Business

Trump Organization may face charges from New York DA's office

Trump Organization may face charges from New York DA's office A former lawyer for the billionaire, Cohen also stood accused of campaign-finance violations at Trump's direction and paying hush money to two adult female entertainers to buy their silence. "He knows where the money is", said CNN legal analyst Jeffrey Toobin on Friday. All of this, as Congressional Republicans have not even hinted that they will investigate Cohen's claims regarding Trump's ac... [Full Article...]

Kalashnikov, maker of AK-47 assault rifle, building an electric vehicle

Kalashnikov, maker of AK-47 assault rifle, building an electric vehicle Russian defence business Kalashnikov has unveiled an electric vehicle prototype which it said will rival cars produced by Tesla . First, it was his Ambien-fuelled Twitter habit , and more recently, his televised public breakdown . Tesla's electric vehicles boast much more impressive stats. It remains to be seen if and when Kalashnikov puts the electric hatchback into production. [Full Article...]

New York AG plans criminal investigation into Michael Cohen's taxes

New York AG plans criminal investigation into Michael Cohen's taxes Cohen pleaded guilty to campaign finance violations in the form of hush payments during the 2016 campaign to two women who alleged they had affairs with Trump, which he said he committed at the behest of the then-candidate. Outside allies of the White House said they had received little guidance on how to respond to the events in their appearances on cable news. And it was not clear the West Wing... [Full Article...]

Percent Expect Trump's Tariffs To Help The Economy

Percent Expect Trump's Tariffs To Help The Economy She referred substantive questions to the president's personal counsel Rudy Giuliani , who was at a golf course in Scotland. "If I ever got impeached, I think the market would crash". "While I am Attorney-General, the actions of the Department of Justice will not be improperly influenced by political considerations". "I will stay uninvolved and maybe that's the best thing to do", he said ... [Full Article...]

Bull market ignores White House turmoil to set new record

Bull market ignores White House turmoil to set new record The 325 per cent that S&P 500 index has climbed during this bull run isn't the best though. Asian stock markets were mixed Thursday after US and Chinese officials held talks on their deepening trade dispute ahead of a new round of tariff hikes. [Full Article...]

Powell defends rate hikes amid criticism and confusion

Mr Trump flouted the unwritten rule that presidents do not try to influence monetary policy. The Fed's steady rate hikes were also the best way to keep job growth as strong as possible and inflation under control, Powell said in a high-profile endorsement of the central bank's current approach to policy. [Full Article...]

Foreign automakers oppose Trump NAFTA plan as US-Mexico talks resume

Foreign automakers oppose Trump NAFTA plan as US-Mexico talks resume The Mexican peso rose against the dollar after Guajardo's comments. That deal is also expected to require that 40% of the value is from high wage locations that pay a minimum of $16 per hour, meaning Canada and the USA, a source from the Mexico negotiators said. [Full Article...]

Credit Suisse Bank Says Russian Assets Reclassified, Not Frozen

Credit Suisse Bank Says Russian Assets Reclassified, Not Frozen One of the biggest Swiss banks Credit Suisse did not freeze, but reclassified assets of some Russian clients in light of the USA anti-Russian sanctions, and remains committed to cooperation with Russia, the bank's spokesperson told Sputnik. [Full Article...]

US bull market becomes longest in history

The prior record was held in the bull market that ran from October 1990 and ended with the popping of the tech bubble in March 2000. Since then, the index has more than quadrupled. trade dispute and the dollar strengthened on expectations of higher U.S. interest rates soon. The fresh record comes amid signs that the U.S. economy has accelerated this year after a long period of slow, but steady... [Full Article...]

Sears close 46 unprofitable stores, two located in Portland area

Sears close 46 unprofitable stores, two located in Portland area The closures are expected to be complete by November. Sears at Post Oak Mall is slated to close in late September. This is the third round of store closures the company has announced this year. The new shutdowns, which also impact several affiliated Sears Auto Center locations, affect states across the country. The company said Thursday it informed its workers. [Full Article...]

National Enquirer's CEO given immunity by Michael Cohen prosecutors

National Enquirer's CEO given immunity by Michael Cohen prosecutors He took to his favorite show, Fox and Friends , to explain himself, and once again laid out the exact problem with his actions. "What we're doing is winning", Trump told cheering supporters. Trump confidants are reasserting that it is the White House position that a sitting president can not be indicted. A statement issued later in the day by Cohen's lawyer, Lanny Davis, identified that per... [Full Article...]

Trump ‘not thrilled’ with Fed chairman over interest rate hikes

Trump ‘not thrilled’ with Fed chairman over interest rate hikes MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.02 per cent. The weak dollar during the US trading session, helped gold to touch its highest in a week on Wednesday. On Wall Street, the Dow added 0.2 per cent in late morning trading, while the S&P 500 also rose to near the record high it set in January, as the United States signalled it could delay a closely-watched deci... [Full Article...]

Brexit creates BARRIERS! Vince Cable attacks ‘empty, bombastic’ Liam Fox trade declaration

Brexit creates BARRIERS! Vince Cable attacks ‘empty, bombastic’ Liam Fox trade declaration Launched today (Tuesday 21 August), the strategy sets out how the Government will support businesses of all sizes to make the most of export opportunities around the world. Fox set out how the government plans to support businesses to capitalise on new global export opportunities. Announcing a "new national drive to export", Baroness Fairhead, the Trade Minister, said: "As the world's sixth ... [Full Article...]

Trade War Pressures America Inc.'s Factories to Move out of China

Trade War Pressures America Inc.'s Factories to Move out of China They gave no sign of progress towards a settlement over USA complaints that Beijing steals technology and its industry development plans violate Chinese free trade commitments. After negotiations in May, Beijing believed it had assurances from the US that tariffs were off the table. Trump has threatened to impose duties on virtually all of the more than $500 billion of Chinese goods exported... [Full Article...]

Google Pixel 3 leaked video seemingly confirms wireless charging

Google Pixel 3 leaked video seemingly confirms wireless charging Google Pixel 3 is one of the most highly-anticipated Android phones of the year and is expected to radically refine the tech giant's smartphone line. There are apparently only a limited number of Pixel 3 XL units left - 3 apparently - with payment via Paypal or Bitcoin being requested with pick up in London being offered, though global shipping via DHL or FedEx is also available. [Full Article...]

Lowe's To Slash Inventory and Close 99 Orchard Supply Hardware Stores

Lowe's To Slash Inventory and Close 99 Orchard Supply Hardware Stores The locations include 18060 Chatsworth St.in Granada Hills, 5960 Sepulveda Blvd.in Van Nuys, 19800 Ventura Blvd.in Woodland Hills, 3100 Foothill Blvd.in La Crescenta and 1934 E. Orchard's 4,000 employees learned of the permanent shutdown Tuesday, said Jackie Hartzell, a spokeswoman for Lowe's. "Exiting Orchard Supply Hardware and rationalizing inventory are the driving force behind the changes t... [Full Article...]

Australian PM offers to call second leadership vote

Australian PM offers to call second leadership vote The news comes after cabinet allies abandoned the Prime Minister. It also would allow Treasurer Morrison time to garner support before a leadership ballot. " Peter Dutton made it clear in April that he wanted to be prime minister", replied Bishop. "The reality is that a minority in the party room supported by others outside the Parliament have sought to bully and intimidate others into making t... [Full Article...]

Venezuela on edge as Maduro unveils raft of economic reforms

Venezuela on edge as Maduro unveils raft of economic reforms The sovereign bolivar is worth 100,000 bolivars and will be backed by a cryptocurrency called Petro . In the capital Caracas , residents were sceptical about the new measures . In the new currency, that will be 3,600 bolivars - signaling a massive devaluation. Oliveros warned that the new bank notes will crumble "within a few months" if hyperinflation is not brought under control. [Full Article...]

South Africa inquiry opens into alleged graft under Zuma

South Africa inquiry opens into alleged graft under Zuma Mentor made headlines after coming out publicly with the revelation that she was offered a job by the Guptas in exchange for her influence. The commission will first deal with the influence of the controversial Indian Gupta family on the appointment of ministers and boards of state-owned entities under the administration of former president Jacob Zuma . [Full Article...]

Oil edges up on US sanctions against Iran, but trade dispute weighs

Oil edges up on US sanctions against Iran, but trade dispute weighs However, it remains to be seen whether the sanctions will be as big a disaster to the Iranian industry as some think: China , which has cut imports of USA crude as part of its trade war with Washington , opposes the sanctions, and on Monday sources told Reuters that Chinese buyers of Iranian oil were beginning to shift their cargoes to vessels owned by National Iranian Tanker Co for alm... [Full Article...]


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