Author: IA PressRoom

Michael M. Santiago U.S. stocks on Friday pulled back from their gains, as heavyweight technology names gave up some their advance. Wall Street’s benchmark gauge in the previous session pushed into bull market territory, with the focus now turning to a big week ahead. By mid-day, the tech-heavy Nasdaq Composite (COMP.IND) was marginally higher by 0.03% to 13,242.96 points, as shares of Tesla (TSLA), Adobe (ADBE) and Netflix (NFLX) rose. The S&P 500 (SP500) was up 0.03% to 4,295.37 points. The index on Thursday officially exited its longest bear-market run since the 1940s. The blue-chip Dow (DJI) slightly underperformed the…

Apple held its WWDC conference this week, where its Vision Pro headset was unveiled. While it received a lot of buzz, so did a surprising guitar solo from Apple exec Craig Federighi. Federighi demonstrated his guitar skills again during an interview this week.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Apple’s new Vision Pro mixed-reality headset was a highly anticipated moment at the company’s Worldwide Developers Conference on Monday. But a guitar solo from one Apple executive during the livestream may have stolen…

The White House released new details of what it said was deepening co-operation between Russia and Iran on military drone production, including the supply route Iran uses to send its unmanned aerial vehicles to the front lines in Ukraine and the site of a possible Russian factory to produce them.The information is part of a steady stream of declassified intelligence about military ties between Moscow and Tehran, as Washington seeks to ramp up the pressure on Russian President Vladimir Putin over his war in Ukraine and starve him of military hardware. “The drones are built in Iran, shipped across the Caspian Sea,…

3/3 © Reuters. Signage is seen at the Merck & Co. headquarters in Kenilworth, New Jersey, U.S., November 13, 2021. REUTERS/Andrew Kelly/ 2/3 (Reuters) – Pandemic-related disruptions to global supply chains and the effects of Russia’s war in Ukraine have driven up prices of energy, commodities and other necessities. Here’s how governments are trying to help hard-hit consumers and companies: AMERICAS: * U.S. President Joe Biden’s drug pricing reform, part of the Inflation Reduction Act, penalises drugmakers for excessive prices, aiming to reduce out-of-pocket costs for Medicare recipients. The program has been challenged in court by drugmaker Merck & Co.…

© Reuters. FILE PHOTO: People walk by a Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. REUTERS/Andrew Kelly By Brendan Pierson (Reuters) -Walgreens Boots Alliance has agreed to pay $500 million to New Mexico to settle claims that its pharmacies helped fuel opioid addiction in the state by failing to stop illegal pill sales, lawyers for the state announced on Friday. The settlement, the largest obtained by New Mexico against a single company over opioids, came after a non-jury trial last year in the state’s lawsuit against the company. The judge…

Source: AdobeStock / JHVEPhotoGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Security newsGoogle Cloud announced that its new Cryptomining Protection Program offers up to $1 million for cryptomining attacks. “The service covers unauthorized Google Cloud compute expenses associated with undetected cryptomining attacks for Security Command Center Premium customers, said the announcement. “The maximum amount of credits issued under this program to any customer will not exceed $1 million USD in any 12-month period,” it added.Regulation newsThe European Union’s landmark Markets in Crypto Assets (MiCA) law was published…

© Reuters. WASHINGTON (Reuters) – The United States has charged two Russian nationals in the hack of collapsed cryptocurrency exchange Mt. Gox and in the operation of the illicit crypto exchange BTC-e, the Justice Department said on Friday. The department said in a statement that Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, were charged with conspiring to launder approximately 647,000 bitcoins from their hack of Mt. Gox, which collapsed in 2014 after losing half a billion dollars worth of the cryptocurrency. Bilyuchenko was also charged with conspiring with another individual to operate BTC-e from 2011 to 2017, the Justice Department…

James G. Watt, who as President Ronald Reagan’s first Interior secretary tilted environmental policies sharply toward commercial exploitation, touching off a national debate over the development or preservation of America’s public lands and resources, died on May 27 in Arizona. He was 85.His son, Eric Watt, confirmed his death in a text message on Thursday but declined to cite a cause.After taking office in 1981, Mr. Watt was asked at a hearing of the House Interior Committee if he favored preserving wilderness areas for future generations. He had been picked by Reagan from a Denver legal foundation that had often…

People aged 65 and older are the fastest-growing group of people who are homeless and their ranks will peak by 2030. This daunting forecast comes amid escalating rents nationally, stubborn inflation and a potential recession that compounds woes for baby boomers who have minimal savings for retirement. It also comes as traditional workplace pensions are increasingly rare and workers must rely on the savings they have accumulated through their working lives. About 27% of people who are 59 or older have no retirement savings, according to a survey from Credit Karma.  According to a 2019 study by University of Pennsylvania and…

Topline Tesla shares are on track Friday to post their largest daily gain in more than two months, furthering their recent meteoric rise fueled by faith in the expansion of a key alternative revenue stream that analysts predict could add billions of dollars to Tesla’s top line. Tesla’s Supercharger revenue prospects are driving its stock higher.Anadolu Agency Key Facts Tesla shares set a fresh eight-month high on Friday, jumping 6% to $249 by 10 a.m. ET, after the firm said Thursday afternoon it will open its Supercharger network to General Motors electric vehicles, coming on the heels of a similar…