Author Archives: Lee Heavener

So far, cellphone networks have weathered Harvey

So far, cellphone networks have weathered HarveyRoads, refineries and other infrastructure have taken a beating in the Texas and Louisiana regions hit by Harvey — but cellphone networks so far remain largely functional. One reason: Big carriers brought …

Source: Yahoo Finance

Harvey to impact car sales, prices after flooding thousands of vehicles

Harvey to impact car sales, prices after flooding thousands of vehiclesFloodwaters submerged cars in driveways, garages and dealership lots, potentially setting up months of higher sales in Houston.

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Cramer Remix: No. 1 signal that oil companies are ripe fo…

Cramer Remix: No. 1 signal that oil companies are ripe fo...Jim Cramer found some juicy areas for acquisition, and unveiled the signs to watch in the oil patch.

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Trump's proposed corporate tax plan will add trillions to US debt – report

Trump's proposed corporate tax plan will add trillions to US debt – reportTrump has argued that a lower tax burden will help create more jobs. Donald Trump’s plans to reduce the corporate tax rate will result in a revenue loss of $3tn-$7tn for the federal government, a new report has found. Donald Trump’s plans to reduce the corporate tax rate from 35% to 20% will result in a revenue loss of $3tn to $7tn for the federal government over a decade and are unlikely to create the promised boom in jobs, according to a new report from the non-partisan Committee for a Responsible Federal Budget.

Source: Yahoo Finance

Mexico dusts-off 'Plan B' as Trump revs up threats to kill NAFTA

Mexico dusts-off 'Plan B' as Trump revs up threats to kill NAFTAU.S. President Donald Trump has threatened three times in the past week to abandon the North American Free Trade Agreement, revisiting his view that the United States would probably have to start the process of exiting the accord to reach a fair deal for his country. Trump has vowed to get a better deal for American workers, and the lively rhetoric on both sides precedes a second round of talks starting on Friday in Mexico City to renegotiate the 1994 accord binding the United States, Mexico and Canada.

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Global stocks in retreat after North Korean missile test

Global stocks in retreat after North Korean missile testGlobal stock markets and the dollar fell sharply Tuesday, as investors were rattled by North Korea’s launch of a midrange ballistic missile that crossed over northern Japan and fell into the Pacific Ocean. …

Source: Yahoo Finance

Photo of mother and baby's rescue becomes symbol of storm

Photo of mother and baby's rescue becomes symbol of stormIn the photo, little Aiden Pham — 13 months old and swaddled in a blanket — nestles asleep in his mother’s arms, even as floodwaters from Hurricane Harvey surge around them. Someday, no doubt, Aiden’s …

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Takeshita Says External Factors Biggest Threat for BOJ

Takeshita Says External Factors Biggest Threat for BOJAug.28 — Seijiro Takeshita, professor at University of Shizuoka, discusses monetary policy from the Bank of Japan and the biggest threat for the central bank. He speaks with Francine Lacqua and David Gura on "Bloomberg Surveillance."

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BOJ's Kuroda on Japan's Economy, Inflation, Policy

BOJ's Kuroda on Japan's Economy, Inflation, PolicyAug.27 — Bank of Japan Governor Haruhiko Kuroda discusses his outlook for the Japanese economy, and talks about inflation risks and monetary policy. He speaks with Kathleen Hays from the Fed's annual summit in Jackson Hole, WY.

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No one was happier with Floyd Mayweather's win over Conor McGregor than Las Vegas sportsbooks

No one was happier with Floyd Mayweather's win over Conor McGregor than Las Vegas sportsbooksAfter sweating out some early rounds that were closer than expected, Las Vegas sportsbooks got…

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Conor McGregor's coaches had a peculiar strategy in training because they were worried too much change 'would be a disaster'

Conor McGregor's coaches had a peculiar strategy in training because they were worried too much change 'would be a disaster'Like Conor McGregor himself, the Floyd Mayweather bout will be the first boxing match for…

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The Latest: McCain critical of president's pardon of Arpaio

The Latest: McCain critical of president's pardon of ArpaioThe Latest on President Donald Trump pardoning former Phoenix metro sheriff Joe Arpaio (all times local): 7:55 p.m. U.S. Sen. John McCain of Arizona is voicing his displeasure at President Donald Trump’s …

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Economic adviser knocks Trump's response to Charlottesville

Economic adviser knocks Trump's response to CharlottesvilleA top economic adviser to President Donald Trump said he’s come under “enormous pressure” both to quit and to remain at the White House following the administration’s widely criticized response …

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Without insurance, some vendors balk at stocking Sears’ shelves

Without insurance, some vendors balk at stocking Sears’ shelvesThe strain in Sears’ supply chain is exacerbated by the scarcity and high cost of a type of vendor insurance known as accounts receivable puts, which ensure a supplier will be paid even if the retailer files for bankruptcy, according to interviews with Sears’ vendors and insurance brokers. Two other small vendors told Reuters they stopped supplying Sears this year because they could not afford the insurance, whose cost spiked after Sears warned in March of “substantial doubt” over its ability to continue as a going concern.

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A portfolio manager at Izzy Englander's $35 billion hedge fund is setting off on her own

A portfolio manager at Izzy Englander's $35 billion hedge fund is setting off on her ownA longtime portfolio manager at Izzy Englander’s $35 billion hedge fund Millennium is…

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Jeweler Tiffany's quarterly profit rises 8.8 percent

Jeweler Tiffany's quarterly profit rises 8.8 percentTiffany reported an 8.8 percent rise in quarterly profit on Thursday, helped by lower product input costs and more sales of higher-margin jewelry.

Source: Yahoo Finance

14 Stocks That Could Skyrocket From Trump's Border Wall With Mexico

14 Stocks That Could Skyrocket From Trump's Border Wall With MexicoDonald Trump’s border wall could mark a major payday for some companies — if it gets built.

Source: Yahoo Finance

Uncounted Kansas ballots fuel fears about Kobach's proposals

Uncounted Kansas ballots fuel fears about Kobach's proposalsWICHITA, Kansas (AP) — A conservative firebrand promoting President Donald Trump's unsubstantiated claims of widespread voter fraud oversees a Kansas election system that threw out at least three times as many ballots as any similarly sized state did, fueling concerns about massive voter suppression should its practices become the national standard.

Source: Yahoo Finance

A Conor McGregor upset over Floyd Mayweather could cost Las Vegas sportsbooks $40 million

A Conor McGregor upset over Floyd Mayweather could cost Las Vegas sportsbooks $40 millionFloyd Mayweather is no stranger to getting booed. During the four-day promotional tour he…

Source: Yahoo Finance

Exclusive: China's 'big four' banks raise billions for Belt and Road deals – sources

Exclusive: China's 'big four' banks raise billions for Belt and Road deals - sourcesChina’s largest state-owned commercial banks are raising billions to fund investment under Beijing’s “Belt and Road” drive, people close to the matter said, bolstering ambitions to revive Silk Road trade routes and internationalise the yuan. China Construction Bank Corp (CCB) , the country’s second-biggest bank by assets, has been conducting roadshows to raise at least 100 billion yuan ($15 billion) from onshore and offshore investors, the people said. Bank of China (BOC) (3988.HK), the smallest of the country’s “big four” lenders, aims to raise around 20 billion yuan, two of the people said.

Source: Yahoo Finance

If your eyes hurt after watching the solar eclipse, here's what you need to know

If your eyes hurt after watching the solar eclipse, here's what you need to knowStaring at the sun without certified protective glasses could have caused eye damage called solar…

Source: Yahoo Finance

Big Ben bell falls silent in London for repairs until 2021

Big Ben bell falls silent in London for repairs until 2021With a dozen deep bongs, Britain’s Big Ben sounded the hour for the last time Monday before falling silent for repair work due to last almost four years. The giant bell atop Parliament’s clock tower rang …

Source: Yahoo Finance

Saudi Arabia's Non-Oil Revenue Declined by 17%

Saudi Arabia's Non-Oil Revenue Declined by 17%Aug.20 — The National Investor Manager Ali Adou discusses his outlook for the dollar, the mid-east economy and the price of oil. He speaks on "Bloomberg Markets: Middle East."

Source: Yahoo Finance

Police hunt for suspected Barcelona van driver

Police hunt for suspected Barcelona van driverSpanish police put up scores of roadblocks across the northeast as the manhunt continued Sunday for the suspected driver of the van that plowed into pedestrians in Barcelona. Police in Catalonia are searching …

Source: Yahoo Finance

Duke University removes damaged Robert E. Lee statue

Duke University removes damaged Robert E. Lee statueDuke University removed a statue of Gen. Robert E. Lee early Saturday after it was vandalized amid a national debate about monuments to the Confederacy. The university said it removed the carved limestone …

Source: Yahoo Finance

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