Florida Governor Ron DeSantis had a chance in April to address Donald Trump's growing momentum toward the 2024 Republican presidential nomination. DeSantis was in Japan at the time on an international tour – a step often taken by presidential hopefuls to burnish their foreign policy credentials. Trump had launched his own candidacy five months earlier and had spent much of that time attacking the governor, who was considered his most formidable potential challenger but had yet to declare.
British retailers reported a smaller annual fall in sales for September than during the previous month and expect a modest improvement in the months ahead, the Confederation of British Industry said on Monday. The CBI's September monthly retail sales survey - conducted between Aug. 25 and Sept. 13 - showed the headline balance rebound to a three-month high of -14 from August's more than two year low of -44.
California is on the verge of recording a second straight year of relatively mild wildfire damage, after historic rains put the state on track to avoid the calamities of recent fire seasons. The state of nearly 40 million people has received 141% of average precipitation over the past 12 months, according to the state Department of Water Resources, ending a two-decade drought. The year included a long spring and a cool summer that in August produced California's first major hurricane in 84 years, increasing moisture in the trees, brush, grasses and soil and helping prevent the typical outbreak of multiple major fires around Labor Day in early September.
Visa's (NYSE: V) reported net revenue of $8.1 billion and diluted earnings per share of $2 in its most recent three-month period (Q3 2023 ended June 30). This is a usual occurrence for this huge card payments network, and investors have grown accustomed to it, regardless of the economic climate. Here's why the biggest number from Visa's earnings report was 62% -- its operating margin for the latest quarter.
The U.S. securities regulator has collected thousands of staff messages from more than a dozen major investment companies, escalating its probe into Wall Street's use of private messaging apps, said four people with direct knowledge of the matter. Previously, the Securities and Exchange Commission (SEC) had asked the companies to internally review the messages in its investigation of Wall Street's use of WhatsApp, Signal and other unapproved messaging apps to discuss work. While Reuters and other media have reported that the SEC's "off-channel" communication probe has expanded to investment advisers, its move to review thousands of their staff messages has not previously been reported.
The Republican-controlled House of Representatives is due to try to advance steep spending cuts this week that stand no chance of becoming law and could force a partial shutdown of the U.S. government by next Sunday. House Speaker Kevin McCarthy sought to avoid that scenario when he hammered out a spending agreement with Democratic President Joe Biden this spring. Congress typically misses that deadline and passes stopgap spending bills to avoid disruption while they finish their work.
An adjustment to Russia's budget rule next year will make an extra 1.7 trillion roubles ($17.72 billion) available in spending from oil and gas revenues, according to draft outlines for Russia's budget over the next three-year period. After invading Ukraine in February 2022, Russia suspended its budget rule and introduced a version in 2023 allowing it to spend more and save less in its National Wealth Fund (NWF). At a government meeting on Friday, Finance Minister Anton Siluanov said Russia would return to following its budget rule in 2024, envisaging an oil price of $60 per barrel, rather than a fixed amount of oil and gas revenues, set at 8 trillion roubles in 2023.
It's a now-familiar dance: Federal Reserve officials signal to the world that interest rates are not dropping anytime soon. Financial markets respond with bets to the contrary. Forecasts published on Wednesday by the U.S. central bank showed that a majority of its policymakers see the Fed's benchmark overnight interest rate ending this year at 5.6%, which implies one more interest rate hike in the next three months.
A prominent Pakistani TV journalist turned promoter of jailed former Prime Minister Imran Khan's political party returned home on Monday, police and his lawyer said, giving no indication of where he had been since he disappeared in May. A court last week gave the police until Sept. 26 to recover Imran Riaz, a social media influencer popular with Khan's followers, or face legal action. Police had told the court he was not in their custody or being held by intelligence agencies.
SAN DIEGO (AP) — Less than a year after a stirring run to the NL Championship Series, the high-priced, underperforming San Diego Padres are defending themselves against reports there is a lack of clubhouse leadership within a dysfunctional organization. While hinting that there have been issues in the clubhouse, right-hander Joe Musgrove said they have been addressed following a story in the San Diego Union-Tribune that questioned the clubhouse culture and a story in The Athletic that suggested