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☆ Boxer Imane Khelif, previously barred from women's events, wins first Paris Olympics fight
▼ + stars: | 2024-08-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Matt-Lavietes-Byline-Jm.Jpg | Matt Lavietes | ) www.nbcnews.com time to read: +5 min

A female boxer whose gender identity has recently been questioned won her first fight at the Paris Olympics on Thursday. Imane Khelif of Algeria defeated Angela Carini of Italy after Carini quit 46 seconds into the match. “Full support for our champion Imane Khelif, who is suffering a wave of unjustified hatred,” he wrote on X. Abderrahmane Hammad, Algeria’s minister of youth and sports, addressed concerns over Khelif’s gender identity Wednesday. “I strongly condemn the baseless attacks on our athlete, Imane Khelif, by certain foreign outlets,” he wrote on X.

Persons: Imane, Angela Carini of, Carini, Lin Yu, ” Carini, it’s, ”, we’re, Giorgia Meloni, Donald Trump, Sen, Marco Rubio, Kristi Noem, ” Trump, Khelif’s, “ Harry Potter ”, J.K, Rowling, Elon Musk, Kamala, ” Musk, Trump, Khelif, Ismaël Bennacer, Imane Khelif, ” Khelif, Thursday’s, “, Taiwan's Lin, Abderrahmane Hammad, Hungary’s Luca Anna Hamori Organizations: Paris, Tokyo Olympics, Italian, Olympic, South Dakota Gov, Billionaire, Algerian national team, Olympic Games, International Olympic, International Boxing Association, IOC, IBA, Algerian Olympic, Sports, Sports Committee Locations: Algeria, Angela Carini of Italy, Taiwan, New Delhi, “, Khelif, Saturday’s

☆ Adobe shares soar 15% on better-than-expected results
▼ + stars: | 2024-06-13 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Analysts polled by LSEG were looking for $4.48 in adjusted earnings per share and $5.4 billion in revenue. Adobe bumped up its full-year view, calling for full-year adjusted earnings per share between $18.00 and $18.20 and revenue of $21.40 billion to $21.50 billion. The forecast in March was $17.60 to $18.00 in adjusted earnings per share, with $21.30 billion to $21.50 billion in revenue. In recent weeks software peers SentinelOne, UiPath, Veeva reduced their full-year revenue guidance citing economic weakness and corporate interest in artificial intelligence development. During the quarter, Adobe announced the availability of a service for fine-tuning the company's Firefly generative artificial intelligence models to deliver image content consistent with clients' brand guidelines.

Persons: Shantanu Narayen, Jim Cramer Adobe, LSEG, SentinelOne, Veeva Organizations: Adobe

☆ Biden quips he is 'young, energetic, and handsome' in $30 million ad campaign
▼ + stars: | 2024-03-11 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Joe Biden has launched a $30 million ad campaign where he makes light of the concerns over his age. AdvertisementJoe Biden pokes fun at concerns about his age in a new $30 million TV and digital ad blitz. AdvertisementRepublican frontrunner and former president Donald Trump is running for reelection aged 77. Joe Biden and Donald Trump are effectively the same age. "I'm Joe Biden, and I approve this message," he declares.

Persons: Joe Biden, Donald Trump, —, Biden, Harris, Hillary Clinton, it's, …, el65gxRT1M — Hillary Clinton, Trump, Donald Trump —, I'm Joe Biden, I've Organizations: Service, New York Times, Siena College, Biden, Democratic, ESPN, TNT, Comedy Central, FX Locations: Thursday's State, @HillaryClinton, America

☆ Biden wants to make it easier for people to buy their first home. But there aren't enough houses.
▼ + stars: | 2024-03-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But I'm not waiting," President Joe Biden said during Thursday's State of the Union address. The White House is stepping up as homeownership costs keep mounting, with over 90% of the market overvalued. AdvertisementIn order to unlock supply, Biden called for a one-year tax credit of $10,000 to families selling a starter home. Ahead of the speech, Zillow Chief Economist Skylar Olsen noted that the supply crunch is worse than the White House has laid out.

Persons: —, Biden, I'm, Joe Biden, homebuyers, David Dworkin, Skylar Olsen, unspent Organizations: Service, Biden Administration, Business, National Housing, CNBC, Treasury Department Locations: homebuyers, Thursday's State

Senator Joe Manchin, a maverick who has often bucked party leadership in the past two years, said on Thursday that he will not seek re-election, hurting Democrats' chance of defending their thin Senate majority in the 2024 election. The move by the 76-year-old lawmaker will make it very difficult for Democrats to defend his West Virginia seat. "We like our odds in West Virginia," Senator Steve Daines, the head of Republican senators' campaign arm, said in a statement. David Bergstein, a spokesperson for the Senate Democrats' campaign arm, said the party was confident in its chances of strengthening its majority. Manchin has insisted that his only motivation is the coal-producing state of West Virginia and an eye on fiscal responsibility.

Persons: Joe Manchin, Manchin, Republican Donald Trump, Democrat Joe Biden, Steve Daines, Biden, Trump, David Bergstein, Matt Bennett, he's, Bennett, Julia Nikhinson, Jim Justice, Justice, Biden's, Kyrsten Sinema, Roe, Wade, Mitt Romney, Moira Warburton, Jasper Ward, Makini Brice, Richard Cowan, Jason Lange, David Morgan, Scott Malone, Alistair Bell, Daniel Wallis Organizations: Democratic U.S, United States Senate, Republican, Democrat, Democratic Party, White, Reuters, Biden, Democrats, Trump, Senate Democrats, U.S, Congress, REUTERS, SEAT West Virginia's Republican, Democratic, Charleston Gazette, Thomson Locations: West Virginia, Montana and Ohio, Pennsylvania, Arizona, Democratic, Washington , U.S, Washington, America, Jasper

THOUSAND OAKS, Calif. (AP) — Days after asking for the public’s help to determine what happened at a California protest that resulted in a Jewish demonstrator’s death, authorities said Thursday they still have no video of the incident and are urging patience as they investigate. Paul Kessler, 69, died early Monday at a hospital following a Sunday confrontation with a pro-Palestinian demonstrator over the Israel-Hamas war in Thousand Oaks, a suburb northwest of Los Angeles. Sheriff Jim Fryhoff said Tuesday that deputies determined Kessler had fallen backward and struck his head on the ground. The pro-Palestinian demonstrator stayed at the scene and told deputies he had called 911, Fryhoff said. Demonstrations have been widespread and tensions are escalating in the United States as the death toll rises in the Israel-Hamas war.

Persons: Paul Kessler, Sheriff Jim Fryhoff, Kessler, Fryhoff Organizations: Ventura County Sheriff’s Department, Israel Locations: Calif, California, Ventura County, Palestinian, Israel, Oaks, Los Angeles, United States

WASHINGTON, July 1 (Reuters) - A powerful Republican in the U.S. House of Representatives has asked Secretary of State Antony Blinken for details about an investigation into the security clearance of the U.S. envoy for Iran, amid reports he may have mishandled classified documents. Citing media reports, Michael McCaul, chairman of the Foreign Affairs Committee, wrote to Blinken on Friday, asking why the State Department's special envoy for Iran, Rob Malley, was placed on unpaid leave after his security clearance was suspended earlier this year to investigate the alleged mishandling of classified documents. "Given the gravity of the situation, it is imperative that the Department expeditiously provide a full and transparent accounting of the circumstances surrounding Special Envoy Malley's clearance suspension and investigation and the Department's statements to Congress regarding Special Envoy Malley," McCaul wrote Blinken in a letter posted on the panel's website. On Thursday, Malley told Reuters: "I have been informed that my security clearance is under review. Appointed soon after Democratic President Joe Biden took office in 2021, Malley had the task of trying to revive the 2015 Iran nuclear deal.

Persons: Antony Blinken, Michael McCaul, Blinken, Rob Malley, Malley, McCaul, Joe Biden, Donald Trump's, Iran Abram Paley, Brett McGurk, Valerie Volcovici, Arshad Mohammed, William Mallard Organizations: Republican, U.S . House, U.S, Foreign Affairs, State, State Department, Reuters, Democratic, reimposed, Iranian, National Security, Thomson Locations: U.S, Iran, reimposed U.S, Tehran, United States, East, North, Washington, Saint Paul , Minnesota

Modi, a strict Hindu who follows a vegetarian diet, will be served a first course that includes a grilled corn kernel salad and tangy avocado sauce, the White House said. With the slightly Indian-accented dinner, the Bidens are following a White House tradition of serving guests from abroad food that has faint echos of home with a strong American bent. Former Prime Minister Manmohan Singh's 2009 state dinner featured basmati rice, but also White House grown arugula and pumpkin pie tarts. The tables will be adorned with lotus blooms, revered in Indian design and a symbol of Modi's Bharatiya Janata Party. Reporting by Jeff Mason and Nandita Bose; Editing by Heather Timmons and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Jill Biden, Narendra Modi's, Evelyn Hockstein WASHINGTON, Joe Biden, Narendra Modi, Modi, Manmohan Singh's, Tim Cook, Sundar Pichai, Satya Nadella, Raj Subramaniam, Joshua Bell, Jeff Mason, Nandita Bose, Heather Timmons, Sonali Paul Organizations: Indian, White, REUTERS, Modi, Apple, Google, Microsoft, FedEx, Entertainment, Penn Masala, University of Pennsylvania, Bharatiya Janata Party, Thomson Locations: United States, Washington , U.S, Gujarat, portobello, American, Asian, U.S

☆ Supreme Court Justice Neil Gorsuch calls COVID-19 response "the greatest intrusion on civil liberties in peacetime history"
▼ + stars: | 2023-05-20 | by ( Sarah Al-Arshani | ) www.businessinsider.com time to read: +2 min

In a statement, Supreme Court Justice Neil Gorsuch made it clear where he stands on the pandemic-era emergency response. The US Supreme Court last week rejected a push by Republican-led states to keep it in place. In an eight-page statement in response to the case, Supreme Court Justice Neil Gorsuch didn't mince words. He called the country's response to the COVID-19 emergency "the greatest intrusion on civil liberties in the peacetime history of this country." In Thursday's statement, Gorsuch warned that the "concentration of power in the hands of so few" won't lead to "sound government."

☆ Macron, Biden talk, but statements differ on Taiwan
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +2 min

PARIS, April 20 (Reuters) - French President Emmanuel Macron spoke with his U.S. counterpart Joe Biden on Thursday, but statements the two leaders released differed over Taiwan just 10 days after Macron had drawn criticism with allies over the issue. A readout from the French presidency made no direct mention of Taiwan, merely saying that both sides desired to "support international law, including freedom of navigation, throughout the Indo-Pacific region." The White House statement was in stark contrast, saying the two leaders "had reaffirmed the importance of maintaining peace and stability across the Taiwan Strait." The French presidency also said it had presented "results obtained" from the China trip to Biden, although it did not elaborate on what those results were. Contrary to the White House statement, the French presidency said China had a role to play in the medium term to ending the war in Ukraine.

☆ Swiss bank Julius Baer makes key appointments in Southeast Asia
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, April 13 (Reuters) - Zurich-based Julius Baer (BAER.S) has appointed Chin Lit Yee as its new head of South East Asia, the private bank said on Thursday. Kevin Tay will assume Yee's previous role as group head of South East Asia, with all appointments coming into effect on Thursday, according to the statement. Prior to joining Julius Baer in 2015, he had worked with Credit Suisse, Deutsche Bank and J.P. Morgan, according to Thursday's statement. The appointments come as Julius Baer intensifies its focus on Asia, its second home market. Meanwhile, Julius Baer named Yee Kim Tan as its Singapore branch manager.

March 23 (Reuters) - Large companies, including asset manager Franklin Templeton (BEN.N) and web-services provider Akamai Technologies Inc (AKAM.O), joined an effort on Thursday to defend sustainable investment practices from a backlash by U.S. Republican politicians. Republicans, often from energy-producing states, have sought to block the growing use of environmental, social and governance (ESG) considerations by shareholders and corporate executives. BlackRock Inc (BLK.N) for instance on Thursday said it would continue to press companies for information about climate risks. Mindy Lubber, CEO of sustainability nonprofit Ceres, which organized Thursday's statement, told a call with reporters that companies showed "some hesitancy" to speak up. But Anne Simpson, head of sustainability for Franklin Templeton, part of California-based Franklin Resources Inc (BEN.N), said on the same call that ESG efforts are "fiduciary duty at work".

☆ U.S. watchdog orders Virginia debt collector to pay $24 mln for illegal practices
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +1 min

March 23 (Reuters) - A Virginia company has agreed to pay $24 million over allegedly illegal debt collection practices, the top U.S. agency for consumer financial protection said on Thursday, calling this a repeat offense. In 2015 the CFPB ordered Portfolio Recovery Associates to cease collecting on debts without reasonable basis, selling debt, or threatening to sue or suing when they had no intent to prove their claims. The company agreed to pay $27 million to resolve these allegations. The latest $24 million payment agreement includes a fine, as well as repayment to consumers harmed, pending court approval. Portfolio Recovery Associates did not immediately respond to a request for comment.

☆ Bank of England raises interest rates again, sees inflation falling
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +5 min

Sounding more upbeat about the outlook for the country's slow pace of economic growth, the BoE's nine rate-setters voted 7-2 in favour of a 25 basis-point increase in Bank Rate to 4.25%. "The MPC will continue to monitor closely any effect on the credit conditions faced by households and businesses, and hence the impact on the macroeconomic and inflation outlook," it said. On Wednesday, the U.S. Federal Reserve raised its main interest rates by a quarter of a percentage point, and indicated it was on the verge of pausing further increases. However, it said it expected wages to rise slightly less than it had previously forecast, as inflation expectations fell. The BoE was the first major central bank to start raising rates in December 2021 and until this week had seemed likely to join the Bank of Canada which this month stopped raising borrowing costs.

☆ North Korea calls for strengthened war readiness posture, expanded drills
▼ + stars: | 2023-02-06 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

The meeting comes as North Korea is widely expected to stage a military parade to mark the founding anniversary of its armed forces on Wednesday. Commercial satellite imagery has shown North Korean troops practicing in formation in Pyongyang, and South Korea has also said it was monitoring increased related activities. The military meeting also follows North Korea on Thursday condemning drills by the United States and its allies, saying they have reached an "extreme red-line" and threaten to turn the peninsula into a "huge war arsenal and a more critical war zone." In Thursday's statement, the North Korean foreign ministry condemned a visit to South Korea by U.S. Defense Secretary Lloyd Austin and said Pyongyang was not interested in dialogue as long as Washington pursues hostile policies. When asked about the tensions with North Korea during a stop in the Philippines, Austin said that the U.S. goal was to promote greater security and stability and that it remained committed to defending South Korea.

☆ Damar Hamlin's breathing tube removed, told teammates 'Love you boys' over FaceTime, Bills say
▼ + stars: | 2023-01-06 | by ( Antonio Planas | ) www.cnbc.com time to read: +3 min

The Cincinnati Reds show their support for Damar Hamlin outside of the Cincinnati Reds Hall of Fame on January 4, 2023, in Cincinnati, OH. "Damar Hamlin FaceTimed into our team meeting today to talk to players and coaches. It remains unclear what exactly caused Hamlin's cardiac arrest. The league acknowledged that canceling the game "creates potential competitive inequities in certain playoff scenarios" and said NFL clubs will consider a resolution at a special league meeting Friday. NFL Commissioner Roger Goodell said in Thursday's statement that it has been "a very difficult week" and that the league is focused on Hamlin's recovery.

[1/2] French President Emmanuel Macron delivers a speech as he hosts a reception for the mayors of France, at the Elysee Palace, in Paris, France, November 23, 2022. The visit also highlights the unique way that Macron has raised France's profile on the world stage, and particularly in the United States. From Beirut to Bangkok, and from the Kremlin to the White House, he has sought to place himself at the center of every crisis, with a flair for seizing the moment. The White House defends the bill as necessary to boost the electric vehicle industry and other clean energy initiatives, saying subsidies play an important role. After Biden apologized publicly, Macron seemed less than mollified, saying "Trust is like love: Declarations are good, but proof is better."

☆ British government to announce new budget after political chaos and market turmoil
▼ + stars: | 2022-11-17 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

U.K. Finance Minister Jeremy Hunt will deliver his Autumn Statement on Thursday, and is expected to announce a slew of tax rises and spending cuts as he attempts to plug a substantial hole in the country's public finances. Hunt will also be hoping to reassure the market of the country's fiscal credibility under new Prime Minister Rishi Sunak's government, after the chaos unleashed by former leader Liz Truss' disastrous "mini-budget" in late September. The Bank of England has projected that the U.K. is at the beginning of its longest recession on record, and the Office for National Statistics confirmed on Friday that GDP contracted by 0.2% in the third quarter of 2022. Thursday's statement will be accompanied by a long-awaited set of projections from the U.K.'s independent Office for Budget Responsibility (OBR), and following the Bank of England's grim outlook a couple of weeks ago, economists expect a similarly bleak picture to emerge.

☆ UK finance minister announces tax hikes and spending cuts, says country is in recession
▼ + stars: | 2022-11-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

U.K. Finance Minister Jeremy Hunt is set to announce a sweeping package of tax hikes and spending cuts in his Autumn Statement as he seeks to plug a gaping hole in the country's public finances. Finance Minister Jeremy Hunt, in his hotly anticipated inaugural Autumn Statement, outlined around £30 billion in spending cuts and £25 billion in tax hikes. "Unfunded tax cuts are as risky as unfunded spending," Hunt told the House of Commons. "We must continue a relentless fight to bring (inflation) down, including a rock-solid commitment to rebuild our public finances," Hunt said. The finance minister also confirmed that the energy industry will be hit with an expanded windfall tax of 35% up from 25%.

☆ British government to usher in new era of austerity in effort to restore market confidence
▼ + stars: | 2022-11-15 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

We're going to see spending cuts," Hunt told the BBC on Sunday, while also promising the government would deliver a new and more focused plan to help with household energy bills beyond April. First, an increase in council tax with local authorities allowed to raise the level of council tax above 3% without a referendum," Raja said. "And second, an increase in both the duration and scale of the windfall tax on oil and gas 'excess profits'." Spending cuts, again executed via "stealth," could take the form of "nominal cash freezes to departmental budgets," Raja said, with spending budgets topped up minimally going forward. "If he wants to reassure the markets, he will have to announce early action in the form of a big fiscal tightening.

Former President Donald Trump described in great detail Thursday night how he purportedly delivered a 2018 election win to now-Gov. Ron DeSantis by sending FBI agents to stop "ballot theft" in a major Florida county. Her comment on Twitter was in response to Trump's statement about the Florida elections that year. “The Broward County Supervisor of Elections Office has no documentation of any federal law enforcement presence during the 2018 elections,” Ivan Castro, spokesman for the Broward County Supervisor of Elections, told the newspaper. "We conclude that the November 2018 election was not efficiently and effectively conducted.

The world's biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style "bank run." Tether, the world's largest stablecoin, has slashed back its commercial paper holdings to zero, replacing them with U.S. Treasury bills instead, according to a blog post. There are now about 68.4 billion tether tokens in circulation, according to data from CoinMarketCap, up from 2 billion three years ago. But well before UST's dramatic implosion, Tether — the company behind the stablecoin of the same name — was facing serious regulatory backlash over its reserves. Critics have also raised fears that tether tokens were used to manipulate bitcoin prices, a claim Tether has repeatedly denied.

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