Author: News Room
The Justice Department said Friday that it would not act on the House’s contempt referral of Attorney General Merrick Garland. In a letter to House Speaker Mike Johnson, DOJ pointed to its “longstanding” position of not prosecuting executive branch officials who withhold information subject to executive privilege from Congress. The announcement was anticipated after the House, in a mostly party-line vote, held Garland in contempt for not turning over audio from President Joe Biden’s interview in special counsel Robert Hur’s classified documents investigation. “Consistent with this longstanding position and uniform practice, the Department has determined that the responses by Attorney General Garland to the subpoenas issued by the Committees did not constitute a crime, and accordingly the Department…
Sitting on the terrace of a café, Daniel, a 60-year-old retired building contractor, is reluctant to talk about how he will vote in upcoming high-stakes snap legislative elections in France. But the resident of Châteauroux, a small city in the centre of the country, has a lot of anger to vent against Emmanuel Macron. He believes the president is smug like the elites in Paris, has done little to curb rising crime and his move to increase the retirement age by two years is unfair.The traditional left and rightwing parties that Daniel has voted for in the past have disappointed, so…
Introduction One may have seen the following graphic from an Ohioan farmer, Samuel Benner. It was originally published in 1884 where he predicted the volatility of future markets from 1924 to 2059. Benner Cycle 1925-2059 (Public Domain) There is a more extensive chart if one is willing to look that uses back tested data. Full Benner Cycle (Public Domain) It is a bit tough to read, but a pretty good video on YouTube explains how to interpret it. The key is to understand that the stock price movements will happen the calendar year after the one printed. For example, it…
A Texas bankruptcy court judge has approved the liquidation of conspiracy theorist Alex Jones’ personal assets, setting the stage for repayment to the families of Sandy Hook shooting victims. Last week, Jones agreed to convert his personal bankruptcy into a Chapter 7 liquidation. Judge Christopher Lopez on Friday agreed to that move. Jones’ decision to seek bankruptcy protection comes after he agreed to demands from the families of Sandy Hook victims, whom he owes more than $1 billion in damages he caused by lying about the 2012 school massacre. The judge said an interim trustee will be appointed to oversee Jones’ estate, as is standard…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market check: Stocks are trending lower Friday, a day after the S & P 500 and Nasdaq closed at a new record high. It caps off a positive week for the S & P 500, though most of the gains have been concentrated around a select group of stocks that are generating revenue from artificial intelligence. The divergence in returns this week was startling. The tech sector rallied more than 6%…
WASHINGTON — Former President Donald Trump failed to impress everyone in a room full of top CEOs Thursday at the Business Roundtable’s quarterly meeting, multiple attendees told CNBC.”Trump doesn’t know what he’s talking about,” said one CEO who was in the room, according to a person who heard the executive speaking. The CEO also said Trump did not explain how he planned to accomplish any of his policy proposals, that person said.Several CEOs “said that [Trump] was remarkably meandering, could not keep a straight thought [and] was all over the map,” CNBC’s Andrew Ross Sorkin reported Friday on “Squawk Box.”A spokesman for the Trump…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.625% as of June 13, which is 0.365 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is 0.135 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to…
A new study published in the New York Times demonstrates some startling findings about loss of ability to make money decisions in older people. The study approaches the issue by looking at debt accumulation and reduced credit scores in elders long before being diagnosed with Alzheimer’s disease or related dementias. The team of economists and medical experts looked the combination of Medicare records and data from the credit bureau, Equifax. Their research was comprehensive, extensive and credible. They found that people fall behind in paying their normal debts like mortgages and credit card bills as much as five years before…
Sen. John Fetterman has a history of unsafe driving, The Washington Post reported Thursday, raising additional questions about the Pennsylvania Democrat’s driving habits in the wake of a car crash he was involved in over the weekend. The incident on Sunday morning was described as a “garden variety car accident” by Fetterman’s office on Tuesday, with a spokesperson saying the senator and his wife Gisele, as well as the other driver involved, were transported to a local hospital “out of an abundance of caution.” But a police report obtained by CNN said Fetterman was driving at a “high rate of…
Stay informed with free updatesSimply sign up to the Automobiles myFT Digest — delivered directly to your inbox.Stellantis will shift output of some Chinese-brand electric vehicles into Europe, in the latest sign of how global carmakers will change their regional strategy following this week’s announcement by Brussels of planned additional tariffs on EVs made in China.The owner of the Citroën and Fiat brands announced in May that it would sell electric cars from Chinese automaker Leapmotor in its European dealerships from September. However CEO Carlos Tavares confirmed on Thursday that some cars would be produced in Stellantis plants in Europe.“A…
