Saudi Arabia’s billionaire Prince Alwaleed bin Talal, detained for over two months in an anti-corruption crackdown, is negotiating a possible settlement with authorities but so far has not agreed on terms, a senior Saudi official said. Prince Alwaleed, whose net worth has been estimated by Forbes magazine at $17 billion, […]
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Iran’s Rouhani says US has failed to undermine nuclear deal
Iran’s president said on Sunday the United States had failed to undermine a nuclear deal between Tehran and major powers, and hailed the accord as a “long-lasting victory” for Iran, state television reported. U.S. President Donald Trump on Friday delivered an ultimatum to European signatories of the deal to fix […]
Federal agency returns to accepting requests under DACA
Citizenship and Immigration Services says it’s resumed accepting requests to renew a grant of deferred action under the Obama-era program that shields from deportation young immigrants brought to the U.S. as children and who remain in the country illegally. The decision comes four days after a federal judge, in a […]
GM executives defend NAFTA, Mexican truck plant
General Motors Chief Executive Mary Barra expressed optimism on Saturday that the North American Free Trade Agreement would survive, and other senior GM executives stood by the company’s plans to continue building trucks in Mexico. At an event to tout GM’s 2019 Chevrolet Silverado pickup truck ahead of the Detroit […]
China to step up banking oversight in ‘arduous’ fight on financial risks
China will step up oversight in the banking sector this year to reduce financial risks, the country’s banking regulator said, stressing that long-term efforts would be needed to control banking sector chaos. The China Banking Regulatory Commission (CBRC) said late on Saturday in a statement that its priorities included increasing […]
If Iran’s protests made the country more moderate, it could reap financial reward
Recent weeks have seen a new wave of protests in Iran. Unlike the 2009 protests, which were largely carried out by educated urbanites, the current round of protests have included smaller towns and the middle class. The regime claims to have quelled an uprising with each passing day, but history […]
Paul Ryan says he doesn’t think the House will pass Social Security, Medicare reform this year
House Speaker Paul Ryan said Friday that he does not think the chamber will pass Social Security or Medicare reform this year. “I don’t see us tackling it this year,” he said at an event in Wisconsin. Ryan’s comments follow remarks from President Donald Trump, who told The Wall Street […]
A ‘Call of Duty’ gamer who made a false police call is now facing manslaughter charges
A man accused of initiating a “swatting” incident that resulted in the death of another man halfway across the country has been charged with involuntary manslaughter and interference with law enforcement according to court records made public on Friday. He was also charged accused of making a false alarm, which […]
Army of rescue workers dig for survivors in California mudslides that have left 18 dead
Crews dug away at masses of mud, boulders and debris with earth-moving machines and shovels Saturday in a California town ravaged by mudslides, hoping to find seven people still missing in a disaster that has already claimed at least 18 lives. The army of searchers and recovery workers in Montecito […]
A ‘sloppy’ market may correct soon, but one pro says watch for this ‘monster buy signal’
One of Wall Street’s most bullish forecasters is out with a near-term correction call, but he’s not letting it interfere with his 2018 bull case for stocks. Canaccord Genuity’s Tony Dwyer is putting his faith in a historical trend that typically points to gains. “What we found is when the […]