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Monthly Archives: December 2018

London Gatwick drone sighting again shuts airport

Jack Taylor | Getty Images Passengers wait in the South Terminal building at London Gatwick Airport on December 21, 2018 in London, England. London Gatwick again halted departures and arrivals on Friday after reports of another drone sighting near the airfield of the second-busiest airport in Britain snarled travel during …

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I want to see ‘something happen’ on border security

Andrew Harrer | Bloomberg | Getty Images President Donald Trump speaks during an interview in the Oval Office of the White House in Washington. With less than 12 hours to go before a partial government shutdown, President Donald Trump was running out of ways to force Congress to fund his …

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A government shutdown typically doesn’t hurt the stock market, history shows

As a government shutdown seems more and more imminent, investors are pondering what it will do to the stock market. If history is any guide, the answer is: nothing. In the previous 20 shutdowns going back to 1976, stock prices have rarely moved significantly lower and in fact, they have …

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Apple stock is poised to enter a death cross

Apple shares are in the crosshairs. After hitting records in October, the stock has slumped 33 percent in one of the worst performances on the Dow. Its technical setup is pointing to more pain, says Bill Baruch, president of Blue Line Futures. “Apple has gone lower than I thought it …

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Trump tariffs would make a ‘steel slat’ border wall much more costly

Jose Luis Gonzalez | Reuters Construction workers are seen next to heavy machinery while working on a new border wall in Santa Teresa, New Mexico, as seen from the Mexican side of the border in San Jeronimo, on the outskirts of Ciudad Juarez, Mexico April 23, 2018. A White House …

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GM hints it could negotiate a way to keep one or more plants open

Jeff Swensen | Getty Images An exterior view of the GM Lordstown Plant on November 26, 2018 in Lordstown, Ohio. GM said it would end production at five North American plants including Lordstown, and cut 15 percent of its salaried workforce. The GM Lordstown Plant assembles the Chevy Cruz. At least …

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NY Fed President John Williams says the Fed could re-evaluate view in 2019

Federal Reserve Bank of New York President John Williams told CNBC on Friday the Fed is open to reconsidering its views on rate hikes next year. “We are listening, there are risks to that outlook that maybe the economy will slow further,” Williams told Steve Liesman during an interview on …

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Gymboree reportedly shopping for bankruptcy loan

David Paul Morris | Bloomberg | Getty Images Pedestrians walk past a Gymboree store in San Francisco, California. Gymboree is seeking a bankruptcy loan to keep some of its stores open while it looks for a buyer, according The Wall Street Journal. People familiar with the matter told the Journal …

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Facebook will reportedly use cryptocurrency for transfering money through WhatsApp

David Paul Morris |Bloomberg | Getty Images Narendra Modi, India’s prime minister, left, speaks as Mark Zuckerberg, chief executive officer of Facebook, listens during a town hall meeting at Facebook headquarters in Menlo Park, California, U.S., on Sunday, Sept. 27, 2015. Facebook is reportedly working on a cryptocurrency for global …

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Read James Mattis’ letter to Trump resigning as Defense secretary

Mattis’ resignation comes on the heels of Trump’s controversial plan to withdraw U.S. troops from Syria. The president’s decision, announced on Wednesday, will reportedly take more than 2,000 U.S. servicemembers out of the country, ending the ground strategy against the Islamic State. Trump said in a tweet Wednesday morning that …

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