Author: Press Room

The Education Department announced investigations into six more colleges and universities on Tuesday, adding to a growing list of institutions that the agency is examining over complaints of campus discrimination.The schools named by the department were Stanford, the University of California-Los Angeles, the University of California-San Diego, the University of Washington-Seattle, Rutgers University in New Jersey and Whitman College in Washington State. The investigations into some of the most prominent West Coast institutions come weeks after the Education Department opened similar inquiries into a number of elite East Coast schools, including Harvard, Cornell, Columbia and the University of Pennsylvania.Under Title…

Ruby Freeman, a Georgia poll worker who Rudy Giuliani defamed, testified at her trial Wednesday.She described the torrent of racist threats and harassment she received following his false claims.One person hoped she and her daughter would hang from the Capitol and said “I pray that I will be close enough to hear your necks snap.” 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 In the weeks after the 2020 election, Ruby Freeman feared for her life.The grandmother, clothing boutique owner, and Fulton County election…

US Treasuries staged a historic rally and stocks jumped as comments from Federal Reserve chair Jay Powell further spurred a rally that began after the central bank published a more dovish outlook than investors had anticipated.The yield on the policy-sensitive two-year note was down 0.25 percentage points in afternoon trading at a six-month low of 4.48 per cent. That ranked as its biggest daily drop since the collapse of Silicon Valley Bank in March.At its intraday low, the two-year yield was down 0.3 percentage points, which would have ranked as its 10th-largest one-day move this century. Bond prices rise as…

© Reuters. FILE PHOTO: A man walks in front the Central Bank headquarters building in Brasilia, Brazil March 22, 2022. REUTERS/Adriano Machado/File Photo By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank lowered its benchmark interest rate by 50 basis points on Wednesday for the fourth time in a row and signaled that it would keep cutting rates at that pace beyond its next meeting in January. Despite acknowledging cooling inflation and improvements in the global economy, the central bank held a steady outlook for its next steps, frustrating some economists who expected policymakers to open the door for bigger rate…

© Reuters. FILE PHOTO: Adobe logo is seen on smartphone in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration (Reuters) – Photoshop maker Adobe (NASDAQ:) said on Wednesday it was facing regulatory scrutiny over its subscription models and forecast annual and quarterly revenue below estimates, sending its shares down more than 5% in after-hours trading. The San Jose, California-based company said in a regulatory filing that since June 2022 it has been cooperating with the Federal Trade Commission (FTC) in response to a civil investigative demand seeking information regarding its disclosure and subscription cancellation practices. “In November 2023, the FTC…

AppLovin (NASDAQ:APP) executive Victoria Valenzuela disclosed in an SEC filing on Wednesday after the bell a sale of 26,097 shares of the company worth over $965,000. The sales reported 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 14, 2022. Over the past 3 months, there have been 27 total insider trades, with 9 open market buys and 18 seller trades. The number of shares bought under 9 open market buys was 966,308, while 29,398,572 shares were sold under 18 seller trades. SEC filing.

Senate Republicans say they are seeing progress in talks on potential border policy changes to be included in a supplemental spending package requested by the White House, although it isn’t clear if a deal is possible.Talks have been ongoing between Senate lawmakers and the administration over a supplemental funding request that includes border funding as well as aid for Israel and Ukraine.But Republicans and Democrats have found sharp disagreement on the contents of the border funding section, with Republicans demanding stricter limits on initial asylum screenings and the use of parole. House Republican leadership has called for the inclusion of…

Most Democrats voted against a resolution condemning antisemitism on college campuses.That’s because the resolution essentially called for the presidents of Harvard and MIT to resign.It comes after a contentious hearing led to the resignation of Penn President Liz Magill. 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 The House on Wednesday overwhelmingly passed a resolution condemning antisemitism on college campuses in the wake of a contentious and viral hearing on the topic last week.The resolution, which essentially calls for the presidents of Harvard and…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.French media conglomerate Vivendi is considering splitting itself up into three businesses that would all be listed separately, in what would be a major overhaul piloted by owner Vincent Bolloré.The Paris-based company said it has begun work with bankers and lawyers to evaluate the feasibility of such a plan, which it said was aimed at maximising its valuation.“Vivendi has endured a significantly high conglomerate discount, substantially reducing its valuation and thereby limiting its ability to carry out external growth transactions for its…

© Reuters Investing.com — The Federal Reserve kept interest rates steady on Wednesday for the third straight meeting, and signaled deeper cuts for next year as inflation is expected to cool faster than initially anticipated.   The Federal Open Market Committee, or FOMC, kept its at a more than two-decade high range of 5.25% to 5.50%.  Fed sees deeper cuts amid progress on inflation The Fed removed its forecast for an additional hike this year, projecting that rates have now peaked at 5.4%, and tacked on a further rate cut for next year. Fed members estimated that the benchmark rate will…