The U.S. economy continued a strong summer, adding 209,000 jobs in July while the unemployment rate fell to 4.3 percent, the lowest since March 2001, according to a government report Friday. Economists surveyed by Reuters had expected the report to show growth of 183,000; the unemployment rate met expectations. A more encompassing rate that includes […]
Tag: business news
Priebus Out As Chief Of Staff, 4 Star General John Kelly In
President Donald Trump on Friday tweeted that John F. Kelly would take over as White House chief of staff, replacing the beleaguered Reince Priebus. Kelly, a retired four-star Marine general, has been serving as Homeland Security secretary. Priebus, 45, became a target of Trump’s ire shortly into his term as White House chief of staff. […]
House GOP Call For Special Investigation Into Clinton, Comey, And Others
House Judiciary Committee Republicans on Thursday called for a new special counsel — to investigate Hillary Clinton, James Comey and Loretta Lynch. In a letter addressed to Attorney General Jeff Sessions and Deputy Attorney General Rod Rosenstein, the Republicans said they were writing to “request assistance in restoring public confidence in our nation’s justice system […]
Trump Has Considered Replacing Sessions With Rudy Giuliani
President Donald Trump has floated the possibility of making Rudy Giuliani attorney general, Axios reported Monday, citing “West Wing confidants.” The Axios report comes after Trump publicly fumed about Attorney General Jeff Sessions more than once in recent days. It is unclear at this point whether Trump really plans to push to make Giuliani, the […]
Kushner Denies Collusion, Admits To At Least 4 Meetings With Russians
Senior White House adviser Jared Kusher is denying that President Donald Trump’s campaign colluded with Russia, saying in a statement ahead of congressional interviews that he has “nothing to hide.” The 11-page statement provided to The Associated Press by a representative Monday details four contacts with Russians during Trump’s campaign and transition. Kushner plans to […]
Sean Spicer Resigns As White House Press Secretary
White House press secretary Sean Spicer abruptly resigned Friday after opposing President Donald Trump’s appointment of Anthony Scaramucci as communications director.At a press briefing later Friday, Scaramucci announced principal deputy press secretary Sarah Huckabee Sanders will take over as press secretary. Trump asked Spicer to stay in his role, but Spicer said appointing Scaramucci was […]
Yellen Says Rate Hikes Will Slow As Inflation Stays Low
The Federal Reserve could scale back on its expected pace of interest rate hikes if inflation continues to be soft, Chair Janet Yellen told Congress. Under questioning over why the central bank remains committed to normalizing policy even as price and wage pressures remain muted, Yellen said the Fed is aware of the softness in […]
Dow Gains 130 Points, Reaches All Time High
U.S. equities kicked off the second half of the year on the right foot, closing mostly higher on Monday as bank stocks climbed. The Dow Jones industrial average notched a record high before closing about 130 points higher, with Goldman Sachs contributing the most gains. The S&P 500 rose 0.23 percent, with financials and energy […]
Putin And Trump To Meet July 7th According To Kremlin
A meeting between Russian President Vladimir Putin and his U.S. counterpart Donald Trump will take place on the sidelines of a G-20 summit in Hamburg on July 7, Russian news agencies quoted Kremlin foreign policy aide Yuri Ushakov as saying on Tuesday. “(It’s been) agreed for the seventh,” RIA news agency quoted him as saying. […]
Stock Market Looks To Be Strong In Second Half Of Year
The first half of the year comes to a close Friday, and it certainly has been a strong period for stocks. Year-to-date gains through Thursday: the Dow was up 7.7 percent, the S&P 500 is up 8 percent and the standout Nasdaq has soared over 14 percent. Over the past two decades, stocks have generally […]
Trump Says Working With China To Deal With North Korea Failed
President Donald Trump tweeted Tuesday that China “tried” to help the United States curb North Korean aggression but it “has not worked out.” Trump tweet: While I greatly appreciate the efforts of President Xi & China to help with North Korea, it has not worked out. At least I know China tried! It is not […]
Sessions Refuses To Answer Questions, Confirms Comey Testimony
Attorney General Jeff Sessions confirmed part of James Comey’s testimony from last week about an abruptly private meeting at the president’s desk between Donald Trump and the former director of the FBI. Sessions testified on Tuesday that he and others filed out of the room and left Comey alone with Trump following a group meeting […]