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26/09/2023

He stepped aside as the ranking Democrat on the foreign relations committee in 2015 after he was indicted over what prosecutors said was a scheme to trade political favors for luxury vacations and campaign donations. He was reinstated as the panel's top Democrat in early 2018 after the Justice Department dropped its case.

25/09/2023

Menendez said he decided to step down temporarily as chairman of the Senate Foreign Relations Committee. He has denied wrongdoing and said he plans to continue to work for the people of New Jersey despite what he described as a "smear campaign

U.S. prosecutors on Friday charged Menendez and his wife with three felony conspiracy counts of bribery, fraud and extor...
24/09/2023

U.S. prosecutors on Friday charged Menendez and his wife with three felony conspiracy counts of bribery, fraud and extortion over their relationship with businessmen in his home state of New Jersey.

The charges against Democratic Senator Bob Menendez will cost President Joe Biden one of his most effective allies in Co...
24/09/2023

The charges against Democratic Senator Bob Menendez will cost President Joe Biden one of his most effective allies in Congress as he rallies support for aid to Ukraine and works to reclaim U.S. leadership on global issues from climate change to China.

Despite minor upticks in the Dow Jones, S&P 500, and Nasdaq Futures on Friday, the week saw the S&P 500 and Nasdaq Compo...
23/09/2023

Despite minor upticks in the Dow Jones, S&P 500, and Nasdaq Futures on Friday, the week saw the S&P 500 and Nasdaq Composite decline by 2.7% and 3.5% respectively. These declines marked their worst weekly performance since March. The turbulence was echoed in the bond market, where the 10-year Treasury yield rose by 15 basis points to reach a high not seen since 2007 at 4.498%. The 2-year rate also soared to a level last seen in 2006, at 5.2%.

The U.S. financial markets faced uncertainty on Friday, as the Federal Reserve signaled a prolonged period of elevated i...
23/09/2023

The U.S. financial markets faced uncertainty on Friday, as the Federal Reserve signaled a prolonged period of elevated interest rates and fears of a potential government shutdown loomed. This combination led to a lackluster performance in Friday's early futures session, following a week of significant downturns for major stock indices.

The week ahead brings more evidence of how much progress is left for developed-economy policymakers, while in the emergi...
22/09/2023

The week ahead brings more evidence of how much progress is left for developed-economy policymakers, while in the emerging world, India is set to enter the bond-market big time and a raft of central banks wrestle with a dilemma.

The moment investors have been waiting for seems to finally have arrived, as major central banks have indicated they are...
22/09/2023

The moment investors have been waiting for seems to finally have arrived, as major central banks have indicated they are nearing the end of their string of interest-rate rises.

Boss's analysis suggests that Dollar General's main clientele, predominantly individuals in the lower-income bracket, ar...
21/09/2023

Boss's analysis suggests that Dollar General's main clientele, predominantly individuals in the lower-income bracket, are grappling with economic difficulties. This financial strain is likely to affect their spending patterns and, in turn, the performance of Dollar General. According to Boss, there seems to be no immediate relief from these financial stressors.

J.P. Morgan analyst Matthew Boss revised his outlook on Dollar General (NYSE:DG), forecasting potential challenges for t...
21/09/2023

J.P. Morgan analyst Matthew Boss revised his outlook on Dollar General (NYSE:DG), forecasting potential challenges for the company due to financial strain among its primary customer base. The reassessment was announced on Wednesday.

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