Xin Hua Fund Management has been reprimanded by China’s central bank for submitting inaccurate financial data and failing to rectify the issue in a timely manner, in a rare public rebuke of a mutual fund firm over compliance lapses. The Chongqing branch of the People’s Bank of China summoned the firm for regulatory talks, according to a statement on its website, ordering it to strengthen oversight...
Xin Hua Fund Management has been reprimanded by China’s central bank for submitting inaccurate financial data and failing to rectify the issue in a timely manner, in a rare public rebuke of a mutual fund firm over compliance lapses. The Chongqing branch of the People’s Bank of China summoned the firm for regulatory talks, according to a statement on its website, ordering it to strengthen oversight of raw data quality and improve its financial reporting practices. During the meeting, regulators...
Meteorologists Warn About Super El Nino Event Weather forecasters are sounding the alarm about what could become a "super" El Niño event, potentially one of the strongest on record. "Strongest El Niño on record this year?!" meteorologist Ben Noll wrote on X. Noll said the latest ECMWF outlook indicates a 75% chance of a super El Niño by October, with "some scenarios suggesting the most intense eve...
Meteorologists Warn About Super El Nino Event Weather forecasters are sounding the alarm about what could become a "super" El Niño event, potentially one of the strongest on record. "Strongest El Niño on record this year?!" meteorologist Ben Noll wrote on X. Noll said the latest ECMWF outlook indicates a 75% chance of a super El Niño by October, with "some scenarios suggesting the most intense event in more than a century." Strongest El Niño on record this year?! New ECMWF guidance shows a *75% chance of a super El Niño* by October, with some scenarios suggesting the most intense event in more than a century. It will bring wide-reaching weather impacts that last into 2027 🧵 pic.twitter.com/cRZrxGCxAa — Ben Noll (@BenNollWeather) April 6, 2026 Noll said, "El Niño forming by May, potentially becoming strong by August — new ECMWF seasonal modeling." Latest El Niño odds: 22% chance of a super El Niño by August 80% chance of a strong event 98% chance of a moderate event El Niño forming by May, potentially becoming strong by August — new ECMWF seasonal modeling. By the numbers: • 22% chance of a super El Niño by August • 80% chance of a strong event • 98% chance of a moderate event That's according to data from 50 ensemble members. pic.twitter.com/LDOogrRcEC — Ben Noll (@BenNollWeather) March 6, 2026 Meteorologist Ryan Maue noted: New maps causing meteorologists to lose their minds in disbelief at massive heat build-up in the Equatorial Pacific The oceans will not literally be boiling red 🔴 in the early autumn, but the Super El Niño will drive unprecedented global extreme weather events. pic.twitter.com/cEAmGIHuFI — Ryan Maue (@RyanMaue) April 7, 2026 Impacts for agri traders: As we get into the middle/end of the growing season, the influence of a Super El Niño will need to be monitored going forward in all outlooks. Check out the SST Anomalies for August! Come chat with us about this as we continue to tweak summer outlooks: https://t.co/FOJHGVeXkc pic.twitter.com/GgTB4XX...
Taxes on Social Security benefits have become a hot-button issue. Originally, Social Security benefits were not taxed. However, in the 1980s and 1990s, lawmakers imposed new taxes on up to 50% or up to 85% of benefits, depending on income. These taxes originally hit only high earners, but the thresholds when they kicked in were not indexed to inflation . The result is that a growing number of reti...
Taxes on Social Security benefits have become a hot-button issue. Originally, Social Security benefits were not taxed. However, in the 1980s and 1990s, lawmakers imposed new taxes on up to 50% or up to 85% of benefits, depending on income. These taxes originally hit only high earners, but the thresholds when they kicked in were not indexed to inflation . The result is that a growing number of retirees owe taxes on their Social Security benefits. President Trump pledged to eliminate these taxes, and when the One Big Beautiful Bill Act passed with a new senior deduction included, he declared victory. The reality of the situation is different, though. Over 2.5 million Social Security retirement benefit recipients don't qualify for any tax relief from the president's plan -- and that's not including many retirees who aren't eligible because they have a high income. Continue reading
Hakeem Jeffries, the House Democrat leader, will use pro forma session to try to pass measure requiring president to withdraw US forces from Middle East Hello and welcome to the US politics live blog. Democratic party leaders have vowed to renew the effort to curb Donald Trump’s war in Iran after several days of escalating tactics that culminated in a temporary ceasefire. After a private meeting a...
Hakeem Jeffries, the House Democrat leader, will use pro forma session to try to pass measure requiring president to withdraw US forces from Middle East Hello and welcome to the US politics live blog. Democratic party leaders have vowed to renew the effort to curb Donald Trump’s war in Iran after several days of escalating tactics that culminated in a temporary ceasefire. After a private meeting at the White House with Mark Rutte, the Nato secretary general, Donald Trump seemed to renew his threats against the defensive military alliance for not helping fight the US-Israeli war on Iran, and hinted he could again try to seize Greenland from Nato member Denmark. Before Trump stepped into his meeting with the Nato secretary-general, and as the ceasefire with Iran seemed to be falling apart on its first day, the president found time to continue a social-media feud with his former ally Marjorie Taylor Greene . Speaking to reporters in Hungary, the US vice-president, JD Vance , claimed not to recognize the name of the Vatican ambassador to the US when he was asked about reports that a Pentagon official had reprimanded that Catholic diplomat, Cardinal Christophe Pierre , over the American-born pope’s opposition to US militarism. At a Pentagon press conference, Pete Hegseth said that Iran “begged for this ceasefire”, and claimed that Operation Epic Fury “decimated” Iran’s military. The US justice department announced that the FBI arrested Courtney Williams , a military veteran who later worked in support of Delta Force, a covert commando unit, after she was indicted for “alleged transmission of classified national defense information to individuals not authorized to receive it, including a journalist”. Trump, who announced with some fanfare last year a doubling of tariffs on imported steel, plans to use tens of millions of dollars worth of donated foreign steel to build his $400m White House ballroom, the New York Times reported . Continue reading...