Author: News Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nasa said on Wednesday it is considering tapping SpaceX to shuttle two astronauts back to Earth from the International Space Station following technical difficulties with the Boeing CST-100 Starliner spacecraft they took to get there.Astronauts Sunita Williams and Barry Wilmore, who were supposed to return to Earth nearly two months ago, may now stay at the station until February. SpaceX had a mission to the space station planned for later this month to deliver crew and supplies, but the US space agency…
After a promising start to the ‘year of the dragon’, in part helped by large-scale ETF purchases by the ‘Chinese national team’, benchmark onshore indices are now back below their ‘floor’ (speculated to be 3,000 for the Shanghai Composite). The root of the issue remains the economy, where deflationary forces, as evidenced by a steep deceleration in credit and money supply growth, appear to have taken hold. Policymaking has, unfortunately, been nowhere near forceful enough to address this slowdown. Last month’s Politburo meeting was a case in point, as while Beijing did reiterate a commitment to +5% real GDP growth…
Some Delta Air Lines passengers whose flights were canceled when the airline melted down due to a global tech outage in July have sued the airline in a class action, alleging that Delta refused or conditioned refunds to passengers as it struggled with mass cancellations. The lawsuit, which seeks class action status, is one of the first legal actions to emerge as Delta, CrowdStrike and Microsoft engage in a public battle over who is responsible — and who should foot the bill — for the widespread computer outages on July 19 that paralyzed Delta and hundreds of other companies around the…
Warner Bros. Discovery’s stock dropped Wednesday after it reported a $9.1 billion write-down on its TV networks and missed analyst estimates on revenue.Here is how Warner Bros. Discovery performed, based on a survey of analysts by LSEG:Loss per share: 36 cents vs. a loss of 22 cents expectedRevenue: $9.7 billion vs. $10.07 billion expectedThe company’s shares were down roughly 7% in aftermarket trading.Warner Bros. Discovery on Wednesday reported the non-cash goodwill impairment charge, which was triggered by the reevaluation of the book value of the TV networks segment. The book value was higher than the market value as traditional TV networks…
Minnesota Gov. Tim Walz, the Democratic running mate of Vice President Kamala Harris, owns no stocks, bonds or real estate, according to his most recent financial disclosure.Walz’s salary as governor of Minnesota is $127,629. He was eligible for a raise last year to $149,550, but he chose not to accept it, according to the state.If Walz is elected vice president in November, he would make an annual salary of $284,600, based on the 2024 rates.When Walz was elected governor, he and his wife sold their Mankato, Minnesota, home and moved into the governor’s mansion in 2019. They listed the four-bedroom…
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 6.625% as of July 16, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
Weight-loss drugs have been all the news recently. There are finally medications that can help people lose weight and that is a good thing. In recent years, obesity rates have nearly doubled among older adults in the U.S. Two of every five Americans ages 65 and older are obese. Wegovy is one drug that some of my clients would like to take. However, they quickly discover that Medicare Part D drug plans do not cover it. They do not understand why they can’t get a medication that can lower their risk for so many other health problems. Three Stumbling Blocks…
Justice Neil Gorsuch is defending the Supreme Court’s controversial decision to grant sweeping immunity to former President Donald Trump in a series of interviews, at one point framing the ruling as an extension of precedent. Gorsuch, who was Trump’s first nominee to the high court, told Fox News in an interview this week that the decision in Trump’s election subversion case was a natural extension of a 1982 precedent that granted former President Richard Nixon and his successors immunity from civil lawsuits for their official actions. Though justices rarely grant interviews, they often sit for questions when promoting a book.…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Hamas has chosen Yahya Sinwar, the architect of the deadly October 7 attack on Israel, to be its new political leader in a move that consolidates his grip over the Palestinian militant movement.Sinwar, who is Israel’s most wanted man, succeeds Ismail Haniyeh who was assassinated in Tehran last week in an attack that Hamas and Iran have blamed on Israel.The choice of Sinwar, a ruthless figure who is Hamas’s leader in Gaza, is likely to be seen by Israel as a provocative…
Among the biggest pieces of news to come out of Berkshire Hathaway Inc.’s (BRK.A, BRK.B) earnings is the announcement that the company sold half of its stake in Apple Inc. (NASDAQ:AAPL) stock over the past several months, or roughly $80 billion with (more than 2.5% of the company). After Apple’s recent fiscal Q3 earnings announcement, we understand why Berkshire Hathaway sold its stake. Apple Segment Performance Apple saw strong performance in certain segments, but growth remained modest. Apple Press Release The company saw $39.3 billion in iPhone sales showing a 2% YoY decline, as the segment appears to balance out.…
