Finance news

• Trump Jr grilled by US senators, says unconcerned about perjury

  12-06-2019 23:58 via news.yahoo.com
  Donald Trump Jr wrapped up a return interview Wednesday with US lawmakers who questioned him about his contacts with Russians, with the president's eldest son dismissing concerns he may have perjured himself in his 2017 testimony.The 41-year-old appeared relaxed as he emerged from a three-hour closed-door session with the Senate Intelligence Committee as part of the Republican-led panel's two-year investigation of Russian interference in the 2016 US presidential election.Trump Jr, who helms the
  
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• The Latest: DR prosecutor vows no impunity in Ortiz shooting

  12-06-2019 23:58 via news.yahoo.com
  The chief prosecutor in the Dominican Republic says that no one involved in the shooting of former Red Sox star will remain in impunity, not even in the intellectual author of the crime.Authorities say six suspects, including the alleged gunman, have been detained in the shooting of Ortiz at a popular Santo Domingo bar Sunday night.
  
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• Morgan Stanley wants majority stake in Chinese joint venture: CEO

  12-06-2019 23:58
  Morgan Stanley wants to obtain majority ownership of a joint venture in China, but regulators there have not signed off on the idea, Chief Executive Officer James Gorman said on Wednesday.
  
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• Mother, Daughter Indicted in Murder of Pregnant Chicago Teen Whose Baby Was Cut from Her Womb

  12-06-2019 23:52 via news.yahoo.com
  Two women faced a judge for the first time on charges they murdered Marlen Ochoa-Lopez, then cut her baby from her womb.
  
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• UPDATE 4-Jet.com falls by wayside as Walmart focuses on its website, online grocery

  12-06-2019 23:27 via news.yahoo.com
  Walmart Inc on Wednesday announced a sweeping overhaul at Jet.com, an online start-up it acquired in 2016 for $3.3 billion, after it failed to live up to the world's largest retailer's e-commerce ambitions.Walmart said it will integrate Jet.com's retail, technology, marketing, analytics and product teams with its own online business.Walmart's move reduces the scope and importance of Jet.com in its overall U.S. e-commerce business, which competes with Amazon.com Inc, according to interviews with
  
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• Trump announces 1,000 extra troops for Poland

  12-06-2019 23:22 via news.yahoo.com
  US President Donald Trump announced Wednesday he will send 1,000 more troops to Poland to counter Russia, while criticizing Germany for making itself a "hostage" to Moscow by over-relying on Russian energy supplies.Details of the troop boost were thin but they fell far short of Poland's long-running hope for a permanent major US military base.About 5,000 US soldiers already deploy along with NATO forces in Poland as part of a rotating pool, rather than a fixed garrison.
  
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• Jeffrey Gundlach's DoubleLine to launch Income Fund: SEC filings

  12-06-2019 23:21
  DoubleLine Capital, run by widely followed investor Jeffrey Gundlach, is planning to launch a new fund that will invest in mortgage-backed securities, other asset-backed securities and collateralized...
  
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• House Oversight Votes to Hold Barr, Ross in Contempt Over Refusal to Turn Over Census Docs

  12-06-2019 23:15 via news.yahoo.com
  The House Oversight and Reform Committee voted largely along party lines Wednesday afternoon to hold Attorney General William Barr and Secretary of Commerce Wilbur Ross in contempt over their refusal to comply with lawmakers' subpoena-backed demands for documents related to the inclusion of a citizenship question on the upcoming census.The contempt resolution passed 24–15, with Representative Justin Amash of Michigan the only Republican to join Democrats in support. The vote took place hou
  
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• 5 suspects, including alleged gunman, arrested in David Ortiz shooting

  12-06-2019 23:08 via news.yahoo.com
  A sixth suspect was also being pursued in the shooting, which witnesses said was carried out by two men on a motorcycle and two other groups of people in cars.
  
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• The Latest: Judiciary panel to interview ex-Trump aide Hicks

  12-06-2019 23:06 via news.yahoo.com
  Former White House Communications Director Hope Hicks has agreed to a closed-door interview with the House Judiciary Committee, according to two people familiar with the deal.The panel subpoenaed Hicks last month as part of its investigation into obstruction of justice and special counsel Robert Mueller's report.It is a significant breakthrough for the committee, as President Donald Trump has broadly fought attempts at congressional oversight.
  
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• Trump Jr. glad Senate testimony 'is finally over'

  12-06-2019 22:54 via news.yahoo.com
  Donald Trump Jr., the president's eldest son, spoke to the Senate intelligence committee for around three hours Wednesday, following up on a 2017 interview with the same panel as part of its two-year-long Russia investigation.Senators wanted to discuss the answers Trump Jr. gave in that 2017 interview, as well as the answers he gave to the Senate Judiciary Committee in a separate interview behind closed doors that year.The president's former lawyer Michael Cohen told a House committee in Februar
  
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• The Lessons of the Mueller Probe

  12-06-2019 22:47 via news.yahoo.com
  Editor’s Note: The following is the written testimony submitted by Mr. McCarthy in connection with a hearing earlier today before the House Permanent Select Committee on Intelligence on the Mueller Report (specifically, the first volume of the report, which addresses Russia’s interference in the 2016 campaign, as to which Special Counsel Mueller found no conspiracy between the Trump campaign and the Kremlin). The hearing was broadcast on C-SPAN, here.Chairman Schiff, Ranking Mem
  
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• Back surgery sidelines Howard Schultz’s exploratory campaign

  12-06-2019 22:44 via news.yahoo.com
  Schultz said he underwent three surgeries after experiencing acute pain in Arizona.
  
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• Taking heat from critics, Bernie Sanders defends democratic socialist views

  12-06-2019 22:34 via news.yahoo.com
  Sanders said his vision of democratic socialism would guarantee a fair deal and basic economic rights for all Americans and would be instrumental in beating Republican President Donald Trump in the 2020 election.Roosevelt's Depression-era New Deal policies, which included public works jobs, strong banking and financial regulations and the Social Security retirement program, made huge progress in protecting the needs of working families, Sanders said.
  
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• Donald Trump Jr tells senators probing Trump Tower meeting 'he'd never whisper in his father's ear'

  12-06-2019 22:31 via news.yahoo.com
  Donald Trump Jr reportedly told senators investigating the controversial Trump Tower meeting, he did not tell the president about it in advance and that he would “never whisper in his father’s ear”.The president’s eldest son testified behind closed doors on Capitol Hill, to answer further questions about a meeting he and other senior members of the Trump campaign took with a Kremlin-linked lawyer, in the summer of 2016. Mr Trump Jr, along with the president’s son-in
  
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• The Latest: Japanese leader seeks to cool US-Iran tensions

  12-06-2019 22:29 via news.yahoo.com
  The leader of Japan is visiting Iran to warn that an "accidental conflict" could be sparked amid heightened tensions between Iran and the U.S. Prime Minister Shinzo Abe delivered that message just hours after Yemen's Iranian-backed Houthi rebels attacked an airport in Saudi Arabia, wounding 26 people.Abe's trip is the highest-level effort yet to de-escalate the crisis as Tehran appears poised to break the 2015 nuclear deal it struck with world powers.
  
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• Ex-Starbucks CEO Howard Schultz, mulling a run for president, taking summer off after back surgeries

  12-06-2019 22:17 via news.yahoo.com
  Schultz, in an email to supporters, said over the past two months he has undergone three separate back surgeries.
  
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• Explainer: Can Trump use executive privilege to block congressional probes?

  12-06-2019 22:15 via news.yahoo.com
  Like numerous U.S. presidents before him, Donald Trump has invoked the legal doctrine known as executive privilege to try to block congressional investigators from getting access to certain documents and witnesses they are seeking.Trump has cited executive privilege twice so far as part of his effort to stonewall Congress on its multiple inquiries into his presidency, finances and businesses.Trump turned to executive privilege for a second time on Wednesday to keep under wraps documents on addin
  
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• Gwyneth Paltrow Doesn't Always Live With Her Husband. A Relationship Expert Says There Can Be Benefits to That.

  12-06-2019 22:13 via news.yahoo.com
  An expert breaks down why this can be good for a marriage
  
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• Trump news: President asserts executive privilege over subpoenaed documents as he rages over humiliating polls

  12-06-2019 22:10 via news.yahoo.com
  California senator Kamala Harris, one of the leading Democratic candidates to challenge the president in 2020, has said the Justice Department would have little choice but to pursue criminal obstruction charges against Donald Trump if she were elected to the Oval Office.President Trump has meanwhile lashed out on Twitter suggesting reports about internal polling indicating he might lose next year’s race are “Fake numbers” and the work of the “Fake (Corrupt) News Media&rdq
  
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• In Trump probes, Congress wary of power to arrest, fine

  12-06-2019 21:58 via news.yahoo.com
  A power that the U.S. Congress has not wielded since the 1930s may remain unused for a while longer as Democrats turn to the courts -- not long-dormant rules -- to press home investigations of President Donald Trump and his administration.Democratic leaders are reluctant to use the "inherent contempt" power, under which Congress can jail or fine people who defy its subpoenas, to end stonewalling by Trump's inner circle, said Representative Steve Cohen, a Democrat, and member of the House of Repr
  
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• 9/11 victims bill passes House panel after Jon Stewart's plea receives standing ovation

  12-06-2019 21:56 via news.yahoo.com
  The House Judiciary Committee has unanimously passed a bill which would permanently reauthorize the 9/11 Victim Compensation Fund on Wednesday.The decision comes the day after comedian Jon Stewart appeared before the committee with an impassioned testimony in support of the Fund. The bill is a response to a February announcement that future payouts from the Fund would be cut by as much as 70 percent to offset surging claims from those who are ill, as well as from the families of those who have d
  
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• 2020 Democrats shy from 'socialist' label. Not Bernie Sanders

  12-06-2019 21:47 via news.yahoo.com
  As Sen. Bernie Sanders doubles down on "democratic socialism," he speaks to the broader themes of the 2020 presidential race.
  
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• iRobot's Super Popular Roomba Vacuum is 40% Off Today

  12-06-2019 21:42 via news.yahoo.com
  But this deal is here today, gone tomorrow.
  
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• Ex-Stanford Sailing Coach Gets First Sentence in College-Admissions Scam, Avoids Prison Time

  12-06-2019 21:41 via news.yahoo.com
  REUTERSFormer Stanford University sailing coach John Vandemoer was sentenced to two years of supervised release and six months of home detention on Wednesday, becoming the first of 50 defendants to be punished for their role in the college admissions scandal.Vandemoer pleaded guilty in March to a racketeering conspiracy in which he accepted $610,000 in payments to facilitate the admission of students as sailing recruits to Stanford. In addition to the home confinement and supervised release, Jud
  
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• Former Stanford sailing coach avoids prison in first sentence of college admissions scandal

  12-06-2019 21:32 via news.yahoo.com
  John Vandemoer is the first of the 22 defendants who have pleaded guilty in the nation's sweeping college admissions scandal to be sentenced.
  
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• Illinois Governor Signs Bill Scrapping Third-Trimester Abortion Restrictions

  12-06-2019 21:25 via news.yahoo.com
  Illinois governor J.B. Pritzker on Wednesday signed a wide-ranging bill protecting abortion rights in the state.The Reproductive Health Act states that "a fertilized egg, embryo, or fetus does not have independent rights under the laws of this state" and that an individual has a "fundamental right" to abortion."If you believe in standing up for women's fundamental rights, Illinois is a beacon of hope in the heart of this nation," Pritzker said before signing the law. "We trust women."T
  
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• Starbucks' Howard Schultz pauses presidential campaign efforts after back surgeries

  12-06-2019 21:24 via news.yahoo.com
  Howard Schultz, the former CEO of Starbucks who began building an independent campaign for president earlier this year, announced on Wednesday that he was pausing his bid after undergoing three back surgeries this spring."Today, I am feeling much better, and my doctors foresee a full recovery so long as I rest and rehabilitate.While campaigning in Arizona in April, Schultz said he began to experience acute back pain.
  
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• Trump calls battle over census citizenship question 'ridiculous'

  12-06-2019 21:23 via news.yahoo.com
  While claiming he has not been “overly involved in the census controversy,” President Trump called the question of whether to allow a question about citizenship on the 202 Census forms “totally ridiculous” Wednesday.
  
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• New Aston Martin DBX SUV Details Revealed by Preproduction Prototype

  12-06-2019 21:20 via news.yahoo.com
  A new set of images gives us our best look yet at Aston Martin's upcoming crossover.
  
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• Illinois establishes abortion as 'fundamental right'

  12-06-2019 21:20 via news.yahoo.com
  The governor of the US state of Illinois on Wednesday enacted a law establishing a "fundamental right" to abortion and removing old laws that criminalized the procedure.The law repeals criminal penalties on abortion providers, codifying what had already been de facto law through court rulings.The measure also requires private health insurance companies in the state to cover abortion procedures.
  
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• Huawei files to trademark mobile OS around the world after U.S. ban

  12-06-2019 21:08 via news.yahoo.com
  LIMA/SHANGHAI (Reuters) - China's Huawei has applied to trademark its "Hongmeng" operating system (OS) in at least nine countries and Europe, data from a U.N. body shows, in a sign it may be deploying a back-up plan in key markets as U.S. sanctions threaten its business model.The move comes after the Trump administration put Huawei on a blacklist last month that barred it from doing business with U.S. tech companies such as Alphabet Inc, whose Android OS is used in Huawei's phones.Since then, Hu
  
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• Hong Kong slams brakes on extradition bill amid massive protests

  12-06-2019 21:04 via news.yahoo.com
  The afternoon violence marked a major escalation in the semiautonomous Chinese territory’s biggest political crisis in years.
  
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• New Flynn Lawyer Is Firebrand DOJ Critic Sidney Powell

  12-06-2019 21:03 via news.yahoo.com
  “Attorney Powell is honored to represent General Flynn and he will continue to cooperate with the government in all matters,” her Dallas law firm said in a statement Wednesday.Powell, who hasn’t yet filed formal notice with the Washington federal court where Flynn’s case is pending, is a former prosecutor who on her website boasts of being lead counsel in more than 500 appellate cases.A regular presence on Fox News, Powell has been an outspoken critic of the Enron Task Fo
  
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• The Latest: Trump may visit Poland again in September

  12-06-2019 20:59 via news.yahoo.com
  President Donald Trump says he is seriously considering a return visit to Poland this fall.Trump last visited Poland in July, 2017, when he delivered a speech in which he vowed to confront "new forms of aggression" targeting the West and received an enthusiastic reception from a crowd of thousands chanting his name.
  
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• Google just revealed the Pixel 4 months earlier than expected

  12-06-2019 20:59 via news.yahoo.com
  In a shocking turn of events, Google shared the first image of its next smartphone on Wednesday, confirming many of the leaks that have been spreading around the internet over the last few weeks. If Google sticks to the same release schedule it had for the Pixel 3, then the Pixel 4 won't officially launch until October, which makes this an incredibly early reveal. But there's no denying that it will get people talking.If you've been keeping up with the countless leaks in recent weeks, the produc
  
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• Bernie Sanders goes all in on democratic socialism — again

  12-06-2019 20:44 via news.yahoo.com
  In what his campaign billed as a “major” speech, Sanders sought to define the label disparaged by Trump and other conservatives as a continuation of FDR’s New Deal.
  
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• Mexico: Amlo says sale of presidential plane will fund migrant crackdown

  12-06-2019 20:32 via news.yahoo.com
  Funds from sale of Andrés Manuel López Obrador’s jet will be put toward the deployment of the newly formed national guard The presidential plane, pictured in Colombia in June 2017. Photograph: Anadolu Agency/Getty ImagesAndrés Manuel López Obrador has promised to fund a crackdown on migrants to Mexico from Central America with proceeds from the sale of his office’s aircraft, a 787 Dreamliner which has been on offer since shortly after the Mexican president
  
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• Jamie Dimon Draws a Bernie Sanders Taunt by Knocking Socialism

  12-06-2019 20:30 via news.yahoo.com
  Dimon, speaking at a Business Roundtable event on Wednesday, said giving the government control of companies allows them to be used for political purposes, leading to deterioration.“I didn’t hear Jamie Dimon criticizing socialism when Wall Street begged for the largest federal bailout in American history—some $700 billion from the Treasury and even more from the Fed,” he wrote on Twitter.
  
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• Lam Urges a Return to Order After Protests: Hong Kong Update

  12-06-2019 20:20 via news.yahoo.com
  The Legislative Council delayed its debate on the proposal after thousands of demonstrators -- most clad in black or white -- swarmed the government complex in central Hong Kong, eventually prompting scuffles with police at the chamber doors.The protesters called for Lam to withdraw the bill, which they argue would blow up the legal wall intended to keep the former British colony’s justice system separate from China’s.
  
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• Investors retreat further from U.S. stock funds as trade tensions mount: ICI

  12-06-2019 20:17
  Investors extended their retreat from the U.S. stock market by pulling nearly $8.2 billion out of mutual funds and exchange-traded funds that hold domestic equities last week, according to data...
  
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• Ford recalls 1.2 million Explorer SUVs, 123,000 F-150 pickups over crash risk

  12-06-2019 20:15 via news.yahoo.com
  Ford Motor Co. issued several recalls, including more than 1.2 million Ford Explorer SUVs and more than 120,000 Ford F-150 pickup trucks.
  
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• 2020 Dem: Congress should investigate Trump before moving towards impeachment

  12-06-2019 20:15 via news.yahoo.com
  Sen. Michael Bennet warned that any effort right now to remove Trump from office will likely fail in the GOP-controlled Senate.
  
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• Mueller's first remarks stuck to the facts, refocused attention on Russia, rekindled impeachment talk

  12-06-2019 20:14 via news.yahoo.com
  Robert Mueller made a public appearance Wednesday reminiscent of his long tenure at the FBI. This time he revived an impeachment debate.
  
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• Bodies of Maryland couple who died at Dominican Republic resort returned to US

  12-06-2019 20:10 via news.yahoo.com
  Edward Nathaniel Holmes and Cynthia Ann Day were found dead in their hotel room in the Dominican Republic on May 30.
  
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• Impeach Trump and don't worry (much) about President Mike Pence. We already have him.

  12-06-2019 20:08 via news.yahoo.com
  We now have President Pence plus Trump's criminality, obstruction, aspiring authoritarianism and reliance on us to subsidize his family and businesses.
  
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• Impeachment would send Trump and his ego into a tailspin. Democrats should just do it.

  12-06-2019 20:06 via news.yahoo.com
  Trump sees Democrats' hesitancy as weakness and feels empowered by it. They should call his bluff. Impeachment is a fitting punishment and legacy.
  
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• Pelosi chooses politics over principle on Trump impeachment. Just like Mitch McConnell.

  12-06-2019 20:05 via news.yahoo.com
  If Mitch McConnell and Republicans are reprehensible for not moving against an impeachable president, then so is Pelosi. You can’t have it both ways.
  
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• Relatives ask jury to spare life of father who killed 5 kids

  12-06-2019 20:04 via news.yahoo.com
  One more group of family members asked a jury Wednesday to spare the life of a South Carolina father convicted of murdering his five children, saying they have been through enough pain already.The same jury that convicted Timothy Jones Jr. of killing his five children in their Lexington home in August 2014 is set to begin deliberating his fate Thursday morning.
  
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• Japan's PM urges Iran to play 'constructive role' in Mideast

  12-06-2019 20:03 via news.yahoo.com
  Japan's visiting Prime Minister Shinzo Abe called on Iran to play a "constructive role" for peace in the Middle East on Wednesday after meeting with President Hassan Rouhani."It is essential that Iran plays a constructive role in building solid peace and stability in the Middle East," Abe told a joint news conference in Tehran with the Iranian leader.
  
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