Stock futures up as Huawei ban delay offsets retail woes

Increased market volatility ahead over China trade uncertainties? E-Valuator Funds CIO Kevin Miller on Home Depot’s first-quarter results and the impact of U.S.-China trade tensions and the Federal Reserve on the markets. U.S. stock futures rose Tuesday as the administration's delay on its blacklisting of Huawei Technologies offset the effect of weak retail quarterly results. Continue Reading Below Kohl's reported that […]

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German authorities raid 11 banks in tax evasion probe

German authorities have carried out raids on eight individuals and 11 banks in an investigation of suspected tax evasion stemming from the leaked Panama Papers. News agency dpa reported that Frankfurt prosecutors said Wednesday's raids in various parts of Germany also targeted the offices of four tax advisers. The wealthy individuals are suspected of setting up letter-box companies via a […]

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Indian court lifts ban on Chinese social media app TikTok

An Indian court on Wednesday lifted its ban on Chinese social media video-sharing app TikTok on the condition that the platform popular with teenagers would not be used to host obscene videos. Justices N. Kirubakaran and S.S. Sundar warned TikTok that any video on the app violating conditions would be considered contempt of court. Continue Reading Below India is a […]

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EU ignores US calls to ban Huawei in 5G security blueprint

FILE – In this Sept. 26, 2018 file photo, a staff member uses a laptop at a display for 5G wireless technology from Chinese technology firm Huawei at the PT Expo in Beijing. The European Commission recommends member countries share information as part of new cybersecurity measures for next-generation mobile networks. However, the commission is ducking U.S. calls to ban […]

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JPMorgan says it will stop bankrolling private prisons

Lawmakers agree on new prison reform bill “Stacy on the Right” host Stacy Washington discusses the proposed bipartisan prison reform bill. JPMorgan Chase – the largest U.S. bank– announced on Tuesday it would stop funding private prison operators, following criticism related to President Trump’s immigration policies. Continue Reading Below “JPMorgan Chase has a robust and well established process to evaluate […]

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Judge says ban on rapid-fire ‘bump stocks’ can go forward, rejects challenge to new rules

A bump stock is seen to a disassembled .22-caliber rifle at North Raleigh Guns in Raleigh, N.C.  (Photo11: Allen Breed, AP) The Trump administration can go ahead with a ban on the rapid-fire gun attachments used to carry out the deadliest mass shooting in modern U.S. history, a federal judge ruled late Monday, turning back one of the first legal […]

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ASIC life ban overturned after AAT find key arguments not raised

The Australian Securities and Investments Commission is challenging the overturning of a life ban it gave to an ANZ financial advisor after the Administrative Appeals Tribunal found it did not make key arguments to justify the prohibition and in doing so forced the tribunal to overturn ASIC's decision to bar the planner. In a humiliating loss that comes during intense scrutiny of the […]

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Sears chairman prevails in bankruptcy action for retailer with $5.2B bid: Report

Is Sears dead? Belus Capital Advisors CEO Brian Sozzi on whether Sears can make a comeback. Sears Holdings Chairman Eddie Lampert has reportedly prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion. Continue Reading Below That will allow the 126-year-old retailer to keep its doors open, people familiar with the […]

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Guam archdiocese files for bankruptcy to pay off clergy sex abuse claims

HAGATNA, Guam – The Archdiocese of Agana in Guam, as expected, filed for Chapter 11 bankruptcy reorganization Wednesday, allowing it to restructure its finances and pay off the plaintiffs in nearly 200 clergy sex abuse lawsuits. It listed $22.96 million in assets, with $45.66 million in liabilities. Guam joins about 20 other dioceses and other religious orders around the United States that […]

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