Finance news

• Impeachment's hectic fourth week ends. Here's what to look for next week.

  18-10-2019 23:45 via news.yahoo.com
  The fourth week of the Democrats’ impeachment inquiry in Congress was the busiest so far, with five different depositions, a fractious meeting of Republicans and Democrats at the White House, and a shocking press conference by President Trump’s chief of staff.
  
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• Lagarde Says Trump Should Stop Criticizing the Fed With Tweets

  18-10-2019 23:44 via news.yahoo.com
  (Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.Incoming European Central Bank President Christine Lagarde said central banks best operate in a regime of independence and President Donald Trump shouldn’t interfere with the U.S. Federal Reserve.“Market stability should not be the subject of a tweet here or a tweet there," Lagarde said in an interview with CBS ‘60 Minut
  
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• Jury recommends death penalty for 'Boy Next Door Killer'

  18-10-2019 23:42 via news.yahoo.com
  A Los Angeles jury recommended the death penalty Friday for a man dubbed "The Boy Next Door Killer" after he was found guilty of two murders and an attempted murder.The victims of Michael Gargiulo, 43, included 22-year-old Ashley Ellerin, who was killed on a night in 2001 when she had plans with actor Ashton Kutcher.Gargiulo showed no reaction as the court clerk read the death sentence at the brief hearing.
  
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• Johnson will ask for Brexit delay after losing parliament vote -EU official

  18-10-2019 23:36 via news.yahoo.com
  Boris Johnson will send a letter on Saturday requesting a further extension to Britain's departure from the European Union, an EU official said, with the British prime minister obliged to ask for a delay after losing a vote in parliament.Instead, lawmakers voted 322 to 306 in favour of anamendment that turned Johnson's planned finale on its head by leaving the prime minister exposed to a humiliating obligation to ask the EU for a delay until the end of January 2020, and increasing the opportunit
  
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• Mitch McConnell Calls Syria Withdrawal ‘Grave Strategic Mistake’

  18-10-2019 23:31 via news.yahoo.com
  Senate majority leader Mitch McConnell (R., Ky.) lambasted the Trump administration’s decision to withdraw Troops from Syria on Friday, declaring that “America’s wars will be ‘endless’ only if America refuses to win them.”In an op-ed published in the Washington Post, McConnell — who said on Thursday that he wanted “a strong, forward-looking strategic statement” — called Trump’s withdrawal “a grave strategic mistake” th
  
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• Ex-officer who killed black man given 1-year prison sentence

  18-10-2019 23:30 via news.yahoo.com
  A former Georgia police officer who fatally shot an unarmed, fleeing black man was sentenced to one year in prison Friday, nearly two weeks after a jury acquitted him of manslaughter charges but found him guilty of violating his oath of office.Superior Court Judge Stephen Scarlett in Camden County near the Georgia-Florida state line also gave Zechariah Presley four years of probation.Presley's wife said her husband was the "backbone" of their family, and their sons would be devastated if he were
  
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• The Latest: Mayor: Chief drank before falling ill in car

  18-10-2019 23:21 via news.yahoo.com
  Chicago's mayor says that the police superintendent told her that he had a couple of drinks with dinner the night he later pulled over his vehicle because he felt lightheaded and fell asleep.Mayor Lori Lightfoot tells the Chicago Sun-Times that Superintendent Eddie Johnson also told her what he told the media about that he had recently changed medications and felt ill while driving home early Thursday and pulled over.Lightfoot says she has "no reason to doubt" Johnson's account of what happened,
  
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• ANALYSIS-Lira may be Turkey's Achilles heel in Syria battle

  18-10-2019 22:56 via news.yahoo.com
  Turkey's ability to sustain its military campaign in Syria may depend in part on what happens far away from the battlefield: in the foreign exchange market.The lira has long been a pinball of geopolitics and lightning rod for relations between Ankara and its Western allies, specifically Washington.Renewed pressure on the currency and attempts to stabilise it could further endanger Turkey's lean foreign currency reserves, leaving the country potentially with little room to defend the lira if sanc
  
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• Third parent in 24 hours caves in college admissions scandal, agrees to plead guilty

  18-10-2019 22:54 via news.yahoo.com
  The flurry of plea changes could signal that additional parents still fighting charges in the scam might also flip instead of going to trial next year.
  
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• AOC, Marco Rubio, and 5 more lawmakers just wrote a letter to Tim Cook calling Apple's decision to remove an app used by Hong Kong protesters 'deeply concerning' (AAPL)

  18-10-2019 22:54 via news.yahoo.com
  Lawmakers have criticized Apple's decision to remove an app that Hong Kong protesters were using to track police activity.
  
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• Cummings remembered as a mentor to many in Baltimore

  18-10-2019 22:50 via news.yahoo.com
  The top prosecutor in Baltimore knew exactly where to go for guidance after she made the decision to file charges in an explosive case involving the death of a black man in police custody.After that call in May 2015, State's Attorney Marilyn Mosby announced charges ranging from assault to murder against six officers in the case of Freddie Gray, whose death from a neck injury suffered during a jolting ride in the back of a police van had set off some of the worst riots in decades in Baltimore.Cum
  
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• What Happens Next in Ecuador

  18-10-2019 22:49 via news.yahoo.com
  Protests erupted in Ecuador this past week. What do they mean for the country and its economy? Ian Bremmer breaks it down.
  
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• 38 people cited for violations in Clinton email probe

  18-10-2019 22:42 via news.yahoo.com
  The State Department has completed its internal investigation into former Secretary of State Hillary Clinton's use of private email and found violations by 38 people, some of whom may face disciplinary action. The investigation, launched more than three years ago, determined that those 38 people were "culpable" in 91 cases of sending classified information that ended up in Clinton's personal email, according to a letter sent to Republican Sen. Chuck Grassley this week. The 38 are current and for
  
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• Kurdish General Said to Reject Turkish Occupation: Syria Update

  18-10-2019 22:28 via news.yahoo.com
  (Bloomberg) -- President Recep Tayyip Erdogan outlined his understanding of the Turkish-patrolled “safe zone” in northern Syria, saying the U.S. and Russia should also play a role in maintaining a corridor that he wants to stretch along a vast section of Turkey’s border.A deal reached with a top U.S. delegation on Thursday -- which secured a 120-hour cease-fire -- required Kurdish fighters to withdraw from an area 444 km long and 32 km deep, the president told foreign reporters
  
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• Mexico admits freeing Chapo's son after 'badly planned' operation

  18-10-2019 22:26 via news.yahoo.com
  Culiacán (Mexico) (AFP) - Mexico's president faced a firestorm of criticism Friday as his security forces acknowledged they arrested kingpin Joaquin "El Chapo" Guzman's son, then released him when his cartel responded with an all-out gun battle. Admitting his troops carried out a "badly planned" operation, Defense Minister Luis Sandoval said they briefly arrested Ovidio Guzman -- one of several sons running the Sinaloa drug cartel since their father was extradited to the US in 2017 -- but
  
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• The Latest: UN chief strongly condemns mosque attack

  18-10-2019 22:20 via news.yahoo.com
  U.N. Secretary-General Antonio Guterres is strongly condemning the attack inside a mosque during Friday prayers in eastern Afghanistan which killed scores of civilians and injured dozens more.An Afghan official said at least 62 people were killed in the mosque explosion in eastern Nangarhar province that caused the roof to collapse.
  
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• U.S. diplomat told Congress he raised red flag about Biden and Ukraine: source

  18-10-2019 22:19 via news.yahoo.com
  A U.S. diplomat told congressional investigators this week that he raised concerns about Hunter Biden's position with a Ukrainian energy company in 2015, only to be turned away by an aide to then-Vice President Joe Biden, a person familiar with the testimony said on Friday.Hunter Biden's role https://www.reuters.com/article/us-hunter-biden-ukraine/what-hunter-biden-did-on-the-board-of-ukrainian-energy-company-burisma-idUSKBN1WX1P7 on the board of Burisma Holdings Ltd while his father was in the
  
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• Here's why this year's flu shot is painful

  18-10-2019 22:16 via news.yahoo.com
  If you got your flu shot recently, your arm likely felt as though it had been sucker-punched in the days afterward. (And if you haven’t received the vaccine yet, here’s your friendly PSA to stop putting it off.)
  
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• Lebanon Leader Threatens to Abandon Ship During Largest Protests in Years

  18-10-2019 22:06 via news.yahoo.com
  (Bloomberg) -- Tens of thousands of protesters set fires and cut off roads across Lebanon Friday, demanding the removal of a political class whose mismanagement and corruption they say has brought the economy to the brink of bankruptcy.In a televised speech, Lebanese Prime Minister Saad Hariri gave his feuding coalition government a 72-hour deadline to get behind his plan for an economic overhaul or he would step aside and let them deal with a deepening crisis that has engulfed Lebanon in the bi
  
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• Wisconsin students walk out to protest racial slur firing

  18-10-2019 22:04 via news.yahoo.com
  Students at a Wisconsin high school skipped class Friday and marched through the streets of the state capital to protest the firing of a black security guard who was terminated for repeating a racial slur while telling a student not to call him that word.Scores of Madison West High School students walked out of class around 10 a.m. to protest the firing.Madison Police Department officials didn't respond to The Associated Press' request for a crowd count but told the Wisconsin State Journal newsp
  
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• Faced with protests, Lebanon PM blames own gov't for crisis

  18-10-2019 21:52 via news.yahoo.com
  Lebanon's prime minister gave his partners in government a 72-hour ultimatum to come up with "convincing" solutions for a rapidly worsening economic crisis, as nationwide protests against the country's entire ruling political class escalated.The blaze of protests was unleashed a day earlier when the government announced a slate of new proposed taxes, including a $6 monthly fee for using Whatsapp voice calls.The measures set a spark to long smoldering anger against top leaders from the president
  
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• Next-Gen Dodge Challenger Coming in 2023? Don't Be So Sure, Says Dodge

  18-10-2019 21:40 via news.yahoo.com
  The number 2023 spotted on press photos has people all excited, but Dodge told C/D it doesn't mean anything.
  
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• The Navy Wants to Push Out Problem SEALs. But Trump May Get in the Way.

  18-10-2019 21:33 via news.yahoo.com
  Spiking drinks with cocaine, shooting Iraqi civilians, strangling a Green Beret: The Navy SEAL teams have been rocked by one high-profile scandal after another in recent months, and the leader of the elite commando force, Rear Adm. Collin P. Green, has vowed to clean house.Green has come down hard on misconduct, fired two key leaders and made an unusually public admission that the Navy's secretive warrior caste has an "ethics problem." At the same time, though, he has steered wide of the SEAL at
  
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• Rep. Nunes tries to use Steele dossier to defend Trump during closed-door hearing

  18-10-2019 21:18 via news.yahoo.com
  During a closed-door impeachment meeting on Capitol Hill, Rep. Devin Nunes (R-CA) brought up a topic that surprised some attendees: the Steele dossier. The context, according to three sources familiar with the episode, was his effort to explain why President Trump might be “upset” about Ukraine.
  
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• Mystery traders 'made $1.8bn from stock bet' placed hours before Trump tweeted talks with China were ‘back on track’

  18-10-2019 21:13 via news.yahoo.com
  */Unknown actors may have made billions from the turmoil Donald Trump has created in the markets through erratic tweets, shoot-from-the-hip foreign policy, and the trade war with China, according to a new report.
  
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• 2020 Vision: Hillary Clinton thinks Russia will back Tulsi Gabbard to help Trump stay in power

  18-10-2019 21:11 via news.yahoo.com
  “This is not some outlandish claim,” Clinton said in an interview this week. “This is reality.”
  
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• Archaeologists discover hidden city in the jungle

  18-10-2019 21:08 via news.yahoo.com
  For centuries, the ancient city of Mahendraparvata has been buried under a dense canopy in the Cambodian jungle. It was one of the first capitals of the Khmer Empire, which controlled large swaths of Southeast Asia from the 9th to 15th centuries. Over the last 150 years, archaeologists have uncovered artifacts that they suspected came from Mahendraparvata, but they didn’t have enough evidence to support the link — until now.
  
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• Tension mounts in Canada as election nears

  18-10-2019 21:03 via news.yahoo.com
  With just three days left before Canada votes in a hotly contested election, Prime Minister Justin Trudeau and Conservative rival Andrew Scheer on Friday ratcheted up the mudslinging, as both seek to avoid ending up with a minority government.Policy announcements gave way to calls to vote strategically on Monday -- for Trudeau's Liberals, that means staying in power and preventing a rollback of his progressive policies.Conservatives countered with attack ads accusing Trudeau's camp of seeking to
  
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• U.S. Supreme Court to hear Trump appeal over rapid deportation dispute

  18-10-2019 20:59 via news.yahoo.com
  The U.S. Supreme Court stepped into a new immigration dispute on Friday, agreeing to hear an appeal by President Donald Trump's administration of a lower court ruling that could frustrate a top priority of his: quickly deporting illegal immigrants.The justices agreed to review a ruling by the San Francisco-based 9th U.S. Circuit Court of Appeals that favored a Sri Lankan asylum seeker.The 9th Circuit found that a federal law that largely stripped the power of courts to review quick deportations
  
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• Louis Vuitton x Donald Trump: the big fashion collab no one asked for

  18-10-2019 20:53 via news.yahoo.com
  Is Louis Vuitton not worried about the threat of aligning their plastic-y, tan hides with the plastic-y tan hide in chief? Donald Trump visits the Louis Vuitton Rochambeau Ranch leather workshop in Keene, Texas. Photograph: Jonathan Ernst/ReutersLouis Vuitton, the most valuable luxury brand in the world and prize pony of luxury conglomerate LVMH’s stables, has opened a Texas factory, AKA the Louis Vuitton Rochambeau Ranch. Vuitton promised the venture will provide 1,000 American jobs over
  
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• Trump Administration Gets High Court Review on Quick Deportation

  18-10-2019 20:48 via news.yahoo.com
  (Bloomberg) -- The U.S. Supreme Court agreed to hear a Trump administration appeal that could bolster the government’s ability to deport undocumented immigrants quickly after their asylum bids are rejected.Taking up a politically charged issue, the justices said they’ll review a lower court’s conclusion that people who enter the country illegally have a broad right under the Constitution to make their case to a federal judge before being deported.The case centers on “expe
  
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• Israeli forces shoot dead Palestinian at West Bank checkpoint

  18-10-2019 20:44 via news.yahoo.com
  Israeli forces shot a Palestinian who ran toward them with a knife near a military checkpoint in the occupied West Bank on Friday, Israel's defense ministry said, and Palestinian officials said he died of his injury.Israel's defense ministry said a Palestinian man ran toward a checkpoint between Israel and the central West Bank city of Tulkarem "with a knife in hand, with the apparent intention of attacking security personnel".
  
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• A steady plurality of Americans support impeaching Trump, and a steady majority support the impeachment inquiry

  18-10-2019 20:27 via news.yahoo.com
  Insider's polling has found that support for impeaching Trump has hardly changed, but partisanship has.
  
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• Trump is planning to sue CNN for 'misrepresention.' This ex-solicitor general thinks CNN will love it.

  18-10-2019 20:24 via news.yahoo.com
  President Trump's newest threat isn't much of a threat.In a letter to CNN sent Friday, Trump lawyer Charles Harder threatened to sue the network for apparently launching "unfair, unfounded, unethical and unlawful attacks" on Trump, especially in the era of impeachment. Trump is seeking monetary damages under the Lanham Act because CNN allegedly "misrepresented" the "trademark" that is Trump's name, and at least one lawyer seems to think it's ridiculous.In the letter, Trump's legal team takes aim
  
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• Here's the Deadline Countdown for Every Trump Impeachment Subpoena Issued So Far

  18-10-2019 20:22 via news.yahoo.com
  We're updating this live as more subpoenas are issued
  
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• Plans pushed back to explode 2 cranes in New Orleans

  18-10-2019 20:13 via news.yahoo.com
  Plans have been pushed back a day to bring down two giant, unstable construction cranes in a series of controlled explosions before they can topple onto historic New Orleans buildings, the city's fire chief said Friday, noting the risky work involved in placing explosive on the towers.Making it happen, putting people back in danger," McConnell said.Light, intermittent rain and winds were complicating efforts Friday as workers in buckets suspended from another crane worked to prepare the site, Mc
  
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• Trump says Kurds are 'very happy' with U.S.-brokered deal and U.S. has 'taken control' of oil

  18-10-2019 20:11 via news.yahoo.com
  Fighting is continuing near the Syria-Turkey border despite a Trump administration boast it had helped broker a 'cease-fire,' Kurdish authorities say.
  
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• Messages reveal a top Boeing pilot knew about problems with the 737 Max's 'egregious' behavior before 2 deadly crashes (BA)

  18-10-2019 20:11 via news.yahoo.com
  The messages from 2016 were sent by the chief technical pilot on the 737 Max to another employee, and revealed that he knew about issues with MCAS.
  
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• Deep-sea explorers find sunken warship from key WWII battle

  18-10-2019 20:07 via news.yahoo.com
  Deep-sea explorers scouring the world's oceans for sunken World War II ships are focusing in on debris fields deep in the Pacific, in an area where one of the most decisive battles of the time took place.Hundreds of miles off Midway Atoll, nearly halfway between the United States and Japan, a research vessel is launching underwater robots miles into the abyss to look for warships from the famed Battle of Midway.Weeks of grid searches around the Northwestern Hawaiian Islands already have led the
  
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• First Republican calls for Rick Perry to answer House subpoena

  18-10-2019 20:01 via politico.com
  Senior House Democrats say they won’t let up on their demands for documents and testimony from outgoing Energy Secretary Rick Perry in the wake of his resignation announcement — and at least one Republican agrees with them.Rep. Francis Rooney (R-Fla.) called on Perry Friday to comply with a House subpoena and cooperate with the impeachment inquiry into the Trump administration's actions in Ukraine.The secretary faces a Friday deadline to comply with the subpoena but has not said what
  
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• Income Inequality Has Soared While Taxes Have Become Dramatically Less Progressive . . . or Not

  18-10-2019 20:00 via news.yahoo.com
  The truth gets its boots on pretty quickly in the Internet age. On October 6, the New York Times ran a piece broadcasting the striking claims made by the economists Emmanuel Saez and Gabriel Zucman in the new book The Triumph of Injustice. Just a couple of weeks later, it’s clear that these claims are built atop a foundation of often questionable and sometimes indefensible assumptions.Per Saez and Zucman, while the rich have been pulling in more and more of the nation’s income &mdash
  
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• U.S. ground troops will not enforce Syria safe zone: defense secretary

  18-10-2019 19:53 via news.yahoo.com
  Turkish President Tayyip Erdogan earlier on Friday said Turkey will set up a dozen observation posts across northeast Syria, insisting that a planned "safe zone" will extend much further than U.S. officials said was covered under a fragile ceasefire deal.
  
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• Democrats Think They Can Win without You

  18-10-2019 19:50 via news.yahoo.com
  A  few days ago, Ericka Anderson, an old friend of National Review, popped up in the pages of the New York Times lamenting that “the Democratic presidential field neglects abundant pools of potential Democrat converts, leaving persuadable audiences — like independents and Trump-averse, anti-abortion Christians (some of whom are white evangelicals) — without options.”It’s not fair to expect the Democratic party to re-tailor its positions to appeal to conser
  
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• Boeing Pilot Lied to F.A.A. Regarding 737 Max Jet

  18-10-2019 19:43 via news.yahoo.com
  A Boeing pilot who tested the 737 Max jet in flight simulators in 2016 admitted in a series of text messages that he lied to the Federal Aviation Administration regarding the plane's performance.The text messages, reviewed by the New York Times, show that the lead technical pilot for the plane, Mark Forkner, was having trouble with an automated flight system known as MCAS. Malfunctions with MCAS caused two 737 Max jets to crash, killing a total of 346 people."It’s running rampant in t
  
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• Republican group slams Trump over Ukraine, G7 in new ads

  18-10-2019 19:35 via news.yahoo.com
  A conservative group that has frequently criticized President Donald Trump is running two television and digital ads that accuse him of using the Oval Office for personal profit and calls on his fellow Republicans to condemn the solicitation of foreign interference in U.S. elections.After the White House announced on Thursday that the 2020 G7 summit of world economic leaders will be held at Trump's Doral Resort, which has suffered financially during his presidency, Republicans for the Rule of La
  
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• Republican leader struggles to defend Mulvaney quid pro quo press conference remarks

  18-10-2019 19:34 via news.yahoo.com
  House Minority Leader Kevin McCarthy told reporters that acting White House chief of staff Mick Mulvaney was "very clear in cleaning up his statement" on whether President Trump floated a quid pro quo to Ukrainian leaders.
  
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• McCarthy tries to defend Mulvaney’s clarification on quid pro quo

  18-10-2019 19:34 via news.yahoo.com
  At a press conference on Friday, House Minority Leader Kevin McCarthy, R-Calif., took several questions about White House acting chief of staff Mick Mulvaney’s initial statement and clarification on whether there was a quid pro quo between the Trump administration and the president of Ukraine.
  
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• ‘Mulvaney needs to learn when to stop talking’: Mick on thin ice after bungled briefing

  18-10-2019 19:31 via politico.com
  Mick Mulvaney is on wobbly ground at the White House after the acting chief of staff’s startling news conference, with aides around President Donald Trump waiting for their boss to digest the fallout from his top aide’s bungled explanation of the Ukraine controversy.Mulvaney is already taking heat from the president’s confidantes, lawyers and GOP lawmakers who were stunned by the performance.White House aides and allies expect the president to reach his own conclusions about Mu
  
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• The Latest: Woman denies link to Alabama child abduction

  18-10-2019 19:23 via news.yahoo.com
  A woman described as a person of interest in the abduction of a 3-year-old Alabama girl is denying any involvement.Attorneys for 29-year-old Derick Irisha Brown of Birmingham released a statement Friday saying she had no role in the kidnapping and hopes for the safe return of Kamille "Cupcake" McKinney.Brown and a man were arrested earlier this week after being described as persons of interest in the child's abduction from a birthday party last weekend.
  
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• Long-extinct Tasmanian tigers spotted at least eight times, officials say

  18-10-2019 19:20 via news.yahoo.com
  Between 2016 to 2019, the report notes seven sightings of the Tasmanian tiger. It "had black stripes on the back side of the body."
  
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