Author: Press Room

House lawmakers who are choosing to retire at the end of this term are lamenting the chaos and division that has plagued the chamber for much of this year. “My main reasons are personal,” said Rep. Dan Kildee, D-Mich., who is leaving at the end of his current term. “I decided when I first [entered office] that I’d stay for a decade, and it’ll be 12 years when I leave. But it’s hard to deny that the…personal sacrifice we make being away from our families seems less easily justified when we come here and not only is it a bit…

Getting fired from OpenAI was “unbelievably painful,” says Sam Altman.Altman said “the only comparable set of life experience” he had was when his father passed away.Altman was fired as CEO on November 17, but returned just days later. 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 Losing the OpenAI CEO gig hit Sam Altman very hard.”The only comparable set of life experience I had, and that one was of course much worse, was when my dad died,” Sam Altman told Trevor Noah in a podcast…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.One of the world’s largest investment groups has complained to the Federal Deposit Insurance Corporation over the way it handled the auction of $33.2bn in loans the US bank regulator absorbed from Signature Bank after the lender collapsed in March.Brookfield Property Group said the FDIC was running a “secret” process to sell Signature Bank loans. It accused the regulator, which has a mandate to minimise losses to its insurance fund, of picking some winning bidders for assets at prices substantially below the…

© Reuters. FILE PHOTO: The Federal Reserve building is seen in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo A look at the day ahead in European and global markets from Wayne Cole It’s set to be a pivotal week as the Federal Reserve leads a quintet of rich-world central bank meetings that will test market optimism for early and rapid-fire rate cuts next year. The U.S. consumer price report for November on Tuesday will also influence the outlook, with analysts forecasting an unchanged headline rate and a 0.3% rise in the core rate. The Fed meets Wednesday ahead of…

© Reuters. FILE PHOTO: A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo HANOI (Reuters) – U.S. chipmaker Nvidia (NASDAQ:)’s chief executive said on Monday the company will expand its partnership with Vietnam’s top tech firms and support the Southeast Asian country in training talent for developing artificial intelligence and digital infrastructure. Nvidia, which has already invested $250 million in Vietnam, has so far partnered with leading tech companies to deploy AI in the cloud, automotive and healthcare industries, a document published by the White House…

© Reuters. Investing.com– Gold prices fell below key levels in Asian trade on Monday as strong labor market data saw traders rethink bets that the Federal Reserve will begin trimming interest rates earlier in 2024. Spot prices fell below the $2,000 an ounce level, marking a sharp reversal from record highs hit last week. A resilient dollar and signs of strength in the U.S. economy were the key weights on the yellow metal, as risk sentiment improved.  fell 0.4% to $1,996.24 an ounce, while expiring February fell 0.1% to $2,012.75 an ounce by 23:19 ET (04:19 GMT). Both instruments were…

Sen. Bernie Sanders, I-Vt., on Sunday defended his decision to oppose a permanent cease-fire in Gaza, breaking with progressive Democrats in the House.Progressive “Squad” members, including Reps. Alexandria Ocasio-Cortez, D-N.Y., Ilhan Omar, D-Minn., Ayanna Pressley, D-Mass., and Rashida Tlaib, D-Mich., who was censured last month over her antisemitic chants “from the river to the sea,” which is a slogan that calls for the elimination of the state of Israel, have voiced explicit support for a cease-fire in Gaza.Appearing on CBS’ “Face The Nation” on Sunday, Sanders made a distinction, saying he supports a temporary humanitarian pause in Gaza, referencing the…

More than 500 Harvard faculty members are calling for Harvard to keep Claudine Gay as university president.Gay has apologized for her remarks during a congressional hearing on antisemitism.Penn’s president has already resigned. MIT’s board has issued a statement backing its president. 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 wake of Tuesday’s widely panned congressional hearing on antisemitism, Harvard, MIT, and the University of Pennsylvania have been facing growing calls from donors and business leaders to remove their presidents.Liz Magill, the president…

Latest news on ETFsVisit our ETF Hub to find out more and to explore our in-depth data and comparison toolsPassive index-tracking equity income funds have “consistently” underperformed their actively managed rivals over the past decade, research from Morningstar has shown.The findings are highly unusual in that the vast majority of active funds typically deliver worse returns than cheap passive alternatives over meaningful periods of time, at least after their higher fees have been taken into account. “Active managers in the global equity income category consistently outperform their passive counterparts, demonstrating a clear advantage,” said Monika Calay, director of passive strategies research…

© Reuters. Harvard University President Claudine Gay testifies before a House Education and The Workforce Committee hearing titled “Holding Campus Leaders Accountable and Confronting Antisemitism” on Capitol Hill in Washington, U.S., December 5, 2023. REUTERS/Ken Ce By Brad Brooks (Reuters) – Several hundred faculty members at Harvard University on Sunday signed a petition asking school administrators to not bend to political pressure to fire the school’s president over her Congressional testimony about antisemitism on campus. A concisely worded petition was signed by at least 570 professors and was delivered Sunday evening to the 13-member Harvard Corporation, which has the power…