Daily Archives: July 28, 2018

11 Republicans move to impeach deputy attorney general Rod Rosenstein

A group of 11 House conservatives introduced articles of impeachment against Deputy Attorney General Rod Rosenstein, the Justice Department official who oversees special counsel Robert Mueller’s Russia investigation. The move came Wednesday after months of criticism aimed at the department — in addition to the Russia investigation in particular — via Trump in addition to his Republican allies in Congress. ...

Read More »

US ports brace for higher tariffs by China in Trump trade war

U.S. ports, which handle hundreds of billions of dollars in merchandise each year, will be the first to feel the pain if the Trump administration’s trade war begins to slow the global economy. So, as the White House threatens to impose higher duties on $0 billion worth of Chinese goods, port managers are bracing for the prospect of canceled shipments ...

Read More »

September rate hike probability below what traders expect

Economist Mohamed El-Erian told CNBC on Friday the probability of a September rate hike by the Federal Reserve can be well below what traders believe. Fed officials including Chairman Jerome Powell have raised interest rates twice This kind of year along with have indicated two more are coming before the end of 2018. The CME FedWatch tool, which can be ...

Read More »

Trump knew of Russia meeting ahead of time, Cohen says

Lanny Davis, a lawyer for Cohen, said he had no comment nevertheless told CNBC: “I have to wonder why the Trump people would likely put that will out. that will was not via us.” Word that will Cohen is actually willing to cooperate with Trump’s most significant current threat — the Mueller investigation — underscores the fact that will the ...

Read More »

Nasdaq drops more than 1% as Intel in addition to also also Twitter lead tech rout

Shares of Facebook in addition to also also Apple followed Intel in addition to also also Twitter lower, dropping 0.8 percent in addition to also also 1.7 percent, respectively. Netflix in addition to also also Alphabet, meanwhile, both declined more than 2 percent. Thus far, over 50 percent of S&P 500 companies have reported earnings. Of those companies, 79.8 percent ...

Read More »

Donald Trump disrupted the liberal world order

On Donald Trump’s first day as president, he declared a change in America’s direction. “For many decades, we’ve enriched foreign industry at the expense of American industry, subsidized the armies of some other countries while allowing for the very sad depletion of our military,” the completely new commander-in-chief declared in his inaugural address. “We’ve made some other countries rich while ...

Read More »

Goldman Sachs CEO explains how to be more effective: ‘Be vulnerable’

The cultural shift includes more transparency on financial targets. Analysts have voiced frustration with the lack of information Goldman offers on its various businesses. Under Solomon, the bank will be considering hosting its first-ever Investor Day next year, according to people with knowledge of the plans. At similar events held by competitors, firms typically disclose multiyear financial targets, giving analysts ...

Read More »