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Monthly Archives: February 2018

Trump Org says it donated foreign profits to Treasury, but won’t say how much

Mandel Ngan | AFP | Getty Images Donald Trump speaks during the grand opening of the Trump International Hotel in Washington, DC on October 26, 2016. A Trump Organization executive says the company has donated profits from foreign government patrons at its hotel properties to the U.S. Treasury, but won’t …

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Shell warns of LNG shortage as demand for liquefied natural gas booms

Royal Dutch Shell says the world could be grappling with a shortage of liquefied natural gas within a decade due to underinvestment in new projects. The Anglo-Dutch energy giant issued the warning in its second annual LNG outlook, which reports on developments in the booming market for natural gas cooled …

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Supreme Court rejects Trump administration’s appeal over immigration

Monica Almeida | Reuters A DACA recipient who was brought to the U.S. when she was 4-years-old, speaks during a rally in support of a permanent legislative solution for immigrants in Los Angeles, California, February 3, 2018. The U.S. Supreme Court on Monday dealt a setback to President Donald Trump, …

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Euro zone economic slack may be bigger than thought: ECB’s Mario Draghi

Dario Pignatelli | Bloomberg | Getty Images Mario Draghi, president of the European Central Bank (ECB) The factors slowing the rise of inflation will wane as growth continues and the traditional relationship between growth and inflation remains intact, even if their correlation has been weakened in recent years, Draghi told …

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What to watch this week in the fight for Congress

Aaron P. Bernstein | Reuters Senator Dianne Feinstein (D-CA) asks questions during former FBI Director James Comey’s appearance before a Senate Intelligence Committee hearing on Russia’s alleged interference in the 2016 U.S. presidential election on Capitol Hill in Washington, June 8, 2017. While the result does not yet spell doom …

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Airstream to expand production to meet booming RV demand

Luke Sharrett | Bloomberg | Getty Images A factory worker installs rivets on the rear window of an Airstream RV travel trailer at the company’s assembly plant in Jackson Center, Ohio. After delivering a record number of RVs in 2017, Airstream is expanding production to meet growing demand for its …

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Merkel’s CDU party votes in favor of coalition deal with centre-left SPD

Getty Images German Chancellor Angela Merkel speaks at the annual congress of the Federation of German Industry (BDI) on June 20, 2017 in Berlin, Germany. Germany’s Christian Democrats (CDU) on Monday approved a coalition deal with the center-left Social Democrats (SPD), bringing conservative leader Angela Merkel a step closer to …

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NBA agent is killed in Colorado crash, his 5-year-old son was injured

Jerritt Clark | Getty Images Dan Fegan attends Caravan’s Fahion’s Night Out event on September 8, 2011 in New York City. Longtime NBA agent Dan Fegan died in a car crash Sunday. He was 56. The Colorado State Patrol says Fegan was driving an SUV when he tried to merge …

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Bitcoin spikes $700 higher in sudden move

Bitcoin jumped back above $10,000 Monday morning amid broad gains in the cryptocurrency market. The largest cryptocurrency suddenly spiked in morning trading to near $10,200. That marked a gain of more than $700, or about 7.5 percent, over the last 24 hours on Coinbase, the leading U.S. marketplace for major …

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It is ‘crazy’ to borrow money to buy stocks

Warren Buffett believes investors should avoid using borrowed money to buy stocks. “It is crazy in my view to borrow money on securities,” he told CNBC on Monday. “It’s insane to risk what you have and need for something you don’t really need. … You will not be way happier …

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