Stocks may rally if global central banks ease up on rate hikes, but inflation could rebound and spark more volatility, Charles Schwab says

Spencer Platt / Getty Images There are good, bad, and ugly outcomes for the stock market as inflation continues to weigh, Charles Schwab warned. Though inflation is coming down, it could easily rebound if central banks begin cutting too soon. "This whipsawing pattern may support a continued environment of volatility and wide market swings as […]

Texas Attorney General ran away when served with court papers over abortion rights lawsuit, affidavit says

Texas Attorney General Ken Paxton outside the US Supreme Court. The Washington Post / Getty Images An official attempted to serve Texas Attorney General Ken Paxton with a subpoena.  But Paxton fled his home in his wife's truck to avoid being served, an affidavit says.  The process server said he shouted out but Paxton ignored […]

Siberia will be full of investment opportunities in the next 3 decades if you can get in right after the war, says a fund manager who manages $7 billion in assets

There are vast reserves of croplands in Siberia, Russia. Ilya Naymushin/Reuters Investing in Russia after the war with Ukraine could present a surpising upside, said an investor. That's thanks to vast farmlands in Siberia, said Cheah Cheng Hye, co-CIO of Value Partners Group. Chinese investors were already snapping up farmland in Siberia before the war. […]

The pound falls again versus the dollar after the Bank of England says it’s monitoring financial markets following the currency’s slide to a record low

Bank of England Governor Andrew Bailey. Dan Kitwood/WPA Pool/Getty Images The pound after the Bank of England said it's closely monitoring financial markets.  The BoE didn't say it would take emergency action to stem the decline of the pound, which hit a record low earlier Monday.    The pound fell by nearly 2% after the […]

Zelenskyy says he doesn’t think Putin is ‘bluffing’ over nuclear threats

Ukrainian President Volodymyr Zelenskyy; Russian President Vladimir Putin. BERTRAND GUAY/AFP via Getty Images; Contributor/Getty Images Zelenskyy says that he does not think Vladimir Putin is "bluffing" about his nuclear threats. "Maybe yesterday it was bluff. Now, it could be a reality," Zelenskyy told CBS's "Face The Nation." Last week, Putin threatened the use of nuclear […]

Rep. Nancy Mace, who voted against impeaching Trump, says there’s ‘a lot of pressure’ on Republicans to impeach Biden: ‘I think that is something that some folks are considering’

U.S. Representative Nancy Mace (R-SC) talks to reporters after a vote to hold longtime Donald Trump ally Steve Bannon in contempt of Congress at the U.S. Capitol in Washington REUTERS/Elizabeth Frantz Rep. Nancy Mace says there's "a lot of pressure" on Republicans to impeach President Biden. On NBC's Meet The Press, Mace said impeachment is […]

Rep. Liz Cheney says she won’t vote for Harriet Hageman, the Trump-endorsed Republican who defeated her in the Wyoming GOP primary

Rep. Liz Cheney gives a concession speech to supporters during a primary night event in Jackson, Wyo., on August 16, 2022. Alex Wong/Getty Images Liz Cheney said she would not support Wyoming GOP House nominee Harriet Hageman in the November general election. Hageman, who was backed by Trump and a plethora of national Republicans, defeated […]

‘I love being with her’: Trump says in new book that New York Times reporter Maggie Haberman is like his ‘psychiatrist’

Former President Donald Trump and New York Times reporter Maggie Haberman. Spencer Platt/Getty Images, Leigh Vogel/Getty Images for The New York Times Donald Trump once said New York Times reporter Maggie Haberman was like his "psychiatrist." Haberman said that while Trump treats many people like his psychiatrists, "almost no one really knows him." Haberman covered […]

Ron DeSantis thinks Chris Christie ‘missed his moment’ by skipping a 2012 White House bid, report says

Former Gov. Chris Christie of New Jersey. AP Photo/Carolyn Kaster, File DeSantis thinks Chris Christie "missed his moment" in running for the White House in 2016, per WaPo. Christie passed on a 2012 campaign and opted to run in 2016, where he faced Donald Trump. DeSantis is up for reelection in November and could potentially […]