Author: IA PressRoom

CNN  —  Even before former President Donald Trump was indicted this week over his alleged mishandling of classified documents, Bobbie Kilberg was in the “Never Trump” camp. And the veteran Republican fundraiser worries that Florida Gov. Ron DeSantis – given his public feuding with Disney, one of his state’s largest employers – might prove too “polarizing” to capture the White House in the end. So Kilberg – who has spent decades raising money for GOP presidential contenders – has thrown her support behind former New Jersey Gov. Chris Christie, a longtime friend who entered the 2024 race this week. Although…

“‘I think there’s a chance that them coming in actually increases demand for the overall space and that Quest 3 is actually the primary beneficiary of that.’” — Meta CEO Mark Zuckerberg That was Meta Platforms Inc. META, +0.14% CEO Mark Zuckerberg discussing the announcement of Apple Inc.’s AAPL, +0.22% new Vision Pro headset during an interview with podcaster Lex Fridman on Thursday. Apple’s headset, which won’t debut until 2024, is set to challenge Meta’s Quest product, but Zuckerberg said that Apple’s foray into the space may actually help his company. “The $3,500 price, on the one hand I get…

Source: lemontreeimages/AdobeChinese charities are now accepting digital yuan donations, with the nation’s CBDC also breaking new ground in the world of corporate loans.Per the media outlet WXRB, the coastal province of Jiangsu has welcomed its first “online corporate and personal digital yuan donations platform.”At a ceremony held earlier this week, the state-run commercial bank the Agricultural Bank of China made a CBDC donation to the Wuxi Charity Federation.The federation provides support for local welfare projects.These include education and healthcare support.The Agricultural Bank “directly donated” just over $21,000 in digital yuan to “Golden Key,” the federation’s scholarship project.Donors receive a digital…

Even as prosecutors publicly unveiled a deep and detailed array of evidence against former President Donald J. Trump in the documents investigation on Friday, they suffered a potential setback with the surprise assignment of the case to Judge Aileen M. Cannon.Judge Cannon, 42, a Trump appointee in Florida, shocked legal experts across ideological lines last year by intervening in the investigation and issuing rulings favorable to Mr. Trump, only to be rebuked by a conservative appeals court.The chief clerk of court for the Southern District of Florida has said that new cases there are randomly delegated to its judges even…

SlavkoSereda/iStock via Getty Images Crude oil prices failed to sustain their initial lift following Saudi Arabia’s decision to cut production, but Goldman Sachs’ Jeff Currie sees the move eventually prompting a draw in crude inventories, sending prices into the low $90s before the end of the year. “You’re going to be seeing substantial physical inventory draws because of these OPEC production cuts, particularly in the third and fourth quarter, [which will] push us up into the low $90s,” Currie told Bloomberg this week. Higher interest rates have made it too expensive to keep oil in storage, and investor interest likely…

Carmakers and battery producers in the UK are set to miss out from a new agreement by Rishi Sunak and Joe Biden that their countries work together on electric vehicle supply chains, according to trade experts and official documents. As part of the “Atlantic declaration” announced in Washington on Thursday, the US and UK will work towards a deal allowing critical minerals, such as lithium, that are mined or processed in the UK to count towards “local content” requirements for battery vehicles made in the US. Under the Inflation Reduction Act, consumers buying an electric vehicle can claim $7,500 in tax credits…

© Reuters. FILE PHOTO: Elon Musk’s photo is seen through a Twitter logo in this illustration taken October 28, 2022. REUTERS/Dado Ruvic/Illustration/ (Reuters) -Twitter will soon begin paying verified content creators for ads in their replies, with the first payment block of around $5 million, company owner Elon Musk said on Friday. “Note, the creator must be verified and only ads served to verified users count,” Musk, the billionaire who bought Twitter last October, said in a tweet. Since Tesla (NASDAQ:) CEO Musk acquired Twitter, the platform has struggled to retain advertisers, who have been wary about the placement of…

© Reuters. FILE PHOTO: An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake By David Shepardson WASHINGTON (Reuters) – American Airlines (NASDAQ:) and JetBlue Airways (NASDAQ:) asked a U.S. judge late Friday to allow them to continue mutual frequent flyer recognition and codeshare arrangements. U.S. District Judge Leo Sorokin ruled on May 19 that the airlines must end their Northeast Alliance (NEA) they used to coordinate flights and pool revenue finding the arrangement means higher prices for consumers and ordering the companies to part ways…

Democratic Kansas Gov. Laura Kelly has named Drug Enforcement Administration Inspection Division head Erik Smith as the state’s next highway patrol superintendent.Smith’s predecessor, Herman Jones, retired amid sexual harassment allegations and federal lawsuits over policing practices.Smith, an Ellsworth, Kansas native, will take office on July 7. Until then, Lt. Col. Jason DeVore will head the department.The Kansas governor chose a high-ranking U.S. Drug Enforcement Administration official Friday to head the state highway patrol, replacing a retiring superintendent who is facing federal lawsuits over the agency’s policing and allegations that he sexually harassed female employees.Gov. Laura Kelly’s appointment of Erik Smith…

Democrats in the House and Senate pushed a new bill Friday that would overhaul the debt-ceiling process, the Wall Street Journal reported. The move was timed to capitalize on anxiety over what has become regular brinkmanship using the country’s borrowing limit to try to push other agendas. Backers of the new bill argue that using the full faith and credit of the U.S. as leverage is irresponsible and tantamount to taking the U.S. economy hostage, the Journal report said. Late last month, President Joe Biden and his political rival, House Speaker Kevin McCarthy, hammered out an agreement and made sure the…