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Full text of Justice Kennedy’s letter to President Trump

Below is the text of the letter Justice Anthony Kennedy sent to President Donald Trump announcing his retirement from the U.S. Supreme Court. This letter is a respectful and formal notification of my decision, effective July 31 of this year, to end my regular active status as an Associate Justice of the Supreme Court, while continuing to serve in a senior status, as provided in 28 U.S.C 371 (b). Please permit me by this letter to express my profound gratitude for having had the privilege to seek in each case how best to know, interpret, and defend the …read more […]

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Intel Blows Keep Coming as Apple Modem Contract May Be at Risk

It was another day of bad news for Intel Corp. on Wednesday, as a new data point suggests that it may lose Apple Inc.’s modem business, according to a note from Northland analyst Gus Richard. Richard, who rates the stock the equivalent of a sell, wrote that MediaTek Inc., which manufactures modems, might displace Intel for the product at Apple, which he says has been rumored to be working on their own modem. Apple is already planning to phase out Intel chips in Mac computers as soon as 2020, people familiar with the plans said in April. …read more […]

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Deutsche Bank woes a positive for major U.S. banks -investor Kass

Kass, who runs Seabreeze Partners Management, said he believes Deutsche Bank, whose shares fell to a year low overnight, is weighing on the banking sector as some investors are concerned about Deutsche Bank’s large derivative portfolio and its counterparty risk with U.S. money center banks. “I view the current underperformance in banks stocks as an important intermediate-term opportunity to acquire valuable long term investments,” Kass said. …read more […]