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Monthly Archives: February 2018

Syrian rebels down Russian plane near the country’s northern province, killing its pilot

Ozan Kose | AFP | Getty Images A Turkish-backed Syrian rebel fighter stands guard at a checkpoint in the Syrian town of Azaz on a road leading to Afrin, on February 1, 2018. Clashes raged between Turkish-backed forces and Kurdish militia in Syria’s Afrin region on January 31, 2018, as …

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Trump claims the FBI memo’s release vindicates him, blasts Russia probe again as a ‘witch hunt’

Getty Images House Intelligence Committee Chairman Rep. Devin Nunes, R-Calif., walks out to speak with reporters outside the West Wing of the White House following a meeting with President Donald Trump in Washington, DC on Wednesday, March. 22, 2017. President Donald Trump on Saturday claimed vindication from the wide release …

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Stock market loses nearly $1 trillion on the week

Brendan McDermid | Reuters Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. U.S. stocks lost nearly $1 trillion in this week’s sell-off, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. The S&P 500 fell 3.85 …

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Federal Reserve orders Wells Fargo to replace four board members

Getty Images Federal Reserve Chair Janet Yellen speaks during a news conference December 13, 2017 in Washington, DC. The Federal Reserve said Friday it is restricting Wells Fargo’s size in response to “widespread consumer abuses.” As a result, Wells Fargo plans to replace three directors by April and a fourth …

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Bet on at least an 8% pullback for stocks

Technical analyst Carter Worth of Cornerstone Macro said he expects further declines after Friday’s stock market drop. Worth pointed to a trendline from the market’s lows in 2016 that stocks have since tested and held above. To reach that line, Worth said the S&P 500 would have to fall 222 …

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No discussions or consideration to fire Rosenstein

Joshua Roberts | Reuters Deputy U.S. Attorney General Rod Rosenstein testifies to the House Judiciary Committee hearing on oversight of the Justice Department on Capitol Hill in Washington, U.S., December 13, 2017. A White House official on Friday told CNBC there were no talks about possibly firing Deputy Attorney General …

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The Dow is plunging more than 500 points, what happens next?

The stock market plunged after a better-than-expected jobs report sent interest rates higher. The Dow Jones industrial average dropped 666 points on Friday. Investors are concerned the Federal Reserve may reduce its monetary stimulus and increase interest rates more aggressively as the economy continues to strengthen. Using Kensho, a hedge …

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K.T. McFarland asks Trump to withdraw her nomination as US envoy

Tom Williams | CQ Roll Call | Getty Images K.T. McFarland, nominee to be ambassador to Singapore. K.T. McFarland, picked by President Donald Trump as his nominee to be U.S. ambassador toSingapore, asked him on Friday to withdraw the nomination. “I am asking that you withdraw my nomination to be …

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Walmart Sam’s Club closures spell gains for Costco: JP Morgan

Daniel Acker | Bloomberg | Getty Images A customer unloads a cart at a cash register at a Costco Wholesale store in Naperville, Illinois. Costco’s recent success won’t stall anytime soon with Walmart closing more Sam’s Club stores, according to J.P. Morgan. The wholesaler has the potential to open 15 …

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