Author: Arabian Media staff
This is an on-site version of the White House Watch newsletter. You can read the previous edition here. Sign up for free here to get it on Tuesdays and Thursdays. Email us at whitehousewatch@ft.comHello and welcome to White House Watch! Today let’s talk about:The Trump administration will send 700 Marines to Los Angeles amid protests against raids on alleged illegal immigrants, as the president tests the boundaries of his executive power.The move came just hours after California’s Democratic governor Gavin Newsom sued Donald Trump for an earlier decision to deploy National Guard troops to stamp out protests that began at the weekend.Over the…
During the Great Recession, borrowers were trying to refinance their mortgages, and even high-end homeowners had trouble foreclosing. There were several reasons why so many citizens were having trouble with their mortgages, including “liar loans” and underwater homes. These problems aren’t just in the past, either. Buyers can still make mistakes, such as choosing an adjustable-rate or exotic mortgage when they don’t need either, or by not making a down payment at all. Key Takeaways Adjustable-rate mortgages offer a low initial rate that results in lower payments; however, the interest rate resets after a set period of time.Putting no down…
Annuities and bonds are two financial products often used by investors who are seeking a steady stream of income in retirement. However, tax regulations, interest rates, lending systems, and maturity lengths for these products vary widely. Before you make any investment decisions, it’s important to know how they differ. Key Takeaways Annuities allow you to invest money with a life insurance company, which provides an income stream for a period of time or for life.A bond is a debt instrument that investors buy from corporations or governments that pay interest for a fixed period and the principal gets repaid when…
Smucker wants to keep prices as low as possible as its revenue outlook more closely matches Wall Street analyst estimates than its profit view. Source link
Just three years ago, media chief David Zaslav pulled off the deal of his life: combining his much smaller television company Discovery with HBO-owner Warner Bros in a $43bn merger that he described as a “rendezvous with destiny”. On Monday, Zaslav, in effect, unwound that deal by splitting Warner Bros Discovery into two companies facing very different futures. Its streaming and studios business, housing HBO and Warner Bros’ production facilities, is primed for battle with US tech groups including Netflix. However, its still lucrative legacy networks business, which includes CNN, Discovery and the bulk of the group’s $37bn of debt, is…
Stay informed with free updatesSimply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox.Italian, Spanish and Greek sovereign bonds have emerged as the unlikely winners from this year’s bond market ructions, mounting a “relentless” rally that has narrowed the gap with Germany’s benchmark borrowing costs to nearly the smallest in more than a decade.Bond fund managers said the turnaround from the Eurozone debt crisis, when the countries endured soaring borrowing costs, was due to stronger than expected growth and increased sharing of debt burdens by the bloc’s members.Italy now pays only 0.9 percentage points more…
Money is a medium of exchange with a recognized value to make it easy for individuals to trade products and services with one another. Historically, cultures have introduced portable tokens, or cash, to simplify the process. However, cash can be used in criminal activities such as money laundering and tax evasion. Money laundering allows drug traffickers, human trafficking organizations, and corrupt groups to operate in an untraceable manner. Key Takeaways Digital money transactions are handled using computers and the Internet.In the United States, any financial institution that receives a cash deposit of more than $10,000 must report it to the…
Voyager Technology is set to go public this week, and could trigger a wave of other space-tech IPOs. Source link
Governments, businesses, and individual consumers are increasingly looking to alternative and sustainable forms of energy beyond fossil-based fuels as signs of climate change escalate. Solar and other alternative energies tended to be more expensive or more difficult to produce compared with fossil fuels. However, in the 2020s their costs have fallen substantially. They also offer the benefit of leaving behind a significantly smaller environmental impact. Solar companies are experiencing a period of growth following incentives provided by the Inflation Reduction Act of 2022, which allows taxpayers to subtract 30% of the cost of solar power from their taxes through 2032.…
Image credit: Getty Images More than 94,000 individuals worked within the Hajj organisation this year, supporting pilgrims across various sectors and operational locations. Read-Hajj 2025: Here’s how many pilgrims visited Saudi Arabia According to the Ministry of Hajj and Umrah, the figures reflect a unified institutional effort that brings together government and service agencies. This integration of human resources with modern technology aims to ensure a safe and seamless Hajj experience for all pilgrims. The initiative is part of the ministry’s broader strategy to enhance service quality and improve the pilgrim experience, under a comprehensive operational system managed by multiple…