin rival will be used for WhatsApp money transfers

  21-12-2018 23:32 via news.yahoo.com
  Back in May, while most Facebook-related reports still talked about the then-recent Cambridge Analytica scandal, Facebook quietly confirmed that a new unit led by former Messenger chief David Marcus would explore blockchain technologies.At the time, we wondered whether Facebook was developing its own Bitcoin rival -- a cryptocurrency that could be used inside its own products. A brand new report now says that Facebook is indeed planning to use crypto for payments inside the immensely popular Wha
  
  Read more

• Advertisement

• Dancing FBI agent who shot man at Denver bar pleads guilty

  21-12-2018 23:23 via news.yahoo.com
  An FBI agent who accidentally shot a man in the leg after doing a backflip at a Denver bar will avoid jail after pleading guilty to third-degree assault.
  
  Read more

• U.S. government shutdown looms as lawmakers seek last-minute compromise

  21-12-2018 23:12 via news.yahoo.com
  President Donald Trump said on Friday there was a good chance the Senate would not approve his demand for $5 billion towards funding his long-demanded border wall and that there probably would be a partial U.S. government shutdown at midnight.Lawmakers scrambled to find an 11th-hour solution to avert the potential shutdown, meeting with Vice President Mike Pence and senior White House officials.Negotiators in the Senate were discussing legislation that would include $1.6 billion in border securi
  
  Read more

• Princess Eugenie on how she came to be ‘very proud’ of her scoliosis scar

  21-12-2018 23:00 via news.yahoo.com
  Christmas Charity Appeal 2018 banner When the world watched Princess Eugenie walk down the aisle of St George’s Chapel in October, they bore witness to more than just a love story. As the bride made her way towards her fiance, Jack Brooksbank, she was also making a powerful statement with each step. Her Christopher de Vos and Peter Pilotto gown, with its folded neckline and full skirt, had been deliberately designed with an open back in the shape of a deep-V to show off, rather than hide,
  
  Read more

• Photos of the week: 12/14 - 12/21

  21-12-2018 23:00 via news.yahoo.com
  U.S. Defense Secretary Jim Mattis abruptly announced his resignation this
  
  Read more

• Advertisement

• Factbox: Past Nasdaq bear markets lasted long and cut deep

  21-12-2018 23:00
  On Friday, the Nasdaq Compositeclosed almost 22 percent below its record high daily close on Aug. 29, signaling a nearly nine-and-a-half year bull market run for the index ended in late summer.
  
  Read more

• Supreme Court deals Trump another immigration setback

  21-12-2018 22:51 via news.yahoo.com
  The Supreme Court dealt President Donald Trump's attempt to crack down on illegal immigration a blow Friday when it rejected a White House bid to implement his asylum ban on Central Americans.The high court declined to overturn a block placed by the San Francisco federal appeals court on Trump's executive order to automatically reject asylum requests from migrants crossing the US border from Mexico.The court made no comment in its ruling, but noted that four of the nine justices were in favor of
  
  Read more

• Here's How a Government Shutdown Could Affect Your Holiday Travel Plans

  21-12-2018 22:51 via news.yahoo.com
  Here's what you should know about how a government shutdown may affect your holiday travel
  
  Read more

• 'Down, down, down': Stocks sink as rate fears, shutdown gloom push Nasdaq into bear market

  21-12-2018 22:51 via news.yahoo.com
  Stocks dropped again on Friday, capping a devastating week as investors succumbed to fears of rising rates, slowing growth and a looming shutdown.
  
  Read more

• Goldman Sachs CEO defends bank in 1MDB scandal

  21-12-2018 22:49 via news.yahoo.com
  The head of Goldman Sachs defended the investment bank's handling of the scandal-plagued Malaysian fund 1MDB on Friday, saying much criticism of the financial giant was unfair."I cannot stress enough how integrity is a cornerstone of our culture," newly-installed Chief Executive David Solomon said in a year-end message to employees.Goldman helped 1MDB to issue $6.5 billion of bonds but Kuala Lumpur accuses the bank and its former employees of misappropriating $2.7 billion during the process.
  
  Read more

• Factbox: Outgoing Pentagon chief Mattis was often at odds with Trump

  21-12-2018 22:44 via news.yahoo.com
  U.S. Defense Secretary Jim Mattis will quit in February after falling out with Donald Trump over the president's foreign policies, including the surprise decision this week to pull troops out of Syria and plan a drawdown in Afghanistan.Mattis, a retired Marine general who embraced NATO and America's traditional alliances, laid bare his division with the president in a resignation letter that underscored what have been a litany of differences with Trump, albeit without public attacks.The followin
  
  Read more

• Details of Ex-Canada Diplomat's Detention in China Revealed

  21-12-2018 22:43 via news.yahoo.com
  The conditions are among the first details of Michael Kovrig’s detention since the International Crisis Group senior adviser was taken into custody by China’s spy agency on Dec. 10.The case -- along with that of another Canadian citizen detained on the same day -- have plunged Canada’s ties with its second-largest trading partner into crisis.“We are deeply concerned by the arbitrary detention by Chinese authorities of two Canadians earlier this month and call for their im
  
  Read more

• Schumer Tells Pence Senate Won't Support Wall: Shutdown Update

  21-12-2018 22:42 via news.yahoo.com
  Chuck Schumer, the Senate’s top Democrat, told Vice President Mike Pence and other White House representatives that the chamber won’t vote to approve funding for the president’s proposed border wall, according to a Schumer spokesman.Schumer of New York told three of Trump’s most trusted advisers --Pence, White House budget director Mick Mulvaney and senior adviser Jared Kushner -- that proposals Democratic leaders previously made to avoid a shutdown remain on the table.
  
  Read more

• AT&T will soon put a misleading ‘5G E’ logo on 4G Android devices

  21-12-2018 22:41 via news.yahoo.com
  For anyone who thinks the smartphone market is saturated with devices that are virtually indistinguishable from each other, there's good news on the horizon. 5G is on the way and will eventually offer up mind-blowing data speeds that will make you wonder how you ever lived without it. A number of carriers are rolling out 5G networks but you'll have to wait a while until 5G-equipped smartphones are available for purchase. Further, there's a good chance you'll have to wait until 5G coverage is exp
  
  Read more

• UBS to pay US states $68M in rate manipulation settlement

  21-12-2018 22:38 via news.yahoo.com
  HARTFORD, Conn. (AP) — Swiss bank UBS has agreed to pay $68 million to settle a multistate investigation into the bank's role in manipulating an interest rate used to price everything from credit cards to mortgages, officials said Friday.
  
  Read more

• A border wall by any other name ... is steel slats?

  21-12-2018 22:20 via news.yahoo.com
  WASHINGTON (AP) — The "big beautiful wall" has now become "steel slats."
  
  Read more

• Graham calls for hearings on troops in Syria, Afghanistan

  21-12-2018 22:19 via news.yahoo.com
  The GOP senator on Friday called for immediate Senate hearings on President Trump's decision to withdraw all American troops from Syria.
  
  Read more

• Exclusive: City Financial's hedge fund Decca to shut down - letter

  21-12-2018 22:17
  London-based fund firm City Financial and the chief investment officer of its Decca Fund, Shahraab Ahmad, have decided to wind down the credit-focused strategy after it "did not deliver the...
  
  Read more

• Hedge fund Latimer Light says it is shutting down

  21-12-2018 22:11
  Hedge fund Latimer Light Capital, which specialized in picking stocks, is closing its doors, becoming the latest casualty in an industry pummeled by the recent stock market sell-off.
  
  Read more

• Top 10 Holiday travel destinations

  21-12-2018 21:54 via news.yahoo.com
  AAA has released its top 10 year-end travel destinations list for 2018. The list shows temperatures play a huge role in where people go.
  
  Read more

• Ariel Winter laughs off 'super-strict diet' rumors: 'I eat every carb possible'

  21-12-2018 21:54 via news.yahoo.com
  In the past, the "Modern Family" actress Ariel Winter has had to defend criticism about breast-reduction surgery and her clothes.
  
  Read more

• Trump call with Turkish leader led to US pullout from Syria

  21-12-2018 21:48 via news.yahoo.com
  WASHINGTON (AP) — President Donald Trump's decision to withdraw American troops from Syria was made hastily, without consulting his national security team or allies, and over strong objections from virtually everyone involved in the fight against the Islamic State group, according to U.S. and Turkish officials.
  
  Read more

• Supreme Court rejects Trump plea to enforce asylum ban

  21-12-2018 21:45 via news.yahoo.com
  WASHINGTON (AP) — A divided Supreme Court won't let the Trump administration begin enforcing a ban on asylum for any immigrants who illegally cross the U.S.-Mexico border.
  
  Read more

• Police Think Missing Colorado Woman Was Likely Killed At Her Home

  21-12-2018 21:44 via news.yahoo.com
  A woman who went missing in Colorado after Thanksgiving was likely killed at her home, according to police.
  
  Read more

• Goldman Sachs CEO to employees: our compliance is strong

  21-12-2018 21:44
  Goldman Sachs Group Inc Chief Executive David Solomon on Friday defended the bank against criticism of its compliance and oversight related to dealings with the sovereign wealth fund 1MDB, according...
  
  Read more

• James Mattis exits, along with the guardrails for Donald Trump's foreign policy

  21-12-2018 21:43 via news.yahoo.com
  Defense secretary and president have clashing world views. Mattis believes in respecting allies and confronting authoritarians: Our view
  
  Read more

• U.S. plan to keep asylum seekers in Mexico sows confusion

  21-12-2018 21:39 via news.yahoo.com
  Mexico's government said on Friday it wanted more details from the United States on the plan, and vowed not to deport people seeking refuge.It is not clear how Mexico plans to house what could be thousands of people from Central America for the months, or years, it takes U.S. immigration cases to be heard.There is currently a backlog of more than 800,000 cases pending in immigration courts.
  
  Read more

• Gatwick Resumes Flights After Drone Causes Brief Suspension

  21-12-2018 21:32 via news.yahoo.com
  The latest interruption came as authorities attempted to get operations back to normal after a pair of drones disrupted travel for more than 120,000 people over the course of 36 hours.When Gatwick restarted earlier Friday, authorities offered no guarantees that the mystery drones were gone, though steps had been taken to make the airport safe.Authorities have identified “persons of interest” who may have been responsible, said Steve Barry, a Sussex Police assistant chief constable, a
  
  Read more

• Trump Picks Shutdown Fight Just as His Leverage Is Dwindling

  21-12-2018 21:28 via news.yahoo.com
  Trump’s sudden decision to dig in against a Senate-passed stopgap spending bill that didn’t fund a border wall could shut down the government until at least Jan. 3, when Republicans lose control of the House and Democrat Nancy Pelosi is expected to become the House speaker.Trump’s stand on wall funding is being cheered by House Republicans, but Senate Republicans have been unsettled by the president’s decision this week to abandon the fight against the Islamic State terro
  
  Read more

• Trump's foreign policy in spotlight after military withdrawals

  21-12-2018 21:20 via news.yahoo.com
  US politicians and international allies scrambled Friday to make sense of President Donald Trump's momentous foreign policy decisions for Syria and Afghanistan -- epic reversals that prompted Defense Secretary Jim Mattis to quit.Trump's historic moves to pull out of Syria and slash troop numbers in Afghanistan run counter to years of US doctrine in the region, and set the stage for a cascading series of events that could well result in more bloodshed across a scarred region.While many Americans
  
  Read more

• Priest named in Pennsylvania church sex abuse probe jailed

  21-12-2018 21:17 via news.yahoo.com
  A Roman Catholic priest on Friday became the first person sentenced to prison as a result of a Pennsylvania grand jury investigation that found hundreds of clergy had abused children over seven decades.
  
  Read more

• Israeli army says Palestinian killed at West Bank roadblock

  21-12-2018 21:01 via news.yahoo.com
  JERUSALEM (AP) — The Israeli military on Friday confirmed shooting a Palestinian car passenger dead in the West Bank, while a second Palestinian teenager was killed in a weekly border demonstration in the Gaza Strip.
  
  Read more

• Merck KGaA-Pfizer to end late-stage ovarian cancer treatment study

  21-12-2018 20:59 via news.yahoo.com
  Merck KGaA and Pfizer Inc said on Friday they were ending a late-stage study for their drug to treat a form of ovarian cancer in previously untreated patients.The results showed the drug, Bavencio, in combination with, or as a follow-on treatment to, platinum-based chemotherapy could not achieve the primary goal of progression-fee survival in patients.Last year, Bavencio, or avelumab, failed to prolong lives in a separate trial to evaluate the immunotherapy in gastric cancer patients.
  
  Read more

• Policía de Alabama responsabiliza del aumento de homicidios a Satanás

  21-12-2018 20:58 via es-us.noticias.yahoo.com
  A small-town Alabama police department this week alleged Beelzebub is
  
  Read more

• Ford Recalls Full-Sized Pickup Trucks Due to Engine Fire Risk

  21-12-2018 20:57 via news.yahoo.com
  Ford is recalling 410,289 full-sized pickup trucks due to a risk of fire from an engine block heater. Water and contaminants may get into the block heater cable's connector and cause corrosion, a...
  
  Read more

• Three Palestinians killed by Israeli fire: Gaza medics

  21-12-2018 20:54 via news.yahoo.com
  Three Palestinians, including a 16-year-old, were killed on Friday by Israeli fire during protests and clashes along the Gaza border, health officials in the Hamas-run enclave said.Teenager Mohammed al-Jahjuh was "hit in the neck by a bullet (fired) by Israeli soldiers", ministry spokesman Ashraf al-Qudra told AFP.Abdelaziz Abu Sharia, 28, and Naher Yasin, 40, died from their wounds after being shot in separate incidents along the heavily fortified frontier with Israel, Qudra and a hospital offi
  
  Read more

• Pope urges predator priests to turn themselves in

  21-12-2018 20:42 via news.yahoo.com
  "To those who abuse minors I would say this: convert and hand yourself over to human justice, and prepare for divine justice," Francis said in his Christmas address to the Curia, the Vatican's central administration.This time, he concentrated on the global sexual abuse crisis.When the pope has made similar promises of zero tolerance in the past, victim groups have scoffed, saying the Church has to come up with a clear policy to make bishops themselves accountable for the mishandling of abuse cas
  
  Read more

• Justice Ruth Bader Ginsburg has malignant growths removed from lung, no signs of cancer remain

  21-12-2018 20:39 via news.yahoo.com
  Supreme Court Justice Ruth Bader Ginsburg has had cancerous growths removed from her lung. Doctors say no signs of cancer remain.
  
  Read more

• Eat avocados without washing them? That's an avoca-don't, FDA says

  21-12-2018 20:24 via news.yahoo.com
  The concern is that when you cut into an avocado, the knife could bring pathogens on the peel to the edible fleshy part.
  
  Read more

• SEC sanctions robo-advisers Wealthfront, Hedgeable

  21-12-2018 20:23
  The U.S. Securities and Exchange Commission said on Friday it had settled charges with automated investment management providers Wealthfront Advisers LLC and Hedgeable Inc to resolve allegations that...
  
  Read more

• Dozens of bodies 'found in IS mass grave' in Iraq

  21-12-2018 20:23 via news.yahoo.com
  Iraqi authorities said they uncovered a new mass grave containing the remains of dozens of people in an area of northern Kirkuk province once held by the Islamic State group.Security forces have discovered dozens of mass graves since they drove out IS in 2017 after three years of occupation of swathes of northern and western Iraq.The United Nations said in November that more than 200 mass graves containing up to 12,000 victims had been found in Iraq that could hold vital evidence of war crimes b
  
  Read more

• Israeli gunfire kills three Gazans during border protest: medics

  21-12-2018 20:22 via news.yahoo.com
  Israeli forces shot and killed three Palestinians, including a teenager, in the Gaza Strip during the latest of weekly protests along the border with Israel on Friday, Palestinian health officials said.About 8,000 Palestinians gathered near the border fence, the Israeli military said.Most kept their distance, while some burned tires and tried to throw an explosive device into Israel, though it did not land across the border, the military said.
  
  Read more

• Senator Graham calls for hearings on troops in Syria, Afghanistan

  21-12-2018 20:19 via news.yahoo.com
  Republican Senator Lindsey Graham on Friday called for immediate U.S. Senate hearings on President Donald Trump's decision to withdraw all American troops from Syria, which prompted the resignation of Defense Secretary Jim Mattis.Graham, a member of the Senate Armed Services Committee, told reporters he wanted to hear directly from Mattis at any hearing.Mattis announced plans on Thursday to depart in a candid resignation letter to Trump that laid bare the growing divide between them.
  
  Read more

• Schumer, McConnell joust over border wall, shutdown

  21-12-2018 20:17 via news.yahoo.com
  Schumer, McConnell joust over border wall, shutdown
  
  Read more

• GoFundMe for Trump's border wall has raised nearly $12M

  21-12-2018 20:11 via news.yahoo.com
  A Florida veteran has started a GoFundMe page to help pay for a wall at the United States border with Mexico.
  
  Read more

• No signed agreement with US on asylum seekers: Mexico

  21-12-2018 20:07 via news.yahoo.com
  There is no signed agreement allowing third-country migrants to stay in Mexico while their asylum applications are processed in the United States, Mexico's new foreign minister said Friday.Marcelo Ebrard spoke one day after US Homeland Security Secretary Kirstjen Nielsen said the Donald Trump administration will send migrants who cross the southern US border back to Mexico while their cases are being heard.
  
  Read more

• US Supreme Court Justice Ruth Bader Ginsburg has surgery to remove malignant growths

  21-12-2018 20:05 via news.yahoo.com
  The Supreme Court says Justice Ruth Bader Ginsburg had surgery to remove two malignant growths from her left lung.
  
  Read more

Follow @FinanceUSA_News on Twitter!