Salman Rushdie, the author who has lived under a death threat from Iran for several decades, was stabbed on stage during a literary event in the US on Friday morning. Police said Rushdie, 75, suffered a stab wound to the neck and was flown to hospital by helicopter. The Booker Prize-winning author was still in
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The U.S. House of Representatives Friday sent President Joe Biden a long-debated climate, tax and healthcare bill. The legislation passed with a vote of 220 to 207 along party lines. Biden’s signature will mark the final chapter for an 18-month-long saga marked by intense negotiations among Democrats, who used a parliamentary procedure called reconciliation to
The contestants? Fifty or so cars, some food stalls, an FT columnist, scooter taxis, alighting Skytrain riders and one of those street cats that, spared western feeding, manage to keep their figures. The prize? Space to move, or just to be. And this is one of the airier junctions of Sukhumvit Road. The rail line
The House of Representatives has approved the $700bn climate, health and tax bill championed by Joe Biden and congressional Democrats, completing a significant legislative victory for the US president and his party. The lower chamber of Congress voted on the legislation on Friday following its final passage in the US Senate this past Sunday. It
Like many famous residents living within its rolling landscape, the Hollywood Hills are much more than what is visible to the public eye. For starters, the central Los Angeles neighborhood is actually composed of 10 smaller neighborhoods, including notable enclaves such as Laurel Canyon, the Bird Streets and Sunset Plaza. Stretching across the Cahuenga Pass
California lawmakers’ focus on one-time spending in the budget approved July 1 keeps the state on track for a potential rating upgrade one year out from receiving a positive outlook from S&P, but challenges remain. The state’s fiscal 2023 adopted budget “projects long-term structural balance through fiscal 2026, despite a projected multibillion dollar rise and
Donald Trump is under investigation for potentially mishandling information related to US national defence in violation of the Espionage Act, along with other possible violations related to the handling of government documents, according to the FBI’s warrant to search the former president’s home. The search of Trump’s Mar-a-Lago estate on Monday, which triggered a fierce
Short-end munis sold off Friday as pressure from two-year U.S. Treasury yields as well as rising floating-rate muni yields have begun to hit the triple-A yield curves. Treasuries were better five years and out while equities rallied to close out the week. Triple-A curves saw yields rise by as much as eight to 10 basis
The winner of the Conservative party leadership contest will face huge additional costs of servicing the nation’s debt and paying social security benefits as a result of rising inflation and interest rates, according to Financial Times calculations. The estimates, which are an update to the Bank of England’s previous official inflation forecast in March, show
Believe it or not, investors do sometimes think about things that are not directly related to US interest rate policy. Of course, the debate over what the Federal Reserve does next matters. It is unquestionably the biggest issue of the moment. This week it dominated otherwise sleepy summertime market conditions yet again, thanks to data
More than 300 years of agricultural and architectural history are represented at a 135-acre property in Clarksville, Maryland. Known as Richland Farm, the spread about 25 miles outside of Baltimore has earned a spot in the National Register of Historic Places as a “farmstead which characterized rural Howard County from the late 18th century through
The federal infrastructure package will boost Illinois’ six-year transportation spending by $4 billion, Gov. J.B. Pritzker said Friday. The state will spend an overall $24.6 billion under the six-year program for roads and bridges with $3.7 billion in spending during the current fiscal year. About $18.8 billion goes to roads with the remainder spent on
For a guy on holiday with his family, Martin Lewis looked and sounded anything but relaxed. The Money Saving Expert founder (and closest thing Britain has to a patron saint of personal finance) usually adheres to a self-imposed media embargo for two weeks every summer, but broke it following shock predictions that average energy bills
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Tracey Ryniec reveals the companies with the best earnings surprise charts. Constellation Brands: https://www.zacks.com/stock/quote/STZ?cid=CS-YOUTUBE-FT-VID Acuity Brands: https://www.zacks.com/stock/quote/AYI?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
How do you start investing? Where do you begin? What are the best things you can do to start? We answer those and many other questions in our latest series – Investing 101. Join us in our first video of the series to find out more about the compound interest effect and what it does
Smaller-sized cities and towns worried they won’t be able to snag a piece of the infrastructure dollars unleashed in the new federal law have until the end of the month to apply for a first-of-its-kind program aimed at boosting their chances. The “specialized training boot camps” led by the National League of Cities will help
How I Met Your Mother star, Alyson Hannigan, and her husband, fellow actor Alexis Denisof of Angel fame, are selling an architectural masterpiece home known as the Sherman Residence. At $18 million, a sale near the listing price would be more than twice the $7.95 million the couple paid for the Encino compound back in
While home sellers might enjoy seeing potential buyers fight over their homes, the housing market is seeing a decline in bidding wars, leaving those buyers who are still waiting on the sidelines more options and negotiating power. Nationwide, 44.3% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in July,
After nearly thirty years at the Securities and Exchange Commission in various roles, Lori Price has been promoted to director of the Office of Credit Ratings. She’ll begin the new role Aug. 14. The OCR is responsible for oversight of nationally recognized statistical rating organizations and conducts exams, develops and administers rules and maintains standards.
With the plan of adjustment hearing for the Puerto Rico Highways and Transportation Authority less than a week away, arguments remain over five legal objections to the plan. Insured bondholders, Puerto Rico’s Fiscal Agency and Financial Advisory Authority, HTA wage earners, an insurance company, and a dairy are challenging the plan. The plan of adjustment