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Transportation Dept. watchdog to audit Buttigieg’s air travel
The Transportation Department’s internal watchdog explained Monday that it will overview the use of governing administration jets by its major official, Pete Buttigieg, and his predecessor from the Trump administration. The inspector standard designs to “conduct an audit to identify irrespective of whether the Business of the Secretary complied with Federal regulations, policies, and procedures” connected to government journey on the department’s plane, according to a memo released Monday. The audit, which was asked for by Sen. Marco Rubio, will concentration on official outings taken given that Jan. 31, 2017, when former Transportation Secretary Elaine Chao was sworn into business office, the memo says. Rubio, R-Fla., requested in December that…
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Uncertainty Over Inflation and Economic Slowdown Likely to Continue This Week | Economy
Wall Avenue woke up previous week to the realization that inflation is proving stickier than expected and the Federal Reserve may have to maintain interest fees better for extended, with the market posting its worst performance of the calendar year. This 7 days delivers a range of stories on the financial state, from the housing market to gauges of the health of the producing and expert services sectors along with updates in automobile gross sales and purchaser confidence. They ought to offer a wide reading through on irrespective of whether the economic climate is continuing to increase, as latest reports have shown, or wilting beneath the tension of increased curiosity…
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Stocks rise as Wall Street rebounds from worst week of 2023
U.S. stocks rose on Monday, fueling a rebound from Wall Street’s worst week of the 12 months. The S&P 500 (^GSPC) rose by .3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, even though the Dow Jones Industrial Normal (^DJI) attained .2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Contracts on the technology-large Nasdaq Composite (^IXIC) amplified by .6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The yield on the benchmark 10-12 months U.S. Treasury note ticked down to 3.93{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Monday. On the economic details aspect, new orders for created durable goods in January plunged to 4.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, the most significant fall due to the fact April 2020, the Census Bureau claimed. The fall was additional pronounced than economist estimates of 4.{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. “The production sector will remain underneath tension in the months in…
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Rivian Q4 earnings preview: Cash burn, demand concerns emerge
Rivian’s fiscal performance is an additional main worry. The company lifted large amounts of funds for its 2021 original community supplying, but is now burning by way of that money quarter by quarter. The automaker explained it sent 20,332 automobiles final year. As section of third-quarter earnings, Rivian said it experienced about $14 billion in dollars to fund its functions, create fewer-pricey motor vehicles and establish a 2nd plant. The foundation R1T has a starting price of $74,800 with shipping and delivery. Rivian is not by yourself in drawing fresh scrutiny from industry analysts amid high hopes for EV startups in new many years. Lucid Motors, which released its Air…
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NBA Power Rankings: Streaking Bucks back on top; new-look Lakers making moves; struggling Heat take a tumble
1 Bucks Giannis goes out, doesn’t matter. The Bucks’ win streak now sits at 14 games after Jrue Holiday’s 33 points powered Milwaukee past Phoenix on Sunday. With Jae Crowder playing and Bobby Portis back, the Bucks just need their MVP candidate to complete the puzzle. — 43-17 2 Celtics Boston closed out a 3-1 week with an impressive road win over the 76ers on Saturday. Their only loss came against the Bucks, without Jaylen Brown and Jayson Tatum. Brown has looked great since returning from a facial fracture donning a sleek, black mask, averaging 28 points in two games on 5-for-9 3-point shooting. — 44-17 3 Nuggets The Nuggets…
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Russia-Ukraine war live: war crimes dominate agenda at UN in Geneva; US warns China against arming Russia | Ukraine
Key events Show key events only Please turn on JavaScript to use this feature Summary of the day so far … Air raid alerts sounded across Ukraine’s Kyiv region late on Sunday night as Kyiv’s regional military administration confirmed the country’s air defences were at work. The nearby northern city of Chernihiv also reported shooting down Iranian-made Shahed drones, according to its regional governor, Vyacheslav Chaus. Ukraine’s ministry of defence claimed in total to have shot down 11 of 14 drones deployed, including nine over Kyiv. Two emergency service workers were killed and three other people injured during a drone attack on Khmelnytskyi, according to city’s mayor. Belarus’s exiled opposition…
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