Author: IA PressRoom

© Reuters. FILE PHOTO: The logo of Harley-Davidson motorcycles is seen at a dealership in Queens, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly By Aishwarya Nair and Bianca Flowers (Reuters) -Motorcycle maker Harley-Davidson (NYSE:) has temporarily halted production at its York, Pennsylvania, assembly plant for the second time in just over 12 months due to a parts shortage, the company said. Production at the facility, its largest with nearly 1,000 union employees, will resume on June 13, it noted in an emailed statement. Harley-Davidson did not specify the parts involved. Production was halted in May 2022 due to…

© Reuters. Investing.com — The Federal Reserve’s potential rate hike pause next week could just be one reason to stay bullish on gold despite choppiness in the yellow metal now, analysts at Citigroup and Commerzbank said Thursday. Gold is expected to average $1,965 an ounce in the near term, analysts at Citigroup said as they turned neutral on the yellow metal from its previous target of $1,915-$2,100. Even so, “fresh bullish legs” could emerge in the medium term, they said. Commerzbank said its assumption was that the Fed will not want to raise rates further after its pause, to avoid over-tightening of…

Source: AdobeBefore becoming head of the US Securities and Exchange Commission, Gary Gensler offered to serve as an adviser for Binance, according the crypto exchange, which is now facing heat from the regulator.In a letter directed towards the SEC’s division of enforcement, counsel for Binance and the exchanges CEO Changpeng Zhao, said Gensler should have been recused from the agency’s enforcement actions against Binance. Binance said they conveyed that about four months ago and argued that Gensler could be a “material fact witness.”“To date, the Staff has never confirmed whether Mr. Gensler has recused himself, and if he has not, the…

President Biden and Prime Minister Rishi Sunak of Britain affirmed their support for Ukraine on Thursday, pledging to continue drumming up financial and military aid for Kyiv as fighting intensifies on Russia’s front lines.Mr. Sunak, who made his first visit as prime minister to Washington and is intent on establishing a post-Brexit Britain as a competent and reliable global player, said his country would not turn away from Ukraine. That commitment comes even as both he and Mr. Biden face economic headwinds and domestic concerns about the length of the war.“There is no point in trying to wait us out,”…

Shares of Mission Produce Inc. jumped after hours on Thursday after the avocado grower reported fiscal second-quarter results that beat estimates, after lower avocado prices led to more product sold but a drop in dollar-figure sales. The company reported a net loss of $4.6 million, or 7 cents a share, contrasting with a profit of $2.4 million, or 3 cents a share, in the same quarter last year. Sales fell 20% to $221.1 million, driven lower by falling avocado prices and “robust” Mexican harvest volumes. Mexico is the world’s largest avocado producer. Adjusted earnings per share came in at 1 cent,…

UNITED STATES – NOVEMBER 18: Commodity Futures Trading Commission Chairman Gary Gensler testifies … [+] during the Senate Agriculture, Nutrition and Forestry Committee hearing on reforming the United States financial market regulations on Wednesday, Nov. 18, 2009. (Photo By Bill Clark/Roll Call/Getty Images)CQ-Roll Call, Inc via Getty Images There is a lot going on with regards to digital assets this week. The future of digital assets seems uncertain to some commentators due to legal actions taken by the Securities and Exchange Commission (“SEC”) against two leading crypto exchanges: Binance and Coinbase COIN . So, let’s try to put things in…

Britain’s windfall tax on oil and gas producers is set to be scaled back as part of efforts to boost investment in the North Sea, according to three people briefed on the government’s plans.The chancellor, Jeremy Hunt, is expected to confirm plans to introduce a “floor” on the 35 per cent levy in the coming days so that it only applies if oil and gas prices trade above a certain level. Treasury officials are due to meet the oil and gas industry on Friday at a forum in Aberdeen.The move comes after months of lobbying from the sector and as…

© Reuters Investing.com — Bank borrowing from the Federal Reserve’s emergency programs inched higher in the week ended Wednesday, with lending from the Fed’s emergency bank bailout facility topping $100 billion for the first time since April, the latest Fed data released Thursday showed. Total borrowing from the Federal Reserve rose $5.7B to $103.3B in the week ended Jun. 8. Banks borrowed an average of $3.17B from the Fed’s discount window, down from $3.97B a week earlier, the data showed. Borrowing from the Fed’s Bank Term Funding Program, the emergency lending program that was launched in March following the collapse of…

© Reuters. FILE PHOTO: The logo of Meta Platforms’ business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo By Foo Yun Chee BRUSSELS (Reuters) -EU industry chief Thierry Breton will meet Meta Platforms Chief Executive Mark Zuckerberg on June 23 and demand that he act immediately to tackle content targeting children, as Meta’s voluntary child protection code seemed not to be working. Social media platforms such as Meta’s Instagram, ByteDance’s TikTok, Snap (NYSE:)’s Snapchat and Alphabet (NASDAQ:)’s YouTube have stirred concerns among regulators and users over content targeted at young children. “#Meta’s voluntary code on child…

© Reuters. FILE PHOTO: A satellite image shows a view of the location of the Kakhovka dam and the surrounding region in Kherson Oblast, Ukraine, October 18, 2022. European Union/ Copernicus Sentinel-2 L2A/Handout via REUTERS VIENNA (Reuters) – Water from the reservoir of a breached Ukrainian dam is still being pumped to the Zaporizhzhia nuclear power plant to cool reactors and other areas, though levels are at values earlier thought to make it impossible, the U.N. atomic watchdog said on Thursday. The plant, occupied by Russia since the early days of its invasion last year, can fall back on other…