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U.S. Government Deficit Rises 17% in Fiscal 2018

U.S. Government Deficit Rises 17% in Fiscal 2018

The federal deficit widened last year amid higher government spending—including rising interest costs on the debt and increased funding for the military—and flat revenues following last year’s tax cut.

Published 1 month ago

New Jersey AG Says Sexual-Assault Investigation to Be Reviewed

New Jersey AG Says Sexual-Assault Investigation to Be Reviewed

The New Jersey Attorney General’s office said that an investigation by a New Jersey county prosecutor involving sexual-assault allegations against a former campaign staffer for New Jersey Gov. Phil Murphy is being reviewed by another county prosecutor.

Published 1 month ago

Warren Releases DNA Analysis Showing Evidence of Native American Heritage

Warren Releases DNA Analysis Showing Evidence of Native American Heritage

Sen. Elizabeth Warren released the results of a DNA analysis indicating “strong evidence” she has Native American heritage in a high-profile effort to refute President Trump’s assertion that she has been lying about her family history.

Published 1 month ago

Merkel admits voters ‘lost trust’ as poll debacle shakes coalition

Merkel admits voters ‘lost trust’ as poll debacle shakes coalition

Bavaria’s CSU leaders dismiss calls for resignations in wake of election humbling

Published 1 second ago

Warren Releases DNA Analysis Showing Evidence of Native American Heritage

Warren Releases DNA Analysis Showing Evidence of Native American Heritage

Sen. Elizabeth Warren released the results of a DNA analysis indicating “strong evidence” she has Native American heritage in a high-profile effort to refute President Trump’s assertion that she has been lying about her family history.

Published 1 month ago

MIT announces $1bn artificial intelligence and computing initiative

MIT announces $1bn artificial intelligence and computing initiative

A $350m gift from Blackstone’s Stephen Schwarzman will help fund new building

Published 1 second ago

Emerging-Markets Selloffs: Why This One Is Different

Emerging-Markets Selloffs: Why This One Is Different

The deepening selloff in emerging markets this year is one of the biggest of the past decade—and differs in ways that highlight how the developing world has changed.

Published 1 month ago

An Election Likely to Extend, Not Close, Political Divides

An Election Likely to Extend, Not Close, Political Divides

With three weeks to go before a crucial midterm election, the country seems headed toward a vote that will both confirm and extend its current political divides.

Published 1 month ago

BofA’s record profits marred by growth concerns

BofA’s record profits marred by growth concerns

Struggling investment bank also holds back performance at second-largest US lender

Published 1 second ago

Why This Election Is So Hard to Predict

Why This Election Is So Hard to Predict

Analysts say a president's job-approval rating is the most important sign of his party's prospects ahead of midterm congressional elections. But with the economy at record strength, the usual rules may not apply to Donald Trump. Watch these metrics to understand the unusual climate of 2018.

Published 1 month ago

Trump to Send Mike Pompeo to Saudi Arabia to Discuss Missing Journalist

Trump to Send Mike Pompeo to Saudi Arabia to Discuss Missing Journalist

President Trump said he was sending U.S. Secretary of State Mike Pompeo to meet with Saudi King Salman to discuss the fate of a Saudi dissident journalist who disappeared after entering the Saudi consulate in Istanbul.

Published 1 month ago

Sears Reshaped America, From Kenmore to Allstate

Sears Reshaped America, From Kenmore to Allstate

Sears, a retail pioneer that shaped America’s 20th-century expansion, became distracted by shifting strategies until the internet and a CEO’s unorthodox strategies brought about its end.

Published 1 month ago

Another Victim of the Trade Spat: U.S. Oil to China

Another Victim of the Trade Spat: U.S. Oil to China

U.S. oil exports to China have slowed to a trickle amid the continuing trade spat between Washington and Beijing, in an abrupt reversal that is upending global crude trade flows and forcing American producers to find new buyers.

Published 1 month ago

Carl Icahn renews fight against Michael Dell, opposing IPO plan

Carl Icahn renews fight against Michael Dell, opposing IPO plan

Activist investor discloses 8.3 per cent stake in tracker stock to be used for offering

Published 1 second ago

Saudi Conference on the Rocks as Western Participants Drop Out

Saudi Conference on the Rocks as Western Participants Drop Out

JP Morgan CEO James Dimon, Laurence Fink of BlackRock and Stephen Schwarzman of Blackstone are the latest Western executives to pull out of Riyadh’s premier business conference following accusations that the Saudi government ordered the killing of dissident journalist Jamal Khashoggi in Istanbul.

Published 1 month ago