Finance news

• Media melts down after top intelligence officials contradict President Trump

  30-01-2019 23:57 via news.yahoo.com
  Trump's media critics go wild after intel chiefs contradict the president's statements on Iran, ISIS and North Korea during Senate testimony; reaction and analysis on 'The Five.'
  
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• Exclusive: Foxconn reconsidering plans to make LCD panels at Wisconsin plant

  30-01-2019 23:55 via news.yahoo.com
  Announced at a White House ceremony in 2017, the 20-million square foot campus marked the largest greenfield investment by a foreign-based company in U.S. history and was praised by President Donald Trump as proof of his ability to revive American manufacturing.Foxconn, which received controversial state and local incentives for the project, initially planned to manufacture advanced large screen displays for TVs and other consumer and professional products at the facility, which is under constru
  
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• 'Do Not Let Him Escape Responsibility.' Prosecutors End Closing Arguments in El Chapo Trial With a Plea

  30-01-2019 23:54 via news.yahoo.com
  "Hold him accountable for his crimes."
  
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• Get a Deal on Tax Prep Software and Services

  30-01-2019 23:52 via news.yahoo.com
  Tax season is just getting underway, but if you start preparing now, you may be able to grab some of the many benefits for early filers. Perks include money-saving promotions from do-it-yourself ...
  
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• Democratic White House hopeful Warren offers law barring first use of nukes

  30-01-2019 23:46 via news.yahoo.com
  Democratic presidential hopeful Senator Elizabeth Warren proposed legislation Wednesday that would bar the US government from using nuclear weapons first in a conflict.Warren, together with House legislator Adam Smith, submitted the No First Use Act to codify what they said most Americans support, that the United States should never initiate a nuclear conflict."Our current nuclear strategy is not just outdated -- it is dangerous, Warren and Smith said in a statement.
  
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• El Chapo prosecutor's closing argument: 'Mountain of evidence' proves guilt

  30-01-2019 23:45 via news.yahoo.com
  Prosecutors say Guzmán became one of the largest smugglers and sellers of Colombian-produced narcotics to the United States in the 1980s and 1990s.
  
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• Microsoft posts higher profits as cloud sales jump

  30-01-2019 23:37 via news.yahoo.com
  Tech giant Microsoft reported a 12pc increase in quarterly revenues thanks to growth in its fast-growing cloud computing division. The company posted $32.5bn (£24.8bn) in revenue in the second quarter, compared to $28.9bn a year ago. Profits reached $8.4bn, after a loss in the same period of last year due to a one-off tax charge. The Seattle-based company attributed its growth largely to its cloud offering Azure and Surface PC hardware. It also saw an increase in revenue from Lin
  
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• Warren Faults ‘Capitalism Without Rules’ in Pushing Wealth Tax

  30-01-2019 23:27 via news.yahoo.com
  “I believe in capitalism.Warren, who announced her exploratory committee for a 2020 presidential bid, pushed back on criticisms of her wealth tax proposal -- a 2 percent tax on household assets in excess of $50 million and a 3 percent tax on fortunes above $1 billion.
  
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• 'Roll up our sleeves and get to it': Lawmakers begin tough negotiations on border security

  30-01-2019 23:21 via news.yahoo.com
  Members of a bipartisan congressional committee working to negotiate a deal on border security expressed optimism at their first meeting on Wednesday.
  
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• Arctic air sends temperatures well below zero in midwest US

  30-01-2019 23:10 via news.yahoo.com
  A brutal cold wave brought temperatures lower than Antarctica to the American Midwest on Wednesday, grounding flights, closing schools and businesses and raising hypothermia fears for homeless residents.Mail deliveries were suspended and people encouraged to stay home in nearly a dozen US states where the mercury plunged into the negative double digits, the worst freeze to grip the region in a generation.US media attributed at least five deaths since the weekend to the freezing conditions and a
  
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• Kamala Harris could be the big winner as California moves up its 2020 primary

  30-01-2019 23:05 via news.yahoo.com
  Having already won three statewide elections, Harris will enter the California primary with name recognition.
  
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• Diplomatic envoy warns Maduro against imprisoning Guaido

  30-01-2019 23:01 via news.yahoo.com
  Carlos Alfredo Vecchio, Venezuela's new Charge d'Affaires appointed by Venezuela's self-proclaimed interim president Juan Guaido, met with U.S. lawmakers on the Senate Foreign Relations Committee on Capitol Hill on Wednesday to lay out Guaido's agenda and said if the Nicolas Maduro tries to incarcerate Guaido 'that will be the end of this regime'. Rough Cut (no reporter narration).
  
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• Colder than the South Pole: U.S. Midwest gripped by deep freeze

  30-01-2019 22:52 via news.yahoo.com
  A blast of polar air brought record-low temperatures to much of the U.S. Midwest on Wednesday, canceling trash pick-ups, halting the mail and forcing residents who pride themselves on their winter hardiness to huddle indoors.Classes were canceled for Wednesday and Thursday in many cities, including Chicago, home of the nation's third-largest school system, and police warned of the risk of accidents on icy highways.In a rare move, the U.S. Postal Service appeared to temporarily set aside its cred
  
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• 'Stay inside': Death toll up to 7 people as Arctic cold blasts Midwest, East

  30-01-2019 22:48 via news.yahoo.com
  Wind chill temperatures in dozens of towns across Minnesota and North Dakota plummeted to a starling 60 degrees below zero or less Tuesday and early Wednesday.
  
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• Senate judiciary chair requests FBI briefing on arrest of Trump ally

  30-01-2019 22:40 via news.yahoo.com
  The Republican chairman of the U.S. Senate judiciary panel on Wednesday requested a briefing from the FBI on the arrest of Roger Stone, a longtime associate of President Donald Trump, in an inquiry into Russian interference in the 2016 U.S. election.Senator Lindsey Graham said he was concerned about the number of agents involved, tactics employed and the timing of Stone's arrest on Friday in Florida.Special Counsel Robert Mueller is investigating U.S. allegations that Russia meddled in the elect
  
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• Israel leader scorned for wooing Holocaust-distorting allies

  30-01-2019 22:35 via news.yahoo.com
  JERUSALEM (AP) — Israeli Prime Minister Benjamin Netanyahu's warm welcome to Lithuania's prime minister marks his latest embrace of an eastern European leader who has offered strong political support while promoting a distorted image of the Holocaust.
  
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• Mexico, Spain discuss differing stances toward Venezuela

  30-01-2019 22:33 via news.yahoo.com
  MEXICO CITY (AP) — The leaders of Mexico and Spain said Wednesday they hope to be in a position to mediate a dialogue to resolve the political crisis in Venezuela, but also revealed differences in their approach.
  
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• Here's how to drive safely in cold weather as the polar vortex blankets US

  30-01-2019 22:28 via news.yahoo.com
  When the weather turns extremely cold, caused by a polar vortex or other conditions, here are tips for preparing for a trip and driving safely on ice.
  
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• Dow, stocks end higher after Federal Reserve signals patience on future interest rate hikes

  30-01-2019 22:24 via news.yahoo.com
  The Dow and other stock indexes closed higher after the Federal reserve signaled patience on future interest rate hikes.
  
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• US shivers as extreme cold invades, but is this climate change?

  30-01-2019 22:17 via news.yahoo.com
  An Arctic-like deep freeze gripping much of the United States with double-digit subzero temperatures is the coldest of its kind in two decades, but is it linked to climate change?Experts say it could be, but whether global warming plays a role in this particular extreme weather phenomenon is still up for debate.- What is a polar vortex?
  
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• Elizabeth Warren’s Wealth Tax on the Super-Rich Is the Wrong Solution to the Right Problem

  30-01-2019 22:16 via news.yahoo.com
  There is a simpler solution, and the Senator surely knows it
  
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• US talking to Venezuela's Maduro regime over embassy: envoy

  30-01-2019 22:12 via news.yahoo.com
  Despite declaring Venezuelan President Nicolas Maduro illegitimate, the United States has maintained contact with him to ensure the safety of the embassy, a US envoy on the crisis said Wednesday.Elliot Abrams, who was appointed last week after the United States recognized opposition leader Juan Guaido as interim president, said that Washington was sending a message that Maduro needed to protect the mission."We have contact with the de facto regime -- by which I mean the Maduro regime.
  
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• The Latest: Death toll from dam collapse rises to 99

  30-01-2019 22:03 via news.yahoo.com
  BRUMADINHO, Brazil (AP) — The Latest on the deadly collapse of a dam at a Brazil iron ore mining complex (all times local):
  
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• House OKs 2.6 percent pay raise for civilian federal workers

  30-01-2019 22:01 via news.yahoo.com
  WASHINGTON (AP) — The Democratic-controlled House on Wednesday approved a pay raise for civilian federal employees, a step that lawmakers said shows respect for a workforce that just endured a 35-day partial government shutdown.
  
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• Brr!: temperatures plunge well below zero in midwest US

  30-01-2019 21:37 via news.yahoo.com
  Bitter cold with temperatures lower than Antarctica gripped the American Midwest on Wednesday, grounding flights, closing schools and businesses and raising frostbite and hypothermia fears for homeless residents.Mail deliveries were suspended and people encouraged to stay home in nearly a dozen US states where the mercury plunged into the negative double digits, the worst freeze to grip the region in a generation.In Chicago, blocks of ice floated on the downtown river of America's third-largest
  
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• Shutdown casts pall on effort to help Oregon winegrowers

  30-01-2019 21:35 via news.yahoo.com
  TURNER, Ore. (AP) — Winegrowers in southern Oregon faced financial ruin after a California winemaker claimed wildfire smoke tainted their grapes and refused to buy them. Now, the rejected fruit that was turned into wine by local vintners is facing another setback.
  
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• Officials: Six dead as Arctic cold blankets the Midwest

  30-01-2019 21:34 via news.yahoo.com
  The coldest temperatures in three decades are affecting emergency response in Chicago; Mike Tobin reports.
  
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• U.S. Debt Sales Hit Records Again, Feeding Deficit Criticism

  30-01-2019 21:31 via news.yahoo.com
  The federal budget shortfall is set to swell, driven by tax cuts, spending increases and an aging American population.As a result, the Treasury is raising its long-term debt issuance at its quarterly refunding auctions to $84 billion, the department said Wednesday, $1 billion more than three months ago.Such elevated levels of borrowing will finance the widening deficit, with Wall Street strategists projecting new debt issuance will top $1 trillion for a second straight year.
  
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• Venezuela's Guaido, protesters urge military to reject Maduro

  30-01-2019 21:30 via news.yahoo.com
  Thousands of opposition protesters, led by Venezuela's self-proclaimed acting president Juan Guaido, on Wednesday called on the armed forces to abandon President Nicolas Maduro and allow humanitarian aid into the crisis-wracked country.The 35-year-old National Assembly president, an engineer by training, is attempting to force the 56-year-old Maduro from power so he can set up a transitional government and hold new presidential elections.
  
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• Police: No footage yet showing 'Empire' actor being attacked

  30-01-2019 21:30 via news.yahoo.com
  CHICAGO (AP) — Detectives have reviewed surveillance footage of "Empire" actor Jussie Smollett walking to a downtown Chicago apartment after an early morning visit to a Subway restaurant, but none of it showed an attack on the actor, a police official said Wednesday.
  
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• Pressure on Maduro intensifies amid new protests

  30-01-2019 21:27 via news.yahoo.com
  Venezuela's political crisis intensifies, as opposition leader Juan Guaido and his supporters rally against President Nicolas Maduro amid growing international pressure on the socialist leader to call snap elections. Jillian Kitchener reports.
  
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• Shutdown stories: Federal workers fear another closure as border talks continue

  30-01-2019 21:24 via news.yahoo.com
  “I was pretty ecstatic, actually. At 35 days, the shutdown was the longest in the nation’s history. “I’m not even sure what is to come,” said Garcia. The shutdown affected approximately 800,000 federal workers, some put on furlough and others required to report to their jobs without being paid.
  
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• Polar Vortex: What is the weather phenomenon and how should you prepare for one?

  30-01-2019 21:12 via news.yahoo.com
  As frigid temperatures and life-threatening winds batter parts of the US, cities in the Midwest are shuttering to keep citizens inside and safe from the dangerous cold.The sudden extreme temperatures are the result of a polar vortex, a weather phenomenon that occurs in the winter and impacts parts of the northern hemisphere.What is a polar vortex?
  
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• Foxconn Re-Thinking Plans for Wisconsin Factory That Got Record Aid

  30-01-2019 21:07 via news.yahoo.com
  The world’s largest contract-electronics manufacturer is reconsidering whether it is economically feasible to develop liquid-crystal displays at its Wisconsin plant, Louis Woo, special assistant to Chairman Terry Gou, said on Wednesday.The signaled shift marks yet another surprising evolution to the scope of Foxconn’s slated $10 billion expansion into the state, which has gone through a series of changes since Gou and Trump unveiled the project to much fanfare in 2017.
  
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• Freezing Midwest weather impacts flights in and out of San Francisco International Airport

  30-01-2019 20:58 via news.yahoo.com
  CHECK YOUR FLIGHT STATUS! The bitter cold, ice, and snow in the Midwest are impacting flights in and out of the Bay Area.
  
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• Venezuela crisis: Maduro accuses Trump of hiring Colombian mafia to assassinate him

  30-01-2019 20:57 via news.yahoo.com
  Venezuelan President Nicolas Maduro accused President Donald Trump of hiring the local mafia to assassinate him in an interview with a Russia state-run news agency.“Donald Trump has without doubt given an order to kill me and has told the government of Colombia and the Colombian mafia to kill me,” Mr Maduro told RIA news agency on Wednesday, Reuters reported.Critics argue that the 56-year-old’s claim is a red-herring tactic to rally up support in Venezuela amid mass protests ag
  
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• Europe stands against May's bid to rewrite Brexit

  30-01-2019 20:26 via news.yahoo.com
  European leaders moved Wednesday to head off British Prime Minister Theresa May's bid to rewrite the Brexit divorce deal, warning they will not budge.Having thrown out the exit deal May negotiated with the EU, divided British lawmakers voted Tuesday to send her back to get an Irish border "backstop" clause removed.May seized on this as a chance to prevent Britain crashing out of the European Union on March 29 without an agreement, vowing to return to Brussels to demand changes to the text.
  
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• The impact of the frigid cold, snowstorm, by the numbers

  30-01-2019 20:24 via news.yahoo.com
  MINNEAPOLIS, Minn. (AP) — A look at how this week's snowstorm and bitter cold have affected the United States, by the numbers:
  
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• Should NYC Ride-Share Drivers Get a $17 Hourly Minimum? Lyft and Juno Say No  

  30-01-2019 20:24 via news.yahoo.com
  The rule, passed by New York’s Taxi and Limousine Commission in December, requires that drivers for market-leader Uber Technologies Inc., Lyft, Juno and Via earn at least $17.22 an hour.It’s part of Mayor Bill de Blasio’s effort to cap the growth of app-based, ride-for-hire platforms and reduce traffic congestion.
  
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• The Latest: Lawmakers open talks on border security

  30-01-2019 20:22 via news.yahoo.com
  WASHINGTON (AP) — The Latest on President Donald Trump, Congress and border security (all times local):
  
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• Good-bye polar vortex, hello spring? Weekend will be 75 degrees warmer

  30-01-2019 20:21 via news.yahoo.com
  The bitter cold that froze parts of the central and eastern U.S. this week will be a distant memory by the weekend.
  
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• How major cities are helping homeless populations during the polar vortex intrusion

  30-01-2019 20:15 via news.yahoo.com
  New York, Washington, D.C., Boston and Chicago are taking extra measures to protect homeless populations amid extreme cold, and experts recommend tips for how you can help if you see someone in need.
  
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• Canada’s national pension scheme issues €1bn in green bonds

  30-01-2019 20:13
  CPPIB provides a boost for the green bond market, whose breakneck growth stalled last year
  
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• Below Zero Temperatures Freeze Chicago River

  30-01-2019 19:52 via news.yahoo.com
  Below Zero Temperatures Freeze Chicago River
  
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• Trump: Intel Chiefs ‘Passive and Naive When It Comes to the Dangers of Iran’

  30-01-2019 19:50 via news.yahoo.com
  President Trump lashed out at top U.S. intelligence officials on Wednesday, a day after they contradicted his assessment of the Iranian nuclear threat in a joint appearance before Congress.The Intelligence people seem to be extremely passive and naive when it comes to the dangers of Iran.Since ending the terrible Iran Nuclear Deal, they are MUCH different, but….
  
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• France says Venezuela's Maduro ignoring calls for election

  30-01-2019 19:41 via news.yahoo.com
  France said on Wednesday that Venezuelan leader Nicolas Maduro appeared not to be heeding calls for new presidential elections and that European foreign ministers would discuss next steps in Bucharest on Thursday.France, along with other European Union members, said on Saturday they would recognize opposition leader Juan Guaido as the country's rightful leader if Maduro failed to call a new vote within eight days."We asked ... for Maduro to announce presidential elections which would be monitore
  
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• Boeing bullish on 2019 despite US-China tensions

  30-01-2019 19:28 via news.yahoo.com
  Boeing reported a strong fourth quarter on Wednesday and offered a bullish 2019 outlook as executives expressed measured confidence in the prospects for a US-China trade agreement.Shares rallied on the report and 2019 forecast, which anticipates much higher than expected 2019 profits as the company ramps up commercial aircraft deliveries."Across the enterprise, our team delivered strong core operating performance and customer focus, driving record revenues, earnings and cash flow and further ext
  
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• Life in #Chiberia: It's so cold in the Midwest, beer is exploding and we're setting fire to train tracks to keep them running

  30-01-2019 19:00 via news.yahoo.com
  A polar vortex has sent temperatures plunging well below zero in the Midwest, and residents are going to social media to share just how cold it is.
  
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• The Civil Rights Warrior Who May Have Linked Roger Stone to WikiLeaks

  30-01-2019 18:53 via news.yahoo.com
  Prosecutors wrote that an email from Stone, seeking dirt on Democratic presidential candidate Hillary Clinton, was forwarded to the attorney, who wasn’t identified -- adding an intriguing character to the mystery over possible links between Trump’s presidential campaign and WikiLeaks.Kunstler, 73, who lives in Brooklyn, is a civil rights lawyer and activist who was married to two prominent, late civil rights attorneys, William Kunstler and Michael Ratner.
  
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• Juncker Says Chance of No-Deal Has Increased: Brexit Update

  30-01-2019 18:48 via news.yahoo.com
  The European Union is standing firm and stepping up contingency plans in case it all goes wrong.Jeremy Corbyn told broadcasters that May “listened” to his concerns about the backstop and future customs arrangements in their meeting this afternoon.
  
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