
Debt ceiling deal: The sticking points holding things up
President Biden and US lawmakers are trying to hash out a deal ahead of a 1 June debt ceiling deadline.
2023-05-23 05:22

TikTok Sues Montana to Block First Statewide Ban of App
TikTok Inc. sued Montana over the first statewide ban of the popular app, saying the state has trampled
2023-05-23 05:22

Newcastle clinch Champions League qualification with Leicester draw
Nick Pope ensured Newcastle booked their Champions League place with a game to spare as he denied Leicester a priceless victory in their bid for Premier League survival. The Magpies’ £10million summer signing kept out Timothy Castagne’s volley in the second minute of stoppage time with his first save of the game to secure a 0-0 draw on a night when the home side battered at the door but were unable to find a way through. Callum Wilson and Miguel Almiron were both denied by the woodwork, but a point was all their team needed to ensure their place among the continent’s big boys for the first time in 20 years. By contrast, Leicester, who are still two points adrift of safety, will head into their final-day clash with West Ham knowing their fate is not in their own hands. Eddie Howe’s men were lauded by a crowd of 52,152 on the final whistle, having secured Champions League football for just the third time in the club’s history and way ahead of the schedule drawn up by the club’s Saudi-backed owners when they took control in October 2021. In some senses it proved to be a frustrating 90 minutes – it might have been more so had key midfielder Bruno Guimaraes seen red rather than yellow for a poor early challenge of Boubakary Soumare – but it was ultimately the bigger picture which mattered. Howe was forced to make a last-minute change when, after he had taken part in the warm-up, midfielder Joelinton was unable to start and was replaced by Elliot Anderson. Any fears the reshuffle might unsettle his team proved unfounded as they took the game by the scruff of the neck amid a party atmosphere at St James’ Park, although Guimaraes was perhaps fortunate to escape with only a booking for his studs-up ninth-minute clash with Soumare. The Magpies dominated possession but in the early stages were unable to find a telling final ball. Almiron, who had made another high-octane start, fired over after cutting inside from the right and Anderson tested goalkeeper Daniel Iversen for the first time with a curling attempt. Alexander Isak was seeing plenty of the ball down the left but sliced a long-range effort well wide as the Magpies piled forward repeatedly without ever really being able to summon up the required precision to make the pressure tell. For their part, City attempted to hit Jamie Vardy and Kelechi Iheanacho long and early and, although they achieved a measure of success, they met with stubborn resistance from Fabian Schar and Sven Botman. Wilson twice went close to his 19th goal of the season four minutes before the break when he stabbed a shot against a post and then saw Wilfred Ndidi clear his follow-up header off the line, while Almiron was similarly denied by the woodwork before Isak steered the rebound wide seconds later. Wilson headed over from a Kieran Trippier corner in stoppage time after Iversen had misjudged the flight and the half ended goalless. James Maddison entered the fray at the break as a replacement for Iheanacho, but the traffic continued to head very much in the direction of his team’s goal, with Isak and Almiron menacing out wide, although the massed ranks of blue held impressively firm. Iversen had to turn a 59th-minute Isak snapshot over his crossbar and block Sean Longstaff’s 76th-minute drive with a foot, but it was the Foxes who almost snatched victory at the death when Pope was forced into his first save of the game to keep out Castagne’s stoppage-time volley. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Juventus docked 10 points with immediate effect over transfer irregularities Tiger Woods withdraws from next month’s US Open Sean Maitland grateful to have Saracens future sorted ahead of Premiership final
2023-05-23 05:21

Zoom Raises Annual Sales Forecast in Sign Pandemic-Era Customers Here to Stay
Zoom Video Communications Inc. raised its full-year sales forecast in a positive sign for the software maker’s effort
2023-05-23 04:58

Premier League clubs ‘furious’ over delays to Man City and Everton financial cases
The Premier League has been repeatedly advised to establish an independent unit in order to speed up complex financial cases such as those involving Manchester City and Everton, as the planet’s most popular competition could be mired in legal uncertainty for years to come. The Independent has been told a core of clubs have been pressing the argument, but that has so far gone unheeded. The sight of chief executive Richard Masters on Sunday presenting the trophy to City - as the club also became the first champions in that situation to also be facing charges that, if proven, could yet see them expelled from the competition - has again raised questions about the Premier League serving as organiser, regulator, investigator and prosecutor. A number of clubs are understood to be increasingly “furious”, particularly with reports of recent delays to the process. It also leaves open the possibility that all of the Premier League’s key battles - the title, Champions League and relegation - could be settled for this season amid regulatory uncertainty about the future. While City face 115 charges related to Financial Fair Play rules and Everton have been referred to an independent commission for an alleged breach of Profit and Sustainability rules, Masters has previously refused to confirm whether it is investigating Newcastle’s ownership after US court documents from majority owners Public Investment Fund appeared to contradict the Premier League’s “legally binding assurances that the Kingdom of Saudi Arabia will not control” the club. Both City and Everton have strenuously denied any wrongdoing. The key for many others, however, is that it leaves a cloud over everything that happens. A strident view within legal circles is that the nature of cases like those involving City and Everton is so financially complex that it goes beyond general sporting disciplinary issues, and requires specific financial experts involved from the outset rather than just heavyweight legal figures. This is why Uefa and the EFL have two independent bodies, with the continental federation setting up the Investigatory and Adjudicatory Chamber and the English body mirroring that with Club Financial Review Panel and Club Financial Review Unit. Such units both speed up processes but also take discretion away from the boards, ensuring - in the words of the EFL’s own announcement - “consistency and independence”. A number of Premier League club employees have been pointing to this, as the perception grows that City’s strategy is again one of obstruction, just as Uefa figures have spoken about. Several sources describe it as a “mess”, with the competition facing pressure from both sides, but one that was “foreseeable and avoidable”. Some of Everton’s Premier League rivals have meanwhile requested their case be fast-tracked, so that everything can be settled before the end of the season. Should the Goodison Park club go down, the EFL would not be able to pursue the case, although it is understood the commission would continue. An illustration of how this could cause other complications, however, is that if the case did then conclude with Everton being issued with a points deduction, that would not apply in the EFL. It would have to wait until a period when the club returned to the Premier League. As it stands, commissions are appointed to deal with all disciplinary issues in the elite competition. Whereas the panel to form these commissions used to be recommended by the league and approved by the clubs, with the Premier League itself then selecting the individual from that panel for the relevant issue, this was changed in early 2020. A fully independent chair appoints legal and financial experts onto the Judicial Panel, and it will be then up to him to decide who should go on the Commission. It is Murray Rosen KC’s appointment as chair that City are reported to have objected to, due to the fact he is an Arsenal fan. The argument is this process has evolved to become more independent, and a stance within the Premier League has been that the clubs prefer the board to handle various issues. There is increasing debate about that, though, as figures at clubs have become frustrated with proceedings. One counter-argument is that the commissions have always been independent, but what is so important about independent units is that they do investigations and prosecutions. Some Premier League executives have also pointed to how the case of Reading in the EFL was dealt with in a few weeks, whereby the club was issued a second six-point penalty after failing to satisfy a business plan agreed after a historical breach of Profit and Sustainability limits. “You can’t have the same people charging clubs and helping them through processes,” one source said. “It’s obvious.” Beyond that, several sources have spoken of how the Premier League’s legal workload has significantly increased with the case. Some figures in that area have spoken of how it reflects the transformed role of the competition. Whereas it used to almost be a partners’ group whose main business was actually selling media rights, with many historically having boasted of their streamlined team, it has grown into one that has to deal with the most complex legal and financial cases. “It needs specialists and hard-nosed litigators who will scare the hell out of clubs to keep them in line,” was one view. Read More Financial charges cast cloud over Man City's dominance in English soccer Man City’s quest for legitimacy is a battle they may never win Five titles in six years: Are Manchester City destroying the Premier League? Newcastle vs Leicester LIVE: Latest Premier League updates Brighton’s top talents may move on before European challenge – Roberto De Zerbi Bad decisions and poor signings – where has it gone wrong for Leeds?
2023-05-23 04:52

Treasury confirms U.S. default as early as June 1 without debt ceiling hike
By Andrea Shalal and David Lawder WASHINGTON The U.S. Treasury Department reiterated Monday it expects to be able
2023-05-23 04:47

The Fear Premium in Bills Is Growing as Debt-Cap Fight Drags On
Investors have jacked up sharply the premium they demand to hold US paper that’s most at risk of
2023-05-23 04:47

Charles Schwab Challenge power rankings based on odds
The second men's major tournament on the calendar is officially in the books with Brooks Koepka capturing his third PGA Championship.Now, the PGA Tour is set to begin a stretch of entertaining tournaments between now and the U.S. Open. The first one will be the Charles Schwab Challenge at C...
2023-05-23 04:26

Regional Banks Rallied Last Week. Traders Continued to Short the Sector
Short sellers increased bets against regional banks last week even as the sector notched one of its best
2023-05-23 04:19

Juventus docked 10 points with immediate effect over transfer irregularities
Juventus have been docked 10 points by the Italian football federation for irregularities in the club’s accounting. The Serie A side were initially hit with a 15-point sanction in January, but the penalty was rescinded after an appeal. The federation has now moved to issue a new punishment after the federal court of appeal intervened, meaning the club could miss out on European football next season. The sanctions relate to the club having artificially inflated the value of players in their accounts using capital gains. The appeal court, whilst upholding the charges against the club, acquitted officials Pavel Nedved, Paolo Garimberti, Assia Grazioli Venier, Caitlin Mary Hughes, Daniela Marilungo, Francesco Roncaglio and Enrico Vellano of wrongdoing. Former Tottenham sporting director Fabio Paratici, who performed the same role at Juventus from 2018-21, received a two-year global ban from football from FIFA in April over his part in the matter, forcing him to resign from his position at Spurs. The club said in a statement that they had taken note of the ruling and reserved “the right to read the reasons to evaluate a possible appeal”. They added that the decision “arouses great bitterness in the club and in its millions of supporters” who have found themselves “penalised by the application of sanctions that do not seem to take into account the principle of proportionality”. The points deduction sees the club drop to seventh in the Serie A table, a point outside the European qualification places. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-05-23 03:47

Regional Banks Could Tap Debt Market After Charles Schwab Raised $2.5 Billion in Bonds
US regional banks could look to tap the investment-grade market after Charles Schwab Corp. raised $2.5 billion in
2023-05-23 02:53

Eskom Latest: Power Cuts Ramped Up; Netcare Fuel Costs Surge
South Africa’s state-owned power utility will ramp up rolling power outages, after a breakdown of a generation unit
2023-05-23 02:26