Author: News Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Boeing must either plead guilty to felony fraud or go to trial against the US government as the next step in a criminal case stemming from its door panel blowout, according to the latest terms offered to the company by the Department of Justice. Under the potential plea agreement, the airline would plead guilty to one charge of conspiring to defraud the US and pay a fine of $243.6mn, the second criminal penalty of this size in the case, according to someone familiar…
Why You Should Keep ASP Isotopes On Your Watchlist ASP Isotopes Inc. (NASDAQ:ASPI) with a life history of fewer than three years, is a specialty materials company, that is seeking to build clout in the terrain of Isotopes, where the supply chain is inherently quite fragile, and provides budding players, the opportunity to make a mark. For the uninitiated, Isotopes are atoms of the same chemical elements that have the same number of protons but different number of neutrons; for instance, take carbon which has three naturally occurring isotopes- Carbon-12, Carbon-13, and Carbon-14. All three of these isotopes will have…
A federal judge said Friday that card issuers Visa and Mastercard could likely withstand a “substantially greater” settlement with merchants who argued they overpaid swipe fees than the proposed $30 billion settlement she rejected last week. U.S. District Judge Margo Brodie of the Eastern District of New York provided that assessment in an 88-page opinion she released Friday, just three days after she rejected the preliminary $30 billion settlement.The agreement would have lowered and capped swipe fees, also known as interchange fees, that are paid by over 12 million merchants to handle Visa and Mastercard transactions. The judge called the…
Home prices continued to increase in March, reaching a new high despite homebuyers shying away from housing, according to the latest S&P CoreLogic Case-Shiller national home price index report. Home prices are now 6.5% above their level last year, on par with the increase registered in February. The 10-city composite increased 8.2% annually from 8.1% the previous month. At the same time, the 20-city composite posted a rise of 7.4%, up from 7.3% the previous month. The indices measure home prices in major metros across the country.Across the nation, home prices increased 0.3% month-over-month, slowing down from the 0.6% growth…
One of the most common emotions connected with money isn’t excitement, fear or even uncertainty. It’s ‘shame.’ This shame around money can cause deep havoc to the financial wellbeing because it’s often mixed with another common theme for American savers: A lack of financial education and knowledge. Both of these realities – lack of financial education and the shame around finances – work in tandem to derail goals, drive higher debts and reduce the potential for long-term security. Yet, in the U.S., financial literacy isn’t improving – and may be getting slightly worse. According to the annual P-Fin Index conducted…
The French far-right leader Marine Le Pen and party chief Jordan Bardella wore broad smiles as they pitched their “ticket” to voters with a view to taking power in 2027 — with her as president and him as prime minister. Using the original English word, the official unveiling of their duo in January was a new move in the context of French politics, where the president is elected directly and the post holds powerful institutional functions. Prime ministers are named afterwards to run the government and often sacrificed when presidents need to reboot in a crisis.The announcement in a joint interview…
Listen below or on the go on Apple Podcasts and Spotify Nonfarm payrolls are expected to rise by 200,000. (0:17) Why Apple may be the place to be. (3:12) Wall Street myth busting. (6:40) The following is an abridged transcript: Independence Day will mean low volume and a largely quiet week for Wall Street. But there will be some fireworks on Friday as well as Thursday for Fed nerds like me (while I’m not watching fellow colonials New Zealand take on England in cricket with the great commentary of Franke MacKay.) The stock and bond markets will close early on…
Mortgage rates increased this week for the first time in a month, returning above 7% as the home affordability crisis continues to hurt demand in the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage rose to 7.03% this week from 6.94% last week. The average rate on a 30-year loan was 6.79% a year ago. The average rate on the 15-year fixed mortgage also climbed to 6.36% from 6.24% last week. One year ago, the rate on the 15-year fixed note averaged 6.18%. Read the full article…
Since I have been a Roger Federer fan for decades, I was eager to watch the new documentary Federer: Twelve Final Days. We get to watch Federer from the time he announces his retirement until he plays his final match at the Laver Cup. What we witness is how difficult it is for him to let go of his calling and identity for most of his life. Federer talks about his emotions at the end of his career and how he plans to still be associated with tennis in some way. He acknowledges how tennis has been so good to…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sir Keir Starmer has warned the Labour party not to take the result of Thursday’s general election for granted as he said there were still “millions” of undecided voters across the country.With Labour 20 points ahead of the Conservatives in the opinion polls, the party is trying to avoid looking complacent on the eve of what could be a historic landslide victory after 14 years in opposition. Speaking at a rally of activists and high-profile supporters on Saturday afternoon, the Labour leader…
