Author: Press Room
(Photo by BAY ISMOYO/AFP via Getty Images)AFP via Getty Images I must get at least one email a week saying that I have a delivery item that is waiting for me at the Post Office or some warehouse. I never click on the link, which will grab my financial information and charge me a fee. It’s a perennial scam these days, mostly targeted to older Americans. According to the Cybercrime Support Network, the way a shipping scam typically works is “the seller claims that the product you purchased is ready for shipment but requests an additional payment for shipping fees.”…
This article is an on-site version of The Lex Newsletter. Sign up here to get the complete newsletter sent straight to your inbox every Wednesday and FridayDear reader, Charlie Munger, Warren Buffett’s veteran sidekick, died this week. The vice-chair of investment group Berkshire Hathaway had a penchant for zingy aphorisms. The one I always remember is: “Capitalism without failure is like religion without hell.”Munger was smartly articulating a principle that is well understood in the US and which underpins its commercial strength. Capitalism is a test bed where businesses either flourish or fail. You cannot have one without the other.This…
Oat_Phawat The materials sector had a bull run this week, with the S&P 500 materials sector up +3.05% and Materials Select Sector SPDR Fund up +3.13%, benefiting in part from comments from Federal Reserve speakers that has led to a general consensus that the central bank is done hiking rates. Federal Reserve Chair Jerome Powell said the risks of under- and over-tightening are becoming more balanced, suggesting that the Fed had finished its policy tightening moves and could cut rates early next year. As a result, Comex gold (XAUUSD:CUR) rallied Friday to their highest-ever settlement and third consecutive weekly gain.…
From a worsening migrant crisis to an FBI probe into his campaign finances, New York City Mayor Eric Adams’ political struggles have continued to build over the past year.The challenges are once again threatening to derail his administration in ways reminiscent of former New York Gov. Andrew Cuomo’s downfall, one political expert told Fox News Digital.According to Nicholas Giordano, a political science professor at Suffolk Community College and a Leadership Institute Campus Reform Higher Education fellow, Adams’ fate amid these brewing challenges will ultimately rest with those in his own party. How Democrats react to recent potential scandals could determine…
Fortunegetty With the S&P 500 up double-digits this year, the media is at it again—cranking up worries that we’re headed for another crash. “Stock-Market Crash: Expert Shares Huge ‘Red Flag’ Signaling Recession,” says Business Insider. “Will the Stock Market Crash? This Hedge-Funder Thinks So,” declares New York Magazine. And on it goes. I suppose it makes sense, given that the S&P 500’s roughly 19% gain so far this year is a lot more than its typical return. Thing is, 2023 does not exist in a vacuum divorced from history, and just a tiny bit of history shows we’re not yet…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sir James Dyson has lost his libel battle against the publisher of the Daily Mirror over an article that branded the billionaire a hypocrite for supporting Brexit before moving his head office to Singapore.The industrialist, who made his fortune from bagless vacuum cleaners, sued over the column that claimed children would draw the lesson from Dyson that they could “talk the talk, then screw your country”.But London’s High Court dismissed the inventor’s claim in a ruling handed down on Friday.The judge, Mr…
3/3 © Reuters. U.S. Vice President Kamala Harris speaks during the United Nations Climate Change Conference COP28, in Dubai, United Arab Emirates, December 2, 2023. REUTERS/Amr Alfiky 2/3 By Richard Valdmanis, Sarah McFarlane and Simon Jessop DUBAI (Reuters) -U.S. Vice President Kamala Harris sought to claim the mantle of global climate leadership for the United States on Saturday in a speech to the COP28 summit, listing a slew of initiatives to cut emissions and harness renewable energy in the world’s largest oil and gas producer. The address came on the second day of back-to-back speeches by world leaders at the…
ilbusca There has been some buzz in the last week over the potential for sports betting legislation in Texas to take another step forward. The excitement began when Dallas Mavericks owner Mark Cuban reportedly entered into a $3.5B agreement to sell a majority stake in the Dallas Mavericks NBA franchise to Miriam Adelson and her family. Adelson is one of the largest shareholders in casino giant Las Vegas Sands (LVS). The company disclosed in a filing during the week that the Adelsons were selling $2B worth of their shares to free up cash to buy a professional sports team. While…
A federal appeals court ruled on Friday that civil lawsuits seeking to hold former President Donald J. Trump accountable for the violence that erupted at the Capitol on Jan. 6, 2021, can move forward for now, rejecting a broad assertion of immunity that Mr. Trump’s legal team had invoked to try to get the cases dismissed.But the decision, by a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit, left open the possibility that Mr. Trump could still prevail in his immunity claims after he makes further arguments as to why his fiery speech to…
Donald Trump has picked a terrible political fight.The former president is still hellbent on repealing Obamacare.Biden and Democrats could not be more delighted by his choice. 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 Former President Donald Trump just couldn’t help himself. All it took was a less-than 600-word editorial to set him off. Trump has never had a reputation for self-control, but this time his detour may end up being one of the dumbest moves during an otherwise dominating primary campaign.Because once again,…