WARSAW, Poland — WARSAW, Poland (AP) — The collapse of Germany’s governing coalition and President-elect Donald Trump’s imminent return to the White House are creating new risks for the European Union’s biggest economy, already in a troubling decline. Germany’s economy has been shrinking for the past two years in the wake of the coronavirus pandemic, … Read more
Caroline Ellison, a former top executive in Sam Bankman-Fried ’s fallen FTX cryptocurrency empire, began her two-year prison sentence Thursday for her role in a fraud that cost investors, lenders and customers billions of dollars. Ellison, 30, reported to the federal prison in Danbury, Conn., according to the Federal Bureau of Prisons. She had pleaded guilty and … Read more
Cannabis stocks plunged Wednesday after Florida Gov. Ron DeSantis and billionaire Ken Griffin successfully defeated a marijuana legalization measure on the ballot. Amendment 3 – which would have legalized the recreational use of marijuana in the state’s constitution – failed to receive the 60% support needed to pass under Florida law. It received 55.9%, or … Read more
The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July. The rate ticked up to 6.79% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the rate averaged 7.5%. Borrowing costs on … Read more
DANBURY, Conn. — Caroline Ellison, a former top executive in Sam Bankman-Fried ’s fallen FTX cryptocurrency empire, began her two-year prison sentence Thursday for her role in a fraud that cost investors, lenders and customers billions of dollars. Ellison, 30, reported to the federal prison in Danbury, Connecticut, according to the Federal Bureau of Prisons. … Read more
Carbon pollution from private jets has soared in the past five years, with most of those small planes spewing more heat-trapping carbon dioxide in about two hours of flying than the average person does in about a year, a new study finds. About a quarter million of the super wealthy — worth a total of … Read more
MSNBC “Morning Joe” host Joe Scarborough dragged Democrats for being “afraid” to “offend some small subset of their base” by speaking out about illegal immigration and transgender issues — two vital concerns for voters who helped elect Donald Trump. The former GOP congressman-turned-liberal cable news anchor offered up his scathing post-mortem on why Vice President … Read more
The number of Americans applying for jobless aid ticked up last week but layoffs remain at historically low levels. The Labor Department reported Thursday that jobless claim applications rose by 3,000 to 221,000 for the week of Nov. 2. That’s fewer than the 227,000 analysts forecast. The four-week average of weekly claims, which softens some … Read more
It was perhaps natural that campaign coverage of the presidential candidates’ healthcare policies began and ended with abortion rights; since June 2022, when the Supreme Court overturned Roe v. Wade, 20 states have banned abortions or enacted draconian restrictions on the procedure. That landscape could turn even more dire with the reelection of Donald Trump. … Read more
Jakub Porzycki | Nurphoto | Getty Images Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for the streaming platform since its inception. Max now has 110.5 million subscribers as of Sept. 30. Warner Bros. Discovery’s flagship streaming service has … Read more