Former Vice President Mike Pence attacked President Joe Biden for his unwillingness to negotiate with House Republicans over the lapsed debt ceiling talks. Pence called it “unconscionable” that the president would refuse to meet with Speaker Kevin McCarthy (R-Calif.) over the Federal debt. “We have an obligation to uphold the full faith and credit of American currency. The Constitution…
Former Vice President Calls for Biden to Meet With House Speaker for Debt Ceiling Talks
April 25, 2023
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budget proposalBusiness & Marketscongresseconomic policieseconomyExecutive BranchJoe BidenKevin McCarthyPolicies & ImpactsPoliticsU.S. Debt LimitUS
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Taiwan Is Also Decoupling From China
April 25, 2023
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Business & MarketsBusiness Columnistsde-couplingglobal factoryOpinionTaiwanTaiwanese businessThinking About China
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Commentary America’s recent moves to decouple its economy from China seem to have found a mirror in Taiwan. It is not that Taipei’s official policy has embraced Washington’s increasingly hostile line toward Beijing. On the contrary, Taipei seems to have held to a carefully balanced diplomatic line. Instead, it is Taiwanese business that, following its…
New-Home Sales ‘Unexpectedly Rise’ in March to Highest Level in a Year
April 25, 2023
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Business & Marketseconomymortgage ratesnew home salesreal estateU.S. home pricesU.S. housing marketUSUS Real Estate
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New-home sales in the United States rose last month even though home prices increased during this period, with easing mortgage rates possibly boosting buying activity. Sales of new single-family homes in March 2023 rose by 9.6 percent to 683,000 from 623,000 in February, according to an April 25 press release (pdf) by the U.S. Census…
Standard Chartered CEO Warns Banking Sector Risks Will ‘Come Home to Roost’
April 25, 2023
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banking sectorBusiness & MarketsCompanieseconomic policieseconomyinflationInvestmentMarketsStandard CharterUBSUS
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Standard Chartered CEO Bill Winters warned that the U.S. banking sector may face another crisis after avoiding a near collapse last month. He spoke with CNBC’s Joumanna Bercetche on April 24 to discuss the future outlook of the industry. Regulators intervened in March to prevent mass panic after the collapse of Silicon Valley Bank, Signature Bank,…
Tucker Carlson’s Fans Say They’re Leaving Fox News and Fox Nation Streaming Service
After Fox News announced it had parted ways with primetime host Tucker Carlson on Monday, numerous people took to social media to announce they would stop watching the cable news network and cancel their subscriptions to its streaming service—Fox Nation. Carlson, who had led a popular primetime show on the network called “Tucker Carlson Tonight”…
FiveThirtyEight Founder Nate Silver ‘Leaving’ ABC News
Pollster Nate Silver’s data-driven politics and journalism brand FiveThirtyEight will be impacted by Disney’s new wave of layoffs, he wrote on Tuesday. Silver wrote in a tweet, “Disney layoffs have substantially impacted FiveThirtyEight. I am sad and disappointed to a degree that’s kind of hard to express right now.” Silver suggested in a Twitter post…
Elon Musk Suggests Twitter as New Platform for Tucker Carlson After Fox News Departure
Billionaire entrepreneur Elon Musk suggested Twitter could be a platform where Tucker Carlson could prosper after the Fox News primetime host departed the network on Monday. Carlson had been a fixture at Fox News since 2009, and had hosted his own primetime “Tucker Carlson Tonight” show from November 2016 until his final installment last Friday….
Jes Staley Asks Court to Dismiss JPMorgan Lawsuit Linked With Epstein
Former JPMorgan Chase executive Jes Staley has asked a U.S. court to dismiss a lawsuit filed against him by the bank that sought to hold him responsible for liabilities arising from Jeffrey Epstein’s sex-trafficking operations. JPMorgan wants Staley to forfeit eight years of his compensation as well as cover the bank’s losses in two lawsuits…
US Consumer Confidence Falls for 3rd Time in 4 Months
Consumer confidence dipped again in April as anxiety over a slowing economy and possible recession weighed on American households. The Conference Board reported Tuesday that its consumer confidence index fell to 101.3 in April from 104 in March. It’s the third time in four months that overall U.S. consumer confidence has declined. Optimism about current…
2nd Bud Light Executive on Leave Amid Trans Beer Boycott Fallout
A second Bud Light executive has “taken a leave of absence” following backlash over the company’s decision to partner with transgender activist Dylan Mulvaney for a campaign, according to reports. Daniel Blake, vice president for mainstream brands at parent company Anheuser-Busch, stepped back from his role just days after Alissa Heinerscheid, who has been vice president of marketing for…
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