Category: Finance News

Jan 8

Trump: 'The American people should be extremely grateful and happy' as Iran stands down after attack

Hours after Iran launched a ballistic missile attack on Iraqi bases housing U.S. soldiers in retaliation for the killing of Iranian Gen. Qassem Soleimani, President Trump on Wednesday sought to assure Americans that the United States was not on the brink of another war in the Middle East. “The American people should be extremely grateful and happy […]
Jan 8

Quake hits near Iran nuclear plant, injuring seven

The Bushehr plant, which produces 1,000 megawatts of power, was completed by Russia after years of delay and officially handed over in September 2013 (AFP Photo/ATTA KENARE) Tehran (AFP) – A magnitude 4.5 earthquake on Wednesday rattled an area less than 50 kilometres (30 miles) from Iran’s Bushehr nuclear power plant near the country’s Gulf […]
Jan 7

NewsWatch: U.S. stocks slip but remain near record highs as Wall Street tries to shake off Middle East worries

MARKETWATCH FRONT PAGE U.S. stocks pared early losses Tuesday helped by slightly rosier economic data and rumors of a deep-pocketed buyer for Boeing’s beleaguered stock while concerns about the possibility of war in the Middle East faded slightly. See full story. Impossible Foods adds pork and sausage in battle with Beyond Meat On Tuesday, it […]
Jan 7

TaxWatch: This former top Obama official says auditing more rich people would raise $500 billion in personal-income tax

NICHOLAS KAMM/AFP via Getty Images Former Treasury Secretary Lawrence Summers recommends more investment in the IRS. The Internal Revenue Service is scrutinizing fewer and fewer individual tax returns as audit rates continue to decline from a high point 10 years ago. IRS auditors looked into a mere 0.45% of individual tax returns in fiscal year […]
Jan 6

Egypt's president says interfaith bond saved country

1 / 5 Egypt Coptic Christmas Romany, a Coptic man, left, holds his four-year-old son, for Eissa the barber to cut his hair, in preparation for the Coptic Christmas celebration, at a residential and industrial area of eastern Cairo, Egypt, Monday, Jan. 6, 2020. (AP Photo/Hamada Elrasam) CAIRO (AP) — Egyptian President Abdel Fattah el-Sissi […]