Finance news

• US diplomat gets 40 months in jail over Chinese agent ties

  09-07-2019 23:57 via news.yahoo.com
  A US diplomat was sentenced to 40 months in prison Tuesday for lying to investigators about money she received from Chinese intelligence agents in exchange for US documents.The US Justice Department said Candace Marie Claiborne, 63, pleaded guilty to conspiracy to defraud the United States in one of several high-profile cases involving Beijing spies' recruitment of US officials with access to classified intelligence.Claiborne was a Department of State office management specialist based in Beijin
  
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• Tax returns show Biden income spiked after leaving office

  09-07-2019 23:57 via news.yahoo.com
  Democrat Joe Biden made more than $15 million in the two years since leaving the US vice presidency, according to tax returns released Tuesday, making him the wealthiest major 2020 challenger to President Donald Trump.The Democratic frontrunner's income spiked to $11 million in 2017 from just under $400,000 one year earlier, when he was serving his final year as vice president.The majority of the $11,037,751 in 2017 income and the $4,580,437 in 2018 is attributable to book payments -- Biden wrot
  
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• UK envoy's leaked views inspire more insults in Trump tweets

  09-07-2019 23:48 via news.yahoo.com
  U.S. President Donald Trump lashed out at Britain's ambassador to the United States for a second day, describing him as "wacky" and a "pompous fool" after leaked documents revealed the envoy's dim view of Trump's administration.Trump fired off a series of tweets about Ambassador Kim Darroch hours after British Prime Minister Theresa May gave the veteran diplomat her continued support."The wacky Ambassador that the U.K. foisted upon the United States is not someone we are thrilled with, a very st
  
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• Dollar gains, stocks mostly fall ahead of key Powell testimony

  09-07-2019 23:47 via news.yahoo.com
  Global stocks mostly fell Tuesday ahead of key congressional testimony by Federal Reserve Chair Jerome Powell, while the dollar advanced again on anticipation the commentary could be less dovish than expected.
  
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• ‘Middle Class Joe’ Biden’s Income Surged to $15 Million in Two Years

  09-07-2019 23:37 via news.yahoo.com
  (Bloomberg) -- Democratic front-runner Joe Biden is building his presidential campaign around the middle class values he shares with his core voters. Now he may need to convince them he’s still one of them.New financial disclosures show that Biden has become a multimillionaire in the two years since he left the Obama administration. The former vice president and his wife, Jill, earned more than $15.6 million in 2017 and 2018, according to tax returns for those years released by his campaig
  
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• Trump attorney says president's legal team isn't concerned about impeachment, Mueller

  09-07-2019 23:29 via news.yahoo.com
  When asked by "The Investigation" about Robert Mueller's upcoming testimony on the Hill, Trump's personal attorney Jay Sekulow said, "They're just looking for the gotcha moment. I don't see it."
  
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• McConnell Compares Himself to Obama on Reparations for Slavery

  09-07-2019 23:24 via news.yahoo.com
  (Bloomberg) -- Senate Majority Leader Mitch McConnell compared himself to former President Barack Obama in response to an NBC News report that his ancestors owned slaves. The article cited McConnell’s opposition to reparation proposals that have become a hot topic in the Democratic presidential campaign.“I find myself once again in the same position as President Obama,” the Kentucky Republican said Tuesday. “We both opposed reparations and we both are the descendants of s
  
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• AOC to be sued after court rules Trump can't block people on Twitter

  09-07-2019 23:14 via news.yahoo.com
  After a federal court ruled Donald Trump could not constitutionally block people on Twitter, Democratic congresswoman Alexandria Ocasio-Cortez was threatened with a lawsuit for allegedly doing the same.The court found Mr Trump’s blocking infringed on first amendment rights to free speech and that people had a right to see his posts, reply to his tweets, and send him messages. The 2nd circuit court of appeals stated that because Mr Trump uses a non-private Twitter account to communicate wit
  
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• US says Taiwan arms sale seeks to promote peace

  09-07-2019 23:10 via news.yahoo.com
  The United States said Tuesday that its $2.2 billion arms sale to Taiwan will contribute to stability in Asia after China demanded that Washington cancel the order.The State Department said the deal, which includes battle tanks and anti-aircraft missiles, did not change US recognition of Beijing as China's sole government."Our interest in Taiwan, especially as it relates to these military sales, is to promote peace and stability across the strait, across the region," State Department spokeswoman
  
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• Fact: America Has No Way to Attack Venezula Using Navy Aircraft Carriers

  09-07-2019 23:06 via news.yahoo.com
  It’s true that U.S. Southern Command permanently controls none of the U.S. Navy’s 11 aircraft carrier and few other major forces.A failed coup attempt targeting Venezuelan president Nicolas Maduro on April 30 ended in confusion and failure. Russian and Cuban advisors and a strong core of the Venezuelan military continues to support Maduro amid economic collapse and widespread protests.(This first appeared several weeks ago.)U.S. president Donald Trump in 2018 threatened military acti
  
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• Billionaire and activist Tom Steyer announces run for president

  09-07-2019 23:06 via news.yahoo.com
  On Tuesday morning, billionaire and activist Tom Steyer became the most recent Democrat to join the race for president.
  
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• U.S. wants military coalition to safeguard waters off Iran, Yemen

  09-07-2019 23:04 via news.yahoo.com
  The United States hopes to enlist allies over the next two weeks or so in a military coalition to safeguard strategic waters off Iran and Yemen, where Washington blames Iran and Iran-aligned fighters for attacks, the top U.S. general said on Tuesday.Under the plan, which has only been finalized in recent days, the United States would provide command ships and lead surveillance efforts for the military coalition.Allies would patrol waters near those U.S. command ships and escort commercial vessel
  
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• eBay takes on Amazon’s Prime Day with a deals bonanza of its own

  09-07-2019 23:02 via news.yahoo.com
  We're less than a week away from Amazon's two-day 2019 Prime Day event, but that doesn't mean Amazon is the only major retailer to host a Black Friday-like sales event in July.eBay is one of the companies out there that's also ready to deliver a few exciting discounts this summer, and its sales period spans some two weeks, from July 8th to July 22nd.eBay calls its Prime Day alternative the "Summer Brand Outlet," and says that thousands of items will be discounted throughout the two- week period.
  
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• Pelosi and Schumer: Trump Labor Secretary Acosta must resign over plea deal for Jeffrey Epstein

  09-07-2019 22:55 via news.yahoo.com
  Former Vice President Joe Biden also called on Acosta to resign, writing on Twitter that "The abuse of a child is one of the most heinous, despicable abuses of power imaginable."
  
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• Tom Steyer Brings $100 Million to the Democratic Primary. That May Not Be Enough

  09-07-2019 22:49 via news.yahoo.com
  Tom Steyer has support from his efforts to impeach President Donald Trump and a willingness to spend $100 million of his own money.
  
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• Britain's PM hopefuls battle over Brexit in bad-tempered debate

  09-07-2019 22:45 via news.yahoo.com
  Boris Johnson and Jeremy Hunt, rivals to become Britain's next prime minister, clashed over who could be most trusted on Brexit on Tuesday in a sometimes bad-natured television debate just two weeks before one will be crowned. With Johnson way out in front of the race to replace Prime Minister Theresa May, both were asked repeatedly to prove that they would take Britain out of the European Union on Oct. 31 and would protect business from a so-called no-deal Brexit. More than three years since Br
  
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• Boeing falls behind Airbus in deliveries as 737 MAX crisis bites

  09-07-2019 22:45 via news.yahoo.com
  Airbus is on track to overtake Boeing in commercial plane deliveries for 2019 after outpacing its US rival at mid-year following the 737 MAX grounding, according to data released Tuesday.Boeing, which has halted deliveries of the top-selling plane since mid-March, reported 239 commercial plane deliveries in 2019 through the year's midpoint, down 37 percent from the year-ago period.Airbus reported 389 deliveries for the same period, up 28 percent from the same period in 2018, according to data on
  
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• U.S. Democratic lawmakers declare climate emergency

  09-07-2019 22:42 via news.yahoo.com
  Democratic lawmakers, including six presidential candidates, on Tuesday unveiled a Congressional resolution declaring a climate change emergency to spur "sweeping reforms" to stem a dangerous rise in global temperatures.
  
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• Second person accused of licking Blue Bell ice cream at store

  09-07-2019 22:42 via news.yahoo.com
  Another apparent incident of someone licking ice cream at a store has surfaced. This time it's in Louisiana.
  
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• Get ready for summer weather with 2 pairs of best-selling unisex aviator sunglasses for $12

  09-07-2019 22:41 via news.yahoo.com
  Summer weather is here, and there's a new Amazon sale that proves you don't have to spend a million bucks to look like a million bucks. Stylle Classic Aviator Sunglasses are among the best-selling unisex aviator sunglasses on all of Amazon, and they're on sale right now at a price that's hard to believe. $11.99 gets you not one but TWO pairs of these awesome sunglasses, dropping the per-unit cost to just $6!Here are the bullet points from the product page:* metal frame* Plastic lens* non-polariz
  
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• Two active-duty Marines accused of smuggling migrants from Mexico for cash

  09-07-2019 22:24 via news.yahoo.com
  Lance Cpls. Byron Darnell Law II and David Salazar-Quintero, both active-duty Marines stationed at Camp Pendleton, were arrested by Border Patrol agents.
  
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• AOC to be sued after court rules Trump can’t block people on Twitter

  09-07-2019 22:12 via news.yahoo.com
  After a federal court ruled Donald Trump could not constitutionally block people on Twitter, Democratic congresswoman Alexandria Ocasio-Cortez was threatened with a lawsuit for allegedly doing the same.The court found Mr Trump’s blocking infringed on first amendment rights to free speech and that people had a right to see his posts, reply to his tweets, and send him messages. The second circuit court of appeals stated that because Mr Trump uses a non-private Twitter account to communicate
  
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• McConnell: I’m with Obama on reparations

  09-07-2019 22:11 via news.yahoo.com
  The former president also opposed the idea.
  
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• The Latest: Finalists in UK leader vote trade Brexit barbs

  09-07-2019 22:05 via news.yahoo.com
  The two men vying to be Britain's next leader have traded verbal blows during a televised debate over which of them is more likely to deliver a successful exit from the European Union.Conservative Party politicians Boris Johnson and Jeremy Hunt both claimed during the Tuesday night debate that they were best placed to negotiate the U.K. to Brexit day, which was postponed twice and currently is scheduled for Oct. 31.Johnson says Britain leaving on schedule, with or without a divorce deal with the
  
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• Drugmakers Boost Prices Up to 909%, Defying Political Pressure

  09-07-2019 22:03 via news.yahoo.com
  (Bloomberg) -- Bipartisan efforts to lower drug prices in Washington have not prevented drugmakers from going about their business and raising drug prices, according to Wells Fargo & Co.In fact, analysts at the firm found that pharmaceutical companies are getting aggressive in their price hikes again. Wells Fargo’s analysis of Wolters Kluwer PriceRx data found that companies have raised medicine costs by 27% on average last month, with a subsidiary of Teva Pharmaceutical Industries Ltd
  
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• Delta airlines flight makes emergency landing after broken plane part flies into engine after takeoff

  09-07-2019 22:03 via news.yahoo.com
  A flight made an emergency landing after a piece of the plane broke off and flew into the engine. The malfunction occurred nearly an hour into Delta flight number 1425, after the plane had departed from Atlanta to Baltimore on Monday. Passengers described smoke filling the cabin area before a tense emergency landing in North Carolina.“After we heard the boom, we just saw all this smoke come up into the cabin and that’s when we really started freaking out,” one passenger told Ba
  
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• McConnell cites Obama in reparations debate: 'We both are the descendants of slave owners'

  09-07-2019 21:55 via news.yahoo.com
  Senate Majority Leader Mitch McConnell responds to reports that his great-great-grandfathers owned slaves.
  
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• Iran Guards commander says U.S. bases are in range of its missiles: Tasnim

  09-07-2019 21:55 via news.yahoo.com
  A commander in Iran's elite Revolutionary Guards said on Tuesdaythat U.S. regional bases and its aircraft carriers in the Gulf are within the range of Iranian missiles, the Tasnim news agency reported, amid heightened tension between Tehran and Washington."American bases are within the range of our missiles ... Our missiles will destroy their aircraft carriers if they make a mistake," said Hossein Nejat.
  
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• The Second Circuit Court of Appeals Was Wrong to Rule That Trump Can’t Block Twitter Users

  09-07-2019 21:50 via news.yahoo.com
  Earlier today the Second Circuit Court of Appeals ruled unanimously that Donald Trump cannot block Twitter users from following his @realDonaldTrump account. It’s an interesting decision from an ideologically diverse judicial panel that at first glance appears to be a straightforward application of conventional First Amendment law. It’s also wrong. It makes a crucial error that reflects a fundamental misunderstanding of speech on private social-media platforms.Boiled down to its esse
  
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• Colorful self-made billionaire H. Ross Perot dies at 89

  09-07-2019 21:47 via news.yahoo.com
  H. Ross Perot, the colorful, self-made Texas billionaire who rose from a childhood of Depression-era poverty and twice mounted outsider campaigns for president, has died.Perot, whose 19% of the vote in 1992 stands among the best showings by an independent candidate in the past century, died early Tuesday at his home in Dallas surrounded by his family, said the spokesman, James Fuller.As a boy in Texarkana, Texas, Perot delivered newspapers from the back of a pony.
  
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• Chloe Wiegand: Family of toddler who fell 11 stories to her death blame cruise liner

  09-07-2019 21:20 via news.yahoo.com
  The family of Chloe Wiegand, the toddler who fell 11 stories to her death on a cruise ship, have spoken out blaming the cruise liner for her death. While initial reports from police claimed that baby Chloe had fallen out of her grandfathers arms, the family claims that Chloe was sat on a railing near a wall in a children’s area while on a cruise to Puerto Rico.The family alleges that one of the windows in the wall had been opened, and when the young child went to press herself against it,
  
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• Two Marines arrested by border patrol while smuggling migrants near US-Mexico border, officials say

  09-07-2019 21:10 via news.yahoo.com
  Two Marines have been accused of attempting to smuggle three migrants through California, before being caught by a Border Patrol agent seven miles (11km) north of the Mexico border.The Marines were stopped by the agent on Wednesday morning, according to court documents, with the three individuals with them admitting they were Mexican citizens in the United States illegally.The migrants said they had been picked up from the side of the road in the US by the Marines, who have been identified as La
  
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• Wrecked 1967 Ford Mustang Fastback Drives Entire Power Tour 2019

  09-07-2019 21:09 via news.yahoo.com
  Having smashed into a Camaro on the second day. The 25th HOT ROD 2019 Power Tour Presented by Chevrolet Performance and Driven by Continental took place this year from June 8th through June 14th. The exciting seven-day, seven-city journey brings together more than 6,000 vehicles and 100,000 spectators to make it the largest traveling car show on the globe. That being said, each year has its highlights; and this time around, a 1967 Mustang Fastback is making it into the spotlight.This year was th
  
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• Former British Diplomats Say Trump's Dispute With the Ambassador Has Come at the Worst Possible Time

  09-07-2019 21:06 via news.yahoo.com
  A diplomatic rift between the U.S. and the U.K. has left former officials worried over the U.K.'s ability to conduct business in Washington.
  
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• California quakes left a crack in the Earth so big it can be seen from space

  09-07-2019 20:59 via news.yahoo.com
  Satellite images show a massive rupture in the Earth's surface left behind by the two earthquakes that rocked southern California last week.
  
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• Two Marines Arrested for Allegedly Smuggling Migrants Across Border

  09-07-2019 20:51 via news.yahoo.com
  Two U.S. Marines in California were arrested last week and charged with smuggling undocumented immigrants across the southern border, according to reports.Border Patrol agents arrested Marine Lance Corporals Byron Law II and David Salazar-Quintero of Camp Pendleton on July 3, after apprehending them in their car with three undocumented immigrants, who informed authorities they were citizens of Mexico without documentation.Border authorities had observed the three migrants getting into
  
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• US court to decide future of Obamacare

  09-07-2019 20:44 via news.yahoo.com
  Former US president Barack Obama's signature healthcare law, which has insured tens of millions of Americans, went before a federal appeals court Tuesday in a high-stakes case whose outcome could play a major role in the 2020 presidential campaign.A three-judge panel of the 5th US Circuit Court of Appeals in New Orleans was considering a lower court decision that found the bitterly contested law unconstitutional.If they uphold the lower court decision, millions of Americans, many of them sickly
  
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• Donald Trump defends Acosta role in plea deal involving accused sex trafficker Jeffrey Epstein

  09-07-2019 20:40 via news.yahoo.com
  President Donald Trump defended Labor Secretary Alex Acosta amid calls for his resignation over his role in cutting a plea deal with Jeffrey Epstein.
  
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• Senate leader McConnell says no chance of U.S. default on debt

  09-07-2019 20:31 via news.yahoo.com
  Senate Majority Leader Mitch McConnell declined on Tuesday to predict when the U.S. Congress would act to approve a new U.S. debt ceiling, but said he saw no chance of default on debt payments."There will not be any question that we will raise the debt ceiling," McConnell told reporters.Meanwhile, House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin on Tuesday discussed ways to reach agreement on extending U.S. borrowing authority and spending limits for the 2020 f
  
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• Ecuadorans end Chevron pollution lawsuit in Canada

  09-07-2019 20:31 via news.yahoo.com
  Indigenous Ecuadoran villagers hoping to make oil giant Chevron pay for pollution in the country's rainforest have formally withdrawn a lawsuit in Canada.Patricio Salazar, a lawyer for some of the plaintiffs, said in a statement on Tuesday his clients made the decision after "much soul searching" and were considering their options.The move comes three months after Canada's Supreme Court refused to hear an appeal from the Amazon villagers, effectively bringing their legal action in that country t
  
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• Judge's order on government lawyer shake-up adds hurdle for Trump in U.S. Census dispute

  09-07-2019 20:24 via news.yahoo.com
  A judge in New York on Tuesday denied the U.S. Department of Justice's request to shake up the legal team that was handling cases on the 2020 Census, adding another hurdle to the Trump administration's bid to put a contentious citizenship question on the survey."Defendants provide no reasons, let alone ‘satisfactory reasons,’ for the substitution of counsel,” Furman wrote in his order.
  
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• For Donald Trump, Courts Are Another 2020 Battleground

  09-07-2019 20:21 via news.yahoo.com
  As he heads into re-election, Donald Trump is again seeking to turn federal courts into a hot topic.
  
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• Trump to ‘unlawfully’ demand citizenship question included on census despite Supreme Court ruling

  09-07-2019 20:13 via news.yahoo.com
  Donald Trump will insist that 2020 census respondents are made to declare whether they are citizens, despite the Supreme Court ruling the question could not be included on forms, according to a US government official.The president is expected to issue a memorandum instructing his Commerce Department to include the question, a move critics warned would be “illegal” and could trigger “a constitutional crisis”.The US Census Bureau has said requiring respondents to declare if
  
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• Trump to 'unlawfully' demand citizenship question included on census despite Supreme Court ruling

  09-07-2019 20:13 via news.yahoo.com
  Donald Trump will insist that 2020 census respondents are made to declare whether they are citizens, despite the Supreme Court ruling the question could not be included on forms, according to a US government official.The president is expected to issue a memorandum instructing his Commerce Department to include the question, a move critics warned would be “illegal” and could trigger “a constitutional crisis”.The US Census Bureau has said requiring respondents to declare if
  
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• A Flock of Pelicans Took Out one of Israel's F-15 BAZ "FrankenEagles"

  09-07-2019 20:00 via news.yahoo.com
  The Baz (Falcon, as the F-15 Eagle is dubbed by IAF) tail number 122 was operated by pilot Lt. Col. Rotem who ironically was the mishap pilot during the bird strike.Do you remember the Israeli Air Force (IAF) F-15 “FrankenEagle,” the F-15 that was critically damaged in an emergency landing after being hit by a flock of pelicans in Jun. 2011?On Feb. 19, 2017, the aircraft finally took off for its first sortie since returning to the “Edge of the Spear” Squadron after a long
  
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• Sanders Teams Up With Ocasio-Cortez -- Again: Campaign Update

  09-07-2019 19:58 via news.yahoo.com
  (Bloomberg) -- Senator Bernie Sanders and his firebrand counterpart in the House, Alexandria Ocasio-Cortez, on Tuesday unveiled a resolution calling for “massive” federal action to reverse the effects of global warming.Sanders has frequently joined forces this spring and summer with Ocasio-Cortez, who could bestow one of the most coveted endorsements for 2020 Democratic candidates.The non-binding resolution declares that global warming is caused by humans and has resulted in “a
  
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• Trump derides May's 'foolish policies,' 'pompous' envoy

  09-07-2019 19:52 via news.yahoo.com
  Donald Trump assailed Britain's ambassador to the United States as a "pompous fool" and slammed outgoing premier Theresa May's "foolish" policies Tuesday in a second straight day of virulent attacks triggered by the leak of unflattering diplomatic cables.The missives threaten to plunge Washington and London into a rare diplomatic crisis and have landed their author, British envoy Kim Darroch -- and by default his prime minister -- in the US president's crosshairs.Britain's Foreign Secretary Jere
  
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• White House directs former aide not to answer over 200 questions in congressional probe

  09-07-2019 19:51 via news.yahoo.com
  President Trump's White House prevented a former aide from answering more than 200 questions from Democrats in Congress who are investigating Trump’s involvement with special counsel Robert Mueller's Russia probe, according to a transcript released Monday.
  
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• Saudi princess tried in absentia for alleged Paris beating

  09-07-2019 19:50 via news.yahoo.com
  The only daughter of Saudi Arabia's King Salman was put on trial in absentia Tuesday in Paris for allegedly ordering her bodyguard to strike a plumber she suspected of taking photos and video at the Saudi royal family's apartment in the French capital.Prosecutors allege Princess Hessa bint Salman became enraged when she saw the plumber allegedly capturing her image, fearing the pictures could be used to harm her as the Saudi monarch's daughter due to her country's conservative traditions.Bint Sa
  
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• Donald Trump defends Alex Acosta as fallout from Jeffrey Epstein case spreads

  09-07-2019 19:50 via news.yahoo.com
  Donald Trump’s labour secretary is facing mounting calls to resign over his role in the decade-long saga of accused sex offender Jeffrey Epstein, as powerful men across America scrambled to distance themselves from the financier. Alex Acosta was the US attorney for Southern Florida when, in 2008, he agreed to a non-prosecution deal aggressively pushed by Epstein’s high-powered legal team. Epstein, 66, was accused of procuring girls as young as 14 to visit his mansion, and paying them
  
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