MMN Editor

“Thai Union doubled down on a campaign to squeeze out every drop of value that it could,” creditors said

SoftBank Group plunged, leading a broad selloff in Asian technology stocks amid mounting concerns over the rising cost of artificial intelligence infrastructure. 

Oil extended declines on Friday, with markets focused any further breakthroughs in the Middle East conflict, while digesting a flurry of news from the region.

“The technical work has started, and we hope to be there soon,” IAEA chief Rafael Grossi said at a news conference in Japan on Friday.

In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.

Private credit may use its sizable amount of “dry powder” to combat potential financing market dislocations in this sector, according to Goldman Sachs.

House Democrats offered sharply different takes Wednesday after a surge in socialism proved victorious in the Democratic Party when three far-left candidates swept the floor in key races in New York’s primary elections.The new wave of socialist candidates, who were backed by the Democratic Socialists of America, beat out moderate Democrats in Tuesday night’s race has fueled mixed reactions from lawmakers over whether these new ideals will be at the center of the entire Democratic Party.”It’s sort of dismissed as a fluke or an outlier, but whenever more moderate Democrats win, people say that that’s a blueprint for Democrats to continue winning,” Rep. Ayanna Pressley, D-Mass., said when asked about what the streak of progressive wins means for the Democratic Party.She continued, “So people should take heed.”RISING SOCIALIST STARS ON TRACK TO CONGRESS: WHO ARE DARIALIZA AVILA CHEVALIER, BRAD LANDER AND CLAIRE VALDEZ?Other Democrats quickly distanced themselves from the far-left movement, or at least the socialist identity.”I’m a capitalist, not a socialist,” Rep. Thomas Suozzi, D-N.Y., told Fox News Digital. “And I believe in safety, not lawlessness. And I’m proud of America. I’m not ashamed of America.” Rep. Gregory Meeks, D-N.Y., struck a similar note.”Now for me, you know, I believe in capitalism, so I’m not a socialist,” Meeks said. “So I don’t know whether that’s an issue or not.”The debate comes as New York City’s socialist Mayor Zohran Mamdani dominated in the primaries as he endorsed three candidates — Darializa Avila Chevalier, Brad Lander and Claire Valdez — who won their key races by promoting the same socialist agenda Mamdani has in their campaigns.FAR-LEFT SURGE: MAMDANI-BACKED CANDIDATES OUST DEM ESTABLISHMENT INCUMBENTSSome Democrats attribute the trend of far-left progressive voting to only being popular in a place like New York.”I think what happens in New York City is sort of just what happens in New York City,” Rep. Joseph Morelle, D-N.Y. said. “I don’t think it’s necessarily an indication of anything outside New York City. Their politics is somewhat unique.”Progressive Democrat Rep. Pramila Jayapal, D-Wash., agreed with Pressley that the election results in New York indicate a larger movement within their party.”Fabulous energy, momentum, giant repudiation of special interests, including the impact of others,” Jayapal said when asked how she feels about the election results. She continued, “And real energy for us to continue to turn out young people and make sure that we’re getting everyone voting and committed to a government that actually works for working people.The divide shows a broader ongoing debate within the Democratic Party over whether far-left ideology will take over as the blueprint for the party, and whether these progressive campaigns can be a legitimate roadmap to national success for the party. NY DEM SAYS HE ‘DISAGREES’ WITH MAMDANI, MAKES COMPARISON TO TRUMPSuozzi used economic concerns as an example of needing to find some middle ground between extremes in both parties — calling for people to focus on solutions to better the lives of Americans rather than working to dismantle entire systems.”They’re saying ‘the whole system sucks, let’s tear it down,’” Suozzi said. “I don’t believe that’s the right answer. I believe that we, those of us that disagree with the DSA and those of us who disagree with MAGA, have to do a better job of saying, ‘Yes, you have reasons to have economic insecurity. We understand that.’” “We have to do a better job of understanding, saying that we understand what people are going through and proposing solutions that will make their lives better,” he said.Pressley argued Democrats should embrace the momentum she believes the New York results represent, saying voters want leaders willing to aggressively pursue their agenda.”What the American people want to see right now and going forward is that we know how to be the fighters in the room and that when we have the power, we’re not afraid to use it,” Pressley said.