Finance news

• IRS Says Millionaires Can Keep Estate Tax Benefits After 2025

  22-11-2019 23:49 via news.yahoo.com
  
  (Bloomberg) -- Taxpayers can benefit from higher thresholds for U.S. estate and gift taxes even if they don’t die until after the tax overhaul expires in 2026, the Internal Revenue Service said.The 2017 Republican tax law approximately doubled the estate and gift tax exemption. That means individuals this year can pass on, tax-free, $11.4 million from their estate and gifts they gave before their death. Couples can pass on $22.8 million. The higher levels expire in 2026, but individuals wh
  
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• Frustrated Trump lashes out at impeachment probe

  22-11-2019 23:47 via news.yahoo.com
  
  An irate Donald Trump said Friday he welcomes the prospect of an impeachment trial, as the US leader lashed out at "crazy" and "corrupt" opponents probing potential abuse of presidential power.After a week of dramatic impeachment testimony from current and former administration officials, an embattled Trump took to a favorite broadcaster to air a long, occasionally incoherent list of grievances -- against the FBI, his political adversaries, impeachment inquiry leaders, the "deep state," and more
  
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• Trump tells Fox News anchors 'I want a trial' if House Democrats vote to impeach

  22-11-2019 23:44 via news.yahoo.com
  
  "I want a trial," Trump said during a Friday interview on "Fox and Friends" in which he attacked the ongoing impeachment inquiry.
  
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• In new Yahoo News/YouGov poll, most voters think Trump committed abuses — but are split on impeachment

  22-11-2019 23:44 via news.yahoo.com
  
  As two weeks of televised impeachment hearings came to a close, a new Yahoo News/YouGov poll showed that a majority of registered voters believe Donald Trump abused his powers as president. But the country remained divided over whether he should be impeached as a result.
  
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• Trump gives blessing for Pompeo exit

  22-11-2019 23:39 via news.yahoo.com
  
  President Donald Trump said Friday he would support Secretary of State Mike Pompeo if he quit to run for Senate, as the top US diplomat becomes increasingly embroiled in the impeachment drama.Trump's blessing for his close ally's potential departure marks the first public confirmation that Pompeo is considering the Senate race next year in his home state of Kansas.Always careful not to upset Trump, Pompeo has been coy in his statements on a Senate bid even as his repeated trips to Kansas and reg
  
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• ‘Ghost guns’ are untraceable, easy to make, more prevalent

  22-11-2019 23:39 via news.yahoo.com
  
  It’s all perfectly legal — and it can be done without leaving anything behind for the government to trace.“Whatever the hobbyists think about it, criminals are taking advantage of this,” said Nick Suplina, managing director for law and policy at Everytown for Gun Safety, a gun control group funded by former New York City Mayor Michael Bloomberg.“These firearms directly undercut federal and state law designed to keep guns out of the hands of people who shouldn’
  
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• GOP Senate chairmen ask DOJ for records on former DNC consultant

  22-11-2019 23:38 via politico.com
  
  The Republicans want information on Alexandra Chalupa.
  
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• Analysis: Warren has a plan to win support from black women

  22-11-2019 23:30 via news.yahoo.com
  
  On Thursday night in Atlanta, Sen. Elizabeth Warren showed she has a plan for that.The Massachusetts senator has built a top-tier campaign for the Democratic presidential nomination largely by gathering support from progressive whites.Prominent black women were on hand to vouch for Warren’s commitment to their priorities.
  
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• This California town has the slowest Internet in the U.S.

  22-11-2019 23:26 via news.yahoo.com
  
  Less than 100 miles from the country's tech hub in San Francisco, rural residents lag far behind on Internet access.
  
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• US judge orders Iran pay $180 mn to reporter over detention

  22-11-2019 23:24 via news.yahoo.com
  
  A US court on Friday ordered the government of Iran to pay nearly $180 million in damages to an Iranian-American journalist who was jailed by Tehran on espionage charges in 2014. A US District Court judge ordered the damages be paid to Jason Rezaian and his family in compensation for pain and suffering as well as economic loss for the 18-month detention, when he was physically abused, deprived of sleep and medical care and threatened with execution. Iran did not answer the lawsuit, according to
  
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• Colorado man faces new charges for plotting to bomb synagogue

  22-11-2019 23:21 via news.yahoo.com
  
  An avowed white supremacist being held without bond for plotting to bomb a Colorado synagogue this month has been indicted on additional charges of attempted arson and using explosives to commit a felony, federal prosecutors said on Friday.The two additional charges against Richard Holzer, 27, on top of an earlier count of attempting to obstruct religious services by force, could send him to prison for 50 years, U.S. Attorney Jason Dunn said in a statement.Holzer was arrested on Nov. 4 after an
  
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• Ex-CIA agent jailed for 19 years for spying for China

  22-11-2019 23:17 via news.yahoo.com
  
  The former CIA officer who may have devastated US intelligence collection in China by giving up its network of informants to Beijing agents was sentenced on Friday to 19 years in prison.Jerry Chun Shing Lee, a naturalized US citizen who worked for the Central Intelligence Agency from 1994 to 2007, was arrested in January 2018 for illegally possessing classified US defense information, which prosecutors alleged he turned over to Chinese intelligence agents.
  
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• Federal Judge Rules Covington Student’s $275M Libel Lawsuit against NBC May Proceed

  22-11-2019 23:16 via news.yahoo.com
  
  Federal judge William Bertelsman on Thursday allowed Covington Catholic High School student Nicholas Sandmann's $275 million libel lawsuit against NBCUniversal to move forward, rejecting the media company's attempt to have the suit dismissed in full even as he threw out parts of it.Sandmann, 16, sued NBC and other major news outlets in the aftermath of their coverage of a controversial interaction he and several of his classmates had with Native American activist Nathan Phillips near the Lincoln
  
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• UPDATE 3-Ex-Trump ally Bolton says Twitter account 'liberated' from White House control

  22-11-2019 23:10 via news.yahoo.com
  
  SAN FRANCISCO/WASHINGTON, Nov 22 (Reuters) - U.S. President Donald Trump's former national security adviser John Bolton said on Friday that Twitter Inc had returned control of his personal account to him after it had been taken over by the White House."We have now liberated the Twitter account, previously suppressed unfairly in the aftermath of my resignation as National Security Advisor," Bolton told his more than 790,000 followers in his first tweets since resigning in September.
  
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• Ex-San Diego sheriff’s captain arrested in gun sales

  22-11-2019 23:10 via news.yahoo.com
  
  Federal agents on Friday arrested a former San Diego County sheriff's captain accused of running a gun trafficking business, and a lieutenant with access to weapons restricted for law enforcement pleaded guilty to helping him.The arrest of former Capt. Marco Garmo, 52, at his home was the latest in a string of cases involving current and former law enforcement officers in Southern California accused of such illegal firearm sales.Court documents say he was helped by sheriff’s Lt. Fred Magan
  
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• Kamala’s Attack on Tulsi Is What’s Wrong with America

  22-11-2019 23:08 via news.yahoo.com
  
  During Wednesday night’s Democratic debate, Senator Kamala Harris slammed Representative Tulsi Gabbard for having criticized President Obama during his time in the White House.“I think that it’s unfortunate that we have someone on this stage that is attempting to be the Democratic nominee for president of the United States, who during the Obama administration spent four years full time on Fox News criticizing President Obama,” Harris said.Gabbard then interjected, calling
  
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• Joe Biden tells activist, 'You should vote for Trump,' over criticism of Obama deportations

  22-11-2019 22:54 via news.yahoo.com
  
  At a town hall, 2020 candidate Joe Biden told an attendee that he would not put an end to all deportations, prompting protest.
  
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• Trump impeachment news: Watergate prosecutor says evidence to remove president at 'tipping point', as John Bolton posts cryptic attack on White House

  22-11-2019 22:51 via news.yahoo.com
  
  Donald Trump gave a wild, 53-minute long interview with Fox and Friends on Friday morning, attacking the Democratic-led impeachment inquiry and spreading debunked conspiracy theories.A group of Senate Republicans met Thursday with White House officials to discuss how a potential trial on articles of impeachment of Mr Trump could happen. “Frankly, I want a trial,” the president said during the interview.
  
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• UPDATE 1-China envoy warns of 'very bad damage' if Canada follows U.S. lead on Hong Kong

  22-11-2019 22:49 via news.yahoo.com
  
  China's new ambassador to Canada on Friday warned Ottawa not to follow the U.S. lead and formally back protesters in Hong Kong, saying such a move would cause "very bad damage" to already poor ties with Beijing.Canada, locked in a trade and diplomatic dispute with China, has repeatedly expressed concern about the safety of its 300,000 citizens in Hong Kong, hit by five months of mass demonstrations for more democracy and autonomy.The U.S. House of Representatives on Wednesday passed two bills to
  
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• Even If Netanyahu Is Done, His Damage to Israel Will Linger for Years

  22-11-2019 22:46 via news.yahoo.com
  
  Benjamin Netanyahu's followers used to sing in political gatherings "Bibi King of Israel." Now, it seems like the king might lose his crown.
  
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• Elizabeth Warren Needs Black Women To Vote For Her. Here's Her Plan to Win Their Support

  22-11-2019 22:40 via news.yahoo.com
  
  Black women are powerful allies and equally powerful adversaries—and no Democratic candidate can win without their support.
  
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• Boeing's 737 Max shouldn't be allowed to fly with a controversial flight-control system, an aviation regulator reportedly said in leaked emails (BA)

  22-11-2019 22:34 via news.yahoo.com
  
  The manager at Canada's aviation regulator told counterparts at other global regulators that he has concerns about the MCAS system on the 737 Max.
  
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• By 'serendipity,' GOP senator lands in middle of impeachment saga, as witness and potential juror

  22-11-2019 22:32 via news.yahoo.com
  
  Sen. Ron Johnson has been a witness in the House impeachment probe – and he could be a high-profile juror in the all-but-certain Senate trial
  
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• Exclusive: U.S. Navy secretary backs SEAL's expulsion review, despite Trump objection

  22-11-2019 22:31 via news.yahoo.com
  
  U.S. Navy Secretary Richard Spencer said on Friday a Navy SEAL convicted of battlefield misconduct should face a board of peers weighing whether to oust him from the elite force, despite President Donald Trump's assertion that he not be expelled."I believe the process matters for good order and discipline," Spencer told Reuters, weighing in on a confrontation between Trump and senior Navy officials over the outcome of a high-profile war-crimes case.A military jury in July convicted Special Opera
  
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• Mystery grows over Trump administration hold on Lebanon military aid

  22-11-2019 22:30 via news.yahoo.com
  
  The Trump administration is withholding more than $100 million in U.S. military assistance to Lebanon that has been approved by Congress and is favored by his national security team, an assertion of executive control of foreign aid that is similar to the delay in support for Ukraine at the center of the impeachment inquiry.
  
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• 2 arrested during raids into deadly Halloween party shooting

  22-11-2019 22:22 via news.yahoo.com
  
  Two 29-year-old men were arrested during raids conducted as part of a multi-agency investigation into a shooting at a San Francisco Bay Area Halloween party that killed five people, authorities said Friday.Domico Dones of Martinez and Frederick Johnson of Vallejo were arrested Thursday morning, Contra Costa Sheriff’s spokesman Jimmy Lee said in a statement.Dones was charged by Contra Costa county prosecutors Friday with being a felon in possession of a handgun with a laser scope and ammuni
  
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• How the leader of a notorious Chicago street gang evolved into an ISIS supporter

  22-11-2019 22:21 via news.yahoo.com
  
  The gang leader thought he had provided $500 in cash to man fighting for ISIS in Syria. In reality, it was an undercover FBI agent.
  
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• What's a 'ghost gun'? Untraceable, DIY firearm used in California high school shooting

  22-11-2019 22:17 via news.yahoo.com
  
  An untraceable kit gun was used in the Saugus High School shooting in Santa Clarita, California, officials say.
  
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• 'Fierce, focused and fearless': Fiona Hill emerges as a principled voice in impeachment inquiry

  22-11-2019 22:13 via news.yahoo.com
  
  Responding to the question of whether she is a "Never Trumper," Fiona Hill called it a "puzzling term" for nonpartisan officials.
  
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• Boeing unveils a new 737 MAX even as grounding drags on

  22-11-2019 22:11 via news.yahoo.com
  
  Boeing unveiled its latest version of the 737 MAX on Friday even as the aircraft remains grounded globally following two deadly crashes.Officials unveiled the 737 MAX 10 at a company ceremony at Boeing's Renton, Washington factory and released a photograph of the white and blue plane emblazoned with the Boeing logo.The MAX has been grounded since March following a pair of deadly crashes that killed 346 people.
  
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• What’s next in impeachment: A busy December, and on to 2020

  22-11-2019 22:08 via news.yahoo.com
  
  After two weeks of public hearings, Democrats could soon turn the impeachment process over to the House Judiciary Committee.At some point in the coming weeks, the House intelligence panel will submit a report to the Judiciary panel, and then Democrats will consider drafting articles of impeachment on President Donald Trump’s dealings with Ukraine and the administration’s attempts to block the investigation.There could be several steps along the way, including a Judiciary committee vo
  
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• Ex-CIA officer sentenced to 19 years in prison for conspiring to spy for China

  22-11-2019 22:08 via news.yahoo.com
  
  Jerry Chuan Shing Lee, 55, left the CIA in 2007 and moved to Hong Kong.A few years later, in 2010, he was approached by two Chinese intelligence officers who offered to pay him $100,000 and to take care of him “for life” for information he had acquired as a CIA officer."Instead of embracing that responsibility and honoring his commitment to not disclose national defense information, Lee sold out his country, conspired to become a spy for a foreign government, and then repeatedly lied
  
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• 'Absolute fearlessness': women take impeachment spotlight and speak truth as Trump fumes

  22-11-2019 22:05 via news.yahoo.com
  
  Over two extraordinary weeks, four women have testified publicly and shown remarkable competence and composure in the face of Trump’s smearsFiona Hill appeared on Thursday to give her testimony. Congresswoman Jackie Speier said to Hill: ‘You speak truth, that you are steely, and I truly respect that.’ Photograph: Michael Brochstein/BarcroftHours into the final public hearing of the House’s historic impeachment inquiry on Thursday, the congresswoman Jackie Speier, a Democr
  
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• AP sources: Ex-Iowa Gov. Tom Vilsack plans to endorse Biden

  22-11-2019 22:04 via news.yahoo.com
  
  Former Iowa Gov. Tom Vilsack plans to publicly endorse Joe Biden for president at a rally on Saturday, two people close to Biden’s campaign told The Associated Press.The former two-term governor, who served with Biden in the Obama administration as U.S. secretary of agriculture, and his wife, Christie Vilsack, plan to appear with Biden and his wife, Jill, at a morning rally in Des Moines.The backing from Vilsack comes as Biden, once the early favorite in the state with the nation’s f
  
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• Ex-Penn State coach Jerry Sandusky appears in court; resentenced to 30 to 60 years

  22-11-2019 22:01 via news.yahoo.com
  
  Jerry Sandusky, 75, is serving a 30 to 60 year sentence for sexual abuse of 10 boys through a youth charity.
  
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• Alabama cop who chased, beat and shot black man after stop-and-frisk guilty of manslaughter

  22-11-2019 22:01 via news.yahoo.com
  
  Prosecutors argued Aaron C. Smith escalated a consensual stop to deadly force, killing Greg Gunn feet away from the home he lived in with his mother.
  
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• California boosts pot taxes, shocking unsteady industry

  22-11-2019 21:56 via news.yahoo.com
  
  California is increasing business tax rates on legal marijuana, a move that stunned struggling companies that have been pleading with the state to do just the opposite.Hefty marijuana taxes that can approach 50 percent in some communities have been blamed for pushing shoppers into California’s tax-free illegal market, which is thriving.Industry analysts estimate that $3 are spent in the illegal market for every $1 in the legal one.
  
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• Daughter's 911 call for pizza was actually a domestic violence report. The dispatcher knew

  22-11-2019 21:49 via news.yahoo.com
  
  An Ohio dispatcher detected that a woman calling 911 ordering a pizza was in need of police help.
  
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• Impeachment witnesses tested Republican defenses of Trump one by one

  22-11-2019 21:47 via news.yahoo.com
  
  While it remains highly unlikely that the culmination of the Democrats’ House impeachment inquiry will lead to a conviction of Donald Trump by the Republican-controlled U.S. Senate, the testimony provided by government witnesses did succeed in straining the defenses put for by the president and his allies.
  
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• Iran says 'world war' against it foiled; blames U.S., Saudi Arabia and Israel

  22-11-2019 21:24 via news.yahoo.com
  
  Iran's Basij militia said unrest sparked by fuel price hikes amounted to a "world war" against Tehran that was thwarted, and blamed the United States, Saudi Arabia and Israel.
  
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• Charges of Ukrainian Meddling? A Russian Operation, U.S. Intelligence Says

  22-11-2019 21:15 via news.yahoo.com
  
  WASHINGTON -- Republicans have sought for weeks amid the impeachment inquiry to shift attention to President Donald Trump's demands that Ukraine investigate any 2016 election meddling, defending it as a legitimate concern while Democrats accuse Trump of pursuing fringe theories for his benefit.The Republican defense of Trump became central to the impeachment proceedings when Fiona Hill, a respected Russia scholar and former senior White House official, added a harsh critique during testimony Thu
  
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• South Korea salvages military pact with Japan at 11th hour

  22-11-2019 21:07 via news.yahoo.com
  
  South Korea decided Friday against scrapping a critical military intelligence-sharing pact with Japan, in a dramatic 11th-hour U-turn that came as a relief to the United States.The pact was due to expire at midnight amid a sharp deterioration in ties between the two democracies and market economies that has alarmed Washington as it seeks to curb the threat from nuclear-armed North Korea.Kim You-geun, a national security official at Seoul's presidential Blue House, confirmed the accord, known as
  
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• Biden snares black leader’s endorsement in Buttigieg’s town

  22-11-2019 21:06 via news.yahoo.com
  
  Democratic presidential candidate Joe Biden sent a message Friday to Mayor Pete Buttigieg with three endorsements from black Indiana leaders, including one from the South Bend mayor’s hometown.The moves underscore the 37-year-old mayor’s trouble connecting with black voters even as he’s surged to the top of polls in the first-caucus state of overwhelmingly white Iowa.Biden’s new endorsers are South Bend Council officer Oliver Davis Jr. and two state representatives from m
  
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• Joe Biden's newest endorsement seems to be a slap in the face to Pete Buttigieg

  22-11-2019 21:02 via news.yahoo.com
  
  That one's gotta hurt.On Friday, former Vice President Joe Biden announced that he'd earned the endorsement of Oliver Davis Jr., a black community leader in Indiana. The endorsement got some heavy play for someone who's not even close to a national political figure -- but all makes sense considering Davis is from Pete Buttigieg's hometown.Davis is the vice president of the common council in South Bend, Indiana, where Buttigieg is mayor. In fact, Davis even ran for mayor earlier this year after B
  
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• Asylum-seekers in Arizona to be bused to Texas, then Mexico

  22-11-2019 21:01 via news.yahoo.com
  
  U.S. immigration authorities have started busing asylum-seekers who cross the border in Arizona to Texas, where they are sent to Mexico to await court hearings.The government said its highly criticized program known colloquially as Remain in Mexico was now in effect all along the border.“At taxpayer expense, this decision will transport people seeking asylum in Arizona over 300 miles to a dangerous Mexican city, where it is difficult to access legal services and where few people have the s
  
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• Asylum-seekers in Arizona are forced to wait in Mexico

  22-11-2019 21:01 via news.yahoo.com
  
  Asylum-seekers who crossed the border in Arizona were bused to Texas Friday to be sent back to Mexico to wait for their hearings to wind through U.S. immigration courts, extending the practice across the entire border, a U.S. official said.U.S. authorities plan to run one bus a day from Tucson to El Paso while scouting border locations in Arizona that could be built up to accommodate large numbers of people in court on the U.S. side, with enough shelters and services on the Mexican side while th
  
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• Star High School Quarterback Arrested for Allegedly Sexually Assaulting Multiple Girls on a Party Bus

  22-11-2019 20:56 via news.yahoo.com
  
  Harry How/GettyA star quarterback at a Colorado high school was arrested Friday morning for allegedly sexually assaulting multiple girls on a party bus in 2018. Aidan Atkinson, an 18-year-old student at Fairview High School who verbally committed to play at Northwestern University next fall, was charged with several counts on Friday, including three felony counts of sexual assault, Boulder County jail records show. The Boulder Police Department issued a statement stating that an individual
  
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• Israeli Settlements Are a Political, Not a Legal Issue

  22-11-2019 20:53 via news.yahoo.com
  
  Secretary of State Mike Pompeo has just upended longstanding, widely held opinion about the legality of Israel’s West Bank settlements. Critics say he is off on the law, has radically broken with U.S. policy, and is undermining the pursuit of peace. Those critics are wrong on all scores.Pompeo made four main points. First, the settlements are not “inherently illegal.” Second, the West Bank’s fate should be determined through negotiations. Third, international law “d
  
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• Records: Wife of man found in freezer feared doctors

  22-11-2019 20:28 via news.yahoo.com
  
  A Missouri woman whose husband’s body was found in a freezer denied him medical care as he battled terminal illness and blocked police and social workers from entering the home, fearing a doctor would take his brain for research, according to records obtained by The Associated Press.Barbara Watters, 67, of Joplin, told police her husband had Lou Gehrig’s disease, a progressive nervous system disease also known as ALS, police Capt. Nick Jimenez said.Watters had unspecified “ment
  
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• Trump says he will allow states to import prescription drugs to lower costs

  22-11-2019 20:27 via news.yahoo.com
  
  U.S. President Donald Trump said on Friday he will soon release a plan to let Florida and other states import prescription medicines to combat high drug prices, and he blasted the Democrat-led House for not going far enough in a drug-pricing bill.The tweets were similar to comments the president made on Nov. 15 at a White House event with Health and Human Services (HHS) Secretary Alex Azar, among other officials.At that meeting, Trump said he would work with Florida Governor Ron DeSantis on a pl
  
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