Investors have been watching to see whether CEO Ellison, who took over in July 2018, can turn the company around.Retailread more
Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach,...Marketsread more
Chinese overseas investment growth will likely slow or even decline in the next few years as risks around the world increase, according to new research by Moody's Investors...China Economyread more
The American Bar Association has asked the Senate Judiciary Committee to suspend its consideration of Brett Kavanaugh's nomination to the Supreme Court until an FBI investigation is completed into multiple sexual assault allegations.
In a Thursday night letter that followed an emotional and compelling day of hearings at which Kavanaugh again denied the nearly four-decades-old allegations of Dr. Christine Blasey Ford, one of three named accusers, the ABA sided with Senate Democrats out of its "respect for the rule of law and due process under law."
More from USA Today:
The four-paragraph letter, addressed to Senate Judiciary Chairman Chuck Grassley, R-Iowa, and ranking Democrat Sen. Dianne Feinstein, represented a stunning turn of events. The ABA had bestowed its highest rating of unanimous, "well-qualified" for the Supreme Court, and Kavanaugh pointed to the ABA's support during Thursday's proceedings.
"Each appointment to our nation's Highest Court (as with all others) is simply too important to rush to a vote," ABA President Robert Carlson wrote in the letter. "Deciding to proceed without conducting additional investigation would not only have a lasting impact on the Senate's reputation, but it will also negatively affect the great trust necessary for the American people to have in the Supreme Court."
Senate Republicans, though, have deflected Democrats' call for an FBI probe. A committee vote on Kavanaugh is expected Friday, with a vote on his nomination possible by as early as the weekend.
"For 12 years, everyone who has appeared before me on the D.C. Circuit has praised my judicial temperament," Kavanaugh said Thursday. "That's why I have the unanimous, well-qualified rating from the American Bar Association."
"Here's my understanding, if you lived a good life, people will recognize it like the American Bar Association has, the gold standard," he said. "His integrity is absolutely unquestioned."
In the closing of his letter, Carlson wrote, "Respectfully, the Senate should recognize that a thorough FBI investigation will demonstrate its commitment to a Supreme Court that is above reproach."
The religious America Magazine also walked back its previous support for Kavanaugh on Thursday, calling for his nomination to be withdrawn "in the best interests of the country."