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
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 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
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
President Donald Trump insisted Thursday that he "never directed" Michael Cohen "to break the law."
In three tweets a day after his former attorney was sentenced to three years in prison, Trump said Cohen pleaded guilty in order to "embarrass the president and get a much reduced prison sentence."
Cohen was sentenced to three years in prison for his guilty pleas to charges including his central role in paying hush money to two women who claimed they had had affairs with Trump. The charges were brought by federal prosecutors in New York and special counsel Robert Mueller, who is investigating potential coordination between Russia and Trump campaign-related figures.
Cohen's crimes included a range of financial violations, as well as lying to Congress. The hush money, paid in the run-up to the 2016 presidential election, constituted violations of campaign-finance law. Prosecutors have said the payments, which went to porn star Stormy Daniels and Playboy model Karen McDougal, were made "in coordination with and at the direction of" Trump. Cohen and prosecutors said the money was paid in order to "influence" the election.
The White House has denied Trump had sex with either woman.
U.S. District Court Judge William Pauley said at Cohen's sentencing that each of the crimes on their own "warrant considerable punishment."
Trump said on Twitter that the 52-year-old Cohen, who was Trump's longtime personal attorney and a high-ranking executive at the Trump Organization, "has great liability if a mistake is made."
"That is why they get paid," Trump tweeted, referring to Cohen's status as a lawyer.
Trump also wrote that "many" campaign finance lawyers have told him he "did nothing wrong with respect to campaign finance laws, if they even apply, because this was not campaign finance."
Trump asserted in a third tweet that Cohen pleaded guilty "in order to embarrass the president and get a much reduced prison sentence, which he did-including the fact that his family was temporarily let off the hook."
Later Thursday morning, Trump weighed in on the case of Michael Flynn, the president's formal national security advisor who pleaded guilty to lying to the FBI about his contacts with the Russian ambassador to the U.S.
"They want to scare everybody into making up stories that are not true by catching them in the smallest of misstatements," Trump said, referring to the special counsel's handling of witnesses in the ongoing probe.
Late Wednesday, a judge in Flynn's case ordered the government to submit interview memos by Friday afternoon. Flynn's attorneys had alleged in a court filing, in which they requested a lenient sentence, that the FBI agents who interviewed Flynn did not warn him that it was a crime to lie to the FBI.