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Monthly Archives: November 2017

‘We will take care of it’

Getty Images President Donald Trump speaks to the media during a meeting with congressional leadership in the Roosevelt Room at the White House on November 28, 2017 in Washington, DC. President Donald Trump on Tuesday responded to the latest North Korean missile launch, saying, “I will only tell you that …

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Court decision leaves White House’s Mulvaney in place as acting head of CFPB

Joshua Roberts | Reuters Office of Management and Budget (OMB) Director Mick Mulvaney speaks to the media at the U.S. Consumer Financial Protection Bureau (CFPB), where he began work earlier in the day after being named acting director by U.S. President Donald Trump in Washington November 27, 2017. A U.S. …

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Chinese stocks are beginning to show ‘cracks.’ Here’s what it means

China’s stock market has been steadily rising all year, but according to one technician the charts are beginning to show signs of weakness. The index has declined a little more than 2 percent in the past week, and is showing “a few cracks” after a solid monthslong upward trend, said …

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Investors should worry about Israel and Iran war, says Tom Friedman

Investors should be concerned about a potential war between Israel and Iran that could spread far beyond the Israeli border, Pulitzer Prize-winning columnist Thomas Friedman said on Tuesday. “From an investor point of view, if I’m ranking my event risk, North Korea is No. 1, but Iran versus … Israel …

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British pound jumps on report EU and UK have reached deal on ‘Brexit bill’

The British pound spiked higher Tuesday afternoon after a report that the European Union and the United Kingdom reached a deal on the so-called Brexit bill. Both British and EU sources told UK-based The Telegraph that an agreement-in-principle has been struck over the EU’s demand for a 60 billion euro …

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Colorado wars money for children’s health program will run out soon

Joe Amon | The Denver Post | Getty Images Dr. Lora Melnicoe, Pediatric Primary Care with Denver Health examining Denesif Dixon 6, during her normal rounds as her younger brother Noah Woodard 4, watches. Dr. Melnicoe is also a large part of a program to help foster kids get proper …

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China partly lifts ban on group tours to South Korea, online curbs stay

Jung Yeon-Je | AFP | Getty Images People watch news coverage of an earthquake in North Korea, shown at a railway station in Seoul, South Korea, on September 23, 2017. China National Tourism Administration will allow resumption of only over-the-counter sales of package tours from Beijing and Shandong to South …

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Boomers and millennials send Thor Industries stock blitzing higher

Luke Sharrett | Bloomberg | Getty Images A factory worker installs rivets into the roof of an Airstream Inc. RV travel trailer on the production line at the company’s assembly plant in Jackson Center, Ohio. Shares of Thor Industries soared over 13 percent in midday trading Tuesday after the RV …

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Bitcoin is still not big enough to destabilize an economy, Powell says

A fall in cryptocurrencies wouldn’t be enough to destabilize an economy, Federal Reserve chair nominee Jerome Powell said Tuesday. “They don’t really matter today; they’re just not big enough. There isn’t close enough volume to matter,” Powell told the Senate Banking Committee at his confirmation hearing for the central bank’s …

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Cryptocurrencies are ‘going to be the biggest bubble of our lifetimes’

Akio Kon | Bloomberg | Getty Images An employee demonstrates the usage of a bitcoin automated teller machine (ATM) at the BITPoint Japan Co. headquarters in Tokyo. Former Fortress hedge fund manager Michael Novogratz told a conference Tuesday that the digital currency market will be a wild roller coaster ride …

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