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Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The House Intelligence Committee on Thursday announced that it had issued subpoenas to Trump's former national security advisor Michael Flynn as well as his top campaign aide Rick Gates for documents and testimony related to Russian interference in the 2016 election.
"As part of our oversight work, the House Intelligence Committee is continuing to examine the deep counterintelligence concerns raised in Special Counsel Mueller's report, and that requires speaking directly with the fact witnesses," said Rep. Adam Schiff, D-Calif., the committee's chairman. "Both Michael Flynn and Rick Gates were critical witnesses for Special Counsel Mueller's investigation, but so far have refused to cooperate fully with Congress."
It is not clear whether either man will comply with the subpoeanas. Attorneys for Flynn and Gates did not immediately respond to requests for comment. The subpoenas call for Flynn and Gates to provide documents by June 26 and sworn testimony on July 10.
Gates, a close associate of former Trump campaign chairman Paul Manafort, served as the Trump 2016 campaign's deputy campaign manager. He was indicted in 2017 as part of special counsel Robert Mueller's Russia probe and pleaded guilty last year to a conspiracy charge and to lying to investigators. He has not yet been sentenced.
Flynn is awaiting sentencing for his own lying charge brought by Mueller. In recent days, though, Flynn swapped lawyers and hired Sidney Powell, who has advocated for the retired United States Army lieutenant general to withdraw his guilty plea.
In a letter to Flynn accompanying the subpoena, Schiff suggested that cooperating with the committee could ease Flynn's potential sentence.
"It would further underscore to your sentencing judge that 'you've done everything you possibly can for the United States of America,' not just the Department of Justice," Schiff wrote.