Finance news

• UK PM candidate Gove admits taking cocaine

  07-06-2019 23:56 via news.yahoo.com
  Michael Gove, a leading contender to replace British Prime Minister Theresa May, said he had used cocaine and has "deep regrets" about taking the drug on several occasions."Obviously it will be for my colleagues in parliament and members of the Conservative Party to decide now if I should be leader," he said.
  
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• Pentagon Condemns Russian Conduct after Warship’s Near-Collision with U.S. Cruiser

  07-06-2019 23:49 via news.yahoo.com
  The Department of Defense on Friday condemned the near collision of a Russian destroyer and an American guided-missile cruiser and said the U.S. will file a formal demarcate against the Russians for their part in the incident.“The behavior's unsafe and unprofessional,” Acting Secretary of Defense Patrick Shanahan told reporters on Friday. "We’ll have military-to-military conversations with the Russians, and of course we'll démarche them.”On Friday morning, the
  
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• US gives Turkey to July 31 to backtrack on Russian missile deal

  07-06-2019 23:47 via news.yahoo.com
  The United States on Friday gave Turkey until the end of July to abandon its purchase of a major Russian missile defense system, which Washington considers incompatible with Ankara's participation in the F-35 fighter jet program.If by July 31 Turkey does not renounce the S-400 system, Turkish pilots training in the United States on the F-35 will be expelled, and agreements with Turkish firms subcontracted for manufacturing the F-35 stealth warplane will be cancelled, Ellen Lord, undersecretary o
  
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• Under pressure, Biden drifts leftward on abortion, climate change

  07-06-2019 23:47 via news.yahoo.com
  The Joe Biden Express to the 2020 Democratic presidential nomination went a bit off track this week.Since Biden joined the race in April, his campaign has worked to craft an aura of inevitability around the former vice president’s bid.Biden has engaged President Donald Trump more often than his Democratic rivals, while speaking in broad, thematic outlines rather pinpointing policy.
  
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• O'Rourke campaigns with wife, looks to boost female support

  07-06-2019 23:42 via news.yahoo.com
  Beto O'Rourke stumbled with women from the start, featuring his wife sitting silently in his presidential campaign launch video and joking repeatedly about being a part-time parent.It's an unusual position for a candidate whose appeal with women helped make him a national political phenomenon while nearly upsetting Texas Sen. Ted Cruz last fall."Any perceived entitlement by a young white male candidate did disqualify him with some young women activists," Judy Downs, executive director of the Des
  
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• Economy added just 75,000 jobs in May, strengthening case for Fed interest rate cut

  07-06-2019 23:38 via news.yahoo.com
  Employers added just 75,000 jobs in May. Economists had forecast 178,000 payroll gains
  
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• Venezuela's Guaido says no plans for further talks in Norway

  07-06-2019 23:29 via news.yahoo.com
  Venezuelan opposition leader Juan Guaido said on Friday that the opposition does not currently plan to join a new round of talks in Norway with representatives of President Nicolas Maduro, after mediation efforts collapsed last month without a deal.Talks seeking a political accord for the crisis-stricken nation fell apart on May 29, as opposition delegates repeated calls for President Nicolas Maduro to step down and allow a transitional government to organize a new presidential vote.Guaido in Ja
  
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• Trump administration refuses to let US embassies fly the Pride flag

  07-06-2019 23:22 via news.yahoo.com
  This Pride month, the Trump administration has denied requests from its American embassies to fly the rainbow Pride flag on their flagpoles. This is a shift from the Obama era policy which gave diplomats blanket permission to fly the Pride flag during the month of June.Donald Trump’s policy is that for the rainbow flag to be flown, express permission must be granted, and no requests have been approved. The Israeli, Latvian, and Brazilian US embassies all requested permission to fly the pri
  
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• The Democratic Presidential Candidates Mostly Agree on Marijuana Legalization. The Exception? Joe Biden

  07-06-2019 23:21 via news.yahoo.com
  Nearly every major Democratic contender for the 2020 nomination has come out in support of legalizing marijuana. The exception: Joe Biden.
  
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• Capitol flag flap in Wisconsin over gay pride rainbow

  07-06-2019 23:13 via news.yahoo.com
  Flying a gay pride rainbow flag over the Wisconsin state Capitol for the first time Friday drew backlash from conservatives, including a pair of state lawmakers, who said it was divisive, while Democrats hailed it as a sign of inclusivity.Allen, who describes himself on Twitter as "Child of God/Family Man," said in a follow-up message to The Associated Press that the rainbow flag "advocates a behavior or lifestyle that some Wisconsin residents may not condone.Democrats praised the raising of the
  
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• Stock markets rally, dollar drops in anticipation of US rate cuts

  07-06-2019 23:10 via news.yahoo.com
  Wall Street stocks rose and the dollar fell Friday after a weak US jobs report bolstered expectations that the Federal Reserve would soon cut interest rates.
  
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• Muslim woman says 4 teens attacked, harassed her on Bronx bus

  07-06-2019 23:09 via news.yahoo.com
  Fatoumata Camara, 22, said the group of young teens started harassing her, making inappropriate statements about her being black and wearing Muslim attire.
  
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• 5 U.S. Tourists Have Died in the Dominican Republic Since April. Should You Cancel Your Trip?

  07-06-2019 23:07 via news.yahoo.com
  Since the beginning of 2019, there have been multiple high-profile cases involving American tourists dying or being seriously injured while staying in the Dominican Republic.
  
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• Why Trump's trade wars are pressuring both economy and Fed

  07-06-2019 23:05 via news.yahoo.com
  A sharp pullback in U.S. hiring for May intensified fears that the economy has weakened and that many employers have grown nervous, in part from President Donald Trump's escalating trade wars.Trump, who has railed against the Fed for not cutting rates this year, may get his wish, if only because his trade conflicts with China, Mexico and other key nations are posing an economic threat.It isn't at all clear how effective Fed rate cuts would be when mortgage rates and other borrowing costs in the
  
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• The World's Largest Automakers Asked Trump Not to Loosen a Climate Change Standard. Here's Why

  07-06-2019 23:03 via news.yahoo.com
  The world's largest automakers called for the Trump Administration to rethink the scope of a rollback on limits on pollution.
  
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• The Latest: US will recognize expired Venezuelan passports

  07-06-2019 23:01 via news.yahoo.com
  The Trump administration says it will recognize the validity of Venezuelan passports for five years beyond their printed expiration dates.The State Department announced Friday that the passports will be considered valid for visa applications and entry into the United States in recognition of a decision by the opposition-controlled National Assembly.Opposition leader Juan Guaidó recently signed a decree extending the lifespan of Venezuelan passports.
  
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• Trump claims he had 'automatic chemistry' with the Queen and denies fist-bumping her

  07-06-2019 22:54 via news.yahoo.com
  Donald Trump has claimed he shared an “automatic chemistry” with the Queen during his state visit to the UK earlier this week.The US president praised the monarch as a “spectacular woman” and also denied fist-bumping her when he arrived for the ceremonial welcome at Buckingham Palace.Mr Trump also said other people had noticed how well he and Queen Elizabeth II had connected.“The meeting with the Queen was incredible, I think I can say I really got to know her becau
  
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• Dems Give Biden Major Side-Eye Over Abortion Flip-Flop

  07-06-2019 22:54 via news.yahoo.com
  The Asahi Shimbun via Getty ImagesJoe Biden’s announcement that he was reversing his long-held opposition to federally funded abortion was met with applause at a Democratic gala, but 2020 rivals and some women’s groups greeted it with barbed skepticism.His flip-flop ended a multi-day stumble over the Hyde Amendment, which bars federal spending on most abortion services. The former vice president has long supported it, though support for its repeal has fervent support among the Democr
  
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• House committee chair: Barr, Ross ‘would rather be held in contempt’

  07-06-2019 22:48 via news.yahoo.com
  Attorney General William Barr and Commerce Secretary Wilbur Ross "would rather be held in contempt of Congress" than turn over documents to Congress about efforts to add a citizenship question to the 2020 census, a House committee chairman said Friday.
  
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• NASA is putting the finishing touches on its Mars helicopter

  07-06-2019 22:44 via news.yahoo.com
  The Mars 2020 mission will truly be one for the record books when it begins in July of next year. Not only is the Mars 2020 rover one of the most advanced piece of equipment that will ever be sent to the Red Planet, it's also equipped with its very own helicopter.The vehicle, named simply the Mars Helicopter, is the first of its kind, and a great deal of work as been put into perfecting its simple design and ensuring that it can withstand the conditions of Mars. Now, in a new blog post, NASA's J
  
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• House panel weighs holding Trump Cabinet members in contempt over census

  07-06-2019 22:20 via news.yahoo.com
  The U.S. House Oversight Committee plans to vote next week on holding Attorney General William Barr and Commerce Secretary Wilbur Ross in contempt of Congress for stonewalling a probe into an alleged scheme to politicize the 2020 U.S. Census.On Friday, the committee's majority Democrats released a memo alleging that the White House "interfered directly and aggressively" with an attempt by the panel to interview Kris Kobach, a former Kansas Secretary of State, about a plan by President Donald Tru
  
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• GOP Rep. says women who have abortions deserve to be 'punished' with prison sentence

  07-06-2019 22:14 via news.yahoo.com
  A Texas Republican has said women who have abortions should “absolutely” be punished and deserve to go to prison.
  
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• Guaido says no new talks planned on Venezuela crisis

  07-06-2019 22:06 via news.yahoo.com
  Venezuela's opposition leader Juan Guaido said Friday that Norway's effort to mediate in the standoff with the government of President Nicolas Maduro had stalled and no new talks were planned."At the moment there is no meeting planned," Guaido told supporters during a speech in the northern city of Valencia.Representatives of Guaido and Maduro met face-to-face in Oslo last week as part of talks mediated by Norway aimed at resolving the country's political deadlock, which began in January when Gu
  
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• Former Minneapolis Police Officer Mohamed Noor Sentenced to 12.5 Years in Shooting of Justine Ruszczyk Damond

  07-06-2019 22:01 via news.yahoo.com
  A Minneapolis police officer convicted of murder has been sentenced to a 12½-year prison term for the fatal shooting of an unarmed woman who had called 911
  
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• Facebook to cut off Huawei to comply with US sanctions

  07-06-2019 21:59 via news.yahoo.com
  Facebook said Friday it would cut off Huawei from its popular social networking apps to comply with US sanctions, further isolating the Chinese tech giant considered a national security threat by Washington.The social media giant said it took the step after President Donald Trump's order barring Huawei from US technology exports over concerns that it works with Chinese intelligence.The California company said people with existing Huawei smartphones with Facebook apps will continue to be able to
  
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• The US Huawei ban is also a huge headache for Google

  07-06-2019 21:46 via news.yahoo.com
  The Trump administration banned Huawei from importing any US-made technology a few weeks ago, and the order is still in effect. A number of prominent US companies have already halted business with Huawei, pending the resolution of this conflict, with Facebook being the latest company to cut ties.Huawei's smartphone business is in great danger because of that, as the company may end up not being able to launch new Android phones that people would actually want to buy in the near future... if it c
  
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• Trump Spoke With Powell Same Evening Fed Chief Met Democrats

  07-06-2019 21:34 via news.yahoo.com
  Powell’s calendar for April, released Friday, showed a call with the president from 9 p.m. to 9:05 p.m. It also reflected Powell’s scheduled appearance at a Democratic Party retreat in Leesburg, Virginia.This is the second call between the pair reported by the Fed. Powell received a call from Trump on March 8 as concerns that day about the U.S. job market helped send stocks to their biggest weekly drop of the year.
  
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• Mexico sends troops to Guatemala border in an attempt to dodge Trump's migration tariffs

  07-06-2019 21:34 via news.yahoo.com
  In a response to Donald Trump’s threats of a five per cent import tax on all Mexican goods if illegal migration is not lessened, Mexico has deployed troops to the Guatemala border. With an influx of Central American migrants flowing into America seeking asylum, the Trump administration is in talks with Mexico’s foreign minister, Marcelo Ebrard. Mr Ebrard noted his optimism after Thursday's talks and said: "We have explained that there are 6,000 men and that they will be deployed ther
  
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• Trump attacks Nasa and claims the moon is 'a part' of Mars

  07-06-2019 21:28 via news.yahoo.com
  President tweeted Nasa should focus on ‘Mars (of which the Moon is a part)’ over going to the moon, a reversal of previous remarks Melania and Donald Trump watch the solar eclipse from the White House in Washington DC, on 21 August 2017.Photograph: Kevin Lamarque/ReutersFollowers of astronomy were in for a surprise on Friday, when Donald Trump announced that the moon is part of Mars. In a tweet, apparently commenting on his own administration’s space policy, the president said:
  
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• The Latest: Lawyers disappointed for ex-cop sent to prison

  07-06-2019 21:26 via news.yahoo.com
  Lawyers for a former Minneapolis police officer who fatally shot an unarmed woman say they're disappointed that a judge sentenced him to 12½ years in prison.Noor now has 90 days to appeal his conviction for third-degree murder and second-degree manslaughter in the death of Justine Ruszczyk Damond.After Noor was sentenced Friday, he was returned to Minnesota's maximum security prison at Oak Park Heights, where he has been held for his own safety since his conviction in April.
  
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• Columbine High School could be torn down to end 'morbid fascination'

  07-06-2019 21:26 via news.yahoo.com
  Columbine High School, the site of one of America's most notorious school shootings, may be demolished because it remains a scene of "morbid fascination". Two teenagers walked into the Colorado high school and shot dead 12 students and a teacher in April 1999. But two decades on, local authorities have proposed tearing down and rebuilding the school because the building has remained "a source of inspiration" for people with a dark interest in the shooting Jason Glass, the Jefferson County School
  
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• Joe Biden Dropped His Support for the Hyde Amendment. Here's How It Became a Flashpoint on Abortion

  07-06-2019 21:21 via news.yahoo.com
  "Circumstances have changed" regarding abortion, Biden says, reversing his position from the day before.
  
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• Lesbian Couple Assaulted on London Bus By Four Men Who Had Demanded The Women Kiss 'So They Could Enjoy Watching'

  07-06-2019 21:18 via news.yahoo.com
  Authorities are searching for the perpetrators of a homophobic assault and robbery of a lesbian couple on a London bus.
  
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• Twitter erupts over Trump claim that the moon 'is a part' of Mars

  07-06-2019 21:08 via news.yahoo.com
  President Donald Trump on Friday tweeted out a mysterious Mars comment thathas social media users blasting off their best jokes
  
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• Mercedes-AMG's New 416-HP Engine Is the World's Most Powerful Four-Cylinder

  07-06-2019 21:03 via news.yahoo.com
  The turbocharged 2.0-liter inline-four will be stuck in cars like the A45, CLA45, and GLA45.
  
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• Boeing delayed fix of defective 737 MAX warning light for three years: U.S. lawmakers

  07-06-2019 20:53 via news.yahoo.com
  Boeing Co learned that a cockpit warning light on its 737 MAX jetliner was defective in 2017 but decided to defer fixing it until 2020, U.S. lawmakers said on Friday.The defective warning light alerts pilots when two sensors that measure the angle between the airflow and the wingdisagree.Faulty "angle of attack" data is suspected of playing a role in two deadly crashes involving Boeing's best-selling 737 MAX in Indonesia in October and in Ethiopia in March.
  
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• Norway mediation effort in Venezuela slows

  07-06-2019 20:49 via news.yahoo.com
  Venezuelan leader Juan Guaidó said Friday that the opposition's demand for presidential elections is not negotiable, slowing mediation efforts by Norway aimed at resolving Venezuela's political crisis."A new meeting isn't planned at the moment, until we can get what we've proposed on the agenda," said Guaidó at a rally in the central city of Valencia.Guaidó's comment shows how hard it will be to negotiate a peaceful solution to the crisis in Venezuela, which has endured econ
  
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• This is the coolest new Google Search feature we’ve seen in years

  07-06-2019 20:48 via news.yahoo.com
  Google often adds useful tools and productivity features to its various apps and services, but some of the best are more fun than they are useful. Such is the case for the latest addition to Google Search: AR animals. As the company announced at its Google I/O developer conference in May, some search results will now include 3D augmented reality models that users can interact with. And now the first of those AR models have begun to roll out.First spotted by CNET, the feature is now available for
  
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• Joe Biden Was Never Pro-Life

  07-06-2019 20:45 via news.yahoo.com
  In a catastrophic failure of moral and political judgment, Democratic presidential front-runner Joe Biden has buckled under pressure from abortion-rights activists and stated his newfound opposition to the Hyde amendment, a bipartisan rider that has prevented the direct public funding of abortion for decades.It is no great shock that the leading contender for the Democratic presidential nomination would feel obliged to uphold his party’s platform, which in 2016 was rewritten to formal
  
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• Asteroid nearly the width of a football field has small chance of hitting Earth this year

  07-06-2019 20:36 via news.yahoo.com
  An asteroid called 2006 QV89, which has a diameter slightly smaller than the width of a football field, is set to pass by Earth in September.
  
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• Prosecutor: Criminal investigation of Chiefs' Hill inactive

  07-06-2019 20:32 via news.yahoo.com
  A criminal investigation into allegations that Kansas City Chiefs receiver Tyreek Hill's son was abused is no longer active.Johnson County District Attorney Steve Howe told The Kansas City Star Friday he would re-evaluate his decision if new evidence emerges.The Chiefs suspended Hill on April 25 after a local television station aired a recording of a conversation between Hill and his fiancee, Crystal Espinal, discussing the boy's injuries.
  
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• Ex-cop sentenced to 12.5 years for killing of Australian woman

  07-06-2019 20:23 via news.yahoo.com
  A former Minneapolis police officer was sentenced Friday to 12 years and six months in prison for the fatal shooting of an unarmed Australian woman who had been trying to report a crime.Mohamed Noor, 33, was convicted in April of second-degree manslaughter and third-degree murder in the 2017 death of Justine Damond, in a case that shocked the Midwestern city and sparked outrage in the victim's home country.Noor was responding to her late-night report of a possible sexual assault in an alley in M
  
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• Trump: 'Good chance' now for tariff deal with Mexico

  07-06-2019 20:21 via news.yahoo.com
  After a week of threats, President Donald Trump declared Friday that now "there is a good chance" the U.S. will strike a deal with Mexico to avert the tariffs he had scheduled for Monday to force the U.S. ally to stem the flow of Central American migrants into the United States."If we are able to make the deal with Mexico, & there is a good chance that we will, they will begin purchasing Farm & Agricultural products at very high levels, starting immediately," Trump tweeted from aboard Ai
  
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• Walmart one-ups Amazon with deliveries direct to refrigerator

  07-06-2019 20:03 via news.yahoo.com
  Walmart said Friday it was readying a new home delivery service where its employees could come inside and stock up customers' refrigerators.The new "InHome" service expected to launch this year in several US cities aims to outdo retail rival Amazon, which brings goods inside customer homes though its electronic access program called Amazon Key.Walmart said on its website that consumers who opt in for the service will need smart devices allowing remote access for the delivery team, which may ente
  
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• Tired of smartphones? Company offers $1,000 to use flip phone for a week

  07-06-2019 20:00 via news.yahoo.com
  Frontier Communications announced a contest saying it will pay $1,000 for someone to use a flip phone in place of a smartphone for one week.
  
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• Lawmakers Seek Documents on Boeing's 737 Max Faulty Sensor Alert

  07-06-2019 19:55 via news.yahoo.com
  Representative Peter DeFazio, the Oregon Democrat who heads the House Transportation and Infrastructure Committee, on Friday sent letters to Boeing, United Technologies Corp. and the Federal Aviation Administration requesting a timeline and other documents related to the alerting system.Boeing had installed an indicator light on a cockpit display that was supposed to illuminate when weather-vane-like sensors on the nose of the 737 were malfunctioning, but software issues prevented it from workin
  
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• Poll: 47 Percent Oppose Abortion Except in Extreme Cases

  07-06-2019 19:54 via news.yahoo.com
  Americans tend much more toward the middle on abortion than the polarized debate on the issue would suggest, according to a new a new NPR/PBS NewsHour/Marist poll.Almost half the public, 47 percent, supports strict bans on abortion that would allow a mother to procure one only for a serious reason. About 9 percent say abortion should never be permitted under any circumstance, another 9 percent say it should be allowed only to save the life of the mother, and 29 percent say the procedure sho
  
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• Trump lobs another insult at Pelosi aboard Air Force One

  07-06-2019 19:48 via news.yahoo.com
  Trump referred to the speaker using the newly coined nickname "Nervous Nancy."
  
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• Countdown to US-Mexico tariff deadline: Trump says there's 'good chance' a deal can be reached

  07-06-2019 19:41 via news.yahoo.com
  Trump has threatened to slap tariffs on all Mexican imports unless the Mexican government stops the flow of Central American migrants into the U.S.
  
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• 2020 Vision: Biden’s 'flip-flop-flip' on abortion funding caps his bad week

  07-06-2019 19:35 via news.yahoo.com
  Since launching his presidential campaign, the former vice president had largely avoided the types of unforced errors some were worried the self-proclaimed “gaffe-machine” might make. Until this week.
  
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