Author: IA PressRoom

The median US rent saw its largest annual decline since March 2020, Redfin said. Renters have more options given more vacancies and a decline in people looking to move. But rents varied geographically, with the West seeing a 2.1% drop, while other regions saw increases. 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 Rent prices fell by the most in more than three years in May, as changes in the housing market’s supply and demand tipped the scales against landlords.The median US asking rent…

President Biden is hosting the NATO secretary general, Jens Stoltenberg, at the White House on Tuesday afternoon to discuss long-term strategy in Ukraine and who will oversee the 31-member military alliance moving forward.The visit comes during a critical time for the Western alliance, as Ukraine mounts a counteroffensive to regain territory claimed by Russia and as NATO members prepare for a summit next month in Vilnius, Lithuania. The White House has also in recent weeks faced questions over whom Mr. Biden supports as a successor for Mr. Stoltenberg, who has led the alliance since 2014 and is expected to step…

One of Guatemala’s best known journalists is facing up to 40 years in prison on Wednesday in a case that has raised alarm about a squeeze on democracy in Central America’s largest economy. José Rubén Zamora said he believed the charges of money laundering, blackmail and influence peddling against him were filed in retaliation for stories published by his newspaper that alleged corruption by the government of President Alejandro Giammattei.Days before his final hearing, Zamora told the Financial Times: “What [the president] has done to me is horrible . . . [But] I’m glad that he put me here for doing my job properly.”…

2/2 © Reuters. JPMorgan Chase Bank is seen in New York City, U.S., March 21, 2023. REUTERS/Caitlin Ochs 2/2 By Manya Saini (Reuters) – Shares of U.S. banks rose on Tuesday after inflation data backed the view that the Federal Reserve will keep interest rates unchanged on Wednesday while leaving the door open for more hikes later that will further boost interest income. U.S. consumer prices barely rose in May and the annual increase in inflation was the smallest in more than two years, though underlying price pressures remained strong. The data lifted the Banks Index 1.5%, while the KBW…

© Reuters. FILE PHOTO: The logo of Tyson Foods is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann CHICAGO (Reuters) – Tyson Foods (NYSE:) will lay off 228 corporate employees in Illinois who declined to relocate to the meatpacker’s Arkansas headquarters, eliminating about 46% of the total staff from two offices, the company confirmed on Tuesday. Employees have resisted a decision to consolidate corporate offices, which Tyson announced in October, as the company grapples with high costs for cattle and easing demand for meat from cash-strapped consumers. Tyson will eliminate 177 employees from an office in downtown Chicago and…

Source: CircleThe CEO of stablecoin issuer Circle has put pressure on lawmakers to pass a stablecoin bill and get it signed by President Joe Biden as other countries forge ahead.Delivering a stablecoin bill to “President Biden’s desk should be a national priority,” said CEO Jeremy Allaire in his prepared remarks ahead of Tuesday’s House Financial Services Committee hearing. “Indeed, today, emerging laws in the European Union, Japan and Hong Kong are establishing new rules for US-issued dollar stablecoins. That is a point worth repeating – other nations are enacting laws to regulate the use of the US dollar. The time has…

cemagraphics/iStock via Getty Images Bankrupt retailer Bed Bath & Beyond (OTCPK:BBBYQ) has selected Overstock.com (NASDAQ:OSTK) as its stalking horse bidder, according to court filings released on Tuesday. The filings reveal Overstock as a Stalking Horse Bidder for the company’s IP and business data, save for some excluded assets, at a proposed purchase price of $21.5M. The deadline for any party in interest to object to the bid is June 20. Shares of Overstock (OSTK) rose 2.5% during Tuesday’s trading. More on Overstock: Overstock: Potentially Long Road To Recovery Buybuy Baby in sale talks with owner of Janie and Jack brand

A senior Goldman Sachs partner told CEO David Solomon that his DJing was not befitting a top Wall Street bank CEO, per The Wall Street Journal. The former CEO, Lloyd Blankfein, has complained about Solomon’s side gig. Solomon has been inviting partners and their spouses over to his apartment to strengthen ties. 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 Goldman Sachs partners are restless. A number of them are unhappy with David Solomon’s leadership of the storied Wall Street firm, particularly with strategic missteps…

GOP presidential candidate Vivek Ramaswamy pledged to pardon former President Trump if elected to the Oval Office and challenged his opponents to make the same vow.During a Monday press conference at the Wilkie D. Ferguson Jr. U.S. Courthouse in Miami, Florida, Ramaswamy said that, if he is elected president, he will pardon Trump for his federal charges.Trump is set to be arraigned today after a federal grand jury indicted him Friday on 37 charges related to his retention of sensitive documents. Trump’s indictment has led to calls for Hur to bring similar charges against Biden.GOP HOPEFUL RAMASWAMY SEEKS COMMUNICATIONS BETWEEN…

WASHINGTON, DC – MARCH 10: (L-R) Rep. Vern Buchanan (R-FL) talks with committee chairman Rep. Jason … [+] Smith (R-MO) during a House Ways and Means Committee hearing. (photo by Drew Angerer/Getty Images)Getty Images House Republicans are moving a proposal to temporarily increase the standard deduction. There is a lot to be said for raising the deduction. But doing it on a temporary basis or as an inflation-fighting tool (the rationale of its sponsors) makes no sense. Not fully paying for it with offsetting tax increases would be fiscally irresponsible. However, increasing the standard deduction may have one unintended but…