economic news

Bitcoin Plunge Extends to 25% as Fear of Crypto Crackdown Linger

Date: 16-01-2018 03:20:22

author by: Eric Lam, Todd White

January’s cryptocurrency selloff got fresh impetus on Tuesday when Bitcoin slumped as much as 25 percent, as the prospect of regulatory crackdowns appeared to spread.


House Panel Subpoenas Steve Bannon

Date: 16-01-2018 10:02:04

author by: Billy House

The House Intelligence Committee issued a subpoena Tuesday for testimony by Steve Bannon after his closed-door interview with the panel’s Russia probe became entangled in legal disputes over whether the former chief strategist to President Donald Trump could invoke executive privilege.


Trump Passes Cognitive Screen And Is `Fit for Duty,' Doctor Says

Date: 16-01-2018 08:54:46

author by: Shannon Pettypiece

President Donald Trump is “fit for duty” and should remain so through his presidency, according to presidential physician Rear Admiral Ronny Jackson, who examined the president last week amid criticism that the 71-year-old commander-in-chief may be unfit for office.


Cuomo Seeks New York Tax Revisions to Thwart Federal Changes

Date: 16-01-2018 07:40:59

author by: Henry Goldman

New York state would end income taxes on wage earners and make up the revenue with an employer payroll tax that’s federally deductible as part of a restructuring plan that Governor Andrew Cuomo is recommending to mitigate harmful effects of the new U.S. tax code.


GOP Leaders Seek to Avoid Shutdown as Immigration Fight Deepens

Date: 16-01-2018 09:00:00

author by: Laura Litvan, Anna Edgerton

Republican leaders in Congress are angling for another short-term funding measure to avert a government shutdown at the end of this week while trying to keep a dispute over immigration separate from their attempts to get agreement on spending priorities.


Democratic-Led States Go to Court to Reinstate Net Neutrality

Date: 16-01-2018 08:34:29

author by: Andrew M Harris, Todd Shields

A coalition of 22 Democratic state attorneys general is asking a U.S. court to reinstate the so-called net neutrality rules repealed by the Federal Communications Commission last month.


The Best New Cars at the 2018 Detroit Auto Show

Date: 16-01-2018 10:16:49

author by: Hannah Elliott

If you see anything, see these.


Fox Is Trying to Win the Rights to Thursday NFL Games

Date: 16-01-2018 11:00:59

author by: Lucas Shaw, Gerry Smith, Scott Soshnick

21st Century Fox Inc. is seriously pursuing the rights to “Thursday Night Football,” a controversial TV property that could lift viewership of its struggling broadcast network and signal Fox’s path forward after a planned sale of assets to Walt Disney Co.


Trump International Is Bullying Hotel's Owners, Lawsuit Claims

Date: 16-01-2018 10:18:06

author by: Chris Dolmetsch

The holder of most of the units in the Trump International Hotel & Tower Panama said the president’s hotel-management company is trying to bully the building’s owners into abandoning their attempt to oust it as the operator of the 70-story hotel.


Ford Warns Profit Will Drop This Year

Date: 16-01-2018 10:01:38

author by: Keith Naughton

Ford Motor Co. warned profit will fall this year as Chief Executive Officer Jim Hackett spends heavily to catch up with rivals bringing electrified vehicles to market.


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