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☆ Yen sinks as currency traders keep short and carry on
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: +3 min

The yen is the worst-performing G10 currency this year, with a 6.4% slide on the dollar. For the week the yen is down 0.6% on the euro, touching its weakest for three months overnight at 163.45 per euro . Yen moves against the dollar were more modest due to the risk its slide could prompt intervention in markets from Japan, with officials reminding traders they stand ready in recent days. The dollar gained 0.1% to trade at 150.41 yen this week. Investors can earn interest, or carry, by borrowing yen around 0% and buying income-bearing assets in other currencies.

Persons: Moh Siong Sim, Sterling, Christine Lagarde, Christopher Waller Organizations: New, Deutsche, Britain, of Singapore, U.S, European Central Bank Locations: Japan, New Zealand, Friday's Asia, U.S, Europe

☆ Analysis: How South Carolina could help Trump make GOP history
▼ + stars: | 2024-02-23 | by ( Harry Enten | ) edition.cnn.com time to read: +4 min

CNN —The South Carolina Republican presidential primary is usually the most important contest of the nominating season. Since 1980, the only Republican to win the nomination without winning South Carolina was Mitt Romney in 2012. While Haley is unlikely to take South Carolina, she is definitely outperforming her national baseline. Both counties have relatively high levels of college graduates, who have been most hostile to the former president in GOP primaries historically. Trump winning college graduates in the South Carolina primary would match what we’re seeing in national polling of the Republican electorate.

Persons: Mitt Romney, Nikki Haley’s, Donald Trump, Haley, Bernie Sanders ’, Trump, Marco Rubio, Ted Cruz, John Kasich, didn’t, Will Organizations: CNN, South Carolina Republican, GOP, Republican, South Carolina, Trump, Republicans, Marquette University Law School, Quinnipiac University, South Carolina Republicans, Iowa GOP, Marquette, Quinnipiac, White Locations: Michigan, Florida, South Carolina, Ted Cruz ( Texas, John Kasich ( Ohio, Sanders, Vermont, Charleston, Richland, Columbia, Iowa, New Hampshire, Quinnipiac, Utah, Washington

☆ Premarket stocks: Joe Biden’s top economic adviser isn’t worried about the latest inflation data
▼ + stars: | 2024-02-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —US markets broke a five-week winning streak last Friday after disappointing inflation data reignited economic and interest rate-related fears on Wall Street. Then last week, two key inflation indicators for January — the Consumer Price Index and Producer Price Index — rose above Wall Street expectations. Richmond Fed President Thomas Barkin said the new data showed that the Fed needs more confidence before cutting rates. I think in this case, the market isn’t necessarily telling you much about the economy’s fundamentals, the market is telling you what other market participants think. And I think that those economic fundamentals get you to the part that says, you know, it’s not not the economy.

Persons: Price, Thomas Barkin, Raphael Bostic, isn’t, Bell, Jared Bernstein, Joe Biden, I’m, they’re, It’s, it’s, Joe Weisenthal, Elisabeth Buchwald, Hanna Ziady, Liam Peach, ” Peach Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Richmond Fed, White House Council, Economic Advisers, CPI, Apple, Google, Nvidia, Microsoft, Capital, Discover Financial Services, Discover, Hamas, Gross, Israel’s, Bureau, Statistics, Capital Economics Locations: New York

☆ Buy these 17 cheap, high-yielding stocks that are poised for a rebound, according to BMO Capital Markets
▼ + stars: | 2024-02-19 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Read previewInvestors can now get paid to buy and hold cheap stocks that are ready for a revival anyway. However, the group has disproportionately suffered under the weight of higher interest rates. He added: "We believe it could be an opportune time for investors to consider adding exposure to YARP stocks within portfolios." BMO Capital Markets"These trends provide another layer of support for YARP stocks to outperform in the coming months," Belski wrote. BMO Capital Markets17 reasonably priced stocks with strong yieldsBelow are 17 outperform-rated stocks that have a cheaper forward earnings multiple, as well as a higher dividend yield and higher growth rates than their index, according to BMO Capital Markets.

Persons: —, Brian Belski, Belski Organizations: Service, Companies, BMO Capital Markets, Business, BMO, Markets Locations: Montreal

☆ Israel’s economy slumps in the fourth quarter as war takes a toll
▼ + stars: | 2024-02-19 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Israel’s output contracted sharply in the final three months of 2023, falling for the first time in nearly two years, as the war with Hamas takes a heavy toll on the economy. The conflict is expected to cost Israel around 255 billion shekels ($70.3 billion) by the end of 2025, equivalent to around 13% of GDP, according to the Bank of Israel. And earlier this month, Moody’s delivered Israel’s first ever credit rating downgrade, citing elevated political risk and deteriorating public finances stemming from the war. “Under a scenario of outright conflict… the negative economic impact would spread to more sectors and be longer-lasting,” Moody’s said. In 2023 as a whole, Israel’s economy grew 2%, according to the statistics office.

Persons: Liam Peach, ” Peach, Moody’s, Israel’s, ”, ” Moody’s, Ido Soen Organizations: London CNN, Hamas, Gross, Israel’s, Bureau, Statistics, Israel, Capital Economics, Bank of Israel Locations: Gaza, Israel, Lebanese

☆ How Scorsese Moves the Camera With Purpose in ‘Killers of the Flower Moon’
▼ + stars: | 2024-02-16 | by ( Mekado Murphy | ) www.nytimes.com time to read: +2 min

He gets up, he turns in circles, the camera circles around him, and as that’s happening, other figures are coming into frame from left and right. And as he pivots around and tries to explain that his wife is sick, which is an understatement, the camera keeps tracking around. “My wife, she’s real sick!” That was one of the most enjoyable moments, laying out that shot. Not boring images, but boring, really focused on them. “I need to sit down.” “Yes, you do, but you’re standing.” That’s when he really has lost his senses and he’s really, really tired.

Persons: I’m Martin Scorsese, it’s, who’ve, Ernest Burkhart, he’s, Leo DiCaprio, “, she’s, let’s, Leo, you’re, ” Organizations: Osage

☆ Gaza Health Ministry Says Nasser Hospital Has Lost Power
▼ + stars: | 2024-02-16 | by ( Victoria Kim | ) www.nytimes.com time to read: +1 min

Gaza’s health ministry said Friday that electric generators cut out and all power was lost at a major Gaza hospital raided by Israeli forces a day earlier, leading to the deaths of three patients dependent on oxygen. The Gaza health ministry said in posts on Facebook that the Israeli military was in control of the hospital, the Nasser Medical Complex, but did not specify how or why the generators had stopped. The Israeli military did not immediately respond to a request for comment. The aid group Doctors Without Borders said Thursday that its staff had to evacuate but that the weakest patients had stayed behind. The Israeli military had ordered all remaining staff and patients into one building, according to a voice memo from a doctor provided by the group.

Persons: Nasser, Khan Younis Organizations: Nasser Locations: Gaza, Khan

☆ A tempestuous day in multiple courts deepens Trump’s legal imbroglio
▼ + stars: | 2024-02-16 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Washington CNN —Every day, America gets dragged deeper into Donald Trump’s legal, political and constitutional morass. But at the end of a tempestuous day, his legal strategy was clearer than ever. In itself, it represents a profound political and legal test for American democracy and the rule of law – even if it is only one of Trump’s legal threats. In a normal election, Trump would be keen to turn his fire on his likely general election foe, Biden, by late March. But he will be forced to spend day after day in court in New York.

Persons: Donald Trump’s, Fani Willis, Trump’s, Michael Roman, Willis, Nathan Wade, ” Darryl Cohen, CNN’s Erin Burnett, “, ” Cohen, Wade, Trump, Caroline Polisi, Robin Yeartie –, Willis –, ” Polisi, CNN’s Anderson Cooper, –, ” Willis, Judge Juan Merchan, Biden, he’s, Alvin Bragg’s, Todd Blanche, Merchan, ” Merchan, ” Blanche, he’ll, David Weiss, Hunter Biden’s, Alexander Smirnov, Harry Reid, Smirnov Organizations: Washington CNN, Trump, Fulton, District, Republican, FBI, Burisma Holdings, Harry Reid International, GOP Locations: America, Georgia, Fulton Country , Georgia, Fulton County, York, Trump, United States, Manhattan, New York, Las Vegas

The body and cremains were found on Feb. 6 by someone who was cleaning out the house after Harford was evicted, police said. The body of a 63-year-old woman was found in a hearse on the property. Photos You Should See View All 33 ImagesThe other cremains found on the property appear to have been professionally cremated, officials said. Investigators are checking labels on the cremains and state databases in an effort to return the cremains to their families. The owners of the Return to Nature Funeral Home — Jon and Carie Hallford, face hundreds of felony charges.

Persons: Miles Harford, Harford, Jon, Carie Organizations: DENVER, Denver, Medical Locations: Denver, Littleton, Penrose , Colorado, Colorado

NEW YORK (AP) — Donald Trump 's unprecedented tangle of overlapping trials was on full display Thursday with simultaneous court hearings in New York and Georgia. Tuesday's hearings previewed what a general election campaign will look like as Trump flies back and forth from courtrooms and campaign rallies and blurs the lines between the two. JUGGLING ACTThe New York trial will last about six weeks, according to Merchan. Asked how he planned to balance the campaign trail with the trial, Trump told reporters he'll campaign in the evening. Throughout his campaign, Trump has kept a far lighter campaign schedule than most of his Republican rivals.

Persons: — Donald Trump, Trump, Fani Willis, Willis, you’re, Todd Blanche, Judge Juan Merchan, Blanche, Trump's, politicization, ” Blanche, Merchan, “ We’ll, that's, he's, Nikki Haley, E, Jean Carroll, “ Fani Willis ”, Wade, Nathan Wade, “, Ashleigh Merchant, Michael Roman, ” Wade, Olivia Perez, “ Nikki, ___ Gomez Licon, Michael R, Jennifer Peltz, Jake Offenhartz, Kate Brumback Organizations: Trump, New, Republican, Twitter, THE, AS, GOP, Associated Press Locations: New York, Georgia, In Manhattan, Atlanta, Fulton County, Manhattan, Washington, South Carolina, York, ”, Florida, Texas, Miami, Sisak

The trial is expected to last for roughly six weeks, with court in session every weekday but Wednesdays, severely limiting Trump’s ability to campaign for president during that time. The New York criminal trial also presents another problem for Trump’s ability to create a media circus – cameras are not allowed in the courtroom. It’s a criminal trial, we expect it will be mandatory,” a senior Trump adviser told CNN. The judge responded saying Trump would not be required to sit for two criminal trials at the same time. Those findings underscore the importance of Trump’s strategy of delaying the criminal cases he is facing for as long as possible.

Persons: Donald Trump’s, –, Trump, ”, District Attorney Alvin Bragg, Fani Willis, Joe Biden –, Biden, Todd Blanche, “, Bragg, it’s, I’ll, ” Trump, ‘, It’s, Judge Juan Merchan, Blanche, he’d, ” Merchan, “ That’s, – he’d, Trump’s, “ He’s, Merchan, Willis, CNN’s Terence Burlij Organizations: York, York City CNN, Republican, District Attorney, Trump, GOP, Biden, Democrats, CNN, New, “, Democrat, Granite State Locations: York City, New York, New, York, Georgia, Fulton County, Manhattan, Arizona , Florida , Illinois , Kansas, Ohio, Iowa, New Hampshire, Granite, South Carolina

☆ Tractors Drive Past the Colosseum as Italy's Meloni Pledges Tax Help
▼ + stars: | 2024-02-09 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

By Angelo AmanteROME (Reuters) - A convoy of tractors on Friday drove past the landmarks of ancient Rome before Italian Prime Minister Giorgia Meloni told a delegation of farmers that the government would partially reintroduce a tax break for them. Four tractors, escorted by police, crossed the city streets and passed in front of the Colosseum and the Circus Maximus, adorned with Italian flags and slogans decrying the EU's green transition. We don't want to create problems, we just want answers as soon as possible," one of the protesters, Luigi Allegrini, said. Coldiretti, the main agricultural lobby, has a close relationship with the government but the current protests are being led by smaller groups. "The government has defended farmers and contested the wrong choices imposed by the European Commission from the very beginning," Meloni told the farmers.

Persons: Angelo Amante ROME, Giorgia Meloni, Maximus, Luigi Allegrini, Roberto Rosati, Meloni, Angelo Amante, Alvise Armellini, Angus MacSwan Organizations: Italian, Farmers, European Commission Locations: Rome, Europe, Spain, Poland

☆ Atmospheric river: Definition, relationship to hurricanes, potential benefits, and more FAQs answered
▼ + stars: | 2024-02-08 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

Atmospheric rivers are rivers of water vapors low in the Earth's atmosphere. Below, we answer some FAQs about atmospheric rivers. What causes an atmospheric river? Atmospheric rivers and hurricanes have a few things in common, Cordeira said, but "the processes in the atmosphere that give rise to a hurricane are different than the processes that give rise to atmospheric rivers." In 1994, MIT researchers Yong Zhu and Reginald E. Newell published a paper about "atmospheric rivers and bombs."

Persons: Jason Cordeira, Cordeira, El, it's, Carlos Barria, they're, Yong Zhu, Reginald E, Newell, Ralph et al Organizations: Service, Los Angeles Times, Scripps Institution of Oceanography's Center, Western, National Oceanic, Atmospheric Administration, West, Scripps Institution of Oceanography, REUTERS, MIT, University of California Locations: West Coast, Southern California, Mississippi, California, California , Oregon, Washington, Europe, Chile, New Zealand, Australia, West, Bolinas , California, Hawaii, San Diego

☆ Dollar on defensive after pullback from nearly 3-month peak
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: +2 min

The dollar remained under pressure on Wednesday after retreating from a nearly three-month high against the euro in the previous session with a decline in U.S. bond yields adding to the drag. The dollar remained under pressure on Wednesday after retreating from a nearly three-month high against the euro in the previous session with a decline in U.S. bond yields adding to the drag. U.S. Treasury yields also turned down from highs overnight on solid demand at a sale of new three-year notes, removing some support for the dollar. The U.S. dollar index , which measures the currency against six major peers, including the euro, was flat at 104.14, following Tuesday's 0.29% slide. The currency pair tends to be extremely sensitive to moves in Treasury yields.

Persons: Jerome Powell scuppered, Matt Simpson, James Kniveton Organizations: Federal, Treasury, U.S, CPI, Federal Reserve Locations: U.S, Asia

☆ Trump Says Ronna McDaniel ‘Knows’ She Should Step Down as R.N.C. Chair
▼ + stars: | 2024-02-06 | by ( Neil Vigdor | More About Neil Vigdor | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump on Monday suggested that Ronna McDaniel should leave her post as chairwoman of the Republican National Committee. In a sit-down interview with the right-wing news network Newsmax, Mr. Trump was asked whether Ms. McDaniel, whom he first chose to lead the party in 2017, should step aside given the party’s lackluster fund-raising and electoral results in recent years. “Well, I think she knows that,” Mr. Trump answered. But Ms. McDaniel has let it be known that she would step aside if the Republican nominee preferred. The exchange aired the same day that the former president met with Ms. McDaniel at Mar-a-Lago, his members-only club in Florida, according to Politico.

Persons: Donald J, Trump, Ronna McDaniel, McDaniel, Mr, “, ” Organizations: Republican National Committee, Republican, Politico Locations: Mar, Florida

☆ Premarket stocks: Main Street is still investing like it’s 2023
▼ + stars: | 2024-02-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Before the Bell spoke to Joe Mazola, director of Schwab Trader Education, about the growing importance of retail investors in markets, where Main Street is investing and why people are still enamored with Elon Musk. Why is it so important to single out retail investors and track where they’re putting their money? Is there a big difference between what retail investors and institutional investors are doing right now? That means the Fed is due to cut rates in 2024, which officials themselves projected in December. We just want some more confidence before we take that very important step of beginning to cut interest rates,” he told “60 Minutes” correspondent Scott Pelley.

Persons: Elon Musk’s, Tesla, Charles Schwab, Schwab, Bell, Joe Mazola, Elon Musk, Joe Mazzola, it’s, they’re, there’s, They’ve, Powell, Jerome Powell, “ We’ve, ” Powell, ”, Price, “, Scott Pelley, Read, 23andMe, Anne Wojcicki, ” Wojcicki, they’ve, Wojcicki Organizations: CNN Business, Bell, New York CNN, Tesla, Big Tech, Nvidia, Amazon, Microsoft, Devices, Schwab Trader Education, Elon, Treasury, Federal Reserve, Investors, CBS, Fed, Nasdaq, CNN Locations: New York, Street, Silicon Valley

“It breathed new life into Trump.”RISKY BETS THAT PAID OFFFrom the start, Trump president acted like the front-runner, declining invitations to multicandidate events and refusing to debate. “You've got to give credit to the Trump campaign,” said Saltsman, who chaired the 2024 campaign of Mike Pence, who was Trump's vice president. Beyond the endorsements, Trump's team also worked closely with state parties as they set delegate allocation rules, encouraging winner-take-all contests and other changes that would ultimately benefit a front-runner. THE LOYALTY FACTORAs the first nominating contests neared, Trump's team worked to harness the dedication of his loyal supporters. Trump’s team rewarded its volunteers with perks such as VIP tickets to his rallies and gold-embroidered hats.

Persons: Donald Trump, Trump, Nikki Haley, Democrat Joe Biden, Chip Saltsman, ”, Chris LaCivita, Biden, Ralph Reed, “, Reed, Trump's, Joe Biden, Jason Miller, Michael Telesca, you’ve, ” LaCivita, Ron DeSantis, winnable, DeSantis, Trump’s, DeSanctimonious, Taylor Budowich, MAGA, “ MAGA, ” Budowich, “ DeSantis, Gary Leffler, Leffler, Kevin McCarthy, Liz Cheney, McCarthy, Mike DuHaime, Chris Christie, “ You've, Saltsman, Mike Pence, " Miller, Brian Jack, Haley, Marc Short, ‘, LaCivita, John Goodrich, Goodrich, Hannah Fingerhut Organizations: White, U.S . Capitol, Trump, Republican, Nevada’s Republican, GOP, Democrat, Biden didn't, & Freedom Coalition, Trump's, Democratic, Biden’s Justice, Republican Party, Inc, Security, PAC, CNN, “ MAGA Inc’s, U.S . House, Mar, Former U.S . Rep, New, New Jersey Gov, Biden, South, Associated Press Locations: NASHUA, N.H, Washington, Iowa, New Hampshire, New York, East Palestine , Ohio, East Palestine, Lago, Florida, U.S, Georgia, Hickory , North Carolina, West Des Moines , Iowa, New Jersey, Europe, South Carolina, Des Moines, Des Moines , Iowa

☆ Why parts of the ‘Magnificent 7’ are losing their luster
▼ + stars: | 2024-02-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +6 min

After turbocharging late 2023's stock market rally, some of the " Magnificent 7 " technology darlings are looking less magnificent this year. Shares of Meta and Nvidia are leading the Magnificent 7 for the year, with both stocks jumping roughly 34% each. The rest of the Magnificent 7 stocks, however, have received anywhere from 70% to 85% buy rating consensus. While the other five are forecast to see at least double-digit earnings growth estimates, analysts predict Apple's earnings growth to stay relatively unchanged. On the other hand, consensus estimates call for Tesla earnings to fall by 20%.

Persons: turbocharging, Tesla, Art Hogan, Hogan, Baird, Elon Musk's, Ben Kallo, Tim Long, Piper Sandler, Harsh Kumar, Charles Schwab, Kevin Gordon, Gordon, Ed Yardeni, isn't, Yardeni, Russell, Fred Imbert Organizations: Nvidia, Meta, Microsoft, Apple, Wall Street, Riley Wealth Management, CNBC, BYD, Barclays, Blips, Yardeni Research, titans Locations: Delaware, China

Evidence of a strong economy has so far been lost on a general public that still feels the pinch of inflation and worries about the uncertainty of life in 2024. Signs of a thaw in public opinion, but pessimism still dominatesA new CNN poll shows Biden still has a lot of convincing to do: Perception of the economy remains deep under water. However, if hiring remains strong and inflation keeps falling, it may become easier for Biden to convince voters he’s doing a good job strengthening the economy. CNN’s polling editor Ariel Edwards-Levy notes that about half the country, 48%, thinks the economy remains in a downturn. Their letter is proof that the fact of a strong economy is felt, if at all, in different ways.

Persons: Phil, Joe Biden’s, Biden, Donald Trump, “, Trump, Ariel Edwards, Levy, that’s, Sen, Elizabeth Warren, ” Warren, Democratic Sens, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: CNN, Bureau of Labor Statistics, Trump, Federal, Fed, Democratic

☆ How lawyers in the Trump ballot case are training for the Supreme Court arguments
▼ + stars: | 2024-02-02 | by ( Joan Biskupic | Cnn Senior Supreme Court Analyst | ) edition.cnn.com time to read: +10 min

Mitchell joined the case on behalf of Trump around the time arguments were underway at the Colorado Supreme Court. Georgetown’s Supreme Court Institute, for instance, relies heavily on attorneys who have served in the US solicitor general’s office, the government’s top lawyers before the Supreme Court. (The Institute, which operates on a non-partisan basis and offers its sessions for free, declined to comment on the Trump case arrangement.) Particularly valuable for any moot court, along with former members of the solicitor general’s office, are former Supreme Court law clerks. In that November 2021 controversy, the Supreme Court allowed Mitchell 10 minutes as an an intervenor on the Texas side.

Persons: Jason Murray, Donald Trump, Jonathan Mitchell, who’ve, Murray, Mitchell, It’s, ”, David Frederick, ” Frederick, Trump, John Roberts, Roberts, Amy Coney Barrett, Brett Kavanaugh, Elena Kagan, Samuel Alito, Anderson, Jack Dempsey, disqualifying, Bartlit Beck, Olson Grimsley, Kagan, Neil Gorsuch, Eric Olson, Sean Grimsely, Antonin Scalia, Roe, Wade . Kagan, Dobbs Organizations: CNN, Liberal, Trump, SPAN Murray, Colorado, Georgetown Law, Institute, Lawyers, Colorado Supreme, Organizers, Supreme, Harvard, Appeals, University of Chicago, Jackson, Health Organization Locations: Trump, Washington, Denver, Colorado, Texas

☆ The weakest candidate against Donald Trump is Joe Biden, says pollster Frank Luntz
▼ + stars: | 2024-02-01 | 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 EmailThe weakest candidate against Donald Trump is Joe Biden, says pollster Frank LuntzFrank Luntz, FIL Inc. pollster and political strategist, joins 'Squawk Box' to discuss the state of the 2024 race, why many Biden voters are looking for a change, potential outcomes of a Biden-Trump rematch, and more.

Persons: Donald Trump, Joe Biden, pollster Frank Luntz Frank Luntz Organizations: Inc, Biden, Trump

☆ Homebuyers searching for a bargain should target these 10 cities where home prices are down even as the housing market heats up
▼ + stars: | 2024-02-01 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Read previewThe US housing market is showing signs of life again after the weakest year for home sales since the financial crisis . Home transaction volume tanked in 2023 as buyers and sellers became dissatisfied with the state of the real estate market. Would-be buyers became renters as mortgage rates surged to levels not seen since the turn of the century, hurting home demand and frustrating sellers. Mortgage rates are down over one percentage point from their fall peak, though they're still much higher than they were throughout the 2010s. 10 cities where prices are downThe outlook for buyers is finally improving, especially in cities where home prices are falling.

Persons: —, Realtor.com, Danielle Hale, they're Organizations: Service, Business Locations: Denver, Seattle, Miami

☆ Dollar hovers near 7-week high as Fed cut bets shift to May
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: +3 min

In this photo illustration, a person seen holding a 100 US dollar bill in his hand. The dollar has been buoyed by U.S. economic data suggesting the Fed can wait longer before cutting interest rates. Powell gave the currency another push overnight by calling a cut in March "not the base case." Traders are now pricing in a 38% probability the Fed will cut rates in March, down from 59% ahead of the Fed decision. Against Japan's currency, the dollar drifted 0.06% lower to 146.81 yen , adding to Wednesday's 0.47% decline.

Persons: Jerome Powell, Powell, Hogan, Riley, Sean Callow Organizations: Federal, Treasury, U.S, New, Bancorp, Fed, Traders, New York Community Bancorp, Investors, UST, Westpac, U.S . Locations: U.S, New York

BERLIN (AP) — Efforts to fight public sector corruption are faltering around the world, in part because a “global decline in justice and the rule of law since 2016," according to a corruption index released Tuesday. Transparency International, which compiles the annual Corruption Perceptions Index, found 23 countries at their worst level since the global ranking began almost three decades ago, including both high-ranking democracies and authoritarian states. The global average was unchanged at 43 for the 12th consecutive year, and more than two-thirds of countries scored below 50. Arab countries’ average score on the index hit an all-time low of 34, and sub-Saharan Africa remained stagnant at 33. Transparency International said that the government's “pervasive control of public institutions facilitates the widespread abuse of power without accountability" while judicial independence is eroding.

Persons: ”, François Valérian, party's Organizations: BERLIN, Transparency, World Bank, Economic, European Union Locations: Iceland, Netherlands, Sweden, Britain, Iran, Russia, Venezuela, Denmark, Finland, New Zealand, Norway, Singapore, Switzerland, Germany, Luxembourg, United States, Somalia, South Sudan, Syria, Yemen, Equatorial Guinea, Haiti, North Korea, Nicaragua, Asia, Pacific, Latin America, Caribbean, Saharan Africa, Europe, Poland, Hungary, Ukraine

☆ DHS Secretary Alejandro Mayorkas pens scorching letter ahead of House Republicans' impeachment hearing: 'Your false accusations do not rattle me'
▼ + stars: | 2024-01-30 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Read previewHomeland Security Secretary Alejandro Mayorkas penned a blistering rebuttal on Tuesday morning hours ahead of House Republicans' expected vote that moves the party one step closer to impeaching the first Cabinet secretary in almost 150 years. Green's committee will meet Tuesday morning to consider two articles of impeachment against Mayorkas in response to Republicans' aversion to the Biden administration's immigration policies. Republicans control the committee and are expected to approve the articles, setting up a full House vote. Even some House Republicans have expressed reservations over the party's case against Mayorkas. House Republicans are aghast over the current situation on the U.S. southern border.

Persons: —, Alejandro Mayorkas, Mayorkas, Mark Green, Mike Johnson, Joe Biden's Organizations: Service, House Republicans, Business, Republican, House Homeland Security, Biden, Republicans, Punchbowl News, House Democrats, Russia, Democratic, White House, Customs, Border Protection Locations: Ukraine, U.S

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