Author: Press Room

By Ankur BanerjeeSINGAPORE (Reuters) – Asian stocks got a lift on Thursday from Chinese stocks as China’s central bank kicked off its 500 billion yuan facility to spur capital markets, while the dollar lingered near a two-month high ahead of U.S. inflation data later in the day.The People’s Bank of China (PBOC) said it would start accepting applications from financial institutions to join a newly created funding scheme, a plan it announced on Sept. 24 as part of a series of stimulus measures that drove Chinese stocks higher.China’s blue-chip CSI300 index rose 1.7% in early trading, a day after dropping…

Rep. Matt Gaetz (R-Fla.) said Thursday he will no longer voluntarily cooperate with a House Ethics Committee investigation into his conduct, calling the probe “uncomfortably nosey.” In a lengthy letter to the committee posted to social media platform X, Gaetz said he’s aware of a subpoena from the committee but that it has not yet been served to him. He “unequivocally” denied sexual activity with anyone under the age of 18 and said he had “not used drugs which are illegal, absent some law allowing use in a jurisdiction of the United States.” Gaetz has denied wrongdoing. The Justice Department conducted…

Billionaire Elon Musk will attend former President Donald Trump’s rally in Butler, Pennsylvania, on Saturday, the same location where Trump was shot in the ear in a near-miss assassination attempt during a July speech. Musk, who in recent months has become a key figure in Trump’s campaign and has increased his political spending for Republicans across the board, said on X (which he owns), “I will be there to support!” While Musk has hosted Trump during a virtual event on X and has said he’s donating $45 million monthly to a PAC that supports him, he has not rallied with…

Motorists should expect afternoon lane closures and detours as two high schools take over Elk Grove streets in celebration.Elk Grove High School, the city’s oldest, begins its homecoming parade through the streets starting at 12:45 p.m. Friday. The Thundering Herd’s varsity team will take to the field against the Laguna Creek Cardinals at 5 p.m.According to the city, drivers can expect lane closures along Elk Grove Boulevard and Elk Grove-Florin Road as students march in celebration of this annual tradition.The following streets will have lane closures:▪ Valley Oak Drive at Elk Grove High School to Vista Grande Way▪ Elk Grove-Florin…

Local users of the company’s services have recently reported problems while trying to register new accounts Google is planning to continue offering its free services in Russia, the company told the Moscow daily Vedomosti. The US tech giant added that it was working to resolve issues with creating new user accounts.Earlier this week, the Ministry of Digital Development, Communications and Mass Media warned that Russian Google users should create backup copies of their data, saying the tech giant’s parent company Alphabet had apparently started preventing them from registering new accounts in the country.The announcement came shortly after some Google users…

A wish list of weapons has been compiled by the senior American general in Europe, Christopher Cavoli, according to the news network The top US general in Europe, Christopher Cavoli, has pushed for air-launched cruise missiles from Pentagon stockpiles to be sent to Ukraine, CNN reported on Tuesday. Cavoli, who leads Washington’s European Command (EUCOM) and serves as a senior NATO commander, has been heavily involved in coordinating Western military support for Ukraine amid its ongoing conflict with Russia.Moscow has repeatedly warned that any such initiative will lead to a strong response, and will be interpreted as direct Western involvement…

Authored by Daniel Klein via The Brownstone Institute,In the Vice-Presidential debate, the Democratic candidate Tim Walz used shouting fire in a crowded theater to justify limitations on free speech. Ironically, he resembles a man shouting fire in a crowded theater.The history of this phrase traces to Justice Oliver Wendell Holmes Jr. in the 1919 Supreme Court case Schenck v. United States, in which he says it is wrong to “falsely” shout fire. The case concerned the right to protest war. Schenck was later largely overturned. Still, the phrase has stuck. When we think about why it is wrong to shout fire in a crowded theater, we…

CNN’s Dana Bash reported today that Democrats are having flashbacks to 2016 and that there is panic on the left that Kamala Harris is not moving the needle, in terms of building support. Dana then brings on reporter Priscilla Alvarez who confirms the reporting, saying that people close to the Harris campaign are definitely concerned. The campaign of ‘joy’ is morphing into one of anxiety, according to Alvarez. FOX News has details: Sources close to Vice President Kamala Harris’ campaign reportedly told CNN that Democrats were panicked because polls have largely remained stagnant with less than four weeks to go…

Sajjan (left) and Parth Jindal.JSW Group This story is part of Forbes’ coverage of India’s Richest 2024. See the full list here. Sajjan Jindal, the son of India’s richest woman, Savitri Jindal, is steering his Mumbai-based steel-and-energy giant JSW Group into making cars. In March, he bought 35% of MG Motor India from China’s SAIC Motor for an undisclosed amount. “When the transition [to EVs] started happening…we felt the playing field was becoming a lot more even.” ss Parth Jindal, son of Sajjan and a director of the renamed JSW MG Motor, is especially bullish on the electric vehicle market…

The Fed’s September 18th interest rate cut was a long time coming and a symbol of progress on inflation. It’s a cause for celebration and a catalyst for re-examining investment strategies you favored during the higher-for-longer interest rate environment. With more rate cuts expected later this year, now’s a perfect time to consider changes that could be advantageous to your portfolio. Don’t get me wrong. I’m not an advocate of timing the market, but I am a believer in managing your portfolio to capitalize on changing tradeoffs between risk and reward. Given the declining interest rate environment, it can be…