Author: Press Room

Arkansas Senator Tom Cotton endorsed his fellow Republican Rep. Jim Banks of Indiana for Senate on Tuesday. “I am very pleased that Jim is running for Senate. I’ve endorsed him already, I’ve been urging him to run for this race,” Cotton told conservative radio host Hugh Hewitt Tuesday morning. “I think Jim needs to take statewide in Indiana what he’s done for Northeast Indiana, which is standing up for strong national defense, for men and women in law enforcement, for cultural sanity and fiscal soundness,” he added. “That’s what Hoosiers elected him to do eight years ago, when I first met him,…

You can enable subtitles (captions) in the video player For decades some of the world’s most powerful people have gathered nearly every January at a ski resort in the Swiss mountains called Davos. Through its annual week of meetings the World Economic Forum offers ultra-rich corporate leaders a chance to set out their vision for the future of business. For many of them and for the WEF’s founder Klaus Schwab, the central philosophy can be boiled down to a snappy two-word phrase, stakeholder capitalism. But what does stakeholder capitalism actually mean and is it necessarily a good thing? The term…

Qatar’s Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani speaks during a joint press conference with his French counterpart in Doha on March 28, 2022.Mustafa Abumunes | Afp | Getty ImagesQatari Foreign Minister Mohammed bin Abdulrahman Al Thani on Tuesday appeared to correct a controversial statement his fellow minister made over the weekend concerning Russia’s war in Ukraine.Saad Sherida al-Kaabi, Qatar’s energy minister and head of the state gas company, said he was sure Russian gas would eventually flow back to Europe, as the Continent would “forgive and forget” Moscow for its invasion of Ukraine.”We’re all blessed to have…

Let’s not make a deal? Investment banking powerhouses Goldman Sachs and Morgan Stanley both reported substantial drops in revenue and profit for the fourth quarter on Tuesday, largely due to the dearth of merger activity and initial public offerings in the final three months of the year. Earnings for Goldman Sachs (GS) missed by their widest margin since the third quarter of 2011. Revenue tumbled 16% for Goldman Sachs (GS) in the fourth quarter, and profits plunged 66%. Morgan Stanley’s (MS) revenue fell 12% from a year ago while earnings were down nearly 40%. Goldman Sachs CEO David Solomon said…

Leslie Berland, chief marketing officer of Twitter Inc., speaks during the company’s #HereWeAre Women In Tech event at the 2018 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Wednesday, Jan. 10, 2018.Patrick T. Fallon | Bloomberg | Getty ImagesPeloton is bringing in Leslie Berland, Twitter’s former marketing head, as its next chief marketing officer, effective Wednesday.Berland left Twitter in November amid a slew of executive departures after Elon Musk’s takeover, which has led to significant restructuring and revenue drops at the social media giant. She previously helped lead marketing at American Express for 10 years.Berland will report to…

Meme crypto Shiba Inu’s price rallied more than most coins in the top 20 over the past week as the team announced that its Layer 2 network, Shibarium, is set to enter beta launch soon. The developers of the project insist that Shibarium has not been designed as a tool to manipulate the Shiba Inu price, but instead as a platform for achieving the vision and mission of their community.The idea with the new platform is that the community will be able to develop their own projects on their own terms and conditions.The Jan. 15 announcement on the project’s blog…

The search for a missing 4-year-old girl in Oklahoma, who authorities believe was killed by her caregiver, has turned into a “recovery operation” to find her remains, officials said Monday. The announcement from the Oklahoma State Bureau of Investigation came after the couple who had been taking care of Athena Brownfield were charged in connection with her disappearance. Authorities had been searching for Athena for days after a postal worker found her 5-year-old sister wandering alone last week outside their caregivers’ home in Cyril, about 70 miles southwest of Oklahoma City. Highway Patrol, troopers search a pond near Cyril, Okla.,…

Ursula von der Leyen on Tuesday presented a new Green Deal Industrial Plan as a way to fight the US Inflation Reduction Act.The European Commission President made her pitch at the World Economic Forum in Davos. The proposal comes as negotiations with the US seem stalled despite European efforts to get an exemption like the one granted to Canada and Mexico. Talks between the two sides were scheduled to continue this evening with a meeting between Executive Vice-President Dombrovskis and US Trade Representative Katherine Tai. Von der Leyen’s aim is to “avoid disruptions in transatlantic trade and investment”, she said. This…

Nelson PeltzDavid A. Grogan | CNBCDisney ripped Nelson Peltz and his bid for a board seat Tuesday, as the entertainment giant’s proxy fight with the investor and his activist firm, Trian Fund Management, takes shape.Disney said in a securities filing Tuesday that its board was where it needed to be to move the company forward. The company also defended CEO Bob Iger’s past acquisitions and said Peltz didn’t have an understanding of Disney’s business, lacked the skills to drive shareholder value and presented no strategy.”Peltz has no track record in large cap media or tech, no solutions to offer for…

Apple’s 2023 MacBook ProAppleThe launches come after Apple’s chief financial officer, Luca Maestri, warned in October that the company’s Mac sales would decline in the December quarter on an annual basis. That may be in part because Apple didn’t ship these computers in time for the holiday shopping season.The updated Macs are launching into an uncertain economic environment for the consumer, as customers may feel the pinch from inflation or spend more cautiously against fears of a potential recession.Apple is set to report earnings later this month. In January 2022, it reported December quarter Mac revenue of $10.85 billion, up…