Author: Press Room

Days after the start of his second term, California Gov. Gavin Newsom on Tuesday will announce his plan to cover a multi-billion dollar budget deficit in what could signal the end of a decade’s worth of economic growth in the nation’s most populous state.Newsom, a Democrat, has been warning of a potential budget shortfall for more than a year, and the Legislative Analyst’s Office said last in November the shortfall could be around $25 billion.In September, Newsom publicly scolded lawmakers for sending him dozens of bills that, when added together, would have allowed billions in new spending. Newsom vetoed those…

A Manhattan judge blocked a planned pay increase for ride-share drivers after Uber sued the city Taxi and Limousine Commission to stop the hike from going into effect. Manhattan Supreme Court Justice Arthur Engoron found the TLC didn’t properly explain how it arrived at the particular number for the raise, as is legally required, while also acknowledging the drivers “deserved the boost,” according to a written decision from Monday. The increase would have increased drivers’ minimum wages from the 2019 rates by 7.42% per minute and 23.93% per mile in order to match inflation. It was set to take effect…

The Chicago Bears are on the clock after receiving the first pick of the 2023 NFL Draft. Entering Week 18 of the NFL season, the Bears were looking up at the Houston Texans in the draft order, with Chicago needing Houston to beat the Indianapolis Colts in order to have the rights to the No. 1 overall pick.  The Bears received a major gift when the Texans completed a Hail Mary pass with under a minute to go in the fourth quarter, successfully completed a two-point attempt and beat the Colts to win their third game of the season. TEXANS DRAW CRITICISM…

Virgin Orbit’s LauncherOne rocket on display in Times Square, New York.CNBC | Michael SheetzCheck out the companies making the biggest moves midday:Virgin Orbit — The satellite launch service company fell 12% a day after it confirmed its first launch out of the United Kingdom Monday failed to reach orbit. The mission was Virgin Orbit’s sixth to date, and its second launch failure.Danaher — Shares of Danaher rose more than 4% after the maker of medical, industrial and commercial products issued upbeat guidance for fourth-quarter non-GAAP core revenue. The company now expects growth in the high single-digit percentages on a year-over-year…

Source: YouTube

Carlos Correa and the Mets won’ be uniting. Almost three weeks after owner Steve Cohen pounced at the opportunity to snag the All-Star shortstop – pending a physical – Correa reached agreement Tuesday with the Twins on a six-year contract worth $200 million, The Post’s Jon Heyman confirmed. Correa will have an opportunity to receive an additional $70 million over four vesting years with the Twins. The major part of Correa’s physical with the Twins is complete, The Post’s Heyman reports. Correa’s right ankle – which sustained damage during his minor league career – ultimately became a point of contention…

Chinese embassies suspended issuing new visas for South Koreans and Japanese on Tuesday in apparent retaliation for COVID-19 testing requirements recently imposed by those countries on travelers from China.The embassies in Tokyo and Seoul announced the suspensions in brief online notices.The Seoul notice, posted on the embassy’s WeChat social media account, said the ban would continue until South Korea lifts its “discriminatory entry measures” against China. The announcement covered tourist, business and some other visas.China’s Foreign Ministry threatened countermeasures last week against countries that had announced new virus testing requirements for travelers from China. At least 10 in Europe, North…

Prince William and Kate Middleton appear to be spending family time together as Prince Harry’s memoir is released. The bombshell book contains a number of remarks about the couplePrince William and Kate Middleton have not been seen in public this year, amid a host of allegations from Prince Harry. The reason behind the quiet activity from the Prince and Princess of Wales is not due to Harry’s new book Spare, however, but likely due to the school holidays and Kate’s recent birthday. She turned 41 on January 9, but that was a private affair. The couple has not been seen…

FTSE Russell has ejected dozens of companies from a family of stock indices for failing to meet more stringent environmental standards, the first time it has taken such a step.The index provider has removed 34 groups from its FTSE4Good All-World benchmark after deciding they failed to meet its newly introduced Climate Change Score.The 34 were among 208 companies put on a watchlist in June 2021 for potential deletion if they did not meet FTSE Russell’s new requirements. They include US broker Charles Schwab, Luxembourg-based media conglomerate RTL Group, mining companies Fresnillo and MMG, Japanese advertising group Hakuhodo DY Holdings and…

Outrage is simmering over the fatal shooting of a 13-year-old Black middle school student in Washington, D.C., by a man who suspected the teen was breaking into cars in his neighborhood.Metropolitan Police identified the victim as Karon Blake of Northeast Washington.Police responded to the 1000 block of Quincy Street, Northeast, just before 4 a.m. Saturday on a report of a shooting and found Blake with apparent gunshot wounds. He was transported to a hospital and died after life-saving attempts, officials said. Detectives determined that a man inside a residence at the scene said he had “heard noises and observed someone that…