Senator calls for a 'bigger Republican party'
Senator calls for a 'bigger Republican party'
After being sworn in as the 45th president of the United States on Friday, Donald Trump delivered a 16-minute speech in which he promised to transfer power from Washington, D.C. to the American people and called for patriotic nationalism as a path to a brighter future. “From this day forward, a new vision will govern our land,” Trump said. “From this day forward, it's going to be only America first.
Amazon.com has been crowing about its plans to create 100,000 American jobs in the next year, but as with other recent job-creation announcements, that figure is meaningless without context. What Amazon (AMZN) won’t tell us is that every job created at Amazon destroys one or two or three others. What Jeff Bezos doesn’t want you to know is that Amazon is going to destroy more American jobs than China ever did.
By Ian Ransom MELBOURNE (Reuters) - With Novak Djokovic's reign broken, Andy Murray boosted his claim to the Melbourne Park throne with a comprehensive 6-4 6-2 6-4 win over American Sam Querrey to reach the fourth round of the Australian Open on Friday. Top seed Murray, beaten in four of his five finals in Melbourne by Djokovic, has become raging favorite after the Serb's stunning second round exit on Thursday and the Briton lived up to the billing by trouncing Querrey in a tick under two hours at the Hisense Arena. Murray was among the many surprised by Djokovic's elimination but was neither dancing on the Serb's grave nor talking up his own hopes of a maiden title in Melbourne.
As bond yields rose, the prices of virtually everything paying an income stream got slammed. Some of my favorite dividend stocks, REITs and closed-end funds fell by 20% or more ... at a time when the broader stock market was rallying. This is where monthly dividend stocks come in handy.
Mark Zuckerberg paid close to $100 million for 700 acres of beachfront property on the island of Kauai in 2014. Three holding companies controlled by Zuckerberg filed eight lawsuits in local court on December 30 against families who collectively inherited 14 parcels of land through the Kuleana Act, a Hawaiian law established in 1850 that for the first time gave natives the right to own the land that they lived on. The 14 parcels total just 8.04 of the 700 acres Zuckerberg owns, but the law gives any direct family member of a parcel's original owner the right to enter the otherwise private compound.
As of January 2017, the average retiree receives $1,360 per month from Social Security, and the average retired couple gets $2,260 each month. That works out to an average annual benefit payment of $16,320 for an individual or $27,120 for a couple. That means Social Security provides enough to keep a typical person or a couple above the federal poverty level. Even with that, benefit levels are well below the overall average household income for families of that -- or any -- size, which means that the lifestyle Social Security offers is a fairly basic one. Risks in the Social Security lifestyle While Social Security's benefit payments are guaranteed (at least until the Trust Funds empty or Congress
The wireless carrier also said it would record a pretax loss of about $1 billion in the fourth quarter after lowering the assumed discount rates used to measure pension and post-retirement plan obligations. The loss will not affect operating results in its various divisions and will be included as an adjustment in its fourth-quarter report scheduled for release on Wednesday, AT&T said. Wells Fargo analyst Jennifer Fritzsche said in a note that both the DirecTV and wireless numbers were a "net positive," and the DirecTV Now additions appeared to be ahead of expectations.
A prosecutor on Friday urged a federal judge to sentence "Dance Moms" star Abby Lee Miller to prison instead of probation for bankruptcy fraud. Assistant U.S. Attorney Gregory Melucci called witnesses to buttress his contention that the reality TV show star tried to avoid repaying hundreds of thousands of dollars in debt by hiding about $775,000 in income from a bankruptcy court. Miller's attorneys will call witnesses when the hearing continues Feb. 24, after which she'll be sentenced.
Mexico's Colima volcano erupted early Thursday morning, sending ash more than a mile into the sky and lava flowing down its sides. Photo: Webcams de Mexico via Storyful.
A Pennsylvania mall that was foreclosed on after its owners failed to repay $143 million has been auctioned off for $100. Wells Fargo Bank was owed the money from a 2006 loan and submitted the winning bid for the 1.1 million-square-foot Galleria at Pittsburgh Mills on Wednesday.
Republican governors who turned down billions in federal dollars from an expansion of Medicaid under President Barack Obama's health care law now have their hands out in hopes the GOP-controlled Congress comes up with a new formula to provide insurance for low-income Americans. The other GOP governors, such as Ohio Gov. John Kasich, who agreed to expand state-run services in exchange for federal help — more than a dozen out of the 31 states — are adamant that Congress maintain the financing that has allowed them to add millions of low-income people to the health insurance rolls.
When Citigroup (NYSE:C) reported earnings on Wednesday, it announced a major milestone that its investors should cheer. The New York-based bank said that the fourth quarter of 2016 was the last time it'd separate the results from its Citi Holdings subsidiary, which was created in the wake of the financial crisis to house the bank's toxic and noncore assets. More than any other major bank, Citigroup found itself in the crosshairs during the crisis eight years ago. Its decision to double down on subprime mortgages on the eve of the downturn led to a $17 billion loss in the fourth quarter of 2008 alone. It followed that up with a nearly $8 billion quarterly loss a year later. To survive, Citigroup
Recap and release, a recapitalization of the companies followed by releasing them from government control, is a plan supported by several investors who hold shares of the companies. "I believe (Fannie Mae and Freddie Mac) are very important entities to provide the necessary liquidity for housing finance.
Does a job with lots of openings, an hourly rate of at least $20, high potential for growth and flexible work options sound too good to be true? It’s not. In fact, job search site FlexJobs highlights 20 such careers in its list of “High-Potential
David Stockman, former OMB director for Ronald Reagan, discusses why there may be a "fiscal bloodbath" instead of fiscal stimulus under Donald Trump.
Windows business customers who missed out on their shot at a free Windows 10 upgrade may be getting a second chance. Microsoft announced in a blog post on Thursday that customers with Windows subscriptions through its Cloud Solution Provider (CSP) program will be able to upgrade their Windows 7 and Windows 8.1 devices to Windows 10 for free. Specifically, according to the blog post, "customers subscribed to Windows 10 Enterprise E3 and E5 as well as Secure Productive Enterprise E3 and E5, can now upgrade their Windows 7 and Windows 8.1 PCs and devices to Windows 10 without the need to purchase separate upgrade licenses." As noted by ZDNet's Mary Jo Foley, the Enterprise E3 and E5 subscriptions
Competition for the EpiPen keeps mounting. The talking auto-injector competitor to Mylan's billion-dollar allergy attack remedy, the Auvi-Q, will return to market Feb. 14, manufacturer Kaleo said Thursday. The price? A whopping $4,500 for two auto-injectors. But not so fast, Kaleo said. It guarantees a cash price of $360 for two auto-injectors. Plus it will offer a program it calls Auvi-Q AffordAbility that guarantees U.S. patients with commercial insurance will have no out-of-pocket costs for the devices, plus free product for those who don't have insurance and have a household income of less than $100,000. It's an example of the complicated economics that govern drug pricing. "We wish we didn't
This article, originally published at 7:06 a.m., has been updated with market reaction. oil business were the biggest drag on the manufacturing giant's revenue last year, but CFO Jeff Bornstein has seen two good omens for the business in the past few months. Then, that deal pushed crude prices above $50 a barrel, where they have, for the most part, remained ever since.
"An imposter, a [political] conman and a would-be dictator," is the verdict of billionaire investor George Soros on Donald Trump. Speaking to a packed audience at his annual dinner at the World Economic Forum in Davos, Mr Soros said he was confident Mr Trump's powers would be limited by Congress. "He won't be able to get away [with being a dictator]," he added. Ultimately, Mr Soros said he expected Mr Trump to fail. "The ideas that guide him are fundamentally contradictory. He has three chiefs of staff instead of one and his cabinet are very fragmented and fighting with each other," he said. Mr Soros has been unrelentingly critical of Mr Trump since his shock election victory, and the pair have
Chesapeake Energy (CHK) led the list of losers in the S&P 500, even after natural gas futures recovered from an earlier selloff following a bullish report on U.S. supplies. Chesapeake fell 5.15% to end the day at $6.62 a share, the stock’s lowest closing price since late November. Natural gas prices were falling earlier today amid jitters that winter temperatures will fail to fuel demand, hitting a low of $3.249 a million British thermal units on the NYME, the lowest close since Jan. 11, the lowest price since Jan. 11. The futures changed direction, flipping to a gain, after U.S. Energy Information Administration reported that natural gas supplies fell more than expected last week, which led
Western Union Co , the world's biggest money-transfer company, agreed to pay $586 million and admitted to turning a blind eye as criminals used its service for money laundering and fraud, U.S. authorities said on Thursday. Western Union, which has over half a million locations in more than 200 countries, admitted "to aiding and abetting wire fraud" by allowing scammers to process transactions, even when the company realized its agents were helping scammers avoid detection, the U.S. Department of Justice and the Federal Trade Commission said in statements. With the help of Western Union agents, Chinese immigrants used the service to send hundreds of millions of dollars to pay human smugglers, wiring the money in smaller increments to avoid federal reporting requirements, U.S. authorities said.
The stock market has had a rip-roaring start to 2017, but that may be about to come to an end. Riding the so-called Trump trade to new all-time highs, the Dow Jones Industrial Average is just barely short of the 20,000 milestone. Stocks have been backing off from their highs, however, and the Dow is now roughly 200 points away from the elusive 20,000 mark.
China and the United States can resolve any trade disputes through talks, the government said on Thursday, as a Chinese newspaper warned U.S. business could be targets for retaliation in any trade war ushered in by President-elect Donald Trump. Trump, who is sworn into office on Friday, has criticised China's trade practices and threatened to impose punitive tariffs on Chinese imports.
In recent months, large numbers of American Airlines flight attendants have mysteriously fallen ill with symptoms ranging from throat and eye irritation to headaches and vertigo. According to the Association of Professional Flight Attendants, the union that represents American's 25,000 flight attendants, more than 2,300 of its members have reported experiencing health issues that they believe are linked to the uniforms.
The U.S. Department of Defense and Lockheed Martin Corp are close to deal for a contract worth almost $9 billion as negotiations are poised to bring the price per F-35 below $100 million for the first time, people familiar with the talks said Wednesday. The F-35, the Pentagon's costliest arms program, has drawn fire from U.S. President-elect Donald Trump who has made lowering prices for military equipment a pillar of his transition into office. Talks are still ongoing for the tenth batch of stealthy fighter jets with a deal for 90 planes expected to be announced by the end of the month, three people said on condition of anonymity.