The Nasdaq Composite (NASDAQINDEX: ^IXIC) index has been leading the stock markets higher through 2020, having set new records on several occasions. Pullbacks for the Nasdaq index haven't been uncommon over the course of the year, as investors have generally been ready to flinch at the first sign of bad news. To get a sense of it, you need to look at the largest and most important companies listed on the Nasdaq Stock Market and see what they have in common.
- Yahoo News
U.S. Rep. Denver Riggleman, R-Va., told the Yahoo News "Skullduggery" podcast that President Trump's supporters claiming voter fraud share a lot in common with the people searching for Bigfoot.
- Yahoo News
David Cohen, who helped spearhead CIA modernization efforts, could be Biden's pick for the agency's post-Trump future
Cohen is reportedly being considered as one of President-elect Joe Biden’s candidates for CIA director amid pushback from human rights experts and progressives opposed to Michael Morell, Biden’s original top choice.
- Associated Press
The leader of a pro-gun group that stages armed protests against police violence has been charged with pointing a rifle at federal officers while in Kentucky for a demonstration. John F. Johnson, who calls himself “Grandmaster Jay,” is facing a federal charge of assaulting task force officers. A complaint filed in federal court in Louisville said Johnson pointed a rifle, which had a flashlight mounted to it, at officers who were on a roof in downtown Louisville on Sept. 4.
- Yahoo News 360
Media reports suggest President Trump is eyeing another bid for the White House in four years. Will Trump 2024 become a reality?
- Yahoo News Video
AG Bill Barr said DOJ found no evidence of voter fraud, and now Trump won't say if he has confidence in him
While speaking to the press in the Oval Office on Thursday, President Trump hedged on saying if he had confidence in Attorney General William Barr. “Ask me that in a number of weeks from now," Trump said. "They should be looking at all this voter fraud.” Barr said in a recent interview that the Justice Department had found no evidence of widespread voter fraud.
Canadian Prime Minister Justin Trudeau on Friday declined to comment on talks between the U.S. Justice Department and lawyers that could lead to the release of a senior Huawei executive who is under house arrest in Vancouver. Trudeau told reporters that his "top priority" was the return of two Canadian citizens being held in China. The two were picked up shortly after Canadian police detained Huawei Technologies Co Ltd's Chief Financial Officer Meng Wanzhou in December 2018 on a U.S. arrest warrant.
- The Week
The Biden-Harris transition team announced Thursday that Vice President-elect Kamala Harris will name Tina Flournoy to be her chief of staff, and add Rohini Kosoglu as domestic policy adviser and Nancy McEldowney as national security adviser. All three women will bring years of Washington experience to their jobs, and add to Harris' so far all-women team.Flournoy has decades of political experience, starting as an adviser to Rev. Jesse Jackson's presidential campaign in the 1988 along with Donna Brazile and other Black women. Flournoy was later chief of staff to former President Bill Clinton, and held leading roles in Al Gore's presidential campaign, the 1992 Clinton transition, the Democratic National Convention, and more. Kosoglu has meanwhile been Harris' chief of staff on the Senate and in her presidential campaign. McEldowney has years of foreign policy experience, including as ambassador to Bulgaria during the George W. Bush administration.Harris earlier this week named Symone Sanders and Ashley Etienne, both Black women, to lead her communications team. Sanders was a top adviser to President-elect Joe Biden on the campaign trail, while Etienne advised both former President Barack Obama and House Speaker Nancy Pelosi (D-Calif.).More stories from theweek.com What Trump is doing isn't politics. It's something much worse. The Donald goes down to Georgia 5 absurdly funny cartoons about Trump's desperate fraud claims
- Associated Press
The European Union’s aviation safety agency has extended a ban imposed on Pakistan's state-run airline this year barring it from flying to Europe after a plane crash that killed 97 people in the port city of Karachi, a spokesman said Friday. At the time — and while the probe into the May 22 Airbus A320 crash was still underway — authorities acknowledged that nearly a third of Pakistani pilots, 260 out of 860, had cheated on their pilot’s exams. Pakistan International Airlines subsequently grounded 150 of its pilots while a probe by the country’s Civil Aviation Authority into the other pilots is still ongoing.
He is the first to be arrested under a controversial anti-conversion law passed last month.
- Business Insider
President-elect Joe Biden's coronavirus team met with Dr. Anthony Fauci for the first time Thursday.
Russia protested on Friday after Latvia charged several journalists from the Rossiya Segodnya news agency with violating European Union sanctions. The journalists were charged because of their association with Dmitry Kiselyov, who heads Rossiya Segodnya, said Sputnik Latvia, a subsidiary of Rossiya Segodnya. The Kremlin media mogul was sanctioned by the EU for his role in Russia's seizure of the Crimea peninsula from Ukraine in 2014.
- The Week
There appears to be growing support among Senate Republicans for a bipartisan coronavirus relief bill introduced earlier this week, reports The Washington Post.The $908 billion package — championed by moderate Sens. Mitt Romney (R-Utah), Susan Collins (D-Maine), and Joe Manchin (D-W.V.) — is in between what Democratic leadership is pushing for and what Senate Majority Leader Mitch McConnell (R-Ky.) has suggested. The moderates suggested an unemployment boost and money for state governments, but no stimulus checks.While McConnell on Thursday continued to resist the bipartisan bill, pushing instead for his version, which the White House has endorsed, other Republican senators got on board with the package. Sens. Joni Ernst (R-Iowa), Charles E. Grassley (R-Iowa), Lindsey Graham (R-S.C.), John Cornyn (R-Tex.), and Kevin Cramer (R-N.D.) signaled they were open to the bipartisan bill.Democratic leaders said they believed the $908 billion package should be the basis for negotiations. Several Republicans echoed that, saying it wasn't exactly what they wanted but it made for a good starting point.McConnell didn't comment directly on the bipartisan proposal, but instead urged lawmakers to pull the trigger on his version, which he called "a serious and highly targeted relief proposal including elements which we know the president is ready and willing to sign into law."More stories from theweek.com What Trump is doing isn't politics. It's something much worse. The Donald goes down to Georgia 5 absurdly funny cartoons about Trump's desperate fraud claims
- Associated Press
Israeli police said Friday they arrested a Jewish man after he poured out a “flammable liquid” inside a church near Jerusalem’s Old City, in what they described as a “criminal” incident. The police did not provide further details about the motive, but past attacks on churches in the Holy Land have been blamed on Jewish extremists. Friday’s incident took place at the Church of All Nations, a Catholic church built on the traditional site of the Garden of Gethsemane, where Christians believe Jesus was betrayed by Judas, one of his followers, and arrested by the Romans before being crucified.
Japanese Prime Minister Yoshihide Suga defended on Friday a travel subsidy campaign that some medical groups and experts say has fuelled a third wave of coronavirus cases, and said he would finalise the size of an economic stimulus package next week. Opinion polls show Suga's approval ratings have dipped, with many people unhappy with his handling of the pandemic since he became prime minister in September, after his predecessor, Shinzo Abe, stepped down because of ill health. Giving his first news conference since a surge in coronavirus cases last month, Suga said the "Go To Travel" campaign to revive domestic tourism was designed to help small businesses in the hospitality sector get through tough times.
- Associated Press
The Army Corps of Engineers reversed course on an Obama-era proposal to charge for water drawn from reservoirs the Corps manages, North Dakota’s attorney general said Friday. Attorneys general from a dozen Western and Plains states sent a letter last year to the Trump administration asking that the proposal be withdrawn. Republican North Dakota Attorney General Wayne Stenehjem headed the effort, which was backed by attorneys general from Alaska, Arizona, Colorado, Idaho, Montana, New Mexico, Oregon, South Dakota, Utah, Washington and Wyoming.
- The Week
President-elect Joe Biden said when it comes to the Department of Justice, he is "not going to be telling them what they have to do and don't have to do."Biden and Vice President-elect Kamala Harris were interviewed by CNN's Jake Tapper on Thursday, and the discussion turned to reports that President Trump is contemplating preemptively pardoning his adult children, son-in-law Jared Kushner, and personal lawyer Rudy Giuliani. Biden said this "concerns me in terms of what kind of precedent it sets and how the rest of the world looks [at] us as a nation of laws and justice."Biden promised that he is "not going to be saying, 'Go prosecute A, B, or C,' I'm not going to be telling them. That's not the role, it's not my Justice Department, it's the people's Justice Department. So the persons or person I pick to run that department are going to be people who are going to have the independent capacity to decide who gets prosecuted, who doesn't."Harris, who once served as California's attorney general, added that the administration will assume that "any decision coming out of the Justice Department ... should be based on the law, it should not be influence by politics, period."More stories from theweek.com What Trump is doing isn't politics. It's something much worse. The Donald goes down to Georgia 5 absurdly funny cartoons about Trump's desperate fraud claims
- The Daily Beast
While Kyle Rittenhouse awaits trial for killing two people at a Kenosha, Wisconsin, Black Lives Matter protest this summer, his lawyers are in prosecutors’ crosshairs.From the start of the high-profile case, Rittenhouse’s lawyers have attracted nearly as much attention as he has. Now, the 17-year-old’s main lawyer, John Pierce, is off the case, after prosecutors argued that fundraisers for Rittenhouse could act as a “slush fund” for the embattled attorney. Another prominent attorney who has associated himself with Rittenhouse, Lin Wood, also appears to have pivoted away from the case in order to focus his efforts on overturning President Donald Trump’s 2020 election loss.Rittenhouse was charged with reckless homicide after he fatally shot two people and wounded a third person at the August protest. He has pleaded not guilty and says he acted in self-defense.The Lawyer Raising Money for Kyle Rittenhouse Nearly Sank His Own Law FirmPierce and Wood emerged as Rittenhouse champions shortly after his arrest. Earlier this year, the pair had banded together to launch the “FightBack” foundation, an organization with a nebulous set of missions, many of them apparently litigating right-wing grievances with the media. Some of the foundation’s funds were redirected to Pierce’s own law firm.FightBack’s launch came at a fortunate moment for Pierce. The law firm he leads has been sued by at least four payday lenders and one legal services company this year, all of them alleging unpaid bills, The Daily Beast previously reported. In April, another lender accused the firm of owing them $65 million. The debts, plus an unspecified rehab stint for Pierce earlier this year, aligned with a recent exodus of more than 60 lawyers from Pierce’s firm.Pierce and Wood advertised the FightBack foundation as a way for Rittenhouse’s fans—of which there are many on the right—to donate money to his defense. But in a Thursday court appearance, prosecutors argued that the money stream could act as a “slush fund” to pay off Pierce’s debts.Pierce had no income and monthly expenses of $49,481, prosecutors alleged in a motion. He was also approximately $1.2 million in debt and was being sued for allegedly violating the rental agreement on his $1.3 million home.“This creates a potential conflict of interest for attorney Pierce,” the motion read, as reported by The Chicago Tribune. “Given his own substantial personal debts, his involvement with an unregulated and opaque ‘slush fund’ provides ample opportunity for self-dealing and fraud. The more that the Foundation raises in donations, the more he may personally benefit. Money that should be held in trust for the defendant may instead be used to repay attorney Pierce’s numerous creditors.”Pierce denied those allegations in an email to The Daily Beast. “The allegations you reference are ludicrous,” he wrote. “All of the funds are controlled by Kyle’s mother Wendy. In addition, I have no affiliation whatsoever with that foundation.” (In fact, Pierce was affiliated with FightBack until September, when he stepped down the day after a Daily Beast report revealing its contributions to his law firm.)Prosecutors also claimed Pierce had broken rules about attorney conduct, accusing him of potentially influencing future jurors with complaints about the district attorney overseeing the case. On Twitter, Pierce stoked ire against District Attorney Michael Graveley, claiming he was “in active (and weirdly familiar) texting communication with main BLM activist for six weeks prior to, during and after the riots.”This Gun Coffee Brand Was MAGA Royalty. Then It Turned on Kyle Rittenhouse. Pierce and another Rittenhouse defense attorney, Andrew Calderon, announced Thursday that they would withdraw from the case, shortly after prosecutors filed motions to disqualify them.Pierce told The Daily Beast that the withdrawal “was always the plan.”“Now that we have successfully gotten Kyle bailed out and have built an amazing criminal defense team in Wisconsin,” he said, “I am turning my attention to the massive tasks of preparing Kyle’s defamation and other civil claims as well as orchestrating our new fundraising efforts to ensure we have the resources to get through trial.”Those fundraising efforts might be in flux, however, as the FightBack foundation turns its attention from Rittenhouse and toward overturning Trump’s 2020 loss.“For the foreseeable future, FightBack will be focusing on exposing fraud in the November 3 election,” Wood tweeted last week. (He is currently involved in long-shot lawsuits challenging the election results, and peddled false voter fraud theories in a press conference this week.) “Going forward, anyone who wishes to make donations for Kyle should contact his criminal defense attorney, John Pierce.”Neither Wood nor Pierce answered questions on Friday about Pierce’s relationship with fundraising now that he is no longer Rittenhouse’s attorney.Wood’s tweet also signaled that he was pulling away from Rittenhouse’s case. “Lin has withdrawn from representing Kyle,” Pierce confirmed to The Daily Beast.Because Wood, who mostly handles defamation cases, was never officially Rittenhouse’s criminal attorney, his exact relationship with Rittenhouse’s legal team is unclear.“I am not and have never been a criminal lawyer for Kyle. I am a civil trial lawyer,” Wood told The Daily Beast. He added that Pierce was no longer associated with FightBack, which prosecutors had argued was a potential Pierce slush fund.“John Pierce is not affiliated with my foundation,” Wood said. “I understand Mark Richards is the criminal lawyer for Kyle in Wisconsin.”Richards, a Racine, Michigan, defense attorney confirmed that neither of the other two lawyers was representing Rittenhouse in the homicide case.“I am representing Kyle in th criminal matter atty’s pierce & wood are not,” he wrote The Daily Beast in an email. “We are very thankful for all the support from both individuals, the foundation & the prople who have donated.” [sic]Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
Iran plans to install hundreds more advanced uranium-enriching centrifuges at an underground plant in breach of its deal with major powers, a U.N. nuclear watchdog report showed on Friday, a move that will raise pressure on U.S. President-elect Joe Biden. The confidential International Atomic Energy Agency report obtained by Reuters said Iran plans to install three more cascades, or clusters, of advanced IR-2m centrifuges in the underground plant at Natanz, which was apparently built to withstand aerial bombardment.
- Associated Press
The Tennessee Supreme Court on Thursday indefinitely postponed the execution of death row inmate Byron Black. Black was convicted by a Nashville court of murdering his girlfriend Angela Clay and her daughters Latoya, 9, and Lakesha, 6, at their home in 1988. Black’s lead attorney, Kelley Henry, filed the petition for a second delay last month after contracting COVID-19 during a visit to a federal prisoner she is representing in Texas.
- The Telegraph
Michel Barnier is accustomed to being universally praised on his regular tours of the EU's capitals to preach the gospel against Brexit. On Tuesday, he was in the unfamiliar position of coming under friendly fire for the first time in three years as the EU's chief negotiator. It was an uncomfortable moment for Mr Barnier, who was headquartered at the Hotel Conrad in Westminster and is enmeshed in intensive Brexit negotiations with his UK counterpart David Frost. Expectation had been building that a trade agreement with Britain was close and a damaging no deal avoided. A fitting legacy for a politician who had dedicated decades of service to the EU was in Mr Barnier's grasp. He was far from the poisonous briefings in Brussels that were going on behind his back – but bad news travels fast. The chief negotiator was going soft on Britain, EU diplomats in the Belgian capital sniped. He risked giving too much away.