WASHINGTON, DC – MAY 26: U.S. Speaker of the House Rep. Kevin McCarthy (R-CA) speaks to members of the media after arriving at the U.S. Capitol on May 26, 2023 in Washington, DC. Speaker McCarthy discussed the latest development of the debt ceiling negotiations with the White House. (Photo by Win McNamee/Getty Images)Win Mcnamee |… […]
A man holding a Turkish flag.Uriel Sinai | Getty ImagesThe Turkish lira sank to a fresh record low Monday as incumbent Recep Tayyip Erdogan secured his victory in the 2023 presidential election, extending his rule into a third decade in power.The currency briefly touched 20.0608 against the greenback at around 11 a.m. Monday morning local… […]
“Many of the most common financial mistakes — chasing quick wins, attempting to ‘time the market’, and taking a knee-jerk reaction to market volatility — can all be avoided by taking a longer-term perspective,” one expert tells CNBC Make It.Pekic | E+ | Getty ImagesMaking money mistakes can be scary and seem catastrophic. Some of… […]
Wharton professor and renowned economist Jeremy Siegel is bullish on a Big Tech boom fueled by artificial intelligence despite concerns of a bubble.An AI chip craze, driven by demand for AI-powered chatbots and high-powered graphics processing units — used to train such chatbots on supercomputers — has seen investors piling into certain stocks with some raising concerns… […]
Starbucks opened its 6,000 store in mainland China in September 2022.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese consumer spending won’t return to pre-Covid levels anytime soon, a problem for international brands such as Starbucks, Morgan Stanley said in a report Sunday.Not only are people more cautious, but they now have more choices.On the spending… […]
A greenlight for Joe Manchin’s favorite gas pipeline In one unexpected development, the bill would approve all the remaining permits to complete the stalled Mountain Valley Pipeline, an Appalachian natural gas project that has been a top priority of West Virginia Sens. Joe Manchin and Shelley Moore Capito. Manchin had tried last year to secure… […]
Rep. Dusty Johnson (R-S.D.) said that House Speaker Kevin McCarthy made no concessions to President Joe Biden. | Francis Chung/POLITICO Rep. Dusty Johnson on Sunday downplayed initial conservative opposition to the debt ceiling deal announced late Saturday, saying it was only the “most colorful” conservatives who were opposed. Speaking to host Jake Tapper on CNN’s… […]
The Texas Republican said on Twitter that an “explicit” agreement was made during private negotiations in January to elect McCarthy to the speakership: No bill could get to the floor without “unanimous” Republican support on the Rules Committee, on which Roy serves. Any holdups like a delay in teeing up House floor debate would cost… […]
“In terms of administering how the internal ethics of the judicial branch are done — heck, the judicial conference which does that is a creation of Congress,” Sen. Sheldon Whitehouse (D-R.I.) said. | Francis Chung/POLITICO Congress “absolutely can” reform Supreme Court ethics rules, Sen. Sheldon Whitehouse said, despite some arguments that Congressional interference would be… […]
Rich Graessle/Icon Sportswire via Getty ImagesThe Jacksonville Jaguars control their own destiny in the AFC South.Jacksonville moved one step closer to its first playoff appearance since the 2017 campaign with a 19-3 victory over the New York Jets in Thursday’s AFC showdown at MetLife Stadium. Trevor Lawrence, Evan Engram and the defense led the way… […]
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