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Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Walmart is the latest to pull back from the industry. Federal regulators said they will soon ban flavored e-cigarettes while some nations have outlawed the products...Health and Scienceread more
Legal experts say that California, which has pledged to sue, has a strong case that the administration's move is unlawful.Politicsread more
Solomon launched Payback Records last year as his music career was picking up.Financeread more
A group of 23 states on Friday sued to undo the Trump administration's determination that federal law bars California from setting stiff tailpipe emission standards and...Transportationread more
U.S. officials, including Secretary of State Mike Pompeo, have accused Iran of orchestrating devastating strikes on Saudi oil installations over the weekend.Politicsread more
Rosengren was one of two central bank officials to vote against Wednesday's quarter-point rate reduction, and explained in a speech to the Stern School of Business at New York...Economyread more
Donald Trump's comeback in the 1990s was not due to tax maneuvering but from shrewd business acumen, said Trump supporter Howard Lorber, chairman of New York City real estate powerhouse Douglas Elliman.
The GOP presidential nominee's use of the net operating loss provision to the tune of $916 million in 1995 — and speculation he may have paid no income tax for nearly two decades — has created a tug-of-war, with supporters calling the move smart and critics crying foul.
Trump's campaign narrative that he's a smart businessman and successful dealmaker, therefore he'd make a good president, still rings true, Lorber told CNBC's "Squawk Box" on Wednesday.
"The comeback came pretty quickly. And the chances are he didn't have the chance to even use that loss carry forward [tax move]," the Douglas Elliman chairman said, adding he's "bullish" on Trump winning the presidency.
According to The New York Times, Trump faced hard times coming out of the 1980s.
By 1990, Mr. Trump had amassed $3.4 billion in debt, much of it in the form of high-interest junk bonds. He was personally liable for $832.5 million of that.
Lorber, who has known Trump for three decades, countered by saying: "His comeback was because he stuck it out, he worked out things with the bank, he's a good negotiator, and he lived another day to start again."