Markets
Sterling hits 12-day high as investors bet on Conservative win
It is still not clear what the DUP would get in return for its support. The DUP has close ties with the Conservatives , and it is in favor of the U.K.'s withdrawal from the European Union. Instead, her strategy backfired as the election took away the Conservative majority and sent the country into political turmoil. The last seat to be called in the election following three recounts, Borwick ... [Full Article...]
Pioneer Investment Management Inc. Sells 48585 Shares of NVIDIA Co. (NVDA)
As a result of Thursday's move, however, the stock is once again near-term overbought, thus offering active investors a chance to lighten up on long positions (i.e. The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Bridgeway has 0.05% invested in Regis Corporation (NYSE:RGS) for 251,400 shares. [Full Article...]
Sens. Portman, Capito: Slow Medicaid Expansion Phase-Out
Senate Majority leader Mitch McConnell (R-KY) proposed a three-year transition that would end funding in 2023 at a Senate lunch on Tuesday. Senate Republicans have also been mulling options to more slowly roll back the expansion of Medicaid that most states accepted under Obamacare, and they are also openly talking about keeping numerous taxes the law imposed. [Full Article...]
May seen fighting for survival after election failure
May has pledged to remain in office, and said she will will form a minority government to provide "certainty". May expected to increase the number of her Conservative Party's seats in the parliament in order to avoid additional problems during the talks. [Full Article...]
McCain Explains Iffy Performance During Comey Hearing
Trump". "That gave me a queasy feeling", Comey said. MCCAIN: "So are you aware of anything that would lead you to believe that the president or members of the administration or members of the campaign could potentially be used to coerce or blackmail the administration?" COMEY: "That's not a question I can answer, senator". [Full Article...]
Prosecutors rest their case at Bill Cosby's trial
Now in her early 70s, Valentino was the 16th victim to come forward, alleging Bill Cosby sexually assaulted her in Los Angeles in 1969. "We had been discussing investigative leads and where they were going", Schaffer, a witness for the prosecution, said on Day 4 of Cosby's trial. [Full Article...]
United Kingdom govt a minority on eve of Brexit talks
Free-market think tanks such as the Adam Smith Institute have criticised May for the inexistence of her ideological support: she relies on no past thinkers, particular philosophy and on very few policy advisors for the drafting of her leadership. [Full Article...]
UK PM May seen fighting for survival after election failure
May was interior minister for six years before rising to premier in the political chaos that followed last June's Brexit referendum. Any such arrangement would be fraught with political risk for May, fuelling uncertainty among businesses over what the final terms of Britain's departure from the European Union would look like, and how it will affect future trade with the bloc. [Full Article...]