Author: Press Room
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 adult film star and accused rapist Ron Jeremy will be released from jail to a private residence in Los Angeles after a judge on Thursday rejected prosecutors’ request to change the plan amid protests from Jeremy’s alleged victims. The 70-year old has been in custody on sex crimes charges, but a judge in Los Angeles ruled in January that he’s incompetent to stand trial because he has severe dementia. He was awaiting placement in a state facility,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Panera Brands, the casual dining group owned by investment group JAB, has filed confidential paperwork for an initial public offering in the US, according to people familiar with the matter.The Missouri-based group is aiming to go public next year, in the latest sign that the market for new listings could regain momentum after a two-year slowdown.JAB tried to sell the company to itself via a continuation fund earlier this year but could not garner support, according to three people familiar with the…
© Reuters. FILE PHOTO: A worker welds automobile parts at a workshop manufacturing automobile accessories in Huaibei, Anhui province, China June 28, 2019. Picture taken June 28, 2019. REUTERS/Stringer/File Photo By Liangping Gao and Joe Cash BEIJING (Reuters) -Mixed factory activity data for China in November suggests more stimulus will be needed to shore up economic growth, analysts said on Friday, as two surveys came to contrasting conclusions on the sector’s health. China’s economy has struggled to mount a strong post-COVID recovery due to an ailing housing market, local government debt risks and slow global growth. That has squeezed factory…
© Reuters. Investing.com– Most Asian stocks retreated on Friday, seeing a measure of profit taking after clocking strong gains through November, with focus now turning to an upcoming address from Fed Chair Jerome Powell for more cues on interest rates. Mixed economic signals from China also kept sentiment largely constrained, as a showed an unexpected rebound in Chinese manufacturing activity in November. But the reading came a day after a showed persistent weakness in the sector. China’s and indexes fell 0.8% and 0.3%, respectively, while Hong Kong’s index sank 0.5%. The three had widely lagged their Asian peers in November,…
© Reuters Investing.com– Oil prices fell slightly in Asian trade on Friday, extending losses from the prior session as the OPEC+ cut supply by a smaller-than-expected margin, while weak data from China added to concerns over worsening demand. Crude prices wiped out most of their gains made earlier this week, and were now set to end the week a smidge higher. They were also nursing two straight months of losses. The Organization of Petroleum Exporting Countries and allies (OPEC+) said on Thursday it will cut production by an additional 2.2 million barrels per day (bpd) in the first quarter of…
Nvidia director Dawn Hudson sells common shares worth ~$5.3M
The Fox News debate between Democratic California Gov. Gavin Newsom and Republican Florida Gov. Ron DeSantis quickly got heated Thursday evening as the two sparred about their respective track records.Newsom and DeSantis particularly traded jabs over their states’ different approaches to tax policy and handling of the COVID-19 pandemic. “He has one of the most regressive tax rates in the United States, the number three most-regressive state in America,” Newsom remarked, referring to Florida. “And what that means is simply this: Who does he tax? He taxes low income workers more than we tax millionaires and billionaires in the state of…
tax evasion and avoidance Getty Rafael Ramos, of Orlando, Florida, was sentenced to 27 months in prison for promoting a scheme to file false documents with the IRS to fraudulently obtain large tax refunds. Ramos pleaded guilty on Sept. 5, 2023, to conspiring to defraud the United States, filing a false tax return for himself, and aiding and assisting in the preparation of a false tax return. He had initially been indicted on Jan. 7, 2021, by a grand jury charged with conspiracy, filing a false tax return for himself and his wife, and six counts of aiding and assisting…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A federal judge has stopped a US state’s landmark ban on TikTok from going into effect, in an important test case for the widespread political backlash that has grown in the country against the Chinese-owned video sharing app.Montana’s Senate Bill 419, which was signed by the state’s Republican governor Greg Gianforte in May, would have gone into effect in January and imposed a ban on downloads of the app.On Thursday, Judge Donald Molloy granted TikTok’s request for a preliminary injunction after the…
© Reuters. FILE PHOTO: Bull statues are placed in font of screens showing the Hang Seng stock index and stock prices outside Exchange Square, in Hong Kong, China, August 18, 2023. REUTERS/Tyrone Siu By Stella Qiu SYDNEY (Reuters) – Asian sharemarkets started the last month of the year on a cautious note after recent strong gains, though growing expectations Europe and the U.S. are poised to cut rates should help ease pressure on local currencies and central banks. Global oil prices extended losses after a drop of more than 2% overnight as voluntary oil output cuts by OPEC+ producers for…