
Yellen Says It’s Now ‘Highly Likely’ US Out of Cash Early June
Treasury Secretary Janet Yellen said it’s now “highly likely” that her department will run out of sufficient cash
1970-01-01 08:00

TikTok Sues Montana to Block First Statewide Ban of App
TikTok Inc. sued Montana over the first statewide ban of the popular app, saying the state has trampled
1970-01-01 08:00

Charles Schwab Challenge power rankings based on odds
The second men's major tournament on the calendar is officially in the books with Brooks Koepka capturing his third PGA Championship.Now, the PGA Tour is set to begin a stretch of entertaining tournaments between now and the U.S. Open. The first one will be the Charles Schwab Challenge at C...
1970-01-01 08:00

Tim Scott set to announce launch of his 2024 GOP presidential campaign
As he launches his presidential campaign on Monday, Sen. Tim Scott of South Carolina is officially wading into a GOP primary battle already largely dominated by two commanding figures: former President Donald Trump and Florida Gov. Ron DeSantis. Scott, the only Black Republican senator, will make his campaign announcement in his hometown of North Charleston after making it official last week with the Federal Election Commission. The late morning event is taking place at Charleston Southern University, Scott’s alma mater and a private school affiliated with the Southern Baptist Convention. Then he'll spend Tuesday with donors in Charleston before a whirlwind, two-day campaign swing to Iowa and New Hampshire. Like others in the GOP race, including former United Nations Ambassador Nikki Haley, former Arkansas Gov. Asa Hutchinson and “Woke, Inc.” author Vivek Ramaswamy, Scott will have to find a way to stand out in a field led by Trump and DeSantis, the latter of whom could announce his own bid as early as this week. But Scott's senior advisers note that political environments can shift over the course of a primary campaign, pointing to early in the 2016 race when Wisconsin Gov. Scott Walker and former Florida Gov. Jeb Bush were seen as the top GOP candidates before Trump became the party's nominee. One way Scott, 57, hopes to make his mark is by leaning into more optimistic rhetoric than his conservative rivals. With his Christian faith an integral part of his political and personal story, Scott often quotes Scripture at his campaign events, weaving his reliance on spiritual guidance into his stump speech and even bestowing the name “Faith in America” on his pre-launch listening tour. In terms of Scott's political strength, his team points to his most recent Senate reelection in November, when Scott defeated his Democratic opponent by more than 20 percentage points. Such overwhelming support in a state that votes early in the GOP's presidential nominating calendar bodes well for Scott's electability on a larger scale, his advisers say. There's also the matter of money. He will enter the 2024 race with more cash on hand than any other presidential candidate in U.S. history. He had $22 million left in his campaign bank account at the end of his 2022 campaign and plans to immediately transfer that to his presidential coffers. It's enough money, his team says, to keep Scott on the air with continuous TV ads in early voting states until the first round of votes next year. On many issues, Scott aligns with mainstream GOP positions. He wants to reduce government spending and restrict abortion, saying he would sign a federal law to prohibit abortions after 15 weeks of pregnancy if elected president. But Scott has pushed the party on some policing overhaul measures since the killing of George Floyd, and he has occasionally criticized Trump’s response to racial tensions. Throughout their disagreements, though, Scott has maintained a generally cordial relationship with Trump, saying in his book that the former president “listened intently” to his viewpoints on race-related issues. When he was appointed to the Senate by then-Gov. Nikki Haley in 2012, Scott became the first Black senator from the South since just after the Civil War. Winning a 2014 special election to serve out the remainder of his term made him the first Black candidate to win a statewide race in South Carolina since the Reconstruction era. He has long said his current term, which runs through 2029, would be his last. Scott rejects the notion that the country is inherently racist and has repudiated the teaching of critical race theory, an academic framework that presents the idea that the nation’s institutions maintain the dominance of white people. “Hear me clearly: America is not a racist country,” Scott has said. “It’s backwards to fight discrimination with different types of discrimination. And it’s wrong to try to use our painful past to dishonestly shut down debates in the present.” If Scott is successful, he would be the first Black person to win the Republican presidential nomination and the second elected to the presidency, following Barack Obama in 2008. In a video announcing his exploratory committee earlier this year, Scott positioned himself as the antidote to the “radical left: a self-made success story as the son of a single mother who overcame poverty. He also bemoaned Democratic leaders as needlessly dividing the country by fostering a “culture of grievance.” Other Republicans are still deciding whether to wade into the presidential race, including former Vice President Mike Pence, former New Jersey Gov. Chris Christie and Miami Mayor Francis Suarez. President Joe Biden is seeking reelection, a decision that has largely cleared the Democratic field. ___ Meg Kinnard can be reached at http://twitter.com/MegKinnardAP Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Haley vs. Scott: From South Carolina allies to 2024 rivals Who is Tim Scott? 5 things to know about the newest 2024 GOP presidential candidate Trump slams DeSantis as he welcomes Tim Scott to presidential race
1970-01-01 08:00

Michael Block odds at the Charles Schwab Challenge
Brooks Koepka won his fifth career major at the PGA Championship this past weekend, but his win was the secondary story of the tournament.The true hero of the tournament was PGA professional, Michael Block, who played the round of his life which culminated with a T15 finish, a $266k payday, and ...
1970-01-01 08:00

US Expresses ‘Serious Concerns’ About China Move Against Micron
The US has “serious concerns” about China’s move to restrict sales of Micron Technology Inc. products in the
1970-01-01 08:00

Nebraska GOP senator who voted for anti-trans and anti-abortion bill that passed by one vote admits she didn’t pay attention to the issue
A Nebraska Republican state senator who voted for a combined anti-trans and anti-abortion bill that passed by one vote in the legislature has admitted that she didn’t pay attention to the issue. State Senator Christy Armendariz represents the 18th District in the state. Writing for New York magazine, journalist Lila Shapiro said that the senator “led me to a bench in an empty hallway” to say that she “found it puzzling that a reporter from New York would come all the way to Nebraska to cover this affair”. “I don’t watch the news or get the newspaper,” she told the magazine. “Is there anything going on I should be aware of?” The writer told Ms Armendariz that other states have passed other similar bills restricting trans and women’s reproductive rights and that an appeals court on the federal level in the Nebraska circuit had ruled that one of them was unconstitutional. “So is it a big widespread thing?” she asked the writer, adding that regular Nebraska residents were unaware of the issue. “I knocked doors for a year, and nobody brought this up,” the senator said, adding that she wished that the legislation had never been brought to the floor. For three months, a group of lawmakers in the state has ground nearly all legislative business in the state to a halt, grabbing the nation’s attention with a remarkable filibuster to stifle a bill that would end gender-affirming care for young transgender people. Late Tuesday 16 May, Republican lawmakers broke through, advancing a bill that not only bans gender-affirming care for trans people under 19 years old but also tacks on an amendment to outlaw abortion after 10 weeks of pregnancy and hands the state’s GOP-appointed medical officer the authority to set the rules for affirming care for trans youth. Hundreds of protesters filled the capital in Lincoln, standing outside the doors and in the gallery above lawmakers while chanting “one more vote to save our lives”; only one senator would have had to defect from supporters of the bill to kill the legislation. The vote – on the 78th day of a 90-day session – followed a series of manoeuvres that opponents argued were bending and breaking the rules of the state legislature to hammer through the legislation and avert the filibuster, which would allow opponents to occupy their allotted time to speak the bill to death. “What you are attempting to do today is the lowest of the absolute lows,” state Senator Machaela Cavanaugh, who spearheaded the filibuster, told Republican lawmakers. “You literally have to cheat at every moment of this debate in every possible way … You are allowing it to happen,” she added. “You do literally have blood on your hands, and if you vote for it, you will have buckets.” State Senator Megan Hunt, the first openly LGBT+ member of the state legislature and the mother of a trans child, lambasted lawmakers for their “escape routes” from the capitol to avoid facing protesters. “If you can’t go out and face them, you are not worthy,” she said. “Your legacy is filth.” Protesters surrounded the state capitol chambers in Lincoln on 19 May chanting “keep your bans off our bodies” and “save our lives” as lawmakers made their final round of votes on the bill, which passed 33-15, according to Reuters. The bill reached the exact number of votes needed to pass. Republican Governor Jim Pillen signed it into law on Monday. Before signing the bill, Mr Pillen said, “We are working to inspire Nebraskans to get in the game so that abortion is simply unthinkable in the state of Nebraska,” according to WOWT. He added that it was “an extremely historic day for Nebraska. It’s a day where it’s really simple: We’re standing up to protect our kids so our state has a bigger and brighter future. LB574 is the most significant win for [the] social conservative agenda that over a generation has seen in Nebraska. I think that’s something we need to clap and shout about”. At a show in Nebraska hours after the vote on Friday night, the artist Lizzo lambasted the legislation from the stage. “It really breaks my heart that there are young people growing up in a world that doesn’t protect them,” she said. “Don’t let anyone tell you who you are. ... These laws are not real. You are what’s real, and you deserve to be protected.” Ari Kohen, a political science professor at the University of Nebraska–Lincoln, tweeted: “Hat tip to Senator Armendariz, who says she doesn’t know anything about the issue, doesn’t pay attention to current events, and wishes the bill she voted for hadn’t been introduced. It passed by 1 vote.” “These are the people who devoted an entire legislative session to taking away people’s rights in the face of massive opposition from experts and ordinary citizens. They openly admit that none of their constituents mentioned this issue to them and they don’t know much about it,” he added. “We have a handful of legislators who care enough to listen and learn. And then we have the majority, who seem not to know or care what they’re doing as long as it feels right to them and they have the votes to do it. Awful.” Journalist and author Charles Jaco tweeted that a similar assessment could be made regarding the Missouri legislature. “You have a handful of lawmakers who are serious, substantial people. The rest are various shades of know-nothing religious fanatics, grifters, and bigoted buffoons,” he tweeted. The Independent has reached out to Ms Armendariz for comment. Read More Nebraska governor to sign 12-week abortion ban, limits on gender-affirming care for minors Lizzo blasts Nebraska bill banning abortion access and gender-affirming care: ‘You deserve to be protected’ Here are the restrictions on transgender people that are moving forward in US states Nebraska governor to sign 12-week abortion ban, limits on gender-affirming care for minors Lizzo blasts Nebraska bill banning abortion access and gender-affirming care Nebraska expected to pass 12-week abortion ban, restrictions on gender-affirming care
1970-01-01 08:00

Regional Banks Could Tap Debt Market After Charles Schwab Raised $2.5 Billion in Bonds
US regional banks could look to tap the investment-grade market after Charles Schwab Corp. raised $2.5 billion in
1970-01-01 08:00

Regional Banks Rallied Last Week. Traders Continued to Short the Sector
Short sellers increased bets against regional banks last week even as the sector notched one of its best
1970-01-01 08:00

Argentina Introduces 2,000 Peso Banknote. It’s Worth $4
Argentina introduced its largest-denomination banknote on Monday as inflation running at more than 100% a year forces the
1970-01-01 08:00

Eskom Latest: Power Cuts Ramped Up; Netcare Fuel Costs Surge
South Africa’s state-owned power utility will ramp up rolling power outages, after a breakdown of a generation unit
1970-01-01 08:00

Debt-Limit Talks Productive Ahead of Biden Meeting, McCarthy Says
House Speaker Kevin McCarthy said debt-limit discussions Monday morning with White House negotiators were productive ahead of a
1970-01-01 08:00