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New York Fed Announces Dudley Plans to Retire in Mid-2018

New York Fed Announces Dudley Plans to Retire in Mid-2018

The Federal Reserve Bank of New York announced Monday that its leader William Dudley is planning to step down early and retire in the middle of next year.

Published 7 months ago

Broadcom Proposes to Acquire Qualcomm for $70 Per Share

Broadcom Proposes to Acquire Qualcomm for $70 Per Share

Broadcom on Monday announced an unsolicited proposal to acquire rival chip maker Qualcomm for $70 per share in cash and stock. The offer price values Qualcomm at $130 billion.

Published 7 months ago

China Aircraft Exports Cleared for Takeoff Under FAA Deal

China Aircraft Exports Cleared for Takeoff Under FAA Deal

Just ahead of U.S. President Donald Trump’s visit to China, the Federal Aviation Administration has signed an airworthiness certification deal that effectively opens the door to Chinese sales of airplanes to the U.S. and other countries.

Published 7 months ago

Bank Bets Tied to Government Bailouts Soar Up to 1470% in a Year

Bank Bets Tied to Government Bailouts Soar Up to 1470% in a Year

The U.S. banking industry is booming—a development that is bringing windfall gains to a small group of investors who bought esoteric bank securities when the outlook for financial firms were far less clear-cut.

Published 7 months ago

Trump Urges Japan to Buy More U.S. Military Equipment

Trump Urges Japan to Buy More U.S. Military Equipment

President Donald Trump pushed for Japan to buy “massive” amounts of military equipment from the U.S., saying that it would help the country shoot down missiles like those nearby North Korea fired overhead in recent months.

Published 7 months ago

Russian Twitter Support for Trump Began Right After He Started Campaign

Russian Twitter Support for Trump Began Right After He Started Campaign

Russian Twitter accounts began heaping praise on Donald Trump and ripping his rivals earlier than previously thought—within weeks after he announced his bid for the presidency in June 2015.

Published 7 months ago

Goldman, China’s Sovereign-Wealth Fund Plan Up to $5 Billion in U.S. Investments

Goldman, China’s Sovereign-Wealth Fund Plan Up to $5 Billion in U.S. Investments

Goldman Sachs Group and China Investment Corp. are partnering on a multibillion-dollar fund to help the giant Chinese fund invest in U.S. manufacturing and other sectors.

Published 7 months ago

U.S. Investigates Credit Suisse, VTB and BNP Paribas for Roles in Selling Mozambique Debt

U.S. Investigates Credit Suisse, VTB and BNP Paribas for Roles in Selling Mozambique Debt

The Justice Department and the FBI are investigating BNP Paribas, Credit Suisse and VTB for their roles in selling about $2 billion of debt for Mozambique, opening a new phase in the global inquiry into the deals.

Published 7 months ago

Trump: Texas Gunman’s Mental Health Is to Blame for Church Massacre

Trump: Texas Gunman’s Mental Health Is to Blame for Church Massacre

In Tokyo with Japanese Prime Minister Shinzo Abe, the American president said of the gunman in south Texas who killed at least 26 people: “”Mental health is your problem here.” He added: “This isn’t a guns situation.”

Published 7 months ago

At Least 26 Dead in Texas Church Shooting

At Least 26 Dead in Texas Church Shooting

At Least 26 Dead in Texas Church Shooting

Published 7 months ago

Disbelief for Residents After Texas Church Shooting

Disbelief for Residents After Texas Church Shooting

In Sutherland Springs, Texas, a tiny town that hugs Highway 87 southeast of San Antonio, a shooting in a Baptist church left residents in disbelief.

Published 7 months ago

Photos: Deaths Mourned in Texas Church Shooting

Photos: Deaths Mourned in Texas Church Shooting

A gunman blasted his way into the First Baptist Church of Sutherland Springs, Texas, leaving at least 26 people dead and 20 others injured.

Published 7 months ago

Texas Church Victims Included Pastor’s Daughter

Texas Church Victims Included Pastor’s Daughter

Most of their names aren’t yet publicly known, but the numbers alone are both heartbreaking and revealing: Twenty-six killed and 20 wounded in a mass shooting inside a rural Texas church—the youngest victim 5 and the oldest 72.

Published 7 months ago

Texas Church Gunman Was Discharged From Air Force for Bad Conduct

Texas Church Gunman Was Discharged From Air Force for Bad Conduct

Devin P. Kelley was court-martialed in 2012 for two counts of assault on his spouse and on their child, an Air Force spokeswoman said.

Published 7 months ago

Trump to Press Japan on North Korea and Trade...After Some Golf

Trump to Press Japan on North Korea and Trade...After Some Golf

President Trump opened his 10-day swing through Asia on Sunday with nine holes of golf with Prime Minister Shinzo Abe. Things become more rigorous Monday, as the two nations hold more formal talks on trade and North Korea.

Published 7 months ago