Author: IA PressRoom

Source: Adobe Stock / vlSchroders Plc, an asset management firm with over $900 billion in assets under management, is venturing into crypto and is actively searching for a third-party custodian to support its digital asset expansion.According to a recent Bloomberg report that cited “people with knowledge of the matter,” one of the candidates shortlisted by Schroders is Zodia Custody Ltd., in which investment bank Standard Chartered holds a majority stake.Although Schroders is not itself involved in crypto today, the firm gained some indirect exposure last year when it acquired a minority stake in digital asset manager Forteus.At the time, Schroders…

Employers are hiring rapidly. Home prices are rising nationally after months of decline. Consumer spending climbed more than expected in a recent data release.America’s economy is not experiencing the drastic slowdown that many analysts had expected in light of the Federal Reserve’s 15-month, often aggressive campaign to hit the brakes on growth and bring rapid inflation under control. And that surprising resilience could be either good or bad news.The economy’s staying power could mean that the Fed will be able to wrangle inflation gently, slowing down price increases without tipping America into any sort of recession. But if companies can…

Here are some of the biggest movers of Thursday. Stock decliners: GameStop Corp.‘s stock GME, +5.75% tanked 17% after the retailer fired Chief Executive Mike Furlong and said that its board elected activist investor Ryan Cohen as its executive chairman. Shares of Smartsheet Inc. SMAR, -5.15% fell 17% after the cloud-based work-management platform provider’s billings missed Wall Street estimates and its free-cash-flow outlook appeared light. Shares of Oxford Industries Inc. OXM, +3.70% dropped 5% in the aftermarket Wednesday after the parent company of Tommy Bahama and other brands lowered its guidance for the year, saying that consumers have grown more…

Christian broadcaster Pat Robertson is dead, aged 93.  The Christian Broadcasting Network announced his death on Thursday.  Robertson was a televangelist who helped bring Christianity to the center of the Republican Party. 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 VIRGINIA BEACH, Va. (AP) — Pat Robertson, a religious broadcaster who turned a tiny Virginia station into the global Christian Broadcasting Network, tried a run for president and helped make religion central to Republican Party politics in America through his Christian Coalition, has died.…

A picture taken on November 21, 2019, shows a nesting beach of hawksbill turtles in Cousin Island, … [+] a nature reserve island managed by Nature Seychelles, a national environmental NGO, Seychelles. – The Seychelles, a byword for luxury holidays and Instagram-perfect beaches, lives off tourism. But the idyllic honeymoon abode is confronting a tug-of-war over how to keep the economy growing, while protecting its fragile ecosystem. High-end tourism, mainly from Europe, helped pull the Seychelles from the brink of financial ruin after the 2008 economic crisis. Visitor numbers doubled in the decade that followed to around 360,000 today. (Photo…

Morgan Stanley on Thursday moved to sever ties with Crispin Odey’s Odey Asset Management in the wake of a Financial Times investigation that chronicled how the hedge fund manager evaded sexual assault allegations for decades.The bank has begun the process of terminating its prime broking relationship with Odey, according to people familiar with the situation. Morgan Stanley and Odey Asset Management declined to comment.The decision came after the publication of a Financial Times investigation on Thursday that found Odey has sexually harassed or assaulted 13 women over the past 25 years. Eight of the women included in the investigation said…

© Reuters. FILE PHOTO: The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016. REUTERS/Danish Siddiqui By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -India’s central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as widely expected, but signalled that monetary conditions will remain tight for some time as it looks to further curb inflationary pressures. Despite hitting an 18-month low of 4.70% in April, analysts do not expect India’s inflation to fall to the Reserve Bank of India’s (RBI) 4%…

© Reuters Investing.com — Amazon (NASDAQ:) reportedly plans to launch an-advertising-supported tier of its Prime Video streaming services as part of move to bolster growth from entertainment, The Wall Street Journal reported Wednesday, citing unnamed sources. Plans to launch an ad-supported tier for its Prime Video streaming service follow similar moves by rivals including Netflix (NASDAQ:) and Disney (NYSE:) as streaming platforms look for ways to support content spending amid an ongoing battle for dominance. Warner Bros Discovery (NASDAQ:) and Paramount (NASDAQ:), meanwhile, are reportedly in talks with Amazon to add the ad-based tiers of their streaming services through Amazon’s Prime…

Source: TradingViewThe XRP price has dipped today to $0.521650, representing a drop of 1% as the cryptocurrency market as a whole also falls in the past 24 hours.However, XRP remains up by 3% in a week and by 22% in the last 30 days, with the altcoin also seeing its 24-hour trading volume remain close to the $2 billion level.XRP’s recent performance stands in contrast to much of the wider market, which has been badly affected by the SEC’s legal actions against Coinbase and Binance.But with observers expecting a Ripple victory in its own case against the securities regulator, XRP…

Connecticut’s Democratic-controlled General Assembly passed protections for abortion providers and gave more power to libraries facing book challenges — and they did it with Republican support.All but 13 Republicans voted for the $51 billion two-year state budget and a handful even voted for a major gun control bill that’s already being challenged in court.Bucking the partisan rancor seen in other legislatures this year, Connecticut lawmakers on Wednesday night wrapped up what’s been one of the most bipartisan legislative sessions in recent memory. And they’re crediting old fashioned relationship-building, a willingness for compromise, a healthy budget surplus and a strict adjournment…