Author: News Room

Introduction I’ve been thinking a lot about retirement lately. Don’t get me wrong. I’m not going anywhere. As I have written in prior articles, I don’t yet have the capital to retire in most developed nations – at least not comfortably and without the need to take significant financial risks. And even if I did, I wouldn’t stop covering macroeconomics, dividend strategies, and other topics we frequently discuss. What I have been doing is thinking about different ways to improve the yield of my portfolio if I were to make the decision to increase its cash flow – for whatever…

The New York Times is getting out of New York endorsements. The newspaper’s editorial board on Monday announced that it will no longer endorse political candidates in New York state and local races. “While elections everywhere remain critical to the lives and experiences of our audience, the editorial board is ceasing the endorsement process for New York elections,” Kathleen Kingsbury, The Times’ Opinion head who oversees the editorial board, said in a statement. “We remain a journalistic institution rooted in New York City, both historically, today and in the future.” “As the institutional voice of The Times, the editorial board serves…

Elon Musk’s SpaceX violated environmental regulations by repeatedly releasing pollutants into or near bodies of water in Texas, a state agency said in a notice of violation focused on the company’s water deluge system at its Starbase launch facility.The notice from the Texas Commission on Environmental Quality (TCEQ) last week came five months after the Environmental Protection Agency Region 6 office, which covers Texas and surrounding states, had also informed SpaceX that it violated the Clean Water Act with the same type of activity.The notices and related investigative records, obtained by CNBC, have not been previously reported.TCEQ said its agency’s…

An attorney for former President Donald Trump has filed a legal notice announcing that his client plans to sue the Justice Department and the FBI for $115 million for alleged “malicious political prosecution” and “abuse of process.”The notice, a copy of which NBC News obtained Monday, baselessly accuses DOJ leadership and Special Counsel Jack Smith of having perpetrated a “malicious political prosecution aimed at affecting an electoral outcome to prevent President Trump from being re-elected” — a frequent accusation that Trump makes online and during campaign events.”This malicious prosecution led President Trump to spend tens of millions of dollars defending the case…

Mortgage rates fell slightly this week but are still hovering around 7%, remaining uncomfortably high for many would-be buyers. Freddie Mac’s latest Primary Mortgage Market Survey, released Wednesday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.89% this week from 6.95% last week. The average rate on a 30-year loan was 6.96% a year ago.  The average rate on the 15-year fixed mortgage also declined, dropping to 6.17% from 6.25% last week. One year ago, the rate on the 15-year fixed note averaged 6.30%. Read the full article here

We are tempted to both give and receive bad advice when we wish something were true. I wish, for example, that college and career advice could be as simple as “follow your passions.” But it’s not. “Follow your passions” may be part of great college and career advice, but it falls woefully short on its own. In their Westernized adaptation of the deeply nuanced Japanese concept of ikigai, Hector Garcia and Francesc Miralles do an excellent job of showing us how and where our passions fit into these weighty decisions—and what additional factors need to be present. In their book,…

Donald Trump falsely claimed in a series of social media posts Sunday that “nobody” attended Vice President Kamala Harris’ Michigan rally last week — and said his Democratic rival should be “disqualified” over a “fake crowd picture.” The former president appeared to have fallen for a far-right conspiracy theory — one easily disproven by photos and videos captured by attendees and media showing thousands of supporters at the event at an airport hangar near Detroit. The false claims about attendance at Harris’ event come as Trump navigates the contours of a changed presidential race, with the vice president riding a wave of new Democratic enthusiasm after replacing President…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Iran’s reformist President Masoud Pezeshkian has nominated a former nuclear negotiator as foreign minister to his proposed cabinet as he faces the dual challenge of resuming talks with western powers about sanctions relief while managing a potential confrontation with Israel.Abbas Araghchi, a seasoned diplomat who played a key role in the 2015 nuclear accord negotiations, had been sidelined by hardliners in recent years as they consolidated control.Western diplomats in Tehran and Iran’s business community welcomed Araghchi’s selection, presented to parliament on Sunday…

Atea Pharmaceuticals, Inc. (NASDAQ:AVIR) Q2 2024 Results Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Jonae Barnes – Senior Vice President of Investor Relations and Corporate CommunicationsJean-Pierre Sommadossi – Founder, Chairman and Chief Executive OfficerArantxa Horga – Chief Medical OfficerJanet Hammond – Chief Development OfficerJohn Vavricka – Chief Commercial OfficerAndrea Corcoran – Chief Financial Officer and Executive Vice President of Legal Conference Call Participants Maxwell Skor – Morgan StanleyJonathan Miller – Evercore ISI Operator Good afternoon, everyone, and welcome to the Atea Pharmaceuticals Second Quarter 2024 Financial Results and Business Update Conference Call. At this time, all…

Esteban Wood still remembers the time a 74-year-old Mexican farmer in Homestead, Florida, collapsed on the job from extreme heat. In 2018, Wood, the policy director at Florida-based worker advocacy group WeCount!, learned about the case of Jose Delgado, who passed out near the end of a workday without anyone around to help him. It’s unclear how long Delgado was down but he was fortunate to have been found by co-workers, who called emergency services. Delgado, Wood says, continues to suffer from kidney damage. Delgado, who is a long-standing member of WeCount!, helped inspire Wood and others to create the “¡Que…