No Picture
Trading Ideas

Investigators finally get look at materials from Cohen raid

Criminal investigators are getting their first look at materials gathered from raids on the home and office of President Donald Trump’s personal lawyer as a process to separate items subject to attorney-client privilege appears to be meeting a judge’s demand that it occur speedily and efficiently. The progress comes just days before U.S. District Judge Kimba M. Wood will preside over a fourth hearing resulting from Michael Cohen’s efforts to gain influence over what potential evidence seized in the April 9 raids can be deemed subject to the privilege and blocked from the view of criminal prosecutors. Wood …read more […]

No Picture
Trading Ideas

Trump to demand DOJ review claims of FBI spy on campaign

President Donald Trump said Sunday that he will “demand” this week that the Justice Department open an investigation into whether the FBI infiltrated his presidential campaign for political purposes and whether any demands or requests for such action originated with the Obama administration. The Justice Department declined to comment. Trump has been promoting a theory circulating in conservative circles about a possible FBI spy on the campaign, though his attorney has cast doubt on it. …read more […]

No Picture
Trading Ideas

Exclusive – GE nears deal to merge transportation unit with Wabtec: sources

It would be the biggest deal thus far to be inked by GE Chief Executive Officer John Flannery, who took over last August with a mandate to slash costs and boost the U.S. industrial conglomerate’s plummeting stock price. There is always a possibility that the deal talks, which centre on using a tax-efficient structure called a Reverse Morris Trust, could collapse at the last minute, the sources cautioned. GE and Wabtec did not immediately respond to requests for comment. …read more […]

No Picture
Trading Ideas

German companies worry Trump moving toward ‘America Alone’

German companies are concerned that U.S. President Donald Trump is increasingly thinking only of America rather than just putting his country first, the head of Germany’s DIHK Chambers of Commerce told media. The United States has pulled out of the 2015 Iran nuclear deal and Germany has acknowledged it could be hard to protect companies doing business with Iran, as a senior U.S. official renewed a threat of sanctions against European firms. German companies also face the prospect of possible extra levies — Trump imposed a 25 percent tariff on steel imports and a 10 percent tariff on …read more […]

No Picture
Trading Ideas

German companies worry Trump moving toward 'America Alone'

German companies are concerned that U.S. President Donald Trump is increasingly thinking only of America rather than just putting his country first, the head of Germany’s DIHK Chambers of Commerce told media. The United States has pulled out of the 2015 Iran nuclear deal and Germany has acknowledged it could be hard to protect companies doing business with Iran, as a senior U.S. official renewed a threat of sanctions against European firms. German companies also face the prospect of possible extra levies — Trump imposed a 25 percent tariff on steel imports and a 10 percent tariff on …read more […]

No Picture
Trading Ideas

Trump Demands DOJ Look Into ‘Political’ Infiltration of Campaign

President Donald Trump said he’ll “demand” an investigation into possible infiltration of his campaign for political purposes by the Obama administration or others. “I hereby demand, and will do so officially tomorrow, that the Department of Justice look into whether or not the FBI/DOJ infiltrated or surveilled the Trump Campaign for Political Purposes – and if any such demands or requests were made by people within the Obama Administration!” Trump said on Twitter. In an interview on Fox News Channel, Nunes said he and Republican colleagues have yet to determine whether there was such an informant, because the …read more […]

No Picture
Trading Ideas

Tesla's performance Model 3 delivers 3.5 second 0-60 for $78,000

Tesla is almost ready to start shipping Model 3s equipped with an AWD dual-motor option, so CEO Elon Musk announced specs and pricing for the new options on Twitter. The Performance trim Model 3 will sit at the top of the line, with 20-inch wheels, carbon fiber spoiler, black and white interior and specially-selected dual-motor setup available for $78,000 (adding AutoPilot costs extra). Musk said that its cost is “about” the same as BMW’s M3 (a base model starts at $66,500), but it’s supposedly …read more […]

No Picture
Trading Ideas

U.S., China putting trade war on hold, Treasury's Mnuchin says

The U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Mnuchin and U.S. President Donald Trump’s top economic adviser, Larry Kudlow, said the agreement reached by Chinese and American negotiators on Saturday set up a framework for addressing trade imbalances in the future. …read more […]

No Picture
Trading Ideas

EU could compensate firms hit by U.S. sanctions over Iran: French minister

France is looking to see if the European Union could compensate European companies that might face U.S. sanctions for doing business with Iran, French finance minister Bruno Le Maire said on Sunday. Le Maire referred to EU rules dating back to 1996 which he said could allow the EU to intervene to protect European firms against any sanctions imposed by the United States, adding that France wanted the EU to toughen its stance in this area. …read more […]

No Picture
Trading Ideas

Set Your Kids Up for Success by Gifting Stock

Transcript:
Here’s a slap from the retirement belt. It’s one I’m sure rings true across all parts of the country.

A close friend was venting to me the other day about his daughter and what he called her “complete lack of money understanding.”

Before he even got started with the details, I asked, “Were we any different?”

He said, “Hear me out… She’s getting married. My wife and I have offered them the option of a big wedding or a down payment on a house. We would even pay the closing costs.”

OK, I know just about everyone reading this has either been in this …read more […]