The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia mostly traded higher Tuesday morning as minutes from the Reserve Bank of Australia's July meeting were released. The People's Bank of China also published its...Asia Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
Apple has spent more than $6 billion on original TV shows and movies for its forthcoming Apple TV+ service, according to a Financial Times report on Monday.Technologyread more
The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
President Donald Trump told reporters on Friday that he expected to "quickly" remove the security clearance of Bruce Ohr, a Justice Department official with convoluted ties to special counsel Robert Mueller's investigation into Russian interference in the 2016 election.
Ohr's name stood out during a news conference earlier in the week, when White House press secretary Sarah Huckabee Sanders listed the high-ranking official among a number of vocal critics of the president who she was putting on notice.
Unlike the rest of the names on the list, including former FBI Director James Comey and former CIA Director John Brennan, Ohr is still a member of the Trump administration. He was associate deputy attorney general under Eric Holder until 2017 and continues to work for the DOJ.
Trump's attacks on Ohr revolve around his personal connection to the so-called Steele dossier that was compiled by former British spy Christopher Steele during the 2016 presidential election. The dossier contains a number of allegations about improper connections between the Trump campaign and the Russian government.
Ohr's wife, Nellie, worked on the dossier when she was a consultant at Fusion GPS, the firm that was commissioned to produce it. Republicans insist that the warrant the FBI obtained to investigate former Trump campaign advisor Carter Page and his ties to Russia is tainted because that dossier was part of the evidence used to obtain it. Trump has said the warrant was used to initiate the investigation that led to Mueller's probe.
"The big story that the Fake News Media refuses to report is lowlife Christopher Steele's many meetings with Deputy A.G. Bruce Ohr and his beautiful wife, Nelly," the president wrote in an Aug. 11 tweet, which is the first to mention Ohr by name.
The attacks on Ohr are part of a broader critique of Mueller's Russia probe which Trump calls a "witch hunt."
The president repeated the attack on Tuesday, writing that "Bruce Ohr of the 'Justice' Department (can you believe he is still there) is accused of helping disgraced Christopher Steele 'find dirt on Trump.'"
Despite Ohr's connections to the Steele dossier, there is no proof that it had any material impact on either the FBI's surveillance warrant for Page or on the Mueller probe.
In July, the FBI released redacted documents that showed that the bureau relied on evidence that was unrelated to the Steele dossier in its application to wiretap Page, and disclosed Steele's political motives.
While the president has alleged that the dossier spurred Mueller's Russia probe, the investigation began after Australian diplomats tipped off U.S. officials following a suspicious encounter with Trump's former foreign policy advisor George Papadopoulos.
The Department of Justice declined to comment.