Category: Trucking News

Trump’s Weak Presidency Just Got Weaker

(Bloomberg Opinion) -- Just how weak a president has Donald Trump become? Some great reporting from the Washington Post’s Neena Satija, Wesley Lowery and Josh Dawsey demonstrates how little influence Trump has, even when it comes to one of his biggest legislative successes: Criminal justice reform. By their account, Trump’s decision to champion the First Step Act, which shortened many prison sentences and expanded prison job-training programs and other measures intended to reduce recidivism, was mainly a response to manipulation by celebrities like Kim Kardashian and Kanye West. With Trump’s support, the bill passed and became law last year.Implementation, however, has turned out to be a struggle because the Justice Department has pushed to keep people in prison whom the legislation sought to free. As the Post put it:[F]ederal prosecutors are arguing in hundreds of cases that inmates who have applied for this type of relief are ineligible, according to a review of court records...

7 Semiconductor Stocks to Buy for Your Inner Geek

[Editor's note: "7 Semiconductor Stocks to Buy for Your Inner Geek" was previously published in July 2019. It has since been updated to include the most relevant information available.]Last year saw chip stocks swoon. There was the beginning of the trade war with China and all the unknowns it brought about.Remember, the one thing the market hates more than anything is uncertainty. And living with the uncertainty of how this powerful industry was going to navigate an all-out - or even partial - trade war was on everyone's mind.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGlobal economies haven't been expanding as quickly as hoped, so spending has slowed. And that meant semiconductor stocks may well be starting their downward cycle.Smaller firms were spared initially, as the big semi firms took the brunt of it. But then the sector suffered. * 7 Stocks to Sell Before They Roll Over This...

Rupee Declines Most in Asia as Moody’s Cuts India Rating Outlook

(Bloomberg) -- India’s rupee declined the most in Asia and sovereign bonds dropped after Moody’s Investors Services lowered the nation’s rating outlook to negative citing growth concerns.The reduction comes at a time when investors have been skeptical about the government meeting its budget targets amid a slowdown in tax revenues and September’s surprise $20 billion tax giveaway for companies.The rupee fell as much as 0.5% to the weakest in three weeks and stocks gave up their early resilience to Moody’s warning in the red in the final hour of the session, thanks to profit-booking after the benchmark index’s recent record closing spree.A change in the rating outlook is the first step toward a downgrade, the action is no reason to exit the nation’s assets, economists and analysts said. Moody’s confirmed what is well known in the markets, and investors saw the move as a catch up, rather than a warning on...