Author: Press Room

After Casey DeSantis gave confusing guidance about the Iowa caucuses, the Trump campaign hit back.Casey DeSantis encouraged out-of-state supporters to “descend” on Iowa to boost Ron DeSantis’ bid.But she was making a pitch to volunteers. The Trump campaign alleged that the couple was inviting voter fraud. 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 Florida Gov. Ron DeSantis, trailing badly against former President Donald Trump in the 2024 Republican presidential primary contest, has gone all in on his goal of winning the Iowa caucuses.But a…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK’s small business lobby has asked the country’s top financial regulator to intervene over “harsh” banking practices that it says are forcing entrepreneurs to put their homes at risk unnecessarily. The Federation of Small Businesses told the Financial Times it had filed a “super-complaint” — the first to be made to the Financial Conduct Authority — focused on “banks that excessively demand personal guarantees for business loans”. A super-complaint is a fast-track procedure allowing designated consumer groups to raise issues they believe…

2/2 © Reuters. FILE PHOTO: The logo for Our Next Energy (ONE) is seen outside the company’s headquarters in Novi, Michigan, U.S., April 25, 2022. REUTERS/ Rebecca Cook/File photo 2/2 (Reuters) – Electric-vehicle battery startup Our Next Energy (ONE) said on Sunday that Paul Humphries will be its new CEO effective immediately, replacing Mujeeb Ijaz, who held the post since he founded the company. Ijaz, a former Apple (NASDAQ:) executive, will serve as vice-chairman of the board and take on the role of chief technology officer following Humphries’ appointment, ONE said. Humphries has also been a member of the ONE…

ozgurdonmaz/iStock Unreleased via Getty Images A private equity group has made a $5.8B offer to take Macy’s private. The offer from Arkhouse Management and Brigade Capital Management values the long-time department store chain at $21 per share, The Wall Street Journal reported. The two firms already own some Macy’s (NYSE:M) stock. Given Macy’s (M) closing price of $17.39 on Friday, the offer is a ~21% premium to that close. The newspaper said that the offer was made on Dec. 1 and the company’s board has met to discuss it, though there is no word on how the board is leaning.…

President Volodymyr Zelensky of Ukraine will travel to Washington on Tuesday for a last-ditch lobbying effort with President Biden and members of Congress aimed at securing billions of dollars of U.S. aid, officials said on Sunday.Karine Jean-Pierre, the White House press secretary, said Mr. Zelensky would meet with Mr. Biden at the White House to “underscore the United States’ unshakable commitment” to the embattled nation as it resists Russia’s invasion.“As Russia ramps up its missile and drone strikes against Ukraine, the leaders will discuss Ukraine’s urgent needs and the vital importance of the United States’ continued support at this critical…

I’m a car nut. When I was a kid, I read my dad’s car magazines religiously.I love vehicle design and the driving experience. So, when Tesla’s Cybertruck came out, I put a $100 reservation down. When early versions began appearing on the streets, I devoured the photos and videos online.My beloved wife of 20+ years has threatened to divorce me if I actually buy this vehicle. It’s divisive, and not just because of Tesla CEO Elon Musk’s controversial comments. You either love the Cybertruck’s angular look, or you think it’s too big and dumb.The online footage does make the truck…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter.The merger would have marked the largest deal of the year. Disagreement over financial arrangements, regulatory fears and falling share prices following reports of the potential tie-up drove Cigna’s decision to halt plans, the people said. Shareholders generally wanted their CEOs to carry out transformative deals but not in this environment, according to one person…

© Reuters. FILE PHOTO: A woman walks past a screen displaying the Hang Seng Index at Central district, in Hong Kong, China March 21, 2023. REUTERS/Tyrone Siu/File Photo By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are set for a positive open on Monday, taking the baton from Wall Street on Friday after a surprise fall in the U.S. unemployment rate bolstered the view that an economic ‘soft landing’ will be achieved and recession avoided. Looked at through a ‘good news is good news’ prism, the rise in Treasury yields and the…

© Reuters. FILE PHOTO: Shoppers look at clothes during Black Friday deals at Macy’s department store at the Roosevelt Field mall in Garden City, New York, U.S., November 24, 2023. REUTERS/Shannon Stapleton/File Photo (Reuters) -An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s (NYSE:) private, after stiff competition from online rivals took a big bite out of its value, the Wall Street Journal reported on Sunday. Arkhouse Management, a real-estate focused investing firm, and Brigade Capital Management, a global asset manager, submitted a proposal to acquire the…

fotostorm/E+ via Getty Images Looking ahead to 2024 for the fintech payment sector, BTIG is urging investors to focus more on a company’s ability to add customers than the amount of payment volume it processes. “Consumer payment volumes are just one leg of growth for payment companies,” and “value-added services are what drive merchants to platforms, not the simple ability to accept or reject a payment,” BTIG analyst Andrew Harte wrote in a note to clients. He highlights Buy-rated Lightspeed Commerce (NYSE:LSPD), Shift4 Payments (NYSE:FOUR), and Flywire (NASDAQ:FLYW) as payment stocks that can grow revenue independent of consumer spending trends.…