Rep. Matt Gaetz says he “personally apologized” Wednesday for Twitter smearing Michael Cohen — but that didn’t stop the Florida Republican from having congressional ethics probe requested for his social media salvo against President Donald Trump’s former lawyer and fixer. Gaetz, a Trump ally and a lawyer himself, was already […]
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Michael Cohen’s testimony gives both sides fodder in a possible impeachment fight
Michael Cohen’s gripping congressional hearing fueled even more talk about Democrats’ potential plans to pursue the impeachment and removal of President Donald Trump. But in the near term, it’s not clear which side gained more from the testimony of Trump’s former personal attorney and fixer: the president’s Democratic opponents in […]
Even Democrats in Congress are cheering Trump for walking away from talks with Kim Jong Un
Congressional leaders – including Democrats – broadly praised President Donald Trump for walking away from his second summit with North Korean dictator Kim Jong Un on Thursday. Talks in Vietnam between Trump and Kim abruptly ended Thursday before a planned lunch and signing ceremony for some kind of agreement. Trump […]
Israel Prime Minister Benjamin Netanyahu indicted on bribe and fraud charges
Israel’s attorney general announced Thursday that his office had indicted Prime Minister Benjamin Netanyahu on corruption charges after a two-year investigation. The prime minister faces one count of bribery and two counts of fraud and breach of trust. Police have previously recommended indicting Netanyahu for bribery, fraud and breach of […]
May the Chevy Volt RIP: Tesla helped kill it, but it taught GM a lot about electric cars
It was billed as the beginning of an automotive revolution, a vehicle that motorists could use for their typical daily commute without using a drop of fuel, but which would also avoid the severe range restrictions of a pure battery-electric vehicle, or BEV. The launch of the Chevrolet Volt “extended-range […]
Amazon is putting its counterfeit problem in brands’ hands by letting them delete knock-offs
Amazon is taking a new approach to its counterfeit problem by putting brands in control of expunging knock-off products on its site. The company announced Thursday a new program called Project Zero that will let brands delete fake listings themselves. Like other tech platforms, Amazon has long struggled with how […]
Larry Kudlow says US-China trade deal talks made ‘fantastic’ progress last week
National Economic Council Director Larry Kudlow said Thursday that trade talks between the U.S. and China are going great, noting the two countries are making “fantastic” progress in meetings last week. “Last week was fantastic,” Kudlow told CNBC’s “Squawk on the Street.” “We’re making great headway on nontariff barriers and […]
Stocks making the biggest moves premarket: JC Penney, Square, Tesla, L Brands & more
Check out the companies making headlines before the bell: J.C. Penney — The retailer earned an adjusted 18 cents per share for the fourth quarter, 8 cents a share above estimates,. Revenue also beat Wall Street forecasts and J.C. Penney announced plans to close 18 full-line stores this year. Horizon […]
Ray Dalio, manager of the world’s biggest hedge fund, lowers his odds of a recession
After seeing a “significant risk” of a recession only a month ago, the manager of the world’s largest hedge fund has lowered his odds of an economic downturn, now that the Federal Reserve has pivoted to a more accommodating posture. “While I still expect that there will be a significant […]
Here are the biggest analyst calls of the day: HP, Tesla, Best Buy, General Electric, Boeing
Here’s the calls of the day that we’re watching: “HPQ remains a leader in PC and Print and despite appropriate steps taken by management to address structural issues (will take time), we are downgrading shares of HPQ to Underperform from Buy. Our prior thesis was predicated on stability in high […]