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General Electric Removed from Dow Jones Industrial Average

June 21, 2018Mike DakkakLeave a Comment on General Electric Removed from Dow Jones Industrial Average

General Electric, the global industrial equipment firm, has been removed from the Dow Jones Industrial Average. It had been a part of the index since the Dow’s creation in 1896. With GE’s removal, every original member of the index …

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The Current Migrant Crisis Explained

June 20, 2018June 21, 2018Mike DakkakLeave a Comment on The Current Migrant Crisis Explained

President Trump has signed an executive order directing the Department of Homeland Security to reverse its policy separating young children crossing the U.S. border from their families. According to DHS, some 2,000 children have been separated from their parents and …

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U.S. Withdraws from U.N. Human Rights Council

June 19, 2018Mike DakkakLeave a Comment on U.S. Withdraws from U.N. Human Rights Council

The U.S. announced its withdrawal from the U.N. Human Rights Council this afternoon. The announcement was made by Secretary of State Mike Pompeo and U.S. Ambassador to the U.N. Nikki Haley from State Department headquarters in Washington, D.C.

“We have …

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Elon Musk Warns of Employee Sabotage at Tesla

June 19, 2018June 22, 2018Mike DakkakLeave a Comment on Elon Musk Warns of Employee Sabotage at Tesla

Tesla CEO Elon Musk sent an email to all company employees Sunday night informing them of sabotage done to the firm by a disgruntled employee. A copy of the email was obtained by CNBC.

“I was dismayed to learn …

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Federal Judge Approves AT&T Time Warner Merger

June 19, 2018Mike DakkakLeave a Comment on Federal Judge Approves AT&T Time Warner Merger

A federal judge has OK’d the proposed mega merger between AT&T and Time Warner, clearing the way for the $85 billion deal to go through. The U.S. Justice Department had sued to the prevent the transaction from going through citing …

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Manafort Ordered to Jail

June 17, 2018June 18, 2018Mike DakkakLeave a Comment on Manafort Ordered to Jail

A U.S. federal judge has ordered former Trump campaign manager Paul Manafort to jail while awaiting his trial scheduled to begin in September. U.S. District Judge Amy Berman Jackson revoked Manafort’s bail which had allowed him to live under house …

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Trump Administration Imposes Record Penalties on Chinese ZTE

June 16, 2018Mike DakkakLeave a Comment on Trump Administration Imposes Record Penalties on Chinese ZTE

U.S. Commerce Secretary Wilbur Ross announced fines of over $1.4 billion against ZTE last week in an agreement that would allow the Chinese telecommunications giant to continue purchasing materials critical to its business from U.S. companies.

Under the terms of …

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Third Stolen Columbus Letter Returned to the Vatican

June 14, 2018June 15, 2018Mike DakkakLeave a Comment on Third Stolen Columbus Letter Returned to the Vatican

A third stolen letter written by Christopher Columbus was returned to the Vatican today during a repatriation ceremony at the Vatican Library in Vatican City. The letter had been stolen and later purchased by an art collector for $875,000.…

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Trump Meets Kim in Historic Meeting

June 14, 2018June 14, 2018Mike DakkakLeave a Comment on Trump Meets Kim in Historic Meeting

President Trump and North Korean Leader Kim Jong-Un met for a momentous summit in Singapore yesterday. It was the first ever meeting between a sitting U.S. president and a leader of the isolated nation. The goal, President Trump said, was …

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IKEA to Ban Single-Use Plastic by 2020

June 13, 2018Mike DakkakLeave a Comment on IKEA to Ban Single-Use Plastic by 2020

IKEA has pledged to become climate positive by 2030. In order to achieve the goal, the world wide furniture manufacturer is looking to remove all single-use plastic products from its stores by 2020. That includes cups, utensils, straws, beverage stirrers …

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Tennessee Store Owner Puts “No Gays Allowed” Sign in Window in Wake of Supreme Court Decision

June 12, 2018Mike DakkakLeave a Comment on Tennessee Store Owner Puts “No Gays Allowed” Sign in Window in Wake of Supreme Court Decision

A Tennessee store owner has re-posted as sign that reads “No Gays Allowed” in the front window of his shop in the wake of the Supreme Court’s ruling last week in a case involving a baker who refused to bake …

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War of Words Erupts Between Trump and Canadian Prime Minister

June 11, 2018June 14, 2018Mike DakkakLeave a Comment on War of Words Erupts Between Trump and Canadian Prime Minister

A war of words has erupted between President Trump and his senior advisers and Canadian Prime Minister Justin Trudeau in the wake of comments Trudeau made at the end of the recent G7 summit in Quebec.

“I personally negotiated with …

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Mueller Accuses Manafort of Witness Tampering, Wants Him Sent to Jail

June 11, 2018Mike DakkakLeave a Comment on Mueller Accuses Manafort of Witness Tampering, Wants Him Sent to Jail

Paul Manafort has been indicted once again by a federal grand jury in Washington D.C. on charges of fraud and money laundering. The new indictment also included charges of obstruction of justice.

The indictments were brought by special counsel Robert …

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Howard Schultz Steps Down as Starbucks Chairman

June 9, 2018June 9, 2018Mike DakkakLeave a Comment on Howard Schultz Steps Down as Starbucks Chairman

Starbucks Executive Chairman Howard Schultz announced he will be stepping down from his position on June 26 this week. He will instead become the company’s chairman emeritus. Schultz made the announcement in a memo sent to Starbucks employees on Monday…

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U.S. Official Arrested for Spying for the Chinese

June 9, 2018Mike DakkakLeave a Comment on U.S. Official Arrested for Spying for the Chinese

Ron Rockwell Hansen, 58, was arrested last Saturday on federal charges of attempting to transfer national defense information to the government of China. Hansen is a former U.S. Army Warrant Officer and has been working as a civilian intelligence case …

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The Cities Millennials Are Moving to the Most

June 8, 2018June 8, 2018Mike DakkakLeave a Comment on The Cities Millennials Are Moving to the Most

Seattle, WA, is the top destination for millennials according to the latest report by SmartAsset, a financial technology company that provides financial advice.

According to the study, nearly 30,000 millennials moved to city last year, while just over …

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McConnell Cancels Senate’s August Recess

June 8, 2018Mike DakkakLeave a Comment on McConnell Cancels Senate’s August Recess

Senate Majority Leader Mitch McConnell has cancelled the Senate’s August recess it was announced this week. McConnell said the time was needed to work through a backlog of President Trump’s nominees which McConnell claims Democrats have been slow-walking.

“Due …

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