Author: Press Room
Stay informed with free updatesSimply sign up to the Energy sector myFT Digest — delivered directly to your inbox.Colombia is suspending exports of coal to Israel in protest over the war in Gaza, the South American country’s president announced on Saturday.“We are going to suspend coal exports to Israel until the genocide stops,” president Gustavo Petro posted on X. Petro shared a draft decree issued by the ministry of trade which stated that exports will only be resumed once Israel complies with orders from the International Court of Justice last month to halt its military offensive in Rafah.The trade ministry…
A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Theodore Roosevelt carefully crafted his image of rugged manliness. The wealthy heir became a Badlands cowboy and a volunteer Rough Rider and war hero. A populist and a reformer as president, Roosevelt enjoyed incredible popularity during his lifetime – and he nearly remade the American political system when, frustrated by the direction of the Republican Party after his presidency, he splintered off as a third-party candidate and nearly won election as a Progressive “Bull Moose” in 1912. But that…
Seven decades after he became addicted to Superman, Gary Prebula’s collection of graphic novels and comics has a permanent home at the University of Pennsylvania library. It took a team effort. By Kelly Phillips Erb, Forbes Staff Gary Prebula blames his mother for his seven-decade-long comic book obsession. He was three when his parents ventured out on New Year’s Eve, leaving him with his grandfather. His mother bought a Superman comic book to keep the precocious toddler, who had just started to read, occupied. When his parents returned home just after 1:00 a.m. they found Prebula still awake, rereading that…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.990% as of May 14, which is 0.010 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.250%, which is 0.125 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to…
An alternative trading platform CEO wants to revolutionize private equity investing to help mitigate a stalling initial public offering market.So, Forge Global’s Kelly Rodriques partnered with Accuidity to launch the Forge Accuidity Private Market Index this spring.The ultimate goal: Give more investors easier access to unicorns.”This is a major financial innovation that’s just happening now,” Rodriques told CNBC’s “ETF Edge” this week. “There is a future … where index products and other financial innovations are making it possible for every investor to participate.”The Forge Accuidity Private Market Index consists of 60 private companies including SpaceX, Stripe and Epic Games, according…
Former President Donald Trump on Saturday recognized that the price of insulin is lower under President Joe Biden, but he still wants voters to credit his own administration.”Low INSULIN PRICING was gotten for millions of Americans by me, and the Trump Administration, not by Crooked Joe Biden. He had NOTHING to do with it,” Trump wrote in a Truth Social post. “It was all done long before he so sadly entered office. All he does is try to take credit for things done by others, in this case, ME!”The comment comes as Trump lags Biden on the issue of health…
Apple is on the verge of kicking off perhaps its most important event in years as it faces a gauntlet of challenges. At its annual Worldwide Developers Conference starting Monday, the company is widely expected to announce a partnership with ChatGPT maker OpenAI and unveil the first batch of generative AI tools coming to its mobile operating system. A big push into AI could spur growth for iPhone sales and services for years to come, as users are now waiting longer to upgrade their devices and an uncertain economic environment weighs on consumers, particularly in China. The company also faces…
Depending on what metrics or indicators you follow, you wouldn’t necessarily think that there’s much to worry about in the economy, and particularly the industrial/manufacturing economy. The S&P 500 is at or near a high and industrial stocks as a group have been cruising along, with the Industrial Select Sector SPDR Fund (XLI) up 23% over the past year and the Vanguard Industrials Index Fund (VIS) up a similar 24%, despite ongoing weakness in indicators like manufacturing PMI both here and in Europe. I believe underlying conditions aren’t so strong, at least in some sectors, and Hurco’s (NASDAQ:HURC) fiscal second…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US labour market gained 272,000 jobs in May, far more than forecast, pushing back market expectations for the timing of Federal Reserve rate cuts.The figures from the Bureau of Labor Statistics for non-farm payrolls last month compared with a prediction of a 180,000 rise in a Bloomberg poll of economists.President Joe Biden, battling attacks on his economic record by Donald Trump ahead of this November’s US presidential election, hailed what he called “the great American comeback” in jobs. He stressed that…
Beyoncé gave Justice Ketanji Brown Jackson four tickets to her concert last year, the justice disclosed in financial disclosure forms published Friday that also revealed that Jackson and other justices received six-figure payments in 2023 for book deals. Jackson, who reported an eye-popping $893,750 payment from a book publisher, was joined by Justices Brett Kavanaugh, Neil Gorsuch and Sonia Sotomayor in reporting income from books that they have published or have coming out in the future. The book deals have at times been controversial. Supreme Court justices and other government officials are capped on receiving more than about $30,000 in…
