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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…
More than 300 of Hollywood’s most famous names — including Madonna, Chris Rock, Gwyneth Paltrow, Jerry Seinfeld, Bradley Cooper and Tyler Perry — are praising President Biden’s efforts in the Israel-Hamas war as they urge him to “not rest until all hostages are released.” In an open letter to Biden posted Monday, the group of performers, producers…
Here’s a fun question: If the news media were trying to start World War III, what would they do differently? The way the news business has acquitted itself this week, it sure seems as if it’s trying to instigate all-out global conflict. On Tuesday, the world was confronted with shocking news: An Israeli airstrike had…
Sen. Tim Scott (R-S.C.) defended his previous comments where he alleged that President Biden has “blood on his hands,” in the wake of Hamas’s deadly attacks on Israel, claiming he does not regret the comment squared at the White House’s prisoner swap with Iran last month. Asked on ABC News’s “This Week,” if he regrets…
Protesters gathered outside Vice President Kamala Harris’ Los Angeles home Thursday, demanding the U.S. to urge Israel to cease-fire in its war against Hamas. The group IfNotNow, which helped organize a protest at the U.S. Capitol Wednesday, posted online that a group of “American Jews” showed up at Harris’ Los Angeles home early Thursday. Protesters…
The Supreme Court denied two emergency requests to restart the redrawing of Louisiana’s congressional map, a process that was likely to add a second majority-Black district. A map passed by Louisiana’s Republican-controlled legislature is currently blocked by a federal district judge’s preliminary ruling, which sided with a group of Black voters racial justice organizations’ claims…
Thousands of information technology (IT) workers working remotely for U.S. companies have for years sent millions of dollars to North Korea under the radar to fund its weapons program, according to federal prosecutors. The Justice Department (DOJ) in a statement on Wednesday said authorities seized 17 website domains used by North Korean IT workers in…
President Biden will send an emergency funding request for Israel, Ukraine and Taiwan to Congress this week, but Senate Republicans say the administration and Democratic lawmakers will have to agree to significant immigration policy reforms if it is to have any chance of passing. The president’s request will cost around $100 billion and include $10…
Rep. Jim Jordan (R-Ohio) is marching ahead with his Speakership bid despite increasingly grim signs for his path to the gavel, eyeing another floor vote on Thursday even as GOP lawmakers signal that his opposition is likely to grow. Jordan lost 22 Republican votes on the second ballot Wednesday — two more GOP defectors than…
Former Speaker Newt Gingrich (R-Ga.) said after speaking with members of the House Tuesday evening the next speaker vote, which is expected to take place Wednesday, is not going to churn up successful results for candidate Rep. Jim Jordan (R-Ohio.) “My sense from talking to people in the House tonight in the next vote, [Jordan]…