Author: Press Room
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseKamala Harris has acknowledged that she must do more to win over Black male voters, amid fears that a once reliable cohort of Democratic voters is turning to Donald Trump. Harris said she did not assume that Black men would vote for her “because I am Black” but was “working to earn [their] vote” ahead of the November presidential election. “I think it’s very important to not operate from the assumption that Black men are in anybody’s pocket. Black…
The Biden administration submitted a special request to congressional committees in August asking for a boost to funding for the US Secret Service in the weeks leading up to and after the 2024 election, according to sources familiar with the matter, warning of “insufficient resources” for the agency if the request isn’t granted. The Office of Management and Budget submitted the so-called anomaly request, which includes the White House’s proposed additions to the standard contents of a short-term funding bill, after the assassination attempt on former President Donald Trump on July 13 in Butler, Pennsylvania, the sources told CNN. Congress…
You probably find lots of junk mail in your mailbox. But, if you are one of the 50 million beneficiaries with Part D prescription drug coverage, either through a stand-alone Part D drug plan or incorporated into a Medicare Advantage plan, pay attention now. Buried in that stack of mail will be the Annual Notice of Changes (ANOC), a letter about Open Enrollment and your Part D drug coverage for next year. The Open Enrollment Period, October 15-December 7, is your chance to ensure you have the best plan in 2025 and the ANOC is your guide to the changes.…
Former President Donald Trump on Tuesday vowed that he would “get SALT back” if reelected, apparently suggesting that he would eliminate the cap on state and local tax deductions that he signed into law in 2017.Trump, the Republican presidential nominee, made the promise in a Truth Social post intended to court New York voters to back him over Democratic Vice President Kamala Harris in the Nov. 5 election.”We have a real chance of winning, for the first time in many decades, New York,” Trump claimed, arguing that crime, immigration and inflation have hurt state residents.”VOTE FOR TRUMP! I will turn…
For all the hype that goes into them, Federal Reserve meetings are usually pretty predictable affairs. Policymakers telegraph their intentions ahead of time, markets react, and everyone has at least a general idea of what’s going to happen.Not this time.This week’s gathering of the central bank’s Federal Open Market Committee carries an uncommon air of mystery. While markets have made up their collective mind that the Fed is going to lower interest rates, there’s a vigorous debate over how far policymakers will go.Will it be the traditional quarter-percentage-point, or 25-basis-point, rate reduction, or will the Fed take an aggressive first…
The U.S. Transportation Department said on Tuesday it had agreed to allow Alaska Airlines to close on its $1.9 billion acquisition of Hawaiian Airlines, after the carriers agreed to maintain key Hawaiian routes and adopt consumer protections. The Justice Department in August opted not to block the deal that was announced in December by Alaska, the fifth-largest domestic U.S. airline, to Hawaiian, the 10th-largest carrier. The carriers said on Tuesday that they expect to close the deal in the coming days. DOT said Alaska and Hawaiian agreed to protect the value of frequent flyer rewards, maintain existing service on key Hawaiian routes to the continental United States and inter-island regions,…
Many articles have been written on FedEx (NYSE:FDX) both on this blog and over on Seeking Alpha over the years. As an industrial component who, along with UPS (UPS), carries and delivers the equivalent of about 3% of US GDP (that’s a stat from the early 2000s and if it has changed, has probably only grown), FedEx remains integral to US business, particularly e-commerce. Several recent events have coincided to be a potential catalyst for FedEx stock, hopefully pushing the stock above and beyond its June ’21 high of $319-320. The first was Fred Smith abrogating the CEO role at…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Intel unveiled cost-cutting and restructuring measures, including a two-year pause on planned chip plants in Germany and Poland, as chief executive Pat Gelsinger seeks to turn around the chipmaker’s flagging fortunes.The announcement follows a crunch board meeting last week for the US chipmaker, whose shares have fallen sharply since August when it reported disappointing earnings results and an initial round of cuts, as well as a pause to its dividend.As well as making further moves to establish its chip manufacturing business as…
Mark Meadows, Donald Trump’s former White House chief of staff, failed to convince a judge that his criminal case related to the 2020 election in Arizona should be moved to federal court, which could have made it easier to have the charges dismissed. Meadows similarly failed in his bid to move the criminal case against him in Georgia related to the 2020 election to federal court but has asked the US Supreme Court to weigh in. Meadows and 17 other Trump associates, including the fake electors from that state and several individuals connected to his campaign, were indicted earlier this…
It’s an issue for some adult children with aging parents. When the elders need care, there is resistance to using the parent’s own funds to cover the cost of caregiving. It’s puzzling. For example, faithful son (FS) has been taking care of his mom by himself for 25 years. He lives in her home and pays all the bills. He works full time at a physically demanding job. No siblings help in any way. All are estranged. Mom, now 90 years old, fell, had to be hospitalized and then went to rehab. Prior to that, she was fine at home…
