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Marketmind: Treasury yields dive as oil craters, economy softens
Marketmind: Treasury yields dive as oil craters, economy softens
A look at the day ahead in U.S. and global markets from Mike Dolan A cratering of oil prices and
2023-11-17 19:26
'He shouldn’t have said that': Asmongold defends Grace Van Dien amid FaZe Rain feud
'He shouldn’t have said that': Asmongold defends Grace Van Dien amid FaZe Rain feud
Asmongold supported 'Stranger Things' star Grace Van Dien after she received backlash from FaZe Clan's OG members
2023-05-30 17:45
The Irish matchmaker finding love outside of apps
The Irish matchmaker finding love outside of apps
Every September, thousands travel to County Clare's Lisdoonvarna with hopes of finding the one.
2023-09-30 14:20
US review of China tariffs won't depend on trade 'breakthrough'-Deputy USTR
US review of China tariffs won't depend on trade 'breakthrough'-Deputy USTR
By David Lawder DETROIT The United States is taking an analytical approach to its review of whether to
2023-05-28 14:54
Biden and McCarthy to resume talks Monday as debt ceiling deadline looms
Biden and McCarthy to resume talks Monday as debt ceiling deadline looms
President Joe Biden spoke with House Speaker Kevin McCarthy on Sunday and agreed they would meet on Monday afternoon to try to break the stalemate over legislation to raise the national debt limit. A call took place, according to a White House readout, which gave no indication to the tone of the discussion. Mr McCarthy characterised the call as “productive” in a comment to reporters. A day earlier, the Speaker said negotiations had taken a step backward following Mr Biden’s remarks that he believed the 14th Amendment could be used to circumvent Congress on the issue. “I don’t think we’re going to be able to move forward until the president can get back into the country,” Mr McCarthy said on Saturday. “Just from the last day to today they’ve moved backwards. They actually want to spend more money than we spend this year.” Mr Biden’s call with Mr McCarthy took place while the president was on Air Force One bound for the US on Sunday. He had cut short his attendance at the G7 summit in Japan in order to lead negotiations with Republicans on the issue. During an appearance on Sunday show, Meet the Press, Treasury Secretary Janet Yellen once again warned that the federal government is projected to run out of money on or about 1 June. Should the US be unable to pay its outstanding obligations to debt holders, or even raise questions about its ability to do so, it risks a downgrade of the US’s credit rating which would affect interest rates on future loans. The last official downgrading of the United States’s credit rating occurred in 2011, when Standard and Poor’s dropped the US’s rating from “AAA” to “AA+”. “I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in early June and possibly as soon as June 1. And I will continue to update Congress, but I certainly haven’t changed my assessment. So I think that that’s a hard deadline,” Sec. Yellen said. She added that the possibilty was “quite low” that the US could extend its ability to pay its obligations through 15 June - referencing remarks made by Republicans who suggested Treasury could maneuver past a 1 June deadline without hitting a default. ”[I]t’s hard to be absolutely certain about this, but my assessment is that the odds of reaching June 15th, while being able to pay all of our bills, is quite low,” said Ms Yellen. “[M]y assumption is that if the debt ceiling isn’t raised, there will be hard choices to make about what bills go unpaid.” Mr Biden has been roundly accused by conservatives of refusing to negotiate cuts to federal spending ahead of the debt ceiling deadline. The White House, meanwhile, has blamed Republicans for putting the country’s credit rating at risk. Earlier on Sunday, the president spoke at a press conference and did not indicate that he was completely opposed to reaching a compromise with Republicans on spending levels, though he warned that the GOP must be willing to move in his direction as well. “It’s time for Republicans to accept that there’s no bipartisan deal to be made solely — solely — on their partisan terms,” said Mr Biden. “They have to move as well.” Read More ‘Putin will not break our resolve,’ Joe Biden tells G7 Top House negotiator on debt limit says it's time to 'press pause' as talks come to standstill Biden meeting with Indo-Pacific leaders at G7 summit while confronting stalemate over US debt limit Debt ceiling showdown: Biden and congressional leaders to meet as McCarthy pushes for faster deal Most say pair debt limit increase with deficit cuts, but few following debate closely: AP-NORC poll G7 finance leaders promise support for Ukraine, vow to enforce sanctions against Russia
2023-05-22 05:45
Disney CEO reaches out to striking Hollywood creatives with 'deep respect'
Disney CEO reaches out to striking Hollywood creatives with 'deep respect'
By Danielle Broadway and Dawn Chmielewski LOS ANGELES Walt Disney Chief Executive Bob Iger on Wednesday said he
2023-08-10 07:51
After being mocked for ‘IShowMeat’ incident, IShowSpeed accidentally leaks Ninja’s celebrity-filled Discord server
After being mocked for ‘IShowMeat’ incident, IShowSpeed accidentally leaks Ninja’s celebrity-filled Discord server
During a livestream on November 10, IShowSpeed accidentally leaked the invite link to Ninja’s private Discord server which had many A-list celebrities, forcing Ninja to delete it
2023-11-11 20:26
Cuba welcomed at Little League World Series and holds Japan to a run but gets no-hit in 1-0 loss
Cuba welcomed at Little League World Series and holds Japan to a run but gets no-hit in 1-0 loss
A long way from home and playing in its first Little League World Series game ever, Cuba allowed just one hit Wednesday, but got no-hit in a 1-0 loss to Japan in an opening round game
2023-08-17 08:19
McCarthy says US debt ceiling deal popular with House Republicans
McCarthy says US debt ceiling deal popular with House Republicans
WASHINGTON U.S. House Speaker Kevin McCarthy on Sunday said he expects a debt ceiling deal he struck with
2023-05-28 22:19
Trial scheduled in 2024 for movie armorer in fatal shooting of cinematographer by actor Alec Baldwin
Trial scheduled in 2024 for movie armorer in fatal shooting of cinematographer by actor Alec Baldwin
A New Mexico judge has set a February 2024 start date for the trial of a movie armorer in the fatal shooting of a cinematographer by actor Alec Baldwin on the set of a Western film
2023-08-22 04:56
Astros' Abreu suspended 2 games by MLB, which says he intentionally threw at García
Astros' Abreu suspended 2 games by MLB, which says he intentionally threw at García
Houston Astros pitcher Bryan Abreu was suspended for two games and fined by Major League Baseball, which said he intentionally threw at Adolis García of the Texas Rangers during Game 5 of the AL Championship Series
2023-10-22 06:56
Finance may be junked from EU climate law, leaked memo shows. Critics say it could be unenforceable
Finance may be junked from EU climate law, leaked memo shows. Critics say it could be unenforceable
Flagship EU legislation that's meant to force European companies to screen out climate harms from their business operations faces being dramatically watered down
2023-11-14 20:45