money

Trump’s Tweets and China-Baiting Distracts from Fundamentally Poor US Economy

  • The question on most financial analysts’ minds this weekend: is Trump’s trade war with China triggering an economic downturn, thus increasing odds that the US economy will fall into recession?

Stocks fell rapidly on Wall Street at closing on Friday after Trump responded to China’s tariff threat against American imports – pushing the market to its fourth-straight week of losses.

Fraud Investigator Accuses General Electric of Hiding $38-Billion in Liabilities. GE Says the Accusation Is A Fraud to Game Stock Prices

Markopolos' report indicates that GE is locked into $38-billion in future expenses that it has not disclosed, which is over 40% of the company’s market capitalization. The company says the report itself is fraud because it was designed to plunge the price of GE stock so insiders could buy cheap and sell high later.

AOC’s Chief of Staff, Saikat Chakrabarti, Has Come under Investigation for Possible Illegal Handling of more than $1-million in Campaign Donations – And He Has Resigned

Saikat Chakrabarti, the mastermind behind AOC’s campaign and Green New Deal, resigned as her chief of staff at the same time as coming under federal investigation. Two PACs are being probed, Brand New Congress and Justice Democrats, both set up to support Marxist candidates.

Computer Hackers Target Cities with Outdated Infrastructure for Bribe Payments After Shutting Down Systems

Attackers are going after both companies and cities by exploiting vulnerabilities via malicious email attachments and demanding payments for decryption keys. In early June, Baltimore rejected a $76,000 ransom, and the damage will instead cost the city about $18 million in IT costs and lost revenue.