Author: News Room

The US Air Force is preparing new charges within the military justice system against the Massachusetts Air National Guardsman who pleaded guilty in federal court earlier this year to posting a trove of highly classified intelligence reports and other documents on social media, according to an Air Force spokesperson. Jack Teixeira, 22, was arrested in April 2023 and pleaded guilty in March to all six counts he faced under the Espionage Act. Prosecutors have said they will ask a judge to impose a prison sentence of over 16 years. The final sentence will ultimately be decided by a federal judge in September. But after…

Stay informed with free updatesSimply sign up to the US interest rates myFT Digest — delivered directly to your inbox.The Federal Reserve has signalled that US borrowing costs are likely to remain higher for longer, as a it wrestles with persistent inflation across the world’s biggest economy. The Federal Open Market Committee said after its meeting on Wednesday that there had been “a lack of further progress” towards its 2 per cent inflation goal in recent months — an addition to its statement that in effect delays rate cuts until the second half of this year at the earliest.“It is…

Parsons Corporation (NYSE:PSN) Q1 2024 Earnings Conference Call May 1, 2024 8:00 AM ET Company Participants Dave Spille – Senior Vice President of Investor RelationsCarey Smith – Chairman, President & Chief Executive OfficerMatt Ofilos – Chief Financial Officer Conference Call Participants Sheila Kahyaoglu – JefferiesBert Subin – StifelAndrew Wittmann – BairdAlex Dwyer – KeyBanc Capital MarketsMariana Perez Mora – Bank of AmericaJosh Sullivan – The Benchmark CompanyLouie DiPalma – William Blair Operator Good day and thank you for standing by. Welcome to First Quarter 2024 Parsons Corporation Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being…

Last updated: May 1, 2024 12:42 EDT | 2 min read Proposed stablecoin legislation is unlikely to be tacked onto the must-pass Federal Aviation Administration’s (FAA) reauthorization bill despite attempts by Representatives Maxine Waters and Patrick McHenry, a Democratic aide on Capitol Hill revealed Tuesday.Stablecoin Legislation Merger With FAA Reauthorization UnlikelySpeaking with CoinDesk, the anonymous staffer claimed that leaders in both the Senate and the House of Representatives are not keen on adding legislation dealing with stablecoins onto the staple FAA bill. U.S. lawmakers typically pass less popular legislation to larger bills almost guaranteed to pass in hopes of drumming up…

Dozens of former Google workers filed a complaint with the US National Labor Relations Board on Tuesday after they were fired or placed on administrative leave last month for protesting the company’s cloud-computing contract with Israel’s government. The complaint accuses Google of retaliating against the workers for their “protected concerted activity, namely, participation (or perceived participation) in a peaceful, non-disruptive protest that was directly and explicitly connected to their terms and conditions of work.” The workers are seeking reinstatement of their jobs and back pay, according to No Tech for Apartheid, a group made up in part by Google and…

Focus now on labor report, says Morgan Stanley’s Jim CaronThe market is anticipating the Federal Reserve’s first rate cut will come in December, yet many forecasters are thinking July, said Jim Caron, chief investment officer of the portfolio solutions group at Morgan Stanley Investment Management. For Caron, the answer will come down to what happens with the labor market. “The fly in the ointment is going to be the labor report. If the labor market starts to weaken, I think that advances the time scale for the Fed to start to cut earlier,” Caron said on CNBC’s “Power Lunch. “If…

Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its “Core” teams, in a reorganization that will include moving some roles to India and Mexico, CNBC has learned.The Core unit is responsible for building the technical foundation behind the company’s flagship products and for protecting users’ online safety, according to Google’s website. Core teams include key technical units from information technology, its Python developer team, technical infrastructure, security foundation, app platforms, core developers, and various engineering roles.At least 50 of the positions eliminated were in engineering at the company’s offices in Sunnyvale,…

The amount Americans believe they will need to retire comfortably has increased faster than inflation, but what they are saving has dropped, a recent survey said.  U.S. adults believe they will need at least $1.46 million to retire in style, according to a Northwestern Mutual survey. This figure is up 15% from the $1.27 million Americans said they needed last year. In 2020, survey respondents thought having $951,000 stashed away would provide a good enough cushion.  At the same time, the average amount Americans have saved for retirement dropped to $88,400 from $89,300 in 2023, and is more than $10,000 off its…

President Joe Biden’s new student debt elimination proposal would bring relief for millions more Americans, but a Penn Wharton Budget Model (PWBM) analysis shows it could add another $84 billion to an already costly plan. The Biden Administration released a formal proposal to provide student debt relief to over 30 million borrowers. The new plan also proposes to eliminate accrued interest for 23 million borrowers and automatically discharge debt for borrowers eligible for loan forgiveness under SAVE, closed school discharge or other forgiveness programs, even if not enrolled. Additionally, student debt for borrowers who entered repayment for 20 or more years would be discharged.…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 7.000% as of April 1, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.000%, which is also unchanged from Friday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…