Author: Press Room
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseDonald Trump said he would vote against an amendment to Florida’s state constitution guaranteeing abortion rights, raising the stakes on an issue that is mobilising Democrats and threatening his White House bid.The former Republican president had sent mixed signals and avoided taking a stance on the proposed amendment, which will appear on the state ballot in November’s election.But on Friday, he told Fox News that he would be voting “no” on the measure, which would protect abortion rights until…
‘He’s in trouble, he knows it’: Scaramucci reacts to Trump’s waffling on abortion Former Trump White House communications director Anthony Scaramucci joins CNN’s Alex Marquardt and weighs in on former President Donald Trump’s waffling on abortion. Read the full article here
Seemingly everyone agrees there’s a retirement crisis – everyone, that is, except for retirees themselves. In an April Wall Street Journal article, I noted that 86% of seniors in a Federal Reserve survey described their financial situation as either “doing okay” or “living comfortably.” Just 3% said they were “finding it difficult to get by.” That sure doesn’t look like a retirement crisis. But two well-regarded economists take issue with how to interpret these figures. In the process, they started what I think is a useful discussion about retirement security – a topic that is front of mind for millions…
Mortgage rates decreased a bit this week, remaining uncomfortably high for many would-be buyers but hitting their lowest point in months. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.73% this week from 6.78% last week. The average rate on a 30-year loan was 6.90% a year ago.”Mortgage rates declined to their lowest level since early February,” said Sam Khater, Freddie Mac’s chief economist. “Expectations of a Fed rate cut coupled with signs of cooling inflation bode well for the market, but apprehension in consumer confidence may…
Despite President Biden’s request to reinstate the SAVE plan the administration created to help student loan borrowers pay less in monthly payments, the Supreme Court declined to do so on Wednesday. Lower courts blocked the plan earlier in the summer after legal challenges were brought up by GOP-led states. The decision by the court had no immediate effect on the millions of borrowers enrolled in the plan but blocks new applications. When the initial block came, borrowers who were part of the plan were automatically placed into an interest-free forbearance. During this forbearance, borrowers aren’t required to make monthly payments.The…
WASHINGTON — For nearly a decade, former president Donald Trump has rallied voters around a cry to cut the size of the federal government and “drain the swamp.”But now one Republican running in a key House race is trying to distance himself from the proposed cuts, and from Trump’s plan to move 100,000 federal workers out of the D.C.-Maryland-Virginia area while firing “rogue bureaucrats” – policies that could cost the area’s economy billions of dollars.Derrick Anderson is the Republican nominee running in a competitive race to represent Virginia’s seventh congressional district in the House. The district has almost 60,000 federal employees…
Brazil’s supreme court on Friday ordered a nationwide suspension of Elon Musk’s social network X after the company vowed to defy earlier court orders concerning content moderation and the appointment of a legal representative in Brazil.The court’s top judge, Alexandre de Moraes, has also ordered daily fines for people or businesses in Brazil that use VPNs or other methods to access X while the site is banned in the country, G1 Globo reported.The court issued a statement via its government website in Brazil on Friday, saying that it had ordered “the immediate and complete suspension of the operation of X,…
A Brazilian Supreme Court justice on Friday ordered the suspension of Elon Musk’s social media giant X in Brazil after the tech billionaire refused to name a legal representative in the country, according to a copy of the decision seen by The Associated Press The move further escalates the monthslong feud between the two men over free speech, far-right accounts and misinformation. Justice Alexandre de Moraes had warned Musk on Wednesday night that X could be blocked in Brazil if he failed to comply with his order to name a representative, and established a 24-hour deadline. The company hasn’t had…
This article is part of a series that provides an ongoing analysis of the changes made to Duquesne Family Office’s 13F stock portfolio on a quarterly basis. It is based on Stanley Druckenmiller’s regulatory 13F Form filed on 08/14/2024. The 13F portfolio value decreased from $4.39B to $2.92B this quarter. The holdings are concentrated, with recent 13F reports showing around 75 positions, many of which are very small. There are 30 securities that are significantly large (more than ~0.5% of the portfolio each) and they are the focus of this article. The largest five stakes are Coherent, Coupang, Vistra Corp,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A Hungarian train consortium backed by prime minister Viktor Orbán is withdrawing its takeover bid for a Spanish train maker after Madrid blocked the transaction on national security grounds, according to people close to the bidder.Two days after Spain vetoed the €600mn offer for train maker Talgo by the Ganz-Mavag consortium, the Hungarian group decided on Thursday to take it off the table while it pursues legal action against Madrid’s decision.But the people close to the consortium stressed that it wanted to…
