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DOJ refuses to provide McCabe with documents related to his firing

The Justice Department has repeatedly refused to provide former FBI Deputy Director Andrew McCabe with documents related to his firing, according to a lawsuit filed on his behalf Tuesday.

  • Trump car tariffs could run European convertibles off U.S. roads
    Business
    Reuters

    Trump car tariffs could run European convertibles off U.S. roads

    Now, pricey European convertibles are among the vehicles that could become rare on American roads if Trump's proposal to slap tariffs on imported cars takes effect. On Friday, Trump threatened to impose a 20 percent import tariff on all European Union-assembled vehicles, a move that could upend the industry's current business model for selling cars in the United States.

  • Business
    InvestorPlace

    Marijuana Stocks: Two to Consider, Two to Avoid

    The marijuana legalization movement is picking up speed. Uruguay became the first nation in the Americas to permit recreational marijuana usage in 2014. Marijuana stocks were waiting for a bigger market to come online.

  • Former Microsoft CEO Steve Ballmer's has advice for Facebook and Google: Don't make the mistake we did (FB, GOOG, GOOGL, MSFT)
    Finance
    Business Insider

    Former Microsoft CEO Steve Ballmer's has advice for Facebook and Google: Don't make the mistake we did (FB, GOOG, GOOGL, MSFT)

    The backlash against Silicon Valley is growing. Steve Ballmer, the former CEO of Microsoft, has some advice for the likes of Facebook and Google: Accept you've screwed up, and work with regulators to fix it. As Silicon Valley battles scandals and increasing regulatory scrutiny, Former Microsoft CEO Steve Ballmer has warned Facebook and Google not to make the same mistake Microsoft did.

  • Home Depot's $1.2 Billion Investment to Amazon-Proof Its Business
    Business
    Motley Fool

    Home Depot's $1.2 Billion Investment to Amazon-Proof Its Business

    Over the past several years, Home Depot Inc. (NYSE: HD) has consistently used technology to counter potential disruptors, such as Amazon.com Inc. (NASDAQ: AMZN), while staying several steps ahead of traditional rivals like Lowe's Companies Inc. (NYSE: LOW). With ideas like its e-commerce operation known as One Home Depot, and its innovative use of big data, Home Depot has consistently incorporated technology to drive strong business results and reward shareholders. This adoption of technology requires constant investment, something the company has not shied away from.

  • Why BlackBerry, J.C. Penney, and Splunk Slumped Today
    Business
    Motley Fool

    Why BlackBerry, J.C. Penney, and Splunk Slumped Today

    Friday was generally favorable on Wall Street, although pockets of weakness in the tech and small-cap area held back the Nasdaq Composite and Russell 2000 indexes even as the Dow and S&P 500 climbed. BlackBerry (NYSE: BB), J.C. Penney (NYSE: JCP), and Splunk (NASDAQ: SPLK) were among the worst performers on the day. Shares of BlackBerry fell close to 9% after the mobile device pioneer reported its fiscal first-quarter financial results.

  • John McAfee says he has been poisoned, and tells culprits: 'You will soon understand the true meaning of wrath'
    News
    The Independent

    John McAfee says he has been poisoned, and tells culprits: 'You will soon understand the true meaning of wrath'

    Cyber security pioneer John McAfee has claimed “incompetent enemies” have poisoned him, just one month after telling The Independent that he feared for his life. “I apologise for my three day absence but I was unconscious for two days at the Vidant Medical Centre in North Carolina and just woke up,” McAfee tweeted. Mr McAfee did not immediately respond to a request for further comment about whether he thought it is related to fears that nefarious actors want to kill him.

  • Southwest Bumps Into New Trouble Due to Flight 1380 Incident
    Finance
    Zacks

    Southwest Bumps Into New Trouble Due to Flight 1380 Incident

    Southwest Airlines Co. LUV is faced with a new trouble related to the April 17 flight 1380 incident. Per media reports, a group of eight passengers aboard the Southwest flight in April has filed a lawsuit against the carrier in the Supreme Court of New York. The tragic incident in April forced the carrier to make an emergency landing at the Philadelphia International Airport due to an engine failure causing a fan blade to detach.

  • How Bank of America and Wells Fargo fared in latest round of stress testing
    Business
    American City Business Journals

    How Bank of America and Wells Fargo fared in latest round of stress testing

    Charlotte's two most prominent banks passed the Federal Reserve's first round of 2018 Dodd-Frank Act stress tests this week. Bank of America Corp. (NYSE: BAC) and Wells Fargo & Co. (NYSE: WFC) were among 35 of the country's largest banks to show they could weather a "severely adverse" economic meltdown, similar to that in the 2008-09 recession. Results of the Fed's Comprehensive Capital Analysis and Review will be released Thursday.

  • Business
    Benzinga

    Bernstein Pumps The Brakes On AMD: 'Expectations Have Soared'

    Advanced Micro Devices, Inc. (NASDAQ: AMD) shares have climbed 62 percent year-to-date. Yet AMD’s fundamental performance may not be as rosy as the market seems to think, according to Bernstein.  The Analyst Bernstein analyst Stacy Rasgon on June 20

  • Sales from US carmakers may come to a screeching halt with new tariffs
    Business
    Yahoo Finance Video

    Sales from US carmakers may come to a screeching halt with new tariffs

    Tariffs from China could hurt SUV sales in the United States. Meanwhile, a list of the most “American-made” cars is out. Yahoo Finance Alexis Christoforous, Rick Newman, and Dan Howley discuss.

  • Why iQiyi, inc. Stock Dropped on Thursday
    Business
    Motley Fool

    Why iQiyi, inc. Stock Dropped on Thursday

    Rather, with shares of the so-called "Netflix of China" up more than 96% in the month leading up to yesterday's close, today's drop is likely the result of traders taking some of their recent profits off the table. Of course, it likely helps that iQiyi only just held its initial public offering after spinning off from former parent company Baidu in late March 2018, leaving the stock susceptible to more than its fair share of post-IPO hype and volatility.

  • Why Red Hat, Inc. Shares Crashed Today
    Business
    Motley Fool

    Why Red Hat, Inc. Shares Crashed Today

    What happened Shares of Red Hat (NYSE: RHT) crashed on Friday, following Thursday night's release of the open-source software vendor's first-quarter results. The stock opened Friday's trading session 14.6% lower, recovered to a 10.1% decline near 11:

  • OPEC Hikes Output, Which Is Actually Welcome News for Oil Stocks
    Business
    Motley Fool

    OPEC Hikes Output, Which Is Actually Welcome News for Oil Stocks

    In a widely anticipated move, the members of OPEC and their nonmember partners agreed to increase output by 1 million barrels a day (BPD) starting in July, though the actual increase will be much smaller than the headline number. What might come as a surprise to some is that oil prices turned sharply higher on the news. Driving these gains is the market's relief that OPEC's agreement seems to have addressed the need for more oil without going too far.

  • ABC's Roseanne Spinoff The Conners Has Divided the Internet
    News
    Time

    ABC's Roseanne Spinoff The Conners Has Divided the Internet

    News that ABC is pursuing a spinoff series of Roseanne without the show’s brash and controversial star Roseanne Barr left viewers divided Thursday night, with some praising the network’s handling of the hit series‘ cancellation and others outraged. A 10-episode series of The Conners, starring actors John Goodman, Laurie Metcalf, Sara Gilbert, Lecy Goranson and Michael Fishman as their Roseanne characters, will air this fall with no “financial or creative involvement” from Roseanne Barr, ABC said in a statement.

  • Is It Time To Sell Enterprise Products Partners LP (NYSE:EPD) Based Off Its PE Ratio?
    Business
    Simply Wall St.

    Is It Time To Sell Enterprise Products Partners LP (NYSE:EPD) Based Off Its PE Ratio?

    This analysis is intended to introduce important early concepts to people who are starting to invest and want to better understand how you can grow your money by investing in Enterprise Products Partners LP (NYSE:EPD). Enterprise Products Partners LP (NYSE:EPD) is trading with a trailing P/E of 20.6x, which is higher than the industry average of 13.4x. While this makes EPD appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio.

  • Is It The Right Time To Buy Altria Group Inc (NYSE:MO)?
    Business
    Simply Wall St.

    Is It The Right Time To Buy Altria Group Inc (NYSE:MO)?

    Altria Group Inc (NYSE:MO) saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $66.13 and falling to the lows of $54.52. A question to answer is whether Altria Group’s current trading price of $56.79 reflective of the actual value of the large-cap? Let’s take a look at Altria Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

  • From boat makers to farmers, US-led tariff war inflicts pain
    Business
    Associated Press

    From boat makers to farmers, US-led tariff war inflicts pain

    A Florida boat builder absorbs $4 million in lost business and expects more pain. An Ohio pork producer is losing access to a vital export market and fears the damage will last years. A motorcycle shop near Cologne, Germany, wonders if it even has a future.

  • Tesla SolarCity
    Business
    Yahoo Finance Video

    Tesla SolarCity

    Elon Musk and Tesla in the news again -- let's first talk about its solar business. The Reuters report coming on the heels of Tesla's announcement last week to cut 9% of its workforce. Solar roof hit the mkt just over a year ago. stock selling off -- another bump in road for Musk... Just last week, CEO Elon Musk said his company would stop selling SolarCity products at sales kiosks at around 800 Home Depot Inc. stores- that retail partnership reportedly generated around half of the division's sales. Burning through cash -- some investors don't see a viable strategy for the company to turn things around. How can Musk change the narrative and investors minds? Bernstein note today questioning Tesla's treatment of costs in its financial statements, saying margins on the cars they sell may have been overstated. How serious is this for Tesla?

  • Why Frontier Stock Closed Down 8.3% on June 21
    Business
    Market Realist

    Why Frontier Stock Closed Down 8.3% on June 21

    Yesterday, the stock of Frontier Communications (FTR) fell 8.3% after the company announced the resignation of R. Perley McBride, its executive vice president and CFO. McBride is leaving the company for personal reasons and has plans to return to his family who lives in Atlanta. McBride will continue to serve as CFO until August 31 for a smooth transition of responsibilities.

  • Why Waddell & Reed Financial Inc (NYSE:WDR) Could Be A Buy
    Business
    Simply Wall St.

    Why Waddell & Reed Financial Inc (NYSE:WDR) Could Be A Buy

    Waddell & Reed Financial Inc (NYSE:WDR), a capital markets company based in United States, received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $20.73 at one point, and dropping to the lows of $17.87. A question to answer is whether Waddell & Reed Financial’s current trading price of $19.47 reflective of the actual value of the small-cap? Let’s take a look at Waddell & Reed Financial’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

  • Will Micron Continue to Grow on Higher Demand for Memory Chips?
    Business
    Market Realist

    Will Micron Continue to Grow on Higher Demand for Memory Chips?

    The Key Events That Shaped the Tech Sector Yesterday (Continued from Prior Part) Micron beat estimates in the third quarter On June 20, Micron Technology (MU) reported strong quarterly results for the third quarter of fiscal 2018, which ended May 31.

  • 2 Top Stocks in the Oil Patch
    Business
    Motley Fool

    2 Top Stocks in the Oil Patch

    Oil prices have improved dramatically over the past year as OPEC's move to drain off the supply glut proved more successful than envisioned. Two top ones where that's the case are Devon Energy (NYSE: DVN) and Enbridge (NYSE: ENB). Devon Energy got 2018 off to a rough start after reporting production problems at the end of last year, which caused its stock to stumble out of the gate.

  • Business
    Forbes

    These 4 Big Bank Stocks Look Cheap, Make Money And Pay Dividends

    My screen for possible undervalued stocks -- what they sometimes describe on Wall Street as "cheap" -- is finding 4 bank stocks that come in under stated book value and which trade for unusually low price/earnings ratio. The big money center banking operation is trading at an 8% discount to book right now and the price/earnings ratio is 11. Citigroup has been persistently declining since it peaked in late January at 80 -- the price is now 68, a 15% drop in not quite 4 months.

  • Transocean’s Revenues Increased in the First Quarter
    Business
    Market Realist

    Transocean’s Revenues Increased in the First Quarter

    In the first quarter, Transocean’s (RIG) drilling revenues were $664 million—5.5% higher than its revenues of $629 million in the previous quarter and 11.2% lower than its revenues of $748 million in the first quarter of 2017. Transocean was the only company among its peers that saw higher revenues from the fourth quarter. Transocean expects its second-quarter revenues to increase 14% from the first quarter.

  • Analyzing the Rally in Chesapeake Energy Stock
    Business
    Market Realist

    Analyzing the Rally in Chesapeake Energy Stock

    Chesapeake Energy: Will the Bulls or Bears Win? Chesapeake Energy’s stock performance Recently, Chesapeake Energy (CHK) stock has been on a rising streak due to strong first-quarter earnings. On a year-to-date basis, the stock has increased 18%. What