The Federal Reserve won’t raise rates on Wednesday “for all the right reasons,” former Fed Governor Larry Lindsey told CNBC on Tuesday. The central bank is expected to announce whether or not it will hike rates by a quarter point on Wednesday and market consensus is that it will do […]
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FedEx tumbles after lowering earnings guidance, cites global trade slowdown
FedEx dropped more than 6% on Tuesday after the company lowered its 2019 earnings guidance and reported weakness in its international business, particularly in Europe, while announcing plans to cut costs. The logistics company lowered its full year 2019 earnings guidance to a range of $15.50 to $16.60 per share, […]
‘Serious’ complaints against Kavanaugh are dismissed because he was confirmed to SCOTUS
The federal court reviewing complaints lodged against Supreme Court Justice Brett Kavanaugh said Tuesday that the allegations against the former federal appeals court judge are “serious” but that it must dismiss them without determining their merits because of Kavanaugh’s October confirmation by the U.S. Senate. Timothy Tymkovich, the Chief Circuit […]
Mueller’s probe will continue well into 2019 after judge delays sentencing for Michael Flynn
The federal investigation into Russian meddling in the 2016 election that has consumed the first two years of President Donald Trump‘s term in office will not be over soon. For months, there has been speculation that Mueller was wrapping up his probe into any links between Trump and Russia. Ty […]
The market’s year is coming down to the Fed, but investors and Trump are likely to be disappointed
The Federal Reserve on Wednesday may not be able to sound easy enough to satisfy expectations — including those of President Donald Trump who wants the central bank to stop raising interest rates completely. So many investors expect the Fed to be dovish when it gives its highly-anticipated decision on […]
Hedge funds to start-ups, industry feels crypto pain
What a difference one year can make. This time last year, bitcoin was cruising to $20,000, two trading exchanges launched bitcoin futures contracts, and a flurry of professionals were leaving big tech and traditional financial firms for the promise of new opportunities in the fast-growing cryptocurrency industry. Fast forward 12 […]
Actress and director Penny Marshall dies at age 75
Penny Marshall, who starred in “Laverne & Shirley” before becoming one of the top-grossing female directors in Hollywood, has died. She was 75. Mashall’s publicist, Michelle Bega, said Marshall passed away in her Hollywood Hills, Calif., home on Monday due to complications from diabetes. Marshall starred alongside Cindy Williams in […]
You can now ask Alexa to play Apple Music on your Amazon Echo — here’s how
You can now ask your Amazon Echo to play tunes from Apple Music. It’s a significant step, because the Echo has long supported Apple Music’s rivals, like Spotify, allowing users to request songs and playlists from Alexa by voice. As Apple continues to focus more on services — it reported […]
How to clear all those old emails out of Gmail so you don’t have to pay for storage
If you’ve been using Gmail for a decade or so, you’re probably running into your storage limit. You can pay for more space, or you can simply delete old emails and make room. Since 2013, Google has offered users 15 gigabytes of free storage. This space can be used for […]
Another Tesla executive, former head of global sales Dan Kim, leaves company. Joins AirBnB
Tesla‘s head of global sales Dan Kim has left the company, according to a person familiar with the matter. Kim left for online travel site Airbnb, Bloomberg News reported Tuesday. The job change was also reflected on a LinkedIn page that appears to belong to Kim and listed him as […]