Author: Press Room
The liberal activist organization MoveOn laid off at least 18 employees this week, in the latest sign of a slowdown in donations from small donors to left-leaning causes and candidates.“We are retooling our team to meet the urgent needs of this moment and to have the resources necessary to do so,” Rahna Epting, MoveOn’s executive director, said. “I extend my sincere gratitude to our departing colleagues and for the incredible contributions they’ve made to the MoveOn community.”The job cuts are part of a broader restructuring before the 2024 election cycle that the group announced in June, according to a MoveOn…
A new book about “The Squad” details Alexandria Ocasio-Cortez’s relationship with Nancy Pelosi.Though they’ve worked together at times, their relationship has also had complications.Ocasio-Cortez says colleagues have treated her better since Pelosi stepped down from leadership. 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 Rep. Alexandria Ocasio Cortez and former House Speaker Nancy Pelosi may both be Democrats, but that doesn’t mean the two have always agreed.A new Guardian report on a forthcoming book about the “Squad” from reporter Ryan Grim offers further details on…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Opec+ members have agreed to make additional voluntary cuts to oil production in 2024 in an increasingly fraught attempt to bolster the market, but crude prices fell due to signs of ongoing strains in the group.Saudi Arabia pledged to extend an existing voluntary cut of 1mn barrels a day until the end of the first quarter while Russia said it would deepen its existing voluntary export reduction to 500,000 b/d from 300,000 b/d, as the group looks to offset a stuttering global…
© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen attends a press conference in San Francisco, California, U.S., November 10, 2023. REUTERS/Carlos Barria/File Photo By Howard Schneider BESSEMER CITY, North Carolina (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday she believes the U.S. economy does not need further drastic monetary policy tightening to stamp out inflationary expectations and was on track to achieve a “soft landing” with strong employment. Yellen told reporters after a speech at a lithium processing plant in North Carolina that in the past, the Federal Reserve sometimes had to tighten monetary policy so much…
© Reuters. FILE PHOTO: The Federal Reserve building is seen in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts//File Photo By Matt Tracy (Reuters) – Tight credit spreads and strong investor demand for highly-rated bonds has prompted some U.S. companies to refinance debt maturing in the next few years rather than wait for expected U.S. interest rate cuts in 2024 to lower borrowing costs. November saw a sharp rise in refinancing activity as Treasury yields fell and average spreads on investment-grade debt – the premium charged over Treasuries – touched 111 basis points or the lowest level this year, according to…
Soligenix wins FDA nod to conduct trial for rare disease therapy
Republican senators are up in arms over an effort by Democrats to subpoena billionaire Harlan Crowe and conservative activist Leonard Leo over their ties to luxury travel and gifts accepted by Supreme Court justices. The Senate Judiciary Committee voted Thursday to subpoena the conservatives after consideration of several judicial nominees. Chairman Sen. Dick Durbin, D-Ill., said in his opening remarks the subpoenas are “key pieces of our legislative effort to establish an effective code of conduct” for the Supreme Court. “I don’t buy anything you just said,” Ranking member Sen. Lindsey Graham, R-S.C., replied. “Let’s just be real blunt and direct: This…
DES MOINES, IOWA – JULY 15: Democratic presidential candidate former U.S. Vice President Joe Biden … [+] pauses as he speaks during the AARP and The Des Moines Register Iowa Presidential Candidate Forum at Drake University on July 15, 2019 in Des Moines, Iowa. Twenty Democratic presidential candidates are participating in the forums that will feature four candidate per forum, to be held in cities across Iowa over five days. (Photo by Justin Sullivan/Getty Images)Getty Images Some of things that helped boost the economy this year may hurt it next year,new research shows. “Fiscal stimulus in 2023 was part of…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nelson Peltz has launched a second proxy battle at Walt Disney after the entertainment group rejected his push to join the board, setting off another bitter fight between the activist investor and chief executive Bob Iger. Peltz’s Trian Partners fund, which owns a $3bn stake in Disney, said in a statement on Thursday that it intended to take its “case for change directly to shareholders,” after Iger again turned down Trian’s request for board representation. “Since we gave Disney the opportunity to prove it…
© Reuters. FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo/File Photo By Huw Jones LONDON (Reuters) – The European Union will not introduce a retail labelling system anytime soon for cracking down on misleading sustainability claims made by investment funds to attract cash, an Irish central banker said on Thursday. Earlier this week Britain, no longer a member of the EU, set out a new system for labelling funds to stop greenwashing, or unsubstantiated claims about sustainability. Derville Rowland, deputy governor of the Central Bank of Ireland, said…