More than 400 Washington Post journalists sent an angry letter on Wednesday to owner Jeff Bezos, pleading with him to intervene on the paper’s direction to restore the “trust that has been lost.” The move comes as the Beltway broadsheet has seen a growing list of distinguished journalists head for the exits after Bezos intervened
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The Biden administration on Wednesday sued Southwest Airlines, accusing the carrier of illegally operating multiple chronically delayed flights and disrupting passengers travel. The Transportation Department said in its civil suit in the US District Court in Northern California that the carrier had operated unrealistic schedules, and said it is seeking maximum civil penalties. The Justice
President-elect Donald Trump was gifted a personalized bottle of Diet Coke by the top executive at Coca-Cola just four years after the soft drink giant criticized the Capitol Hill rioting on Jan. 6, 2021. Coca-Cola CEO James Quincey presented Trump with a bottle that replaces the traditional Diet Coke logo with a label showing an
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world It is not yet clear that the Gaza ceasefire will even come into force. But, if the war is indeed ending, what has it meant for the world? For Israel, the impact seems
Interest rates moved lower near the end of 2024 as the Federal Reserve cut rates three times, shaving a full percentage point off the federal funds rate since September. In 2025, that trend is likely to continue. But with inflation still above the Fed’s 2% target, a strong labor market and a new administration, the central
Orlando Health last year acquired an 80% stake in Brookwood Baptist Health, the parent of Princeton Baptist Medical Center in Birmingham, Alabama.Orlando Health Orlando Health priced $853 million of tax-exempt bonds this week to fund recent acquisitions and its future capital program. The deal has a seperate taxable component. The tax-exempt Series 2025A priced Wednesday.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy grew 0.1 per cent in November, undershooting analysts’ expectations, as chancellor Rachel Reeves comes under increasing pressure to rebuild confidence in the government’s fiscal plans. The monthly figure was below the 0.2
Nate Anderson on January 6, 2023 in New York. Anderson exposes corporate fraud and ponzi schemes through his company Hindenburg Research. The Washington Post | The Washington Post | Getty Images Hindenburg Research, an upstart research and investment firm that made a name for itself with several successful short bets, is closing, founder Nate Anderson
<img src=”https://public.flourish.studio/visualisation/21179756/thumbnail” width=”100%” alt=”chart visualization” /> Municipals improved Wednesday amid a large new-issue slate, though underperformed a U.S. Treasury rally, after the consumer price index showed a slowdown in inflation. The CPI came in below expectations, while the core CPI, which strips out the more volatile costs of food and energy, was softer than expected.
Dr. Bob Froehlich, John Rogers, Jr. and Diane Swonk took the stage at the Executives’ Club of Chicago’s Annual Economic Outlook panel Tuesday.Executives’ Club of Chicago The Fed may have two more rate cuts in store this year, there is a floor forming under the Treasury bond market, a short recession is a possibility, and
Flames and smoke from the Palisades Fire surround a home (C) in the community of Topanga, California, on January 9, 2025. David Swanson | Afp | Getty Images Firefighters are still working to contain the record-breaking fires that have been raging for more than a week in Southern California. The fires in the Greater Los
Chicago general obligation debt was downgraded by S&P Global Ratings, which cited the city’s inability to confront its structural imbalance.Bloomberg News S&P Global Ratings downgraded Chicago’s general obligation debt to BBB from BBB-plus Tuesday, saying the city’s 2025 budget fails to address a persistent structural imbalance. The outlook, which S&P placed on credit watch negative
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s return to the White House could fuel a blockbuster 2025 on Wall Street, but concerns linger over inflationary policies and global strife, big US banks said as they unveiled bumper quarterly
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 5, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve is missing the bigger picture again. “The Fed looks like Mr. Magoo, driving around, bumping into things. Then became systematic, got inflation to come down,” Gundlach said in an
A lawsuit filed in Maricopa County Superior Court by the conservative Goldwater Institute challenges tax rate hikes approved by the Gilbert Town Council in October.AdobeStock The town council in Gilbert, Arizona, violated the state constitution by approving tax increases on services to fund infrastructure projects, according to a lawsuit filed by the Goldwater Institute. The
In this article IONQ QBTS RGTI QMCO Follow your favorite stocksCREATE FREE ACCOUNT D-Wave Systems Inc. logo of a Canadian quantum computing company is seen on a smartphone screen. Pavlo Gonchar | Lightrocket | Getty Images Quantum computing stocks rallied Wednesday, spurred by a directive from Microsoft urging businesses to get “quantum-ready” in 2025, and
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US stocks and bonds rallied after data published on Wednesday showed underlying price pressures easing more than expected, prompting investors to bet on swifter interest rate cuts this year. The figures from the Bureau of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Marc Rowan will remain as chief executive of Apollo Global Management for the next five years, cementing his leadership of the $700bn investment powerhouse as it pushes aggressively to become a cornerstone of global financing
As cigarette sales decline and tobacco giants lose market share to vaping upstarts, some assumptions underlying tobacco securitization bonds have been upended.Bloomberg News Less than five years after Ohio restructured the credit to avoid a default, the Buckeye Tobacco Settlement Financing Authority needed a debt service reserve draw to pay holders of its tobacco settlement
Dogecoin started a fresh increase above the $0.350 zone against the US Dollar. DOGE is now consolidating and might climb further if it clears the $0.3650 resistance. Dogecoin price started a fresh increase after it cleared the $0.320 resistance zone, like Bitcoin and Ethereum. DOGE was able to clear the $0.3420 and $0.350 resistance levels.
An analyst has explained how a crossover between these two Bitcoin metrics would have to happen before the ‘fun’ can begin for the asset. In a new post on X, analyst James Van Straten has discussed about the Realized Price and 200-week moving average (MA) for Bitcoin. The “Realized Price” here refers to an on-chain
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