With the legal battle between adult film star Stormy Daniels and President Donald Trump showing no signs of a quick resolution, the White House on Monday attempted to create some distance between the administration and two key parties in the Daniels controversy: The 2016 Trump campaign and the president’s personal […]
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Traders are betting heavily against Tesla’s junk bonds
Investors are betting against Tesla’s bonds amid growing worries about the electric car maker’s ability to deliver on its production goals, given significant delays for the Model 3. “While equity short sellers continue to hang around, shorts in the most liquid TSLA bond have made a tidy profit so far […]
Energy stocks look attractive for first time in two years, Credit Suisse analysts say
Credit Suisse analysts say energy stocks have become attractive again for the first time in two years, based on strong earnings growth and improved valuations. “Extended valuations had resulted in Energy’s underperformance since mid-2016, despite a favorable cyclical backdrop, rising oil prices, and robust earnings growth. A combination of strong […]
Russian consulate closed by Trump is near a base with a nuclear arsenal – and is guarded by dolphins
Less than 30 miles from the Russian consulate in Seattle, closed by President Donald Trump on Monday, is what is believed to be the largest arsenal of nuclear weapons in the United States. And it is guarded by dolphins. Trump ordered the closure of the consulate as part of a […]
How to stop your phone from uploading your address book to Facebook
Whether you remember it or not, you may have once granted Facebook permission to store the contacts in your phone’s address book. If you did, Facebook is continuously uploading these contacts to its servers. You can find out if your phone is doing this, and stop it pretty easily. Here’s […]
Canada wants clearer warnings on junk food. The US is using NAFTA to stop that
Pretty much every country in the world now has an obesity crisis. But no one’s really figured out what to do about it. One of the most avant-garde obesity policy experiments is happening in Chile, where health officials are trying to revolutionize nutrition labeling. Instead of cramming percentages and numbers […]
First-come, first-serve: Trump will let some student loan borrowers erase their debt
As part of the new $1.3 trillion federal spending bill, Congress authorized a $350 million “fix” to fund a popular student loan forgiveness plan that many financial experts say is failing. If you thought or were told you didn’t qualify for the Public Service Loan Forgiveness program because you were […]
Twitter bans cryptocurrency advertising, joining other tech giants in crackdown
Twitter announced Monday it will ban advertising for cryptocurrencies, joining advertising giants Google and Facebook in a wider crackdown that aims to protect investors from fraud. “We are committed to ensuring the safety of the Twitter community. As such, we have added a new policy for Twitter Ads relating to […]
Fed’s Dudley pushes to change pay structure for bank execs and wants them held liable for scandals
Banks need to stop rewarding the kind of bad behavior that led to the Wells Fargo fake accounts scandal and other banking misdeeds, New York Fed President William Dudley said Monday. With Congress pushing through rollbacks to the Dodd-Frank reforms passed following the financial crisis, Dudley said the lessons from […]
Raytheon and these other stocks could win if there’s a trade war with China
Several companies will benefit relative to the broader market if a global trade war emerges, UBS told clients Monday. In light of President Donald Trump’s tariffs on Chinese goods and proposed levies on industrial and technological imports, a number of domestically oriented companies in those sectors could be safer stock […]