Gary Cohn is apparently the exception to Donald Trump’s rule about working in the Oval Office. President Trump boasted at length on Tuesday afternoon that “everybody wants to work in the White House” — just a couple hours before his key economic advisor announced he’s leaving. At a news conference […]
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Cohn’s exit from the White House a negative for markets
Gary Cohn‘s exit from the White House is the loss of one of the most important pro-investor voices in the Trump administration and could be a negative for stocks and the dollar. “It would seem to be not business friendly, not something good for investors. He was the voice against […]
Cramer: Trump tariff that excludes Canada and Mexico would create ‘wave of jubilation’ in the market
U.S. stocks would return to strong growth if President Donald Trump‘s proposed tariffs exempted Canada and Mexico, CNBC’s Jim Cramer said Tuesday. The “Mad Money” host said that Wall Street is paralyzed in fear by President Trump’s proposed plan for tariffs of 25 percent on imported steel and 10 percent […]
Stock futures point to sharply lower opening after Wall Street-friendly Cohn resigns
An exchange-traded fund measuring the broad U.S. stock market fell in extended trading Tuesday after news that White House chief economic advisor Gary Cohn is resigning. Cohn, former Goldman Sachs president and COO, was seen as supporting more business-friendly policies. The SPDR S&P 500 ETF Trust (SPY) fell more than […]
Reports: Perceptions of workplace equality differ significantly from the realities
In anticipation of International Women’s Day on Thursday, a pair of surveys released Tuesday morning explore the scope of the gender pay and leadership gaps and steps that can be taken to overcome them. The organizers of International Women’s Day partnered with Ipsos on a global survey that reveals vast […]
What it’s like behind the throttle of a US Army Black Hawk helicopter
“So it’s like a video gaming system on steroids?” I asked Adam Breed, engineering project manager for Lockheed Martin’s flight simulator, before agreeing to test out the platform. Lockheed Martin’s Prepar3D, pronounced “prepared,” is an immersive flight simulator program that marries virtual reality headsets and aviation training scenarios. The defense […]
Heavy metal band Metallica is working on its own brand of whiskey
Legendary heavy-metal band Metallica is teaming up with Dave Pickerell, former master distiller at Maker’s Mark, on a whiskey line — and possibly a small distillery. Pickerell told WhiskeyCast about the project in a story published last week. The band’s San Francisco hometown seems to be the front runner site […]
Billy McFarland, organizer of disastrous Fyre Festival, pleads guilty to misleading investors
Fyre Festival organizer Billy McFarland pleaded guilty to misleading investors in Manhattan federal court on Tuesday. The Fyre Media CEO said he accepted full responsibility for several serious mistakes he made and acknowledged that he engaged in “fraudulent behavior.” McFarland apologized to his company, investors and family and said he […]
Gun owners may find getting self-defense insurance tougher following Florida shooting
Gun owners who want specialized insurance for their firearms may have less access to one kind of policy following a shooting massacre in Florida last month. Insurance company Chubb said on Feb. 23 that it will stop underwriting an insurance policy for gun owners called NRA Carry Guard. The National […]
Sophia Amoruso: ‘Women are beginning to write our own history’
Entrepreneur and Nasty Gal founder Sophia Amoruso says that now, more than ever, women have the opportunity to rewrite history. “I think historically women have been spoken to in a way that is very fear-mongering,” Amoruso says to Recode. “Women, it feels like, are beginning to write our own history […]