Finance news

• Trump pushes immigration plan favoring 'merit' over family

  16-05-2019 23:56 via news.yahoo.com
  WASHINGTON (AP) — Unveiling a new immigration plan, President Donald Trump said Tuesday he wanted to provide a sharp contrast with Democrats, and he did — aiming to upend decades of family-based immigration policy with a new approach that favors younger, "totally brilliant," high-skilled workers he says won't compete for American jobs.
  
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• Global stocks mostly rise after solid US data, earnings

  16-05-2019 23:56 via news.yahoo.com
  Global stocks mostly rose on Thursday on more benign statements from the United States about trade and a batch of solid economic data and corporate earnings.
  
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• Buttigieg blasts Trump Iran escalation: 'This is not a game. This is not a show.'

  16-05-2019 23:55 via news.yahoo.com
  Democratic presidential candidates took aim at President Donald Trump Thursday, suggesting the president and his national security team are recklessly escalating tensions with Iran.
  
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• Brexit or Death

  16-05-2019 23:49 via news.yahoo.com
  There is a lesson in British politics for the rest of the world: A democratic revolt of the people against the establishment cannot be resisted forever.The immediate result of the Brexit vote in 2016 and Parliament’s decision to accede to the will of the electorate and turn in its Article 50 notice to the EU was a strengthening of the two oldest mainstream parties, Tory and Labour, against the ultra-Remain party, the Liberal Democrats, and the ultra-Brexit party, UKIP. The Tory and Labour
  
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• Trump proposes immigration overhaul to favor skilled, English-speakers

  16-05-2019 23:48 via news.yahoo.com
  President Donald Trump called Thursday for radical immigration reform to favor skilled, English-speaking workers over the poorly educated and shut the door on "frivolous" asylum claimants."Currently 66 percent of legal immigrants come here based on random chance," Trump said.There is little chance that the business-minded Republican president's ideas will get anywhere in Congress, where immigration is seen as a politically toxic subject, particularly ahead of 2020 legislative and presidential el
  
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• Boeing finishes software update for grounded airliner

  16-05-2019 23:47 via news.yahoo.com
  Boeing says it has finished with its updates to the flight-control software implicated in two deadly crashes involving its 737 Max, moving a step closer to getting the plane back in the sky.
  
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• 'Horrifying': Kirsten Gillibrand denounces anti-abortion bills in Georgia

  16-05-2019 23:33 via news.yahoo.com
  Gillibrand vowed to champion abortion rights in her campaign for president, calling the recent bans "horrifying" and "discriminatory."
  
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• Walmart reports jump in profit, warns on tariffs

  16-05-2019 23:26 via news.yahoo.com
  Walmart reported a jump in first-quarter earnings on Thursday on increased US store sales and e-commerce growth but warned that higher US tariffs could hit its business.President Donald Trump has started a process to impose new duties on about $300 billion worth of additional Chinese merchandise, covering virtually everything China sells to the United States and encompassing household items such as clothing and appliances.It's who we are," Chief Financial Officer Brett Biggs said on a conference
  
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• Trump immigration plan sidesteps immigrants here illegally, draws wide criticism from both sides

  16-05-2019 23:24 via news.yahoo.com
  President Trump's immigration proposal began drawing fire from all sides of the political spectrum Thursday, including from allies on the issue.
  
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• China’s lunar rover is helping to unravel a Moon mystery

  16-05-2019 23:16 via news.yahoo.com
  The Chinese space program started 2019 with a major milestone when the Chang'e 4 lunar lander successfully touched down on the far side of the Moon. It was the first time any country had completed such a feat, the landing itself was just the first of many objectives China had for the mission.In the days that followed, the lander deployed a rover, snapped photos, and even grew some plants. Its rover had some work of its own to do as well, and a new research paper published in Nature reveals that
  
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• Boeing seeks regulators' OK, says 737 MAX software update complete

  16-05-2019 23:14 via news.yahoo.com
  Boeing said Thursday that it completed its software update on the 737 MAX after two deadly crashes resulted in a global grounding of the aircraft.The proposed fix, which addresses a problem with a flight handling system thought to be a factor in both crashes, must now win approval from US and international regulators before the planes can return to service.US airlines have targeted August as the date they expect to resume flying on the 737 MAX.
  
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• Is There a 5G Cellular Network Near You?

  16-05-2019 23:13 via news.yahoo.com
  The age of 5G network service is finally here. As of today, you can officially buy the 5G version of the Samsung Galaxy S10 smartphone, which starts at $1,300. Right now, it's exclusive to Verizo...
  
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• The Latest: 3 people arrested in slaying of pregnant woman

  16-05-2019 23:12 via news.yahoo.com
  CHICAGO (AP) — The Latest on the slaying of a pregnant Chicago woman whose baby was cut from her womb (all times local):
  
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• Cafeteria worker says she lost job for giving boy free lunch

  16-05-2019 23:08 via news.yahoo.com
  CONCORD, N.H. (AP) — A New Hampshire school cafeteria worker's kindness may have got her fired.
  
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• U.S.-based equity funds post $12.27 billion outflows amid U.S.-China trade tensions

  16-05-2019 23:07
  Investors rattled by lingering trade tensions between the United States and China pulled $12.27 billion from U.S.-based equity funds in the week ended Wednesday, according to data released by...
  
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• My kind of mix-up: $5,760 bottle of wine served by mistake

  16-05-2019 22:59 via news.yahoo.com
  LONDON (AP) — A British restaurant has given some customers an unexpected treat, accidentally serving them a 4,500-pound ($5,760) bottle of red wine.
  
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• Baidu forecasts quarterly revenue below estimates, shares fall

  16-05-2019 22:59 via news.yahoo.com
  (Reuters) - Chinese search engine operator Baidu Inc on Thursday reported lower-than-expected first-quarter earnings and forecast quarterly revenue below estimates, sending its shares down 8% in extended trading. Revenue from its online marketing services business, a major contributor to overall sales, rose nearly 3% to 17.66 billion yuan ($2.57 billion), but missed estimates of $2.66 billion, according to research firm FactSet. ...
  
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• My kind of mix-up: $5,760 bottle of wine served accidently

  16-05-2019 22:52 via news.yahoo.com
  LONDON (AP) — A British restaurant has given some customers an unexpected treat, accidently serving them a 4,500-pound ($5,760) bottle of red wine.
  
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• Guatemalan migrant child dies after Mexican detention

  16-05-2019 22:52 via news.yahoo.com
  A 10-year-old Guatemalan migrant girl died after being taken to hospital from a Mexico City immigration detention center, Mexican authorities said on Thursday, adding to a growing number of deaths of minors migrating from the Central American country.Three Guatemalan minors have died in U.S. custody since December, and a Guatemalan toddler died in Texas this week after being released from U.S. Customs and Border Protection custody.
  
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• Trump's financial report shows earnings and losses but misses tax return details

  16-05-2019 22:46 via news.yahoo.com
  As the president continues to refuse to release tax documents, this filing is a yearly requirement and showed mixed business results Donald Trump’s 2018 financial disclosure report was released on Thursday. Photograph: Nicholas Kamm/AFP/Getty ImagesDonald Trump’s 2018 financial disclosure report was released on Thursday by the Office of Government Ethics, shedding light on the president’s earnings and losses in the second year of his presidency. The form, which is required to b
  
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• Britain's May to agree departure after latest Brexit deal bid

  16-05-2019 22:30 via news.yahoo.com
  Three years after Britain voted to leave the European Union, there is little clarity over when, how and even whether Brexit will happen, prompting some in her party to call for a new approach to the country's biggest policy shift in more than 40 years.May has promised to step down after her Brexit deal is approved by lawmakers."The prime minister is determined to secure our departure from the European Union," Graham Brady, chair of the 1922 Committee that can make or break party leaders, said fo
  
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• Trump will not cut police aid to Central America, Barr says

  16-05-2019 22:29 via news.yahoo.com
  U.S. President Donald Trump will not cut aid to police forcesin El Salvador, Guatemala and Honduras, his attorney general said on Thursday, softening a previous order to cut foreign assistance to the so-called Northern Triangle nations.William Barr made the announcement during a meeting in El Salvador with his counterparts in the region, during which the four countries signed an agreement aimed at tackling drug trafficking and gangs.The U.S. State Department said in March it would cut aid to El
  
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• China's US Treasury holdings lowest since 2017

  16-05-2019 22:29 via news.yahoo.com
  China's US Treasury holdings fell in March to their lowest level in two years, with Beijing trimming its lending to the United States amid a protracted trade war, government data shows.In March, China's Treasury holdings fell by $10.4 billion to $1.12 trillion, the lowest level since May 2017, according to Treasury Department data released Wednesday.
  
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• Alabama abortion law draws some criticism, mostly silence from national Republicans

  16-05-2019 22:24 via news.yahoo.com
  Alabama's governor on Wednesday signed the bill to ban abortions, except when a mother's life is in jeopardy, in the latest challenge by conservatives to the 1973 landmark U.S. Supreme Court decision Roe v. Wade that established a woman's right to terminate a pregnancy.Asked about the new law at a Thursday news conference in Washington, House of Representatives Republican Leader Kevin McCarthy of California said that while he opposes abortion, Alabama's law "goes further than I believe.""In my w
  
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• This $42 serum sold out in just ten days -- and has 20,000 'loves' at Sephora

  16-05-2019 22:22 via news.yahoo.com
  Skincare may be as divisive as the beauty world gets.
  
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• Missing Pilsen woman strangled on SW Side, baby taken from womb in grave condition, authorities say

  16-05-2019 22:22 via news.yahoo.com
  A baby remains in grave condition at Christ Hospital after Chicago police said it was taken from the womb of a 19-year-old woman after she was killed on the Southwest Side.
  
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• Father of slain pregnant teen Marlen Ochoa-Lopez blames 'these anti-immigrant laws' for delay in investigation

  16-05-2019 22:22 via news.yahoo.com
  The father of a pregnant teenager found dead with her baby cut from her womb on Wednesday spoke out during a press conference.
  
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• Office of Government Ethics releases President Trump's annual financial disclosure report

  16-05-2019 22:17 via news.yahoo.com
  Most of President Trump's income came from his properties, making $247 million from his golf and other resort clubs; Fox Business Network's Edward Lawrence reports from Washington.
  
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• P&G unveils new $400 million R&D center, the company's largest in the world

  16-05-2019 22:16 via news.yahoo.com
  The new and improved Mason facility is 2 million square feet – twice the size of the Kenwood Towne Centre, a shopping mall in Cincinnati.
  
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• Just Say Nyet: Russia Wants to Become a Stealth Fighter Superpower

  16-05-2019 22:10 via news.yahoo.com
  Russian president Vladimir Putin made a big show on May 14, 2019 of visiting the 929th Chkalov State Flight-Test Center in Russia's Astrakhan region.Six Sukhoi Su-57 stealth fighters -- fully half of the Su-57s that Sukhoi has built since the type first flew in 2010 -- escorted Putin’s Il-96 VIP plane on the trip from Moscow to Astrakhan.Speaking on May 15, 2019, Putin said the Kremlin would buy scores of Su-57s over the next eight years. If Putin is serious and the Russian defense ministr
  
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• Televangelist Pat Robertson: Alabama abortion law 'has gone too far,' is 'ill-considered'

  16-05-2019 22:08 via news.yahoo.com
  Longtime televangelist Pat Robertson, who opposes abortion, criticized Alabama's near-total abortion ban that is now the nation's most restrictive.
  
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• Wall St. rises for third straight day on data, earnings

  16-05-2019 22:07 via news.yahoo.com
  NEW YORK (Reuters) - Wall Street closed higher on Thursday as upbeat earnings and strong economic data put investors in a buying mood, with technology companies leading the charge. The Dow Jones Industrial Average rose 214.72 points, or 0.84%, to 25,862.74, the S&P 500 gained 25.37 points, or 0.89%, to 2,876.33 and the Nasdaq Composite added 75.90 points, or 0.97%, to 7,898.05. (Reporting by Chuck Mikolajczak; Editing by James Dalgleish)
  
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• Democrats read Mueller report aloud in U.S. Capitol hearing room

  16-05-2019 22:03 via news.yahoo.com
  The reading began at noon EDT (1700 GMT) and was expected to take 12 to 14 hours.For those who could not make it to the Capitol hearing room to listen, it was being broadcast on C-SPAN and lawmakers plan to release a podcast version.Representative Mary Gay Scanlon, one of the top Democrats on the House Judiciary Committee, started the reading and nearly two dozen of her colleagues were to take part."There [are] a lot of average people who have not seen the Mueller report," Representative Sylvia
  
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• Boeing says 737 MAX software update is complete

  16-05-2019 22:03 via news.yahoo.com
  Boeing said Thursday that it completed its software update on the 737 MAX after two deadly crashes resulted in a global grounding of the aircraft.The proposed fix, which addresses a problem with a flight handling system thought to be a factor in both crashes, must now win approval from US and international regulators before the planes can return to service."With safety as our clear priority, we have completed all of the engineering test flights for the software update and are preparing for the f
  
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• Gillibrand travels to Georgia to criticize new abortion laws

  16-05-2019 22:01 via news.yahoo.com
  ATLANTA (AP) — Democratic presidential candidate Kirsten Gillibrand says that, as president, she'd seek to write into law the U.S. Supreme Court's landmark ruling that legalized abortion.
  
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• The Many Downsides of War with Iran

  16-05-2019 22:00 via news.yahoo.com
  The news from the Middle East is grim. Last week, national-security adviser John Bolton announced that the United States was sending a carrier group and a bomber force to the Persian Gulf region in response to a “number of troubling and escalatory indications and warnings” from Iran. Over the weekend, four tankers were sabotaged in an Emirati port. U.S. officials blamed Iran or Iranian allies. Yesterday, the State Department ordered all “non-emergency” personnel from Iraq
  
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• Cardi B has a message for moms: 'Stop leaving your kids with ya boyfriends! PERIOD.'

  16-05-2019 21:57 via news.yahoo.com
  A few people on social media connected her message with the Maleah Davis case where a 4-year-old went missing.
  
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• UPDATE 2-Boeing completes 737 MAX software update, working on pilot training plan

  16-05-2019 21:42 via news.yahoo.com
  Boeing Co said on Thursday it had completed a software update for its 737 MAX jets, which have been grounded worldwide since March after they were involved in two fatal crashes.The planemaker said it was in the process of submitting a plan on pilot training to the U.S. Federal Aviation Administration (FAA) and would work with the regulator to schedule its certification test flight.The FAA is planning a meeting on May 23 in Fort Worth, Texas, with regulators from around the world to update them o
  
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• Trump releases financial disclosure statements, revealing he made $479 million in 2018

  16-05-2019 21:34 via news.yahoo.com
  Donald Trump reportedly made at least $479m in 2018, according to financial disclosure documents. The president broke presidential precedent by refusing to divest from his business interests while in office and on the campaign trail. While Mr Trump serves as president, his two sons, Donald Jr and Eric, run the Trump Organisation. Mr Trump remains the head of the group. While Mr Trump releases the mandated financial disclosure forms to the Office of Government Ethics annually, he has already brok
  
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• Presidential candidate de Blasio insults 'con don'

  16-05-2019 21:29 via news.yahoo.com
  After announcing he will seek the Democratic nomination for president, NYC Mayor Bill de Blasio went after President Trump Thursday calling him a con man and said the country is in an "identity crisis" over immigration. (May 16)
  
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• The Latest: Pakistan urges US, Iran to exercise restraint

  16-05-2019 21:27 via news.yahoo.com
  DUBAI, United Arab Emirates (AP) — The Latest on developments in the Persian Gulf region and elsewhere in the Mideast amid heightened tensions between the U.S. and Iran (all times local):
  
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• Missouri 8-week abortion ban one step from going to governor

  16-05-2019 21:13 via news.yahoo.com
  JEFFERSON CITY, Mo. (AP) — A wide-ranging Missouri bill banning abortions at eight weeks of pregnancy was just one step away from going to a supportive Republican governor after the state Senate passed the measure Thursday.
  
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• Trump's Immigration Plan Faces Cold Reception Even Within GOP

  16-05-2019 21:11 via news.yahoo.com
  Details of the proposal -- and particularly the decision by presidential son-in-law Jared Kushner to sidestep what to do about those in the country illegally -– have already doomed its legislative prospects among Democrats.Senate Judiciary Chairman Lindsey Graham, a South Carolina Republican who oversees immigration legislation, said Kushner’s bill isn’t going to become law.
  
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• Texas Rangers to take over deadly Baytown officer-involved shooting investigation

  16-05-2019 21:07 via news.yahoo.com
  The Texas Rangers will take over the investigation into an officer-involved shooting that killed a woman in Baytown.
  
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• Trump Unveils Plan for Merit-Based Immigration System

  16-05-2019 21:06 via news.yahoo.com
  President Trump unveiled a series of reforms designed to secure the southern border and transition the country toward a merit-based immigration system during a Thursday speech in the White House Rose Garden.“We are proposing an immigration plan that puts the jobs, wages, and safety of American workers first,” Trump said. “Our proposal is pro-America, pro-immigrant, and pro-worker. It's just common sense.”Under the plan unveiled Thursday, which has not yet resulted in the
  
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• Bomb-laden drones of Yemen rebels threaten Arabian Peninsula

  16-05-2019 21:05 via news.yahoo.com
  DUBAI, United Arab Emirates (AP) — A Yemen rebel drone strike this week on a critical Saudi oil pipeline shows that the otherwise-peaceful sandy reaches of the Arabian Peninsula now are at risk of similar assault, including an under-construction nuclear power plant and Dubai International Airport, among the world's busiest.
  
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• The Latest: Sen. Doug Jones calls abortion ban 'shameful'

  16-05-2019 21:04 via news.yahoo.com
  MONTGOMERY, Ala. (AP) — The Latest on developments related to Alabama's strictest-in-the-nation abortion ban (all times local):
  
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• Missouri Senate passes bill to ban abortions at 8 weeks

  16-05-2019 21:04 via news.yahoo.com
  Missouri’s Republican-led Senate passed a bill that would ban abortions at eight weeks of pregnancy.
  
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• Wall St. advances as earnings, economic data beat expectations

  16-05-2019 20:50 via news.yahoo.com
  All three major U.S. stock indexes were up about 1%, bringing the bellwether S&P 500 to within 2% of an all-time high reached on April 30.A mostly upbeat first-quarter earnings season is beginning to wind down, with 457 S&P 500 companies having reported.
  
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• Huawei ban clouds U.S.-China trade talks, tech sector

  16-05-2019 20:49 via news.yahoo.com
  WASHINGTON/BEIJING (Reuters) - A U.S. bid to block China's Huawei Technologies from buying vital American technology threw into question sales from some of the largest tech companies and drew a sharp rebuke on Thursday from Beijing, which warned it could hurt trade talks.Shares of Huawei's U.S. suppliers fell on fears the Chinese firm would be forced to stop buying American chips, software and other components after the Trump administration banned it from buying U.S. technology without special a
  
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