Washington – A federal judge has refused to dismiss a classified documents lawsuit against Donald Trump, ignoring defense arguments that a decades-old law allows the former president to keep sensitive records after he leaves office.Trump's lawyers cited a 1978 law known as the Presidential Records Act to demand that the case, one of four against the presumptive Republican nominee, be dismissed before trial. This law requires presidents upon leaving office to hand over presidential records to the federal government, but allows them to keep purely personal papers.Prosecutors on the team of special counsel Jack Smith countered that this law had…
Author: ricardofrancois
Traders work on the floor of the New York Stock Exchange during the afternoon of March 27, 2024.Michael M. Santiago | Getty ImagesStocks fell on Thursday amid a bout of choppy trading ahead of the March jobs report. Rising oil prices and fears that the Federal Reserve may cut interest rates also affected investor sentiment.the Dow Jones Industrial Average The stock lost 530.16 points, or 1.35%, to close at 38,596.98 points. The 30-stock Dow Jones index suffered its worst session since March 2023, and recorded its fourth consecutive losing day. the Standard & Poor's 500 It decreased by 1.23% to…
Every weekday, the CNBC Investing Club with Jim Cramer releases Homestretch — an actionable afternoon update, just in time for the final hour of trading on Wall Street. (We are no longer recording audio, so we can get this new written feature out to members as quickly as possible.) Bounce Attempt: After a nice rally at the start of the session, the S&P 500 was struggling to hold on. on its gains. (The index moved solidly into the red after the first publication of this story.) This would make for two consecutive days of declines late in the day, which…
Grab your eclipse glasses — weather permitting, Los Angeles County and the rest of California will catch a glimpse of a rare total eclipse on Monday. Unfortunately for eclipse enthusiasts on the West Coast, California residents will only be able to see a partial eclipse. From the point of view of this case, the Moon and the Sun would not be perfectly parallel, and only part of the Sun's disk would be obscured, according to the Griffith Observatory. The moon's creep on the path of the sun will begin at 10:06 am, and it will have greatly eaten away at…
In this illustration, the Opill package is displayed on March 22, 2024 in San Anselmo, California. Justin Sullivan | Getty ImagesCVS Health It said Thursday that its drug plans will cover the first over-the-counter birth control pills in the United States at no cost to many health plan sponsors, a decision that could open the door for more people to prevent unintended pregnancies without a prescription. The pill will be added to the oral contraceptive menu for preventive services and will be covered at no cost to many sponsors, said the company's pharmacy benefits manager, CVS Caremark. The medicine known…
A person works on a Bowlus recreational vehicle at the Bowlus factory in Oxnard, California, February 23, 2024.Timothy Able | ReutersThe March nonfarm payrolls number likely indicates hiring continues at a solid pace, although some of the labor market's weak fundamentals could come into greater focus when the Labor Department releases its key report on Friday morning.Job growth is expected to reach 200,000 during this period, according to Dow Jones forecasts. If true, that would represent a slowdown from the initially reported figure of 275,000 in February but still a historically strong pace.However, a funny thing has happened with jobs…
California Gov. Gavin Newsom and state Senate and Assembly leaders announced an agreement Thursday to cut $17 billion from the state's budget in April, providing the first details of their plan to begin addressing the state's massive deficit. The plan calls for delaying $1 billion in funding for intercity rail projects, saving $762.5 million by cutting funding for state vacancies and withdrawing $500 million from a program to help districts pay for K-12 construction projects, among other proposals. To reduce the deficit. . “We are able to meet this challenge thanks to our responsible fiscal leadership over the past years,…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Zimbabwe will launch a new currency on Friday that it said will be backed by the country's gold reserves, in the latest move by President Emmerson Mnangagwa's government to address decades of monetary chaos.Mnangagwa said after touring the central bank's vaults that the southern African country has enough gold to support the new “structured currency”, although analysts question the adequacy of these assets.This change comes after the current collapse of the Zimbabwean dollar accelerated this year. Its value fell by three-quarters against…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Is Intel in the middle of one of the greatest transformations in business history? Or has Washington just committed to pumping tens of billions of dollars in a desperate attempt to regain leadership in global chip manufacturing?The size of the US bet was revealed this week, as Intel revealed the extent of the gap in the manufacturing side of its business. Had it not been for the change in currency devaluation policies, the company would have reported a staggering $11.2 billion loss…
Check out the companies making headlines in midday trading. Hertz Global – The car rental company lost about 4% after it was downgraded to Sell from Neutral at Goldman Sachs. Investors have not yet fully priced in some near-term pressures, the bank wrote. Nugget – The financial services stock lost nearly 2% after a rating downgrade to underweight from equal weight at Morgan Stanley. As reasons for the change, the company cited “high market penetration and limited additional opportunities.” Zeta Global – The software stock added 17% after Morgan Stanley upgraded the software company to an overweight rating from equal…