A Florida woman got herself a month in jail by doing just about everything you shouldn't do when going before a judge.
Jack Ma, the billionaire chairman of China e-commerce leader Alibaba Group, made waves in Davos this week when he criticized the U.S. for spending $14.2 trillion in the past 30 years on 13 overseas wars instead of putting part of those funds into America’s own infrastructure. It turns out Ma isn’t the only prominent Chinese billionaire who believes that. Zong Qinghou, the chairman of beverage maker Wahaha and formerly China’s richest man, said in an interview with Forbes China on Saturday that he agrees with Ma’s argument. Zong went on to say countries that once had the money to pay for military cooperation with the U.S. are today finding it harder to come up with resources. The U.S., as one
President Donald Trump's first executive order targets the sweeping "Obamacare" law by giving federal agencies broad leeway to chip away at the measure. Trump signed the executive order in the Oval Office Friday, hours after being sworn in as the 45th president of the United States. The one-page directive gives agencies authority to grant waivers, exemptions and delays of provisions in the Affordable Care Act.
The Federal Housing Administration said Friday it would roll back a cut in mortgage insurance premiums announced just days ago under outgoing Housing and Urban Development head Julian Castro. The reduction of 25 basis points, or a quarter percentage point, was meant to help more borrowers gain access to the mortgage market. It came after a surge in mortgage rates.
Although the overall individual audit rate is only about one in 119, the odds increase dramatically as your income goes up, as it might if you sell a valuable piece of property or get a big payout from a retirement plan. The IRS wants to be sure that owners of IRAs and participants in 401(k)s and other workplace retirement plans are properly taking and reporting required minimum distributions.
OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade, energy ministers said on Sunday as producers look to reduce oversupply and support prices. "The deal is a success ...All the countries are sticking to the deal ...(the) results are above expectations," Russian Energy Minister Alexander Novak said after the first meeting of a committee set up to monitor the deal. Countries involved in the deal could reduce their output by 1.7 million bpd by the end of the month, Interfax news agency quoted Novak as saying.
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.
Donald Trump's inaugural address held familiar echoes of the campaign speeches that led to his presidential win: downbeat about the state of the nation, to the point of hyperbole. THE FACTS: The American economy is a lot healthier than the wreck Trump describes. The Federal Reserve is so confident in the resiliency of the economy that it raised interest rates last month for only the second time in a decade.
AT&T’s biggest threat is posed by T-Mobile, which is the company customers most often tend to defect to. “When asking postpaid subscribers that have been with their carrier (less than) two years which carrier did they previously have, the top answer for current Sprint, T-Mobile and Verizon respondents was ‘previously AT&T,’” the research firm said in a letter to investors.
It's a brave new world for investors, Jim Cramer told his Mad Money viewers Friday. Or is it? Cramer said President Trump has been pretty transparent about his plans for the country, so now that the inauguration is over, it all comes down to execution. The main thrust of Trump's inauguration speech was "Buy American, hire American," which will be good news for the defense stocks, agriculture, energy and pipelines, Cramer said. But investors need to keep an eye on housing and materials stocks. Those stocks will slow if an overheated economy sends interest rates too high. The "buy local" theme also flies in the face of the secular trend toward e-commerce and growth at Amazon.com (AMZN) , so investors
A Hawaii lawmaker said Friday he plans to introduce legislation that could force Facebook CEO Mark Zuckerberg into mediation before he is allowed to buy real estate on Kauai island. State Rep. Kaniela Ing said Hawaii's sugar barons long employed laws Zuckerberg is using to take land from Native Hawaiians. "Zuckerberg may be acting more transparent than folks who exploited this law in the past, but it doesn't make it right," Ing said.
There’s yet another way to buy things from the online retail giantAFP/Amazon released a new credit card designed to encourage you to spend even more at the online retail giant. In case you needed one more way — or reason — to buy things from Amazon, here it is. The retailer (AMZN) on Wednesday announced its new Amazon Prime Rewards Visa Signature credit card, which will offer 5% back to customers who are members of Amazon Prime, which itself costs $99 per year to join.
High-quality dividend stocks never go out of style for long-term investors, and there is no shortage of stocks with high yields and bright prospects for 2017, from telecommunications companies embracing the digital future to pharmaceutical companies riding the success of new drugs. The pharmaceutical sector is a great place to look for generous dividend payers and few stocks sport yields as high as AbbVie's. The patent expired in December on AbbVie's Humira, the top-selling anti-inflammatory drug on the market. AbbVie's shares returned 20%, including dividends, over the past 52 weeks, while the pharmaceutical sector overall was in the red.
By Ceyda Caglayan ISTANBUL (Reuters) - Turkish businessman Tekin Acar had contracts to open branches of his leading cosmetics chain in ten new shopping malls this year. A few days ago he canceled nine of them after sharp falls in the lira meant he would struggle to afford the rents. Turkey's currency has lost around a quarter of its value since the middle of last year, causing havoc for retailers selling imported goods or paying rent pegged to the U.S. dollar.
Macy's, Sears, Target, Kohl's, and JCPenney are among the many companies that have reported lackluster sales during the critical holiday period. In the wake of the disappointing season, Macy's and Sears are now collectively closing more than 200 stores, and analysts say JCPenney could shut down as many as 300 stores within the next couple years. Target has slashed its fourth-quarter sales and earnings outlook and the mall-based retailer The Limited just shut down all 200 of its stores.
The U.S. Department of Housing and Urban Development on Friday suspended a controversial plan that would have slashed the premium rates for certain federally backed mortgages. The reversal by the Federal Housing Administration came less than two hours after Donald Trump was sworn in as president.
First lady Melania Trump addressed active duty military and veterans at the inaugural Armed Services Ball Friday evening in Washington, D.C.
Saudi Arabia's oil minister Khalid Al-Falih says it may not be necessary to extend the deal reached by the group and some non-member nations to cut oil supply by around 1.8 million barrels a day beyond its initial six months, and that doing so could create a shortage. It took a lot for the Saudis to agree to this deal in November, but the rationale seemed at least to make sense. Brimming supply had created financial difficulties for the kingdom, and also complicated the forthcoming IPO of a small part of Saudi Aramco.
German Finance Minister Wolfgang Schaeuble said Britain should take a leaf out of Switzerland's book on how to handle relations with the European Union, according to Swiss newspaper Neue Zuercher Zeitung (NZZ) on Sunday. Switzerland has access to the European single market through a series of bilateral agreements and has skirted voters' demand in a 2014 referendum for outright quotas on foreign workers by instead giving local people first crack at open jobs.
British Prime Minister Theresa May said Sunday she plans to discuss free trade and the importance of the NATO military alliance when she becomes the first foreign leader to meet with U.S. President Donald Trump in Washington. The White House's invitation for May to meet with Trump on Friday was seen in Britain as affirmation that Trump values the vaunted "special relationship" between the United States and its longtime ally across the Atlantic.
The FTC isn't convinced that Walgreen's proposal to sell 865 drugstores to Fred's Inc would do enough to preserve competition that would be lost in the $9.4 billion tie-up, Bloomberg reported on Friday. The FTC is also unlikely to complete its review of the deal before the deadline of Jan. 27 to close the transaction, the Bloomberg report said. In October, Walgreens said it was "confident about this deal," despite having to postpone the closure of the deal by three months to the end of January.
In the rarefied world of high-end bong makers, Roor glass water pipes have long been smoked to impress. Both marijuana and the tools used to smoke it remain illegal under federal law, but that hasn't stopped Roor and its American licensee from using the federal courts to protect the brand and its sales.
U.S. President Donald Trump's administration is only hours old, but already a small parade of S&P 500 companies' chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits. In the days ahead of Friday's inauguration, senior executives from Morgan Stanley , Delta Air Lines and other major U.S. corporations said the Trump White House has already sparked a brighter outlook for business. "There is certainly more reason to be optimistic as we enter 2017 than there was at the beginning of 2016," Morgan Stanley CEO James Gorman said on Tuesday after his bank said profit doubled in the fourth quarter.
After a historic trading week, which ended on Friday with the inauguration of Donald Trump, investors are ready to focus on the rest of the month, earnings and the prospects for 2017. One thing is for sure, while the volume of insider trading has slowed due to fourth-quarter earnings being reported, we continued to see some big sales in technology. Kosmos Energy Ltd. (KOS) had some huge sellers on the desk this week.
One of the best ways to clear some of your head space may be to pay down credit card debt. With annual percentage rates (APRs) in excess of 15%, credit cards can cost you a big chunk of change in interest. Plus, high credit card balances can do big damage to your credit.