Author: IA PressRoom

CNN  —  The Senate voted late Thursday on a bill to suspend the country’s debt limit through January 1, 2025 following weeks of contentious negotiations on the legislative deal between the White House and Republicans. The bill is now on its way to President Joe Biden for approval, and once signed, it will avert what could have been an economic catastrophe and the first time the US would have defaulted on its debt. (Biden is scheduled to address the nation about the legislation Friday night.) The Senate vote was 63 to 36. Take a look at how every member of…

loanDepot names David Hayes as CFO, reaffirms Q2 2023 outlook

AT A GLANCE Gold prices soared in the 1970s era of inflation, but the root causes of inflation are different today In six of the last eight recessions, gold outperformed the S&P 500 by 37% on average Getty Images/iStockphoto From March 8 through April 24, gold rallied over 9%, outpacing the S&P 500 which was up just over 3% in the same period. The rally seemed to correspond with headlines of banking stress that could have the potential to alter the Fed’s hiking path. For almost a year the U.S. treasury yield curve has been inverted leading many analysts to…

© Reuters. FILE PHOTO: People cross the road on London Bridge during the morning rush hour, with the City of London’s financial district in the background, in London, Britain, April 13, 2023. REUTERS/Henry Nicholls LONDON (Reuters) – Ratings agency Fitch on Friday stuck with its negative outlook for Britain’s sovereign credit rating, citing a weak economy and lingering uncertainty around Brexit trade terms with the European Union. Fitch left the ‘AA’ rating itself unchanged as part of a regular review. It expects Britain to enter a mild recession this year and suffer higher inflation than its peers. “Strengths are set…

© Reuters. FILE PHOTO: Plastics and other waste blocks the flow of water from nearby canals that are connected to the Buriganga river in Dhaka, Bangladesh, March 6, 2023. REUTERS/Mohammad Ponir Hossain/File Photo By Valerie Volcovici (Reuters) – After a rocky start to a week of negotiations, around 170 countries agreed to develop a first draft by November of what could become the first global treaty to curb plastic pollution by the end of next year. Country delegations, NGOs and industry representatives gathered in Paris this week for the second round of UN talks toward a legally binding pact to…

A federal judge sentenced two members of the Oath Keepers militia to less than four years in prison for seditious conspiracy on Friday, placing a brake on the government’s effort to impose lengthy terms on members of the group for roles in the Capitol attack on Jan. 6, 2021.The two men, David Moerschel and Joseph Hackett, who traveled from Florida to join the Oath Keepers in Washington on Jan. 6, received terms of three years and three and a half years, respectively.Judge Amit P. Mehta, who has presided over three separate Oath Keepers trials that all have now concluded, diverged…

SentinelOne Inc.’s stock suffered its worst day since its initial public offering as the cybersecurity company struggles to find new business amid a tough business spending environment, prompting one analyst to downgrade the stock. Not only did SentinelOne shares S, -35.14% on Friday experience their worst one-day percentage drop ever, but also they nearly closed at their lowest price ever, falling to as much as 38% to an intraday low of $12.86, or below previous record closing low of $13.08 set on Dec. 27, 2022. Friday’s closing price represents an 82% drop from their all-time high close of $76.30 set…

New GLP-1 drugs such as Ozempic and Mounjaro can help people lose a massive amount of weight. But once people stop taking the injections, they tend to regain weight. Some employers and startups see the drugs as short-term fixes, setting people up for failure. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Tara Rothenhoefer lost 176 pounds on Mounjaro, and she wants to keep the weight off. But she knows — from experience — that probably won’t be possible if she has to stop…

The six Glazer siblings could retain stakes in Manchester United in a proposed phased takeover of the football club by Sir Jim Ratcliffe, who is seeking a way through the share structure and family dynamics which have complicated the deal.The Glazer family started a strategic review more than six months ago but the process has dragged on with only two full takeover bids emerging for one of the biggest names in global sport.The offer from Ratcliffe and his Ineos chemicals empire is complicated because, unlike a rival proposal from a Qatari bidder, he is not seeking to acquire 100 per…

© Reuters. FILE PHOTO: Butcher Pablo Alberto Monzon carries a costillar (cow ribs) out of his fridge, at his shop, in General Pacheco, on the outskirts of Buenos Aires, Argentina May 19, 2021. Picture taken May 19, 2021. REUTERS/Agustin Marcarian By Anna-Catherine Brigida and Lucila Sigal BUENOS AIRES (Reuters) – Argentines are expected to eat the most beef in five years in 2023, extending the country’s reign as the No. 1 steak consumer per capita despite the painful impact of 109% inflation on food prices, a Rosario grains exchange report showed on Friday. The major beef producer, where “asado” barbecues…