Finance news

• Tlaib Denies Endorsing Bernie, Contradicting Omar’s Earlier Announcement

  16-10-2019 23:55 via news.yahoo.com
  Representative Rashida Tlaib (D., Mich.) on Wednesday afternoon contradicted earlier reports that she was set to join fellow members of “The Squad” Alexandria Ocasio-Cortez (D., N.Y.) and Ilhan Omar (D., Minn.) in endorsing Senator Bernie Sanders for the Democratic presidential nomination.“I have not made any endorsement at this time. It is critically important to me to involve my residents and my district in every major decision I make, because staying rooted in our community
  
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• Actress Felicity Huffman won't serve her full 14-day prison sentence

  16-10-2019 23:46 via news.yahoo.com
  The former "Desperate Housewives" star, who reported for her 14-day prison sentence on Oct. 15, will reportedly serve only 13 days behind bars. People magazine cited the Federal Bureau of Prisons' inmate locator when reporting the news. She'll be released on Oct. 27.
  
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• Fox’s Neil Cavuto Challenges Trump-Boosting Colleague: ‘Do You Fault the President for Anything?’

  16-10-2019 23:42 via news.yahoo.com
  Fox News anchor Neil Cavuto on Wednesday confronted one of the network’s most loyal Trump defenders, dismantling Fox News legal analyst Gregg Jarrett’s latest pro-Trump book that asserts the president is the victim of an ongoing “witch hunt” by the so-called Deep State and Democrats.As Jarrett promoted his new book on Cavuto’s show, the pro-Trump pundit immediately remarked that his host’s copy of the book was marked with a “lot of yellow Post-It notes.&
  
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• Americans Now Need at Least $500,000 a Year to Enter Top 1%

  16-10-2019 23:35 via news.yahoo.com
  (Bloomberg) -- One definition of rich is getting into the top 1%. If that’s your goal, it’s becoming harder to reach.The income needed to exit the bottom 99% of U.S. taxpayers hit $515,371 in 2017, according to Internal Revenue Service data released this week. That’s up 7.2% from a year earlier, even after adjusting for inflation.Since 2011, when Occupy Wall Street protesters rallied under the slogan “We are the 99%,” the income threshold for the top 1% is up an inf
  
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• Analysis: Trump impulsiveness a theme in impeachment, Syria

  16-10-2019 23:34 via news.yahoo.com
  The president's decision to push Ukraine to investigate a political rival prompted Democrats to launch the House impeachment inquiry, and Trump's critics equate his abrupt decision to pull U.S. troops out of northern Syria with throwing a match on a powder keg.Both actions reflect an increasingly confident Trump's inclination to listen to his gut over his foreign policy and national security advisers, a proclivity that is rattling U.S. allies and emboldening enemies.
  
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• Mormon church opposes Utah LGBTQ 'conversion therapy' ban

  16-10-2019 23:32 via news.yahoo.com
  A proposed ban on so-called conversion therapy in Utah is in danger of being derailed after the influential Church of Jesus of Christ of Latter-day Saints came out Tuesday night in opposition, just months after it said it wouldn't stand in the way of a similar measure under consideration.State regulators crafted the rule at the request of Republican Gov. Gary Herbert, a member of the church, who in June asked for a set of rules after a similar bill died in the Legislature despite the church not
  
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• Mexico court lets president's pet airport go ahead

  16-10-2019 23:01 via news.yahoo.com
  A Mexican court decided Wednesday to allow construction to go ahead on a new airport pushed by the president, who is locked in a row with the business community over the project.The ruling is a victory for leftist President Andres Manuel Lopez Obrador, who campaigned against his predecessor's "corruption-plagued" plan for a new $13-billion airport for Mexico City, and wants to replace it with a rival project.Instead of building the sleek new airport -- which would have replaced the badly overstr
  
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• Scientists discover big storms can create 'stormquakes'

  16-10-2019 22:59 via news.yahoo.com
  The shaking of the sea floor during hurricanes and nor'easters can rumble like a magnitude 3.5 earthquake and can last for days, according to a study in this week's journal Geophysical Research Letters.A stormquake is more an oddity than something that can hurt you, because no one is standing on the sea floor during a hurricane, said Wenyuan Fan, a Florida State University seismologist who was the study's lead author."This is the last thing you need to worry about," Fan told The Associated Press
  
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• Puerto Rico Senator Pushes Anticorruption Bill After Arrests

  16-10-2019 22:58 via news.yahoo.com
  (Bloomberg) -- Puerto Rico’s senate majority leader has introduced a bill to combat corruption in the bankrupt U.S. commonwealth, whose officials have faced presidential criticism and federal prosecution as it rebuilds after 2017’s devastating Hurricane Maria.The bill by Senator Carmelo J. Rios-Santiago of the ruling New Progressive Party, would require government contractors to use software that would track hours worked, screen time used and subject matter handled.“This is a g
  
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• McConnell gives Senate GOP lesson on impeachment trial rules

  16-10-2019 22:57 via news.yahoo.com
  Senate Republicans got a civics lesson Wednesday on their roles in an impeachment trial.Senate Majority Leader Mitch McConnell led the lesson Wednesday as the chamber's top Republican and as one of a handful of Republicans remaining in the Senate from the 1999 impeachment trial of President Bill Clinton.
  
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• Ocasio-Cortez endorsement gives Sanders shot in the arm at critical time

  16-10-2019 22:53 via news.yahoo.com
  Sanders’ recent heart attack was a reminder that he would be the oldest person ever elected president Representative Alexandria Ocasio-Cortez speaks alongside Senator Bernie Sanders during a press conference to introduce college affordability legislation outside the US Capitol in June. Photograph: Saul Loeb/AFP via Getty ImagesBernie Sanders was in trouble. Why, pundits asked, would anyone vote for a 78-year-old white man – and socialist! – who just had a heart attack?On Tuesda
  
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• Senate Republicans are preparing for a speedy impeachment trial

  16-10-2019 22:50 via news.yahoo.com
  Senate Republicans are preparing for a speedy impeachment trial that concludes before the end of the year.
  Senate Majority Leader Mitch McConnell surmised that the Senate could deal with the trial by Christmas, concluding the impeachment proceedings before the Democratic presidential primaries begin.
  
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• McGrath fundraising tops $10 million in Senate race

  16-10-2019 22:45 via news.yahoo.com
  Showing her mettle as a campaign fundraiser, retired Marine combat pilot Amy McGrath hauled in more than $10.7 million since launching her bid to unseat Senate Majority Leader Mitch McConnell in Kentucky.McGrath has outpaced the powerful Republican lawmaker in fundraising since entering the race.McGrath entered the race in July, and candidates post some of their best fundraising totals in the opening months of their campaigns.
  
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• Blizzard Bans Three Student Gamers Over ‘Free Hong Kong’ Sign

  16-10-2019 22:43 via news.yahoo.com
  PATRIK STOLLARZ/AFP/Getty ImagesActivision Blizzard has suspended three collegiate gamers for expressing support for the Hong Kong protests and advocating for a boycott of the company. The three players—American University students identified by Vice as Casey Chambers, Corwin Dark, and one only by his handle TJammer—held up a sign that read “Free Hong Kong, boycott Blizz” during an official Blizzard broadcast of a tournament for the strategy card game Hearthstone. No
  
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• Trump rule may mean 1 million kids lose automatic free lunch

  16-10-2019 22:36 via news.yahoo.com
  Nearly a million children could lose their automatic eligibility for free school lunches under a Trump administration proposal that would reduce the number of people who get food stamps.The U.S. Department of Agriculture has released an analysis that says as many as 982,000 children could be affected by the change.About half would have to pay a reduced price of 40 cents for school lunch and 30 cents for breakfast.
  
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• Court seems split on possible resentencing for teen sniper

  16-10-2019 22:28 via news.yahoo.com
  Liberal and conservative justices seemed split Wednesday on whether to grant a new sentencing hearing to Lee Boyd Malvo, one of two snipers who terrorized the Washington, D.C., region in 2002 when he was a teenager.The Supreme Court heard arguments on whether Malvo, who was 17 at the time of the killings, was wrongly sentenced in Virginia to life without parole.Virginia argues Malvo's life sentence was not mandatory because the judge theoretically had discretion to suspend part of Malvo's life s
  
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• Pelosi, Trump exchange 'meltdown' barbs over meeting on U.S. policy in Syria

  16-10-2019 22:25 via news.yahoo.com
  U.S. House Speaker Nancy Pelosi said Democratic leaders cut short a meeting with Republican President Donald Trump after he had a "meltdown" over a House of Representatives vote condemning his Syria withdrawal and showed no signs of having a plan to deal with a crisis there.Trump called Pelosi a "third-rate politician" and the meeting in the White House deteriorated into a diatribe, Senate Democratic leader Chuck Schumer and House Majority Leader Steny Hoyer told reporters.
  
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• Alexandria Ocasio-Cortez’s endorsement of Bernie Sanders is a huge win for him and a way for her to hit back at the Democratic Party

  16-10-2019 22:19 via news.yahoo.com
  Bernie Sanders gets a political rock star's endorsement. Alexandria Ocasio-Cortez gets to prove her left-wing credibility to the progressive wing.
  
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• GM, UAW strike deal: Automaker, union reach tentative agreement on new contract

  16-10-2019 22:08 via news.yahoo.com
  General Motors and the United Auto Workers reached a proposed tentative agreement on a new contract Wednesday.
  
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• How Can This Be? The Mid-Engine Corvette's Forward Visibility is Actually Worse Than the Front-Engine C7's

  16-10-2019 22:00 via news.yahoo.com
  And our test data proves that it's not just a perception.
  
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• Trump rips ABC News reporter over network’s Syria screw-up

  16-10-2019 21:57 via politico.com
  President Donald Trump called on ABC’s chief White House correspondent at Wednesday’s news conference and then proceeded to call out his network for a recent error covering Syria.During the Q&A portion, Trump selected ABC’s Jonathan Karl, who asked the president about his decision to abandon Kurdish allies in Syria.“Even after all you have seen — ISIS prisoners freed, all the humanitarian disaster — you don’t have any regret for giving Erdogan the gr
  
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• Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion

  16-10-2019 21:48 via news.yahoo.com
  The City of Boston's retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1 billion in assets after allegations he made disparaging remarks about women last week."Boston will not invest in companies led by people who treat women like commodities.
  
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• Romania's ex-anti-graft chief confirmed as EU's top prosecutor

  16-10-2019 21:47 via news.yahoo.com
  Romania's former anti-graft chief Laura Codruta Kovesi has been confirmed as the European Union’s first top fraud prosecutor, the European Parliament announced on Wednesday in an appointment that comes despite opposition from Bucharest.Kovesi can now head the new European Public Prosecutor's Office (EPPO)for a seven-year term after a majority of EU member states, including the President of the European Parliament David Sassoli, backed her nomination in September.
  
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• US weather: 'Bomb cyclone' expected to lash northeast with fierce winds and rain

  16-10-2019 21:44 via news.yahoo.com
  A potential bomb cyclone is expected to hit the Northeast of the US Wednesday, according to the National Weather Service in Boston.New York City, Boston, and Maine will be affected, among other New England locations. It follows last week’s storm in the same area, which brought strong winds to beach’s along the East Coast.
  
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• Mystery as plane carrying Russian arms smugglers crashes in Congo

  16-10-2019 21:43 via news.yahoo.com
  The Democratic Republic of Congo has one of the world’s worst aviation safety records, so reports that an aircraft had tumbled into a remote forest last week caused few international ripples. Since then, however, a deepening mystery over the nature of the cargo and the identity of those on board has left the Congolese government facing awkward questions. The fate of the stricken plane, a mysterious Antonov-72 so far only identified by its former registration number, EK-72903, may also prov
  
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• Trump news: 'Shaken' president insults Pelosi at Syria meeting, as he repeats discredited conspiracy theories about Ukraine

  16-10-2019 21:42 via news.yahoo.com
  Donald Trump has raged about the “totally illegal & absurd” impeachment inquiry on Twitter and justified his decision to pull US troops out of Syria, leaving America’s allies in the Syrian Democratic Forces under siege from Turkey, by telling reporters at the White House the Kurdish people are “no angels”.Speaker Nancy Pelosi repeated on Tuesday that the House of Representatives would not cave in to Republican demands for a vote to approve the Democratic-led inq
  
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• Two Belgian Islamic State militants escape camp in north Syria: Belgium

  16-10-2019 21:39 via news.yahoo.com
  Two Islamic State militants from Belgium have escaped custody in northern Syria in the course of Turkey's offensive against Kurdish forces there, the head of Belgium's security assessment agency said on Wednesday.Paul Van Tigchelt, head of OCAD, told a parliamentary committee that two men and three women, either Belgian or with links to Belgium, were no longer in prison in a camp where they had been held under Kurdish control since the defeat of Islamic State (IS) by U.S.-backed coalition forces
  
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• Republicans infuriated by Schiff's secrecy

  16-10-2019 21:36 via news.yahoo.com
  Secrecy and strategic leaks in the impeachment inquiry have enraged Republicans, who charge that House Speaker Nancy Pelosi and House Intelligence Chairman Adam Schiff are circumventing the kind of public accounting that an impeachment should involve.
  
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• Correction: Bike Ride-Iowa story

  16-10-2019 21:35 via news.yahoo.com
  In a story Oct. 15 about the resignations of organizers of a popular Iowa bike ride, The Associated Press reported that Gannett, the Des Moines Register's parent company, didn't immediately respond to inquiries.IOWA CITY, Iowa (AP) — Organizers of the popular summer bike ride across Iowa are cutting ties with its longtime sponsor, the Des Moines Register, amid backlash over the newspaper's handling of a story.
  
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• Amazon fish wears nature's 'bullet-proof vest' to thwart piranhas

  16-10-2019 21:33 via news.yahoo.com
  One of the world's largest freshwater fish is protected by the natural equivalent of a "bullet-proof vest," helping it thrive in the dangerous waters of the Amazon River basin with flexible armor-like scales able to withstand ferocious piranha attacks.Researchers from the University of California, San Diego and University of California, Berkeley on Wednesday described the unique structure and impressive properties of the dermal armor of the fish, called Arapaima gigas.
  
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• A New Jersey school district wants to ban students from attending prom if they have more than $75 in school lunch debt

  16-10-2019 21:31 via news.yahoo.com
  The Cherry Hill, New Jersey school board passed a new policy Tuesday night which could allow schools to ban students from prom over lunch debt.
  
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• The Army’s 1,000-Mile Long Range Cannon Is Coming Together

  16-10-2019 21:27 via news.yahoo.com
  The service wants a prototype system in 2023.
  
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• U.S. tells Chinese diplomats to give notice of meetings

  16-10-2019 21:18 via news.yahoo.com
  Chinese diplomats in the United States must now give advance notice of any meetings with state, local and municipal officials, as well as at educational and research institutions, senior State Department officials said on Wednesday.The officials told reporters the move was an effort to "add reciprocity" to the way U.S. diplomats are treated in China."This action is a response to what the PRC (Peoples Republic of China) government does to limit the interaction our diplomats can have in China with
  
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• An Equestrian Was Shot by Her Olympic Trainer, Then Pummeled Online

  16-10-2019 21:18 via news.yahoo.com
  LONG VALLEY, N.J. -- The gunshots rang out from the back porch of the farmhouse, a little ways off from the stables and Olympic-level dressage arena, the improbable sound rising over the 53-acre estate. A woman had been shot twice in the chest by a man well known not merely to her but also to just about everyone in the rarefied dressage community: Michael Barisone, an Olympic rider, the owner of the farm and the woman's trainer. The shooting was the shocking culmination of a landlord-tenant disp
  
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• ‘Barbaric’: DLA Piper Partner Who Said Boss Assaulted Her Four Times Has Been Put on Leave

  16-10-2019 21:16 via news.yahoo.com
  Photo Illustration by The Daily Beast / Photos HandoutThe junior partner at top-grossing law firm DLA Piper who claimed she was sexually assaulted four times by her boss in 2018 has been placed on paid administrative leave.Vanina Guerrero, who works out of the multinational firm’s Silicon Valley corporate practice, filed a complaint with the U.S. Equal Employment Opportunity Commission earlier this month, claiming that the $2.84-billion firm discriminated against her and retaliated when sh
  
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• Trump says PKK is worse than ISIS, and that Graham would stay in Middle East for ‘the next thousand years’

  16-10-2019 21:10 via news.yahoo.com
  At a press conference with the president of Italy, President Trump said that the Kurdish group PKK is worse than ISIS, and that Sen. Lindsey Graham, R-S.C., would keep the U.S. in the Middle East for “the next thousand years with thousands of soldiers fighting other people’s wars.”
  
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• In Iraq, concern that Syria chaos would bring back IS

  16-10-2019 21:09 via news.yahoo.com
  Iraq's defense minister on Wednesday expressed concerns that the Islamic State group could take advantage of Turkey's invasion of northern Syria to destabilize Iraq, saying that a number of militants have been able to escape detention in Syria amid the chaos and cross into Iraq."The Iraqi government should act quickly to close illegal crossings between Iraq and Syria," al-Shammari said.
  
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• McConnell eyes quick impeachment trial in Senate

  16-10-2019 21:07 via politico.com
  Senate Republicans are preparing for a speedy impeachment trial that concludes before the end of the year.Senate Majority Leader Mitch McConnell told Senate Republicans on Wednesday that he expects Speaker Nancy Pelosi to approve articles of impeachment as early as Thanksgiving, according to five people familiar with Wednesday’s party lunch.McConnell then surmised that the Senate could deal with the trial by Christmas, concluding the impeachment proceedings before the Democratic presidenti
  
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• Trump's former top Russia adviser reportedly testified that EU ambassador Gordon Sondland was a national security threat

  16-10-2019 21:04 via news.yahoo.com
  Fiona Hill, President Trump's former top Russia and Europe adviser, was reportedly quite concerned that Gordon Sondland, the U.S. ambassador to the European Union, would accidentally divulge national security secrets while on the job, two people familiar with her private congressional testimony told The New York Times.Hill reportedly testified on Monday that Sondland was so unprepared for his job that she considered him a national security threat, though she reportedly did not accuse him of inte
  
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• SDF commander: Trump did not oppose deal with Damascus to fend off Turkish offensive

  16-10-2019 21:04 via news.yahoo.com
  U.S. President Donald Trump did not object to an agreement cut between Kurdish-led forces and the Syrian government to protect Syria from a Turkish offensive, Syrian Democratic Forces (SDF) commander Mazloum Kobani said on Wednesday.Kobani, who said he had a phone call with Trump, told Kurdish-language Ronahi TV that U.S. adversary Russia would guarantee the SDF agreement with Damascus.
  
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• U.S. Supreme Court wrestles over 'D.C. Sniper' life sentence appeal

  16-10-2019 20:45 via news.yahoo.com
  U.S. Supreme Court justices on Wednesday questioned whether a lower court sufficiently considered that a man convicted in the deadly 2002 "D.C. Sniper" shooting spree in the Washington area was a minor at the time of the crimes when he was sentenced to life in prison.The nine justices heard arguments in an appeal by the state of Virginia objecting to the lower court's decision ordering that Lee Boyd Malvo's sentence of life in prison without parole be thrown out.The most likely contender based o
  
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• Two years on, mourners seek justice for Maltese anti-graft journalist

  16-10-2019 20:41 via news.yahoo.com
  Thousands of people held candles and pictures on Wednesday at an evening vigil in Malta's capital Valletta to mark two years since anti-corruption journalist Daphne Caruana Galizia was killed by a car bomb outside her home.The Maltese government has been criticized by the Caruana Galizia family and the Council of Europe for its handling of the investigation.A group of Geneva-based human rights experts said Valletta must do more to establish the truth.
  
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• Alan Dershowitz Gets Rival Lawyer Booted From Epstein Victim’s Case

  16-10-2019 20:34 via news.yahoo.com
  REUTERS/Andrew InnerarityAlan Dershowitz may have lost his battle to dismiss a defamation lawsuit brought by Virginia Roberts Giuffre—who claims Jeffrey Epstein kept her as his “sex slave” and forced her to have sex with Dershowitz. But the Harvard Law professor scored his own victory: persuading a federal judge to disqualify Giuffre’s attorney, David Boies, and his firm, from her case.In an opinion filed Wednesday, U.S. District Judge Loretta Preska said she would d
  
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• Teenage Briton's retraction in Cyprus gang rape case was 'dictated by police' and written in poor English

  16-10-2019 20:31 via news.yahoo.com
  A British teenager who says she was gang raped by Israeli tourists in a beach resort in Cyprus told a court today that she was forced to sign a retraction by Cypriot police after they wrote it for her. During a three-hour cross-examination, the 19-year-old said the statement was in such broken English that “there is not one sentence that an English person would write. It does not make grammatical sense.” “It isn’t in proper English, it’s in Greek English. I'm a very
  
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• Five killed in Indian Kashmir as violence spikes

  16-10-2019 20:18 via news.yahoo.com
  Two non-Kashmiris were shot dead by suspected militants and three alleged rebels were killed by security forces, police said Wednesday, the deadliest day in the Indian-administered Kashmir valley since New Delhi revoked its autonomy.Ahead of the autonomy decision, the head of Kashmir's largest militant group Hizbul Mujahideen, Riyaz Naikoo, had warned that Indians in the territory would become legitimate targets if the valley's status were changed.In a separate shooting earlier Wednesday, suspec
  
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• Hubble Telescope zooms in on interstellar visitor

  16-10-2019 20:15 via news.yahoo.com
  The Hubble Space Telescope has captured the best pictures yet of our newest interstellar visitor.This comet from outside our solar system is zooming by us at a blistering 110,000 mph (177,000 kph).Hubble caught some glam shots over the weekend from a distance of 260 million miles (420 million kilometers).
  
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• Lawmakers Urge Trade Officials to Remove Tech Liability Shield

  16-10-2019 20:04 via news.yahoo.com
  (Bloomberg) -- A bipartisan group of lawmakers is stepping up efforts to have U.S. trade officials eliminate a legal liability shield that tech companies are pushing to keep in new agreements, including a deal to replace the North American Free Trade Agreement awaiting approval by Congress.“Including provisions in trade agreements that are controversial to both Republicans and Democrats is not the way to get support from Congress,” House Energy and Committee Commerce Chairman Frank P
  
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• Kansas lawmaker who left GOP running for Senate as Democrat

  16-10-2019 20:04 via news.yahoo.com
  One of four Kansas legislators who made headlines last year by defecting from the Republican Party is running for the U.S. Senate as a "pragmatic" Democrat, entering a race in which some GOP leaders are worried about immigration hardliner Kris Kobach 's chances should he win their party's nomination.State Sen. Barbara Bollier, a retired suburban Kansas City anesthesiologist, launched her bid Wednesday, a day after campaign finance reports showed that Kobach is well behind a GOP rival, U.S. Rep.
  
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• The Latest: Macron says IS who flee to Iraq should be tried

  16-10-2019 19:58 via news.yahoo.com
  French President Emmanuel Macron says foreign fighters from the Islamic State group who might flee Syrian detention centers and go to Iraq should be arrested and sent to trial there.Turkey launched a military operation in northeast Syria against Kurdish fighters who had been holding thousands of IS militants.Macron said "it's too soon" to say if some members of IS may seek to reach the European Union and France.
  
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• Ex-Pompeo adviser tells Congress he resigned over Trump's attacks on Yovanovitch

  16-10-2019 19:55 via politico.com
  A former top adviser to Secretary of State Mike Pompeo told House impeachment investigators on Wednesday that he abruptly resigned last week because of President Donald Trump’s attacks on the ousted U.S. ambassador to Ukraine and the State Department’s unwillingness to protect career diplomats from political pressure, according to two people familiar with the testimony.Michael McKinley, a career foreign service officer with nearly 40 years of experience, had a front-row seat to Pompe
  
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