HSBC to disband US unit serving small and medium-size businesses, WSJ reports
May 30 (Reuters) - HSBC (HSBA.L), opens new tab is disbanding a division that serves small and medium-size companies in the U.S. affecting roughly 4,500 clients, the Wall Street Journal reported, opens new tab on Friday.
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Daily Mail
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BREAKING NEWS Travis Kelce's managers make career-defining move for the Chiefs star's life after football
Travis Kelce 's managers, brothers Andre and Aaron Eanes, have sold their A&A Management organization to film and television company 3 Arts Entertainment. The Eanes brothers announced the news on social media on Monday with 3 Arts now explanding into the sports world through the two brothers, who will continue to represent Kelce via A&A Management. Financial details of the acquisition were not revealed. And while their remit is now to grow 3 Arts' presence in the sporting world, the move also sees Kelce's represenatatives align closely with the film and television industry - one the three-time Super Bowl winner himself sees a future in. The Chiefs star, 35, has made no secret of his desire to explore an acting career once his playing days are over and he has already appeared in the TV series Grotesquerie, as well as hosting a quiz show on Amazon. Kelce has also filmed a cameo role in Happy Gilmore 2, which is going to be released later this year. 3 Arts, meanwhile, is majority owned by Lionsgate and recently oversaw the production of Oscar-winning film American Fiction. 'Athletes and talent today are more than just one thing — they're entrepreneurs, brands and leaders,' Aaron Eanes said in a press release on Monday. '3 Arts' expertise in talent management and production, combined with our expertise in brand building and sports, gives our clients the resources and guidance they need to thrive in today's changing marketplace. 'Together, our shared vision is to empower talent to maximize their impact, wherever their ambitions take them.' Kelce has yet to respond to the news himself but his mother Donna liked the post on social media that the two brothers made to announce their news.
Daily Mail
an hour ago
- Daily Mail
Trump slams 'third rate reporter' who said president hates Harvard because he was rejected by Ivy League school
Donald Trump became the latest member of The First Family to refute claims made by 'third rate reporter' Michael Wolff theorizing why the president is taking on Harvard University. First Lady Melania took the rare step of issuing a public denial to the 'completely false' rumor that Barron had been denied entry to the school, leading the president to go all in on his war on the Ivy League institution. She insisted through her communications director Nicholas Clemens that 'any assertion that he, or that anyone on his behalf, applied is completely false.' On Thursday, however, Wolff made the assertion that President Trump himself 'didn't get into Harvard,' therefor forming a lifelong grudge. He told The Daily Beast Podcast: 'So one of the Trump things is always holding a grudge against the Ivy Leagues.' Trump - who attended University of Pennsylvania 's Wharton School of Business - took to Truth Social to continue his long-running feud with Wolff and refute the claims. 'Michael Wolff, a Third Rate Reporter, who is laughed at even by the scoundrels of the Fake News, recently stated that the only reason I'm 'beating up' on Harvard, is because I applied there, and didn't get in. That story is totally FALSE, I never applied to Harvard,' Trump said. Trump then added that he graduated from Pennsylvania, itself an Ivy League school, and took another couple of whacks at the author. 'He is upset because his book about me was a total 'BOMB.' Nobody wanted it, because his 'reporting' and reputation is so bad!' The White House - which has previously referred to Wolff as a 'lying sack of s***' - also trashed the claims. 'The Daily Beast and Michael Wolff have lots in common—they both peddle fake news for clickbait in a hopeless attempt to amount to something more than lying losers,' White House spokesperson Taylor Rogers said. 'The President didn't need to apply to an overrated, corrupt institution like Harvard to become a successful businessman and the most transformative President in history.' Wolff previously spread gossip President Trump had set his sights on destroying the prestigious university because his 19-year-old son was rejected from the school. 'That exists because I reported that was the joke within the White House,' he said about Melania's statement. Three weeks ago, Wolff took to Instagram to share the 'joke going around the White House this week.' 'What do all the universities Trump is targeting have in common?' he asked. 'Barron didn't get into them.' Trump took to Truth Social to continue his long-running feud with Wolff - who has written several books alleging insider information about the Trump White House - and refute the claims Barron is a freshman at NYU's lauded Stern Business School, and Trump has repeatedly said his son was accepted to several colleges but had his heart set on NYU. Wolff admitted that he wasn't sure if the rumor had any validity, but that hasn't stopped it from spreading like wildfire within the White House. 'I don't know if there is any truth to this, there very well might be, but within the White House, that is the joke,' he said. 'Because they're like, "What is he doing?" This is, you know, this is crazy stuff,' Wolff said about Trump's rage at the Ivy league school. '"Why would this be happening?" And then they tell the Barron joke.' Harvard has a notoriously high rejection rate with about 96% of applicants being told no. The revelation comes as Trump continues his tirade against Harvard by banning the attendance of foreign students. He also canceled the federal government's remaining contracts, which are worth about $100 million. When President Trump launched his first broadside against Harvard in April, canceling a massive round of federal funding after the university wouldn't bow to his demands, the internet was rife with speculation he was angry because his son wasn't admitted. 'Did Trump target Harvard because the university rejected Barron?,' read several posts on social media. Even a Democratic senator stoked the fires of speculation with a tweet on the matter. It's the latest salve in a long-running feud between Trump and Wolff, an author best known for his tell-all about the Trump administration, Fire and Fury. Wolff has written a new book chronicling the 2024 Trump campaign. Some of the more salacious passages include Trump seeing Elon Musk jumping up and down at his Pennsylvania rally and reportedly asking: 'What the f*** is wrong with this guy? And why doesn't his shirt fit?' Wolff also accuses Trump of engaging with conspiracy theories about Michelle Obama's gender; praising O.J. Simpson's 'Dream Team' of lawyers and profanely insulting his own. Despite White House Communications Director Steven Cheung already slamming Wolff as a 'lying sack of s***' Trump responded himself in a lengthy post on Truth Social Sunday night. 'So-called ''Author'' Michael Wolff's new book is a total FAKE JOB, just like the other JUNK he wrote,' he said, referring to his three previous books about Trump. Trump claims that he 'never called [Wolff] back' despite his attempts 'many times trying to set up a meeting' because he didn't want to give him any credibility. 'Others in the Administration were also called, they reported his calls, and likewise, did not talk to him,' he added. Trump believes he may have been able to speak 'to a small number of people, but not meaningfully' for the new book. 'His other books about me have been discredited, as this one will be also. I am one who believes in commenting about FAKE NEWS, or made up stories, even if you have to ''punch low,'' and shouldn't be wasting the time required to do so,' he said. Trump then went on to count his various recent victories, saying he'd had the greatest election and 'perhaps the greatest first month EVER.' He added that Wolff only wants to discuss negative and, in Trump's words, false things about him and his administration. 'He mentions the people that surrounded me during the Election, and in many cases now, in derogatory terms, but they couldn't have been that bad because here I am in the White House, refusing to take his calls,' Trump said. Trump accuses Wolff of faking his sources and that if they are real, 'let them be revealed.' The president concluded: 'Watch, it will never happen. He is FAKE NEWS, a total LOSER, and no one should waste their time or money in buying this boring and obviously fictitious book!'
Reuters
an hour ago
- Reuters
Dollar holds near six-week low as trade war wears on US economy
TOKYO, June 3 (Reuters) - The dollar fell to a six-week low on Tuesday on signs of fragility in the U.S. economy because of damage from the trade war President Donald Trump's administration is waging. While global equity markets have broadly recovered in the wake of the on-again, off-again saga of Trump's tariff threats, the greenback remains firmly on its back. Factory and jobs data in the United States in the coming days may give further signs of the toll that trade uncertainty is wreaking on the world's biggest economy. U.S. duties on imported steel and aluminum are set to double to 50% starting on Wednesday, the same day the Trump administration expects countries to submit their best offers in trade negotiations. "What this whole dynamic is basically saying is trade tensions are not really improving in that regard, and we've seen the dollar getting hammered widely," said Rodrigo Catril, senior FX strategist at National Australia Bank. "Interestingly, the Aussie and the kiwi have been the good performers this time around." The dollar index , which measures the U.S. currency against six major peers, was little changed after touching 98.58, the lowest since late April, when it fell to a three-year trough. The greenback was at 142.71 yen , near a one-week low. The euro was barely changed at $1.1446 after briefly touching a six-week high of $1.1454. Later in the week, the focus will be on the European Central Bank's interest rate decision and subsequent outlook. New Zealand's kiwi dollar added 0.1% to $0.6045 , a new high for the year. The Australian dollar was little changed at $0.64951 . The dollar index sank 0.8% on Monday after data showed U.S. manufacturing contracted for a third month in May and tariff snarls meant suppliers took longer to deliver goods. Attention now turns to U.S. factory order numbers on Tuesday, along with jobs figures due later in the week. The dollar got some respite last week, rising 0.3% after trade talks with the European Union got back on track and a U.S. trade court blocked the bulk of Trump's tariffs. An appeals court reinstated the duties a day later, and Trump's administration said it had other avenues to implement them if it loses in court. Fiscal worries have also given rise to a broad "sell America" theme that has seen dollar assets from stocks to Treasury bonds dropping in recent months. Those concerns come into sharp focus this week as the Senate starts considering the administration's tax cut and spending bill, estimated to add $3.8 trillion to the federal government's $36.2 trillion in debt over the next decade.
