McDonald’s former* CEO Steve Easterbrook now says the relationship was a mistake.
Around 90% of the revenues generated from Russian frozen assets should be spent on arms purchases for Ukraine, Chancellor Olaf Scholz said on Monday, supporting an earlier EU proposal to use Russian assets' interest payments to boost Ukraine defence. "It is important that we also agree that this money can be used for arms purchases not only in the EU, but for purchases worldwide," Scholz told journalists after a meeting with members of the three Baltic countries governments in Riga. In March, the European Union's foreign policy chief Josep Borrell proposed taking take 90% of revenues from Russian assets frozen in Europe and transfer them to an EU-run fund that finances weapons for Ukraine.
The 700-seat amphitheater at Little Island, a park in Manhattan built above the Hudson River on a series of tulip-shaped concrete columns, will open June 6 with Twyla Tharp’s “How Long Blues” in the choreographer’s first full-length work in a decade. Countertenor Anthony Roth Costanzo will sing all the major roles in a 90-minute remix of Mozart’s “Le Nozze di Figaro (The Marriage of Figaro)” running from Aug. 30 to Sept. 22. Zack Winokur, a 35-year-old director, choreographer and dancer, was announced as producing artistic director on Monday.
Richmond Fed president Tom Barkin said the current level of interest rates will be enough to eventually bring inflation down.
Stocks rallied at the end of last week, getting a boost from a "Goldilocks" jobs report.
Two astronauts will put the Boeing Starliner through its paces to verify it's ready to begin launching operational crew ferry flights to the space station.
Earnings for the S&P 500 are growing at their fastest rate since 2022 and analysts see that trend continuing into next quarter, setting up a positive backdrop for stocks.
The head of the United Nations World Food Program says northern Gaza has entered “full-blown famine” after nearly seven months of war between Israel and Hamas. Cindy McCain in an NBC interview broadcast Sunday said severe Israeli restrictions on humanitarian deliveries to the territory that has long relied on outside food assistance have pushed civilians in the most isolated, devastated part of Gaza over the brink. Famine was now moving south in Gaza, she said.
Senior officials in Brazil's economic team are signaling a need to curb pension spending in order to shore up public accounts, although their biggest challenge may be convincing President Luiz Inacio Lula da Silva to take such a measure. Despite a sweeping 2019 pension reform, spending on retirements and pension benefits continues to surge, affected by an aging population and Lula's policy of boosting benefits by more than inflation. Treasury Secretary Rogerio Ceron said last week that pension expenses "still deserve attention" and may require "measures that allow the dynamics of this expenditure to have growth compatible with medium- and long-term fiscal sustainability."
The Office of Financial Research (OFR), a U.S. Treasury Department-based research powerhouse, said on Monday it has adopted a final rule that will allow it to collect data on certain transactions in the repurchase agreement (repo) market. Most hedge fund activity in repo markets - where banks and other players such as hedge funds borrow short-term loans backed by Treasuries and other securities - is done bilaterally between brokers and customers. By establishing data collection for non-centrally cleared bilateral transactions, regulators want to improve visibility into this opaque but vital funding market for Wall Street.
A Starbucks barista in Little Rock, Arkansas, was deeply moved thanks to the kindness and generosity of a customer.
Gazans packed their belongings on pick-up trucks, cars and donkey-drawn carts after Israel’s military issued a call for residents there to “evacuate immediately.”
Columbia University, the epicenter of US student protests against the war in Gaza, on Monday cancelled its main graduation ceremony, as colleges seek to contain the demonstrations that have rocked campuses for weeks.- 'Order must prevail' - For many students who graduated from high school during the Covid pandemic, it will be the second such ceremony that is canceled due to external disruption.
Judge Juan Merchan on Monday again cited former President Donald Trump for violating the gag order he imposed on the trial and warned he could face jail "if necessary" for continuing to ignore it.
Since invading Ukraine in 2022, Putin has repeatedly made veiled threats to use tactical nuclear weapons against the West.
Israel called on Palestinians to leave eastern Rafah Monday ahead of a ground invasion of the southern Gaza city, amid increasing global alarm about the consequences of such a move.The Palestinian Red Crescent said "thousands" of Gazans were on the move, leaving eastern Rafah.
Trump Media and Technology Group, the owner of social networking site Truth Social, has fired an auditor that federal regulators recently charged with “massive fraud.” The former president's media company dismissed BF Borgers as its independent public accounting firm on Friday, according to a securities filing — which also notes that Trump Media engaged with Arizona-based accountant Semple, Marchal & Cooper as BF Borgers’ replacement over the weekend. BF Borgers' dismissal arrived on the same day that the Securities and Exchange Commission charged the firm and its owner Benjamin F. Borgers with “deliberate and systematic failures” in more than 1,500 audits.
Former presidential candidate Bernie Sanders, the longest-serving independent senator in American history, said Monday he will seek a fourth term in an announcement touting his record over 16 years and taking aim at US military funding for Israel.Sanders, who suffered a heart attack during his 2020 presidential campaign, is the second-oldest senator, behind 90-year-old Republican Chuck Grassley.
Russia announced on Monday that its troops stationed near Ukraine would run nuclear weapons drills and threatened to strike UK military targets outside the embattled country, citing what it said was an escalation in Western sabre-rattling.The Russian foreign ministry meanwhile said it had summoned the UK's ambassador in Moscow and warned him that if Ukraine used British weapons to attack Russia, that Moscow could hit UK military targets in Ukraine "and beyond."
A former top executive at the Trump Organization took the witness stand in Donald Trump's criminal trial Monday after the judge presiding over the case fined the former president for violating his gag order and threatened to impose jail time if he continues to do so.
US President Joe Biden on Monday "reiterated his clear position" to Prime Minister Benjamin Netanyahu against an invasion of Rafah, the White House said, after Israel defied US warnings and told Palestinians to evacuate part of the southern Gaza city."The president reiterated his clear position on Rafah," the White House said in a brief readout of the call, adding that Biden also briefed the Israeli leader on talks to free Israeli hostages held by the Palestinian militants.
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