By Steven Scheer and Nidal al-Mughrabi JERUSALEM/CAIRO (Reuters) -Israeli Prime Minister Benjamin Netanyahu fired Defence Minister Yoav Gallant on Tuesday, citing a “crisis of trust”, and replaced him with close ally Israel Katz to lead the country’s war in Gaza and Lebanon. Netanyahu’s critics accused him of putting politics ahead of national security at a time when Israel is bracing for Iranian retaliation to its Oct. 26 airstrikes on the Islamic Republic. After Gallant was fired, protesters in Israel blocked highways and lit bonfires on roads, police said. The prime minister named Gideon Saar as the new foreign minister in…
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Cadillac has officially announced the 2026 Lyriq V, marking its first all-electric model to bear the prestigious V-Series badge. This new SUV combines luxury with high performance, promising to Cadillac’s presence in the electric vehicle market. While specific details about the Lyriq V are still limited, the automaker has shared a couple of images and a brief video showcasing its design. From what we can see, the Lyriq V features a sportier appearance compared to the standard Lyriq. It sits lower to the ground and has a slightly altered grille, giving it a more aggressive look that resembles past V-Series…
McLaren is set to have a new owner: CYVN Holdings, a company based in Abu Dhabi. This partnership is seen as a promising development for the iconic automotive brand, as CYVN will take over not only McLaren’s high-performance vehicle division but also its Formula 1 team. The agreement between McLaren and CYVN Holdings is still in the early stages, described as non-binding as of this week. CYVN will acquire 100% of McLaren’s automotive business from Mumtalakat, which is the sovereign wealth fund of Bahrain that currently owns the company. CYVN Holdings focuses on investing in smart and advanced mobility solutions,…
Iryna Ustenko | Istock | Getty ImagesThe U.S. dollar strengthened against the Mexican peso and other major global currencies on Tuesday evening as voting began to wind down in the presidential election.The greenback had gained 2.2% against the Mexican peso after 9:45 p.m. ET, and was also higher against the Swiss franc, Japanese yen and Chinese yuan. The ICE U.S. Dollar Index rose 1.3%, hitting its highest level since late July.The U.S. currency’s gains extended as speculation grew that former President Donald Trump was leading Vice President Kamala Harris in the U.S. presidential election. To be sure, many states were…
By Bo Erickson WASHINGTON (Reuters) -Seven battleground states — Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin — are expected to play a decisive role in Tuesday’s U.S. presidential election between Democrat Kamala Harris and Republican Donald Trump. Here are ten counties to watch in those states. Early results based on partial returns may not be predictive of the final vote tallies in the counties. COBB COUNTY, GEORGIA Democrats see the large and racially diverse Cobb County in Atlanta’s northern suburbs as somewhere they could pick up the large number of votes needed to win the state. That’s what…
For countless communities across our nation, a strong rural education means a strong public education.Last year, I visited Hatton-McCredie Elementary School, a small, rural public school in Kingdom City, Missouri – a town of little less than 150 residents. My tour was led by two fifth-grade guides, Paxton and Haylee. I remember how excited Paxton and Haylee were to show off their public school – and for good reason. I saw brightly-colored classrooms and students engaged in challenging work. I met phenomenal teachers and leadership. I felt the generous, vibrant community that respected and uplifted one another.When I remember that tour,…
Making more accurate predictions is the key to investing successfully. AI is a tool well suited to this task, and while it’s already proving its worth in practice and even as major pension fund investors continue to roll it out, they recommend caution and setting out clear use cases. Source link
US stock futures pushed higher as investors brace for the results of the US presidential election, as votes have begun rolling in and will continue to over the next several hours. Near 9 p.m. ET, contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.4%, while S&P 500 futures (ES=F) moved roughly 0.6% higher. Dow Jones Industrial Average futures (YM=F) were up about 0.7% on the heels of a winning day for stocks. Stocks finished Tuesday’s session solidly in the green as Americans flocked to the polls to decide whether Kamala Harris or Donald Trump will become the next president. Polls…
Validation of Risk Management Models for Financial Institutions: Theory and Practice. 2023. Edited by David Lynch, Iftekhar Hasan, and Akhtar Siddique. Cambridge University Press. Because of their high leverage, financial institutions need to maintain a strong focus on risk modeling, both for sound firm management and as a regulatory necessity. Modeling of current and potential risks is critical to well-grounded financial decision making. Getting risk measures wrong can have dire financial consequences. Validation of Risk Management Models for Financial Institutions, through a set of thoughtful articles, describes how effective structuring and testing of the modeling techniques used in risk management…
Porsche is reviving the 911 Carrera T for 2025, and this version is exclusively available with a manual transmission. The automaker describes the Carrera T as “an excellent dance partner for winding roads,” appealing to driving enthusiasts who prefer a hands-on experience. This model is particularly popular among purists who appreciate the traditional driving feel that a manual provides. Porsche Taycan (via Porsche) The new Carrera T will come in both coupe and convertible styles. It features the same powerful 3.0-liter twin-turbo boxer engine as the standard 911 Carrera, producing 388 horsepower and 331 pound-feet of torque. With this engine,…