Category: Business & Economy

State Department Okays Over $3 Billion In Arms Sales to Australia, Egypt, Netherlands

The State Department has announced plans for three major weapons sales to Australia, Egypt, and the Netherlands. The deals are estimated to be jointly worth some $3.1 billion, with officials saying the sales will not alter the basic military balance in the respective regions nor will they have any adverse impact on America’s defense readiness….


US Consumer Sentiment in May Falls to an Almost 10-year Low

The final May edition of the University of Michigan’s Sentiment Survey, which was released on May 27, delivered even worse results than the preliminary May data with a further drop in consumer sentiment. The index fell from 65.2 in April to 59.1 in the initial May report to 58.4 in the final—the lowest level since August…


LIVE UPDATES: Ukraine Says Russian Advances Could Force Retreat in Part of East

The latest on the Russia–Ukraine crisis, May 28. Click here for updates from May 27. Ukraine Says Russian Advances Could Force Retreat in Part of East Ukrainian forces may have to retreat from their last pocket in the Luhansk region to avoid being captured, a Ukrainian official said, as Russian troops press an advance in…


LIVE UPDATES: Russia Forces Blast Ukraine’s Sievierodonetsk After Claiming Capture of Railway Junction Town

The latest on the Russia–Ukraine crisis, May 28. Click here for updates from May 27. Russia Forces Blast Ukraine’s Sievierodonetsk After Claiming Capture of Railway Junction Town Russian forces were assaulting the Ukrainian city of Sievierodonetsk on Saturday after saying they had captured the nearby rail hub of Lyman as Moscow pressed its offensive in…


LIVE UPDATES: Russian Forces Blast Ukraine’s Sievierodonetsk After Claiming Capture of Railway Junction Town

The latest on the Russia–Ukraine crisis, May 28. Click here for updates from May 27. Russian Forces Blast Ukraine’s Sievierodonetsk After Claiming Capture of Railway Junction Town Russian forces were assaulting the Ukrainian city of Sievierodonetsk on Saturday after saying they had captured the nearby rail hub of Lyman as Moscow pressed its offensive in…


LIVE UPDATES: US Buys More Stingers After Missiles’ Success in Ukraine

The latest on the Russia–Ukraine crisis, May 28. Click here for updates from May 27. US Buys More Stingers After Missiles’ Success in Ukraine The U.S. Army said on Friday it has awarded a contract worth $625 million to Raytheon Technologies Corp for anti-aircraft Stinger missiles in order to replenish stocks sent to Ukraine. U.S….


LIVE UPDATES: Ukraine’s Former President Blocked From Leaving the Country

The latest on the Russia–Ukraine crisis, May 28. Click here for updates from May 27. Ukraine’s Former President Blocked From Leaving the Country Former Ukrainian President Petro Poroshenko was prevented from leaving Ukraine to take part in a meeting of a NATO body in Lithuania, his party’s parliamentary faction said on Saturday. Poroshenko was stopped…


Mortgage Payment Costs Rise 45 Percent This Year, Worsening Home Affordability

The monthly mortgage payment for a typical home in the United States for new buyers has climbed by 45 percent or about $600 over the previous year, according to the estimates by the National Association of Realtors (NAR). In April, the average monthly mortgage payment for a single-family home increased to $1,900, based on a…


Twitter Keeps Musk Ally Durban on Board, Rejects Resignation

Twitter Inc. said in a filing on Friday it will not accept Egon Durban’s resignation from the board, two days after shareholders blocked his reelection at an annual meeting. Durban is an ally of Elon Musk, who has offered to take Twitter private in a $44 billion deal. Twitter said Durban failed to receive the…


Trump-Linked SPAC Files for Resale of up to 100 Million Shares

Digital World Acquisition Corp., a special purpose acquisition company tied to former President Donald Trump, on Friday filed for a resale of up to 100 million shares by existing investors. Shares of the company fell 5.6 percent to $42.39 after the SPAC also said it will not receive any proceeds from the offering. About four…