Author: Press Room

Republican presidential candidate and former South Carolina Gov. Nikki Haley responded Friday to a series of attacks from her political opponents, saying that her challengers in the race are losing and that they know that her campaign is “surging.”Haley’s comments came during an interview with Fox News Channel’s Martha MacCallum on “The Story,” where she also took aim at Florida Gov. Ron DeSantis over his comments about her record as governor of South Carolina and suggested that it’s up to him whether to drop out of the race as she gains momentum in the polls.Asked about recent campaign attacks by…

REITSgetty Real estate investment trust prices are showing pleasure again on the expectation that the Fed will soon (1st quarter, 2024?) be lowering interest rates. Treasury yields are already dropping with the 30-Year back to 4.44% after hitting a remarkable 5% in October. It’s all good “expected” news for rate-sensitive sectors. REITs definitely fit that category as lower rates would mean lowered costs among lenders and that brings in more buyers. They’ve been rallying strongly off of their October lows as the benchmark Real Estate Select Sector SPDR Fund clearly shows on this daily price chart: Real Estate Select Sector…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water is facing the prospect of a fresh parliamentary inquiry after being accused of misleading MPs over the state of its finances.Sir Robert Goodwill, chair of the cross-party environment, food and rural affairs committee, said the panel was considering a fresh investigation after the Financial Times revealed that Thames Water had presented a loan from its shareholders to its parent company as fresh equity.Alastair Cochran, finance director of Thames Water, told a hearing by MPs in July that its “incredibly supportive…

Henry A. Kissinger, the powerful diplomat who was awarded a Nobel Peace Prize and accused of being a war criminal for his realpolitik approach to foreign affairs, had a kind of second career on the society circuit, especially in the years after he served as secretary of state under Richard Nixon and Gerald Ford.Even as he published heavyweight books and advised presidents and business leaders on geopolitical matters, Mr. Kissinger, who died at his second home in Kent, Conn., at age 100 on Wednesday, was a frequent presence in gossip columns.His intellectual pursuits and social aspirations fortified each other as…

PlayStation users will soon lose access to hundreds of Discovery shows they purchased.Some of the titles leaving PS libraries include “19 Kids and Counting” and “Say Yes to the Dress.”PlayStation discontinued the sale of movies and tv shows on its store in 2021. 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 Sony is removing hundreds of Discovery titles from users’ video libraries that they already purchased.Users who bought any of the hundreds of listed programs will no longer be able to access the content…

JONGHO SHIN/iStock via Getty Images The Industrial Select Sector (XLI) rose +2.26% for the week ending Dec. 1, while the SPDR S&P 500 Trust ETF (SPY) climbed +0.83%. XLI was among the 9 of the 11 S&P 500 sectors which ended the week in green. Year-to-date, XLI has gained +10.72%, while SPY has soared +20.05%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +12% each this week. YTD, only 2 out of these 5 stocks are in the green. Plug Power (NASDAQ:PLUG) +30.84%. The Latham, N.Y.-based company’s shares…

House Speaker Mike Johnson, R-La., is looking to move forward with a formal impeachment inquiry vote against President Biden, saying that it is a “necessary step” as the White House continues to stonewall investigations by House Republicans into alleged wrongdoing by the Biden family.Johnson’s remarks came during a Saturday appearance on “Fox & Friends Weekend,” where he, along with House GOP conference chair Elise Stefanik, R-N.Y., spoke to several topics and were asked about plans to bring forth a vote on impeachment.”It’s become a necessary step,” he said. “Elise and I both served on the impeachment defense team of Donald…

Using a calculator to calculate the loan period each monthgetty Jeffrey Harmon of Lexington, S.C., was sentenced to 24 months in prison for preparing and filing false individual income tax returns for himself and his clients. According to court documents and statements, Harmon owned and operated TFL Worldwide, a tax preparation business, in South Carolina. To reduce his and his clients’ tax liability, Harmon consistently deducted non-deductible personal expenses, including rent and mortgage payments for personal residences, personal vacation travel, personal fitness and golf equipment, and country and hunt club membership fees. According to sentencing documents, Harmon used a coaching…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Fifty of the world’s top fossil fuel companies have promised to eliminate emissions from their own operations by the middle of the century as part of a package of controversial pledges unveiled at a UN climate summit in Dubai.ExxonMobil, TotalEnergies, BP and Shell were among the companies to agree to set or tighten voluntary deadlines for emissions reductions, along with state energy companies Saudi Aramco and the Abu Dhabi National Oil Company. None agreed to reduce hydrocarbon production.The companies, which represent about…

© Reuters By Yasin Ebrahim Investing.com – Rate cut bets took a big leap forward this week, with a March cut now more likely than not as the deflationary winds are expected to continue to blow through the economy, forcing the Fed to pivot into easing mode to ensure the economic landing from the fastest pace of rate hikes in four decades is soft rather than unnecessarily bumpy. “We expect that the continued deceleration in inflation over the next few months will motivate the Fed to cut the funds rate 25 bps at the meeting on March 20,” Jefferies said…