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[ad_1] Facebook Tweet Email Link Norway’s $2 trillion sovereign wealth fund, the world’s largest, said on Tuesday it expects to divest from more Israeli companies as part of its ongoing review of investments in the country over the situation in Gaza and the West Bank. The fund announced on Monday it was terminating contracts with external asset managers handling some of its Israeli investments and has divested parts of its portfolio in the country over the worsening humanitarian crisis in Gaza. The review began last week following media reports that the fund had built a stake of just over 2%…
[ad_1] Facebook Tweet Email Link London — This week marks US President Donald Trump’s new deadline for his plan to compel Russia to make peace in Ukraine: hit countries still buying Moscow’s oil with fresh tariffs. Trump’s foreign envoy Steve Witkoff will travel to Russia Wednesday before the deadline kicks in later this week, according to a White House official. But if peace in Ukraine still looks remote and Trump goes ahead with his plan, the new cudgel could hit America’s own economy – through more expensive consumer goods, lower profit margins for American companies, and possibly higher oil prices,…
[ad_1] Facebook Tweet Email Link New York — President Donald Trump campaigned on lowering grocery prices during the 2024 race and pledged that Americans are “going to be affording their groceries very soon.” But grocery prices have continued to tick higher after the election, and Americans are starting to change their shopping behavior as they grow more concerned about the economy. More than half of Americans say they are stressed about food costs, according to poll from The Associated Press-NORC Center for Public Affairs Research released this week. Fifty-three percent of people said grocery costs were a “major” stress, while…
[ad_1] Facebook Tweet Email Link Fort Collins, Colorado — In his nine years at the Fort Collins, Colorado, police department, Officer Scott Brittingham says he has taken a lot of pride in the process of writing reports after each call for service. But when the department decided to test a tool to speed things up, he was intrigued. Now, a report that might have previously taken him 45 minutes to write takes just 10 minutes. “I was a little bit skeptical, I’m not a big technology person,” Brittingham said in a March interview at the Fort Collins police station for…
[ad_1] Facebook Tweet Email Link New York — President Donald Trump’s sweeping tariff regime is generating so much revenue for the federal government that Washington could eventually return some of that windfall to taxpayers. Even though Trump’s historically high tariffs were designed to revive American manufacturing and to help chip away at the national debt, the president sounds open to using tariffs for another purpose: rebate checks. “We’re taking in so much money that we may very well make a dividend to the people of America,” Trump said Tuesday. Although discussions on rebate checks are preliminary and nothing is imminent,…
[ad_1] Facebook Tweet Email Link New York — Eastman Kodak, the 133-year-old photography company, is warning investors thats it might not survive much longer. In its earnings report Monday, the company warned that it doesn’t have “committed financing or available liquidity” to pay its roughly $500 million in upcoming debt obligations. “These conditions raise substantial doubt about the company’s ability to continue as a going concern,” Kodak said in a filing. Kodak aims to conjure up cash by ceasing payments for its retirement pension plan. It also said that it doesn’t expect tariffs to have “material impacts” on its business…
[ad_1] Facebook Tweet Email Link A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. New York — President Donald Trump is doubling down on “debanking” — a once-niche political issue that now appears deeply personal for him. While Trump’s at times rocky professional history with Wall Street banks is well-documented, he aligned himself Tuesday with many of his MAGA supporters who claim they’ve been shut out from mainstream finance, telling CNBC that “the banks discriminated against me very badly, and I was very good to the banks.”…
[ad_1] Facebook Tweet Email Link New York — Hours before President Donald Trump fired former Bureau of Labor Statistics commissioner Erika McEntarfer this month, E.J. Antoni appeared on former White House strategist Steve Bannon’s podcast to discuss the BLS’ monthly jobs report, which showed much-lower-than-expected numbers for July and shockingly steep revisions for May and June. Antoni called McEntarfer “incompetent” for failing to fix data collection and interpretation problems at the BLS that have led to major revisions in recent years. He agreed with Bannon on the solution: A MAGA Republican who “Trump knows and trusts” should be put into…
[ad_1] Facebook Tweet Email Link London — If you want to get away from it all, there can be few places more secluded than Thorne Island. Situated 3 nautical miles off the coast of Pembrokeshire in west Wales, United Kingdom, the private island is home to a 19th century fort. Extending to approximately 2.49 acres, Thorne Island has recently gone up for sale, with the owner seeking offers in excess of £3 million ($4 million), according to the listing on the Strutt & Parker website. The fort’s highlights include a helipad, a covered rooftop bar with a games room and…
[ad_1] Facebook Tweet Email Link New York — President Donald Trump has realigned global trade and American politics, ushering in a new era in which pay-to-play appears to be the new norm, and every interaction is a chance to score some extra cash — even if it means starting a global trade war or demanding a payout from America’s own industries. ICYMI: American chipmakers Nvidia and AMD agreed to pay the US government 15% of their revenues from semiconductor sales to China in exchange for export licenses. It’s an unorthodox (and potentially illegal) arrangement which, at minimum, offers Trump a…