Yahoo Finance Plus In California’s primary elections on Tuesday, San Francisco voted to recall progressive District Attorney Chesa Boudin, Gov. Gavin Newsom will face Republican Brian Dahle in November elections, and billionaire Rick Caruso advanced to a runoff election to be the next mayor of Los Angeles. Photo: Justin Sullivan/Getty Images
(Bloomberg) -- Russia’s reliance on foreign software to run its factories, farms and oil fields is turning into one of the biggest headaches for domestic industry as more IT providers pull out of the market in response to President Vladimir Putin’s invasion of Ukraine. Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataA $2 Tri
The Federal Reserve has raised the fed funds rate target by 150 basis points since March, and many experts expect a lot more.
The White House said on Monday that Russia has defaulted on its international bonds for the first time since the Bolshevik revolution, as sweeping sanctions have effectively cut the country off from the global financial system. Until last week, Russia kept on paying on its Eurobonds in foreign currency as per issue conditions yet its dollar and euro coupon transfers made in May, ahead of a key U.S. waiver allowing for such transactions expired, did not reach investors. "Statements of a default are absolutely unjustified," Kremlin spokesperson Dmitry Peskov told a call with reporters on Monday, pointing to the May forex coupon payment.
The Committee on Foreign Investment in the U.S. is reviewing Ericsson’s proposed $6.2 billion acquisition of Vonage, Ericsson said, adding another regulatory challenge for the Swedish telecom-equipment giant in Washington.
(Bloomberg) -- Chinese shares rallied ever closer to a bull market after Beijing unexpectedly halved the mandatory quarantine period, marking a key shift away from the government’s fixation with Covid Zero that has clouded the outlook for investors.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataA $2 Trillion Free-Fall Rattl
Oklahoma primary election nears with crowded ballot for Republicans
Russia’s first default on its foreign debt in more than 100 years is the latest sign that the sanctions levied against the country after the Ukraine invasion have consequences. To be sure, Russia’s default on ruble-denominated bonds in 1998 was a big deal. It forced highly leveraged hedge fund Long Term Capital Management to collapse, a precursor of the financial crisis that struck a decade later.
Taiwanese semiconductor firm GlobalWafers joins Intel and TSMC in urging Congress to fund U.S. development.
Now-deleted tweet shows a desperation to defend a decision that a majority of voters oppose. | Opinion
Oklahoma's Republican Gov. Kevin Stitt and Democratic challenger Joy Hofmeister both took massive fundraising advantages over their opponents into Tuesday's primary election in a state where hot-button issues like abortion, firearms and the death penalty are likely to be a focus in the race. Stitt, 49, the wealthy former head of a Jenks-based mortgage company, raised about $5.4 million, nearly 20 times as much as his three GOP primary opponents combined, and is a heavy favorite to advance. Stitt took strong positions on hot-button issues important to conservatives during his first term in office, signing into law one of the nation’s strictest abortion bans in May, expanding access to firearms and overseeing a return of the death penalty after a nearly seven-year hiatus.
(Bloomberg) -- Illinois primary voters on Tuesday will provide one of the earliest clues on whether the US Supreme Court's decision to overturn Roe v. Wade will influence election turnout and results. Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataA $2 Trillion Free-Fall Rattles Crypto to the CoreHyundai Quietly Climbs the
DENYS KARLOVSKYI - MONDAY, 27 JUNE 2022, 17:59 Russian President Vladimir Putin has accepted the invitation extended to him by Joko Widodo, President of the Republic of Indonesia, to participate in the G20 summit in November.
Social Security recipients could get an additional $2,400 a year in benefits if a new bill recently introduced to Congress wins approval -- something seniors would no doubt welcome as surging...
(Bloomberg) -- GlobalWafers Co. plans to build a $5 billion semiconductor silicon-wafer facility that will be the biggest of its kind on American soil, as the country contends with the fallout from a global shortage of chips.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataA $2 Trillion Free-Fall Rattles Crypto to the CoreHyu
Readers who support the court's decision in Dobbs vs. Jackson say abortion policy is back where it belongs -- the state legislatures.
(Bloomberg) -- European natural gas prices declined after Russian flows via Turkey resumed and forecasts pointed to sunnier weather that could curb demand for the fuel. Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataA $2 Trillion Free-Fall Rattles Crypto to the CoreHyundai Quietly Climbs the EV Sales Charts and Elon Musk No
Fox NewsKari Lake, the Trump-endorsed candidate for Arizona governor, was far from happy on Monday when Fox News anchor Bret Baier asked her about a report that linked her to drag queens.The interview, which was fairly tame on Baier’s end, began with Lake falsely claiming that the 2020 election was “fraudulent” and that President Joe Biden is “illegitimate.” Baier responded by playing a tape of Arizona House Speaker Rusty Bowers testifying before the House Jan. 6 committee last week that the ele
Last week, the Supreme Court eviscerated a woman’s right to abortion, undermined Miranda rights, expanded gun rights and allowed border patrol agents to operate with even further impunity. Today, it ruled that a former Washington state high school football coach can pray on the field immediately after games—regardless of the religious backgrounds of the students.
Social Security’s annual cost of living adjustment for 2023 will be the highest in four decades, according to projections from the Committee for a Responsible Federal Budget. While benefits this year were boosted by 5.9%, the adjustment for next year is projected to be between 7.3% and 10.8%, depending on the path of inflation. The final number is likely to be somewhere in the middle, and could be one of the highest increases ever. Social Security bases its cost of living adjustments on changes
3M Co's (NYSE: MMM) foam earplugs, which the company manufactured for the United States military and was bought by the government for ~$7.63 a pair, threaten to become a significant liability for the manufacturing giant, reported Wall Street Journal. Many US military veterans have filed lawsuits against Minnesota-based 3M for hearing impairment caused by faults in the company's military-grade earplugs. The company might face billions of dollars in legal settlements or lawsuits after soldiers cla
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