Cuomo tells Republicans to ‘stop abusing’ states like New York and New Jersey hit hardest by coronavirus


Governor of New York Andrew Cuomo shows his masks during a press conference at the New York Stock Exchange (NYSE) on May 26, 2020 at Wall Street in New York City.

Johannes Eisele | AFP | Getty Images

New York Gov. Andrew Cuomo told Republican lawmakers on Wednesday to “stop abusing” states that have born the brunt of the coronavirus outbreak and are in need of federal aid.  

New York is facing a $13.3 billion revenue shortfall from the state’s response to the Covid-19 outbreak that has left a record number of people unemployed and businesses shuttered for almost two

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Johnson & Johnson to stop selling talc baby powder in U.S. and Canada


(Reuters) – Johnson & Johnson will stop selling its talc Baby Powder in the United States and Canada, it announced on Tuesday, saying demand had fallen in the wake of what it called “misinformation” about the product’s safety amid a barrage of legal challenges.

J&J faces more than 19,000 lawsuits from consumers and their survivors claiming its talc products caused cancer due to contamination with asbestos, a known carcinogen. Many are pending before a U.S. district judge in New Jersey.

“I wish my mother could be here to see this day,” said Crystal Deckard, whose mother Darlene Coker alleged Baby

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China asks United States to stop ‘unreasonable suppression’ of Huawei


FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly Song/File Photo

BEIJING/HONG KONG (Reuters) – China’s foreign ministry said on Saturday the United States needed to stop the “unreasonable suppression” of Chinese companies like Huawei, and a Chinese newspaper said the government was ready to retaliate against Washington.

The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment company Huawei Technologies [HWT.UL], spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment.

China will firmly defend its companies’

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SEC rule requires brokers to stop calling themselves advisors


Many financial advisors may soon have to start calling themselves something else.

Some financial and wealth advisors will have to ditch the term “advisor” in their marketing, according to a federal rule that takes effect next month.

The rule, known as Regulation Best Interest, and issued by the SEC, aims to reduce investors’ confusion around professionals who help manage their personal finances.

Investor advocates, however, believe the action will be ineffective and further muddy the waters.  

Broker vs. financial advisor

The issue concerns the difference between brokers and financial advisors.

Brokers conduct transactions such as stock trades for their

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