Author: Press Room

House Democrats on Tuesday moved to force a vote this week on whether to expel Representative George Santos of New York from office, a strategic effort to prevent Republican leadership from slow-rolling any bid to push one of their own out of office.The Democratic effort, led by Representatives Robert Garcia of California and Dan Goldman of New York, comes shortly after another resolution introduced this month by the Republican chairman of the House Ethics Committee, following its scathing report that found “substantial evidence” that Mr. Santos, a Republican, had violated the law.When the ethics chairman, Representative Michael Guest of Mississippi,…

Chinese social media is treating Charlie Munger, who died at 99 on Tuesday, with great reverence.Weibo, which is often filled with anti-US messages, was flooded with tributes to Munger.Even state media published a list of Munger’s one-liners, and many posts lauded him for his old age. 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 As Wall Street mourns the death of investing legend Charlie Munger, Chinese social media is tipping its hat to the man.A collective sense of awe toward the longtime Berkshire Hathaway…

Since buying a home in Niseko eight years ago, Tracy Lenard, a mountain guide, has watched as the quiet town in the northern island of Hokkaido transformed into Japan’s most popular international resort.Tourism activity and real estate transactions mostly stalled during the pandemic, but skiers and investors are returning for “revenge buying” on the back of a sharply weaker yen and as global warming has boosted the value of Niseko’s reliably consistent volume of high-quality powder snow.“The weak yen is exacerbating the pent-up demand,” says Lenard, an American who moved from Tokyo to settle in Niseko after visiting the town…

5/5 © Reuters. Virgin Atlantic Boeing 787 arrives to complete the first 100% Sustainable Aviation Fuel transatlantic flight from London’s Heathrow airport to John F. Kennedy International Airport, in New York City, U.S., November 28, 2023. REUTERS/Brendan McDermid 2/5 By Sarah Young and Joanna Plucinska LONDON (Reuters) -A Virgin Atlantic passenger jet powered by 100% sustainable aviation fuel (SAF) completed a London-to-New York jaunt on Tuesday, showcasing the potential of low-carbon options, which are a tiny fraction of the industry’s fuel mix. The flight is not the first time the industry has staged demonstrations to highlight its aspiration to reduce…

© Reuters. Biotech company Biomea Fusion has caught the attention of Wall Street after Citi, in a note released on Nov. 22, issued a Buy rating and set a remarkable $90 share price target, indicating around 800% upside. This optimistic forecast is based on the potential of Biomea’s covalent therapies, including its promising BMF-219 diabetes treatment, which could reach $1.9 billion in U.S. sales by 2035. Despite the inherent risks associated with biotech volatility and the uncertainty of clinical trials, Biomea’s stock has shown resilience with an approximate 18% increase year-to-date (YTD). This bullish sentiment is echoed by FactSet, which…

© Reuters. Investing.com– Gold prices rose in Asian trade on Wednesday, reaching a near seven-month high as a string of dovish signals from Federal Reserve officials ramped up bets on an early pivot by the central bank.  A drop in the – to near four-month lows, benefited the yellow metal, as did retreating U.S. Treasury yields. The fell to a two-month low in Asian trade. Caution before a string of key economic readings this week- from the U.S. and China- also kept safe haven demand for gold upbeat, especially as a several weak readings from Japan and the euro zone…

Jerod Harris/Getty Images Entertainment Miriam Adelson, the widow of casino magnate Sheldon Adelson, is selling $2 billion of shares in Las Vegas Sands (NYSE:LVS) so she can buy a majority stake in the Dallas Mavericks NBA team from billlionaire Mark Cuban. Cuban,a tech billionaire known for his role on ABC’s “Shark Tank” entrepeneur show, plans to keep a stake in the NBA franchise, according to media reports on Tuesday, including Bloomberg. A deal is expected to be announced shortly. The sale puts the Maverick’s franchise total valuation at $3.5 billion, the Athletic reported earlier on Tuesday. Cuban will retain a…

Senate Majority Leader Chuck Schumer is expected to give a major address on Wednesday addressing soaring antisemitism in the U.S. amid the ongoing war between Israel and Hamas. In a Tuesday afternoon post on X, formerly known as Twitter, the Democratic leader said “antisemitism is a crisis in the country.” JON LOVITZ SAYS ANTISEMITISM HE’S EXPERIENCED IN HOLLYWOOD ‘IS FROM OTHER JEWS’”As the highest-ranking Jewish elected official, I feel compelled to speak about it,” he said. “I’ll be giving a major address on it tomorrow.” Antisemitism has proliferated across the United States – much like the rest of the world – since Oct.…

The financial stability North Carolina’s historically strong Teachers’ and State Employees’ … [+] Retirement System pension system could take a dramatic turn for the worse if lawmakers don’t act.Getty Images/iStockphoto North Carolina has a long track record for managing one of the best public pension plans in the U.S. Moody’s Investors Services recently reported that North Carolina has one of the top pension plans in the nation when looking at its Adjusted Net Pension Liability. And CEM Benchmarking ranked North Carolina’s pension system as the most efficient in North America. But the financial stability of the Teachers’ and State Employees’…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A task force set up by Hong Kong’s government to boost stock market listings and trading activity has urged the territory to focus its efforts on companies and investors in the Middle East and south-east Asia, after outreach to the US and Europe was held back by China’s strict zero-Covid policies.The recommendations, which have not previously been made public, are intended to help increase trading volumes in the Asian financial hub. New listings of Chinese companies in Hong Kong have run dry,…