Economy and Politics

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More economy & politics headlines

Trump can be sued by ex-‘Apprentice’ contestant for defamation, judge rules

President Trump must face a defamation lawsuit by a former contestant on his reality TV show “The Apprentice” after a Manhattan judge ruled in a first-of-its kind decision that he could not claim immunity through his job as the nation’s commander-in-chief.

11 min ago
Cambridge Analytica says it's suspended its CEO

Cambridge Analytica, the data research firm used during President Trump's campaign, said it's suspended its CEO, Alexander Nix, after a U.K. broadcaster secretly recorded him saying the company used bribes and sex workers to entrap politicians. "In the view of the Board, Mr. Nix's recent comments secretly recorded by Channel 4 and other allegations do not represent the values or operations of the firm and his suspension reflects the seriousness with which we view this violation," the company said in a statement. Facebook shares have been hammered by the news Cambridge Analytica gained access to private information on more than 50 million Facebook users.

15 min ago
Gunman at Maryland high school stopped by armed officer

A shooting at a Maryland high school Tuesday morning left two students injured and the gunman dead, authorities said.

35 min ago
Trump Today: President says he’ll meet Putin after congratulating him on election victory

President Donald Trump said Tuesday he congratulated Vladimir Putin on winning another term as Russia’s president, as he met with Saudi Arabian Crown Prince Mohammed bin Salman and called the bombings in Austin, Texas, “disgraceful.”

41 min ago
Mississippi governor expected to name state's first female U.S. senator: reports

Mississippi Gov. Phil Bryant is expected to name Cindy Hyde-Smith to the Senate on Wednesday, according to multiple reports. Hyde-Smith, 58, a beef cattle farmer and a former Republican state senator, would replace Republican Sen. Thad Cochran, who announced he will resign on April 1 for health reasons. Hyde-Smith would be the first female U.S. senator in Mississippi history. To keep her seat, Hyde-Smith would have to run for re-election in November.

42 min ago
Banks finally starting to increase savings rates as Fed tightens

It’s taken awhile, and the returns are barely visible — but for the first time this interest-rate cycle, savings rates appear to be creeping upward.

49 min ago
Facebook, Apple and Microsoft workers donate billions in political cash to the left

Democrats may be outnumbered in Washington D.C.’s corridors of power these days, but when it comes to drawing political cash from Corporate America over the past decade, the blue team rules by a rather large margin.

2:21 p.m. Today
Fed says snowstorm will not impact meeting

The Federal Reserve on Tuesday said it would hold its policy meeting as scheduled on Wednesday despite the forecast for several inches of snow. The Fed said it will release the FOMC interest-rate decision at 2 p.m. Eastern, followed by Fed Chairman Jerome Powell's first press conference at 2:30 p.m.

2:13 p.m. Today
It didn’t take long for the U.S. to rack up another trillion dollars of debt

It has taken a little more than six months for the U.S. national debt to grow by a trillion dollars, a quick clip that has little precedent over the nation’s recent history. Here’s a look at how long it’s taken the debt to grow by that much in the past.

1:51 p.m. Today
Senate panel calls for more use of paper ballots

The Senate Intelligence Committee on Tuesday urged greater use of paper ballots in a report after investigating Russian attempts to interference with the 2016 U.S. election. The panel also said that states should continue to remain in the lead in running elections, and that election experts, security officials, cybersecurity officials and the media develop a common set of terminology to improve communications.

1:12 p.m. Today
Why Facebook may face a bigger penalty from Wall Street than Washington

Facebook is under an increasingly bright spotlight in Washington as lawmakers push for an inquiry into how a firm tied to President Donald Trump’s campaign gathered data from the social-media giant’s users without authorization. But it’s Wall Street that‘s likely to impose the bigger penalty on the company, one analyst says.

12:58 p.m. Today
Facebook probed by feds after allegations Cambridge Analytica violated user privacy

The Federal Trade Commission is probing Facebook Inc. over the use of personal data by an analytics firm tied to President Donald Trump’s campaign, a person familiar with the matter said.

12:52 p.m. Today
GDP-linked bonds could be an insurance policy against depression

GDP-linked bonds, with coupons and principal that rise and fall in proportion to the issuing country’s gross domestic product, promise to solve many fundamental problems that governments face when their countries’ economies falter, writes Robert Shiller.

11:47 a.m. Today
Kudlow’s rise breathes life into indexing capital gains to inflation | Trump has discussed firing lawyer Ty Cobb

Larry Kudlow’s rise breathes life into indexing capital gains to inflation; President Donald Trump has discussed firing lawyer Ty Cobb; Republican leaders back a second special counsel; and more.

10:50 a.m. Today
Powell will use press conference to counterbalance hawkish undertone of Fed’s forecasts

Fed Chairman Jerome Powell will use his press conference to counterbalance the committee’s hawkish tilt.

9:54 a.m. Today
What to expect from the new Fed dot plot on interest rates

Economists said it was premature for the Fed to signal it sees four rate hikes in 2018.

9:53 a.m. Today
5 things to watch from the Fed decision

Here are five things that economists are watching closely at this week’s Fed interest-rate committee meeting.

9:50 a.m. Today
Shooting at a Maryland high school prompts federal agent response

There was a shooting at a Maryland high school, according to the St. Mary's County Sheriff's Office. The shooting was at Great Mills High School, about 70 miles south of Washington D.C., and is "contained" according to published reports, but it's not clear how many victims there were. Special agents from the Bureau of Alcohol, Tobacco and Firearms were en route, the agency tweeted.

9:32 a.m. Today
Fake news isn’t only problem: New technologies make us less productive

New technologies are not just doing less to boost productivity than past innovations, they may actually have negative side effects that undermine productivity growth, and that reduce our wellbeing in other ways as well.

9:00 a.m. Today
FDIC win against PwC could finally force auditors to look for fraud

A federal judge hands the FDIC a big win against PricewaterhouseCoopers, and with it comes possible new responsibilities for all major auditors in uncovering their clients’ fraud.

8:16 a.m. Jan. 5, 2018
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