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Finance

It is unclear whether Mr Weisselberg discussed Mr Trump, who Mr Cohen claimed had directed him to make the payments - effectively accusing the U.S. president of being a co-conspirator in a crime. It started with former federal prosecutor Renato Mariotti's thread about the implications of Weisselberg "flipping". For example, when Trump's former campaign chairman Paul Manafort went on trial earlier this month, prosecutors granted immunity to several people who worked on his taxes and ...
  • Trump Claims There Will be a Stock Market Crash if he's Impeached

    Trump Claims There Will be a Stock Market Crash if he's Impeached

    Finance

    The back-to-back legal blows have raised speculation that the Democrats would launch impeachment proceedings if they win the House of Representatives later this year. The Manafort charges stem nearly completely from his personal businesses but they came to light after he went to work for Trump. Mr Trump also repeated a litany of complaints about the Justice Department and the Federal Bureau of Investigation, attacking both without providing evidence they had treated him and his ...
  • Impeach me and the market crashes

    Finance

    In the case of Cohen, the very reason that he's in trouble is that the money paid to silence the women Trump had affairs with, while very much a campaign expense, was deliberately kept separate from campaign funds in order to keep the whole thing secret-in other words, there was criminal intent to hide a campaign donation for the goal of influencing the election .
  • Fed interest rate hikes appear on course after chair Jay Powell's address

    Finance

    Powell noted that the economy remained strong and anyone who wanted a job could find one. "If the strong growth in income and jobs continues, further gradual increases. Although George noted that "expressions of angst" from the White House when there are higher interest rates is not necessarily unique to the Trump administration, she said the Fed will ultimately remain faithful to preserving the value of the us dollar .
  • US Market Indexes Mixed, S&P 500 Resists New High

    US Market Indexes Mixed, S&P 500 Resists New High

    Finance

    To be sure that the S&P 500 is still in a bull market , it would have to close above its record high set on January 26, which it failed to do on Tuesday when it closed at 2,862.96 points. The S&P 500 energy index rose 0.5 per cent and the S&P 500 materials index gained 0.4 per cent, in tandem with higher prices for oil and metals.
  • U.S. and Mexico postpone Nafta ministerial talks until Wednesday

    U.S. and Mexico postpone Nafta ministerial talks until Wednesday

    Finance

    Mexico and the United States have been talking without Canada for weeks as Mexico City tried to address US demands for changes to auto trade rules that could benefit American industry. Miller said. Still, foreign automakers with USA plants oppose the move to raise the amount of regional content, and their objections could hamper progress at the talks.
  • Bolton: Turkey can end lira crisis 'instantly' by freeing pastor

    Bolton: Turkey can end lira crisis 'instantly' by freeing pastor

    Finance

    So far, it isn't looking favorable for Turkey. "The goal is to bring Turkey and the Turkish people to their knees - to take it prisoner", Erdogan said in the televised address. Erdogan in a tweet, "On behalf of the people of Pakistan & myself, I want to let President Erdogan & the people of Turkey know we are praying for their success in dealing with the severe economic challenges confronting them, as they have always succeeded against adversities in their glorious history".
  • Sears at Crabtree Valley is closing in November, company says

    Sears at Crabtree Valley is closing in November, company says

    Finance

    Sears is continuing to evaluate its network of stores and "will make further adjustments as needed", their statement reads. ESL submitted a bid for the store's Kenmore and Sears Home Improvement businesses at a valuation of around $470 million, according to a regulatory filing last week.
  • Trump knocks former lawyer in tweet after Cohen’s guilty plea

    Trump knocks former lawyer in tweet after Cohen’s guilty plea

    Finance

    Standing in a courthouse in NY on Tuesday, Cohen said the magic words, admitting to a crime: "I participated in this conduct. for the principal goal of influencing the election". "The proof on these counts at trial would establish that these payments were made in order to ensure that each recipient of the payments did not publicize their stories of alleged affairs with the candidate", she said.
  • Trump Won’t Acknowledge the Independence of the Fed

    Trump Won’t Acknowledge the Independence of the Fed

    Finance

    Trump used similar language when he criticized the Fed in a July interview with CNBC . With the federal interest rate climbing twice this year, the organization has planned two more quarter-point rate hikes in 2018 and three more in 2019.
  • US, China impose new round of tariffs

    Finance

    The United States and China have imposed a fresh round of tariffs on an additional $16bn (£12bn) of each other's goods. At precisely 12:01 a.m. ET, the Chinese Ministry of Commerce released a statement vowing to "make the necessary counterattacks".
  • US, China trade talks to resume

    US, China trade talks to resume

    Finance

    Dealers cited speculation the talks could set the stage for a summit between U.S. While the talks and trade war with China move forward, the Trump administration is dialing back the trade fights on other fronts. "Next to these headlines, trade news fell completely under the radar", Citi analysts said, noting "concern that something could come out linked to Trump or other of his associates" and that Cohen's guilty plea sparked a late-session bid in USA treasuries.
  • Google Pixel 3 leaked video seemingly confirms wireless charging

    Google Pixel 3 leaked video seemingly confirms wireless charging

    Finance

    Interestingly, the leaked photos appear to have once again been taken on Canadian public transportation system, possibly it could be the same Pixel 3 XL user. Those accessories are consistent with what we've seen in previous leaked images. If you hated the notch on the iPhone X , the Pixel 3 XL is definitely not for you.
  • Debate over longest bull market centers on rounding

    Debate over longest bull market centers on rounding

    Finance

    The index's bull-market run - a period of rising share prices without a 20% fall, which would indicate a bear market - is now 3,452 days old and on Wednesday is set to become the longest such streak in history. and Chinese officials, raising the prospect to defuse the spiraling trade dispute between the world's largest economies. PulteGroup, Lennar and D.R.
  • Alarm over Donald Trump complaints about his pick for US Fed chair

    Alarm over Donald Trump complaints about his pick for US Fed chair

    Finance

    He urged the Fed to avoid doing anything that could slow economic growth. Following reports of Trump's speech, the USA dollar fell DXY, -0.21%. The Fed is expected to hike rates again in September and December, moving the federal funds rate to a relatively low 2.25 to 2.5 percent target range.
  • Turkey court rejects another appeal to free U.S. pastor: lawyer

    Turkey court rejects another appeal to free U.S. pastor: lawyer

    Finance

    Turkish President Recep Tayyip Erdogan on Saturday called bluff on the Trump administration for threatening his country with sanctions. " The attack on our economy has absolutely no difference from attacks on our call to prayer and our flag ", he said referring to the recent Turkish currency crisis , triggered by United States economic pressure.
  • What happens now Trump has been 'directly implicated in federal crimes'?

    What happens now Trump has been 'directly implicated in federal crimes'?

    Finance

    Even though Cohen is not cooperating with prosecutors, his decision to plead guilty is a political blow to Trump . A Cohen guilty plea would avoid a high profile trial, but also could require him to cooperate with investigators probing whether the Trump campaign colluded with Russian Federation in its efforts to sway the 2016 United States presidential elections.
  • US President Trump takes aim at Federal Reserve for rates hike

    US President Trump takes aim at Federal Reserve for rates hike

    Finance

    Specifically, of course, there's the fact that Powell was a member of the Federal Reserve's Board of Governor since 2012 and had been on the Board at the time that it was agreed that the Fed would end the easy money policies it had adopted since the start of the Great Recession, policies that kept interest rates at historic lows for an extended period of time and which, when adjusted for inflation, likely resulted in negative interest rates for at least some short-term obligations.
  • Britain Confident Trump Will Stand Up to Putin

    Britain Confident Trump Will Stand Up to Putin

    Finance

    He and the State Department's top diplomat for Europe, Wess Mitchell, said Russian Federation is feeling the impact, costing its economy tens of billions of USA dollars, with companies under sanctions losing a quarter of their operating revenue and having to shed employees.
  • Iran says France's Total has officially left South Pars deal

    Iran says France's Total has officially left South Pars deal

    Finance

    In July 2017, National Iranian Oil Company (NIOC) and the International Consortium, headed by Total, signed an oil deal in the post-sanction era to develop phase 11 of South Pars, the report said. Although some private companies, particularly Europeans, have left Iran after the reimposition of the US sanctions, their move has not been "very determining", said Jahangiri.
  • Trump 'Not Thrilled' with Fed Chairman Powell Over Rate Hikes

    Finance

    Trump's remarks to Reuters follow reports that the president criticized the Fed's interest rate hikes at fundraiser in Long Island over the weekend. But managing such trade-offs is well in the future and so far trade policy tensions have hardly made a dent in the economic outlook. Trump has attacked the Fed for raising rates in the past.
  • Plane with 16 people on board attempting emergency landing in MA

    Plane with 16 people on board attempting emergency landing in MA

    Finance

    Post Malone performed with Aerosmith and 21 Savage at the MTV Video Music Awards in New York City Monday Night. Post Malone is now on an airplane which will have to make an emergency landing. The Port Authority of NY and New Jersey, which owns the airport, told Fox News the aircraft will be diverting to Westfield-Barnes Regional Airport in MA instead.
  • Goats continue world domination by taking over New York City subway tracks

    Goats continue world domination by taking over New York City subway tracks

    Finance

    It was unclear where the goats came from and how they got onto the track. The goats, with white fur and brown heads, did end up disrupting service along the N line between the Fort Hamilton Parkway stop and 8th Avenue. Stewart has been a longtime supporter of the animal rescue org and has been active with them since he stepped down as anchor of " The Daily Show " in 2015.
  • Gatwick Airport Chaos Blamed on Broken Vodafone Fibre Cable

    Gatwick Airport Chaos Blamed on Broken Vodafone Fibre Cable

    Finance

    Staff have resorted to manually writing out crucial information such as gate numbers for each departure from the UK's second busiest airport. Gatwick says the electronic boards were displaying incorrect information because of a damaged fibre-optic cable.
  • Contact lenses end up in the ocean endangering sealife

    Contact lenses end up in the ocean endangering sealife

    Finance

    A new report reveals that a shocking amount of contact lens users - almost 20 percent - dispose of those little plastic circles in a terribly irresponsible way, by flushing them down the toilet or the drain of the sink. So, it's unclear how wastewater treatment affects contacts. The researchers want manufacturers to provide information on the label, informing people how to properly dispose of their contacts.
  • PepsiCo buys Sodastream for $3.2bn

    PepsiCo buys Sodastream for $3.2bn

    Finance

    Earlier this month, SodaStream reported its strongest results in company history, a 31 per cent year-over-year jump in revenues to $172 million USA, an 89 per cent leap in operating profit to $32 million and an 82 per cent climb by net profit to $26 million US.
  • House of Fraser takes website offline after customer complaints

    House of Fraser takes website offline after customer complaints

    Finance

    They're advising people who have these to post them to head office, although it hasn't been confirmed whether refunds will be issued. However, businessman Philip Day, who also wanted to buy House of Fraser, has said Mr Ashley should pay suppliers - who are said to be owed £70m - "in full".
  • Nvidia guidance shows the demand for crypto mining hardware sinks

    Nvidia guidance shows the demand for crypto mining hardware sinks

    Finance

    Demand for graphics cards in the cryptocurrency mining world appears to be plummeting. Nvidia's stocks are now 4.8% down at the time of writing. The company provided EPS guidance of $1.85-2.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.99. Huang is reshaping his company to take advantage of trends that are changing computing.
  • Trump says in no rush to get NAFTA deal

    Trump says in no rush to get NAFTA deal

    Finance

    Guajardo told reporters that although he is focused on the Mexico-U.S. talks, he remains hopeful there will be negotiations involving all three NAFTA partners. Mexico wants to lock in an agreement before its new leftist president takes office, and the White House is keen on achieving a win on trade ahead of the midterm elections.
  • Tesla sues Ontario government over vehicle rebate program

    Tesla sues Ontario government over vehicle rebate program

    Finance

    The Ontario Transportation Ministry said Thursday that it would not comment on the situation because the matter is before the court. Tesla says hundreds of purchasers of its cars were left hanging when the program ceased in July and was no longer eligible for the rebate.
  • Elon Musk work ethic: 120 hour workweeks and sleeping on factory floor

    Elon Musk work ethic: 120 hour workweeks and sleeping on factory floor

    Finance

    Musk said there were times he didn't leave the factory for three or four days at a time and days when he didn't go outside. The role is described as one that might be able to take some of the pressure off Musk. However, some board members have said it does not help him sleep but contributes to his late-night Twitter sessions, which often get him in trouble.
  • Donald Trump says asking SEC to consider ending quarterly earnings reports

    Donald Trump says asking SEC to consider ending quarterly earnings reports

    Finance

    But he said energy companies would probably still report some oil and gas well data every three months to please investors. "Many market participants, as well as the Business Roundtable which we are a part of, have been discussing how to better orient corporations to have a more long-term view", Nooyi said in a statement emailed to Reuters.
  • State funeral for Genoa bridge collapse victims begins

    State funeral for Genoa bridge collapse victims begins

    Finance

    The collapse of the Morandi bridge, a decades-old viaduct that crumbled in a storm on Tuesday killing at least 38 people, has stunned and angered the country, with Italian media reporting that some outraged families would shun Saturday's official ceremonies.
  • SEC Subpoenas Tesla About CEO's Buyout Plans

    SEC Subpoenas Tesla About CEO's Buyout Plans

    Finance

    Tesla CEO Elon Musk is facing mounting pressure from regulators and critics since his tweet last week to take the company private and the fallout that has followed. Markets Insider reported Tesla's current price at $335.05, a -1.07% drop in the last 24 hrs. Some board members have urged Musk to stop using Twitter , and the board's independent directors recently hired a law firm to represent it as the SEC investigation progresses.
  • Turkey's lira weakens 3 percent against dollar

    Turkey's lira weakens 3 percent against dollar

    Finance

    The currency has lost almost 40 percent of its value against the dollar this year, hit by Ankara's worsening rift with Washington and investor alarm about President Tayyip Erdogan's influence over monetary policy. The hope is this will resolve a tariff war that threatens to curb global economic growth at a time when the US Federal Reserve is raising interest rates, creating difficulties for emerging market economies that have high external borrowing requirements.
  • USA threatens Turkey with more sanctions if it doesn’t free pastor

    USA threatens Turkey with more sanctions if it doesn’t free pastor

    Finance

    Turkish officials say the case is a matter for the courts. "He's not a spy". Turkey and the US are now experiencing rocky relations after Washington imposed sanctions on two Turkish Cabinet ministers for not releasing Brunson . "There has been no improvement in relations with the USA and additional sanctions may be on the horizon", said William Jackson of Capital Economics in a note to clients, adding that the lira could see a downward trend in 2019 and beyond.
  • Google CEO Tells Staff China Plans Are ‘Exploratory’ After Backlash

    Google CEO Tells Staff China Plans Are ‘Exploratory’ After Backlash

    Finance

    Google has been working on an app to bring its censored search engine back to mainland China , in a move that would allow the U.S. technology company to reach the 772m internet users in China who can not now use its services. 'The team has been in an exploration stage for quite a while now, and I think they are exploring many options, ' he added. It has said in the past that it will not comment on Dragonfly or "speculation about future plans".