Business


Trump reportedly asked Comey to shut down Flynn probe; is it obstruction?

Trump on May 9 fired Comey, who led the FBI investigation into the ties between Russian officials and Trump's presidential campaign, an issue that Congress also addresses. Republican US Representative Jason Chaffetz, chairman of a House of Representatives oversight committee, said his committee "is going to get the Comey memo, if it exists".


Indian-origin techie links ransomware attack to N Korea

Indian-origin techie links ransomware attack to N Korea

The kingdom's electronic security agency says about 18 percent of Saudi Telecom's computers were affected by the cyberattack. The official China Daily newspaper, citing Chinese tech firm Qihoo 360, said that at least 200,000 computers had been affected in China, with schools and colleges particularly hard-hit.



Oil prices up 2% after deal to extend supply cut

The Russian ruble is soaring after Saudi Arabia and Russia said they support supply cuts lasting into 2018. Venezuela is undergoing a wave of unrest with protesters angry at an economy in crisis, with food and medicine shortages and soaring inflation.


Target reimagines itself, investors like what they see in 1Q

Target reimagines itself, investors like what they see in 1Q

Typically, they estimate what the company's earnings and cash flow will be for the next couple of years, and then apply a ratio - such as a price-to-earnings ratio - to those estimates to determine what the future stock price should theoretically be.


Stock'S Earning Overview Ford Motor Co. (F)

Stock'S Earning Overview Ford Motor Co. (F)

It has by 0.00% the S&P500. Fields, whose almost three years at the helm have been marked by a languishing share price, is expected to announce as early as this week Ford plans to cut about 10 percent of its salaried workforce in North America and Asia.


US Household Debt Tops Pre-Recession Peak

US Household Debt Tops Pre-Recession Peak

Household debt in the United States has surpassed the level it was at just prior to the 2008 financial crisis, a sign of economic health that Americans have returned to borrowing at pre-recession levels, the Federal Reserve Bank of NY reported Wednesday.