Politics
California Gov. Newsom unveils historic $97.5 billion budget surplus
California Gov. Gavin Newsom unveils his 2022-2023 state budget revision during a news conference i in Sacramento, Calif., Friday, May 13, 2022. California is expected have a record surplus. Rich Pedroncelli | AP California is entering the next budget year with a record-smashing surplus of nearly $100 billion, Gov. Gavin Newsom said Friday. Newsom unveiled […]
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Leading House Democrat Bill Pascrell demands Biden replace IRS chief over tax document destruction ‘scandal’
Charles P. Rettig, commissioner of the Internal Revenue Service, testifies during the Senate Finance Committee hearing titled The IRS Fiscal Year 2022 Budget, in Dirksen Senate Office Building in Washington, D.C., June 8, 2021. Tom Williams | Pool | Reuters A leading House Democrat on Friday called on President Joe Biden to replace IRS Commissioner […]
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Erdogan says Turkey doesn’t support Sweden, Finland joining NATO
Turkey’s President Tayyip Erdogan holds a news conference during the NATO summit at the Alliance’s headquarters in Brussels, Belgium June 14, 2021. Yves Herman | Reuters Turkish President Recep Tayyip Erdogan has thrown Sweden and Finland’s potential NATO membership into doubt, just as both countries are on the cusp of applying to join the alliance […]
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Slain Al Jazeera journalist laid to rest in Jerusalem
Thousands of mourners, some hoisting Palestinian flags and chanting “Palestine, Palestine,” on Friday attended the funeral in Jerusalem for veteran Al Jazeera journalist Shireen Abu Akleh, who witnesses say was shot and killed by Israeli forces earlier this week while covering a military raid in the occupied West Bank. Earlier on, ahead of the church […]
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Regulators are growing anxious about stablecoins after Terra’s stunning collapse
The entire stablecoin market is now worth more than $160 billion. Justin Tallis | AFP via Getty Images Regulators are getting increasingly worried about stablecoins after the collapse of controversial cryptocurrency venture Terra. TerraUSD, an “algorithmic” stablecoin that’s meant to be pegged one-to-one with the U.S. dollar, has erased much of its value this week […]
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Brittney Griner’s pre-trial detention in Russia extended by a month, lawyer says
Brittney Griner #42 of the Phoenix Mercury poses for a photo at practice and media availability during the 2021 WNBA Finals on October 16, 2021, at Wintrust Arena in Chicago, Illinois. Barry Gossage | National Basketball Association | Getty Images WNBA star Brittney Griner’s pre-trial detention in Russia was extended by a month during a […]
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5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow futures pop after the 30-stock average’s six-session losing streak The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., […]
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United reaches new contract deal with pilots union, the first of the major airlines in pandemic
Boeing 777ER United Airlines. Aircraft to Fiumicino Leonardo da Vinci Airport. Massimo Insabato | Mondadori Portfolio | Getty Images United Airlines and its pilots’ labor union have reached an agreement on new contract terms, the first of the major carriers to strike a deal since the start of the pandemic. The crisis roiled the industry […]
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Novavax confident Covid vaccine will receive FDA authorization in June after delays
Novavax is confident its Covid-19 vaccine will receive the endorsement of the Food and Drug Administration’s advisory committee early this summer, executives said this week. The FDA committee is scheduled to meet on June 7 to review Novavax’s submission. An endorsement from the committee, which is made up of independent experts, would mean the drug […]
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Russia investing ‘significant effort’ in eastern offensive; Zelenskyy says Kremlin defeat is obvious. Follow our live updates
Russia investing ‘significant effort’ in bid to achieve eastern Ukraine breakthrough, UK says Ukrainian soldiers and their anti-aircraft missile system near Slovyansk, eastern Ukraine, on May 11, 2022. Yasuyoshi Chiba | AFP | Getty Images Russian forces are investing “significant effort” around the Ukrainian cities of Izium and Severodonetsk in an attempt to achieve a […]
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