Author: Press Room

The Biden administration said it will appeal a federal judge’s order blocked immigration authorities from releasing apprehended migrants without court dates — a policy the administration says is necessary as Customs and Border Protection (CBP) facilities are over-capacity following an extreme surge in illegal migration this week as Title 42 ended.Justice Department attorneys on Saturday asked the U.S. District Court in the Northern District of Florida for an emergency stay on Judge T. Kent Wetherell II’s two-week restraining order on the Biden administration policy, notifying the court of the administration’s intention to appeal to the 11th Circuit, according to court…

Wage growth ticked up in April, good news for American workers but bad news for officials at the Federal Reserve, who have been hoping to see a steady moderation in pay gains as they try to wrestle inflation back under control.Average hourly earnings climbed by 4.4 percent in the year through April. That compared with 4.3 percent in the previous month, and was more than the 4.2 percent that economists had expected.The increase in wages compared with the previous month — at 0.5 percent — was the fastest since March 2022.The hourly earnings measure can bounce around from month to…

Continuity is a big deal in the UK. Monarchy aside, Britain boasts a hedge fund business with a 240-year history. Robyn Grew is the latest boss to take charge at Man Group, once a rum supplier to the British Navy.Grew is currently president of the world’s largest listed hedge fund manager. She will replace Luke Ellis as chief executive when he retires in September. He has steadied the ship since he took the helm in 2016. He has also pushed heavily into AI-driven investment techniques, a natural move for a quant-based business.Grew is therefore taking over at a critical moment.…

Image Source: AP PhotoFlorida Governor Ron DeSantis has signed a new bill banning central bank digital currencies (CBDCs) in the state. The bill, dubbed SB-7054, bans the use of a CBDC as money within the state of Florida. It also prohibits the use of CBDCs issued by other governments and calls on other states to use their commercial codes to institute similar prohibitions.During a recent press conference, DeSantis highlighted concerns about the potential use of CBDCs to control and surveil Americans.  He suggested that the government could use CBDCs to stop people from buying gas to combat global warming or track how…

On a cold February day more than two decades ago, Ted Eubank, a dog breeder from Texas, stepped into the ring at the Westminster Kennel Club Dog Show for the first time. It was the first year that Cavalier King Charles spaniels — the silky-eared, saucer-eyed dogs that were Mr. Eubank’s specialty — had been allowed to compete in the prestigious dog show, which was then held at Madison Square Garden. The crowd around the ring was 10 people deep, he recalled recently.“Talk about adrenaline, oh, my gosh,” he said.In the years since, Mr. Eubank has become a seasoned Westminster…

Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.David A. Grogan | CNBCIcahn Enterprises, Carl Icahn’s conglomerate, saw its stock drop again Wednesday after a disclosure showed federal investigators are seeking information regarding its corporate governance.The shares fell 15.1% Wednesday, following a near 25% loss last week. A regulatory filing revealed the U.S. attorney’s office for the Southern District of New York contacted Icahn Enterprises last Wednesday seeking information about corporate governance, capitalization, securities offerings, dividends, valuation, marketing materials, due diligence and other materials.Investigators sought information a day after notable short seller Hindenburg Research took a…

Pema Tseden, a filmmaker and author who presented an honest look at contemporary Tibetan life despite intense scrutiny from Chinese censors, died on Monday in Tibet. He was 53.His death was announced in a statement by the China Academy of Art in Hangzhou, where he was a professor. The statement did not specify a cause or say where he died.Tibet and its people have often been misrepresented with clichés. For the West, it was utopia, a fantasy based on the depiction of Shangri-La in the British author James Hilton’s 1933 novel, “Lost Horizon.” For the Communist Party of China, Tibetans…

Priscilla Presley is debunking the rumored feud between her and her granddaughter Riley Keough.During a rare public appearance, Priscilla, 77, argued that the relationship between her and Riley is amicable despite rumors over the Graceland estate.When asked whether there was a chance that she and Riley could come together “on things,” Priscilla responded with “that’s a bunch of B.S.”REMEMBERING LISA MARIE PRESLEY: ELVIS AND PRISCILLA’S ONLY CHILD, SURVIVED BY MOTHER, 3 DAUGHTERS During a rare public appearance, Priscilla Presley, 77, argued the relationship between her and Riley is amicable despite rumors over the Graceland estate. (Backgrid)In the video, the person…

Dan and Tanya Snyder agreed on Friday to sell the Washington Commanders to an investment group led by Josh Harris, leaving the N.F.L. to sign off on the proposed $6 billion sale.The two sides had reached a tentative agreement a month ago, but the nonexclusive deal gave Snyder the ability to continue to look for other bidders, or even walk away.On Friday, Harris and his group said they entered into a purchase and sale agreement, which would set a record price for a sports franchise if it is approved by the N.F.L.’s finance committee and at least three-quarters of the…

Peloton, the maker of home exercise equipment, said on Thursday that it was recalling more than two million exercise bikes, an announcement that sent its stock lower.The company’s shares tumbled nearly 9 percent by the market close and have plunged more than 20 percent this month.The company had received 35 reports of seat posts breaking and detaching from the original model of its bike during use, according to a recall notice from the Consumer Product Safety Commission.Peloton is voluntarily recalling Model PL-01 bikes that were sold from January 2018 to May 2023 in the United States, and is offering customers…