Monthly Archives: September 2022

Trump’s own former intel chief worried that Russia had compromising material on him, book says

President Donald Trump (L) and Russian President Vladimir Putin arrive to waiting media during a joint press conference after their summit on July 16, 2018 in Helsinki, Finland. Chris McGrath/Getty Images Dan Coats, former director of national intelligence, worried about Trump’s relations with Putin.  According to a new book, Trump’s behavior at a summit with…

China’s yuan dips to lowest in 2 years as the offshore rate slips below a key threshold against the dollar

China’s currency has fallen sharply this week. Future Publishing/Getty Images The offshore yuan weakened against the dollar Thursday as the US currency rallied. China’s currency slipped below the key psychological threshold of 7 per dollar for the first time in over two years. Tuesday’s hotter-than-expected inflation reading has pushed traders to bet on another jumbo…

Apple has unseated Tesla as the most-shorted US stock – after Elon Musk’s EV company held the title for 864 days

Elon Musk. Jae C. Hong/AP Apple has ousted Tesla as the most-shorted US stock in dollar terms. Elon Musk’s automaker held the title for 864 days, or more than two years. Short interest in Apple stock is $18.4 billion, compared to $17.4 billion in Tesla stock. Investors are betting more money against Apple than Tesla…

The Chase Freedom Flex and Chase Freedom 5% bonus categories for Q4 2022 are Walmart and PayPal

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. Holiday shoppers will appreciate the new Chase Freedom 5% bonus categories for…

Rail unions have reached a tentative deal to avert economy-rattling strike

President Biden praised railway workers and companies for reaching a “tentative agreement” on Thursday. OLIVIER DOULIERY / Contributor / Getty Unions and rail companies have struck a deal, averting crippling rail strikes, the White House said. President Biden praised railway representatives for reaching a “tentative agreement”, on Thursday.  The potential strike threatened to cost the…

Railroad stocks rise as tentative deal averts planned labor strike by thousands of rail workers

A CSX freight train runs through a crossing in Homestead, Pa., on Wednesday, Sept. 14, 2022. AP Photo/Gene J. Puskar Railroad stocks rose Thursday after unions and railway companies reached a tentative labor deal, averting a strike.  Tens of thousands of unionized workers had been set to go on strike if no agreement was reached…

Wall Street’s fear gauge is too low after Tuesday’s brutal sell-off, signaling stocks haven’t yet hit bottom

Traders work the floor of the New York Stock Exchange during morning trading on May 05, 2022 in New York City. Stocks opened lower this morning after closing high on Wednesday after the Federal Reserve announced an interest-rate hike by half a percentage point in an effort to further lower inflation. Michael M. Santiago/Getty The…

Kanye West is pulling an Elon Musk, sends Gap a letter terminating Yeezy deal

Ye, formerly known as Kanye West, performs in 2015. Ezra Shaw/Getty Images Kanye West’s lawyers notified Gap on Thursday of his plans to end the deal, WSJ first reported. The retailer will still be able to sell existing Yeezy merchandise, The Journal said. The breakup comes after West repeatedly criticized Gap on social media. Kanye…