By Jason Lange WASHINGTON (Reuters) -Republicans on Saturday appeared close to clinching control of the U.S. House of Representatives, a critical element for President-elect Donald Trump to advance his agenda when he returns to the White House in January. With votes still being counted from the Nov. 5 general election, Republicans had won 212 seats in the 435-member House, according to Edison Research, which projected on Friday night that Republican Jeff Hurd had enough votes to keep Republican control of Colorado’s 3rd congressional district. Republicans need to win six more seats to keep control of the House and they already…
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For more on artificial intelligence (AI) in investment management, check out The Handbook of Artificial Intelligence and Big Data Applications in Investments, by Larry Cao, CFA, from the CFA Institute Research Foundation. A New Frontier for Finance? The banking and finance sectors have been among the early adopters of artificial intelligence (AI) and machine learning (ML) technology. These innovations have given us the ability to develop alternative, challenger models and improve existing models and analytics quickly and efficiently across a diverse range of functional areas, from credit and market risk management, know your customer (KYC), anti-money laundering (AML), and fraud detection to portfolio…
By Villen Anganan PORT LOUIS (Reuters) – Mauritius holds a parliamentary election on Sunday with incumbent Prime Minister Pravind Kumar Jugnauth and his main rivals all promising to tackle a cost of living crisis in the Indian Ocean archipelago. The country of about 1.3 million people markets itself as a link between Africa and Asia, deriving most of its revenues from a flourishing offshore financial sector, tourism and textiles. It has forecast 6.5% economic growth this year compared with 7.0% last year but many voters are not feeling the benefits. Jugnauth’s Alliance Lepep coalition has promised to raise minimum wages,…
(Bloomberg) — US inflation probably moved sideways at best in October, highlighting the uneven path of easing price pressures in the home stretch toward the Federal Reserve’s target. Most Read from Bloomberg The core consumer price index due on Wednesday, which excludes food and energy, likely rose at the same pace on both a monthly and annual basis compared to September’s readings. The overall CPI probably increased 0.2% for a fourth month, while the year-over-year measure is projected to have accelerated for the first time since March. “The October CPI report will likely support the notion that the last mile…
Company Celebrates With Employee Celebration and Community Donations AURORA, Colo.–(BUSINESS WIRE)–Dollar General celebrated the grand opening of its Aurora, Colorado distribution center this morning with employees, their families, company leadership and elected officials, alongside donations to Aurora Public Schools and the Food Bank of the Rockies to highlight its mission of Serving Others.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241109202319/en/Dollar General celebrates the grand opening of its Aurora, Colorado distribution center with employees, their families, elected officials and community donations. (Photo: Business Wire)Today’s grand opening celebrations represent a milestone in Dollar General’s history in Colorado as our…
By Stephanie van den Berg and Anthony Deutsch (Reuters) – The International Criminal Court’s governing body will launch an external investigation into its chief prosecutor Karim Khan over alleged sexual misconduct, two sources familiar with the matter said on Friday. Khan is called on in an internal document circulated to member states to temporarily step down from his role at the world’s permanent war crimes court, based in The Hague, while an inquiry is ongoing. The undated and unsigned document, seen by Reuters, was circulated to member states by ICC staff. Khan’s office referred questions to his attorney and phone…
Grace and Jacob Kocher, 26, had been living in an RV for three years when they decided it was time to find somewhere to settle down.”We lived primarily on the road for years and had a history of living tiny, so we knew we wanted our next step to be small as well,” Grace tells CNBC Make It.The Kocher’s traveled to 25 states before settling in Florida where they spent several months looking at tiny homes. Grace saw an article about old cabins from Disney’s Fort Wilderness up for sale on Facebook Marketplace. Fort Wilderness is a camping resort in…
A yet-to-be-named auto manufacturer could soon invest more than $200 million to build a new facility while creating several hundred jobs, according to pubic documents.Greenville County Council approved on first reading an agreement between the county and the company, whose name has not been revealed due to non-disclosure agreements. The company is currently known as “Project Blackbird.””It’s a name that would be easily recognized. It’s a good quality company, which was important to us,” County Council Member Butch Kirven said. “They have a long track record of success. I think we wouldn’t have to worry about their performance in Greenville…
(Bloomberg) — FTX filed a lawsuit against Anthony Scaramucci and his hedge fund SkyBridge Capital as part of a broader effort to claw back money for creditors of the bankrupt company. Most Read from Bloomberg The lawsuit against the former White House communications director is one of 23 filed in the bankruptcy court of Delaware on Friday. Plaintiffs also include digital-asset exchange Crypto.com and political groups such as the Mark Zuckerberg-founded FWD.US, according to court documents. FTX alleges that during the crypto winter of 2022, founder Sam Bankman-Fried engaged “in a campaign of influence-buying throughout the year and making lavish…
By Andrew Mills and Nidal al-Mughrabi DOHA/CAIRO (Reuters) -Qatar has told Palestinian militant group Hamas and Israel it will stall its efforts to mediate a Gaza ceasefire and hostage release deal until they show “willingness and seriousness” to resume talks, its foreign ministry said on Saturday. The Gulf country has been working alongside the United States and Egypt for months on fruitless talks between the warring sides in Gaza and any disengagement from that process could further complicate efforts to reach a deal. The Qatari ministry also said press reports on the future of the Hamas political office in Doha…