Bence Gaál Wednesday, October 3, 2018, 11:00 U.S. Ambassador to Hungary David B. Cornstein announced that the U.S. governmentʼs Future Leaders Exchange (FLEX) program now accepts applications from Hungarian high school students for its one-year study scholarships to study in a U.S. high school, according to a press release sent to the Budapest Business Journal. "I’m excited to announce that we are expanding the FLEX program to Hungary," said Cornstein. "This program is a fantastic opportunity for talented Hungarian high school students to study and live in the United States for one year." The FLEX program, fully funded by the U.S. Department of State, has provided scholarships to more than 27,000 secondary school students from 20 different countries in the last 26 years. At the moment, 922 students are studying in the U.S. on the FLEX program. The programʼs aim is promoting respect for cultural diversity and friendship between the United States of … [Read more...] about U.S. extends FLEX scholarships to Hungary
U s mutual funds
The U.S. Congress and President Donald Trump have moved to block funding for an international military surveillance treaty, prompting a sharp reaction from Russian officials. U.S. lawmakers, accusing Russia of not complying with the Open Skies Treaty, included a provision to suspend funding for carrying out the treaty in a $717 billion national defense bill that Trump signed into law on August 13. That prompted some Russian officials on August 14 to accuse the United States of breaking the treaty, which since 2002 has allowed 34 signatory nations to send unarmed observation flights over one another's territory. Some Russian legislators even charged that Washington is secretly trying to build up its weapons programs. Under the new U.S. law, funding may be restored only after the Trump administration certifies that Russia is in "complete compliance with [its] obligations" under the treaty. Washington has accused Moscow of violating the treaty by recent cutting the number of air bases … [Read more...] about Russian Officials Denounce U.S. Move To Suspend Funding For Treaty
In the investing world, there's no such thing as a free lunch. But that all changed last week, when Fidelity Investments, the mutual fund and brokerage giant, launched two stock index funds with zero expenses. To be clear, this is a unique thing in the financial industry. It costs a firm money to operate a fund, which includes costs for things like office space, employee salaries, trading, regulatory filings and legal expenses. Fidelity is the first major fund manager willing to absorb these costs for two of its index funds. The new zero-cost funds mean that investors in these funds will experience the same returns as provided by the broad range of stocks that make up the index, without any loss of returns because of fees. The two new funds are the Fidelity Zero Total Market Index Fund (FZROX) and the Fidelity Zero Internal Index Fund (FZILX.) The total market index fund seeks to provide the investment returns of the broad market of U.S. stocks. The International index fund … [Read more...] about Fidelity offers new zero-cost mutual funds – should you switch?
WASHINGTON -- The United States announced a formal policy reaffirming its rejection of Russia's annexation of Ukraine's Crimea Peninsula, with Secretary of State Mike Pompeo blasting Moscow for seeking “to undermine a bedrock international principle shared by democratic states.” Pompeo's announcement July 25, released an hour before his scheduled testimony to the Senate Foreign Relations Committee, followed recent conflicting remarks by President Donald Trump and administration officials about whether Washington was moving to reverse a policy in place since Russia's seizure of the Black Sea peninsula in 2014. “The United States reaffirms as policy its refusal to recognize the Kremlin’s claims of sovereignty over territory seized by force in contravention of international law,” said Pompeo’s statement, titled the Crimea Declaration. “In concert with allies, partners, and the international community, the United States rejects Russia’s … [Read more...] about U.S. Issues ‘Crimea Declaration’ Rejecting Russia’s Annexation
Bitcoin fell for a third day, slipping below $8,000, after the U.S. Securities and Exchange Commission rejected a request to list an exchange-traded fund run by Tyler and Cameron Winklevoss.The declines have halted Bitcoin’s July rally, which had powered up the world’s biggest cryptocurrency by more than 30 percent after its plunge earlier this year while buoying sentiment across the digital-coin market.On Thursday, the U.S. again turned down the Winklevoss ETF, saying the Cboe Global Markets Inc. platform that would have listed the Bitcoin fund failed to prove that the underlying market was “resistant to manipulation.”The drop also coincided with a signal of lost momentum that some traders consider to be bearish, the first such indication since the token’s historic surge in December.“Some would certainly argue this is bearish,” said Craig Erlam, senior market analyst at online trading firm Oanda Corp. in London. “This … [Read more...] about Bitcoin Drops as U.S. Rejects Winklevoss ETF for Cboe Trading