Author: Press Room
Former President Donald Trump has appealed an Illinois judge’s decision that disqualified him from the state’s upcoming Republican primary ballot. The ruling from Cook County Circuit Judge Tracie Porter, an elected Democrat, concluded that Trump is barred from office under the 14th Amendment because he engaged in the January 6, 2021, insurrection. The case landed in court after the Illinois State Board of Elections dismissed the challenge due to lack of jurisdiction. A retired Republican judge who was hired by the panel to hear evidence in the case concluded that Trump engaged in insurrection – but that only courts, and not the board, had the power…
Paramount Global is reportedly cutting 800 jobs on the heels of a record audience of 123 million views for Super Bowl Sunday, according to an internal memo published by the The Hollywood Reporter The publication cited a message from Paramount Global PARA, +2.21% Chief Executive Bob Bakish that flagged a need to cut costs over time and said employees will be notified starting Tuesday. Paramount Global’s stock fell 2.9% as the broad market dropped. The stock is down 12% so far in 2024, while the S&P 500 SPX is up by 3.9%. A spokesperson from Paramount Global declined to comment.…
The numbers: Mortgage applications fell as rates rose across the board. With the 30-year mortgage hitting the highest level since early December 2023, demand took a hit. The overall market composite index — a measure of mortgage application volume — fell in the last week, according to the Mortgage Bankers Association (MBA) said on Wednesday. The market index fell 2.3% to 205.1 for the week ending Feb. 9 from a week ago. A year ago, the index stood at 214.9. Key details: The purchase index — which measures mortgage applications for the purchase of a home — fell 2.5% from…
By Scott DiSavino NEW YORK (Reuters) – Oil prices edged up about 1% on Wednesday on a bigger-than-expected storage withdrawal, a slump in U.S. crude output, Chinese economic stimulus, geopolitical tensions and a weaker dollar. futures rose 49 cents, or 0.6%, to settle at $80.04 a barrel, while U.S. West Texas Intermediate crude (WTI) ended 72 cents, or 1.0%, at $75.09. China’s central bank will cut the amount of cash that banks must hold as reserves from Feb. 5, a move expected to shore up a fragile economic recovery. U.S. crude stockpiles tumbled by 9.2 million barrels last week, the…
By Olena Harmash KYIV (Reuters) – Ukraine’s government is working to overhaul its business regulation system to scrap and update hundreds of documents to help entrepreneurship and boost the war-ravaged economy, a deputy economy minister said. The reform to review about 1,300 existing regulatory documents, licences and permits began last year. About 100 documents had been already cancelled. Another 400 would be eliminated this year and 500 procedures would be updated and digitized, Oleksiy Sobolev, a deputy economy minister overseeing the changes, told Reuters. “The main idea is that now people should either fight or work,” Sobolev said in an…
In spite of all the changes to work-life over the past few years following the pandemic, one thing that has stayed consistent is the sense of burnout among employees. According to recent studies, more than one out of every two employees feel burnt out. It’s a trend that seems to cross industries. In my day job, I work with a number of private practice therapists, and in that space there’s an estimated 45% rate of burnout. Meanwhile, similar rates are seen in other professions, whether you manage, work in a white collar job, blue collar job, from home or in-office.…
“Ghosting” isn’t just a dating phenomenon: It has grown more common at the workplace, too. And that unreliable behavior risks reputational harm to employers and job seekers, said career experts.The concept of ghosting — abruptly and unexpectedly ceasing communication with someone (i.e., disappearing) — arose around the mid-2010s as social media and dating apps gained prominence. Merriam-Webster added this new-age definition of “ghost” to the dictionary in 2017.The practice has become common among both job applicants and employers during the hiring process.More from Personal Finance:How to get by without a paycheck after a job lossAmid mass layoffs, it’s best to…
President Joe Biden and his administration are continuing their efforts to provide student debt relief to as many borrowers as possible.After the Supreme Court ruled against Biden’s plan for mass debt forgiveness last year, the administration began the process of enacting forgiveness through a different legal pathway — by amending the Higher Education Act through a process known as negotiated rulemaking.At this point in the process — which involves a number of discussions with various stakeholders including borrowers, advocacy groups, lawmakers and more — the rulemaking committee has identified five groups of borrowers who should be considered for debt relief.…
The world’s fastest-growing major economy is living up to its billing. Gross domestic product in India surged 8.4% in the final three months of 2023 compared with a year prior, up from growth of 7.6% in the June-to-September period, the country’s statistics office said Thursday. The latest rise is much stronger than analysts expected and means India’s economy “ended last year with a bang,” Thamashi De Silva, assistant India economist at Capital Economics, wrote in a note. “That pace of growth was the strongest among major economies last quarter,” she said, also noting that in 2023 as a whole GDP…
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