Fox News senior correspondent Rick Leventhal has the latest on 'Hannity.'
Fox News senior correspondent Rick Leventhal has the latest on 'Hannity.'
The Red Devils need to avoid defeat in Germany next week to go through.
Bill Barr can take the heat, and on Tuesday the stalwart Attorney General guaranteed he’ll get it when he said “to date, we have not seen fraud on a scale that could have effected a different outcome in the election.” Mr. Barr told the Associated Press that allegations of “particularized” fraud, with some that “potentially cover a few thousand votes,” are being explored. As for the idea that voting machines were compromised, Mr. Barr said the feds “have looked into that, and so far, we haven’t seen anything to substantiate that.”
Death was linked to coronavirus complications, foundation he set up says
(Bloomberg) -- The House approved legislation that could ultimately lead to Chinese companies --including behemoths like Alibaba Group Holding Ltd. and Baidu Inc. -- getting kicked off American exchanges if U.S. regulators aren’t allowed to review their financial audits.The legislation won bipartisan support in the House after easily clearing the Senate back in May. Passage now sends the bill to President Donald Trump, who is expected to sign it.While the legislation provides a phase-in period -- penalties only kick in after three straight years of failure to comply -- it represents intensifying scrutiny in Washington of ties with China. Chinese firms for years have relied on access to American capital markets, and more broadly to dollar-based finance, as a key funding component.“U.S. policy is letting China flout rules that American companies play by, and it’s dangerous,” said Senator John Kennedy, one of the bill’s lead sponsors, in a statement. “Today, the House joined the Senate in rejecting a toxic status quo, and I’m glad to see this bill head to the president’s desk.”In addition to requiring companies to allow U.S. inspectors to review their financial audits, the measure -- originally introduced by Kennedy, a Louisiana Republican, and Senator Chris Van Hollen, a Maryland Democrat -- requires firms to disclose whether they are under government control.‘Cheated’ InvestorsMany investors “have been cheated out of their money after investing in seemingly legitimate Chinese companies that are not held to the same standards as other publicly listed companies,” Van Hollen said in a statement. “This bill rights that wrong, ensuring that all companies on the U.S. exchanges abide by the same rules.”The measure represents a watershed moment in a long-running dispute between Washington and Beijing. At issue is China’s refusal to let the Public Company Accounting Oversight Board examine audits of firms whose shares trade in the U.S. The requirement for the inspections by the agency, which was created in the wake of the Enron Corp. accounting scandal, is meant to prevent fraud and wrongdoing that could wipe out shareholders.Investors have mostly shrugged off the anticipated legislative move. Alibaba, the largest U.S.-listed Chinese company, was steady in after-hours trading, following a 1% drop on Wednesday. The offshore yuan was little changed.Read More: Market Calls Bluff on $2 Trillion Delisting Threat: China TodayFang Xinghai, the vice chairman of the China Securities Regulatory Commission, last month expressed optimism that the clash could be resolved with an incoming Biden administration. “It’s not an intractable problem,” Fang said, adding that it’s important to ensure that Chinese companies have access to international capital markets.Regulators in the two countries have been engaged in on-again, off-again negotiations amid the standoff for more than a decade. Over the years there have been moments of optimism that the two sides were closing in on a deal, but ultimately it always fell through -- with China citing strict confidentiality laws. More than 50 other foreign jurisdictions now permit the PCAOB inspections.Despite the inability of American inspectors to review audits of Chinese firms, they’ve been allowed to continue to trade in the U.S., as the dynamic has been profitable to American stock exchanges, investment banks and asset managers. According to the Securities and Exchange Commission, more than 150 of the country’s companies, with a combined value of $1.2 trillion, traded on U.S. exchanges as of 2019 and there have been a spate of initial public offerings this year.Major companies such as Vanguard Group Inc., the New York Stock Exchange, and Nasdaq have all expressed concern that the trend could reverse, with a crackdown causing Chinese companies to move their listings to Hong Kong or countries where investor protections are weaker than in the U.S. American investors would still be able to purchase the stock.Alibaba PledgeAlibaba CFO Maggie Wu said during a May 22 earnings call that the company “will endeavor to comply” with legislation that seeks to bring transparency to investors buying stocks on U.S. exchanges. Her comments were directed specifically at the Kennedy-Van Hollen legislation, which at that point had just passed the Senate.The bill would prohibit foreign companies from trading in the U.S. if PCAOB inspectors aren’t allowed to review their auditors’ work for three consecutive years. The businesses would also have to disclose whether they’re controlled by China’s Communist Party, or any other foreign government.Jay Clayton, the outgoing chairman of the Securities and Exchange Commission, said the legislation will help “level the playing field for all issuers” in the U.S. stock market.“Today’s vote, in combination the Commission’s ongoing work, will help address these long-standing issues for the benefit of U.S. investors,” he said in a statement.The SEC has been pushing ahead with writing a rule to tackle the same issue, which would lead to the de-listing of companies for not complying with U.S. auditing rules, Bloomberg News reported last month. The effort is in response to recommendations released earlier this year by top Trump-appointed financial officials including Clayton and Treasury Secretary Steven Mnuchin.The NYSE said in a statement that “we are hopeful this legislation’s time horizon will allow” for balancing both protection and choice for investors. Meanwhile, Nasdaq said it “stands ready to work with our listed companies to comply with any and all regulations” and that it looks forward to cooperating with the SEC to bolster transparency.The bill passed on Wednesday tasks the SEC with writing a rule to implement part of the measure.As in the Senate, the bill passed the House by voice vote, underscoring the bipartisan support for the measure.(Updates with market reaction and comments from regulators and other context starting in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
For months, lawmakers have haggled over a stimulus package to follow the CARES Act, passed into law in late March to provide coronavirus relief. On Dec. 1, however, a bipartisan group of lawmakers announced a new proposal that could revive stimulus talks and bring the public closer to relief. Millions of Americans are still out of work, but regular unemployment benefits don't replace enough lost income to help the jobless stay afloat.
This winter is “going to be the most difficult time in the public health history of this nation,” said Dr. Robert Redfield as the coronavirus spreads rapidly.
Danuel House Jr. left the NBA bubble early in September after he had an unauthorized guest in his hotel room, a violation of the league's COVID-19 policy.
Former president Valery Giscard d'Estaing, who has died aged 94, brought a wind of change to French politics during his seven-year mandate, breaking with the conservatism that dominated after World War II.
Covid crisis offers a chance to act on climate, report saysLancet Countdown on Health and Climate Change calls for green recovery from pandemic * Coronavirus – latest updates * See all our coronavirus coverage
The American Depositary Receipts (ADRs) of China's Lufax Holding (NYSE: LU) closed more than 10% down on Wednesday. This followed the release of its first set of quarterly results as a publicly traded company, which were published after market hours on Tuesday.
Large parts of Scotland and areas of northern England are predicted to see snow and icy conditions which could cause travel disruptions.
Chevron Corporation (NYSE: CVX) today named Al Williams vice president of corporate affairs, effective March 1, 2021. The company also appointed Paul Antebi vice president and general tax counsel, effective February 1, 2021.
Deaths from heat among the over-65s have more than doubled since the early 2000s, according to Lancet Countdown.
As for whether there could be future episodes of the HBO hit, she and executive producer David Mandel don't rule anything out
N'dea Jones had 16 points and 11 rebounds, Aaliyah Wilson added 14 points and 10 boards, and No. 12 Texas A&M beat Lamar 80-63 on Wednesday. Jones has reached double figures in both scoring and rebounding in every game this season. Jordan Nixon added eight points, a career-high 10 assists and three steals for Texas A&M (3-0).
Every Champions League fixture plus confirmed dates, kick-off times and latest group standings
A key U.S. lawmaker endorsed the idea of an international agreement to govern the principles and standards for tech giants like Amazon, Google, Facebook and Apple.
We're getting closer and closer now.
Negotiations come as UK Brexit transition period is set to end on December 31.
Spotify's stock jumped 12.6% Wednesday -- closing at an all-time high price of $320.89 per share -- as investors rallied around new features the audio-streaming platform introduced and new data signaling that its podcast push is gathering steam. The surge in the shares pushed Spotify's market capitalization to $60.8 billion, with the stock more than […]