Author: News Room

Authorities arrested a man Sunday in connection with an alleged arson at Sen. Bernie Sanders’ office in Vermont last week, according to the Justice Department. Shant Soghomonian, 35, was charged with using fire to damage the building in Burlington on Friday, according to a Justice Department news release. Soghomonian, who has also gone by the name Michael, is previously of Northridge, California, the agency said. Soghomonian allegedly entered the building Friday morning and went to the third floor, where the independent senator’s offices are located, according to court records cited by the Justice Department. “Soghomonian was recorded on a security video spraying a liquid…

Stay informed with free updatesSimply sign up to the World myFT Digest — delivered directly to your inbox.Hello and welcome to the working week. US diplomacy is the name of the game, as US President Joe Biden hosts Japanese Prime Minister Fumio Kishida for a state visit to the White House on Wednesday, focusing on how the US and its allies should counter the growing influence of China. On Thursday Biden and Kishida will be joined by President Ferdinand Marcos Jr of the Philippines for the first trilateral leaders’ summit between the three nations to talk about the growing security…

Listen below or on the go on Apple Podcasts and Spotify The Consumer Price Index for March is due with Fed June odds 50/50. (0:19) J.P. Morgan, Citi and Wells Fargo kick off earnings season. (1:29) Paramount Global nearing deal with Skydance? (3:05) The following is an abridged transcript The top stories to look out for Macro focus will be on the March consumer price index, which hits on Wednesday. Economists expect that the headline number rose 0.3% on the month, pushing the annual rate up to 3.4% from 3.2%. The core CPI, which excludes food and energy, is forecast…

Last updated: April 7, 2024 12:00 EDT | 2 min read Political campaigns in South Korea are leveraging the country’s prominent crypto market to attract voters ahead of the parliamentary election. Both major political parties, President Yoon Suk Yeol’s People Power Party and the opposition Democratic Party, have included crypto-related promises in their campaign platforms.The People Power Party has pledged to delay the implementation of a digital-asset tax, recognizing the importance of the crypto industry to voters.On the other hand, the Democratic Party has focused on lifting restrictions on exchange-traded funds (ETFs), including those holding US Bitcoin products. South Korea to Offer Exposure to…

American manufacturers have been squeezed for the past two years by lingering supply-chain disruptions and high interest rates, but the industry finally expanded in March for the first time in 16 months, according to the Institute for Supply Management. But a resurgence in the industry could complicate the Federal Reserve’s ongoing inflation fight, either delaying the first interest rate cut or resulting in fewer cuts this year, some economists say. Interest rates have been at a two-decade high since July, after the Fed raised rates aggressively over the prior year and a half. ISM’s latest purchasing managers index for the…

Deryl McKissack’s career is a culmination of effort from five generations.The 62-year-old is the president and CEO of McKissack & McKissack, the Washington, D.C.-based construction management and design firm behind some of today’s most recognizable buildings — from building the Smithsonian African American Museum of History and Culture to repairing the Abraham Lincoln and Thomas Jefferson memorials.The firm’s legacy dates back to her great-great grandfather Moses, a skilled brick maker who originally came to the U.S. as a slave in 1790. His skills were passed down and cultivated from generation to generation, prompting two of his grandsons to create a construction…

While relatively few companies have shifted to a four-day workweek, the advent of artificial intelligence apps like ChatGPT and Google’s Gemini could hasten the shift. A recent survey by Tech.co of 1,000 U.S.-based business leaders found that the companies that had extensive experience using AI were more than twice as likely to be open to a four-day workweek than those who didn’t.That was a point made last week by Steve Cohen, the billionaire hedge fund manager and owner of the New York Mets, who said on CNBC he does see a future where a true four-day workweek becomes a reality for…

Numbers don’t lie – and according to a recently released report, Gen X has the largest retirement savings wealth gap when compared to any other generation. “Cut back on spending and increase savings. That’s all they could possibly do,” Thru the Cycle President John Lonski said on “Varney & Co.” Tuesday. “When are they going to go ahead and make that type of move? It’s beyond me. But it might well be that this consumer spending spree that’s been around 2022 to 2023 may disappear in 2024.”Schroders’ 2023 U.S. Retirement Survey found that people between the ages of 43 and…

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. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 3-year loans and higher for 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to…

Americans are racking up more credit card debt as still-high inflation and steep interest rates continue to make the cost of everyday necessities more expensive.  The New York Federal Reserve Bank’s Quarterly Report on Household Debt and Credit, slated for release on Tuesday morning, is expected to show that credit card debt hit a new record during the three-month period from October through December, smashing a previous high of $1.08 trillion, according to Matt Schulz, chief credit analyst LendingTree.”I’d be surprised if credit card debt didn’t go up in the fourth quarter, and possibly by a good amount,” Schulz told…