Author: IA PressRoom

Washington CNN  —  Republican presidential candidate Chris Christie said Sunday it was a “useless idea” to force 2024 GOP contenders to sign a pledge to back the party’s ultimate nominee in order to participate in primary debates. “It’s only in the era of Donald Trump that you need somebody to sign something on a pledge. So I think it’s a bad idea,” the former New Jersey governor told CNN’s Jake Tapper on “State of the Union” about the Republican National Committee requirement. Christie, who kicked off his presidential bid earlier this month, said he’s expressed his views directly to RNC…

CHINA – 2022/04/24: In this photo illustration the UnitedHealth Group logo displayed on a smartphone … [+] screen. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images UnitedHealth Group Inc (UNH) hiked its dividend by 14% representing the fourteenth consecutive year of raised dividends. This positive was more than offset by the report that medical costs were increasing quickly. This caused a major price cap lower on June 14, 2013. The stock had warnings from its daily and weekly charts. UNH has been below a death cross on its daily chart since January 30, 2023. The…

© Reuters. The Netflix series “Squid Game” is played on a mobile phone in this picture illustration taken September 30, 2021. REUTERS/Kim Hong-Ji/Illustration By Hyunsu Yim SEOUL (Reuters) – When Netflix (NASDAQ:) co-CEO Ted Sarandos visits South Korea this week he will find an entertainment industry that has achieved global fame through hits such as “Squid Game” and “The Glory”, but also growing worries about its effects on the local market. South Korea has created some of Netflix’s biggest shows, which have become synonymous with the broader international success of the country’s cultural exports and spurred the Californian company to…

© Reuters. U.S. President Joe Biden delivers remarks at the National Safer Communities Summit at the University of Hartford, in West Hartford, Connecticut, U.S., June 16, 2023. REUTERS/Tom Brenner/FILE PHOTO PALO ALTO, California (Reuters) – U.S. President Joe Biden said on Monday he thinks relations between the United States and China are on the “right trail” and suggested progress was made during a rare trip to Beijing by Secretary of State Antony Blinken. “We’re on the right trail here,” Biden said of U.S.-China relations. Asked by reporters whether he felt progress had been made, he replied, “It’s been made.” Biden…

“Magnificent Seven,” meet the “Junk Bond Five.” The stock market isn’t the only place where a handful of companies are driving powerful gains. It’s happening too in distressed high-yield, or “junk bonds.” Debt issued by Altice USA Inc. ATUS, -2.30%, Carvana Co. CVNA, -4.02%, Community Health Systems Inc., CYH, +3.43% Lumen Technologies Inc. LUMN, and Rackspace Technology RXT, have been punching up the overall performance of distressed corporate debt. Gains in their bonds accounted for about two-thirds of the rally seen in the past week within the CCC-rated category of distressed debt, according to BofA Global. Drilling down, BondCliQ charted…

Gov. Ron DeSantis of Florida, who is running for the Republican presidential nomination, took his campaign into the backyard of his most vocal Democratic critic on Monday, courting donors at an event near the home of Gov. Gavin Newsom of California weeks after sending two planeloads of migrants to California’s capital.The $3,300-a-plate fund-raiser, hosted by a Republican real estate developer at a suburban country club in Sacramento, was closed to the press, and Mr. DeSantis did not make a public statement. But the location itself underscored the tit-for-tat that has escalated for more than a year between the two governors,…

Airbnb co-founder and CEO Brian Chesky said AI will ultimately be a boon to the job market.  He predicts AI will propel “millions of startups,” even as jobs at existing companies could decrease.   Chesky is one of many business leaders that has weighed in on AI this year.  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 Is AI a job destroyer or a job creator? Airbnb co-founder and CEO Brian Chesky says, ultimately, it will be the latter. He anticipates that the technology will propel “millions…

Retire to Malta? Yeah, I can believe that.getty I have previously written about Malta Retirement Plans in my article The Grinch Who Stole The Maltese Pension Plan (Dec. 31, 2021). In a nutshell, the U.S. Treasury was asleep at the switch in 2011 when the U.S.-Malta tax treaty was negotiated, and this allowed folks to set up retirement plans in Malta which work like a supercharged Roth IRA. The Treasury Department tried to “fix the glitch” (for Office Space fans) in IR-2021-253 by entering into a so-called Competent Authority Arrangement (CAA) with Malta which sought to clarify the Treaty in…

A British billionaire was aboard a submersible vessel that has disappeared while on an expedition to view the wreckage of the RMS Titanic. The vessel operated by OceanGate Expeditions was diving to view the remains of the passenger liner, which sank in 1912, when contact was lost. Hamish Harding, an adventurer and aviation executive was on board, according to Action Aviation, the Dubai-based aircraft brokerage he chairs. Rear Admiral John Mauger of the US Coast Guard, said a search operation had been launched 900 miles off the coast of Cape Cod at a depth of about 13,000 feet. The operation…

© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The People’s Bank of China takes center stage on Tuesday with a near-certain interest rate cut, according to the expectations of investors, who are also trying to read the political tea leaves from U.S. Secretary of State Antony Blinken’s visit to Beijing. Trading volume across the region…