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There is, finally, a Speaker. Rep. Mike Johnson (R-La.) ascended to the role Wednesday, three weeks and one day after eight GOP House members ignited chaos by ousting Rep. Kevin McCarthy (R-Calif.). Johnson got the unanimous support of his colleagues on the House floor, an achievement that proved impossible for Majority Leader Steve Scalise (R-La.),…
Maine authorities said multiple people were shot dead and dozens more wounded in a shootings Wednesday night at multiple locations. Law enforcement officials told The Associated Press that at least 16 people are dead and dozens injured, noting that the death toll is expected to rise. In a Facebook post, Maine State Police (MSP) said…
Nine House Democrats voted against a resolution on Wednesday that would’ve backed Israel and condemned militant group Hamas attack against the country earlier this month. In a 412-10-6 vote, the House chamber showed string support for Israeli allies after Hamas launched a surprise attack against the country earlier this month that left 1,400 Israeli citizens…
Many of the firms the FCA warned were breaching the new rules appear to be dubious high-yield return schemes, but legitimate firms have seen warnings too. Crypto-promoting firms have breached the United Kingdom’s new crypto marketing rules at least 221 times since coming into force in early October, says the country’s financial regulator. In an…
United Auto Workers (UAW) and Ford reached a tentative labor agreement Wednesday, the union announced, ending six weeks of strikes at the company. The four-year, tentative deal includes a 25 percent wage increase over the course of the contract, with 11 percent coming in the first year. Cost of living increases could lift the pay…
Senate Republicans are relieved the House has a Speaker again — they just don’t know much about him. Asked if he knew newly installed Speaker Mike Johnson (R-La.), Sen. John Barrasso (Wyo.) responded, “No.” The No. 3 Senate Republican conceded that what he knows about Johnson is “just what I’ve read in the papers and in…
Newly minted House Speaker Mike Johnson (R-La.), who won the gavel Wednesday after three prior Republican nominees failed to reach a majority, is a longtime ally of the oil industry and will be perhaps the most vocal skeptic of the scientific consensus on climate change ever to hold the speakership. Johnson, whose district includes the…
The SEC’s charges for the world’s largest asset manager came on the same day as a DTCC listing of its spot Bitcoin ETF was spotted; however, a spokesperson from DTCC confirmed that the listing has been there since August. The United States Securities and Exchange Commission has fined investment adviser BlackRock Advisors $2.5 million, accusing it of…
Sen. Peter Welch (D-Vt.) said in a statement Monday that he has “grave concerns” about a potential ground invasion by the Israelis in Gaza as violence continues to grasp the region. “There is no doubt that an imminent ground invasion would be catastrophic for innocent Palestinians in Gaza and jeopardize urgent efforts to save hostages,”…
Bill Gross, the co-founder of Pacific Investment Management Co. (PIMCO), predicted that the United States will be in a recession by the fourth quarter. Gross said that he will buy futures that are connected to the Secured Overnight Financing Rate (SOFR). The Federal Reserve of New York defines the SOFR as “a broad measure of the cost…