SocGen reports 64% slide in annual profits but beats market expectations

SocGen reported its latest results Wednesday. SAMEER AL-DOUMY | AFP | Getty Images General Society on Wednesday reported a 64% drop in annual net profits for 2022, weighed on by lower activity in its domestic banking unit, currency effects and increased operating expenses. The French bank said net income came in at 1.16 billion euros … Read more

Five key economic points in Biden’s 2023 State of the Union address to Congress

President Joe Biden delivers the State of the Union address to a joint session of Congress at the U.S. Capitol, Tuesday, Feb. 7, 2023, in Washington, as Vice President Kamala Harris and House Speaker Kevin McCarthy of Calif., applaud. Pool | Via Reuters President Joe Biden delivered his second State of the Union address to … Read more

World’s largest drone maker is unfazed — even if it’s blacklisted by the U.S.

The world’s biggest drone maker DJI found itself embroiled in the Russia-Ukraine conflict last year. In March, three weeks after Russia’s invasion began, a Ukrainian minister called out DJI on Twitter for being complicit in the war. DJI is just one of many tech companies that has found its products used on the battlefield. The … Read more

Sarah Huckabee Sanders draws sharp contrast with Democrats in GOP rebuttal | CNN Politics

CNN — Arkansas Gov. Sarah Huckabee Sanders gave a combative speech Tuesday evening in response to President Joe Biden’s State of the Union address, drawing a sharp contrast with Biden as she delivered a series of blistering criticisms of the president. Sanders called Biden “unfit to serve as commander in chief,” said his “weakness puts … Read more

Live updates: Biden’s State of the Union 2023 livestream and news

A newly installed perimeter fence is seen in front of the US Capitol on Tuesday. (Jose Luis Magana/AP) US Capitol Police have been tracking social media posts about attacking the Capitol as the agency and other law enforcement around Washington increase security for Tuesday’s State of the Union address. Among the security measures taken ahead of the … Read more

Inflation Reduction Act has spurred 100,000 new green jobs so far: Here’s where they are

A quality control worker checks a solar panel at the Hanwha Q Cells solar cell and module manufacturing facility in Dalton, Georgia, on Thursday, Oct. 6, 2022. Elijah Nouvelage | Bloomberg | Getty Images Since President Joe Biden signed the historic Inflation Reduction Act into law last August, companies have announced more than 100,000 clean … Read more

New photos show the Navy recovering downed China spy balloon off U.S. coast

Sailors assigned to Explosive Ordnance Disposal Group 2 recover a high-altitude surveillance balloon off the coast of Myrtle Beach, South Carolina, Feb. 5, 2023. Photo: U.S. Navy The U.S. Navy on Tuesday released photos showing the recovery of the remnants of a Chinese spy balloon that was shot down over the weekend on the orders … Read more

Biden Labor Secretary Marty Walsh to become head of NHL players union

Labor Secretary Marty Walsh listens as U.S. President Joe Biden speaks during an event in the Rose Garden of the White House September 15, 2022 in Washington, DC. Anna Moneymaker | Getty Images Labor Secretary Marty Walsh will leave his post in the Biden administration to become head of the NHL players’ union, sources confirmed … Read more

Biden plans to go after social media and kids’ mental health in SOTU speech

U.S. President Joe Biden speaks as he attends the DNC 2023 Winter Meeting in Philadelphia, Pennsylvania, U.S., February 3, 2023. Elizabeth Frantz | Reuters U.S. President Joe Biden will take aim at tech companies and discuss data privacy and online safety when he delivers the annual State of the Union address Tuesday night, the White … Read more

Turkey’s President Erdogan declares 3-month state of emergency for quake-hit regions

Turkish President Recep Tayyip Erdogan speaks to press after 7.7 and 7.6 magnitude earthquakes hit southern provinces of Turkey, on February 07, 2023 in Ankara, Turkey. Mustafa Kamaci Anadolu Agency | Getty Images Turkish President Recep Tayyip Erdogan declared a three-month state of emergency in 10 of the country’s provinces Tuesday. Turkey, and neighboring Syria, … Read more

Jill Biden’s State of the Union guests include Tyre Nichols’ parents, Bono, Ukraine ambassador, Paul Pelosi | CNN Politics

CNN  —  Paul Pelosi, Tyre Nichols’ parents, U2 star Bono, Monterey Park shooting hero Brandon Tsay, Ukraine’s ambassador to the US Oksana Markarova and a Holocaust survivor are among those headed to the US Capitol Tuesday evening where President Joe Biden is set to deliver his State of the Union address. Biden’s remarks will both … Read more

French bank BNP Paribas reports bumper profit for 2022, boosts stock purchase plan

BNP Paribas reported Q4 2022 and full year earnings. Miguel Medina | Afp | Getty Images BNP Paribas reported Tuesday a 7% rise in net income for 2022 and revised up its profit targets. The French bank said net profit attributable to shareholders came in at 2.2 billion euros ($2.36 billion) for the fourth quarter, … Read more

Exclusive: US intel assessment documents Chinese spy balloon incident under Trump | CNN Politics

CNN — A US military intelligence report from last year that focused on China’s use of high-altitude balloons mentioned sightings in Hawaii and Florida during the Trump presidency, according to an excerpt of the report reviewed by CNN. The April 2022 report, titled “People’s Republic of China High-Altitude Balloon,” found a Chinese spy balloon “circumnavigated … Read more

Failure to raise U.S. debt ceiling would lead to ‘economic and financial catastrophe,’ Yellen says

U.S. Treasury Secretary Janet Yellen on Jan. 10, 2023 in Washington. Kevin Dietsch | Getty Images News | Getty Images The U.S. government risks “economic and financial catastrophe” if the House fails to pass a bill to raise the $31.4 trillion debt ceiling, Treasury Secretary Janet Yellen said Monday. The nation hit the statutory limit … Read more

DeSantis appointees would oversee Disney’s theme parks under bill to revamp Reedy Creek | CNN Politics

CNN — A bill to wind down Disney’s special governing powers in Central Florida would put the company’s Orlando-area theme parks under the oversight of a board that will be hand-picked by Gov. Ron DeSantisgiving the Republican executive new authority over the state’s largest employer and his recent political foe. The move to take over … Read more

Pentagon says it had ‘an awareness gap’ that led to failure to detect 3 Chinese balloons under Trump | CNN Politics

CNN — The American military had a “domain awareness gap” that allowed three other suspected Chinese spy balloons to transit the continental United States undetected under the Trump administration, the Pentagon general responsible for providing air and missile defense over North America said on Monday. “Every day as a NORAD commander, it’s my responsibility to … Read more

Watch live: U.S. House Speaker Kevin McCarthy speaks on the debt ceiling

(The stream is slated to start at 5:30 p.m. ET. Please refresh the page if you do not see a video above at that time.) House Speaker Kevin McCarthy will deliver an address Monday on the debt ceiling. His speech comes a day before President Joe Biden is scheduled to give the annual State of … Read more

Judge suggests abortion might be protected by 13th Amendment despite Supreme Court ruling

Agnes Scott College student Jordan Simi (C) participates in a chant during a pro-abortion rights march and rally held in reaction to the leak of a draft U.S. Supreme Court majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later … Read more

George Santos denies sexual harassment accusation from ex-prospective staffer

Representative George Santos, a Republican from New York, arrives for a vote at the US Capitol in Washington, DC, US, on Tuesday, Jan. 31, 2023. Al Drago | Bloomberg | Getty Images Republican Rep. George Santos on Monday denied groping a former prospective staffer in his congressional office, calling the sexual harassment allegation “comical.” Santos, … Read more

Trump appeals nearly $1 million in sanctions for ‘frivolous’ suit he filed against Hillary Clinton

presidential candidates Donald Trump and Hillary Clinton attend campaign rallies in Ambridge, Pennsylvania, October 10, 2016 and Manchester, New Hampshire U.S., October 24, 2016 in a combination of file photos. Mike Segar | Carlos Barria | Reuters Former President Donald Trump and one of his lawyers said Monday they are appealing nearly $1 million in … Read more

Neo-Nazi and woman charged with conspiring to attack Maryland power grid

Brandon Russell is seen in this mugshot from the Pinellas County Sheriff’s Office. Pinellas County Sheriff’s Office via AP An admitted neo-Nazi and a Maryland woman were arrested and charged with plotting to attack several electrical substations in the Baltimore area, federal authorities announced Monday. Prosecutors said the admitted neo-Nazi, Brandon Clint Russell, 27, and … Read more

House Oversight chairman and former Twitter employees strike deal on subpoenas in exchange for testimony | CNN Politics

CNN — House Oversight Committee Chairman James Comer has subpoenaed three former Twitter employees who will testify before the panel in relation to their investigation into Twitter’s decision to temporarily suppress a New York Post story regarding Hunter Biden’s laptop, three sources familiar with the documents tell CNN. Twitter’s former Chief Legal Officer Vijaya Gadde, … Read more

Hispanic dialysis patients face 40% higher risk of staph infection than whites, CDC says

A COVID-19 patient using a ventilator rests while his blood goes through a kidney dialysis machine (L) on the Intensive Care Unit (ICU) floor at the Veterans Affairs Medical Center on April 21, 2020 in the Brooklyn borough of New York City. Robert Nickelsberg | Getty Images Hispanic dialysis patients face a 40% higher risk … Read more

Biden to deliver State of the Union address amid high inflation and divided Congress that threaten to derail economy

WASHINGTON — If his recent speeches are any indication, U.S. President Joe Biden will likely celebrate his handling of the economy in his State of the Union address to Congress on Tuesday, citing decades-low unemployment, slowing inflation rates and robust GDP growth. But the full picture is far more complicated. The U.S. economy is in … Read more