Author: Rick Romell

Rick is working as a part-time journalist and Senior writer for Business Assent. He is a business reporter with the Milwaukee Journal Sentinel. He covers retail, general business news, transportation systems, and local economies. He is a content management professional with experience in journalism, social media, marketing, communication, and public relations.
Markets ‘need to chill’ because the Fed may not be done with rate cuts, says economist

Markets ‘need to chill’ because the Fed may not be done with rate cuts, says economist

Market
The underlying message by the Federal Reserve — after it cut interest rates on Wednesday — may not be as hawkish as many investors had interpreted it to be, according to the chief economist of Institute of International Finance. Stocks in the U.S. fell after Fed Chairman Jerome Powell suggested policymakers were not embarking on a new cycle of rate cutting. The 25 basis points cut on Wednesday marked the central bank’s first policy easing in more than a decade. But Robin Brooks, managing director and chief economist of IIF, suggested that the central bank may not be done with cutting rates. “I think the midcycle adjustment language that Chairman Powell used is important, ” Brooks pointed out. “The midcycle adjustments that we saw in ’95 and ’98 were 75 basis points each — so three
Regulators Found High Risk of Emergency After First Boeing MAX Crash

Regulators Found High Risk of Emergency After First Boeing MAX Crash

World News
An internal risk analysis after the first of two Boeing 737 MAX airliner crashes showed the likelihood was high of a similar cockpit emergency within months, according to a Federal Aviation Administration official familiar with the details and others briefed on the matter. The regulator’s analysis, not previously reported, showed that it “didn’t take that much” for a malfunction like the one confronted by the pilots of the Lion Air flight that crashed into the Java Sea last year to occur, one of the people briefed on the analysis said. Based on the findings, the regulator decided it was sufficient to inform pilots about the hazards of an onboard sensor malfunction that led to a flight-control system pushing down the plane’s nose. The belief was that if pilots were aware of the risk a
Mueller’s Next Testimony will be Targeted at Exposing all Trump’s Alleged Crimes

Mueller’s Next Testimony will be Targeted at Exposing all Trump’s Alleged Crimes

Politics
The Mueller investigation may have been concluded but Democrats are still struggling to find loopholes in the findings that will expose the alleged crimes of the President, Donald Trump. According to the latest report on CNN, Democrats have devised a new plan that would finally reveal the alleged crimes of Trump. The Democrats have already prepared targeted questions for Mueller that will focus on five aspects of the report that will change the public's perception of Trump’s alleged crimes. Democrats Device New Plan Against Trump The Democrats intend to focus on certain actions of Trump including his attempts to fire the special counsel and intimidate witnesses. They will also ask questions related to Trump's contacts in Russia. Rather than focus on every part of the investigation, the
Global Warming to Intensify With Heat Temperature Reaching Higher Highs in the United States

Global Warming to Intensify With Heat Temperature Reaching Higher Highs in the United States

World News
The effects of climate change are intensifying as time passes. Irrespective of the measures that several governmental and non-governmental organizations have put in place to save the environment from global warming, things are going to get worse if more advanced measures aren't put in place. Some cities within the United States are already experiencing extreme heatwaves. However, the study revealed that the current temperatures are friendly when compared to what the future would bring. Global Warming To Break Heat Index According to a study on global warming, the heat temperature in some parts of the United States is forecasted to intensify to the extent of breaking the heat index. The study revealed that by 2050, some cities in the United States will have heat indexes as high as 100...
Trump to Begin Immigration Raids this Sunday with Special Attention on Criminals

Trump to Begin Immigration Raids this Sunday with Special Attention on Criminals

Politics
During his campaign, one of Trump's primary promises was to get rid of as many illegal immigrants as possible. Since he took power, he has been making moves to fulfill this campaign promise. On Friday, the President said that border agents will take to selected residential areas and fish out illegal immigrants from door to door. This raid is going to start on Sunday, July 14th.  Trump's Door To Door Raid Scheduled To Start Tomorrow While Trump is certain that his door to door raids will be beneficial to the American people by reducing the incidence of crime caused by illegal immigrants, many of his opponents believe the raids are unnecessary. They say that these raids will only ensnare innocent immigrants who are living peacefully in the country and those who may have missed court date
JP Morgan in Scandal as United States Authorities Seize 20 Tons of Cocaine from Company-funded Ship

JP Morgan in Scandal as United States Authorities Seize 20 Tons of Cocaine from Company-funded Ship

Finance
According to reports on Business Insider, the United States authorities have confiscated $1 billion worth of Cocaine from a ship owned by JP Morgan's asset management arm. This is one of the largest drug busts in the United State's history and it has put the reputation of the legacy firm in murky waters. The cocaine is equivalent to about 20 tons. U.S Authorities Find 20 Tons Of Cocaine In JPMorgan-owned Ship As the ship arrived in Philadelphia in the Packer Marine Terminal on the 17th of June, it was intercepted and the cocaine, which has a market value of $1.3 billion was seized. While the ship is operated by a Switzerland-based firm, it is financed by a transportation strategy fund by JP Morgan's asset management arm. All the crew members have been arrested. They will be prosec...
United States Stock Takes a Dip as Treasures and Futures Decline

United States Stock Takes a Dip as Treasures and Futures Decline

Market
Last week, the United States stock market enjoyed a rally with most assets recording higher highs. However, things were different this Monday as stock futures in the United States and Europe fell. At the same time, Asian assets took a hit. The only good news was that the USD grew stronger for the third day in a trading row.  The United States And Global Stock Market Takes A Hit On Monday The downtrend started after BASF SE sent a public notice of a slash in its 2019 price forecast. The company cited trade conflicts as the reason for the expected drop. As soon as the announcement was made, auto and chemical manufacturers started to experience a decline in stocks in the Europe 600 index. As this happened, the S&P 500 also experienced a decline for the third time in a row. The poor pe
Samsung Q2 Profit Down by 56% and Huawei Might be Behind the Drop

Samsung Q2 Profit Down by 56% and Huawei Might be Behind the Drop

Tech & Science
Samsung is among the top electronics giant in the world. Over the years, the tech company has been only been rivaled by other giants like Apple and Google. However, the Chinese tech giant Huawei, is another strong rival and analysts have suggested that this company is given less attention than it deserves as it may be responsible for the cut in Samsung's Q2 profit.  Samsung Profit Down By 56%, Could Huawei Be Responsible? Today, Samsung released a guidance report which revealed that the company is expecting its profit to drop by at least 4% by the end of the year. It also stated that the profit for Q2 is down by more than 56% from one year ago. According to reports on The Verge, this is going to be the first time the company is recording such a huge loss since the third quarter of 2016
Trump Gets Backlash for Making a Mistake During 4th of July Speech

Trump Gets Backlash for Making a Mistake During 4th of July Speech

Politics
Yesterday, Thursday, July 4th, Americans around the country gathered in celebration of countries independence from Britain as they have every year since 1776. Every year, the President gives a speech to mark the declaration of independence and inspire the American people. This year, President Trump gave a speech like the Presidents before him. However, he has been getting a lot of backlashes because he mixed his facts and made a mistake in his speech. Trump Makes Mistake in Independence Day Speech As Trump gave his speech on Lincoln Memorial, the audience cheered in agreement when he referred to America as "the most exceptional nation in the world's history". However, as the President talked about the American Revolution, he mentioned airports even if there were no airports in the 18...
Turkey May Still be removed from the F-35 Program despite Reassurance from President

Turkey May Still be removed from the F-35 Program despite Reassurance from President

World News
According to reports on Reuters, the United States government is going to impose sanctions on Turkey and remove the country from its F-35 fighter jet program if the letter goes ahead with its previous plans to purchase Russia's air defense system. During the G-20 summit, the President of Turkey, Tayyip Erdogan, said that his country will not need to endure damaging sanctions from the United States as soon as the S-400 air defense system, which is powered by Russia, reaches Turkey. Turkey May Face Damaging Sanctions From The United States While Trump didn't admit to imposing sanctions on Turkey to reporters, one of the White House officials said that the sanctions will most likely be imposed and the country will be pulled out of the F-35 fighter jet program as long as it takes the air...