Home Depot's CEO says the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."Retailread more
For investors still haunted by last week's monster sell-off, the market's comeback is set to last, according to J.P. Morgan's quant guru.Marketsread more
A U.S.-China trade deal would be less likely if President Xi cracks down violently on the large-scale protests in Hong Kong, Secretary of State Mike Pompeo tells CNBC.Politicsread more
The launch follows a "preview" earlier this month that allowed only limited customers to apply.Technologyread more
Financial advisers are always "buying at the wrong time and selling at the wrong time because they're emotional," the billionaire founder of Baron Capital says.Marketsread more
Energy stocks may be fueling up for a comeback rally. One technical analyst says that after the sector's pummeling, these two stocks look particularly good.Trading Nationread more
Bruce Linton says he bought more stock in Canopy Growth — even though the cannabis company he co-founded fired him earlier this summer.Health and Scienceread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Nobel-winning economist Robert Shiller takes issue with the Federal Reserve's rate cut in July, saying it caused psychological harm to the markets.Marketsread more
Students use the Starship app to order at all hours of the day and night, and can pay with their meal card if they're buying items covered through their plan. The company has...Technologyread more
Former Minneapolis Fed President Narayana Kocherlakota said the notion that monetary policy is too restrictive is basically correct.The Fedread more
A federal judge has rejected — for now — a request by a lawyer for porn star Stormy Daniels to depose President Donald Trump under oath as part of an ongoing legal battle over a hush-money agreement.
The attorney for Daniels, whose real name is Stephanie Clifford, immediately said he would refile the motion to depose Trump, adding that the judge's denial was on "procedural grounds."
"We expect this any day," said the lawyer, Michael Avenatti.
Judge S. James Otero's said Avenatti's motion depose the president was "premature and must be denied" because it was filed before an anticipated filing by Trump and his personal lawyer in the case.
Avenatti said he would refile the motion in U.S. District Court for the Central District of California to seek Trump's testimony as soon as the president and other parties in the case file an anticipated action seeking to send the dispute to a private arbitrator, instead of a judge.
Daniels sued Trump in California state court on March 6, seeking to void an agreement she signed in October 2016, on the eve of the presidential election.
The agreement required Daniels — who received $130,000 from Trump's lawyer Michael Cohen as part of the deal — to not make public comments about her purported relationship with Trump in 2006 and 2007.
Daniels has said she had sex with Trump once, several months after Melania Trump gave birth to the couple's son in 2006, and saw Trump into the following year.
Avenatti argues that the agreement is not valid because Trump personally never signed it. The agreement was signed by Daniels and a corporation, Essential Consultants, which was set up by Trump's lawyer Cohen.
Essential Consultants had Daniels' case transferred to federal court in California on March 16.
In winning transfer of the case, EC said that it plans to file a petition forcing the dispute to be settled by arbitration and not by a federal court trial. A court filing by Trump also says he wants the case settled by arbitration, whose proceedings would be held outside of public view, unlike federal court hearings and a trial.
In response to those statements, Avenatti asked the judge for an expedited jury trial and permission to depose Trump.
In his ruling, Judge Otero said Avenatti's request is "untimely" because neither EC nor Trump has actually filed petitions asking for the case to be sent to arbitration.
"While EC and Mr. Trump have stated their intention to file a petition to compel arbitration, they have not yet done so," Otero wrote. "If such a petition were filed, a number of the questions raised in Plaintiff's Motion may be answered in the petition, thus limiting the need for discovery on these issues. If such a petition is never filed, Plaintiff's Motion is moot."
"Accordingly, Plaintiff's Motion is premature and must be denied."