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House Minority Leader Kevin McCarthy arrives for a meeting with House Republicans at the Capitol on Tuesday. (Anna Moneymaker/Getty Images) For the first time since 1923, the U.S. House of Representatives failed Tuesday to elect a new speaker on the initial ballot, signaling the start of what could be a fractious, days-long drama to find a Republican successor to former Democratic leader Nancy Pelosi. But for Rep. Kevin McCarthy of Bakersfield, Calif. — the Republican leader who was also… Source link

House Minority Leader Kevin McCarthy arrives for a meeting with House Republicans at the Capitol on Tuesday. (Anna Moneymaker/Getty Images) For the first time since 1923, the U.S. House of Representatives failed Tuesday to elect a new speaker on the initial ballot, signaling the start of what could be a fractious, days-long drama to find a Republican successor to former Democratic leader Nancy Pelosi. But for Rep. Kevin McCarthy of Bakersfield, Calif. — the Republican leader who was also… Source link

Domantas Sabonis has been integral to the Kings having a positive record so far this year. It will be a quiet night in the NBA on Tuesday with just three games on the schedule. There is the potential for a couple of blowouts, with the Bucks hosting the Wizards and the Celtics taking on the Thunder. We could also see a high-scoring affair when the Jazz host the Kings. The Jazz will be shorthanded, though, with Collin Sexton (hamstring) expected to miss at least the next week. Let’s dig… Source link

The Federal Reserve, FDIC, and the Office of the Comptroller of the Currency (OCC) issued a joint statement on Tuesday warning about “significant” risks crypto assets may pose to the broader banking system. “It is important that risks related to the crypto-asset sector that cannot be mitigated or controlled do not migrate to the banking system,” the agencies said in a joint statement. “Given the significant risks highlighted by recent failures of several large crypto-asset companies, the… Source link

Sam Bankman-Fried pleaded not guilty to eight different counts of wire fraud, securities fraud, and conspiracy before a U.S. federal court in the Southern District of New York on Tuesday. U.S. prosecutors allege that under Bankman-Fried’s direction, FTX, once considered one of the largest and most-trusted cryptocurrency exchanges, transferred billions in customer assets to his trading firm, Alameda Research. If convicted of these charges, Bankman-Fried faces up to 115 years in prison. A trial… Source link

Costco (COST) stock could be nearing a key inflection point after a challenging holiday season, provided execs finally reveal a long-rumored profit-boosting member fee increase. “We believe we may reach a compelling tactical inflection point at some time in the next 2-3 months ahead of a potential membership fee increase in the spring,” John Heinbockel, analyst at Guggenheim, wrote in a new client note on Tuesday. Costco’s last membership fee increase took place on June 1, 2017. The warehouse… Source link

Bed Bath & Bust. Bed Bath & Beyond stock fell more than 10% in Tuesday trading, a sharp reversal from a 3% move higher in pre-market activity, to a level not seen since the close of trading on July 2, 1993. The company’s ticker page was among the top five most visited on the Yahoo Finance platform. The sell-off likely reflects rising investor angst surrounding two key dates for Bed Bath & Beyond, both of which could offer clues on whether the struggling retailer survives the year. Bed Bath &… Source link

Damar Hamlin‘s family released a statement Tuesday morning, expressing gratitude and asking that fans keep Hamlin in their prayers. The second-year Buffalo Bills safety suffered cardiac arrest on the field after making a tackle during Monday night’s game against the Cincinnati Bengals. He had his heartbeat restored on the field and then was taken to a local hospital. The Bills said early Tuesday morning that he was in critical condition. The Hamlin family’s statement came through Damar’s… Source link

Tesla stock is picking right up where it left off in 2022: Lacking juice. Shares of the EV maker fell more than 12% on Tuesday, the biggest one-day drop in more than two years. The stock at one point hit its lowest level since August 2020, with investors reacting to a lackluster fourth-quarter delivery figure released on New Year’s Day. Tesla was the top-trending ticker on the Yahoo Finance platform. Tesla saw fourth-quarter deliveries rise 18% sequentially to 405,000, missing consensus… Source link

Tesla stock is picking right up where it left off in 2022: Lacking juice. Shares of the EV maker fell more than 12% on Tuesday, the biggest one-day drop in more than two years. The stock at one point hit its lowest level since August 2020, with investors reacting to a lackluster fourth-quarter delivery figure released on New Year’s Day. Tesla was the top-trending ticker on the Yahoo Finance platform. Tesla saw fourth-quarter deliveries rise 18% sequentially to 405,000, missing consensus… Source link