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On Dec. 11, President-elect Donald Trump announced in a Truth Social post that he has tapped Kari Lake to serve as the next director of Voice of America. Lake was a television news anchor in Phoenix for nearly three decades until she left in 2021 after making a series of controversial statements on social media, including sharing COVID-19 misinformation during the pandemic. She launched her political career a short time later, quickly building a following and national profile as she sparred with journalists and echoed Trump in her sharp criticism of what she called the “fake news.” She ran unsuccessfully as a Republican for Arizona governor in 2022 and Arizona Senator in 2024. After Trump’s announcement, many people on social media claimed they’d never heard of Voice of America before. Others asked if Trump created a new organization and position just for Lake. Recent search trends also show that “What is Voice of America?” is spiking online. Is Voice of America a new government organization? No, Voice of America is not a new government organization. Sign up for the VERIFY Fast Facts daily Newsletter! Voice of America is not new. It’s a U.S. government-funded international multimedia news organization that was founded in the 1940s. Voice of America started in 1942 as a radio broadcaster to “combat Nazi propaganda with accurate and unbiased news and information.” Congress funds the organization through the U.S. Agency for Global Media, which is a federal agency that oversees all non-military U.S. international broadcasting. Congress passed a law establishing the organization in 1976. According to Voice of America’s congressional charter , the organization is required to present objective, independent news and information to international audiences. These are the principles that govern all Voice of America broadcasts: Since it was founded more than 80 years ago, Voice of America has expanded to online, social and television platforms to share U.S. policy-centric content around the world. The organization currently broadcasts to an estimated weekly global audience of more than 354 million people in nearly 50 languages. Although Trump says he wants Lake to lead Voice of America, that role is actually appointed by the head of the U.S. Agency for Global Media, which is a position appointed by the president that requires congressional confirmation. Trump said on Dec. 11 that he plans to announce his nomination for the head of the U.S. Agency for Global Media soon. The Associated Press contributed to this report .
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Implements INDATA SaaS on a Front-to-Back Office Basis delivered via iPM Private Cloud GREENWICH, Conn. , Dec. 12, 2024 /PRNewswire/ -- INDATA , a leading industry provider of cloud-native, SaaS-based solutions for buyside firms, today announced that Paradigm Capital Management (PCM) is live with INDATA's Software-as-a-Service for Front, Middle and Back Office . With a three-decade history of small-cap investing, Paradigm Capital Management, based in Albany, NY employs a disciplined, bottom-up approach with an emphasis on fundamental analysis and extensive management contact. Paradigm manages $1.8 billion in AUM and offers a range of products including institutional separately managed accounts, proprietary mutual funds, and private wealth via hedge funds and LP's. Paradigm is using the INDATA system for a range of functions including trade order management (OMS), Portfolio Accounting , Performance and Reporting, including managed services for streamlined reconciliation. "We are very pleased to have Paradigm Capital Management as a client. We look forward to partnering with Paradigm on their ongoing needs," commented David Csiki , President of INDATA. About INDATA ® INDATA is a leading specialized provider of SaaS (Software-as-a-Service), technology and managed outsourcing services for buyside firms, including trade order management (OMS), portfolio management, compliance, portfolio accounting and front-to-back office. INDATA iPM Portfolio Architect AITM is the industry's first portfolio construction, modeling, rebalancing and reporting tool based on AI, and Machine Learning. INDATA's iPM – Intelligent Portfolio Management® technology platform allows end users to efficiently collaborate in real-time across the enterprise and contains the best of class functionality demanded by sophisticated institutional investors, wealth managers, and hedge funds. The company's mission is to provide clients with cutting edge technology products and services to increase trading and operational efficiency while reducing risk and administrative overhead. INDATA provides software and services to a variety of buyside clients including asset managers, registered investment advisors, banks and wealth management firms, pension funds and hedge funds. Assets under management range from under $1 billion to more than $100 billion across a variety of asset classes globally. For more information, visit www.indataipm.com Media Contact: David Csiki , dave@indataipm.com View original content: https://www.prnewswire.com/news-releases/paradigm-capital-management-live-with-indata-302330839.html SOURCE INDATAAshton Kutcher-backed fintech Brigit nears $460 million sale to Upbound, sources say
Europe's main stock markets were little changed Thursday despite interest rate cuts by the eurozone and Swiss central banks as policymakers warned of economic and political woes in the region and beyond. Wall Street shares pulled back a day after the tech-heavy Nasdaq topped 20,000 points for the first time. The Paris CAC 40 index ended the day flat while the Frankfurt DAX added 0.1 percent after the European Central Bank (ECB) cut its interest rates by 25 basis points, marking its third consecutive reduction and fourth this year overall. ECB President Christine Lagarde said policymakers discussed political "uncertainty" in Europe and the United States before deciding on the cut. She mentioned "political situations in some of the member states" and the US presidential election won by Donald Trump. Lagarde warned that the eurozone economy was "losing momentum" and that "the risk of greater friction in global trade could weigh on euro area growth". Earlier, the Swiss National Bank surprised markets with a 50-basis-point reduction in its rate, citing slowing inflation and uncertainty over the impact of Trump's economic policies and Europe's political upheaval. The franc fell against the dollar and the euro following the announcement. With growth still weak and France and Germany in political crises there have been calls for the ECB to move faster. Germany is heading towards early elections in February following the collapse of Chancellor Olaf Scholz's coalition government as Europe's biggest economy falters. In France, President Emmanuel Macron is due to appoint a new prime minister after MPs toppled the government of Michel Barnier last week. Sylvain Broyer, an economist at S&P Global Ratings, said Europe was suffering from "a real crisis of confidence whose roots run deep and go beyond economic factors". "The ECB must react and speed up the pace of rate cuts, unless low confidence derails the nascent recovery and jeopardizes the return to price stability," he said. Investors are also focused on the US Federal Reserve's own interest rate decision next week. Consumer inflation data on Wednesday was in line with expectations as it inched slightly higher in November to 2.7 percent. But figures on Thursday showed US wholesale inflation also ticked higher in November. Nonetheless, futures markets continued to show high confidence the Fed will still cut interest rates next week. But there are concerns that measures pledged by Trump to slash taxes and regulations and ramp up tariffs could reignite price increases. In Asia, Hong Kong and Shanghai rallied amid hopes that leaders in China will unveil more help for the economy, which is struggling under the weight of weak consumer spending and a chronic property crisis. Tokyo gained more than one percent on a weaker yen. New York - Dow: DOWN 0.5 percent 43,014.12 (close) New York - S&P 500: DOWN 0.5 percent at 6,051.25 (close) New York - Nasdaq Composite: DOWN 0.7 percent at 19,902.84 (close) London - FTSE 100: UP 0.1 at 8,311.76 (close) Paris - CAC 40: FLAT at 7,420.94 (close) Frankfurt - DAX: UP 0.1 percent at 20,426.27 (close) Tokyo - Nikkei 225: UP 1.2 percent at 39,849.14 (close) Hong Kong - Hang Seng Index: UP 1.2 percent at 20,397.05 (close) Shanghai - Composite: UP 0.9 percent at 3,461.50 (close) Euro/dollar: DOWN at $1.0468 from $1.0496 on Wednesday Pound/dollar: DOWN at $1.2669 from $1.2751 Dollar/yen: UP at 152.68 yen from 152.45 yen Euro/pound: UP at 82.59 from 82.31 pence West Texas Intermediate: DOWN 0.4 percent at $70.02 per barrel Brent North Sea Crude: DOWN 0.2 percent at $73.41 per barrel burs-jmb/dwAI-artist creates ‘realistic’ image of teenage Virgin Mary before she gave birth to Son of God using Shroud of Turin