• Dow drops 200 points as White House chaos continues

    3 monthes ago - By Business Insider

    Stocks fell Tuesday after President Donald Trump unexpectedly blocked the Broadcom-Qualcomm merger and ousted Secretary of State Rex Tillerson.
    GE was the worst Dow Jones component, followed by Microsoft.
    The Dow Jones industrial average dropped nearly 200 points, or 0.62%, Tuesday as Wall Street processed President Donald Trump's blocking of Broadcom's proposed takeover of a US competitor and a surprise change of the US' top diplomat.
    The S&P 500 fell 0.64% while the Nasdaq lost 1.03%.
    The White House issued a highly unusual executive order blocking Broadcom's $117 billion offer to buy...
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  • Dow drops 200 points as White House chaos continues

    Dow drops 200 points as White House chaos continues

    3 monthes ago - By Business Insider

    Stocks fell Tuesday after President Donald Trump unexpectedly blocked the Broadcom-Qualcomm merger and ousted Secretary of State Rex Tillerson.
    GE was the worst Dow Jones component, followed by Microsoft.
    The Dow Jones industrial average dropped nearly 200 points, or 0.68%, Tuesday as Wall Street processed President Donald Trump's blocking of Broadcom's proposed takeover of a US competitor and a surprise change of the US' top diplomat.
    The S&P 500 fell 0.64% while the Nasdaq lost 1.02%.
    The White House issued a highly unusual executive order blocking Broadcom's $117 billion offer to buy...
    Read more ...

     

  • Dow drops 200 points as White House chaos continues

    Dow drops 200 points as White House chaos continues

    3 monthes ago - By Business Insider

    Stocks fell on Tuesday after President Trump unexpectedly blocked the Broadcom-Qualcomm merger as well as ousted Secretary of State Rex Tillerson.
    GE was the worst Dow Jones component, followed by Microsoft.
    The Dow Jones industrial average dropped nearly 200 points Tuesday, ending the day at 25,007, as Wall Street processed a surprise change of the US' top diplomat and President Donald Trump's blocking of Broadcom's proposed takeover of a US competitor.
    The S&P 500 ended the day down 0.64% while the Nasdaq 100 lost 1.22%.
    The White House issued a highly unusual executive order blocking...
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  • Tillerson speaks for first time on firing in surreal scene from State Department, refuses to thank Trump

    Tillerson speaks for first time on firing in surreal scene from State Department, refuses to thank Trump

    3 monthes ago - By Business Insider

    Former Secretary of State Rex Tillerson made a statement about his abrupt firing Tuesday afternoon at the State Department.
    Tillerson thanked his colleagues, the armed forces, and other federal agencies for their work - but he did not thank President Donald Trump at any point during the address.
    The White House and those close to Tillerson have given conflicting accounts of the timing of his ouster.
    The Associated Press reported that chief of staff John Kelly told Tillerson on Friday that he should expect to see a presidential tweet about him sometime soon, but did not give more...
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  • With Tillerson gone, the first member of an infamous 'suicide pact' has left the White House

    With Tillerson gone, the first member of an infamous 'suicide pact' has left the White House

    3 monthes ago - By Chron

    Reuters
    President Donald Trump fired Secretary of State Rex Tillerson on Tuesday.
    Tillerson was reportedly part of a "suicide pact" with fellow Cabinet members Jim Mattis and Steven Mnuchin.
    With President Donald Trump giving Secretary of State Rex Tillerson the boot on Tuesday, the first member of an infamous "suicide pact" has left the White House.
    In October 2017, BuzzFeed News reported that Defense Secretary Jim Mattis, Treasury Secretary Steven Mnuchin, and Tillerson had forged a "suicide pact," whereby all three agreed to leave if Trump fired one of them.
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  • 'Rex, eat the salad': Trump once found a creative way to humiliate Tillerson

    'Rex, eat the salad': Trump once found a creative way to humiliate Tillerson

    3 monthes ago - By Business Insider

    President Donald Trump fired Secretary of State Rex Tillerson with a tweet on Tuesday.
    The president reportedly humiliated Tillerson in November 2017 by making him eat a wilted Caesar salad served in China.
    President Donald Trump reportedly found himself stuck between a rock and a hard place during a five-country tour of Asia last November: eating a salad or offending the Chinese.
    So he passed the buck to now-outgoing Secretary of State Rex Tillerson.
    Trump, Tillerson, and other US officials were being served wilted Caesar salad in China's Great Hall of the People when the incident...
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  • Wall Street Seems Little Concerned by Rex Tillerson's Ouster. But Here's Why It Should Be

    3 monthes ago - By Fortune

    Wall Street may not be reacting much now to news of President Donald Trump firing Secretary of State Rex Tillerson in favor of Director of the CIA Mike Pompeo. But the ouster has left potholes in the pathway of the administration as it seeks to tackle its tenuous relationship with countries including Iran and North Korea.
    “In my opinion, many in the markets are becoming inured to the turmoil and turnover in Trump's White House,” said David Kotok of Cumberland Advisors. Moreover. he notes, the fundamentals underlying the stock market remain unchanged. “Does it impact earnings? The answer...
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  • Donald Trump Fires Rex Tillerson As Secretary of State

    Donald Trump Fires Rex Tillerson As Secretary of State

    3 monthes ago - By Business 2 Community

    Flickr
    Another top official has been ousted from the Trump administration. President Donald Trump announced Tuesday that Rex Tillerson was fired as secretary of state-and replaced by CIA Director Mike Pompeo.
    Trump revealed on Twitter that Tillerson had been removed from his role. “Mike Pompeo, Director of the CIA, will become our new Secretary of State,” the president tweeted Tuesday morning. “He will do a fantastic job! Thank you to Rex Tillerson for his service! Gina Haspel will become the new Director of the CIA, and the first woman so chosen. Congratulations to all!” The Washington...
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