Morning Bid: Senate's vote-a-rama continues

Morning Bid: Senate’s vote-a-rama continues

(Reuters) -The opinions expressed here are those of Dhara Ranasinghe, Editor, Financial Markets, EMEA. All eyes remain focused on Washington, with Senate Republicans still locked in a marathon session, known as “vote-a-rama”, as they try to pass a contentious tax cut and spending bill that could add trillions of dollars to the country’s already high…

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Mamdani could clinch Democratic primary when New York City releases ranked-choice results

Democratic mayoral candidate Zohran Mamdani could clinch victory Tuesday when the New York City Board of Elections releases the first look at the ranked-choice voting results from the June 24 primary. The board’s report will also provide more data on how primary voters viewed Mamdani’s candidacy after a week of conversations about what his performance…

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How Labour’s welfare bill will cut benefits

How Labour’s welfare bill will cut benefits

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email The government’s own analysis has shown that 150,000 people will still be pushed into poverty even after ministers announced two major changes to the controversial welfare…

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Why the US Treasury Keeps Getting Hacked

Why the US Treasury Keeps Getting Hacked

A Bloomberg News investigation has found that in three major hacks the US Treasury didn’t deploy cybersecurity measures that could have prevented the attacks or flagged the intruders sooner. Our review of previously unreported government documents and interviews with more than a dozen people including current and former Treasury employees, bank executives and cybersecurity experts…

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Billionaire Warren Buffett Sold 39% of Berkshire's Stake in Bank of America and Is Piling Into a Historically Cheap Legal Monopoly

Billionaire Warren Buffett Sold 39% of Berkshire’s Stake in Bank of America and Is Piling Into a Historically Cheap Legal Monopoly

The Oracle of Omaha has jettisoned more than 401 million shares of Bank of America stock since mid-July 2024, and built up a greater than 35% stake in one of America’s few publicly traded legal monopolies. At the end of the year, billionaire Warren Buffett will officially step down as Berkshire Hathaway‘s (BRK.A -0.34%) (BRK.B…

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Reuters

US startup Lyten to take over Northvolt’s energy storage systems factory in Poland

WARSAW (Reuters) -Silicon Valley startup Lyten will take full ownership of Northvolt Dwa ESS, Europe’s largest energy storage systems factory, in a move to expand its product line, the U.S. company said on Tuesday. Northvolt filed for bankruptcy in March, one of Sweden’s largest corporate failures and effectively ending Europe’s best hope of developing a…

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