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☆ Nikki Haley wants a two-person race. New Hampshire’s independents just might give her one
▼ + stars: | 2024-01-21 | by ( Arit John | Jeff Zeleny | ) edition.cnn.com time to read: +16 min

Chip Somodevilla/Getty Images Haley and her family walk back into the South Carolina State House after her inauguration in 2011. Tim Dominick/The State/MCT via Getty Images Haley campaigns for presidential candidate Mitt Romney in 2012. Justin Sullivan/Getty Images Haley waves to the crowd during the Conservative Political Action Conference in 2013. Alex Wong/Getty Images Haley hugs her husband after his Army National Guard unit returned in 2013. Demetrius Freeman/The Washington Post/Getty Images Haley visits a farm during a campaign stop in Grand Mound, Iowa, in September 2023.

Persons: Hollis, Hollis , New Hampshire CNN — Danielle Brown, John McCain, Barack Obama, Nikki Haley, ” Brown, Haley, “ Haley, Chris Sununu, Trump, Trump . Sen, Tim Scott of, ”, ” Haley, Sununu, “ Nikki Haley, ” Trump, Greg Moore, Charles Koch, Moore, “, ” Moore, Susan Rice, Trump . Rice, “ I’m, ” Rice, ” Michael Lewis, Donald Trump, ” Lewis, “ There’s, “ MAGA, GOP Sen, J.D, Vance of, Sylvia, ” Bill Jackson, “ She’s, She’s, we’ve, they’re, Trump –, Biden, Joe Biden, Ron DeSantis, Travis Dove, Michael, Nalin, Rena, Twitter Haley, Gerry Melendez, AP Haley, Chip Somodevilla, Tim Dominick, Getty Images Haley, Mitt Romney, Justin Sullivan, Alex Wong, Michael Haley, Rainier Ehrhardt, Jaswinder Singh, Narinder Nanu, Bobby Jindal, Jindal, Win McNamee, Sean Rayford, Saul Loeb, Mike Pence, Drew Angerer, State Rex Tillerson, Matthew Rycroft, Boris Johnson, Bryan R, Smith, Raad Adayleh, Brendan Smialowski, Spencer Platt, Evan Vucci, Kevin Lamarque, Don Bolduc, Brian Snyder, Jonathan Ernst, Jake Tapper, Will Lanzoni, Demetrius Freeman, Rachel Mummey, Jonathan Newton, Nikki Haley Prev, CNN’s KFile, “ You’re, Nancy Protzmann, ” Protzmann, –, don’t, Ebony Davis, Ali Main Organizations: Hollis , New Hampshire CNN, New Hampshire Republican, Democratic, South Carolina Gov, Trump, Hampshire GOP, Republican Party coalesces, Trump ., Republicans, Republican, AFP, White House, Republican Party, Hollis, NATO, Republican National, Convention, Fox News, GOP, Vance of Ohio, “ Republican, Marist, Biden, Florida Gov, State House, New York Times, Twitter, South, AP, Capitol, South Carolina State House, Getty Images, Conservative Political, Conference, Army National Guard, Getty, Louisiana Gov, National Governors Association, Emanuel African Methodist Episcopal Church, United Nations, United Nations Security Council, UN, State, British, Norwegian Refugee Council, Gali Tibbon, UN Security, West Bank, The United States, Anadolu Agency, Republican National Convention, CNN, Washington Post, Social Security, Social Locations: Hollis , New Hampshire, Granite, New Hampshire, Haley’s, Hampshire, South Carolina, Trump, Tim Scott of South Carolina, Concord, Washington, Newfields, Hampton, Manchester, Portsmouth, Rochester, Maine, Kingston, Nashua, she’s, Iowa, Columbia , South Carolina, Afghanistan, Amritsar, India, AFP, Charleston , South Carolina, Columbia, State, New York, Syrian, United States, Jerusalem, Gali, Kuwait, Gaza, Londonderry , New Hampshire, Des Moines , Iowa, Grand Mound , Iowa, Miami, Hollis

☆ Losing Navy SEALs at sea during operations is extremely rare. It's only happened a handful of times.
▼ + stars: | 2024-01-19 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

Two Navy SEALs went missing overboard during an operation in the Red Sea last week, per CENTCOM. Losing Navy SEALs at sea during overseas operations is extremely rare, experts said. AdvertisementTwo US Navy SEALs are feared dead after going missing during a nighttime raid off the coast of Somalia more than a week ago. Such an accident is extremely rare, a military analyst and three retired Navy officers said. AdvertisementOver the years, the US Navy has experienced several incidents of SEALs lost at sea during overseas operations.

Persons: —, Joe Buccino, you've, They're, Bradley Martin, Matthew John Leathers, Buccino, Jack Keller, Michael Ernst, Robert Ramirez III, Rick Kaiser, Sam Tangredi, Tangredi Organizations: Navy, Losing Navy, Service, US Navy, US Central Command, Associated Press, Business, National Navy SEAL Museum, Daily Democrat, Navy SEAL Foundation, Navy SEAL, USNI, Navy Times Locations: Red, Somalia, Yemen, Grenada, Caribbean, Panama, Hawaii, Virginia, Marana , Arizona, California

☆ Senators Seek Answers From Pentagon on Troops’ Blast Exposure
▼ + stars: | 2024-01-19 | by ( Dave Philipps | ) www.nytimes.com time to read: +1 min

A bipartisan group of senators is demanding to know what steps the military is taking to protect troops from brain injuries caused by the blasts from firing their own weapons. The senators — Elizabeth Warren, Democrat of Massachusetts; Joni Ernst, Republican of Iowa; and Thom Tillis, Republican of North Carolina — made the demand in a detailed letter sent on Thursday to Defense Secretary Lloyd J. Austin III. It was incited by recent research by the Defense Department and reporting by The New York Times showing that repeated blast exposure from weapons like artillery and rocket launchers can cause lasting and profound brain damage, but that the military often fails to protect troops, or even recognize the risks, from the blasts. “Our service members have been suffering the health consequences of blast overexposure for far too long, and they’re still not seeing real action to limit and track these risks,” Ms. Warren said in a statement.

Persons: Elizabeth Warren, Joni Ernst, Thom Tillis, North Carolina —, Lloyd J, Austin III, they’re, Ms, Warren Organizations: Republican, Defense Department, The New York Times Locations: Massachusetts, Iowa, North Carolina

☆ Record thunderstorm losses and deadly earthquakes cost $250 billion in damages in 2023, report says
▼ + stars: | 2024-01-09 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Destructive thunderstorms in North America and Europe and a series of devastating earthquakes last year cost the world around $250 billion in damages, according to a new report from the world's largest reinsurance company. In Europe, thunderstorm losses amounted to $10 billion, of which $8 billion was insured. It said such high thunderstorm losses were unprecedented for the U.S. and Europe. Munich Re said that while the economic and insured losses from 2023 may not appear extraordinary, it marks another year of "extremely high" damages even without any so-called mega-disasters in industrialized countries. In 2022, for example, Hurricane Ian was found to have resulted in overall economic losses of a whopping $100 billion and insured losses of $60 billion.

Persons: Hurricane Ian, Ernst Rauch, Rauch Organizations: Munich Re, U.S, CNBC, videoconference Locations: North America, Europe, Munich

REUTERS/Jonathan Ernst//File Photo Acquire Licensing RightsLITTLETON, Colorado, Dec 5 (Reuters) - U.S. electricity generation from wind power is on course to surpass coal-fired electricity generation, potentially by 2026, as wind supply growth expands at a record pace just as coal-fired generation is cut across the country. U.S. wind power generation on track to surpass coal-fired generationBut with wind power generation rapidly rising in most regions while utilities steadily cut coal capacity, wind output is on track to eventually overtake coal output within the U.S. electricity generation mix, which will mark a significant milestone in U.S. energy transition efforts. In 2015 - before U.S. power producers accelerated renewable power development - coal-fired electricity generation was nearly 700% greater than electricity output from U.S. wind farms. PEAKS AND TROUGHSU.S. wind generation already briefly surpassed total coal-fired power output in April this year, when wind electricity generation totalled 42.85 terawatt hours compared to the 39.8 TWh generated by coal plants, according to Ember. That means that within the current decade U.S. wind power will be able to surpass coal-fired power in the electricity generation mix, and help accomplish a major U.S. energy transition target.

Persons: Jonathan Ernst, Gavin Maguire, Stephen Coates Organizations: REUTERS, Institute for Energy Economics, U.S, P Global, Reuters, Thomson Locations: Iowa, Latimer , Iowa, U.S, LITTLETON , Colorado, United States

☆ Senator Tuberville lifts blockade on some US military promotions
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

Senator Tommy Tuberville (R-AL) speaks with reporters on the way to the Senate floor for a procedural vote regarding top military appointees at the U.S. Capitol in Washington, U.S., September 20, 2023. Senator Tommy Tuberville, who has blocked hundreds of military promotions for months to protest the Pentagon's payment of abortion-related travel costs, said on Tuesday he would lift his hold on some of them. Tuberville's actions have affected some 400 officers and their families, as well as lower-level officers in the military. Democrats have said Tuberville should show his objection on a policy matter by targeting Biden nominees involved with policy. Reporting by Jasper Ward and Susan Heavey; writing by Costas Pitas; editing by Rami AyyubOur Standards: The Thomson Reuters Trust Principles.

Persons: Tommy Tuberville, Jonathan Ernst, I've, Republican Tuberville, Biden, Jasper Ward, Susan Heavey, Costas Pitas, Rami Ayyub Organizations: U.S, Capitol, REUTERS, Rights, Republican U.S, Pentagon, Republican, Thomson Locations: Washington , U.S, Alabama

☆ I got a tech job and quadrupled my salary to $400,000 after leaving law. You don't need a traditional tech background to succeed in the industry.
▼ + stars: | 2023-12-04 | by ( Ellen Nguyen | ) www.businessinsider.com time to read: +7 min

She started her career as a lawyer and pivoted to real estate and recruiting before data privacy. AdvertisementThis as-told-to essay is based on a conversation with Jonea Gordon, a 35-year-old year data privacy program manager based in Philadelphia. Transitioning from law to data privacy and income growth from $90,000 to over $400,000 in five years marks my journey in this field. But this move was strategic because I discovered the lucrative potential of data privacy in tech, which far exceeded my initial expectations. Advice for othersMy advice for those new to tech, particularly in data privacy, is to start in consulting.

Persons: Jonea Gordon, —, I'd, could've, Ernst, Young —, I've Organizations: Cruise, Service, Meta, Google, Twitter, Boston Consulting Group, Big, Deloitte, PricewaterhouseCoopers, KPMG Locations: Philadelphia

☆ Republicans prepared to block Ukraine-Israel aid package if border policy changes not included
▼ + stars: | 2023-12-04 | by ( Lauren Fox | Ted | ) edition.cnn.com time to read: +5 min

Schumer would need nine Republicans to overcome a procedural hurdle, something that many Republicans signaled Monday they wouldn’t help Democrats do. “It may require a failed cloture vote on the supplemental before Sen. Schumer realizes we are serious,” Sen. John Cornyn, a Texas Republican, told reporters. She added she too would vote against advancing the supplemental package if “we don’t have substantial changes” to border policy. But Thune complained Monday the White House “hasn’t gotten the sufficient level of seriousness yet” about the border crisis. Murphy warned US allies should “be very worried about what Republicans are doing.”“Listen, I have all sorts of domestic priorities I care about.

Persons: Ukraine –, John Thune, “, It’s, ”, Sen, James Lankford of, Mitch McConnell, Chuck Schumer, Schumer, ” Sen, John Cornyn, ” West Virginia GOP Sen, Shelley Moore Capito, “ I’m, ” Lankford, Iowa Sen, Joni Ernst, Chuck Grassley, ” Grassley, Mike Johnson, Johnson, Joe Biden, Thune, hasn’t, we’re, Democratic Sen, Chris Murphy, Murphy, ” Murphy, CNN’s Sam Fossum Organizations: Republican, ”, Republicans, Texas Republican, ” West, ” West Virginia GOP, GOP, White, Democratic, Ukraine, Democrats Locations: Ukraine, James Lankford of Oklahoma, Washington, Israel, Texas, ”, ” West Virginia, Iowa, Connecticut

☆ Pennsylvania, Arizona, and Texas are major beneficiaries of US aid to Ukraine, report says
▼ + stars: | 2023-12-03 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

The Biden Administration has circulated a map showing the states that have benefited from Ukraine aid. President Biden hopes to convince Congress to continue sending aid to Ukraine to help combat Russia's invasion. Three out of eight Republican members of Congress from Pennsylvania, three out of six from Arizona, and 18 out of 25 from Texas have been voting against sending aid to Ukraine, Reuters reported. Speaker of the House Mike Johnson has recently become a surprise advocate for increasing aid to Ukraine, The Wall Street Journal reported. AdvertisementDespite previously voting against sending more aid to combat Russian President Vladimir Putin's invading forces, Johnson has used his position as speaker to publicly label Ukraine aid a key priority.

Persons: Biden, —, Biden's, Joe Biden, JONATHAN ERNST, Getty, Mike Johnson, Vladimir Putin's, Johnson, Vladimir Putin Organizations: Biden Administration, Service, Capitol, Republicans, Reuters, Reuters . Pennsylvania, Street Journal, Congress, America, America . Patriot, Artillery, US Department of Defense, DoD Locations: Ukraine, Pennsylvania, Arizona, Texas, Israel, Gaza, Russia, Reuters ., Europe, America, Pennsylvania , Ohio , Texas

☆ Ron DeSantis is running the Iowa playbook — and hoping that’s what still counts
▼ + stars: | 2023-12-02 | by ( Alec Hernández | Bianca Seward | ) www.cnbc.com time to read: +8 min

Ron DeSantis' campaign is announcing the completion of a longtime campaign pledge Saturday: touring all of Iowa's 99 counties, a milestone for a campaign that has devoted significant resources to the first-in-the-nation contest. On paper, DeSantis has made significant strides in running a traditionally successful Iowa campaign, racking up influential endorsements and dedicating significant time, personnel and financial resources to the state. And while the DeSantis campaign, with significant super PAC help, has stayed focused on Iowa, it remains unclear just what the traditional Iowa playbook counts for in this unusual modern campaign against Trump. "Winning an Iowa caucus requires a strong combination of outworking and out-organizing the competition and that's been the Ron DeSantis model. Inside the sprint to the caucusesStill, the DeSantis playbook in Iowa hardly stops at the "Full Grassley."

Persons: Ron DeSantis, Scott Olson, Sen, Chuck Grassley, Donald Trump, Nikki Haley, DeSantis, haven't, Biden, Sparks, Newsom, Trump, Former Pennsylvania Sen, Rick Santorum, Texas Sen, Ted Cruz, Mike Huckabee, Santorum, Michele Bachmann, Ryan Binkley, Red Oak, Iowa Sen, Joni Ernst, —, Grassley, Andrew Romeo, that's, Kim Reynolds, Bob Vander Plaats, Reynolds, Vander, Iowans, Haley, Joe Biden, She's, Olivia Perez, David Hansen, Hansen, Tim Scott Organizations: Florida, Machine, Getty, Florida Gov, United Nations, Iowa, NBC, White, Trump, Presidential, Former Pennsylvania, Republican, NBC News, Des Moines Register, Prosperity, Waterloo Locations: Davenport , Iowa, Newton , Iowa, Florida, Arizona, Iowa, Former, Texas, Iowa's, Wright, Des Moines, Red, New Hampshire, Iowa , New Hampshire, South Carolina, Ron DeSantis ' Iowa, Midwest, Plainfield

☆ I'm an American mom of 3 living in India. My kids learn multiple languages, and their schools focus more on STEM subjects.
▼ + stars: | 2023-12-01 | by ( Katherine Ernst Mehta | ) www.businessinsider.com time to read: +5 min

AdvertisementMy foray into the Indian school system began with education — not my children's, but my own. We now have three sons, aged 10, 8, and 4, who are enrolled in an Indian school. My experience living in the megacity of New Delhi and navigating the school system here vastly differs from what I grew up with. My kids are learning several languagesMost Indian schools adopt a bilingual approach to education. While navigating the Indian education system — and the education system in any country, for that matter — has its own set of challenges, our family has embraced this adventure.

Persons: —, Eid Organizations: Service, Independence Locations: Ohio, New Delhi, There's, India

☆ Georgia Republicans advance new US House map that maintains their edge
▼ + stars: | 2023-12-01 | by ( Joseph Ax | ) www.reuters.com time to read: +2 min

A general view of the Atlanta skyline includes the Georgia Capitol dome and a "Vote" sign atop the 100 Peachtree building, days ahead of nationally significant U.S. Senate and state governor elections in Atlanta, Georgia, U.S. November 6, 2022. In his Oct. 26 opinion, U.S. District Judge Steve Jones said that Georgia could not remedy the problem "by eliminating minority opportunity districts elsewhere." The new map would likely allow Republicans to maintain their current 9-5 advantage among the state's 14 U.S. House districts. In a statement, the Republican speaker of the state House, Jon Burns, said the new map "fully complies with the judge's order." McBath's campaign manager, Jake Orvis, said in a statement, "Georgia Republicans have yet again attempted to subvert voters by changing the rules."

Persons: Jonathan Ernst, Lucy McBath, Steve Jones, Brian Kemp, Jon Burns, Jake Orvis, Joseph Ax, Will Dunham Organizations: Georgia Capitol, Senate, REUTERS, Georgia Republicans, . House, voters, Republican, Democratic U.S, District, Legislators, McBath, Thomson Locations: Atlanta, Georgia, Peachtree, Atlanta , Georgia, U.S, Black, United States, Georgia's, New York

☆ EY CEO discusses the energy transition
▼ + stars: | 2023-12-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEY CEO discusses the energy transitionCarmine Di Sibio, Ernst and Young CEO, speaks to CNBC's Steve Sedgwick at COP28 in the United Arab Emirates.

Persons: Carmine Di Sibio, Ernst, Young, Steve Sedgwick Organizations: United Locations: COP28, United Arab Emirates

☆ Benko's complex web at Signa - from Chrysler building to Berlin landmark
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +6 min

SIGNA PRIME/PROPERTY PORTFOLIOAccording to Signa, Prime is the group's largest company in its real estate division, valued at around 20.4 billion euros ($22.23 billion). Since 2019 Signa Holding has also been a co-owner of New York's iconic Chrysler Building. TRADING/RETAIL COMPANIESBenko has bundled his trading interests under the divisions Signa Retail and Signa Premium. In Switzerland, Benko's trading investments are bundled into Signa Retail Selection AG, which filed for bankruptcy protection on Wednesday. In 2018, Signa Holding bought around 24% stake in Austrian daily newspapers "Krone" and "Kurier" from Funke media group.

Persons: Lisi Niesner, Rene Benko, Ernst Tanner, Hans Peter Haselsteiner, Torsten Toeller, Arthur Eugster, SIGNA, Signa, Otto Wagner, Benko's, Klaus, Michael Kuehne, Kuehne, Hamburg's, Chirathivat, Benko, Frasers, Kaufhof, Karstadt, Galeria, Alexandra Schwarz, Goerlich, Mattias Inverardi, Victoria Farr, Emma, Rachel More, Elisa Martinuzzi, Tomasz Janowski Organizations: Signa, REUTERS, Chrysler, Bank Austria, Femina, Chrysler Building, . Central Group, Globus, Selfridges, Central Group, Funke, Thomson Locations: Berlin, Germany, New, Britain's Selfridges, Innsbruck, Swiss, Vienna, Hamburg, KaDeWe, Oberpollinger, Munich, Vienna's, Tyrol, Essen, Duesseldorf, London, Switzerland

☆ Rand Paul Uses Heimlich on Joni Ernst at Senate Lunch
▼ + stars: | 2023-11-30 | by ( Eduardo Medina | More About Eduardo Medina | ) www.nytimes.com time to read: 1 min

Senator Joni Ernst of Iowa thanked her Republican colleague Rand Paul of Kentucky on Thursday for performing the Heimlich maneuver on her as she choked during a Senate lunch. A reporter for Politico reported the news on X, formerly Twitter, wrote that senators had told him that Ms. Ernst was OK after the incident. Ms. Ernst quickly used the experience to take a swing at Democrats, writing on social media: “Can’t help but choke on the woke policies Dems are forcing down our throats. Thanks, Dr. @RandPaul!”Her office did not provide more information about the episode, saying in an email, “Thanks for checking in.”

Persons: Joni Ernst of Iowa, Rand Paul of Kentucky, Ernst, @RandPaul, ” Organizations: Politico, Twitter

☆ Tommy Tuberville moves the goalposts on his military blockade, signaling he's tired of running defense for his unprecedented move
▼ + stars: | 2023-11-30 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Sen. Tommy Tuberville signaled that he's ready to end his blanket blockade of military promotions. His move came as senators, including Republicans, were ready to change the rules to stop him. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSen. Tommy Tuberville on Thursday signaled that he is done running defense on his blanket move to block all military promotions, an unprecedented position that some of his Republican colleagues were turning against. Schumer said he was worried by the precedent of treating military promotions akin to political or judicial nominations.

Persons: Sen, Tommy Tuberville, Tuberville, —, servicemembers, it's, Dan Sullivan, Joni Ernst of Iowa, Chuck Schumer, Tuberville's, Charles Q, Schumer Organizations: Service, CNN, Texas Tech, Cincinnati, Alabama Republican, Democratic, Army, Navy, Republican, Joint Chiefs, Staff Locations: Alaska

☆ GOP senator says she choked on 'woke policies' at Senate lunch where Rand Paul used Heimlich maneuver to save her life
▼ + stars: | 2023-11-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

Sen. Rand Paul, a doctor, performed the Heimlich maneuver to save her life. She later blamed the "woke policies Dems are forcing down our throats." That required the intervention of Sen. Rand Paul of Kentucky, a trained ophthalmologist, to perform the Heimlich maneuver on his colleague. Ernst later joked about the incident on X, saying that she couldn't "help but choke on the woke policies" that the Democrats are "forcing down our throats." Advertisement"God bless Rand Paul," he told the Washington Post.

Persons: Sen, Joni Ernst, Iowa, Rand Paul, —, Joni Ernst of, Rand Paul of Kentucky, Ernst, Lindsey Graham, Paul Organizations: Service, Joni Ernst of Iowa, Washington Post

☆ Biden backers rev up write-in campaign in New Hampshire to avoid loss
▼ + stars: | 2023-11-30 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +6 min

For an incumbent president, primary races -- the state-by-state competitions that nominate a political party's official presidential candidate -- are normally a perfunctory affair. Pro-Biden Democrats' volunteer-focused effort, with just a $100,000 budget, will encourage primary voters to put Biden's name on the New Hampshire ballot. Lyndon B. Johnson, then the Democratic incumbent, shunned the New Hampshire primary in 1968 due to over-confidence, only to see an insurgent campaign from Minnesota, U.S. Biden write-in organizers have largely settled on asking voters to write in "Joe Biden," but believe that other names like "President Biden" and "President Biden and Vice President Harris" satisfy a state law that says to count the vote if the reasonable intent of the voter is clear. "They're gonna use this as a way to say, look, we are good Democrats and organized this to protect President Biden," Smith said.

Persons: Joe Biden, Jonathan Ernst, Joe Biden's, Ro Khanna, Dean Phillips, Phillips, Khanna, it's, Biden, Andrew Smith, Lyndon B, Johnson, Eugene McCarthy, PHILLIPS, Marianne Williamson, Jeff Weaver, Bernie Sanders, Mickey Mouse, Harris, Dave Watters, Sanders, Elizabeth Warren, Pete Buttigieg, Barack Obama, Smith, Jarrett Renshaw, Heather Timmons, Alistair Bell Organizations: Portsmouth Port Authority, REUTERS, Biden Democrats, New, Democratic Party, Biden doesn't, The University of New, Democratic, U.S, Thomson Locations: Portsmouth, Portsmouth , New Hampshire, U.S, California, Minnesota, New Hampshire, The University of New Hampshire, Vietnam, South Carolina, United States

For much of this year central banks have successfully pushed back against rate cut bets. "I believe the Fed will act rationally and begin to cut rates by the end of next year, but we can't rule out the scenario that the Fed is not going to cut rates and just let the ramifications of recession do what they do." Reuters GraphicsSHIFT NEARINGMarkets now fully price in a 25 basis point U.S. rate cut in May, having seen a 65% chance earlier this week. "There are now committee members in all three (banks) willing to talk about rate cuts next year," said Chris Jeffery, head of rates and inflation strategy at LGIM. "The ECB should begin to ease policy as soon as April 2024, with risks that a more sinister downturn in growth could warrant a rate cut as soon as March," he said.

Persons: Jonathan Ernst, ramping, It's, Nate Thooft, Goldman, Christopher Waller, Huw Pill, Yannis Stournaras, Chris Jeffery, we'd, Dario Perkins, Simon Harvey, Yoruk, Naomi Rovnick, Harry Roberston, Davide Barbuscia, Ira Iosebasvili, Saqib Iqbal Ahmed, Dhara Ranasinghe, Catherine Evans Organizations: . Federal, REUTERS, ECB, U.S . Federal Reserve, European Central Bank, Manulife Investment Management, Treasury, Graphics, Bank of England, Deutsche, Lombard, Traders, Yoruk Bahceli, Thomson Locations: Washington, United States, Europe, Goldman Sachs, Greek, Amsterdam, London

☆ Reaction to the death of US diplomat Henry Kissinger
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +4 min

Former U.S. Secretary of State Henry Kissinger addresses the House Committee on International Relations in a hearing about the Middle East peace process on Capitol Hill, Washington, U.S. on February 10, 2005. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsNov 30 (Reuters) - Here are reactions to the death of Henry Kissinger, a controversial Nobel Peace Prize winner who left an indelible mark on U.S. foreign policy:WINSTON LORD, FORMER U.S. DIPLOMAT AND WIFE OF LATE SEN JOHN MCCAIN:"Henry Kissinger was ever present in my late husband’s life. FORMER U.S. PRESIDENT GEORGE W. BUSH:"America has lost one of the most dependable and distinctive voices on foreign affairs with the passing of Henry Kissinger. And we will always be thankful for the contributions of Henry Kissinger."

Persons: Henry Kissinger, Jonathan Ernst, WINSTON, Henry, CINDY MCCAIN, SEN JOHN MCCAIN, John, McCain, MARTIN INDYK, HENRY KISSINGER, Kissinger, GEORGE W, Laura, XIE FENG, Kissinger's, centenarian, Edwina Gibbs, Tom Hogue, Clarence Fernandez, Sonali Paul Organizations: U.S, Committee, International Relations, REUTERS, AMBASSADOR, SPECIAL, Nazis, United States Army, UNITED STATES, Reuters bureaux, Thomson Locations: Hill, Washington , U.S, U.S, CHINA, European, Nancy, China

☆ Consulting grads are getting a measly $5,000 as their jobs are pushed back by almost a year
▼ + stars: | 2023-11-30 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Ernst & Young has delayed the start date of some its new graduate hires for the second time. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementErnst & Young has delayed start dates for new hires to its strategy consulting arm, making them wait almost a year in total, the Financial Times reported Wednesday. Some recent graduates who were initially expecting to join Ey-Parthenon in Autumn have had their start dates delayed twice, and won't be working with the firm until July 2024. Delaying the start dates of grads is not only a cost-saving measure but also to ensure that new hires have work to do when they join.

Persons: Ernst, Young, — Organizations: Service, Financial Times, FT, Business Locations: Reddit, EY

REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Nov 29 (Reuters) - U.S. budget wrangling could further delay funding approval for new agreements with Pacific island nations meant to counter Chinese influence, creating an opportunity for Beijing in the strategically vital region, congressional and other sources say. But congressional sources say this looks impossible as lawmakers argue over spending priorities, raising concerns that a further delay could create an opening for China, which has been wooing financially strapped Pacific economies. "It's feeling pretty dead in the NDAA context," the source said, adding that focus had turned to finding other legislation to secure the COFA funding. "It is really incomprehensible given the amount we're talking about ... why Congress cannot get its act together," Yun said. "What we risk is China getting in where we really don't want them – in places like Palau, RMI, FSM.

Persons: Mike Pompeo, Jonathan Ernst, Biden, Mike Johnson's, Joseph Yun, Yun, David Brunnstrom, Michael Martina, Patricia Zengerle, Don Durfee, Daniel Wallis Organizations: U.S, Pohnpei International, REUTERS, Rights, Federated, Marshall, RMI, Washington, Free Association, National Defense, Reuters, Republicans, Natural Resources, Foreign Affairs, New Republican, Biden, State Department, White House National Security Council, Thomson Locations: Pohnpei, Kolonia, States, Micronesia, Pacific, Beijing, Federated States, Palau, China, Ukraine, U.S, Hawaii, Philippines, Washington

The U.S. Federal Deposit Insurance Corporation reported bank profits at $68.4 billion in the most recent quarter, down 3.4% from the prior quarter. Year over year, bank profits were down 4.6%, due in large part to banks setting aside more funds in provision expenses for potential loan losses, which were up 33.2% in the last four quarters. Noninterest income was down $4.1 billion, or 5.2%, in the third quarter, while realized losses climbed $3 billion, the FDIC said. "The banking industry continued to show resilience in the third quarter," said FDIC Chairman Martin Gruenberg in a prepared statement. Gruenberg, who typically holds a press conference following the release of the quarterly report on bank profits, was not made available to reporters Wednesday.

Persons: Sheila Bair, Jason Reed, Martin Gruenberg, Gruenberg, Sen, Joni Ernst, Pete Schroeder, Chizu Organizations: Federal Deposit Insurance Corp, REUTERS, Rights, U.S, Federal Deposit Insurance Corporation, FDIC, Republicans, Republican, Thomson Locations: Washington, Iowa

☆ Hunter Biden Says He Will Testify in Public Before Congress
▼ + stars: | 2023-11-28 | by ( C. Ryan Barber | ) www.wsj.com time to read: 1 min

House Republicans subpoenaed Hunter Biden earlier this month. Photo: jonathan ernst/ReutersWASHINGTON— Hunter Biden is willing to testify publicly before Congress, his lawyer said in a letter Tuesday, responding to a subpoena demanding that he appear as part of the House Republicans’ impeachment inquiry into his father, President Biden. The three-page letter from the younger Biden’s lawyer, Abbe Lowell, marked the latest escalation in the monthslong standoff between the president’s son and GOP lawmakers. The more aggressive approach seeks to ward off the prospect of a closed-door hearing after which Republican committee members could cherry-pick parts of Hunter Biden’s testimony, but it also augurs a more public phase of his travails.

Persons: Hunter Biden, jonathan ernst, Reuters WASHINGTON — Hunter Biden, Biden, Abbe Lowell, Hunter Biden’s Organizations: Reuters WASHINGTON, House Republicans

☆ EY and PwC Diverge in Choice of Global Head
▼ + stars: | 2023-11-21 | by ( Mark Maurer | ) www.wsj.com time to read: 1 min

Two of the world’s largest accounting firms, Ernst & Young and PricewaterhouseCoopers, picked global chairs with starkly different backgrounds but tailored to the specific problems they are facing, from governance issues to slowing revenue growth. EY picked Janet Truncale, 53, head of its Americas financial-services business as its new global chair and chief executive last week. Truncale, who rose from being an EY intern to her appointment as the first woman to run a Big Four firm, is a certified public accountant by training with core skills in auditing, accounting and consulting, which will be key to moving the firm beyond the abandoned split of its advisory and audit arms into separate businesses.

Persons: Ernst &, EY, Janet Truncale, Truncale Organizations: Ernst, Ernst & Young, PricewaterhouseCoopers

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