Viktor Bout, the suspected Russian arms dealer who has been fighting his prosecution in the U.S. for almost a decade, is nearing the end of his legal options. A federal appeals court in Manhattan on Monday denied Mr. Bout’s bid for a new trial, limiting his hopes of overturning his 2011 conviction. Mr. Bout, dubbed the “Merchant of […] (via WSJ)
Here are the big questions we are asking at FT Markets into the week when the calendar flips over into December. Will Opec deliver a meaningful production cut? All eyes are on Vienna and Opec’s annual gathering with a keenly awaited decision on production levels. An Opec deal on Wednesday that delivers a concrete supply reduction of at least 1m barrels a day, with non-members such as […]
Payday lenders asked a federal judge in Washington, D.C., for emergency relief to stop what they called a coordinated effort by U.S. regulators to stop banks from doing business with them, threatening their survival. In Wednesday night filings, the Community Financial Services Association of America (CFSA) and payday lender Advance America, Cash Advance Centers Inc said a preliminary injunction was needed to end the “back-room campaign” of […]
By Terray Sylvester | CANNON BALL, N.D. CANNON BALL, N.D. Activists protesting plans to run an oil pipeline beneath a lake near the Standing Rock Sioux reservation in North Dakota said on Saturday they have no intention of leaving a protest camp after U.S. authorities warned it must be vacated by Dec. 5. The U.S. Army Corps of Engineers, which manages the federal land where the main […]
A federal appeals court Monday held that a black man on death row should get a new sentencing because of comments made by the lead prosecutor that were “poorly disguised appeals to racial prejudice.” The ruling by the Fourth U.S. Circuit Court of Appeals in Richmond affirmed a lower-court decision, which found that the man’s […] (via WSJ)
Every presidential election brings with it a renewed debate on taxes: should tax rates be increased or decreased (which in turn forces economists to break out their textbooks to brush up on their Laffer curve definitions)? Traditionally, the question eventually boils down to one thing: what should the tax treatment of the “rich” be: should the wealthy pay more or less in taxes? Why the particular focus […]
The US is heading towards the potential drama of an election recount in Wisconsin after Hillary Clinton’s campaign on Saturday joined a process initiated by a third-party presidential candidate. Donald Trump won Wisconsin by about 27,000 votes and Mrs Clinton’s campaign lawyer, Mark Elias, said she would join recounts in Michigan and Pennsylvania if they were initiated too. But he said he did not expect Mr Trump’s […]
Gold pared a third weekly drop as the dollar halted a rally that sent bullion prices to a nine-month low and pushed silver into a bear market. Bullion’s first gain in four days cut this week’s loss to 2 percent. Prices have tumbled as strong economic data and the prospect of more spending after Donald Trump’s U.S. election win boosted bets for higher interest rates. Investors are […]
By Lisa Lambert | WASHINGTON WASHINGTON Lender GE Capital asked the U.S. government on Thursday to stop designating it as “too big to fail,” saying it had shrunk to the point where it would not pose a major threat to the nation’s financial stability if it experiences distress. Chief Executive Officer Keith Sherin said in a statement that the General Electric Co (GE.N) unit no longer met […]
By Gary Robertson | RICHMOND, Va. RICHMOND, Va. A Virginia state trooper who was engaged in a training exercise at a Richmond bus station died on Thursday after a man pulled out a gun and opened fire before being fatally shot by two police officers, police said. The trooper, Chad Dermyer, 37, was shot multiple times and died after being transported to an area hospital, Virginia State […]
By Terray Sylvester | BISMARCK, N.D. BISMARCK, N.D. More than 30 activists protesting plans to run an oil pipeline beneath a lake near a North Dakota Indian reservation were arrested on Friday at a retail mall during a rally timed to coincide with the busiest shopping day of the year. The rally was held at the main shopping center of North Dakota’s capital city on “Black Friday” […]
Law Blog rounds up the morning’s legal news: Blocked overtime rule: A federal judge issued a nationwide injunction blocking a sweeping regulation set to qualify millions more Americans for overtime pay Dec. 1, delivering a blow to one of President ’s signature workplace rules. [WSJ] Cordani on the stand: The Justice Department and health insurer Anthem Inc. each sought to score […] (via WSJ)
This transcript has been automatically generated and may not be 100% accurate. federal jury said the Palestinian Authority and the Palestine Liberation Organization held liable for supporting fixed terrorist attacks in Israel … the kids now have to pay the victims’ families … two hundred and eighteen point five million dollars for the attack … took place more than a decade now … for more NS were […]
By Sam Forgione | NEW YORK NEW YORK Key stock indexes on Wall Street swept to record intraday and closing highs on Black Friday thanks to gains in consumer staple and technology shares, while European stocks climbed and a stabilization in U.S. Treasury yields promoted investors to sell the dollar. The Dow, S&P 500 and Nasdaq indexes, as well as the small cap Russell 2000 , hit […]
Chinese phone supplier Huawei has supplanted Samsung as the second most profitable smartphone brand globally in Q3 2016. Apple continues to remain atop the list, having enjoyed 91 percent of all smartphone profits this year. Huawei, meanwhile, enjoyed 2.4 percent of the pile, earning an estimated $200 million for smartphone sales during the aforementioned quarter. Huawei Places Second It should come as no surprise that Apple has […]
As Wall Street traders departed for Thanksgiving this week, they could celebrate a rare achievement. On Monday and Tuesday, the four most widely cited indices of US stocks — the S&P 500, the Dow Jones Industrial Average, the Nasdaq Composite and the Russell 2000 — hit all-time highs simultaneously. The last time a “grand slam” happened was on New Year’s Eve 1999, at the height of the […]
Submitted by Jeffrey Snider via Alhambra Investment Partners, For the month of July 2014, total durable goods orders exploded higher in a fit of Boeing. The growth in aircraft orders in percentage terms was so large as to be meaningless. On a seasonally-adjusted basis, total durable goods (using the latest benchmarks) went from $236.3 billion that June to $290.8 billion for July. Coming as it did in […]
Initially the threat posed by the Legion was primarily seen as a problem for law enforcement officials. But as the threat worsened last year, and the F.B.I. stepped up the monitoring of terrorism suspects around the country, the bureau pressed the military to focus on the group, according to current and former American officials. Continue reading the main story While American and British forces conducted a series […]
If there are political similarities in the impulses that led the UK to vote for an exit from the EU and the US for Donald Trump, the market reaction to Wednesday’s collection of British tax and spending measures illustrated the economic differences between the two countries. While Trumponomics has fast become shorthand for a promised programme of tax cuts and infrastructure incentives that could rival the actions […]
The relentless rise of the dollar scorched emerging market currencies on Thursday, sending China’s renminbi to its weakest level in eight years, while India’s rupee plumbed a record low. Broad currency weakness against the dollar came as the bond market fully expects policy tightening by the Federal Reserve at its December meeting. Investors are also looking to next year and trying to gauge the extent of further […]
While most global equity markets were subdued due to the US Thaksgiving holiday, the FX world was very busy overnight, marked by the relentless dollar surge on expectations of a rate hike not only in December but further in 2017, sending Asian currencies to the weakest level in 7 years: the Bloomberg-JPMorgan Asia Dollar Index reached 103.32, the lowest level since March 2009. The regional FX plunge […]
November 24, 2016 by: Jamie Chisholm, Global Markets Commentator Thursday 08:30 GMT. European equity markets are trading cautiously in the wake of solid US data that bolstered the case for a near-term rate rise from the Federal Reserve and which has triggered another bout of dollar strength. The rampant buck is battering many emerging market currencies and leaves gold down $5 to $1,182.5 an ounce, the metal’s […]
Sheikh Mohammed bin Zayed greets a young guest during the wedding reception. Hamad Al Kaabi / Crown Prince Court – Abu Dhabi Sheikh Mohammed bin Zayed, sixth left, at the wedding reception of Faisal Al Hammadi, third left. With them are Sheikh Ahmed bin Saud bin Saqr Al Qasimi, left, Sheikh Nahyan bin Mubarak, Minister of Culture and Knowledge Development, second left, Mohamed Al Murr, former Speaker […]
The ads’ sponsor The Humane Society Legislative Fund formed in 2004 as the lobbying arm of the Humane Society of the United States, a public charity to which donations are tax-deductible. Donations to the Humane Society Legislative Fund, however, are not tax-deductible, as it’s organized as a “social welfare” nonprofit under section 501(c)(4) of the U.S. tax code. Electoral politics cannot be the primary focus of charities […]
