© Reuters. By Gina Lee Investing.com – Hong Kong’s Cathay Pacific Airways (HK:) will receive a HK$30 billion ($3.87 billion) rescue package from the Hong Kong government as part of a $40 billion capital restructuring exercise. The package will see the government take an undisclosed stake in the embattled airline,Read More →
‘A child cannot, thank Heaven, know how vast and how merciless is the nature of power, with what unbelievable cruelty people treat each other. He reacts to the fear in his parents’ voices because his parents hold up the world for him and he has no protection without them.’ —Read More →
© Reuters. FILE PHOTO: Britain’s Prime Minister Boris Johnson welcomes U.S. President Donald Trump at the NATO leaders summit in Watford WASHINGTON (Reuters) – U.S. President Donald Trump on Friday discussed the security of telecommunications networks with British Prime Minister Boris Johnson, the White House said, as Britain nears aRead More →
By Junko Fujita TOKYO (Reuters) – Japanese hotel chain Unizo Holdings (T:) said on Sunday it had received a friendly buyout offer from U.S. investment fund Lone Star, a deal that could end a five-month takeover battle involving Blackstone Group (N:), Fortress Investment Group and activist investor Elliott Management. LoneRead More →
This December, for the second year in a row, Chrys Kefalas and his husband didn’t deck the halls. Instead, they hired a friend to do it. Kefalas, who lives in the Washington, D.C., area with his husband, radio and television host Tommy McFly, enlisted the services of his friend HeatherRead More →
© Reuters. Hedge fund White Elm to shut down, posts double digit returns -letter By Svea Herbst-Bayliss BOSTON (Reuters) – Hedge fund White Elm Capital is returning money to outside clients at the end of the year, ending a 12-year run of picking stocks for pensions, endowments and wealthy families,Read More →
FREDERIC J. BROWN/AFP via Getty Images The tax code is ‘not race and gender neutral’ according to new research. If you’re physically hurt on the job, the Internal Revenue Service generally won’t touch the worker’s compensation or legal settlement you receive. But if your boss harasses you, makes comments aboutRead More →
She’s the darling of the far left … and of Bernie Sanders. Rep. Alexandria Ocasio-Cortez, D-N.Y., has a “very, very important role” waiting for her in the White House should fellow Democratic Socialist Bernie Sanders win his party’s nomination and then defeat President Donald Trump in 2020, the Vermont senatorRead More →
(Reuters) – Wells Fargo & Co (N:), which recently tapped one-time Jamie Dimon protégé Charles Scharf to be its CEO, has hired another former JP Morgan Chase (N:) executive and previous White House official, William Daley, to head public affairs. Daley, who was named vice chairman of public affairs, willRead More →
African-American students are nearly four times as likely to be suspended from school as Caucasians, researchers say. And a new study may help explain why. It alleges to have uncovered evidence of racial bias among a sample of school principals and assistant principals. African-American middle-school and high-school boys were moreRead More →
Reports that the White House may be looking to clamp down on capital flows into China roiled Wall Street on Friday, as investors with exposure to Chinese firms struggled to make sense of what such moves would entail. Trump administration officials were having preliminary discussions on ways to limit ChineseRead More →
This cautionary tale could get your kids to eat their veggies. A British teenager described as a “fussy eater” went blind and partially deaf after noshing nothing but potato chips, sausages, French fries and white bread for the past decade, according to an alarming case study published in the AnnalsRead More →
Five years after the Affordable Care Act took effect, the health-insurance overhaul has narrowed coverage gaps between the rich and poor, according to new research. The health-care law erased 44% of the coverage gap between many poor Americans without health insurance and the few rich Americans without it, according toRead More →
‘Before I came to the White House I spent a better part of 20 years forecasting the business cycle and stock market trends, and what I can tell you with certainty is that we’re going to have a strong economy through 2020 and beyond with a bull market.’ That’s WhiteRead More →
© Reuters. Outgoing Acting Defense Secretary Patrick Shanahan leaves the Pentagon WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday he intends to nominate Army Secretary Mark Esper to be secretary of defense, the White House said in a statement. Esper takes over as acting defense secretary on MondayRead More →
The experience of repaying student loans is unpleasant for millions of graduates, but for some borrowers, paying off student debt is an almost insurmountable challenge. Twelve years after entering college, white men have paid off 44% of their student-loan balance on average, according to an analysis released Thursday by Demos,Read More →
A new report that the White House asked the U.S. Navy to keep the USS John McCain warship “out of sight” during President Donald Trump’s recent trip to Japan spurred shock and outrage on social media Wednesday night. The Wall Street Journal, citing a May 15 email from the WhiteRead More →
Members of the college class of 2019 are starting out on some of the best economic footing in recent memory, but that fortune isn’t spread equally. The gulf in wages between young black college graduates and young white college graduates has actually widened over the past two decades, according toRead More →
© Reuters. FILE PHOTO: A gas pump selling E15, a gasoline with 15 percent of ethanol, is seen in Mason City By Jarrett Renshaw, Chris Prentice and Humeyra Pamuk (Reuters) – The U.S. Environmental Protection Agency has suspended work on its plan to publish the names of refineries securing exemptionsRead More →
Getty Images White House National Economic Council Director Larry Kudlow The White House pressure on the Federal Reserve heated up again on Friday after President Trump’s adviser Larry Kudlow said he wanted the U.S. central bank to “immediately” cut its benchmark interest rate by 50 basis points. Kudlow’s comments, reportedRead More →
WASHINGTON — The House Oversight Committee on Friday renewed its request to the White House for documents related to the administration’s security-clearance processes, following reports that President Trump ordered his former chief of staff to grant his son-in-law a top-secret security clearance. In a letter to White House counsel PatRead More →
© Reuters. FILE PHOTO – White House economic adviser Larry Kudlow walks to speak to the media outside the White House in Washington WASHINGTON (Reuters) – A top economic adviser to U.S. President Donald Trump on Tuesday pushed back against reports that a preliminary trade meeting between U.S. and ChineseRead More →
