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"This is bullying," Santos said at a news conference outside the Capitol. His fellow Republicans have scheduled a vote on his expulsion on Friday. Santos survived one expulsion vote earlier this month, but faces longer odds this time. Santos declined to comment on that report, but said he was not wearing anything purchased with campaign funds. Santos predicted he would be forced out in Friday's vote and said he was proud of his record in Congress.
Persons: George Santos, Elizabeth Frantz, Representative George Santos, Santos, Jamaal Bowman, Bowman, Goldman Sachs, Makini Brice, Andy Sullivan, Susan Heavey, Scott Malone, Nick Zieminski, Jonathan Oatis Organizations: U.S . Rep, U.S, Capitol, REUTERS, Rights, Representative, Republicans, Congress, Democratic, U.S . Constitution, Representatives, New York University, Citigroup, Republican Party, White, Thomson Locations: Washington , U.S, Congress, New York City, New York, U.S ., Civil
The documents showed that the government also labeled as part of its climate change efforts items as disparate as Navy security operations and distributing fortified milk among the rural poor. Of this, Pemex spent 5.6 billion pesos on climate change and 1.3 billion pesos on the energy transition in the same period, the public accounts show. "Mexico started really strong," said Maria Jose de Villafranca, the lead researcher for Mexico at Climate Action Tracker. The government did not make officials available to discuss its climate change plans. Mexico has not released information about its strategy, which has been criticized by climate change experts as non-compliant with the Paris Agreement.
Persons: Gustavo Graf, Andres Manuel Lopez Obrador, Lopez Obrador, Lopez Obrador's, Pemex, Victor Gomez, Gomez, Maria Jose de Villafranca, There's, Jason DeVito, Stefanie Eschenbacher, Simon Jessop, Dave Graham, Claudia Parsons Organizations: REUTERS, MEXICO CITY, Reuters, United, CFE, United Nations, Navy, Federated Hermes, Thomson Locations: El Bosque, Mexico, MEXICO, DUBAI, United States, Paris, United Nations, Dubai, CFE, Mexico City
[1/2] The office door of U.S. Rep. George Santos (R-NY) is seen the morning after two Democratic lawmakers moved to force a vote to expel Santos from the House of Representatives, on Capitol Hill in Washington, U.S., November 29, 2023. The motion requires a two-thirds majority in the House, which Republicans control by a narrow 222-213 majority. Republicans are divided on whether to expel Santos because he has not been convicted of a crime, the speaker said. The bipartisan Ethics Committee on Nov. 16 released a report on allegations that Santos committed campaign finance fraud. A vote on Nov. 1 to expel Santos failed because Republicans need Santos' seat to protect their narrow House majority, which empowers them to block much of Democratic President Joe Biden's legislative agenda.
Persons: George Santos, Santos, Elizabeth Frantz, Republican George Santos, Mike Johnson, Johnson, Hermes, Joe, Goldman Sachs, Katharine Jackson, Moira Warburton, Scott Malone, Andy Sullivan, Grant McCool, Jonathan Oatis Organizations: U.S . Rep, Democratic, Capitol, REUTERS, Rights, U.S . House, Republican, Justice Department, Citibank, New York University, Thomson Locations: U.S, Washington , U.S, New York City, New York, OnlyFans, Washington
WASHINGTON, Nov 29 (Reuters) - The U.S. House of Representatives is expected to vote on Friday on whether to expel scandal-plagued Republican George Santos, who faces criminal corruption charges and new accusations that he misspent campaign money, according to Republican aides. The motion requires a two-thirds majority in the House, which Republicans control by a narrow 222-213 majority. Santos' district, which includes a small slice of New York City and some of its eastern suburbs, is seen as competitive. The bipartisan Ethics Committee on Nov. 16 released a report on allegations that Santos committed campaign finance fraud. A vote on Nov. 1 to expel Santos failed because Republicans need Santos' seat to protect their narrow House majority, which empowers them to block much of Democratic President Joe Biden's legislative agenda.
Persons: Republican George Santos, Santos, Mike Johnson, Johnson, George Santos, Elizabeth Frantz, Hermes, Joe, Goldman Sachs, Katharine Jackson, Makini Brice, Scott Malone, Andy Sullivan, Grant McCool, Jonathan Oatis, Daniel Wallis Organizations: U.S . House, Republican, U.S . Rep, U.S, Capitol, Democratic, Representatives, REUTERS, Justice Department, Citibank, New York University, Thomson Locations: New York City, New York, Washington , U.S, OnlyFans
U.S. Rep. George Santos (R-NY) leaves the Capitol after a series of votes, in Washington, U.S., November 15, 2023. The motion requires a two-thirds majority in the House, which Republicans control by a narrow 221-213 majority. Democrats Robert Garcia and Dan Goldman, the lawmakers who filed Tuesday's resolution, introduced resolutions to expel Santos earlier this year that were referred to the House of Representatives Ethics Committee. Santos survived a vote to oust him on Nov. 1, but on Nov. 16, following a scathing report by the Republican-majority Ethics Committee, its chairman, Michael Guest, filed his own motion to expel Santos. If expelled, Santos would be only the sixth lawmaker to be ousted by a vote of the House.
Persons: George Santos, Elizabeth Frantz, Santos, Robert Garcia, Dan Goldman, Michael Guest, Hermes, Makini Brice, Moira Warbuton, Scott Malone, Grant McCool Organizations: Rep, REUTERS, Rights, . House Democratic, Republican, Capitol, Justice Department, Thomson Locations: Washington , U.S, New York City, New York, OnlyFans
Berkshire Hathaway vice chairman Charlie Munger dies at 99
  + stars: | 2023-11-28 | by ( ) www.reuters.com   time to read: +12 min
Nov 28 (Reuters) - Charlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway (BRKa.N), died on Tuesday morning at a California hospital. For stock-pickers like us to lose Charlie Munger, would be like if you’re a basketball fan and you lose Bill Russell. "I wouldn't think Berkshire will look much different, apart from Buffett no longer being able to share ideas with Munger. CATHERINE SEIFERT, VICE-PRESIDENT, CFRA RESEARCH, NEW YORK“Berkshire Hathaway shareholders are not going to be directly or negatively impacted from the passing of Charlie Munger. Therewass already a transition plan in place and there's a transition plan in place when Warren Buffett passes away.
Persons: Charlie Munger, Warren Buffett, Charlie, WHITNEY TILSON, BRIAN MOYNIHAN, Charlie Mungerwass, ” BURNS MCKINNEY, Bill Russell, , Berkshire Hathaway, ” PHIL ORLANDO, FEDERATED HERMES, BILL, Buffett, Munger, PHILLIP, , STEVE SOSNICK, , ” WIN MURRAY, DIAMOND, MARY JO, BILL SMEAD, Warren, ” “ Buffett, Todd Combs, Ted Weschler, ” PAUL LOUNTZIS, Greg Abel, I've, you'll, STEPHEN DODSON, hewass, ” PAUL NOLTE, FOR MURPHY, Warren Buffet, they've, QUINCY KROSBY, RICK MECKLER, CHERRY, NEW VERNON, Hewass, obviouslywass, DOUG KASS, ” THOMAS RUSSO, GARDNER RUSSO, QUINN, CATHERINE SEIFERT, he's, ” ANTHONY SAGLIMBENE, THOMAS HAYES Organizations: Berkshire Hathaway, COOK, APPLE, WHO, KASE, OF, FEDERATED, Berkshire, ” WIN, THE BRETTON, SAN, SYLVEST, NEW, Buffett, GREAT, Global Finance, Markets, Thomson Locations: California, Munger, Berkshire, American, DALLAS , TEXAS, GLENVIEW, CALIFORNIA, CONNECTICUT, DIAMOND HILL, COLUMBUS , OHIO, PHOENIX, ” “ Berkshire, , PENNSYLVANIA, ELMHURST, IL, CHARLOTTE, NC, CHERRY LANE, NEW JERSEY, LANCASTER , PENNSYLVANIA, Munger . Berkshire, TROY , MICHIGAN, GREAT HILL
Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicOnly five members of the U.S. House of Representatives have ever been expelled from the institution. This week, Representative George Santos, Republican of New York, could become the sixth. In a damning ethics report, House investigators found that the congressman spent tens of thousands of dollars in political contributions on Botox, Ferragamo goods and vacations. Grace Ashford, who covers New York State politics and government for The Times, explains why, after a year in office, so many of Mr. Santos’s colleagues have had enough.
Persons: George Santos, Grace Ashford, Santos’s Organizations: Spotify, U.S . House, Representatives, Republican, New, The Times Locations: New York, New York State
Rep. George Santos went on an extended tirade against his colleagues on Friday evening. Santos says he expects to be expelled this week and will wear it "like a badge of honor." AdvertisementDays before his likely expulsion from the House of Representatives, Rep. George Santos of New York went on his most unhinged tirade yet. "It ain't gonna be the dude from Mississippi that's gonna kick me, a New Yorker, out of Congress," Santos said. According to the House Ethics Committee's report on Santos's conduct, the congressman was largely uncooperative during the investigation.
Persons: George Santos, Santos, , Monica Matthews, George Santos's, jnjPt9jph8 — bryan metzger, @metzgov, Michael Guest, Madison Cawthorn, — Santos, they're Organizations: Service, Representatives, George Santos of New York, Republican, , Republican Rep, Madison Locations: George Santos of New, Mississippi, New
IN NEWS sure to leave biker gangs uncharacteristically tearful, leather pants are threatening to go bougie. Long a bad-boy symbol, hide trousers have been transformed by high fashion this fall. They’re being proposed as a suave, sensual and comfortable alternative to chinos, cargo pants and tailored trousers. Some feature high waists to elongate legs or pleats to conjure old-school élan worthy of Cary Grant. Nick Paget, senior menswear strategist at trend forecasting firm WGSN, attributes the leather look to a post-Covid desire for sensual dressing.
Persons: Long, Tod’s, Rocker, They’re, Cary Grant, Nick Paget, lockdowns, , Organizations: Givenchy, Metallica
Investors looking ahead to 2024 should pick up shares of Hermes , Cartier owner Richemont and Hugo Boss in the luxury goods sector, according to UBS. The Swiss investment bank has a bullish call on those three stocks, though it struck a more cautious tone for the sector. RMS-FR CFR-CH,BOSS-DE YTD line UBS has a price target of 85 euros ($93) a share for Hugo Boss, which points to a 38% upside from the current share price. The Swiss bank also raised its price target for Hermes to 2,216 euros, which is 12% above its current share price. The outlook for the three stocks contrasts with UBS' view that slowing sales momentum and easing pricing power warrant caution on the luxury sector on the whole.
Persons: Cartier, Richemont, Hugo Boss, Zuzanna Pusz, Hermes Organizations: Hermes, UBS, Amundi, CFR, Burberry, EssilorLuxottica, Swatch, Tod's Locations: Swiss
Baseball is not popular in Colombia. In Bogotá, the capital, many know very little about “béisbol.” And the city has only two public baseball fields. But swing by Hermes Barros Cabas baseball stadium on any weekend, and it doesn’t feel that way. On a recent Sunday, five groups of children dressed in their team uniforms filled every corner of the main field. The vast majority of the 500 players in the Bogotá baseball league are from neighboring Venezuela, where baseball is the most popular sport.
Persons: Hermes Barros Organizations: Coaches, Colombian Locations: Colombia, Venezuela
The police found he was wearing tinted moisturizer and accused him of being a sex worker, he added. The I reported that Qatar Airways took the flight attendant's passport and drove him to the border. AdvertisementA former Qatar Airways flight attendant told the British newspaper the I that he was fired and deported after the police accused him of being a sex worker amid a crackdown on LGBTQ+ people. On the following day, the newspaper reported, Qatar Airways held Ignatius' passport and told him he was grounded. This month, Qatar Airways appointed a new CEO to take over from the outspoken Akbar Al Baker, who once said a woman couldn't do his job.
Persons: Gilbert Ignatius, , Ignatius, Akbar Al Baker Organizations: Qatar Airways, Service, British, Qatari, Criminal, Business Locations: Doha, Qatar, Indonesia, Indonesian Embassy, Bangkok, Saudi Arabia
The S&P 500 could be on track to notch a new record next year, according to market vet Phil Orlando. AdvertisementThe bull market in stocks has more room to run, and it could take the S&P 500 to a new high by the end of next year, one market veteran says. Orlando sees the S&P 500 surging to 5,000 by the end of 2024, representing an upside of around 10% from the benchmark index's current levels. Higher bond yields influence other interest rates in the economy, which have also helped tighten financial conditions. The S&P 500 has climbed 7% over the past month, trading around 4,535 on Monday.
Persons: Phil Orlando, , Orlando, They've Organizations: Federated Hermes, Service, Bloomberg, Fed, Treasury
[1/5] The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea in this photo released November 20, 2023. Israel on Sunday said the Houthis had seized a British-owned, Japanese-operated cargo ship in the southern Red Sea, describing the incident as an "Iranian act of terrorism" with consequences for international maritime security. The Houthis, an ally of Tehran, confirmed that they had seized a ship in that area but described it as Israeli. The Glovis Star drifted for a number of hours in the Red Sea before continuing its journey, AIS ship tracking data showed on Monday. Houthi leadership last week said their forces would make further attacks on Israel and they could target Israeli ships in the Red Sea and the Bab al-Mandeb Strait.
Persons: Yemen's Houthis, Ray Car, Ambrey, Hermes, Isaac Herzog, Jonathan Saul, Mark Porter, Christina Fincher Organizations: Galaxy Leader, Houthi Military, REUTERS Acquire, Sunday, Nippon, Galaxy, Ray, Ray Car Carriers, Glovis, Hermes, AIS, Galaxy Maritime Ltd, Thomson Locations: Red, Gulf, Aden, Israel, British, Tehran, Japan, Saudi, Omani, Nishtun, Yemen, Sri Lanka, Mandeb Strait . U.S, Hodeidah
REUTERS/Julia Nikhinson/File Photo Acquire Licensing RightsWASHINGTON, Nov 17 (Reuters) - Embattled U.S. Representative George Santos faced a fresh effort to expel him from Congress on Friday, the day after fellow lawmakers released a report that suggested federal prosecutors should bring additional criminal charges against him. The House, which Republicans control by a narrow 221-213 majority, is expected to vote on the expulsion effort when it returns from a two-week recess. Santos' district, which includes a small slice of New York City and some of its eastern suburbs, is seen as competitive. Last time, 182 Republicans voted against expulsion as they need Santos' seat to protect their narrow House majority. "George has betrayed the trust of his constituents who deserve honesty and transparency from their elected official."
Persons: George Santos, Julia Nikhinson, Representative George Santos, Michael Guest, Santos, Guest, Hermes, Joe, Stephanie Bice, George, Moira Warburton, David Morgan, Andy Sullivan, Scott Malone, Daniel Walls, Jonathan Oatis Organizations: Rep, Capitol, REUTERS, Rights, Representative, Republican, Justice Department, Democratic, Thomson Locations: Washington , U.S, New York City, OnlyFans
Rep. George Santos (R-N.Y.) speaks with reporters after a vote on Capitol Hill on Wednesday, Nov. 15, 2023, in Washington, DC. The Republican chairman of the House Ethics Committee on Friday filed a resolution to expel Rep. George Santos from Congress in the wake of a damning report alleging the scandal-plagued GOP freshman committed campaign fraud and theft. Santos has already declared he will no longer seek reelection in 2024, even as he slammed the ethics report as a "politicized smear." But on the heels of Thursday's ethics report, many of Santos' GOP colleagues who previously voted to keep him in Congress declared that they would now support an effort to throw him out. The 56-page report found that Santos, 35, "sought to fraudulently exploit every aspect of his House candidacy for his own personal financial profit."
Persons: George Santos, Michael Guest, Santos, Guest, George, Ken Buck Organizations: Capitol, Congress, GOP, U.S . Capitol, New, Republicans, MSNBC, Department of Justice Locations: Washington ,, Queens, Nassau, New York
He wants to turn Banana Republic into a quiet luxury brand. AdvertisementGap's new CEO wants to transform its Banana Republic brand into the next destination for quiet luxury. Dickson's plan to reverse this downward trend includes turning Banana Republic into a quiet luxury brand by elevating its aesthetic and product offerings. "We think Banana Republic has an opportunity to thrive in the quiet luxury space," Dickson said. Quiet luxury clothing and accessories are devoid of logos or prominent branding and typically come in neutral or muted colors.
Persons: Richard Dickson, , Dickson, Loro Piana Organizations: Service, Republic, Mattel, Navy, Inc, Banana Republic Locations: Banana, Banana Republic
REUTERS/Thomas Peter/File Photo Acquire Licensing RightsSHANGHAI/PARIS, Nov 17 (Reuters) - The world's biggest luxury brands seeking growth in their second-largest market China are all courting the likes of wealthy entrepreneur Diana Wang. "Luxury brands offer you this event experience, this personal experience and it makes you feel privileged," Wang told Reuters. This week, Burberry (BRBY.L) also flagged low double-digit growth due to a slowdown in luxury spending globally, and in China. FEEDING THE LUXURY HABITEven as they narrow their focus, luxury brands remain optimistic about the potential in China, which is forecast to account for almost 40% of global luxury sales by 2030, according to consultants Bain. Luxury consultant Mario Ortelli said several luxury firms are hedging their bets on China by also expanding their global footprint.
Persons: Thomas Peter, Diana Wang, Wang, Tiffany, Chopard, Jacques Roizen, Cartier, Richemont, It's, Jean, Marc Duplaix, Versace, Donatella Versace, Gucci, Chanel, Dior, Cyrille Vigneron, LVMH, Louis Vuitton, Bain, Eric du Halgouet, Birkin, Mario Ortelli, Ortelli, it's, Mimosa Spencer, Casey Hall, Miral Organizations: Tiffany, REUTERS, Rights, Reuters, Burberry, HSBC, Digital Luxury, Chanel, Shanghai, Capri Holdings, Tapestry, Bund, Thomson Locations: Beijing, China, PARIS, Shanghai, Cartier, Shenzhen, South Korea, Japan, Thailand
The House Ethics Committee released a report regarding its investigation into George Santos. Included in its hundreds of pages of evidence are documents showing stocks Santos once traded. It appears he bought and sold stocks of GameStop and AMC when it en vogue. Buried in "Exhibit 58" of the committee's "Appendix D Part 5" is a selection of tens of thousands of dollars worth of GameStop and AMC Entertainment stock trades Santos reported making in 2021. AdvertisementIn early 2021, hobby stock traders from the "WallStreetBets" subreddit purchased stocks in GameStop en masse after learning investors had begun to short it.
Persons: George Santos, , Santos, It's, subreddit, Hermes Organizations: Santos, GameStop, AMC, Service, GOP Rep, House, AMC Entertainment Locations: Santos
Rep. George Santos used campaign money on some... interesting personal expenses. According to a new House ethics report, he used funds for OnlyFans, Hermes, Botox, and Sephora. AdvertisementRep. George Santos used his congressional campaign money for extensive self-care, according to a damning new report from the House ethics committee. The money, according to bank records obtained by House Ethics investigators, came from a corporate entity called Redstone Strategies, which Santos controlled. Based on the bank records made public by the House Ethics Committee, Business Insider could not identify which OnlyFans creators Santos subscribed to.
Persons: George Santos, Santos, he's, , Commission —, frazzled Organizations: OnlyFans, Service, Hermes, The New York Republican, Redstone, Federal, Commission, House, Business Locations: OnlyFans
(Photo by Jabin Botsford/The Washington Post via Getty Images)Republican Rep. George Santos of New York said Thursday he will not seek reelection in 2024 in the wake of a damning House Ethics report that found "substantial evidence" of campaign fraud and other violations by the embattled congressman. Santos "blatantly stole from his campaign" and "sought to fraudulently exploit every aspect of his House candidacy for his own personal financial profit," according to the report from the investigative body of the House Ethics Committee. The full ethics panel, led by Republican Rep. Michael Guest of Mississippi, unanimously adopted the report and voted to refer its findings to the Department of Justice. The scathing, 56-page ethics report is only the latest blow to Santos, the scandal-plagued freshman lawmaker who is facing a raft of criminal theft and fraud charges in New York federal court. Last month, Santos' former campaign treasurer Nancy Marks pleaded guilty to campaign finance fraud charges related to her work for Santos.
Persons: George Santos, Jabin Botsford, Santos, Michael Guest of, Joe Murray, Sam Miele, Miele, Kevin McCarthy, Nancy Marks Organizations: House Republican, Washington, Getty Images, Republican, Republican Rep, Michael Guest of Mississippi, Department of Justice, FBI, Santos Locations: Washington, DC, Washington ,, George Santos of New York, OnlyFans, New York, Long
Rep. George Santos, R-N.Y., leaves a House Republican Conference meeting on the speaker of the House discussions in Longworth Building on Tuesday, October 10, 2023. House Republicans who previously opposed efforts to oust GOP Rep. George Santos are now lining up to expel him after a scathing ethics report accused the embattled New York lawmaker of brazen campaign fraud and theft. The report, released Thursday morning by the House Ethics Committee, found that Santos "sought to fraudulently exploit every aspect of his House candidacy for his own personal financial profit." Santos, who was already facing related criminal charges in New York federal court, announced later Thursday that he would not seek reelection in 2024. "I will continue on my mission to serve my constituents up until I am allowed," Santos wrote on X shortly after the report came out.
Persons: George Santos, Santos Organizations: Republican, House Republicans, GOP, New, House Locations: Longworth, New York
“Representative Santos sought to fraudulently exploit every aspect of his House candidacy for his own personal financial profit,” the report concluded. Ethics panel concludes sexual harassment allegation against Santos was not substantiatedThe House Ethics panel said there was not substantial evidence to support a sexual harassment allegation brought against Santos. But the report also indicates that there was some tension between the overlapping DOJ criminal probe and House ethics probe. The ethics panel reached out to the Justice Department to deconflict their investigations, and top DOJ officials asked them in March to pause the ethics probe. The House report says DOJ’s “deferral requests” prevented them from getting to the bottom of certain allegations.
Persons: George Santos, Santos, Santos ’, , Ubers, ” Santos, Mary Altaffer, AP Santos, , , Nancy Marks, Santos “, , it’s, DOJ’s Organizations: New York Rep, US, Republican, , US Justice Department, Santos ’, New York University, Baruch College, , New York's, AP, Federal, Commission, ” “, Santos, Resources, CNN, Justice Department, ISC, DOJ Locations: , Washington, Florida, Las Vegas, Atlantic City, Jericho , New York, CityMD, Huntington , New York, Rhinebeck , New York, Queens , New York, Glen Cove , New York, United States, Santos ’
Rep. George Santos announced on Thursday that he will not seek reelection in 2024. He did it shortly after the House Ethics Committee released a report on his conduct. The scandal-plagued congressman made the announcement in a lengthy post on X shortly after the House Ethics Committee released a damning report on his conduct. AdvertisementIf there was a single ounce of ETHICS in the “Ethics committee”, they would have not released this biased report. NEWS: House Ethics Chair Michael Guest will make motion to expel Santos at next pro forma, teeing up action when Congress returns from recess.
Persons: George Santos, , Santos, , he's, Michael Guest of, Michael Guest, Melanie Zanona, Axios Organizations: Service, Republican, CNN Locations: George Santos of New York, , OnlyFans, Michael Guest of Mississippi
After three years of record growth, luxury companies are feeling the pain as sales slow to a more normal pace. Nowhere have the struggles of the luxury sector been more prominent than in the French conglomerate LVMH Moet Hennessy Louis Vuitton , the group's bellwether. This dynamic tends to hurt the less-prestigious luxury brands more, according to Rogerio Fujimori, an analyst at Stifel. "Chinese [consumers] are back to Southeast Asia and Japan, but there's still a long way to go in terms of Europe. LVMH and other European luxury brands have been market leaders among European equities since 2021 until the first half of 2023.
Persons: Richemont, Burkhart Grund, LVMH Moet Hennessy Louis Vuitton, Gucci, Ashley Wallace, Bernstein, Luca Sola, Rogerio Fujimori, Fujimori, Wallace, Stifel's Fujimori, there's, Richemont's Grund, , Fujimori foresees, we've, Hermes, Brunello, Thomas Chauvet, Louis Vuitton, Brunello Cucinelli, LVMH, Dior, Markus Hansen, Hansen, America's Wallace, It's, Vontobel's Hansen, — CNBC's Michael Bloom Organizations: Cartier, Bank of America, U.S, U.S ., EU, Europe, Citi, Bank, Gucci, Bottega Locations: U.S, Europe, Japan, China, Southeast Asia, China's, Thursday's, Kering
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