Near-term, Goldman Sachs expects the S&P selloff to get worse, writing that while the ‘buy the dip’ strategy has been successful since the Global Financial Crisis, it might be more risky this time around with equity drawdowns reversing quickly. The Final Round discusses.
Thousands are expected to take to the streets to celebrate the 50th anniversary on Thursday of Portugal's "Carnation Revolution" that toppled the longest fascist dictatorship in Europe and ushered in democracy. Antonio Oliveira Salazar ruled Portugal from 1932 to 1968, but the regime lasted for a further six years under successor Marcelo Caetano, only crumbling on April 25, 1974. The almost bloodless revolution was conducted by a group of junior army officers who wanted democracy and to put an end to long-running wars against independence movements in the African colonies of Angola, Mozambique and Guinea-Bissau.
The app always faced an uphill battle in Congress because of its owner’s ties to China. But observers say TikTok’s complacency, tone deafness and hubris caused its lobbyists to lose its most important fight in Washington.
After meeting with Columbia University President Minouche Shafik, House Speaker Mike Johnson on Wednesday called on her to resign if she can’t tamp down Gaza war protests at the school and threatened federal funding for colleges that don't create safe environments for their Jewish students.
Mauritania President Mohamed Ould Ghazouani said Wednesday he would run for a second term in presidential elections due in June.The well-known anti-slavery activist and opponent Biram Dah Ould Abeid, who was a runner-up in the last presidential election, also announced his candidacy on Wednesday.
Will TikTok be banned in the U.S.? Here's what to know after the bill passed the Senate and was signed by President Biden.
Finding recipes that the whole family will love can be hard. These recipes make it easy.
Arizona lawmakers will again attempt to repeal a near-total ban on abortion from 1864 that was upheld by the state Supreme Court earlier this month.
Millions more Americans could become eligible for overtime pay.
US far-right conspiracy website Gateway Pundit is filing for bankruptcy, its founder said Wednesday, as it battles a string of lawsuits alleging it promoted misinformation related to the 2020 election.The Gateway Pundit, launched as a blog in 2004, rose to prominence as it trumpeted conspiracy theories about a range of subjects, from mass shootings to Donald Trump's false claim that the 2020 election was stolen from him.
Michael Hearn received weight-loss surgery and by walking, running marathons and eating a high-protein diet, he lost 200 pounds.
The former president is listed as an unindicted co-conspirator.
Donald Trump's legal team in his New York criminal hush money trial faces a balancing act as they portray him as a former president and a normal guy.
Amber Rodriguez was "terrified" in the weeks before her death and had been granted an order of protection against Elias Huizar, her ex-husband accused of fatally shooting her the same day his teen girlfriend was found dead in Washington state.
Tennessee’s Republican-dominant House on Wednesday spiked legislation that would have banned local governments from paying to either study or dispense money for reparations for slavery. It easily cleared the Republican-controlled Senate last April, but lawmakers eventually hit pause as the House became consumed with controversy over expelling two Black Democratic lawmakers for their participating in a pro-gun control protest from the House floor. Interest in the reparations bill emerged again this year, just as lawmakers and GOP Gov. Bill Lee were in the process of finalizing the removal and replacement of every board member of the state's only publicly-funded historically Black public university, Tennessee State University.
Hundreds of thousands of people gathered under a full moon across Australia and New Zealand for dawn services Thursday to commemorate their war dead on Anzac Day, as tensions mount in U.S.-China rivalry in the region. New Zealand Prime Minister Christopher Luxon attended a service in his country’s largest city Auckland, while Australian Prime Minister Prime Minister Anthony Albanese saw the sun rise at a World War II memorial in the wilds of Australia’s nearest neighbor, Papua New Guinea.
Doctors, hospitals and health insurance companies in California will be limited to annual price increases of 3% starting in 2029 under a new rule state regulators approved Wednesday in the latest attempt to corral the ever-increasing costs of medical care in the United States. The money Californians spent on health care went up about 5.4% each year for the past two decades. Democrats who control California's government say that's too much, especially since most people's income increased just 3% each year over that same time period.
Eleven Republicans who submitted a document to Congress falsely declaring that Donald Trump beat Joe Biden in Arizona in the 2020 presidential election were charged Wednesday with conspiracy, fraud and forgery, marking the fourth state to bring charges against “fake electors.” The defendants include the former chair of the Arizona Republican Party, a 2022 U.S. Senate candidate and two sitting state legislators. The grand jury indictment also describes an unindicted co-conspirator who is clearly Trump.
Weight loss drugs aren't covered by insurance for North Carolina's state employees. The state is negotiating with drugmakers Eli Lilly and Novo Nordisk to try to lower the costs.
A video of Israeli American hostage Hersh Goldberg-Polin was released Wednesday by Hamas' military wing, Al-Qassam Brigades.
SEOUL (Reuters) -South Korea's SK Hynix Inc said it expected a full recovery in memory chips on AI demand, after posting its highest profit in nearly two years on massive sales of its advanced DRAM chips such as high bandwidth memory (HBM) used in generative AI chipsets. The world's second-biggest memory chipmaker and Nvidia supplier reported a 2.89 trillion won ($2.1 billion) operating profit for the January-March quarter versus a loss of 3.4 trillion won a year earlier. "The memory market is entering into full recovery cycle with ongoing strength of AI demand," SK Hynix said.
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