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Tag: General news

  • Have stocks bottomed out? Not until this stock market ‘gorilla’ moves, warns BofA

    Households, not hedge funds or large corporations, represent the largest owner class in the US stock market. That’s important because households, the “placid gorilla” of U.S. stocks, haven’t cut and run despite this year’s strong selloff, meaning stocks haven’t bottomed yet, according to a BofA Global. Collectively, households hold about $38 trillion in equity assets […]

  • Perseid meteor shower: when and how to watch the peak

    This year’s Perseid meteor shower will peak early Friday and Saturday morning, providing what National Aeronautics and Space Administration astronomers call one of the best of the roughly 30 annual meteor showers. The Perseids are characterized by numerous fireballs, unusually bright meteors that leave streaks of light in the night sky as they burn through […]

  • Japan Kishida purges Cabinet after support for church ties plummets

    TOKYO — Japanese Prime Minister Fumio Kishida shuffled his cabinet on Wednesday in an apparent attempt to distance his administration from the conservative Unification Church over its ties to slain leader Shinzo Abe and senior members of the ruling party. The reshuffle, the second in just 10 months since Kishida took office, follows his July […]

  • Former JPMorgan traders convicted in federal fraud lawsuit

    A federal jury in Chicago convicted two former marketers of JP Morgan Chase & Co.’s precious metals office which had been accused of manipulating gold prices, discovering that they were using deceptive orders to rig prices. The convictions are the cornerstone of a seven-year Justice Department campaign to punish a deceptive style of trading in […]

  • Former JPMorgan traders convicted in federal fraud lawsuit

    A federal jury in Chicago convicted two former marketers of JP Morgan Chase & Co.’s precious metals office which had been accused of manipulating gold prices, discovering that they were using deceptive orders to rig prices. The convictions are the cornerstone of a seven-year Justice Department campaign to punish a deceptive style of trading in […]

  • John Bolton was the target of an assassination plot by an Iranian national

    The US has accused an Iranian national of plotting to assassinate Trump’s former national security adviser John Boltonan attempt officials say was likely in retaliation for the 2020 killing of a prominent Iranian general. In an unsealed criminal complaint Wednesday, the Justice Department said Shahram Poursafi, 45, from Tehran, tried to organize Mr Bolton’s murder […]

  • Drugmaker Endo says bankruptcy likely imminent

    Endo International PLC, a pharmaceutical maker facing thousands of lawsuits alleging it fueled the opioid addiction crisis, said on Tuesday it was likely to file for bankruptcy imminently. The company said it is in negotiations with a group of senior lenders it believes will result in an agreement for a Chapter 11 filing. Endo also […]

  • Trump House Search Roils 2022 Midterms, 2024 Presidential Race

    WASHINGTON — The FBI raid of Donald Trump’s Mar-a-Lago home has rallied many prominent Republicans around the former president and could change the political course of the midterm elections for control of Congress and the race presidential election in 2024. While many details of the FBI investigation remain unknown, the developments both challenge and underscore […]

  • Automakers warn most electric vehicles won’t qualify for federal tax credit

    But the auto industry warns that the vast majority of electric vehicle purchases will not qualify for such a large tax credit. This is primarily due to the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent. […]

  • Monkeypox likely circulated for years before the outbreak, scientists say

    For more than half a century, monkeypox was a rare infectious disease confined to one region of the world. A few months ago, that suddenly changed. Scientists build a picture of what happened. The global monkeypox explosion is a case study of how infectious diseases can go from limited circulation to wide geographic spread with […]

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