Nine days after President Trump’s now infamous “Obama had my ‘wires tapped’ in Trump Tower” tweet, his administration has asked for more time to comply with a House Intelligence Committee request for evidence substantiating Trump’s claims.
House Intelligence Committee Chairman Devin Nunes (R-Calif.) and ranking member Adam Schiff (D-Calif.) asked
Complacency about U.S. stocks has become so widespread that losses may lie ahead, according to Brian Belski, chief investment strategist at BMO Capital Markets. In a report Friday, Belski cited the ratio of the S&P 500 Index’s price-earnings ratio to the VIX Index, “which essentially shows how much investors are
The Federal Reserve would like to raise target interest rates because of inflation concerns and concern that asset bubbles are forming. Part of their concern seems to arise indirectly from the rise in oil prices, relative to their low level in
Back in August 2014, we reported that in what appeared a suspicious attempt to boost the pool of eligible, credit-worthy mortgage recipients, Fair Isaac, the company behind the crucial FICO score that determines every consumer’s credit rating, “will stop including in its FICO credit-score calculations any record of a consumer
The Congressional Budget Office (CBO) released its score Monday of the American Health Care Act (AHCA), the bill proposed by House Speaker Paul Ryan to replace the Affordable Care Act (ACA), commonly known as “Obamacare”.
A three-judge panel with the U.S. 5th Circuit Court of Appeals in New Orleans ruled on March 6 that the groups trying to block the removal of statues commemorating Confederate leaders had failed to make a proper legal challenge.
The tit-for-tat aggression continues to escalate between Turkey and Holland with Turkish Deputy Prime Minister Numan Kurtulmus exclaiming from Ankara that “Europe’s politicians are under fascist, neo-nazi influence” and in response, Turkey will suspend all high-level diplomatic meetings and cancels all flight permissions for Dutch politicians.
Fourteen million people would lose health insurance by next year under the new Republican plan to replace Obamacare, according to a long-awaited Congressional Budget Office report, a dramatic increase that would shake up the American health care system.
The numbers released on Monday afternoon further complicate the Republican Party’s messy
NEW YORK/BOSTON (Reuters) – A fast-moving winter storm was expected to hit the northeastern United States, forecasters warned on Monday, prompting airlines to cancel thousands of flights and some mayors to order schools to close on Tuesday.
The Obama administration spent more than $77 million to promote Obamacare in 2016, the New York Post reported. Contracts obtained by the Post show that the federal government had a contract with Democratic-leaning PR firm Weber Shandwick, where the government paid the firm $74.15 million on July 28, 2016, and
LONDON (Reuters) – British Prime Minister Theresa May cleared the final hurdle standing between her and the start of Brexit negotiations on Monday after parliament passed legislation giving her the power to start the EU exit process.
Moments ago, UK Parliament passed legislation allowing the government to invoke Article 50, with the House of Commons overturning amendments from the unelected House of Lords that sought to restrict May’s room for maneuver. While press reports earlier said May could trigger Article 50 as early as Thursday, subsequent reports
A few months ago we noted that Obama’s former Attorney General, Eric Holder (you know, the guy who was held in contempt of Congress for refusing to cooperate in an investigation into his office’s ‘Fast & Furious’ gun smuggling program that resulted in the death of a United States immigration
While discussing President Donald Trump’s tweets accusing former President Obama’s administration of wiretapping Trump Tower prior to the election on Monday’s edition of CNN’s “The Lead With Jake Tapper,” Senator Bob Menendez (D-NJ) said, “I think a 9/11 independent type commission” should investigate President Trump. Menendez said, “I’m for
WASHINGTON (Reuters) – Fourteen million Americans would lose medical insurance by next year under a Republican plan to dismantle Obamacare, the nonpartisan U.S. Congressional Budget Office said on Monday in a report that dealt a potential setback to President Donald Trump’s first major legislative initiative.
Valeant shares plunged after the close after CNBC’s David Faber first reported that Pershing Square’s Bill Ackman had liquidated his entire stake, and has effectively resigned from the board, saying he won’t stand for re-election. According to Bloomberg, Pershing Square is offering 27.23 million shares via Jefferies, at a price
BERLIN (Reuters) – She is controlled and cautious, a physicist from East Germany who takes her time making decisions and has never relished the attention that comes from being Europe’s most powerful leader.
From televisions to toasters, all kinds of devices are getting hooked up to the Internet. That’s bringing convenience, like air conditioning systems that can be activated remotely while you’re on your way home from work. But it’s also bringing new privacy concerns, as anything connected to the Internet tends to
Many of the 2017 economic headwinds I’ve described will hit during the Ides of March, just as the Trump stock-market Rally shows signs of topping out. This might not be the Great Epocalypse — not all at once anyway — but a large and likely correction is looming. I think the bear is about to be let out of his
San Francisco 49ers second-string quarterback Colin Kaepernick became the talk of the league this year with his anti-American protests against the national anthem. Kaepernick recently declared his free agency then announced he would end his refusal to stand for the national anthem. But, even with the league’s free agents
WASHINGTON/CAIRO (Reuters) – Russia appears to have deployed special forces to an airbase in western Egypt near the border with Libya in recent days, U.S., Egyptian and diplomatic sources say, a move that would add to U.S. concerns about Moscow’s deepening role in Libya.
The prominent U.S. attorney fired by Donald Trump this weekend has been justly acclaimed for his pursuit of political corruption. But his treatment of the Wall Street executives involved in the financial meltdown was far less confrontational.
As expected, the Trump administration has slammed the CBO’s assessment of the Republican plan to repeal Obamacare, which as reported earlier showed that as many as 24 million would lose their health insurance by 2026.
“We disagree strenuously with the report that was put out,” Health and Human Services
With a forecast predicting many Americans could find themselves snowed in on Tuesday, what better way to weather the storm than curled up with a good book and a mug of cocoa? From the story of a 39-year-old at odds with her society to a teenager shocked by the death
Women who undergo fertility treatments but don’t get pregnant have an increased risk of developing heart disease later in life, according to a new study. But the overall risk for women in the study was low, and the authors say their findings should not discourage people from seeking reproductive assistance.
(Reuters) – A group of states renewed their effort on Monday to block President Donald Trump’s revised temporary ban on refugees and travelers from several Muslim-majority countries, arguing that his executive order is the same as the first one that was halted by federal courts.
FERGUSON, Mo. (Reuters) – Previously undisclosed video of Michael Brown, recorded hours before the unarmed black 18-year-old was fatally shot by a white police officer in Ferguson, Missouri, has raised new questions about a suspected robbery that police said he committed in his final hours.
JERUSALEM/DETROIT (Reuters) – Intel Corp agreed to buy Israeli autonomous vehicle technology firm Mobileye for $15.3 billion on Monday in a deal that could thrust the U.S. chipmaker into direct competition with rivals Nvidia Corp and Qualcomm Inc to develop driverless systems for global automakers.
President Donald Trump told reporters that a “big fat beautiful negotiation” was underway on the proposed house health care bill, after a growing number of conservatives have voiced dissent with the effort.
One week ago we reported that “Mega-Bears Smell Blood As Mall REITs Tumble” in which we wrote that “just like 10 years ago, when the “big short” was putting on the RMBX trade, and to a smaller extent, its cousin the CMBX, so now too some are starting to short
German Chancellor Angela Merkel‘s meeting with President Donald Trump at the White House has been postponed thanks to winter storm Stella, White House Press Secretary Sean Spicer announced at his daily briefing Monday.
Merkel and Trump were scheduled to meet on Tuesday, March 14. The two spoke by phone and
A Texas state legislator has introduced a bill to fine men for masturbating and require them to undergo counseling before being allowed to obtain a prescription for Viagra or receive other health services. The bill is purportedly in response to laws restricting abortion.