Author: Press Room
The writer is a contributing columnist, based in ChicagoIt’s been a rough few decades for American horseracing — and the past few weeks could mark a new low point for the sport of kings.This should be prime time for the sport: for a magical few weeks in spring and summer, three-year-olds compete in the Triple Crown of thoroughbred racing, starting with the iconic Kentucky Derby.But the headlines this Triple Crown season — my 60th — have been dominated by death. A dozen horses have died over the past month at Churchill Downs, the Kentucky Derby track, and one horse, Havnameltdown,…
© Reuters. FILE PHOTO: U.S. President Joe Biden speaks with members of his “Investing in America Cabinet” in the Roosevelt Room at the White House in Washington, U.S., May 5, 2023. REUTERS/Leah Millis/ By Jason Lange WASHINGTON (Reuters) – The U.S. is rapidly approaching the deadline for Congress to pass a deal, reached over the weekend by Democratic President Joe Biden and top congressional Republican Kevin McCarthy, to suspend the government’s $31.4 trillion debt ceiling or risk a catastrophic default. WHEN WAS THE DEBT CEILING REACHED? Washington regularly sets a limit on federal borrowing. Currently, the ceiling is roughly equal…
© Reuters. FILE PHOTO: Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, U.S. January 27, 2023. REUTERS/Jonathan Ernst/File Photo HONG KONG/SHANGHAI (Reuters) – Tesla (NASDAQ:) Chief Executive Elon Musk is expected to visit China this week, three people with knowledge of the matter said, in what would be his first trip to the country in three years. Musk is expected to meet senior Chinese officials and to visit Tesla’s Shanghai plant, two of the sources said. It was not immediately clear who Musk would meet and what they would discuss. The people…
© Reuters. Investing.com — Oil prices dropped on Monday, paring back earlier gains, as optimism over the debt ceiling agreement was tempered by renewed expectations that the will carry on with its long-running campaign of interest rate hikes. By 07:00 ET (11:00 GMT), futures traded 0.15% lower at $72.56 a barrel, while the contract slipped 0.30% to $76.75 per barrel. Volumes are expected to remain muted with U.S. and U.K. markets closed for a holiday. Both of the benchmarks, which are coming off of two consecutive weeks of gains, were initially boosted by hopes that the deal to lift the $31.4…
Love Hate Inu CEO Carl Dawkins, a well-known crypto personality, is outraged that social media giant Instagram won’t give him a verification blue tick – and as a result hundreds of people are being scammed.Instagram is owned by Meta, the parent company of Facebook. Both social media platforms have a strict policy governing the adverts they will run from crypto companies, but are much less vigilant, it seems, when it comes to protecting their users from fraudsters.Dawkins, who is an adviser to the UK Crypto and Digital Assets All Party Parliamentary Group, is not requesting a blue tick for his own…
close Video Fox News Flash top headlines for May 29 Fox News Flash top headlines are here. Check out what’s clicking on Foxnews.com.Vermont’s governor has vetoed a state budget that would have been the largest in the state history. DEMOCRAT-CONTROLLED VERMONT SENATE OVERRIDES GOV. PHIL SCOTT’S VETO OF CLEAN-HEAT BILL Republican Vermont Gov. Phil Scott has vetoed a proposed state budget of over $8 billion, which would have been the largest in the state’s history had he signed it into law. (AP Photo/Wilson Ring)Republican Gov. Phil Scott said the proposed budget, which is well over $8 billion, would unfairly raise…
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A $33.5 million home is for sale in Brookville, Long Island. Brookville is the second-most affluent neighborhood in the US, Insider previously reported. The home, nicknamed “Shangri-La,” has eight bedrooms, nine full bathrooms, and sits on 21.9 acres. 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 On the Gold Coast of Long Island, New York, there are homes that wouldn’t have been out of place in “The Great Gatsby.” One of these properties is a $33.5 million mansion nicknamed “Shangri-La.”It’s located in the small…
UNITED STATES – MAY 23: Speaker of the House Kevin McCarthy, R-Calif., talks with reporters about … [+] the debt ceiling negotiations in the U.S. Capitol on Tuesday, May 23, 2023. (Tom Williams/CQ-Roll Call, Inc via Getty Images)CQ-Roll Call, Inc via Getty Images House Republicans just approved a plan to repeal key Biden student debt relief initiatives. Advocacy groups are warning that if the plan is ultimately enacted, millions of borrowers could have their student loan forgiveness credit voided. And thousands who already received loan forgiveness could have their discharged debts reinstated. Biden has promised to veto the measure. But…
The writer is a director in the competition practice at Frontier EconomicsThe UK government wants to promote growth. The UK Competition and Markets Authority exists to promote competition. There was a time when these two goals seemed perfectly compatible. But the body’s recent veto on a merger between Microsoft and Activision Blizzard caused the latter company to complain that the UK was “clearly closed for business”.The decision is all the more remarkable given that the EU has now allowed the merger. Notably, the two authorities didn’t differ much in their market analysis — both were worried about potential anti-competitive effects in cloud gaming…