Finance news

• The Latest: Chicago classes canceled for 6th day amid strike

  23-10-2019 23:40 via news.yahoo.com
  Chicago Public Schools have cancelled classes for a sixth day as a teachers' strike remains unresolved.The nation's third-largest school district has kept school buildings open since the Chicago Teachers Union strike began on Thursday, but classes and after-school activities have been canceled for more than 300,000 students.Mayor Lori Lightfoot has said the city's offered raises for teachers are fair and responsible for the district's finances.
  
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• State Dept. ordered to turn over Ukraine documents

  23-10-2019 23:15 via news.yahoo.com
  In what could prove a highly consequential ruling, a federal judge has ordered the Trump administration to start turning over documents regarding potentially improper influence on Ukraine diplomacy.
  
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• Best-Selling Author of ‘Modern Girl’s Guide to Sticky Situations’ Gets Prison Time in College Scam

  23-10-2019 23:07 via news.yahoo.com
  Brian Synder/ReutersThe Los Angeles marketing executive and best-selling author Jane Buckingham, who honest-to-god wrote a book entitled The Modern Girl’s Guide to Sticky Situations, was sentenced to three weeks in prison on Wednesday for her role in the college-admissions scandal.A judge also ordered the 51-year-old to fork over a $40,000 fine after she pleaded guilty in May to fraud and conspiracy after agreeing to pay $50,000 for a test proctor to take the ACT exam for her son in 2018,
  
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• The Army Wants to Bring the "Linebacker" Bradley Back from the Grave

  23-10-2019 23:00 via news.yahoo.com
  A good idea?
  
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• 'Human scum:' Donald Trump has harsh comments for 'Never Trumper' Republicans

  23-10-2019 22:57 via news.yahoo.com
  Donald Trump used a harsh term Wednesday for "Never Trumper Republicans" who continue to opposed him amid an impeachment inquiry: "Human scum."
  
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• Women to be banned from seeking abortions in South Carolina even in cases of rape or incest

  23-10-2019 22:51 via news.yahoo.com
  Republicans in South Carolina have voted to proceed on a measure that would strip abortion exemptions in cases of rape or incest, and criminalise the procedure almost entirely as soon as a foetal heartbeat is detected.The proposed bill is the latest attack on abortion rights throughout the United States, in an effort by conservatives keen on bringing the issue before the Supreme Court. There, they hope, they may finally be able to make good on a long held dream of repealing some or all of the la
  
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• Matt Gaetz claimed the GOP was shut out of an impeachment hearing. 48 Republicans were welcome in the room.

  23-10-2019 22:37 via news.yahoo.com
  Congress' impeachment hearings have been pretty darn congressional.Yet Rep. Matt Gaetz (R-Fla.) and a slew of other Republicans seemed to think the hearings involving three bipartisan committees just weren't welcoming enough. So ignoring the fact that 48 Republicans were already allowed into what Gaetz described as "secret interviews" to investigate President Trump, he and a few dozen other GOP congressmembers stormed into a secure room Wednesday and delayed a hearing for five hours.The stunt be
  
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• Chaos erupts as Republicans barge into Trump impeachment inquiry hearing

  23-10-2019 22:37 via news.yahoo.com
  Group chanting ‘Let us in’ enter closed-door meeting where top Pentagon official who oversees Ukraine policy was to testify* Ambassador’s Ukraine testimony leaves Trump struggling to respondHouse Republicans speak to reporters on Capitol Hill in Washington DC on Wednesday. Photograph: Carlos Jasso/ReutersPolitical tensions over an intensifying impeachment inquiry reached fever pitch on Wednesday as Republicans “stormed” a closed-door committee hearing on Capitol Hil
  
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• Saudi replaces foreign minister less than a year after appointment

  23-10-2019 22:36 via news.yahoo.com
  Saudi Arabia's King Salman appointed a new foreign minister on Wednesday, according to a royal decree issued less than a year after his predecessor took office.Faisal bin Farhan Al-Saud, who has been serving as ambassador to Germany, will replace Ibrahim al-Assaf, the official Saudi Press Agency (SPA) cited the decree as saying.Assaf will be demoted to minister of state, the SPA reported, having replaced Adel al-Jubeir in December 2018, two months after the murder of dissident Saudi journalist J
  
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• Facebook's Zuckerberg grilled by AOC on fact-checking policy for political ads

  23-10-2019 22:35 via news.yahoo.com
  Facebook CEO Mark Zuckerberg struggled to explain the social media company’s new policy on fact-checking political ads under questioning from Rep. Alexandria Ocasio-Cortez during a Wednesday hearing.
  
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• Trump lashes out at William Taylor after damaging testimony

  23-10-2019 22:32 via politico.com
  Taylor on Tuesday directly tied Trump for the first time to a quid pro quo with Ukraine and provided House Democrats with a roadmap of other potential witnesses who could further substantiate allegations Trump withheld foreign aid to pressure Ukraine to investigate his political rivals.In a series of tweets Wednesday, Trump sought to distance himself from Taylor and cast doubt on the diplomat and the political motivations of his lawyer, John Bellinger.
  
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• Vinik to shut down hedge fund, says raising cash 'much harder' than expected

  23-10-2019 22:31
  Money manager Jeffrey Vinik said on Wednesday he was shutting down his stock-picking hedge fund, citing unexpected difficulties raising cash for the decision to end a much-hyped but short-lived...
  
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• Rupert Murdoch’s Son Doesn’t Watch Fox News and Likes Mayor Pete

  23-10-2019 22:30 via news.yahoo.com
  (Bloomberg) -- James Murdoch, a son of Fox Corp. founder Rupert Murdoch, said he doesn’t watch the company’s flagship news channel and sees a lot to like in Democratic presidential contender Pete Buttigieg.Murdoch, speaking at Vanity Fair magazine’s New Establishment Summit conference on Wednesday, said cable news channels have become too one-sided politically and “there’s plenty on Fox News I disagree with.”The 46-year-old executive, who worked at his father&
  
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• Toyota Recalls More Than 900,000 Vehicles to Replace Their Airbags Again

  23-10-2019 22:26 via news.yahoo.com
  Toyota is entering the final phase of its Takata airbag replacement efforts with the announcement of a recall involving 928,000 Toyota, Scion, and Lexus models. These vehicles previously had thei...
  
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• Trump claims US is building wall in Colorado — 370 miles from Mexico border

  23-10-2019 22:17 via news.yahoo.com
  Donald Trump has promised American workers that he's building a border wall in Colorado, even though that state is landlocked and hundreds of miles away from any foreign border.Mr Trump made the comment during a speech in Pittsburgh, Pennsylvania, where he told a conference on shale energy that he had made good on "every promise" he made during the 2016 election.
  
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• Meet the Fox reporter who is bedeviling Trump on Syria

  23-10-2019 22:12 via politico.com
  When President Donald Trump claimed in a Monday Cabinet meeting that “we never gave a commitment to the Kurds,” the U.S. ally recently abandoned in northern Syria, an immediate rebuke came from a source not easily dismissed as “fake news”: a Fox News correspondent.“Not true,” Jennifer Griffin tweeted.“According to a former top senior military adviser to President Trump, ‘We told them over and over ‘We are your friends.
  
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• A Single Bird Takes Down the U.S. Navy's 'Doomsday' Plane

  23-10-2019 22:01 via news.yahoo.com
  Built for nuclear war, but not errant bird strikes.
  
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• Republicans break House rules by stalling Trump impeachment hearings with 'protest'

  23-10-2019 21:53 via news.yahoo.com
  Impeachment hearings into Donald Trump’s alleged abuses of power were brought to a sensational halt after a group of more than 30 Republicans brought chaos to Wednesday's proceedings.After crashing a witness testimony in a closed-door hearing, Republicans lashed out at committee leaders behind the impeachment probe and demanded the release of transcripts amid what they called a “Soviet-style” investigation of the president’s business dealings with Ukraine.
  
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• Trump's plan to leave some US troops in Syria to guard its oil is now doomed, thanks to Putin

  23-10-2019 21:41 via news.yahoo.com
  "The implementation of this memorandum will strongly interfere with these plans," a Russian official said. "We will work to nullify them."
  
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• Cummings lying in repose at historically black college

  23-10-2019 21:35 via news.yahoo.com
  Mourners, constituents and other well-wishers paid respects to U.S. Rep. Elijah Cummings on Wednesday as his body lay in repose at a historically black college in Baltimore ahead of the first in a series of services.A tan hearse with a U.S. House of Representatives seal carrying Cummings' body arrived Wednesday morning at Morgan State University's Murphy Fine Arts Center.A group of mourners led by Cummings' widow, Maya Rockeymoore, followed pallbearers who wheeled the black casket with silver tr
  
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• Trump declares 'big success' in Syria, lifts sanctions on Turkey

  23-10-2019 21:32 via news.yahoo.com
  In a 15-minute speech at the White House, Trump said critics of his policy want an endless, unlimited U.S. commitment in a dangerous region.
  
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• Trump’s Impeachment Will Be Trump’s Fault

  23-10-2019 21:24 via news.yahoo.com
  ‘I have news for everybody: Get over it.” So saith acting White House chief of staff Mick Mulvaney. “There’s going to be political influence in foreign policy,” he added.Well, if that’s what he thinks, I have news for him. Get over it: Your boss is going to be impeached. And he has nobody but himself (and Rudy Giuliani) to blame for it.Let’s get as much throat clearing done as quickly as possible. Yes, the so-called Resistance has wanted Trump’s 20
  
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• GOP protest halts House Democratic impeachment deposition of Defense official Laura Cooper

  23-10-2019 21:24 via news.yahoo.com
  Congressional investigators want to ask Laura Cooper, who oversees Ukraine policy at the Pentagon, about the withholding of military aid to Ukraine.
  
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• Trudeau rules out coalition as he forms new Canadian government

  23-10-2019 21:18 via news.yahoo.com
  Canadian Prime Minister Justin Trudeau on Wednesday ruled out forming a coalition government despite an election victory that left his Liberals short of a majority.Trudeau said he would consult with leaders of the Canada's other parties on their priorities, and how they might work together.Trudeau's Liberals emerged the winners in Monday's ballot, but lost their comfortable majority in the House of Common after a close race with the Tories.
  
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• Trump hits out at Ukraine ambassador and ‘human scum’ Republicans who oppose him after devastating testimony

  23-10-2019 21:17 via news.yahoo.com
  Donald Trump has lashed out at his own ambassador to Ukraine a day after he gave testimony to the impeachment hearings suggesting the president was behind a plan to withhold vital military aid in return for finding dirt on a political opponent.The president tweeted: "Never Trumper Republican John Bellinger, represents Never Trumper Diplomat Bill Taylor (who I don't know), in testimony before Congress! Do Nothing Democrats allow Republicans Zero Representation, Zero due process, and Zero Transpar
  
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• Former ICE Head Slams L.A. Police for Releasing Illegal Immigrants

  23-10-2019 21:16 via news.yahoo.com
  The former head of the U.S. Immigration and Customs Enforcement agency Tom Homan slammed the Los Angeles police department on Tuesday after an ICE spokesman testified to Congress that L.A. police were releasing as many as 100 illegal immigrants from custody per day.The L.A. police chief "has taken a political stance," Homan asserted during an interview on Fox and Friends. "He forgot the oath he's taken; he stopped being a cop and became a politician."During a Monday Senate Judiciary Committee he
  
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• Royal War Escalates: Palace Source Slams Meghan and Harry as ‘Paranoid’ and ‘Promoting Discord’

  23-10-2019 21:09 via news.yahoo.com
  Chris Jackson/GettyBritain’s royal family descended into an undignified war of tit-for-tat briefings reminiscent of the era of Princess Diana on Wednesday, as royal sources accused Harry and Meghan of “paranoia” and angrily refuted claims made by Team Sussex that Meghan and Harry were “singlehandedly responsible for modernizing the royal family.”A source, said to be a “well-placed royal insider,” told the Daily Mail it was “just plain wrong”
  
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• Brazil Just Lopped $193 Billion Off Spending But Needs Much More

  23-10-2019 21:09 via news.yahoo.com
  (Bloomberg) -- President Jair Bolsonaro has called its passage essential to prevent the collapse of the Brazilian economy. His top financial aide has labeled it his number one priority. And the speaker of the lower house, overcome with emotion, choked back tears when it cleared a key legislative hurdle a few months ago.Yes, the pension reform bill that won final congressional approval on Wednesday after years and years of debate is a big deal, saving the cash-strapped government almost $200 bill
  
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• Kim Orders 'Shabby' South Korean Hotels in Resort Town Destroyed

  23-10-2019 21:00 via news.yahoo.com
  SEOUL, South Korea -- North Korea said Wednesday that its leader, Kim Jong Un, had ordered the demolition of South Korean hotels and other buildings in a resort complex that the two countries once operated together.The resort town at Diamond Mountain, or Kumgang, just north of the inter-Korean border, opened in 1998, at a time of reduced tensions between the Koreas. Until it was closed during a dispute in 2008, it served as a major source of foreign currency for the cash-starved North, frequentl
  
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• 'Johnny Reb' no longer welcome in Norfolk: Virginia city gets OK to move Confederate statue

  23-10-2019 20:56 via news.yahoo.com
  Virginia's attorney general says the city of Norfolk can move its "Johnny Reb" Confederate statue from a busy downtown intersection to a cemetery
  
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• As teachers strike, Chicago mayor touts $838M deficit fix

  23-10-2019 20:54 via news.yahoo.com
  Chicago Mayor Lori Lightfoot, who's still trying to settle a nearly week-old teacher's strike, proposed a combination of debt refinancing, tax and fee hikes and assistance from the state Legislature on Wednesday to close a massive $838 million budget deficit.
  
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• Zuckerberg stumbles over AOC's questions about white supremacy during Congress hearing

  23-10-2019 20:52 via news.yahoo.com
  Mark Zuckerberg appeared to stumble when confronted with tough questioning by congresswoman Alexandria Ocasio-Cortez, who asked the Facebook CEO if a right-wing news outlet known for its ties to white supremacist groups is an appropriate fact-checking group to help oversee the social media giant's content.Ms Ocasio-Cortez confronted Mr Zuckerberg during congressional testimony on Wednesday, where the CEO was due to discuss a cryptocurrency favoured by his company. But the Democrat instead chose
  
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• CNN poll says impeachment support is at all-time high

  23-10-2019 20:46 via news.yahoo.com
  Support for President Trump’s impeachment and removal from office is continuing to climb, but not among Republicans. That’s according to a new CNN/SSRS poll released Tuesday showing support for Trump’s impeachment and removal at 50 percent, a new high.
  
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• Democrat Buttigieg used marijuana 'a handful of times'

  23-10-2019 20:45 via news.yahoo.com
  Democratic presidential candidate Pete Buttigieg said Wednesday that he's used marijuana "a handful of times a long time ago," and that it's time for the U.S. to legalize marijuana. Buttigieg, speaking to reporters after touring a legal pot dispensary in suburban Las Vegas, was asked about whether he'd ever used marijuana. A handful of times a long time ago," he said.
  
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• Trump signed off on GOP crashing impeachment testimony, Bloomberg says

  23-10-2019 20:37 via news.yahoo.com
  Members of the conservative Freedom Caucus stormed the Sensitive Compartmented Information Facilities and blasted Democrats for conducting closed-door interviews in the impeachment inquiry of President Trump.
  
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• Why Trump Can't Win the Trade War

  23-10-2019 20:32 via news.yahoo.com
  China has proven that it can go toe-to-toe with the United States.
  
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• The Latest: Employee: Brothers' were lured to their deaths

  23-10-2019 20:26 via news.yahoo.com
  An employee of two slain Wisconsin brothers says he believes a Missouri cattleman promised to give the men money to lure them to his farm so he could kill them.Twenty-five-year-old Garland Nelson, of Braymer, was charged Wednesday with two counts of first-degree murder in the deaths of 35-year-old Nick Diemel and 24-year-old Justin Diemel, of Shawano County, Wisconsin.Rob Chubb managed the feeder cattle side of the business operated by the brothers.
  
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• Former acting AG: 'Abuse of power is not a crime'

  23-10-2019 20:24 via news.yahoo.com
  Following Tuesday’s House testimony by Bill Taylor, the top U.S. diplomat in Ukraine, about President Trump allegedly pressuring the Ukrainian president to investigate the Biden family, former acting Attorney General Matthew Whitaker defended the president by claiming that “abuse of power is not a crime.”
  
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• Former top general gets a shot at forming Israeli government

  23-10-2019 20:19 via news.yahoo.com
  Israel's former military chief Benny Gantz was tasked Wednesday with forming the next government, but he has few options after last month's elections left him in a near tie with Prime Minister Benjamin Netanyahu.Netanyahu was given the first opportunity to form a government after assembling a large right-wing bloc but announced this week that he had failed to build a 61-seat majority.Gantz faces similarly steep odds, raising the possibility that Israel will hold a third election in less than a y
  
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• Support for Trump impeachment rises as 59% say he pursued personal interests in Ukraine, poll finds

  23-10-2019 20:16 via news.yahoo.com
  Only 33% of voters said they believe Trump was acting in the national interest in Ukraine, while 59% say he was pursuing his own interests there.
  
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• Rats and Mold in Kushner-Managed Apartments, Maryland Claims

  23-10-2019 20:10 via news.yahoo.com
  (Bloomberg) -- An apartment management firm run by Jared Kushner’s family was sued by Maryland’s attorney general, who claims the company engaged in numerous “illegal and harmful” practices.Westminster Management lied about the quality of rental units and the level of maintenance the company would provide, routinely failing to address hazardous conditions in the properties, including infestations by rodents and other vermin, water leaks and mold growth, Attorney General B
  
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• Indicted Giuliani Henchman Lev Parnas Raises Executive Privilege in Federal Court

  23-10-2019 20:09 via news.yahoo.com
  REUTERSLev Parnas, a Soviet-born business associate with ties to Rudy Giuliani, President Trump’s personal lawyer, raised the issue of executive privilege during a court proceeding Wednesday, arguing it could apply to some of the evidence gathered in his campaign-finance case in New York.The issue was raised during an arraignment for Parnas and Igor Furman, who pleaded not guilty on Wednesday to charges in a four-count indictment that accused them of funneling money through straw donors in
  
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• Bureaucratic thriller: Diplomat kept notes, tells his story

  23-10-2019 20:09 via news.yahoo.com
  William Taylor, a career diplomat, went behind closed doors in the basement of the Capitol on Tuesday and told a tale that added up to the ultimate oxymoron — a 10-hour bureaucratic thriller.Taylor was told by other U.S. diplomats that Trump needed "to hear from" Zelenskiy before the meeting would be scheduled.
  
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• Tragedies deepen Jewish-Muslim bonds to fight hate crimes

  23-10-2019 20:05 via news.yahoo.com
  Muslim groups helped raise hundreds of thousands of dollars to help Pittsburgh's Tree of Life synagogue recover after a gunman killed 11 people there, one year ago this week.The Jewish congregation mounted its own fundraiser for New Zealand's Muslims after a white supremacist shooter killed 51 people at two mosques there in March.Such outreach between Jews and Muslims often draws widespread attention only in the immediate wake of tragedy.
  
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• Germany’s NATO Allies Give Tentative Welcome to Syria Peace Plan

  23-10-2019 19:56 via news.yahoo.com
  (Bloomberg) -- Germany’s NATO allies offered encouragement to Defense Minister Annegret Kramp-Karrenbauer’s call for an international force to stabilize the situation in northern Syria.NATO Secretary General Jens Stoltenberg and the U.S. ambassador to the organization, Kay Bailey Hutchison, both welcomed the proposal on Wednesday in Brussels when previewing an Oct. 24-25 meeting of the alliance’s defense ministers. Hutchison signaled that the German initiative would require Eur
  
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• Russian forces patrol Syrian-Turkish border

  23-10-2019 19:53 via news.yahoo.com
  Russian forces in Syria conducted their first patrols near the Turkish border Wednesday to ensure Kurdish fighters withdraw under a deal between Moscow and Ankara ousting them from the minority's entire heartland.US President Donald Trump hailed the agreement as a "big success" and announced his administration was lifting sanctions it had imposed on Turkey after it launched its offensive against Kurdish armed groups earlier this month.Kurdish forces, who previously controlled nearly a third of S
  
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• Americans Are Unhappy at Work After Years of Economic Gains

  23-10-2019 19:52 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.The economy has added millions of jobs and pay gains have accelerated in recent years, but Americans aren’t crazy about their work.A poll released Wednesday showed just 40% of employed Americans say they’re in good jobs, versus 44% in mediocre jobs and 16% in bad jobs. How respondents ranked the quality of their job had a strong correlation
  
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• Thai king fires six senior palace officials over 'evil actions' days after stripping consort of titles

  23-10-2019 19:45 via news.yahoo.com
  Thailand's King Maha Vajiralongkorn has dismissed six palace officials for “extremely evil” conduct, a palace announcement said on Wednesday, in a shake-up that come days after the sacking of the king's royal consort. The six included a woman, a senior police official and two royal guards, all of whom worked in the palace. Two separate announcements published in the official royal gazette accused the six of severe disciplinary misconduct that caused harm to the royal s
  
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• Boeing costs for 737 Max jump, profit falls short in 3Q

  23-10-2019 19:41 via news.yahoo.com
  Boeing signaled Wednesday that it is close to completing its fix to the 737 Max and still expects it to be approved to fly before the end of the year.Boeing reported that third-quarter earnings fell 51% to $1.17 billion.U.S. airlines still don't expect to use their Max jets until early next year, however, and Boeing acknowledges that other countries might take longer than the U.S. to let the plane fly again.
  
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• Federal NYC judges seem skeptical of Trump arguments in tax case

  23-10-2019 19:30 via news.yahoo.com
  Three judges on a federal appeals panel appeared inclined Wednesday to reject arguments that President Trump's tax returns can't be given to a state grand jury, with Trump's lawyers suggesting that local authorities should even let the president get away with shooting someone.
  
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