S&P 500 closes in bear market territory, reaching lowest level since 2021

June 13 (UPI) — The S&P 500 closed in bear market territory on Monday, reaching its lowest level since March 2021. The broad index dropped 3.88% to 3,749.63, falling 21% below its record high. A bear market is considered 20% below a recent record high. Advertisement Meanwhile, the Dow Jones Industrial Average dropped 876.05 points, […]

Jack Daniel’s, Coca-Cola team up on canned version of classic cocktail

June 13 (UPI) — The makers of Coca Cola and Jack Daniel’s whiskey on Monday announced they are pairing their products into a canned, ready-to-drink beverage called the Jack & Coke cocktail. Hailing their new “pre-mixed cocktail option” as a retail variation of a classic mixed drink long available in bars, Brown-Forman Corp. and The […]

Niall Ferguson: One Cheer for Detente

The prolific British historian Niall Ferguson has written a provocative article for Bloomberg in which he recommends that the Biden administration practice detente with China as a means to avoid war over Taiwan. Ferguson, who is busy writing the second volume of his biography of Henry Kissinger, sees detente with the Soviet Union in the […]

India, China growing markets for shunned Russian oil

NEW DELHI (AP) — India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow despite strong pressure from the U.S. not to increase their purchases, as the European Union and other allies cut off energy imports from Russia in line with sanctions over its war on Ukraine. Such sales […]

Sex, Lies, Videotape & Hypocrisy: A Tale of Two Jan. 6 Hearings

When I first began litigating in 1994, Jones Day assigned me to an elite team of newcomers who would be given semi-autonomy in handling cases. Although partners would retain oversight, we were given enormous independence in these cases. The first one I was assigned intimidated me terribly. Plaintiff was suing our client, a credit-reporting company, […]

UK sets up EU battle with N.Ireland changes

The UK government will Monday introduce legislation to unilaterally rip up post-Brexit trading rules for Northern Ireland, despite the potential for a trade war with the EU. London says it still prefers a negotiated outcome with the European Union to reform the “Northern Ireland Protocol”, whose provisions have become anathema to pro-UK unionists in the […]