Speaking Thursday to the Economic Club of New York, former President Donald Trump proposed the creation of a U.S. sovereign wealth fund to pay for infrastructure projects. “We’ll create America’s own sovereign wealth fund to invest in great national endeavors for the benefit of all of the American people,” Trump said. “Why don’t we have
The Jackson Hospital & Clinic in Montgomery, Alabama, has named a chief restructuring officer in the aftermath of a bond payment default. Allen Wilen, partner at Eisner Advisory Group, will be the chief restructuring officer bond trustee UMB Bank, N.A., announced Thursday after the hospital failed to make a bond payment Tuesday. UMB believes there
The judge overseeing the bankruptcy for Puerto Rico’s government-owned electric utility continued a pause on litigation related to the case as the power provider and its creditors negotiate a possible debt-cutting deal. U.S. District Court Judge Laura Taylor Swain extended for an additional 30 days the litigation stay through Oct. 8 and ordered the parties
A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. United States real estate industry rules governing agent commissions will change on August 17 as part of a legal settlement between the National Association of Realtors and home sellers. (Photo by Patrick T. Fallon /
The employment report did not settle the 25 or 50 basis point rate cut argument, economists said, as it offered a mixed bag, with lower-than-expected jobs added and downward revisions to previous months’ numbers, while earnings grew and the unemployment rate dipped. Nonfarm payrolls rose 142,000 in August, less than the 165,000 expected, while the
Siebert Williams Shank has brought on Lori Ciraolo to further strengthen its taxable fixed-income team. Ciraolo, who spent more than 17 years at Goldman Sachs, has been hired as a senior vice president in corporate and municipal short-term securities to help expand SWS’ taxable muni franchise through commercial paper trading. “It’s a hybrid role between
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Share Tweet By Tr Goins-Phillips Editor September 5, 2024 Texas-based Pastor Ed Young believes those who think megachurches are “just too big” are hypocrites. The founder and senior pastor of the multi-site Fellowship Church in Grapevine issued the bold statement in a video shared to his Facebook page. Young’s church, for context, reported a weekly
After months of dozens of restaurant closings and headlines about endless shrimp woes, Red Lobster is poised to soon exit from Chapter 11 bankruptcy protection. A US bankruptcy judge on Thursday approved the casual seafood chains reorganization plan and sale to a lender group led by asset manager Fortress. The green light arrives under just
ATP — After another Boeing letdown, NASA isnt ready to buy more Starliner missions Boeing could earn nearly $2 billion more from NASA if it fully executes on the Starliner contract. Stephen Clark – Sep 5, 2024 10:11 pm UTC Enlarge / Boeing’s Starliner spacecraft sits atop a United Launch Alliance Atlas V rocket before
A top Wall Street dealmaker left an elite New York investment bank after his bosses found out he allegedly had an affair with a younger co-worker on his team, The Post has learned. Adam Taetle stepped down as senior managing director at Evercore — the firm founded by deep-pocketed Democratic Party operative Roger Altman —
LL Flooring, the once formidable flooring hardware competitor of Home Depot, previously known as Lumber Liquidators, is closing all its stores only weeks after filing for bankruptcy. The 30-year-old hardware store, which once operated over 400 stores in the US, said it decided to liquidate after several negotiations didn’t yield the “best offer for the
close video Fed should not be taking any big victory laps: Jason Trennert Strategas Chairman and CEO Jason Trennert discusses the common man CPI, real wages, the jobs data revisions and Harris tax hike plan. U.S. job growth picked up in August but missed economists' expectations, while the unemployment rate was little changed. The Labor
VATICAN CITY (RNS) — The age of world leaders may be hotly debated elsewhere, but in Indonesia this week, Pope Francis, the 87-year-old head of Roman Catholicism, began the most physically demanding trip of his pontificate so far. It was the first stop on a two-week, four-country tour of Southeast Asia, with a packed schedule
KFF Health News Sep 6 2024 In a video posted to Reddit this summer, Lucie Rosenthal's face starts focused and uncertain, looking intently into the camera, before it happens. She releases a succinct, croak-like belch. Then, it’s wide-eyed surprise, followed by rollicking laughter. "I got it!" the Denver resident says after what was her second
By Pooja Toshniwal Paharia Reviewed by Danielle Ellis, B.Sc. Sep 6 2024 Immune responses in trans men during gender-affirming hormone therapy become more like those of cisgender men Study: Immune system adaptation during gender-affirming testosterone treatment. Image Credit: Pamela Au/Shutterstock.com A recent study in Nature examined the effects of gender-affirming hormonal treatment (GAHT) on the
By Dr. Priyom Bose, Ph.D. Reviewed by Benedette Cuffari, M.Sc. Sep 6 2024 Higher adherence to the Mediterranean diet and reduced intake of ultra-processed foods may lower the risk of frailty and cardiometabolic diseases in older adults. Study: Mediterranean Diet and Ultra-Processed Food Intake in Older Australian Adults—Associations with Frailty and Cardiometabolic Conditions. Image Credit:
your next rig? — Ars Technica system guide: Falling prices are more exciting than new parts Falling prices mean you can get more for your money than you could last year. Andrew Cunningham – Sep 6, 2024 10:30 am UTC Enlarge / AMD’s Ryzen 7700X makes enough sense to feature in our higher-end gaming build.Andrew
By Dr. Liji Thomas, MD Reviewed by Benedette Cuffari, M.Sc. Sep 6 2024 A cutting-edge AI tool that beats traditional methods in spotting AI-generated content like ChatGPT articles, helping to safeguard scientific research from plagiarism! Study: Detection of ChatGPT fake science with the xFakeSci learning algorithm . Image Credit: dauf / Shutterstock.com The growing use
Nobel Prize-winning economist Joseph Stiglitz says the Federal Reserve should deliver a half-point interest rate cut at its forthcoming meeting, accusing the U.S. central bank of going “too far, too fast” with monetary policy tightening and making the inflation problem worse. His comments come ahead of Friday’s pivotal release of U.S. jobs data, with investors
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