Author: Press Room
It’s difficult for presidents to directly control inflation in the short term. But the White House has addressed a few specific costs that matter for families, by releasing oil from the Strategic Petroleum Reserve to contain surging oil prices in late 2022, for example. The Inflation Reduction Act reduced prescription drug prices under Medicare and capped the cost of insulin for people with diabetes. The administration is also going after what it calls “junk fees,” which inflate the prices of things like concert tickets, airline tickets and even birthday parties.The more the administration talks about its concrete efforts to lower…
A tech conference organizer was accused of listing fake female panelists on his event website.Eduards Sizovs said two panelists had dropped out earlier while the last one was a placeholder.He also apologized and said it was a bad administration slip-up on his part. 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 An online software development conference has come under fire after its organizers were accused of listing fake female panelists on its website.The DevTernity Conference was slated to run from 7 to 8 December,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The author is vice-chair at Oliver Wyman and former global head of banks and diversified financials research at Morgan StanleyIf this is a “golden moment” for private credit, how might it play out and what are the risks?Higher rates and the regional banking turmoil earlier this year have spurred a growing conviction that private credit will bloom. The market is expected to grow from $1.6tn this year to $2.8tn, according to data provider Preqin. BlackRock is even more optimistic, forecasting growth to…
China’s economic indicators are signaling robust health as the People’s Bank of China (PBOC) reports a solid third-quarter GDP growth of 4.9%. This performance is key to achieving the nation’s economic targets, leveraging both cross-cyclical and counter-cyclical measures. The PBOC’s annual report, released Monday, underscores the central bank’s commitment to maintaining the yuan’s stability while embracing market-oriented reforms. In a strategic move to bolster economic momentum, the PBOC plans to adjust policy rates, which will lead to lower interest rates for the real economy and first-home loans. This initiative aims to enhance housing affordability and stimulate domestic demand. The central…
© Reuters. In a strategic move to strengthen Asia’s carbon trading capabilities, Mizuho Financial Group has announced an investment in Climate Impact X (CIX), a marketplace focused on high-quality carbon credits. This collaboration is set to enhance the availability of reliable carbon credits in the region, particularly beneficial for sectors with high carbon footprints. The Japanese financial giant, together with partners DBS, SGX, Standard Chartered (OTC:), and GenZero, is poised to make significant strides in Asia’s carbon market, pending necessary shareholder and regulatory consents. The investment aims to support CIX’s growth within Japan’s ambitious decarbonization framework and potentially extend its…
Oshkosh to produce Medium Equipment Trailer for U.S. Army in $342M contract
A senior Biden administration official was caught on camera butchering a popular phrase coined by the late former President Ronald Reagan about the federal government’s role in the everyday lives of Americans.”As, I think it was President Reagan said, ‘We’re from the government. We’re here to help,'” Education Secretary Miguel Cardona told those gathered at the Western Governors Association Winter Meeting in Jackson Hole, Wyoming on Monday.The context of his comments centered on the federal government working with state governors on funding priorities related to education, but were drastically different from what Reagan actually said in his often cited quote,…
PHILADELPHIA, PA – MAY 18: Former U.S. Vice President and Democratic presidential candidate Joe … [+] Biden speaks during a campaign kickoff rally, May 18, 2019 in Philadelphia, Pennsylvania. Since Biden announced his candidacy in late April, he has taken the top spot in all polls of the sprawling Democratic primary field. Biden’s rally on Saturday was his first large-scale campaign rally after doing smaller events in Iowa and New Hampshire in the past few weeks. (Photo by Drew Angerer/Getty Images)Getty Images It’s one year away from the next Presidential election and the Biden administration has taken an extraordinary step.…
Stay informed with free updatesSimply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox.Latest news on ETFsVisit our ETF Hub to find out more and to explore our in-depth data and comparison toolsDWS has launched four fixed-maturity bond exchange traded funds, after rival BlackRock rolled out similar products in Europe earlier this year.The Luxembourg-domiciled Xtrackers II Target Maturity Ucits ETFs, which aim to make regular quarterly payouts to investors and are liquidated at the end of their term, are available with fixed durations until September 2027, 2029, 2031 and 2033. They charge investors a…
© Reuters. Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File Photo By Leika Kihara TOKYO (Reuters) – A key measure of Japan’s trend inflation accelerated to 2.2% in October, data showed on Tuesday, marking a fresh record high in a sign of broadening price pressure that heightens the case for the central bank to dial back its massive monetary stimulus. The data adds to recent growing signs that prospects of sustained wage increases are prodding firms to hike prices for their services, a trend the central bank sees…