Dow plunges 500 points as US-China brawl on trade

New focus on Fed’s next move as Trump backs off tax cuts Janney Chief Investment Strategist Mark Luschini and Pacer ETFs President Sean O’Hara on concerns over the U.S. economic outlook and whether tax cuts or Federal Reserve interest rate cuts are necessary. U.S. stocks tumbled on Friday with the Dow plunging 500 points as China announced retaliatory tariffs on some U.S. goods […]

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Trade war explodes as Trump clashes with US firms over ‘order’ to abandon China, block fentanyl shipments

Stocks plunge as China announces retaliatory tariffs, Trump goes on offensive The Dow takes a dive as China announces retaliatory tariffs on some U.S. goods, President Trump rips Federal Reserve; Kevin Corke reports from the White House. President Trump's trade war with China boiled over Friday as Beijing slapped retaliatory tariffs on America and the president declared he's ordering U.S. companies to prepare to […]

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As many as 100 chicken plant workers reportedly fired after Mississippi ICE raid

JACKSON, Miss. – There are unconfirmed reports that as many as 100 employees have been fired at a chicken processing plant in Morton after U.S. Immigration and Customs Enforcement raided PH Food and six other plants in Mississippi last week. PH Food won’t comment on the report of the layoffs. Dianne Bell, a spokeswoman for the Mississippi Department of Employment Security, said Wednesday the agency was trying […]

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Biden says ‘poor kids’ just as bright as ‘white kids’ in latest gaffe

Democratic frontrunner Joe Biden attacks Trump on racism Biden criticizes Trump’s rhetoric; Fox Business Network’s Hillary Vaughn reports. Former Vice President Joe Biden, the 2020 Democratic primary frontrunner, made another gaffe Thursday when he told a crowd in Iowa that “poor kids are just as bright and talented as white kids.” Biden, who famously directed supporters to a wrong number during […]

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Bitcoin Plummets To $11,600 As Bull Case Weakens; Factors & Trends

Bitcoin and the aggregated crypto markets incurred a significant influx of buying pressure earlier this morning that ultimately resulted in yet another swift rejection that sent the markets reeling lower. This rejection and the subsequent drop have weakened the bullish scenario that many analysts believed BTC was facing, and some analysts are now noting that a much larger drop could […]

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Bitcoin Demanded As Ransom For Stolen Data Files By Hackers

Many hackers have started cleaning files on publicly accessible storage devices and are just leaving Bitcoin ransom note in stead of the data. Users have taken to the forums on BleepingComputer to say that files on their Lenovo Iomega NAS (network-attached storage) devices are reportedly being either hidden or deleted. So, the attackers are demanding ransom in Bitcoin for the […]

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Dow Jones tanks as Fed chairman raises doubts on further rate cuts

Wall Street got what it wanted from the Federal Reserve — just not enough of it. The stock market plunged Wednesday despite the Fed announcing its first interest-rate cut in a decade, as Fed Chairman Jerome Powell signaled that the quarter-point cut was an “adjustment” and not the beginning of a “lengthy cutting cycle.” Powell’s remarks were enough to send […]

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