Author: Press Room
Former President Donald Trump filed yet another lawsuit against the news media late Monday, accusing ABC News and George Stephanopoulos of defamation over assertions the anchor made in a combative interview. In an interview on “This Week,” Stephanopoulos pressed Republican Rep. Nancy Mace, a rape survivor, over her continued support of Trump after a jury found he sexually abused writer E. Jean Carroll in 1996, awarding her $88 million for battery and defamation. Stephanopoulos asserted multiple times in the interview with Mace that Trump had “raped” Carroll. “You endorsed Donald Trump for president. Judges and two separate juries have found him…
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Last updated: March 19, 2024 09:01 EDT | 3 min read SOL has fallen by 12% today, with the Solana price dropping to $177 as the wider crypto market loses 8% in the past 24 hours.Despite this loss, SOL’s recent good fortunes mean that it’s still up by 17.5% in the past week and by 59% in the past month, with the altcoin also sitting on a 720% gain in the past year.Such increases provide it with enough medium-term momentum to recover from its current dip, which provides a good opportunity to buy it at a discount.It still remains 32%…
But first, it’s AI’s world and we’re all just living in it.If this was forwarded to you, sign up here.The big storyAI over everythingAI hasn’t taken over the world yet, but it’s got a stranglehold on the markets.Nvidia’s much-anticipated earnings didn’t disappoint. The chipmaker stock skyrocketed, adding the equivalent of Netflix’s entire market cap to its valuation in a single day.And it might not stop there. Analysts across the Street boosted their price targets for Nvidia, with one suggesting the stock has 80% of potential upside, Business Insider’s Matthew Fox writes.But this week wasn’t just about crowning Nvidia as the…
Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Q4 2023 Earnings Conference Call March 18, 2024 1:00 PM ET Company Participants Charles Bradley – Chief Executive OfficerMichael Lavin – President and Chief Operating OfficerDanny Bharwani – Chief Financial Officer Operator Good day, everyone, and welcome to the Consumer Portfolio Services 2023 Fourth Quarter Operating Results Conference Call. Today’s call is being recorded. Before we begin, management has asked me to inform you that this conference call may contain forward-looking statements. Any statements made during this call that are not statements of historical facts may be deemed forward-looking statements. Statements regarding current or historical…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The chief executive of ExxonMobil has insisted its tense dispute with Chevron over a prized Guyana oilfield will not damage the working relationship between the two US oil companies, even as the spat threatens to derail the biggest acquisition in Chevron’s history. Exxon has begun an arbitration process against Chevron over the latter’s $53bn deal for Hess, arguing it has the right of first refusal over Hess’s stake in the oil-rich Stabroek Block off the coast of Guyana. The prominent stand-off between the companies…
Former Republican presidential candidate Asa Hutchinson said Monday he will not endorse Donald Trump, his party’s presumptive nominee for president, nor would he vote for President Joe Biden in November. “I have not endorsed Donald Trump for president, and I will not do so,” the former Arkansas governor wrote in a USA Today op-ed. Hutchinson, who was critical of Trump on the presidential campaign trail, argued in his op-ed that the former president had “disqualified” himself on January 6, 2021, when a mob of his supporters attacked the US Capitol, and that Trump “continues to undermine our democracy by defending…
By Daniel Trotta (Reuters) – California, Arizona and Nevada on Wednesday offered what they described as significant concessions on how much Colorado River water they claim, as their counterparts nearer the river’s source proposed more modest changes that would protect their rights. The dual proposals renew longstanding tensions between the two groups of states within the Colorado River Compact, the century-old framework for sharing the vital source of irrigation for arid western farmland and drinking water for 40 million people. The Lower Basin states of California, Arizona and Nevada and the Upper Basin states of Colorado, New Mexico, Utah and…
TOKYO (Reuters) – The Bank of Japan is expected to end its negative interest rate policy on Tuesday on substantial wage hikes by big firms in this year’s wage negotiations, the newspaper reported on Saturday. The BOJ began coordinating both within and outside the bank Friday on ending its negative interest rate policy, the economic daily said. Japan’s biggest companies agreed to raise wages by 5.28% for 2024, the heftiest pay hikes in 33 years, the country’s largest union group said on Friday. This year’s wage hikes “are of a level that even reflationists who are cautious about modifying monetary policy…
Do nursing home owners understate the profits they report to federal regulators by shifting income to related businesses? Two academic experts in nursing home finance found that in one state 63 percent of margins are hidden this way. To put it another way, only 37 percent of true nursing home profits are reported to federal regulators. A new paper by health economist Ashvin Gandhi of UCLA and financial economist Andrew Olenski of Lehigh University details how operators “tunnel” expenses to related parties and describes the breadth of the practice, which is widespread throughout the health care industry. Common Practice Because…
