Freedom Watch founder Larry Klayman on why he believes the Obama administration wiretapped President Trump.
Freedom Watch founder Larry Klayman on why he believes the Obama administration wiretapped President Trump.
Korean Air Lines said Monday that two daughters of its chairman will resign from their executive positions amid mounting public criticism over the women's behavior and allegations that the family engaged in smuggling. An official at the Korea Customs Service, meanwhile, confirmed that authorities raided the airline's headquarters in Seoul seeking evidence on alleged smuggling and tariff evasion. Chairman Cho Yang-ho announced the resignation of his daughter Hyun-ah, who returned to leadership last month after a four-year hiatus following a "nut rage" scandal, and her younger sister Hyun-min, who is under investigation for allegedly hurling a cup of water at a business meeting.
The suspect in a mass shooting at a Nashville Waffle House was arrested last year for being in a restricted area near the White House, police said Sunday. After an investigation by police in Illinois and the FBI, authorities removed four guns from 29-year-old Travis Reinking’s home and gave them to his father. Reinking is still on the run after a heroic customer at the Waffle House confronted him when he stopped to reload his weapon.
Foreign Minister Sergei Lavrov said on Monday that Russia had not yet decided whether it would deliver advanced S-300 missile systems to Syria, but would not make a secret of the matter if it took such a decision, the TASS news agency reported. Russia's daily Kommersant newspaper, citing unnamed military sources, reported earlier on Monday that Russia might start supplying the anti-aircraft missile systems to Syria in the near future. Lavrov said on Friday that Western military strikes on Syria this month had removed any moral obligation Russia had to withhold the missile systems from its ally Syrian President Bashar al-Assad.
It was looking like a banner year for business in China. The U.S. clothing company was expecting a 20 percent jump in online sales on Alibaba's Tmall, thanks to the e-commerce giant's massive reach. The company refused to sign an exclusive contract with Alibaba, and instead participated in a big sale promotion with its archrival, JD.com Inc. Tmall punished them by taking steps to cut traffic to their storefront, two executives told The Associated Press.
Frederick Smith is the CEO of FedEx Corporation (NYSE:FDX), which has recently grown to a market capitalization of US$66.03B. Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders.
Reagan's stock market gives clues for the Dow's next move: Acampora 2:27 PM ET Fri, 20 April 2018 | 01:53 Donald Trump, like Ronald Reagan before him, is an outside-the-beltway president. That recently prompted longtime market watcher Ralph Acampora to investigate whether the two had anything else in common. What he found could be a warning to the stock market. "Ronald Reagan had a six-month honeymoon," Acampora, director of technical research at Altaira Capital Partners, told CNBC's "Futures Now" last week. "The percentage gain was roughly about 10 percent." When Reagan was sworn into office on Jan. 20, 1981, the Dow Jones Industrial Average was trading at around 950. The index, which at
Gordon Chang, Author of "Nuclear Showdown: North Korea Takes on the World," gives his take on what may happen between U.S. President Donald Trump and North Korea Leader Kim Jong-Un when they meet. Chang speaks with Kathleen Hays and Yvonne Man on "Bloomberg Daybreak: Asia." OF THEM WITH GREAT INCENTIVE. YOU CAN ALSO END UP DOING INVESTMENT, ALL SORTS OF FINANCIAL ASSISTANCE, NORTH KOREA IS VERY CONCERNED ABOUT IT RELIANCE ON CHINA.
There is a good reason not to pay attention to General Electric earnings and analysts who cover the company. Because if you did, you would have lost your shirt. To be fair, a couple of analysts have been, belatedly, correct. Compare General Electric’s GE, +3.93% chart with that of the Dow Jones Industrial Average DJIA, -0.82% and the S&P 500 ETF SPY, -0.85% The drastic underperformance of General Electric’s stock will surely jump out at you. Let’s explore the chart. Chart Please click here for an annotated chart of General Electric. Please note the following: • General Electric is showing the first green candle on the chart in a long time. This is positive. • During the selloff, volume picked
Saudi Arabia is rumored to want oil prices at $100 per barrel, but if prices rise that high, it could sow the seeds of the next downturn. Saudi officials want more revenues for their budget and a higher oil price to bolster the valuation of the Aramco IPO. As Liam Denning of Bloomberg Gadfly points out, in the past decade, while oil prices have surpassed $100 per barrel for periods of time, they didn’t stay there for very long.
Former President George H.W. Bush paid a subtle tribute to his late wife, Barbara Bush, at her funeral on Saturday. The former president wore a pair of socks decorated with stacks of colorful books, in a nod to his partner’s longstanding commitment to advancing literacy. George H.W. Bush wore socks with books on them in dedication to Barbara at her funeral today.
After several years of making steady market share gains at department stores' expense, off-price giant TJX Companies (NYSE: TJX) stumbled last year. As a result, TJX stock didn't participate in the broader 2017 market rally. It is also likely to be one of the biggest beneficiaries of Bon-Ton Stores' (NASDAQ: BONT) pending liquidation.
Southwest Airlines cancelled about 40 flights Sunday as the airline stepped up efforts to inspect the engines of its Boeing 737 fleet on the heels of last week’s deadly engine explosion on Flight 1380. The airline voluntarily announced inspections of engines in the CFM56 family – which powers nearly all of Southwest’s fleet – on Tuesday, after a passenger died when she was partially sucked out of an aircraft window that had been shattered in by the engine blast. Inspectors now believe that the CFM56-7B jet engine failure occurred when one of the engine’s fan blades broke off and came loose.
In fact, a good 25% of employed baby boomers think they'll retire prior to age 65, according to new data from the Insured Retirement Institute. Your Social Security benefits are calculated based on what you earned during your top 35 working years, but once your full monthly benefit amount is established, you can only collect it in full upon reaching full retirement age. Now you are allowed to file for Social Security as early as age 62.
"If it's the security or safety of Saudi Arabia, Saudi Arabia always with its leadership is going to be safe," says Suhail Al Mazroui, the United Arab Emirates' minister of energy
China's ZTE is seeking a resolution to a U.S. ban on selling it parts and software that it has said threatens its survival. ZTE "has learnt from its past experiences on export control compliance and attaches significant importance to the work on export control compliance," the mobile phone and telecoms company said in a statement to the Hong Kong stock exchange. ZTE "is making active communications with relevant parties and seeking a solution to the U.S. export denial order," it added in the statement.
Unlike many of the scandals that have triggered billion-dollar penalties for banks, the problems that led to a 10-figure federal government settlement for Wells Fargo & Co. don’t appear to have colorful emails or trader messages describing bad behavior. Wells Fargo’s WFC, +1.98% risk management already resulted in an unprecedented Federal Reserve sanction of having its growth limited. Wells Fargo, keep in mind, was fined by the CFPB and other regulators after opening millions of customer accounts without permission. To hear the OCC tell it, Wells Fargo did not establish “effective first and second lines of defense,” execute on a comprehensive plan to address compliance risk management deficiencies, fill mission-critical staffing positions, implement a reliable risk assessment and testing program and report compliance concerns adequately to the board.
Over the last two years, it's been clear Walmart (NYSE: WMT) is positioning itself as a competitor to Amazon. After paying $3.3 billion for e-commerce provider Jet.com in 2016, Walmart has increasingly encroached on Amazon's turf by attempting to lure Amazon's core consumer base, move into new industries, and replicate Amazon's disruption-focused mindset. With all the excitement about its digital changes, Walmart's core terrestrial operations may have flown under the radar.
The Centers for Disease Control and Prevention (CDC) is warning customers to stay away from all forms of romaine lettuce, as the scope of its investigation into an E. coli outbreak grows. The CDC had originally traced the outbreak -- which has sickened at least 53 people across 16 states -- specifically to chopped romaine lettuce grown in the Yuma, Ariz., region. An update issued on Friday, however, says customers should also avoid whole heads and hearts of romaine, in addition to chopped lettuce, unless they can determine that it was not grown in Yuma.
Are marijuana stocks ridiculously overpriced? Of the top three marijuana stocks in terms of market cap, only Aurora Cannabis (NASDAQOTH: ACBFF) reported positive earnings over the last 12 months. Based on these conventional valuation measures, all three of these top marijuana stocks certainly appear to be way overpriced.
Prince Harry and bride-to-be Meghan Markle were matching in navy blue at Queen Elizabeth’s star-studded birthday concert Saturday night — and people on social media took notice. Markle wore a navy Stella McCartney caped dress with matching navy suede
Shares of Philip Morris International (NYSE: PM) plunged 16% on April 19, after the tobacco giant posted a mixed first quarter. It also noted that soft demand in Indonesia -- once a major growth market -- offset its growth in Pakistan and Thailand in South Asia.
For SunPower, the real payoff from this deal won't derive from gaining SolarWorld's manufacturing plant -- the key benefit will come if it wins an exclusion from tariffs for its high-efficiency solar cells and panels, which are made in Asia. SunPower is the only global manufacturer that produces interdigitated back contact (IBC) solar cells at scale, and no U.S. manufacturers use the technology today.
Uncertainty in the cryptocurrency mining market has led to the world’s leading chipmaker, Taiwan Semiconductor, to lower its revenue forecast for the year. Adding insult to injury, weakness in demand for Apple’s iPhone, for which Taiwan Semi is the supplier, is also weighing on this year’s expected sales. Meanwhile, bitcoin mining was the champion of 2017, helping to drive Taiwan Semi’s 2017 revenue results higher by 6%, including a 10.1% increase in the fourth quarter alone.
Frontier Communications (NASDAQ: FTR) has been in steady decline. It has lost customers in every quarter since it spent $10.55 billion in April of 2016 to buy Verizon's (NYSE: VZ) wireline business in California, Texas, and Florida.
Oil prices are on fire, recently hitting a three-and-a-half-year high. Oil giant ExxonMobil (NYSE: XOM) stumbled into 2018 after reporting lackluster results to end last year. As a matter of fact, Exxon is currently trading at a valuation not seen since the 1980s.