Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.One problem with the so-called Goldilocks scenario is that it does not keep the bears away.Regulators the European Banking Authority offered some comfort in its annual state of risk report on Wednesday. Despite crises in other jurisdictions, the situation for the continent’s banks seem just right. High capital levels together with shareholder returns at record levels offers a warm glow. But the potential damage from high interest rates gives cause for discomfort.Markets seem content, for now. Government bond yields are falling sharply.…
© Reuters. German Chancellor Olaf Scholz speaks, as he receives relatives of members of the German Armed Forces and police officers on foreign missions, in Berlin, Germany December 11, 2023. REUTERS/Annegret Hilse By Maria Martinez, Andreas Rinke and Sarah Marsh BERLIN (Reuters) -Germany’s government clinched a last-minute deal on its 2024 budget on Wednesday that will see Berlin return to its self-imposed limits on new debt despite warnings this could hamper growth in Europe’s top economy and its green transition. Chancellor Olaf Scholz’s three-party coalition was faced with either suspending what is known as the debt brake or finding some…
© Reuters Investing.com — U.S. stocks struggled for direction Wednesday, as investors awaited the Federal Reserve decision and fresh projections about the path of interest rates amid ongoing hopes for rate cuts early next year. By 13:30 ET (18:30 GMT), the was up 2 points, while the was flat, and fell 0.1%. Fresh signs of slowing inflation; All eyes on Fed decision November were unexpectedly unchanged in November as a decline in the cost of energy products more than offset higher food prices, confirming that the country remained on a disinflationary path. Signs of ongoing disinflation come just a day…
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The Supreme Court agreed on Wednesday to decide a question at the heart of the federal election-interference case against former President Donald J. Trump and hundreds of prosecutions arising from the assault on the Capitol on Jan. 6, 2021. Can the government charge defendants in those cases under a federal law that makes it a crime to corruptly obstruct an official congressional proceeding?The decision to hear the case will complicate and perhaps delay the start of Mr. Trump’s trial, now scheduled to take place in Washington in March. The Supreme Court’s ultimate ruling, which may not arrive until June, is…
Michael Mele has been a professional Santa for 17 years.He worked at Macy’s flagship on New York’s 34th Street for 14 of them. He started as an elf.He’s been pooped on by a toddler and propositioned by a mom who said she wanted sex for Christmas. 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 This as-told-to essay is based on a conversation with Michael Mele. It has been edited for length and clarity.My background is in theater, and in October 2007, one of the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US Supreme Court has agreed to hear a case that will decide the availability of abortion pills, teeing up another legal battle over reproductive rights that will be heard as the country prepares for its next presidential election. The high court on Wednesday agreed to hear an appeal against lower court decisions that limited access to abortion pills containing mifepristone, which account for more than half of abortions in the US.The decision is the latest twist in legal wrangling between anti-abortion…
© Reuters. FILE PHOTO: Automobiles for sale are seen at Serramonte Volkswagen in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam/File Photo (Reuters) – U.S. new vehicle sales are expected to rise just 1% to 15.7 million units next year, car shopping website Edmunds said on Wednesday, as demand is likely to come under pressure from high interest rates even as vehicle supply improves. Electric-vehicle market share is expected to rise slightly to 8% of total new vehicle sales in 2024, from 6.9% in 2023 to date through November, Edmunds added. “While the year ahead holds the promise of further…
© Reuters. FILE PHOTO: Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020. REUTERS/Gonzalo Fuentes/File Photo (Reuters) – Apple is expected to be hit by a ban on its App Store rules that govern some music-streaming services and a potential hefty fine from European Union regulators, Bloomberg News reported on Wednesday. EU authorities are putting the finishing touches to a decision that would prohibit Apple’s practice of blocking music services from pushing their users away from App Store to alternative subscription options, the report said, citing people familiar with the…
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