Finance news

• Venezuela's Maduro offers few fresh ideas as economy circles drain

  14-01-2019 23:54 via news.yahoo.com
  After promising ambitious economic measures ahead of Monday's speech, Maduro's proposals included a 300 percent minimum wage hike, dialogue with business leaders, and increased use of an inexistent state-backed cryptocurrency.There is nothing there that allows one to think that Venezuela will exit the deep crisis it's experiencing," said Asdrubal Oliveros, director of Caracas-based consultancy Ecoanalitica, on Twitter.The socialist government, they say, funds wage hikes by increasing the country
  
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• Trump’s latest judicial nominee says rape victims are partly responsible if they have been drinking

  14-01-2019 23:51 via news.yahoo.com
  Donald Trump’s judicial nominee for a lifelong appointment to one of the nation’s most powerful courts, has stirred controversy over her apparent views surrounding sexual assault victims, among other legal issues.Neomi Rao, who would replace Supreme Court Justice Brett Kavanaugh on the US Circuity Court of Appeals for the DC Circuit, has never been a judge, though she previously worked for the Senate Judiciary Committee and currently serves the White House as the administrator of the
  
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• Erdogan, Trump consider creating security zone in Syria

  14-01-2019 23:50 via news.yahoo.com
  Turkey's President Recep Tayyip Erdogan and US counterpart Donald Trump mooted Monday the creation of a "security zone" in northern Syria as tensions rose over the fate of Kurdish fighters in the war-torn country.In a telephone conversation, the leaders "discussed the idea of creating a security zone cleared of terrorism in the north of the country," the Turkish presidency said in a statement.This came after Turkey vowed it "will not be intimidated" by Trump's threats of economic devastation if
  
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• McConnell Denounces Steve King’s NYT Remarks

  14-01-2019 23:47 via news.yahoo.com
  Senate majority leader Mitch McConnell on Monday became the latest Republican lawmaker to speak out against comments made by Representative Steve King last week expressing bafflement that “white supremacy” had become an offensive term.“Rep. King’s statements are unwelcome and unworthy of his elected position,” McConnell told the Washington Post.“I have no tolerance for such positions and those who espouse these views are not supporters of American ideals
  
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• Trump's evolving foreign policy challenges top US diplomat

  14-01-2019 23:45 via news.yahoo.com
  RIYADH, Saudi Arabia (AP) — If Mike Pompeo was surprised, he didn't show it. But the secretary of state had woken up in the capital of Saudi Arabia on Monday to find that President Donald Trump had tweeted a threat to NATO ally Turkey warning of economic harm should the Turks attack U.S.-backed rebel forces in Syria.
  
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• New York Pastor`s Son Charged with Raping His Teenage Daughter

  14-01-2019 23:45 via news.yahoo.com
  Community members are demanding the Progressive Baptist Church be shut down after the Bishop`s son was arrested for allegedly raping his daughter on church property.
  
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• Latest: California governor urges end to LA teacher strike

  14-01-2019 23:37 via news.yahoo.com
  LOS ANGELES (AP) — The Latest on a strike by Los Angeles teachers (all times local):
  
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• Farmers Are Playing the Long Game With Trump, Even as Woes Build Up

  14-01-2019 23:29 via news.yahoo.com
  Speaking before the American Farm Bureau in New Orleans Monday, Trump drew applause and cheers as he lobbied for a border wall, while telling the audience that he’ll make it “easier” for migrants to work on farms.Meanwhile, the partial government shutdown, the longest ever in U.S. history, has disrupted some aid payments that were meant to help ease the trade war’s blow.Before the speech, Trump tweeted he was "getting ready to address the Farm Convention today in Nashvill
  
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• Calif. diocese releases names of alleged abusers

  14-01-2019 23:28 via news.yahoo.com
  A San Francisco Bay-area Roman Catholic diocese has released a list of 39 priests and deacons who church leaders say have been credibly accused of sexual abuse. Bishop Robert Vasa of the Santa Rosa Diocese commented on the list Monday. (Jan. 14)
  
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• Trump defends trade policies to farmers, vows fair deal with China

  14-01-2019 23:23 via news.yahoo.com
  Trump dedicated much of his speech to explaining why the U.S. needs a wall on its southern border in his second consecutive visit to the American Farm Bureau Federation's annual convention.U.S. farmers, numbering some 3.2 million, have been reliable Trump supporters, despite struggling financially since Beijing imposed a tariff on imports of U.S. soybeans in July in retaliation for Trump's tariffs on Chinese goods.China has also implemented duties on other U.S. farm goods, including pork and gra
  
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• US car buyers swerve away from compact cars, sedans

  14-01-2019 23:22 via news.yahoo.com
  A persistent question shadowed all of the shiny new vehicles and highly-produced, glitzy debuts at the Detroit auto show this week: Where are the sedans?Volkswagen was among the few to trumpet a new sedan -- those compact and mid-sized cars that shuttled generations of American children to school in the morning and soccer practice in the afternoon.The middle-class sedan -- as opposed to luxury brands and high-performance sports cars -- is hard to find this week on the Detroit auto show's floor,
  
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• Gunman in Chicago Murder of Hadiya Pendleton Sentenced to 84 Years in Prison

  14-01-2019 23:22 via news.yahoo.com
  A Cook County judge has sentenced the convicted gunman in the Hadiya Pendleton murder to 84 years in prison.
  
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• California college student found dead, fraternity suspended

  14-01-2019 23:10 via news.yahoo.com
  IRVINE, Calif. (AP) — A Southern California college student has been found dead in a home near campus and his fraternity has been suspended, authorities said Monday.
  
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• In Lebanon, U.S. State Department official calls Hezbollah 'unacceptable'

  14-01-2019 23:07 via news.yahoo.com
  The U.S. State Department criticized Lebanon's Iran-backed Hezbollah group on Monday for digging tunnels into Israel and stockpiling rockets, as Washington steps up efforts to isolate Tehran.In recent weeks, Israeli forces uncovered tunnels they said were dug by Hezbollah, and Lebanon complained about Israel's construction of a barrier along disputed parts of the border.The United States, Israel's closest ally, regards Hezbollah as a terrorist group and has pledged tougher steps to counteract Ir
  
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• Adreannia Donaldson charged in fatal crash that killed 1-year-old Amari Glenn

  14-01-2019 23:02 via news.yahoo.com
  A 29-year-old woman was charged Saturday in the fatal crash that killed Amari Glenn, who was ejected from the vehicle the woman was driving.
  
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• Los Angeles teachers strike, claiming 'existential battle' over schools

  14-01-2019 22:57 via news.yahoo.com
  More than 30,000 Los Angeles teachers demanding pay raises and smaller classes walked off the job in America's second-largest school system on Monday, marching downtown in the rain after negotiations over a new contract broke down.Students arriving for classes at some 900 campuses across the Los Angeles Unified School District (LAUSD) were met by their teachers carrying picket signs in the city's first teachers' strike in three decades."It's an existential battle for the future of public educati
  
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• Fraternity suspended after student dies at off-campus home

  14-01-2019 22:56 via news.yahoo.com
  Police were called to the off-campus home early Sunday morning, but there are still few details about Noah Domingo's death.
  
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• Jayme Closs case: Suspect Jake Patterson 'saw her on school bus' and decided to snatch teenager

  14-01-2019 22:55 via news.yahoo.com
  A Wisconsin man accused of killing a 13-year-old girl's parents so he could kidnap her allegedly made up his mind to snatch her after he spotted her getting onto a school bus.   Jake Patterson, 21, told detectives he planned his crime methodically after watching Jayme Closs board her school bus while driving to work one day, according to a criminal complaint filed on Monday.  Mr Patterson did not even know the teenagers name until he abducted her, the complaint said.  He faces cha
  
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• Detroit show has SUVs, horsepower, but electric cars are few

  14-01-2019 22:50 via news.yahoo.com
  DETROIT (AP) — Automakers have promised to start selling hordes of electric cars in the next few years, but only two will be unveiled at the big Detroit auto show that kicks off this week — and those aren't even ready for production.
  
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• New Three-Row 2020 Cadillac XT6 Joins Contemporary Competitors

  14-01-2019 22:48 via news.yahoo.com
  Until now, anyone who wanted a Cadillac that could seat more than five had to go big—really big—and get the full-sized truck-based Escalade. Shoppers looking for luxury midsized seven-seaters had...
  
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• Newmont buys Goldcorp to create world's top gold company

  14-01-2019 22:40 via news.yahoo.com
  US gold miner Newmont Mining Corporation said in a statement Monday it was buying Canadian rival Goldcorp Inc for $10 billion, creating the world's largest gold mining company.Colorado-based Newmont said it would buy all of Goldcorp's outstanding common shares in a stock-for-stock transaction, acquiring each share for 0.3280 of a Newmont share, "which represents a 17 percent premium based on the companies’ 20-day volume weighted average share prices," a company statement read.The industry
  
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• Trump Asks Turkish President Not to ‘Mistreat’ Kurdish Forces

  14-01-2019 22:30 via news.yahoo.com
  President Trump urged the president of Turkey in a phone call Monday not to “mistreat” Kurdish forces who have fought alongside U.S. troops against the Islamic State.“The President expressed the desire to work together to address Turkey’s security concerns in northeast Syria while stressing the importance to the United States that Turkey does not mistreat the Kurds and other Syrian Democratic Forces with whom we have fought to defeat ISIS,” read a statement from Whi
  
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• AP sources: Gillibrand moving toward 2020 bid in coming days

  14-01-2019 22:23 via news.yahoo.com
  WASHINGTON (AP) — Sen. Kirsten Gillibrand is expected to move toward launching a 2020 presidential campaign within days by forming an exploratory committee, according to several people familiar with her plans.
  
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• Massive US teachers' strike affects half million pupils

  14-01-2019 22:19 via news.yahoo.com
  More than 30,000 public school teachers in Los Angeles walked off the job on Monday to press their demands for better pay, smaller class sizes and more educators.The strike -- the first in 30 years -- is affecting some 500,000 students in the nation's second largest school district, with intense negotiations in past weeks failing to lead to a breakthrough."Here we are on a rainy day in the richest country in the world, in the richest state in the country, in a state that's blue (Democrat) as it
  
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• 'Bolsonaro is Hitler!' Venezuela's Maduro exclaims amid Brazil spat

  14-01-2019 22:17 via news.yahoo.com
  Venezuelan President Nicolas Maduro on Monday called Brazilian President Jair Bolsonaro a modern Adolf Hitler, days after Brasilia officially recognized an opposition leader as the legitimate head of the increasingly isolated country.Brazil on Saturday said it recognized Juan Guaido, head of Venezuela's opposition-run Congress, as legitimate president after Maduro was sworn in to a second term that countries around the world described as illegitimate.
  
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• Lindsey Graham ‘hell-bent’ on replacing Ruth Bader Ginsburg despite Supreme Court saying she is 'cancer free'

  14-01-2019 22:16 via news.yahoo.com
  Supreme Court Justice Ruth Bader Ginsburg has said she doesn't plan on retiring before the presidential election in 2020 — but Republicans appear to have other ideas.Donald Trump’s White House and close allies have begun preparing for her replacement, with senior Republicans like Senator Lindsey Graham saying he will be “hell-bent” on replacing the notorious liberal justice with a conservative upon her departure — a move that could radically shift the balance of the
  
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• Kidnapping suspect watched 13-year-old as she got on bus

  14-01-2019 22:14 via news.yahoo.com
  BARRON, Wis. (AP) — A Wisconsin man suspected of abducting a 13-year-old girl made up his mind to take the teen when he spotted her getting on a school bus, and he made two aborted trips to her family's home before finally carrying out an attack in which he killed Jayme Closs' mother in front of her, according to a criminal complaint filed Monday.
  
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• Democrat unveils resolution to censure Steve King over white nationalism comments

  14-01-2019 22:11 via news.yahoo.com
  A Democratic lawmaker said he intends to propose a resolution to formally censure Rep. Steve King over the Iowa Republican's comments on white nationalism.
  
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• Trump denies ever working for Russia, blasts investigators

  14-01-2019 22:05 via news.yahoo.com
  WASHINGTON (AP) — President Donald Trump on Monday denied he ever worked for Russia against U.S. interests, addressing an extraordinary question that has haunted his presidency and shows no sign of going away.
  
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• William Barr: Trump’s attorney general nominee to defend Mueller probe in testimony after attacking it in Justice Department memos

  14-01-2019 22:01 via news.yahoo.com
  Donald Trump’s nominee for attorney general will tell Senators at his confirmation hearing “it is vitally important” that Special Counsel Robert Mueller be allowed to complete his Russia investigation.William Barr is scheduled to face questions from the Senate Judiciary Committee on Tuesday, which will include his views on the special counsel’s probe into Russian election medlling and potential coordination between Moscow and the president’s 2016 campaign.Mr Barr wi
  
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• Venezuela's Maduro hikes minimum wage as economy struggles

  14-01-2019 21:58 via news.yahoo.com
  Venezuelan President Nicolas Maduro on Monday raised the minimum wage by 300 percent to 18,000 bolivars per month, around $6.70, as part of routine wage hikes in an economy suffering from annual inflation approaching 2 million percent.Maduro announced the move in a speech in Caracas.Sworn in for a six-year term on Jan. 10, Maduro has faced growing international sanctions since winning re-election last May in a vote widely considered fraudulent.
  
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• Ford, VW promise more details on auto giants' alliance

  14-01-2019 21:49 via news.yahoo.com
  Volkswagen's CEO confirms Ford and VW will work together on commercial vehicles. 'Too early' to tell more.
  
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• GM electric vehicle strategy last chance for Cadillac's success - executive

  14-01-2019 21:47 via news.yahoo.com
  General Motors Co'sstrategy to make its luxury Cadillac marque its lead electric vehicle brand is the automaker's final opportunity to turn the unit around and make it a success, a top executive said on Monday."We don't have any chances left with taking Cadillac to a really new place," newly appointed GM President Mark Reuss told Reuters on the sidelines of the Detroit auto show.In a move first reported by Reuters, GM said on Friday that a Cadillac would be the first vehicle built on the No. 1 U
  
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• Pompeo on diplomatic tightrope in Saudi talks over Khashoggi murder

  14-01-2019 21:44 via news.yahoo.com
  US Secretary of State Mike Pompeo faced a tough balancing act Monday as he pressed Saudi Arabia's crown prince over critic Jamal Khashoggi's murder while shoring up strategic ties with Riyadh.The top US diplomat, on an extensive Middle East tour, held talks with King Salman and his son Crown Prince Mohammed bin Salman, which also focused on the conflict in Yemen and countering threats from Iran.
  
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• Trump: 'I never worked for Russia'

  14-01-2019 21:42 via news.yahoo.com
  Trump also disputed a Washington Post report that he had concealed details about his meetings with Russian President Vladimir Putin and confiscated his interpreter's notes.Congressional Democrats raised the possibility of subpoenaing the translator.The New York Times reported on Friday that the FBI opened the investigation after Trump's firing of FBI Director James Comey raised concerns that the president posed a threat tonational security.
  
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• Trump a Russian agent? 'Never,' he says

  14-01-2019 21:42 via news.yahoo.com
  Standing outside the snow-covered White House on Monday, Donald Trump made an astonishing declaration for a US president: no, he has never been an agent of Russia."I never worked for Russia," Trump told reporters on the South Lawn.Trump's angry comments sought to bat down a mounting controversy over his alleged ties to the Kremlin, but the fact that he even had to issue such a denial illustrates how far the unprecedented scandal has already gone.
  
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• Take a second look, Britain's May urges lawmakers before Brexit vote

  14-01-2019 21:36 via news.yahoo.com
  The fate of the United Kingdom's March 29 exit from the EU is in the balance before Tuesday when parliament is widely expected to vote against May's deal, opening up outcomes ranging from a disorderly divorce to reversing Brexit.May used a speech at a china factory in the leave-supporting city of Stoke-on-Trent in central England to say that lawmakers blocking Brexit altogether was now a more likely outcome than Britain leaving without a deal.
  
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• The Latest: Lawmaker says customers, wildfire victims lose

  14-01-2019 21:33 via news.yahoo.com
  SAN FRANCISCO (AP) — The Latest on utility PG&E seeking bankruptcy protection (all times local):
  
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• Man charged for chasing 14-year-old who allegedly caused deadly wreck in north Houston

  14-01-2019 21:33 via news.yahoo.com
  A man accused of chasing a teen who allegedly damaged his car with eggs and caused a deadly wreck has been charged.
  
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• Maduro accuses opposition of staging arrest of parliament president

  14-01-2019 21:30 via news.yahoo.com
  Venezuelan President Nicolas Maduro accused his opponents Monday of staging the arrest of parliament president Juan Guaido by intelligence service agents.Guaido was detained for around an hour after SEBIN agents stopped his car on a highway outside the capital Caracas, picking him up as he traveled to a political rally in a nearby town."Ah, what a coincidence! A camera perfectly placed... professional, which caught the moment the deputy... was detained in a strange event," said Maduro, speaking
  
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• Jayme Closs update: Charging documents reveal suspect's tactics, horrific new details

  14-01-2019 21:30 via news.yahoo.com
  The man suspected of kidnapping a Wisconsin teenager and killing her parents is expected to appear in court Monday, and the charging documents have revealed new details about how he hatched and carried out his kidnapping plan.
  
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• U.S. government shutdown drags into fourth week amid stalemate

  14-01-2019 21:29 via news.yahoo.com
  At a speech to an American Farm Bureau convention in New Orleans, Trump again urged Congress to grant him the money, saying drones, sensors and other technology cannot do what a wall can do to stop illegal border crossings.Farmers, a key bloc of Trump supporters, have been hit by the shutdown as federal loan and farm aid applications have stalled and key farming and crop data has been delayed."If you want to help farmers, re-open the government," Senate Democratic Leader Chuck Schumer said in a
  
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• Witness at US trial says El Chapo wanted informant killed

  14-01-2019 21:28 via news.yahoo.com
  NEW YORK (AP) — To cohabitate with Mexican drug lord Joaquin "El Chapo" Guzman was to see his excitement about the prospect of getting his life story on film, to evade the soldiers hunting him at a moment's notice and to hear him order the killing of an informant, a witness testified Monday at Guzman's U.S. trial.
  
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• Donald Trump defends government shutdown to convention of hard-hit farmers

  14-01-2019 21:28 via news.yahoo.com
  Trump spoke to the American Farm Bureau Federation, some members of which have had trouble getting loans since the shutdown began.
  
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• Jayme Closs kidnapping suspect Jake Patterson due in court today

  14-01-2019 21:19 via news.yahoo.com
  A young man suspected of killing a Wisconsin couple, kidnapping their teenage daughter and holding the girl against her will for three months is expected to make his first court appearance today.
  
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• Impact of public opinion on shutdown showdown as polls show support for a border wall trending upward

  14-01-2019 21:17 via news.yahoo.com
  Republicans and Democrats put their own spin on a pair of recent polls about the government shutdown; insight from Republican pollster Kristen Soltis Anderson, Washington Examiner contributor and author of 'The Selfie Vote.'
  
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• Government shutdown - live: Trump sued by federal workers as international airport terminal closed amid growing chaos

  14-01-2019 21:17 via news.yahoo.com
  Donald Trump’s administration is being sued by federal employees as the ongoing government shutdown continued to wreak havoc across the country, having prompted the closure of a major international airport terminal.Employees at US customs and border protection, the bureau of prisons and federal aviation administration had already filed lawsuits but a new case has now invoked the 13th Amendment, which abolished slavery and involuntary servitude.Four plaintiffs, three who work for the depart
  
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• Three children dead after being 'trapped in freezer' in Florida

  14-01-2019 21:16 via news.yahoo.com
  The bodies of three children – aged 1, 4 and 6 —have been discovered in a chest freezer left outside a home in Suwanee County, Florida.Deputies from the Suwannee Country Sheriff's Office said they responded to a 911 call at a residence where three children were found not breathing.Adults were reportedly performing CPR on the children when the deputies arrived at the scene.
  
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