New York’s attorney general is looking into a report that the Eric Trump Foundation funneled more than $1 million from charity golf tournaments into President Donald Trump’s business, a spokesman for the attorney general said on Friday. Forbes magazine reported this week that the charity run by Eric Trump, the president’s second-oldest son, paid the […]
Tag: business news
Trump Lawyer Says That Comey Was Lying Under Oath
President Donald Trump’s outside counsel said Thursday that James Comey is lying. Marc Kasowitz claimed the president never demanded loyalty from Comey as the former FBI director alleged in Senate testimony. In a statement to reporters Thursday afternoon, Kasowitz pushed back on various points of Comey’s dramatic, under oath testimony before the Senate Intelligence Committee. […]
Governors Will Uphold Paris Accord, Defy Trump Withdrawal
Three major states said Thursday they would form a “climate alliance” to work toward upholding the Paris accord after President Donald Trump said the U.S. would withdraw from the agreement. In a statement, the governors of New York, California and Washington announced they will form a “coalition that will convene U.S. states committed to upholding” […]
Trump Travel Ban Loses In Appeals Court Again
A federal appeals court has dealt another blow to President Donald Trump’s executive order temporarily restricting travel from six Muslim-majority countries. The Virginia-based 4th Circuit Court of Appeals on Thursday largely upheld a lower court ruling barring the administration from suspending visas from those countries. The Trump administration previously revised the executive order to better […]
Jet Fighters Scramble To Escort Passenger Flight To Honolulu
Two military fighter jets escorted a Honolulu-bound American Airlines aircraft on Friday after a man allegedly tried to break into the cockpit. The airline said Flight 31, an Airbus A321 aircraft, landed safety at Honolulu International Airport at 11:35 a.m. local time. The flight originated from Los Angeles International Airport. “Two Pacific Command F-22 Raptors […]
Exxon Seeks Waiver To Do Business With Russian Oil
Exxon Mobil, the company once ran by Secretary of State Rex Tillerson, is seeking a waiver from U.S. sanctions on Russia, The Wall Street Journal reported Wednesday. The U.S. oil and gas corporation has applied to the Treasury Department to be exempt in a bid to resume its joint venture with the Russia oil giant […]
Trump Tanks The Dollar
The dollar fell on Wednesday after President Donald Trump criticized its recent strength, but analysts expect the greenback to bounce back soon. Trump said the currency was “getting too strong” in an interview with The Wall Street Journal. “I think our dollar is getting too strong, and partially that’s my fault because people have confidence […]
US Launches 59 Tomahawk Missiles At Syrian Air Bases
The U.S. military attacked a Syria-government airfield with 59 Tomahawk missiles on Thursday evening. The missiles targeted the Shayrat air base near Homs, and were in response to a Tuesday chemical weapons attack. Officially announcing the strike, President Donald Trump said the targeted airfield had launched the chemical attack on a rebel-held area, and he […]
Trade Deficit Shrinks At Record Rate
The U.S. trade deficit declined sharply in February as imports from China fell by a record amount and American exports rose for a third straight month. The Commerce Department says the deficit fell to $43.6 billion in February, 9.6 per cent below January’s deficit of $48.2 billion. Exports rose a tiny 0.2 per cent to […]
Trump To Tackle American Trade Deficit
President Donald Trump is expected to sign two executive orders on Friday, which aim to fulfill key campaign promises to make trade more fair. The first commissions a report on trade practices that contribute to the trade deficit, while the second seeks better collection of anti-dumping and countervailing duties. The report, spearheaded by the Commerce […]
Social Security Needs To Be Fixed Not Left Alone
Despite proposing major spending cuts to most domestic agencies, President Trump’s “skinny budget” spares the Social Security Administration. Thankfully, the president is living up to his campaign pledge to protect the program that serves 61 million Americans. Yet, without any action by Congress to reform the system, benefits will be cut anyway, by at least […]
Automation Pushing America To Universal Basic Income For It’s Citizens
Is a guaranteed paycheck from the government, with no strings attached, the answer to the relentless rise of automation? The concept might sound far-fetched, but a so-called universal basic income (UBI), is currently one of the most hotly debated policy topics being floated as a means to address income inequality and the disruption that technology […]