Author: IA PressRoom

© Reuters. Investing.com — Oil prices edged higher Friday, rebounding after the previous session’s sharp losses after the White House denied a report that a nuclear deal between the U.S. and Iran was in the offering. By 08:50 ET (12:50 GMT), futures traded 0.3% higher at $71.50 a barrel, while the contract rose 0.3% to $76.18 a barrel. Both benchmarks had broken key support levels on Thursday–$70 in the case of the U.S. contract and $75 for Brent– after a report appeared on the Middle East Eye website of an interim deal that would allow the Islamic republic to legally…

Changpeng Zhao. Source: A video screenshot, Youtube/Entrepreneur MEBinance CEO Changpeng Zhao has condemned the move by the US Securities and Exchange Commission to leak employee chat records. In a letter to employees, CZ called the use of chat logs by the SEC “ridiculous,” according to a translated copy of the memo shared by Odaily Planet Daily on Thursday.”It’s ridiculous for the SEC to use this as a poster, but we’ll let the lawyers take care of it,” the crypto boss wrote.The warning follows the SEC’s recent leak of screenshotted chat logs between employees, including the company’s former compliance lead “Sam Lim” and Head…

CNN  —  The last time former President Donald Trump was indicted, his successor left the White House the next day intent on going about his schedule without wading into the matter. As Trump is indicted a second time, President Joe Biden is planning to do the same thing – an intentional demonstration of calm and normalcy amid the continuing chaos of his predecessor. He’ll probably get asked about the indictment throughout the day as he leaves the White House to visit sites in North Carolina. But there is little to suggest he’ll weigh in on the substance of the case.…

Mark Zuckerberg doesn’t seem scared of competition from Apple Inc., which introduced the Vision Pro headset last week to challenge his company’s Quest device. In an all-hands meeting Thursday, Meta Platforms Inc.’s META, +0.37% chief executive played down the significance of Apple’s AAPL, +1.55% play for the mixed-reality world, a market that prompted Facebook to change its corporate name and plunge into the field with its Quest goggles. “From what I’ve seen initially, I’d say the good news is that there’s no kind of magical solutions that they have to any of the constraints on laws and physics that our…

ZHUHAI, CHINA – MAY 26, 2023 – A XPENG X2 Model at the exhibition hall of Zhuhai Space Center in … [+] Zhuhai city, South China’s Guangdong province, May 26, 2023. The exhibition hall of the Space Center includes the latest achievements of national aerospace, aviation, national defense and other fields. (Photo credit should read Guo Dexing / CFOTO/Future Publishing via Getty Images)Future Publishing via Getty Images XPeng stock continues to underperform this year, declining by about 16% year-to-date. The stock also remains down by over 85% from its all-time highs seen in 2020. So what’s happening with the company?…

French finance minister Bruno Le Maire has said that 75 food producers have pledged to lower prices by July following weeks of pressure from the government for companies to stabilise food prices. The 75 producers committed to index prices to falling wholesale costs in a meeting on Thursday, and will also submit lists to the ministry next week of products that they will discount on the shelf in the short term, Le Maire said. “All products whose prices on the wholesale markets are falling must fall in July,” Le Maire said in an interview on BFM TV on Friday. “I’m thinking of pasta…

© Reuters KeyBanc survey data indicates weaker Apple (AAPL) iPhone sales in May KeyBanc Capital markets analysts told investors in a note Friday that “data reflects weaker Apple (NASDAQ:) iPhone sales in May, which were below normal seasonal trends.” The analysts stated that results from the firm’s May monthly carrier survey indicate US iPhone sell-through remains muted, largely in line with lowered store expectations. “Key First Look Data indicates sales of iPhones (-8% m/m, -14% y/y) were below historical seasonal trends. This likely reflects continued inflationary pressure impacts on consumer spending, partially offset by increased sales traffic from Memorial Day…

Source: Adobe Stock / photo_gonzoCircle, the US-based company behind the stablecoin USDC, has tapped former Commodity Futures Trading Commission (CFTC) chair Heath Tarbert as its new Chief Legal Officer as it pushes for more regulatory clarity in the US.In a press release, Circle said Heath Tarbert will help Circle build a bridge between traditional finance (TradFi) and web3, and that his regulatory experience will push forward the adoption of USDC across the globe.“The opportunity to welcome Heath’s expertise and leadership to our executive team is an extraordinary step in Circle’s growth as a global company,” Circle CEO Jeremy Allaire said.Tarbert,…

Mind-blowing is how legislative analysts describe New Mexico’s budget numbers, saying during a briefing Thursday that projected revenues have been outpacing previous spending at levels never seen before.Still, they warned members of the revenue and tax policy committee that some of the one-time funding will dry out, and lawmakers will have to decide whether to continue paying for health care, education and other social programs that have been expanded during the boom.Staff with the Legislative Finance Committee also reiterated that oil and gas development has been driving New Mexico’s historic numbers, and more still needs to be done to diversify…

Abeona expects BLA filing for cell therapy in Q3 as FDA requests more data