Kevin McCarthy began his wild ride as speaker of the U.S. House of Representatives in a chaotic January week and ended it nine months later in a historic fall, when he became the first speaker to be removed from the top post. Two decisions by the California Republican contributed to his undoing. The first came during…
U.S. President Joe Biden called on political leaders on Wednesday to change the “poisonous atmosphere” in Washington and work on a new spending plan a before hastily-approved short-term measure expires in weeks. The comments come a day after a small group of Republicans ousted U.S. House of Representatives Speaker Kevin McCarthy from the role of…
Sam Bankman-Fried’s lawyer laid out his defense case at his fraud trial on Wednesday, portraying the 31-former billionaire as a “math nerd” who overlooked risk management in building his FTX exchange, but did not steal customer money. Bankman-Fried has pleaded not guilty to charges he used FTX customer money from the exchange’s 2019 launch until its November 2022 bankruptcy…
About 75,000 healthcare workers launched a planned three-day strike at Kaiser Permanente facilities across the U.S. on Wednesday, the largest-ever such action in the healthcare sector. Those walking off the job include nurses, medical technicians and other support staff at hundreds of hospitals in California, Oregon, Washington, Colorado, Virginia and Washington D.C. Kaiser said hospitals…
A judge overseeing Donald Trump’s civil fraud trial pounded his fists in frustration with the former U.S. president’s lawyers on Wednesday for what he described as redundant and “ridiculous” cross-examination of a witness. The heated exchange occurred on the third day of trial in a lawsuit by the New York attorney general’s office that threatens…
Donald Trump on Wednesday appealed a judge’s refusal to dismiss New York Attorney General Letitia James’ civil fraud lawsuit against him and his family business, two days after the case went to trial. The appeal to the Appellate Division, a mid-level appeals court, was filed as Trump sat in a Manhattan courtroom, watching an accountant…
The race to replace ousted House Speaker Kevin McCarthy took shape on Wednesday as Steve Scalise, the chamber’s No.2 Republican, and Jim Jordan, a leading antagonist of Democratic President Joe Biden, said they would seek the post. The two lawmakers could be joined by several other candidates in what could be a lengthy and likely messy battle…
Metalworkers at Brazilian planemaker Embraer’s (EMBR3.SA) Sao Jose dos Campos plant on Tuesday decided to suspend a strike they had started earlier in the day as they campaign for higher wages. Local union Sindmetal said in a statement the strike had been called off after about three hours because workers felt “intimidated by the large number of…
British finance minister Jeremy Hunt attacked what he called the “utterly unacceptable” cost of Britain’s HS2 high-speed railway on Tuesday after his boss, Prime Minister Rishi Sunak, said he was considering whether or not to go ahead with the project. At the Conservative Party’s annual conference in Manchester, one of the destinations for the second…
British online fashion retailer Boohoo (BOOH.L) slid to a loss after revenue fell 17% in its first-half and said a slower than expected recovery in sales volumes could result in little or no top-line improvement for the full year, hitting its shares. The stock plunged 10% in early deals on the downgrade, sinking to their lowest level…
