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May 2016

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Bank of America Strategist Warns of Imminent 'Vortex of Negative Headlines' to Send U.S. Stocks Plummeting

Thu May 12, 2016 1:28 am by Admin

Markets are quiet right now. Too quiet.

The Chicago Board Options Exchange's Volatility Index, a measure of implied volatility, is near its lowest levels of the year. It's been over a month since the S&P 500-stock index moved more than 1 percent in either direction. All the worries that people were really anxious about earlier this year—from rising corporate defaults to a Chinese hard …

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Alaska Air buys Virgin America to expand West Coast flights

Tue Apr 05, 2016 8:55 am by Admin

Alaska Air Group Inc. is buying Virgin America in a deal worth $2.6 billion, making Alaska the biggest carrier on the West Coast and reigniting the debate over airline consolidation.

The proposed merger also would give Seattle-based Alaska a foothold in key airports in New York and Washington D.C., increasing the airline's appeal to business travelers.

"Our goal is to be the premier …

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First U.S. oil export leaves port; marks end to 40-year ban

Fri Jan 01, 2016 1:24 pm by Admin

The first U.S. shipment of crude oil to an overseas buyer departed a Texas port on Thursday, just weeks after a 40-year ban on most such exports was lifted.

The Theo T tanker has left NuStar Energy LP’s dockside facility in Corpus Christi, Texas, along the western shore of the Gulf of Mexico, Mary Rose Brown, a spokeswoman for NuStar, said in an e-mail. The ship is carrying a cargo of oil and …

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Senate Dems block key Obama priority on Trade

Tue May 12, 2015 5:24 pm by Admin

President Barack Obama is privately working with Senate Democrats to find a way forward for his free trade initiative.

After Democrats banded together to rebuke their own party's President on a key trade bill Tuesday afternoon, Obama huddled with some of those senators -- including several who have publicly expressed support for the bill, called trade promotion authority -- to "discuss a …

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House republicans debate birthright citizenship

Thu Apr 30, 2015 6:17 pm by Admin

Democrats in Congress frequently accuse the GOP of attacking immigrants, and on Wednesday, House Republicans gave them more fodder by holding a hearing on whether the U.S. should continue the longstanding practice of granting citizenship to all children born here.

Some Republicans argue that birthright citizenship incentivizes unauthorized immigration and birth tourism. They add that the 14th …

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Senate confirms Loretta Lynch as attorney general

Thu Apr 23, 2015 4:02 pm by Admin

The U.S. Senate voted on Thursday to approve Loretta Lynch as President Barack Obama's next attorney general, ending a five-month deadlock that made Lynch wait longer for confirmation than the last seven attorneys general combined.

The first black woman to become the top U.S. law enforcement official, Lynch, 55, was approved by a 56-43 vote. Ten Republicans voted for Lynch, including Senate …

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Protests for $15 wage set to expand

Wed Apr 15, 2015 8:42 am by Admin

The fight to redefine a McJob is heating up.

Protests for pay of $15 an hour and a union for fast-food and other low-wage workers are set to take place around the country Wednesday, marking the biggest effort yet in an ongoing campaign by labor organizers.

The push comes just two weeks after McDonald's announced a pay bump for workers at its company-owned stores, suggesting the chain is …

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Power outage strikes much of Washington, D.C., including the White House

Tue Apr 07, 2015 3:19 pm by Admin

A power outage reportedly struck much of Washington, D.C., Tuesday morning.

The U.S. State Department, White House, Capitol and Justice Department were among the buildings that lost power.

A White House spokesperson said that backup generators kicked in initially after the outage, according to a tweet from Mark Knoller, a CBS News correspondent.

The Department of Energy, which is responsible …

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Kansas Bans Poor People From Spending Welfare On Cruise Ships

Sat Apr 04, 2015 11:47 am by Admin

Kansas welfare recipients will be unable to get more than $25 per day in benefits under a new law sent this week to Republican Gov. Sam Brownback's desk by the state legislature.

The bill also prohibits welfare recipients from spending their benefits at certain types of businesses, including liquor stores, fortune tellers, swimming pools and cruise ships.

"We're trying to make sure those …

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