WASHINGTON -- Senior White House adviser Kellyanne Conway drew sharp criticism from a top Republican lawmaker and complaints on Thursday, Feb. 9, over the ethics of using her position to promote product lines of President Donald Trump's daughter Ivanka, a day after he attacked a retailer for dropping them. Federal ethics rules prohibit executive branch employees from using their positions to endorse products or for the private gain of friends. The law does not apply to the president.
Facebook said it would provide information about ads displayed on its platform for an audit, months after the social network admitted to overstating key ad metrics. The audit by media regulator Media Rating Council (MRC) will likely provide more clarity to advertisers. Facebook said in September that a metric for average user time on videos was artificially inflated as it only counted videos viewed for over three seconds.
SAN FRANCISCO — A U.S. federal appeals court on Thursday unanimously upheld a suspension of President Donald Trump's order that restricted travel from seven Muslim-majority countries. The 9th U.S. Circuit Court of Appeals ruling came in a challenge to Trump's order filed by the states of Washington and Minnesota. The U.S. Supreme Court will likely determine the case's final outcome.
BOSTON/NEW YORK -- The fiercest snowstorm of the winter slammed the northeastern United States on Thursday, Feb. 9, leaving a foot of snow in places, canceling thousands of flights and shutting down schools. At least two deaths were blamed on the storm. The storm, which came a day after temperatures had been a spring-like 50 to 60 degrees, had wind gusts up to 50 mph and left roads and sidewalks dangerously slick in densely populated cities such as New York, Boston and Hartford, Conn.
Highlights of the day for U.S. President Donald Trump's administration on Thursday: TAXES Trump says he will make a major tax announcement in a few weeks, and the dollar surges after his remarks, despite signals from Congress that the timeline for tax reform is slipping.
WASHINGTON - President Donald Trump on Thursday, Feb. 9, said he would make a major tax announcement in a few weeks, and the dollar surged after his remarks, despite signals from Congress that the timeline for tax reform was slipping. "Lowering the overall tax burden on American business is big league. That's coming along very well. We're way ahead of schedule," Trump said during a White House meeting with airline industry executives.
Alabama Gov. Robert Bentley on Thursday, Feb. 9, appointed his state's attorney general to fill the U.S. Senate seat vacated by Republican Jeff Sessions' confirmation as the next attorney general of the United States.
WASHINGTON, Feb 8 - The U.S. Army Corps of Engineers said it had granted on Wednesday an easement to Dakota Access LLC to allow the installation of a light crude oil pipeline under federal lands managed by the Corps at the Oahe Reservoir. The easement is the final permit needed for the controversial Dakota Access oil pipeline after an order from President Donald Trump to expedite the project despite opposition from Native American tribes and climate activists.
The S&P 500 ended slightly higher on Wednesday, Feb. 8, as investors digested mixed earnings reports, while the Dow Jones Industrial Average slipped as bank stocks weighed. The Nasdaq gained moderately to close at a record high for a second straight day, lifted by big tech names such as Facebook and Apple. Allergan shares rose 3.7 percent after the drugmaker's fourth-quarter profit and revenue topped estimates. Gilead Sciences shares tumbled 8.6 percent and were the biggest drag on the benchmark S&P after the biotech company's weak forecast for its hepatitis C medicines.
WASHINGTON - A U.S. District Court judge on Wednesday, Feb. 8, upheld the Labor Department's controversial "fiduciary" rule governing retirement investment advice, in a stunning defeat for the business and financial services groups that had sought to overturn it.