#Here’s how the internal GOP Speaker nomination will work

#Here’s how the internal GOP Speaker nomination will work

House Republicans are set to meet Tuesday morning as they aim to select a Speaker nominee — but eight declared candidates are still in the running, which means the decision-making process could take a while. The conference gathers at 9 a.m. for its closed-door internal election. House GOP conference rules dictate that all contested elections…

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#Legendary investor sees recession by year end

#Legendary investor sees recession by year end

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…

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