Author: News Room

A group that is led by Wall Street billionaire Josh Harris and includes NBA legend Magic Johnson is nearing a deal to buy the NFL’s Washington Commanders, a person familiar with the matter tells CNN. If finalized, the sale would mark the end of the controversial ownership of the Washington franchise by embattled billionaire Daniel Snyder. The group also includes Mitchell Rales, the billionaire co-founder of conglomerate Danaher, the source said. The NFL, the Commanders, and Harris’s office would not comment on the matter. News of the near deal was first reported by Sportico, which reported the team sold for…

The Biden administration will ask the Supreme Court to intervene in the legal fight around the abortion pill mifepristone, after a federal appeals court allowed the drug to stay on the market but imposed restrictions on its use.In a statement Thursday, Attorney General Merrick Garland said the Justice Department “strongly disagrees” with the U.S. 5th Circuit Court of Appeals decision. He added that the administration will “be seeking emergency relief from the Supreme Court to defend the FDA’s scientific judgment and protect Americans’ access to safe and effective reproductive care.”The appeals court late Wednesday blocked U.S. District Judge Matthew Kacsmaryk’s…

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices barely rose in March as the cost of gasoline declined, but stubbornly high rents kept underlying inflation pressures simmering, likely ensuring that the Federal Reserve will raise interest rates again next month. Nevertheless, the mixed report from the Labor Department on Wednesday offered some encouragement in the fight against inflation. Services inflation showed signs of moderating. Rents, though still high, rose at their slowest pace in nearly a year. Food prices were unchanged, the weakest reading since November 2020, with households getting relief on some products at the supermarket. “The bottom…

By Barani Krishnan Investing.com — Natural gas futures closed down a second straight day on Thursday after briefly breaking below the key $2 support as the U.S. government reported the first spring season injection of gas into storage tanks already bloated from underutilization of the fuel for heating during the winter. settled down 8.6 cents, or 4%, at $2.007 per mmBtu, or metric million British thermal units, adding to the prior 4% slide from Wednesday. Thursday’s session low was $1.996. The latest drop in gas prices came after the U.S. Energy Information Administration, or EIA, reported that in the United…

© Reuters. By Yasin Ebrahim Investing.com — Warner Bros. Discovery said Wednesday it is combining HBO Max and Discovery+ content to roll out a new streaming service called “Max” in May, as the company seeks to take the fight to streaming leaders Netflix (NASDAQ:) and Disney (NYSE:). Warner Bros Discovery Inc (NASDAQ:) fell 2.8% in recent trade. Max, which is expected to debut May 23, “offers consumers something truly distinct and appealing,” WBD CEO David Zaslav said at an event in Burbank, California. “It gives us a huge opportunity as a company,” he added  Warner Bros. Discovery, which had more than 96 million…

Summer is still a few months away, but many Americans who are currently booking flights and hotels may be appalled at the costs. Experts shared with MarketWatch their favorite tips to make the cost of travel a little less expensive. Airfares in March were up 4% from the previous month, according to the federal government. Prices for short-term… Read the full article here

Manufacturers of infant formula often boast that their products will help foster a baby’s development. Abbott ABT says of its Similac Pro-Advance formula that it’s “designed to support both immune and cognitive development with key ingredients found in breast milk,” while Reckitt UK:RKT says its Enfamil formula is the “#1 trusted brand for brain-building nutrition and immune support.” But a new study, published in the British Medical Journal (BMJ) and led by a group of British researchers, is casting doubt on formula-maker… Read the full article here

The ingredients are in place for an explosive U.S. stock-market rally, but there’s still room for doubt about whether the bears have been vanquished, a closely followed Wall Street technical analyst argued Thursday. The S&P 500 index SPX is headed toward a pair of important resistance levels on the price chart as it rallies off its March 13 intraday low at 3,809, said Mark Arbeter, president of Arbeter Investments LLC, in a note. A stumble by the large-cap benchmark that began in February had put it on track for a test of… Read the full article here

When FBI tactical agents wielding assault rifles confronted Robert Hanssen one Sunday evening in 2001, the most dangerous spy in US history was finally put out of service. Hanssen, a senior FBI special agent at the time, had just finished stashing a trove of classified documents under a bridge in Virginia that was intended to later be collected by his Russian handlers. As in the similar case of former CIA officer Aldrich Ames, who had been arrested by the FBI seven years earlier after similarly passing secrets for years that led to the execution of countless Russian intelligence officials covertly…

Boeing said on Thursday that a production issue will affect its ability to deliver a “significant” number of 737 Max jets, potentially exacerbating aircraft shortages for airlines around the world.The aerospace manufacturer said a supplier had used a “non-standard” process when installing two fittings in the fuselage of certain models of the narrow-body jet, creating the possibility that it might not comply with specifications laid out by aviation regulators.Boeing said the planes can still operate safely, but “the issue will probably affect a significant number of undelivered Max aeroplanes, both in production and in storage”.The potential for delay will deepen…