The Nobel Prize for economics has been awarded to Robert E Hall and Michael Woodford, for their work on the "microeconomic foundations of macroeconomic stabilisation". read more
The Saudi General Authority of Civil Aviation said in a statement that today's attack on King Khalid international airport in Riyadh "resulted in injuries" but did not specify how many. The statement said that an "assessment of the damage and verification of the safety of the facilities is ongoing". Earlier on Sunday, an "unidentified projectile" hit Riyadh's international airport, the same site targeted in Saturday's strike which injured hundreds of people and killed 12. Minutes earlier, Yemen's Houthis claimed responsibility for the attack.
Mortgage rates rose for the seventh straight week, mortgage buyer Freddie Mac said Thursday. read more
The average 30-year fixed-rate mortgage leaped to 7.03% on Thursday, according to the Federal Home Loan Mortgage Corp., which also goes by Freddie Mac. read more
Donald Trump disclosed, in a filing released Tuesday, more than 1,100 securities transactions made on his behalf in July, including sales of as much as $25 million each of Microsoft and Amazon shares, as his sprawling investment portfolio underwent another month of heavy trading. read more
Trump Uses Shylock' Term Again - A Year After Claiming He Didn't Know It Was Antisemitic
President Donald Trump once again used the term "Shylock," widely considered antisemitic, while defending Sen. Roger Marshall, R-Kan., at a campaign rally in Kansas on Monday night, more than a year after he faced widespread criticism for his use of the term and claimed he was unaware that the term had antisemitic connotations.
Trump previously faced criticism over the term "Shylock" in July last year at a campaign rally in Iowa, where he was touting his domestic policy bill. He said "Think of that: no death tax, no estate tax, no going to the banks and borrowings from in some cases a fine banker. And in some cases, Shylocks and bad people." The use of the term drew immediate pushback, and the Anti-Defamation League issued a statement saying it "evokes a centuries-old antisemitic trope about Jews and greed that is extremely offensive and dangerous," and added: "President Trump's use of the term is very troubling and irresponsible." The term originates from William Shakespeare's play "The Merchant of Venice," which features a character named "Shylock" who is a Jewish money lender.
When asked about his use of the term, which Jewish groups say is antisemitic, Trump told reporters: "I've never heard it that way. To me, Shylock is somebody that's a money lender at high rates ... You view it differently than me. I've never heard that."
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Whistling past the elephants' graveyard.