Author: News Room
Special counsel Jack Smith told the judge in the classified documents case in Florida that Supreme Court Justice Clarence Thomas’ criticism of his appointment should have no bearing on the criminal case against former President Donald Trump. In a brief filing Friday, Smith said that Thomas’ writing in the presidential immunity case – in a concurrence that no other justice joined – isn’t binding on US District Judge Aileen Cannon. Nor does it provide “a sound basis to deviate from the uniform conclusion of all courts to have considered the issue that the Attorney General is statutorily authorized to appoint…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseFormer New York mayor Rudy Giuliani can no longer use bankruptcy proceedings to avoid a $148mn judgment for defaming two US election workers after a judge threw out his case, clearing the way for them to pursue the homes and earnings of the one-time lawyer to Donald Trump.In his order on Friday, judge Sean Lane said Giuliani had “failed to provide an accurate and complete picture of his financial affairs in the six months that this case has been…
In the fall of 2022, I called shares of ABM Industries Incorporated (NYSE:ABM) a clean place. The company was seeing a growth acceleration, although aided by inflationary pressures. Ever since, growth slowed down amidst inflation coming down, tight labor markets and some client groups facing harsher times. Given this slower growth and modest margin pressure, earnings per share have been coming in flattish, but appeal should be seen if growth, but certainly margins, might recover going forward. This makes me cautiously upbeat on ABM here, as I am looking to buy dips, although I do not expect miracle returns here.…
Stop & Shop is closing 32 underperforming grocery stores across the US northeast as part of the company’s efforts to improve its financial performance. Shoppers are also being squeezed by higher prices at the grocery store, with food prices experiencing modest upticks last month, according to the newest inflation report. “Stop & Shop has evaluated its overall store portfolio and made the difficult decision to close underperforming stores to create a healthy base for the future growth of our brand,” said the chain’s president Gordon Reid in a release. Ahold Delhaize, the chain’s Dutch parent company, revealed the locations Friday adding…
We’re selling 50 shares of TJX Companies at roughly $115. Following Friday’s trade, Jim Cramer’s Charitable Trust will own 750 shares of TJX, decreasing its weighting in the portfolio to 2.55% from 2.7%. The market was putting the finishing touches on another strong week, with Friday’s broad-based rally bringing the gains in the S & P 500 since the start of July to about 3.5%. Given the strong run of the past two weeks, it’s prudent to lock in some gains and raise a little extra cash. We want to be ready to buy if we see more rotational action…
A New York federal bankruptcy judge on Friday in a scathing ruling dismissed the Chapter 11 bankruptcy protection case of Rudy Giuliani, immediately exposing the former Trump lawyer to his creditors seeking repayments of his massive debts in other court venues.Those creditors include two Georgia election workers, to whom Giuliani owes $148 million in civil damages for defamation from a federal district court jury award in December. The damages stem from slanderous statements the former New York City mayor made about the workers, Wandrea “Shaye” Moss, when he was trying to overturn the loss of then-President Donald Trump in the…
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 6.875% as of June 28, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
The Republican party platform, orchestrated by former President Trump, is filled with promises for those it calls “our Great Seniors.” But there is little or no real policy behind most of those campaign pledges. And the document is filled with many irreconcilable contradictions. The platform will be the GOP’s election-year policy framework coming out of its upcoming July 15-18 nominating convention. And it recognizes some critical needs of seniors and sets goals that would improve their quality of life and that of their families. But it rarely describes how Trump and the GOP would achieve those goals. Social Security The…
West Virginia and Idaho asked the Supreme Court on Thursday to decide whether states can lawfully enforce bans on transgender students competing on sports teams consistent with their gender identity. The two appeals from GOP-led states mark the first time the high court has been asked to decide the question in a substantive way amid a yearslong legal battle waged by transgender students and their advocates against a slew of such bans enacted in more than two dozen states. The justices have already said they will decide a separate case concerning state efforts to ban gender-affirming health care for transgender minors, but West Virginia…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseA number of Democratic lawmakers on Thursday called on Joe Biden to end his re-election campaign and let another Democrat take on Donald Trump, hours before the president was set to hold a highly anticipated press conference at the end of this week’s Nato summit.The press conference will be a rare forum for Biden, who has held far fewer press conferences as president than any of his modern predecessors.But it is also widely seen as a make-or-break moment for…
