Author: Press Room
A shooting in the occupied West Bank and a car-ramming in Tel Aviv killed two Israelis and a tourist on Friday, amid soaring Israeli-Palestinian tensions touched off by a raid on Jerusalem’s al-Aqsa mosque.The three deaths capped a day of violence during which Israeli jets struck sites linked to the Palestinian group Hamas in the Gaza Strip and southern Lebanon, after militants in the two territories fired salvos of rockets at Israel on Thursday.Although the exchange of fire between Israel and militants in Lebanon and Gaza ended without fatalities or escalating into a broader conflict, the later killings on Friday…
Watch Kamala Harris’ fiery speech after Tennessee lawmakers ousted During a speech at Fisk University in Nashville, Vice President Kamala Harris shared her support for the state representatives expelled from the Tennessee House of Representatives after they protested with a bullhorn on the general assembly floor. Read the full article here
A downward spiral of commercial property prices can hurt sectors beyond the real-estate industry, warns Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management. Morgan Stanley analysts think commercial property prices could tumble as much as 40%, nearing declines seen in the aftermath of the 2008 global financial crisis. The estimate comes as trillions of dollars of commercial mortgage debt is set to mature in the next few years, likely in a higher rate environment. But there is also worry of broader ripple effects from half-empty office buildings. “These kinds of challenges can hurt not only the real-estate industry,…
The hedge fund that owned the National Enquirer during the period when it became embroiled in hush-money payments that have led to the criminal indictment of Donald Trump, has been charged in an unrelated action with illegally manipulating bond prices for the company that published the supermarket tabloid. Don’t miss: How Trump’s presidency became inextricably linked with catch-and-kill — setting the stage for his indictment Chatham Asset Management, a New Jersey–based hedge fund, and its founder, Anthony Melchiorre, have agreed to pay a $19.3 million fine for tampering with the sale process for bonds of American Media Inc. in a way that…
Dear Quentin, My dad died in September in Pennsylvania (although he was a Florida resident), and my stepmother insists there is no will and no estate, but then she texted to say that my father wanted me to inherit an account that listed my late mother as beneficiary. The insurance company told me this account was valued at $80,000 and it would need to go to probate. A few weeks later they emailed and said they decided that all of it should go to my stepmother as my dad forgot to change the account from my mom as beneficiary to…
Soon after March’s sudden bank failures startled markets, April kicked off with surprise oil-production cuts that left investors worried about potential ripple effects on still high inflation. Rick Rieder, BlackRock’s chief investment officer of global fixed income and head of the firm’s global allocation investment team, said in a phone interview that when he saw news of the unexpected oil-production cuts by OPEC+, his first thought was, “here’s another log on the fire,” when it’s already “so hard” to bring down inflation. Crude prices CL00, -0.19% CL.1, -0.19% in the U.S. jumped Monday after OPEC+, a group of oil-producing countries including…
© Reuters. A sign is seen outside offices run by WeWork in Philadelphia, Pennsylvania, U.S. September 30, 2019. REUTERS/Mark Makela (Reuters) – WeWork Inc. on Friday said it has adopted a “poison pill” to limit its shareholders from increasing stakes, which would make it difficult for the company to use its net operating loss (NOL) carryforwards to reduce tax. As of Dec. 31, 2021, WeWork had about $6.9 billion of U.S. federal NOLs and $6.6 billion of state NOLs that could be available to offset its future federal taxable income and state taxable income, the company said in a statement.…
By Mohi Narayan and Jonathan Saul NEW DELHI/LONDON (Reuters) – Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns. As a result of the European Union ban on Russian fuel that started on Feb. 5, tankers carrying clean oil products such as gasoline, diesel, jet fuel and naphtha are travelling between 16 and 18 days to bring Russian supplies to Brazil or U.S. cargoes to Europe, according to two shipping sources. That is up from…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar sank to a two-month low on Tuesday as another round of weak economic data reinforced investor bets that the Federal Reserve is nearly done with its tightening cycle even as other central banks are seen still raising interest rates to overcome persistently high inflation. Sterling rose to a new 10-month high against the dollar, while the euro reached its highest since February. Data showing U.S. job openings in February dropping to the lowest in nearly two years, and the continued decline in factory orders, undermined the dollar as the numbers…
By Howard Schneider WASHINGTON (Reuters) -An historically low U.S. unemployment rate and rising wages will likely keep the Federal Reserve on track to raise interest rates by another quarter of a percentage point next month, as risks of a financial crisis ease while concern about inflation remains high. U.S. job growth is slowing, something Fed policymakers have anticipated as they raised borrowing costs. But the economy still added 236,000 jobs in March, and has averaged gains of 345,000 per month during the first quarter, well above the level the central bank sees as consistent with its 2% inflation goal. The…
