.By Mary Clare Jalonick and Eric Tucker
Sen. Richard Burr, R-N.C., stepped aside as chairman of the Senate Intelligence Committee on Thursday after the FBI served a search warrant for his phone as part of an ongoing insider-trading investigation tied to the coronavirus pandemic.
Senate Majority Leader Mitch McConnell announced the move, saying he and Burr had agreed it was in the Senate's best interests.
FBI officials showed up at Burr's home with the warrant on Wednesday, marking a significant escalation into the Justice Department's investigation into whether Burr broke the law with a well-timed sale of stocks before the coronavirus caused markets to plummet,
The Justice Department declined to comment. His attorney did not respond to phone and email messages, but said last month that the law is clear that any senator can participate in stock market trading based on public information "as Sen. Burr did."
The Missouri congressman and former Kansas City mayor said that Harley-Davidson's decision to move some of its motorcycle production abroad is just the first sign of a slowdown in the American economy and that President Trump's tariffs are to blame.
Instagram is now estimated at over $100 billion in value. Venmo rolls out an actual plastic debit card with Mastercard. The FDA approves its first marijuana-derived medication. The newest member of the Bush family is Sully the service dog. The yellow lab has been assigned to President George H.W. Bush, who is 94, and recovering from recent hospitalizations.
A UK court ruled that the company had made "substantial changes" to how it runs its business and is now "fit and proper" to operate in one of its largest markets. The court renewed Uber's license for 15 months, subject to strict conditions. London's transport authority refused to renew Uber's license in September, citing its working conditions and lack of strong safety measures.
Though FAANG stocks hit an all-time high last week, their gains could be undermined by the Trump administration's trade stand-off with China that could soon widen into the technology sector, says Jason Ware, chief investment officer at Albion Financial Group.
The country's highest court on Tuesday ruled in favor of the travel ban the Trump administration attempted to implement last year. The court rejected the argument that the policy exceeded the president's authority and that it discriminated against Muslims.
Letting women drive will make them "good workers and consumers," says Hiba Zayadin, the acting Saudi researcher at Human Rights Watch. But "the power structures and systems that keep women as second-class citizens" remain prevalent., she tells Cheddar.
Police shootings have persisted in America for the last several decades but now personal video footage is holding officers accountable, says O'Donnell. The MSNBC host is re-publishing his book "Deadly Force" that chronicles the 1975 police shooting of an unarmed black man that was criticized as "basically a murder".
The president's consistent attacks on media outlets like CNN is "very, very good for business." But Trump has avoided directing his wrath at MSNBC since taking the White House, because the network "is much higher rated" and "he would prefer people to watch CNN," which features many pro-Trump speakers, says O'Donnell.
The MSNBC host explains what happened leading up to the moment when his co-worker, Rachel Maddow, broke down in tears on air while covering the border crisis. O'Donnell tells Cheddar that if he had to report the story on tender age shelters, he might have cried too.
Markets plunged on Monday as President Trump escalated already-tense trade relations with China and investors saw the first sign of American manufacturers feeling the impact of the Trump administration’s increasingly protectionist stance.
