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A federal grand jury in Miami has indicted Rep. Sheila Cherfilus-McCormick, D-Fla., on charges that she and several associates stole $5 million in federal Covid-19 disaster funds and funneled part of the money into her successful 2021 campaign for Florida’s 20th Congressional District. The indictment, unsealed Wednesday, alleges that Cherfilus-McCormick, 45, her brother Edwin Cherfilus and […]
OMAHA, Neb. — A fresh stock forecast for Berkshire Hathaway Inc. Class B shares is drawing attention to the company’s sweeping business mix and sizable equity portfolio, factors that continue to define trading perspectives on the widely held security. Conglomerate Structure Spans Multiple Industries Berkshire Hathaway functions as a holding company that owns or controls […]
The director of the Louvre Museum told French lawmakers on Wednesday that a wide-ranging security overhaul is underway following last month’s $102 million jewel robbery and a separate breach in which two Belgian social media personalities hung their own portrait near the Mona Lisa. Laurence des Cars, who has led the Paris institution since 2022, […]
U.S. District Judge Michael Nachmanoff devoted more than two hours on Wednesday to probing whether the criminal case against former FBI Director James Comey was initiated and managed in accordance with standard Justice Department procedures or steered by the preferences of President Donald Trump. The hearing, held in a federal courtroom in Alexandria, Virginia, focused […]
The Federal Reserve’s newly released minutes from its 29 October 2025 policy meeting show policymakers sharply divided over the decision to reduce the federal funds rate and increasingly doubtful about delivering another cut in December. The document highlights contrasting assessments of labor-market weakness and persistent inflation, underscoring the challenge of determining how restrictive current policy […]
Argus Research has updated its stock outlook for Elanco Animal Health Incorporated, citing the company’s expanded scale following the integration of Bayer’s former animal health division. The review focuses on how recent structural changes, alongside Elanco’s history as an independent, publicly traded entity, shape expectations for the business and its shares trading on the New […]
Washington, D.C. — A federal judge pressed prosecutors this week after learning that the grand jury which returned an indictment against former FBI Director James Comey did not review the final version of the charging document. During a hearing on Monday, Lindsey Halligan, the U.S. attorney appointed by President Donald Trump, acknowledged that only the […]
Former U.S. Treasury Secretary and past Harvard University president Larry Summers has resigned from the board of directors of OpenAI. The artificial-intelligence company disclosed the move on Wednesday morning, two days after Summers publicly expressed remorse over his long-standing interactions with the late financier Jeffrey Epstein. In a brief statement, OpenAI’s governing body said, “Larry […]
Who: Lowe’s Companies Inc. What: Reported fiscal third-quarter results that topped Wall Street expectations while cutting its full-year earnings forecast and modestly raising its sales target. When: Results released Wednesday, covering the three months ended Oct. 31, 2025. Where: The retailer operates about 1,700 stores across the United States; results were discussed on a conference […]
Boyu Capital is negotiating with Tencent Holdings, Singapore’s sovereign wealth fund GIC and other potential backers to join its planned acquisition of a majority stake in Starbucks’ mainland China retail business, people familiar with the matter said. The Beijing-based private equity firm intends to bring the two institutions in as limited partners, spreading financial exposure […]
Target Corp. reported a steep decline in third-quarter earnings and cautioned that the downturn is likely to extend through the all-important holiday season, underscoring the retailer’s difficulty in convincing cautious consumers to spend. The Minneapolis-based company said net income for the three months ended Nov. 1 fell 19 percent to $689 million, or $1.51 per share, from $854 million, […]
The Senate is set to forward the House-approved bill demanding the public release of Jeffrey Epstein–related records to President Donald Trump on Wednesday morning, moving the measure to the final step before it becomes law. Late Tuesday, senators agreed by unanimous consent to adopt the exact language passed earlier in the day by the House, […]