Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
A federal judge on Friday set a tentative sentencing date of March 5 for Paul Manafort, after special counsel Robert Mueller accused President Donald Trump's former campaign chairman of lying to the FBI in violation of his plea deal.
An attorney for Mueller revealed during the Friday morning hearing in Washington, D.C., federal court that the special counsel is mulling whether to file new charges against Manafort.
"That determination has not been made yet," U.S. Attorney Andrew Weissmann said when asked if the special counsel would lodge more charges.
U.S. District Judge Amy Berman Jackson also scheduled a Dec. 7 deadline for the government to submit a report on Manafort's alleged breach of the terms of his agreement with the special counsel. Jackson said she expects to hold a hearing about it in January.
Manafort, who is currently in jail in Alexandria, Virginia, had waived his right to appear in court Friday.
The hearing came a day after Trump's former personal attorney Michael Cohen pleaded guilty to a charge of lying to Congress about plans to build a Trump Tower in Moscow. Cohen, who has already reportedly spent dozens of hours in interviews with Mueller's team, agreed to cooperate with the special counsel as part of his plea deal.
Mueller is investigating Russian interference in the 2016 U.S. presidential election, possible coordination between Russia and Trump campaign-related people, and potential obstruction of justice by the president himself.
On Monday, Mueller's team alleged in a court filing that Manafort had lied about "a variety of subject matters" to the FBI after entering into his own plea agreement with the special counsel in September. Mueller said the breach of terms relieves the special counsel from its obligations to the plea agreement, but maintains all of Manafort's duties.
Manafort's lawyers pushed back on the allegation, made in a joint document sent to Jackson in the D.C. court. Manafort "believes he has provided truthful information and does not agree with the government's characterization or that he has breached the agreement," the lawyers said.
The special counsel had lodged charges against Manafort in D.C. and a federal court in Alexandria, which mostly related to work he did for a pro-Russia political party in Ukraine years before he became Trump's campaign chief in early 2016. Manafort was convicted of eight criminal counts in the Virginia case in August, and struck a deal with Mueller on the eve of his second trial in D.C.
His sentencing in the Virginia case is set for Feb. 8.
In June 2016, Manafort, along with Donald Trump Jr., and Trump's son-in-law Jared Kushner, met a Russian lawyer at New York's Trump Tower in hopes of receiving damaging information about Trump's then-political opponent, Hillary Clinton. In a letter to Mueller's team in January, the president's legal team said that Trump himself had "dictated" a response to The New York Times' story about the Trump Tower meeting.
Cohen on Thursday admitted that he had lied when he told the Senate Intelligence Committee in a letter that the proposal for a Moscow Trump Tower "ended in January 2016 and was not discussed extensively with others" in the Trump Organization.
Rather, Cohen knew that the Moscow project had been discussed as late as about June 2016, Mueller said in a criminal information filing. Cohen also briefed Trump about the project on more occasions than he claimed to the Senate committee, and had "briefed family members of [Trump] within the Company about the project."