Author: IA PressRoom

Bitcoin / Source: AdobeBitcoin saw a small pop this morning on weaker-than-expected weekly initial jobless claims, rising from under $26,500 to at one point above $26,800.Claims jumped to 261,000 last week, up from 233,000 a week earlier, marking the second-highest reading of the year.While 261,000 initial claims in one week isn’t a disastrous number, it is another sign that momentum in the US labor market, which has been strong up until this point, is starting to wane.And Thursday’s jobless claims report comes after other recent US data releases have also shown cracks appearing in the US labor market.For instance, last…

North Carolina agencies and state pension plans would be prohibited from using socially and environmentally conscious criteria to make investment decisions or hire employees, under legislation that advanced Wednesday in the state Senate.The proposal, which passed the GOP-controlled House last month with some bipartisan support, would ban the use of “environmental, social and governance” standards to screen potential investments based on the company’s perceived environmental or social impacts and how its leadership is structured to support those goals.The bill advanced Wednesday through the Senate Pensions, Retirement and Aging Committee and must clear one more committee hurdle before it receives a…

Qatar’s Sheikh Jassim has made his final bid for Manchester United and will walk away from the takeover process if it isn’t accepted.   MarketWatch has learned that Sheikh Jassim submitted his fifth and final bid for Manchester United this week. As before, the bid is for 100% of the club, will clear Manchester United’s debt and has separate additional funding purely for the club’s ongoing player, infrastructure and other investment needs. The Guardian reports that Sheikh Jassim’s offer is no more than $7.5 billion. Sheikh Jassim will no longer engage with the takeover process after Friday if this latest improved bid…

The economies of the EU are in a technical recession as of the first quarter. The war in Ukraine, … [+] Russian sanctions, and EU policies against energy and food production are all to blame. (Photo by Sean Gallup/Getty Images)Getty Images The Eurozone is in a technical recession, with first quarter GDP at -0.1%. It could be worse. The Russian war in Ukraine has packed a wallop on Europe with food prices rising and energy scarcity leading to closed factories and steel mills. But the worst-case scenarios for markets never played out precisely as the bear case presumed. Inflation is…

© Reuters. FILE PHOTO: Kim Kardashian poses on the red carpet as she arrives for the Time Magazine 100 gala celebrating their list of the 100 Most Influential People in the world in New York City, New York, U.S., April 26, 2023. REUTERS/Andrew Kelly/File Photo By Emma-Victoria Farr BERLIN (Reuters) – Reality star Kim Kardashian’s arrival at a gathering of the globe’s top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry. Flanked by bodyguards, Kardashian drew a crowd of hundreds of executives at the…

© Reuters. A logo of French retailer Casino is pictured outside a Casino supermarket in Nantes, France, February 2, 2023. REUTERS/Stephane Mahe By Dominique Vidalon and Mathieu Rosemain PARIS (Reuters) – A trio of French businessmen readied on Thursday to make a new offer for debt-laden supermarket chain Casino after exclusive tie-up talks between Casino and smaller retail rival Teract collapsed. In a joint statement, telecoms billionaire Xavier Niel, investment banker Matthieu Pigasse and entrepreneur Moez-Alexandre Zouari said they were prepared to invest their funds in Casino to find a lasting solution to the group’s financial woes. This new money…

Source: Securities and Exchange Commission websiteSecurities and Exchange Commission Chair Gary Gensler laid into the crypto industry on Thursday, arguing that it is possible for exchanges to register with the agency, despite platforms’ assertions that they tried to do just that. “I disagree with the notion—and recent history disproves it—that crypto intermediary compliance isn’t possible. I do recognize—and, again, think it’s appropriate—that it takes work,” Gensler said on Thursday in prepared remarks at the Piper Sandler Global Exchange & Fintech Conference. “It’s not just a matter of ‘paying lip service to [the] desire to comply with applicable laws’ or seeking a bunch…

CNN  —  The vice presidency can be a stepping stone to the presidency. Just ask Joe Biden, who found that serving as Barack Obama’s No. 2 was the ticket to winning his party’s nomination for president after two unsuccessful attempts. Former Vice President Mike Pence, who took part in a CNN town hall Wednesday night after declaring his 2024 bid, is already finding a far rockier road to the White House than Biden. He’s polling at just 4% in the national polls, while Biden entered the 2020 race as the polling front-runner. This reflects history, which shows that while being…

SES stock dips after Wolfe Research downgrades to Underperform

A third of all homebuyers are paying cash, the highest share in a decade, Redfin found. New home listings are down 25% year over year, resulting in more feverish competition. Cash bids may carry even more weight as banks tighten credit on borrowers. 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 During the pandemic housing boom, homebuyers begrudgingly accepted that they’d face lots of competition, especially from people wowing sellers with suitcases of cash.Many facets of the housing market have changed since then. As…