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Appeals court revives emoluments lawsuit against Trump

Appeals court revives emoluments lawsuit against Trump

A federal appeals court on Tuesday revived a major threat that President Donald Trump has faced in court since the early days of his presidency — the question of whether he can be sued over his business portfolio, which could give his opponents access to his private business records. The cases related to emoluments have…MORE

Creditors are challenging Puerto Rico’s financial oversight board. But the Supreme Court seems skeptical

Creditors are challenging Puerto Rico’s financial oversight board. But the Supreme Court seems skeptical

Puerto Rico’s financial oversight board might live to guard the island’s restructuring for another day. During Supreme Court arguments Tuesday, justices appeared to lean in favor of leaving the board in place. Congress created the board, which is tasked with monitoring the territory’s financial health, three years ago. Aurelius Investments, one of Puerto Rico’s creditors,…MORE

House approves bills supporting pro-democracy activists in Hong Kong

House approves bills supporting pro-democracy activists in Hong Kong

The House of Representatives sent a clear rebuke to Beijing and reaffirmed American support for pro-democracy activists in Hong Kong on Tuesday afternoon, as police have intensified crackdowns on protesters in the semiautonomous region in recent weeks. Lawmakers approved the Hong Kong Human Rights and Democracy Act after demonstrators in the city of 7 million…MORE

Mounting frustration inside White House over Hill depositions as refusals to comply with subpoenas increase

Mounting frustration inside White House over Hill depositions as refusals to comply with subpoenas increase

President Donald Trump on Tuesday dismissed the escalating impeachment inquiry on Capitol Hill during a jovial Rose Garden appearance, but sources say there is mounting frustration over the cavalcade of administration witnesses providing testimony. “I wouldn’t worry about it, fellas, I wouldn’t worry about it,” Trump joked alongside Stanley Cup champions the St. Louis Blues.…MORE

Yet another company has been hit by a ransomware attack

Yet another company has been hit by a ransomware attack

Hackers have struck again with yet another ransomware attack. This time the victim was Pitney Bowes, a technology company based out of Stamford, Connecticut that provides ecommerce, shipping, data and mailing services. The company confirmed the attack on its website and is currently working to restore the affected systems. Its shipping and mailing services appear…MORE

Charles Schwab talks about the zero-commission brokerage wars

Charles Schwab talks about the zero-commission brokerage wars

If you are still paying any commission to trade stocks online then you’re paying too much. The discount brokerage business, in the span of about a week, has reinvented itself with a business model of zero commissions. The Charles Schwab Corporation was the first major broker to kill off commissions earlier this month — although…MORE

Sears’ future is still in doubt a year after bankruptcy filing

Sears’ future is still in doubt a year after bankruptcy filing

Sears filed for bankruptcy a year ago today. And while the company used the process to shed debt, get out of store leases it didn’t want and dodge liquidation, the last 12 months have hardly been a success. And there are signs that the store’s future may be in greater doubt than when it emerged…MORE