MSNBC guest mocks Trump voters: 'Can anybody at the MAGA rally point out Greenland on a map?'

President Trump holds record-breaking rally in New Hampshire RNC national spokesperson Liz Harrington reacts. An MSNBC guest questioned the intelligence of Trump voters on Friday, asking if anyone who attended President Trump's rally in Manchester, N.H., can "point out Greenland on a map?" On Thursday, the Wall Street Journal reported that Trump has asked his advisers whether the U.S. can acquire […]

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Swagger Seeping Out of Stocks as Bond Market Signals Get Louder

In this article All year, whenever you felt like panicking over the bond market’s dismal message, you could find comfort in stocks, where optimism about the economy drove the biggest first-half gain since 1987. That kind of solace is getting harder to find. While a rousing rally took some of the sting out on Friday, it wasn’t enough to rescue […]

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CANADA STOCKS-TSX bounces as techs rise, slowdown concerns ease

Aug 16 (Reuters) – Canada’s main stock index attempted to bounce back from a two-day slide on Friday, as expectations of further stimulus from global central banks eased concerns of an economic slowdown. Technology led the index higher to end a brutal week for global markets, which was fueled by recession worries that intensified after the U.S. Treasury yield curve […]

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GE mobilizing its troops in war against whistle blower Harry Markopolos

Whistleblower claims GE is masking their financial troubles FBN’s Kristina Partsinevelos on the alleged General Electric whistleblower alleging a major accounting scandal by the company. General Electric CEO Larry Culp isn’t backing down, instead, he is assembling the troops to take on a whistleblower accusing his company of financial fraud. Continue Reading Below Thursday, Culp purchased $2 million worth of stock as […]

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RPT-Springer heirs tender some shares in KKR buyout

FRANKFURT, Aug 16 (Reuters) – The grandchildren of the founder of German publisher Axel Springer have tendered some of their shares to KKR, the U.S. private equity investor that has offered to buy out minority shareholders. Ariane Springer and Axel Sven Springer sold approximately 3.7% of the share capital in the business but will retain the rest of their holdings […]

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Treasury yields climb away from record lows

At around 02:50 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.5504%, while the yield on the 30-year Treasury bond was also higher at around 2.0057%. On the data front, housing starts and building permits for July will be released at 8:30 a.m. ET, with consumer sentiment figures for […]

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Goldman Cuts Growth Forecasts for Asia’s Four ‘Tiger’ Economies

In this article Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.  Goldman Sachs Group Inc. slashed growth forecasts for the “Asian Tigers” as their exposure to the world economy — once one of their greatest strengths — is now backfiring as global growth slows amid trade tensions. “Besides their own […]

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GE CEO Culp calls Markopolos' report accusing company of fraud pure 'market manipulation'

GE CEO Lawrence Culp calls report from Madoff whistleblower Harry Markopolos"market manipulation." Culp accuses Markolopos of"false statements of fact." Markolopolos didn't check facts with GE before publishing, Culp says. GE's CEO said the accusations of fraud by Madoff whistleblower Harry Markopolos are false, and driven by market manipulation. "GE will always take any allegation of financial misconduct seriously. But this is […]

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