U.S. Attorney Preet Bharara said on Saturday that he had been fired, one day after the Justice Department asked him and 45 other federal prosecutors who had served under Democratic President Barack Obama to submit their resignations. “I did not resign.
Category: Business News
Suspect Arrested After Scaling White House Fence
An intruder carrying a backpack was arrested after scaling a fence around the White House and entering the grounds, the U.S. Secret Service said on Saturday, in the latest breach of security at the president’s official residence. President Donald Trump was inside the White House when the male suspect climbed over the fence on the complex’s South Grounds at 11:38 p.m. on Friday, and uniformed officers arrested him, the Secret Service said in a statement.
AT&T staying mum on outage that disrupted 911 service
UPDATE: An AT&T spokeswoman says a nationwide outage has been resolved. A hardware issue had caused some calls not to connect Saturday morning.
How to reset your body clock for daylight-saving time and jet…
Ah, daylight-saving time, that point in the year when – because of what almost seems like a joke by Ben Franklin – we shift our clocks forward an hour. Not all states or countries observe the time change, but it is nice to suddenly be able to leave work before sunset.
A brutal chart shows how investors have been failed by hedge…
Deutsche Bank just came out with its annual survey on the state of the hedge fund industry. Among the findings: for the past three years, investors in hedge funds haven’t been getting close to the returns they expected.
What’s Happening in Europe Next Week
Get an email alert each time I write an article for Real Money. Click the “+Follow” next to my byline to this article. Sure like the action in COH this morning. The stock is up 1.5% and is beginning to pierce a very heavy r…
Intruder Arrested on White House Grounds
An intruder carrying a backpack entered the White House grounds late Friday and was arrested at an entrance near the part of the building where the president resides, the U.S. Secret Service and CNN said on Saturday. President Donald Trump, who was in the White House at the time, was not in any danger from the security breach, CNN reported, citing an unnamed source.
Engineers give US infrastructure a ‘D+’ – here’s a look at…
Infrastructure Report Card , which is published every four years, US infrastructure gets a D+ grade. It got the same grade in 2013.
A 29-year-old startup founder who built an ecommerce empire…
“This was back when jean skirts were a big thing,” Box said.” I figured out how to stress denim using old jeans, bleach, and razors.”
Secret Service: Person Arrested on White House Grounds
The U.S. Secret Service says a person is under arrest after climbing a fence and getting onto the south grounds of the White House. The agency says the individual – whom it did not identify – was arrested without further incident.
Week Ahead: Wall Street Waits to Exhale
Investors anxiously await action on Obamacare repeal, tax reform and interest rates. Here’s what to look for in coming days.
Denim Is Back With a Vengeance — Here Are the Top Names That Could Cash In
Denim has been a mainstay of American life for nearly 150 years. Eventually, that workday fabric made its way into jeans, jackets and coveralls and became commonplace the world over.
The timeline for Trump’s NAFTA renegotiation is getting more…
Debate over the effects and future of the NAFTA trade deal have been but one point of contention between Mexico and the US since President Donald Trump took office. There are number of potential sticking points and murky details about any NAFTA renegotiation, but it’s becoming more clear when it could actually go down.
2 Steps to Superior Returns
If you ask fund managers or a financial planner about the best way to produce good long-term investment results, they will talk about diversification, risk management, staying the course and a variety of other academic theories. There are endless theories about how to build a portfolio over time.
Q&A: Black SGA president discusses white support at Alabama
This photo taken Thursday, March 6, 2017, shows newly elected University of Alabama student body president Jared Hunter talking on the balcony of his Theta Chi fraternity house in Tuscaloosa, Ala. The 19-year-old Hunter is black but won a three-way race with the support of a secretive white-controlled campus organization called The Machine, which never before backed a black candidate running for president.
Leader of Spain’s largest union stepping down
Ignacio Fernandez Toxo told a meeting of the Comisiones Obreras union on Saturday that he won’t seek a third term as general secretary in elections set for June. “These times call for younger leaders,” Fernandez Toxo said.
Tesla’s Model 3 Is Only One of 6 New Disruptive Electric Cars Speeding Your Way Very Soon
Electric and self-driving cars are the future, and Tesla isn’t the sole name with its hat in the ring. On a worldwide scale, 773,600 electric vehicles were sold in 2016, 42% higher than 2015.
HSBC Said Close to Naming AIA’s Mark Tucker as Chairman
HSBC Holdings Plc has made insurance executive Mark Tucker the preferred candidate to be chairman, replacing Douglas Flint, according to two people familiar with the decision, as Europe’s largest bank takes the first step to overhaul its top management team. Tucker, 59, chief executive officer of AIA Group Ltd. and former head of Prudential Plc, is in discussions with the bank, according to the people who asked not to be identified because the succession process is private.
UK counter-terrorism police released a fascinating podcast…
The UK’s National Counter Terror Police Unit has released a podcast chronicling the stories of the real terror plots it has managed to prevent. “Code:Severe” launched on on March 6 and shot to the number three spot in the UK iTunes podcast charts at the time of writing, ahead of “Serial,” “Desert Island Discs,” and “TED Talks.”
A Navy SEAL explains how to make your home more secure
We tend to look at home security as just our home, the locks, and the alarm system. But the reality is there’s more layers than that that start well outside your front yard.
Albert Edwards: The Fed is about to cause a bond market ‘bloodbath’
Markets are pricing in a 100% probability that the Federal Reserve will raise its benchmark rate when it meets Tuesday and Wednesday. The Fed’s most recent projection for the fed funds rate , which will be updated at the meeting, showed that it could hike as many as three times this year.
Optical Component Stocks Still Worth a Look Following Finisar’s Tumble
Though Finisar and a couple of other component vendors have offered disappointing outlooks, strong demand from cloud giants should continue propping up the industry. This column originally appeared on March 10 on Real Money, our premium site for active traders.
If Trump Fans Love Freedom, They Should Love Net Neutrality
Imagine a world where Comcast slows video streaming from Fox News’s website to a pixelated crawl while boosting Rachel Maddow-who happens to star on Comcast-owned MSNBC. What if Verizon, which owns the liberal Huffington Post, charged you more to visit right-wing Breitbart.
Lloyds Takes Further $426 Million Provision for U.K. PPI Claims
Lloyds Banking Group Plc will take a 350 million-pound provision for improperly sold loan insurance in the first quarter after the U.K. regulator extended a deadline for complaints. The charge is in response to the Financial Conduct Authority’s policy statement on payment protection insurance issued on March 2, and won’t impact the bank’s earnings guidance, the London-based company said in a statement on Friday.
3 ways technology is helping the construction industry
Dave Bullard examines a 3-D printed “stick,” part of an excavator, during the first day of the 2017 CONEXPO-CON/AGG convention Tuesday, March 7, 2017, at the Las Vegas Convention Center. The massive construction vehicles garner immediate attention at CONEXPO-CON/AGG 2017 concluding today at the Las Vegas Convention Center, but it’s what’s tucked behind those monstrosities that could have the biggest impact.
How healthy are you? GOP bill would help employers find out
A bill in Congress could make it harder for workers to keep employers from getting access to their personal medical and genetic information and raise the financial penalties for those who opt out of workplace wellness programs. House Republicans are proposing legislation aimed at making it easier for companies to gather genetic data from workers and their families, including their children, when they collect it as part of a voluntary wellness program.
Wikileaks CIA documents raise hacking fears – should we worry about our devices?
Complete data security may be impossible, especially considering most companies can take up to six months to realize that they’ve been hacked. Explosive allegations this week out of Wikileaks that U.S. intelligence agencies are surreptitiously spying on us using our devices has prompted many consumers to worry if their data privacy is at risk.
What you need to know before arranging a funeral
Planning a funeral can be a challenge, but experts say asking the right questions can make the process go more smoothly. A recent investigation by CBC’s Marketplace and the Toronto Star found some staff at funeral homes run by a large Canadian chain pushing costly package deals, often with big markups.
AT&T Outage Takes Down 911 Lines
Millions of AT&T customers were left without 911 service for several hours last night. The outage appeared to have affected wireless customers across the country, with reports that customers were unable to reach emergency services in New York, Los Angeles, Washington D.C., Chicago, Miami, San Francisco and Seattle, among other areas.
Trump Says `Troubled Person’ Scaled White House Fence Friday
Donald Trump on Saturday thanked the Secret Service for apprehending “a troubled person” who scaled the fence of the White House overnight and was arrested in short order. “Secret Service did a fantastic job last night,” the president told reporters at Trump National Golf Club in Potomac Falls, Virginia.
AT&T Outage Takes Down 911 Lines
Millions of AT&T customers were left without 911 service for several hours last night. The outage appeared to have affected wireless customers across the country, with reports that customers were unable to reach emergency services in New York, Los Angeles, Washington D.C., Chicago, Miami, San Francisco and Seattle, among other areas.
Uber employees are about to get their bonuses, and all eyes…
One of Uber’s biggest assets is about to face a stress test that will expose the extent of the damage the company has suffered after being shaken by a string of scandals. Uber will distribute annual bonuses to employees next week – a ritual that many people inside and outside the company think could trigger an exodus of employees.
The Army just opened an investigation into allegations of…
The US Army has opened an investigation into allegations that some active-duty soldiers may be involved in the online sharing of nude photos of their colleagues, Business Insider has learned. The inquiry by the US Army’s computer crime investigative unit comes one day after Business Insider reported that the scandal initially believed to be limited to the Marine Corps actually impacts every branch of service.
How to Cancel a Check
When you lose a personal check or it’s stolen, you’re not out of luck. You can ask your bank or credit union to cancel the check – also known as a stop payment order – but timing can be crucial, so follow these four steps as soon as possible.
Caterpillar Tax Probe Gathers Steam
For Jim Umpleby, who took charge as Caterpillar’s chief executive little more than two months ago, an escalating criminal investigation threatens to upstage the heavy-machinery maker’s efforts to regain footing in global construction and mining markets. The manufacturing giant has faced several investigations in recent years into whether it is paying enough U.S. taxes.
Tradable Decline Ahead; Check the Crystal Ball: Best of Kass
In highlights from this week’s trading diary and posts, Kass discusses the tradable decline that lies ahead, and also checks in on his crystal ball’s accuracy. Doug Kass fills his blog on RealMoney every day with his up-to-the-minute reactions to what’s happening in the market and his legendary ahead-of-the-crowd ideas.
Nissan, Ford, BMW Sue Takata Over Faulty Airbag Losses
Nissan Motor Co., BMW of North America and Ford Motor Co. accused Takata Corp. of fraud in a lawsuit seeking to force the airbag manufacturer to cover losses they incur because of its faulty inflators that have been linked to at least 17 deaths worldwide.
Nintendo Makes the ‘Switch’ With a New Hybrid Game Console
Nintendo of the America President & COO Reggie Fils-Aime on the Nintendo Switch's instant success, and the strategy behind its release. Nintendo’s new game console, Switch, may be the hottest thing to hit the video gaming industry since Pokmon Go.
LA County, Inland Empire post heavy job losses in January
This Jan. 9, 2014 staff file photo shows machinist Nelson Saravia operating a CNC machine, which makes the hydraulic manifold for a helicopter at Warmelin Precision Products in Hawthorne.
Trump has made his FDA pick – here’s what that could mean…
Gottlieb is a resident fellow at the American Enterprise Institute and venture partner at New Enterprise Associates. He previously served as former deputy commissioner of the FDA during George W. Bush’s presidency.