Government pension plans are getting hit by the commercial real-estate meltdown and many fear the bleeding is far from over. https://www.wsj.com/finance/investing/commercial-property-meltdown-clobbers-pension-funds-439d8347
American Airlines Group Inc. and the union for its flight attendants will continue contract negotiations at the direction of federal mediators, extending a deadline that would have made a strike more likely. from Bloomberg Politics https://ift.tt/TdSA46k
Sen. J.D. Vance, R-Ohio, clashed with CNN anchor Wolf Blitzer on Friday over whether former President Trump was fairly convicted in his New York hush money trial. Vance, who is on Trump’s vice presidential pick shortlist, defended the former president’s statements about the conviction being an unjust, political ruling done for the sake of boosting…
Two Estonian nationals have been extradited from Estonia to the U.S. to face charges for their roles in “a massive multi-faceted cryptocurrency Ponzi scheme,” according to an announcement by the U.S. Department of Justice (DOJ). Sergei Potapenko and Ivan Turõgin are accused of operating a $575 million Ponzi scheme involving the fraudulent cryptocurrency mining service…
Senior defense officials from around the world are in Singapore for a security forum to discuss a host of fractious issues including Taiwan, China’s relationship with Russia, and tensions in the South China Sea. from Bloomberg Politics https://ift.tt/ugv1o84
Vermont’s governor has vetoed a bill that would have allowed the creation of a pilot overdose prevention center in the state’s largest city of Burlington, including a safe injection site where people could use narcotics under the supervision of trained staff and be revived if they take too much. Gov. Phil Scott, a Republican, wrote…
Japanese whisky-maker Suntory is in talks to acquire Boston Beer, the American brewer of Samuel Adams. https://www.wsj.com/business/deals/boston-beer-in-talks-to-sell-itself-to-jim-beam-owner-suntory-d0f23485
Agricultural markets are on watch for potential shakeups in India’s trade policies after a new government assumes office this month, which could have significant ramifications on global food prices. from Bloomberg Markets https://ift.tt/6wkXdNp
A late-day rally helped the major stock indexes end May higher. The S&P 500 and Dow rose 0.8% and 1.5% Friday, respectively, while the Nasdaq shed less than 0.1%. https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-05-31-2024-62b25a39
Micah Parsons quickly became one of the best defensive players in football. The 11th pick of the 2021 NFL Draft has finished in the top three in each of his three seasons for the Defensive Player of the Year Award, and he’s trying to get a new deal. The common practice for players in his…