Author: IA PressRoom

The U.S. House Financial Services Committee will hold a hearing on June 13 on the topic of cryptocurrencies, potentially giving more clarity to the markets.The committee oversees matters like the Federal Reserve Board, the US Treasury, and currency.How might this affect the cryptocurrency market and the selection of the best cryptos to buy now?The hearing will stream live on the committee’s website. Though the agenda isn’t public yet, the crypto community hopes it will address major industry issues.The crypto industry has been grappling with several urgent concerns, including regulatory compliance, investor protection, market stability, and fostering innovation.Interestingly, Republican lawmakers Patrick…

Democratic presidential candidate Robert F. Kennedy Jr. visited the southern border in Yuma, Arizona this week, where he described the horrific conditions faced by migrants and said the crisis is “unsustainable.””This is not a good thing for our country, it’s not a good thing for these people and it is unsustainable,” Kennedy said.The Democrat said in a cell phone video with a section of border wall behind him that he saw migrants from Peru, Afghanistan, Bangladesh, China and elsewhere. He said Border Patrol agents in the sector have encountered migrants from 117 nations in the last few years.”They’re put on…

curraheeshutter/iStock via Getty Images Trinidad and Tobago, Latin America’s largest liquefied natural gas exporter, aims to restart an idled unit at the Atlantic LNG refinery by 2027 after agreeing to restructure the plant’s ownership and negotiate new gas supplies, Reuters reported Wednesday. In simplifying the project’s structure, BP (NYSE:BP) and Shell (NYSE:SHEL) reportedly each would own a 45% stake in the plant’s four units with Trinidad’s Natural Gas Co. holding the remaining 10% of each, while China Investment Corp.’s 10% stake would be eliminated. As a pre-requisite to a final investment decision on an offshore gas field, Shell (SHEL) reportedly…

Amazon Prime Day 2023: Summer's deals bonanza explainedWhat is Amazon Prime Day?15 reasons why an Amazon Prime membership is worth the $139 annual feeRead the original article on Business Insider

(Photo by Robert Alexander/Getty Images)Getty Images There’s a revival of global travel underway, but that only means more scams are out there as millions book their trips online or on their smartphones. According to a recent survey by McAfee, the cybersecurity company, “30% of adults have fallen victim or know someone who has fallen victim to a scam while trying to save money when booking travel, with 33% losing between $500 and $1,000 before their trip has even begun. Of those who had money stolen, 66% have lost up to $1,000.” Why are these scams proliferating? Online fraudsters know how…

When the storied Irish stout maker Guinness merged with hotel and catering conglomerate Grand Metropolitan in 1997, Indian-born marketer Ivan Menezes was the man tasked with integrating the two companies and their disparate stable of brands. The result of the merger was Diageo, the premium drinks giant behind Johnnie Walker whisky, Tanqueray gin and Smirnoff vodka. Sir Ivan Menezes, who has died aged 63, was a towering figure in the drinks industry. He led Diageo for a decade, during which time he overhauled the company’s portfolio to focus on high-growth premium brands, made a string of star-studded acquisitions and championed…

© Reuters. FILE PHOTO: Woman holds Turkish Lira banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration By Nevzat Devranoglu and Huseyin Hayatsever ANKARA (Reuters) -Turkey’s lira plunged 7.6% to a record low on Wednesday in its biggest selloff since the historic 2021 crash, and traders called it a “strong signal” that Ankara is moving away from state controls toward a freely traded currency. The lira has come under increasing pressure since President Tayyip Erdogan was re-elected on May 28. It was trading at 23.2300 against the dollar at 1739 GMT, after touching a record low of 23.2620, bringing…

© Reuters. Investing.com — Stocks are mixed on Wednesday as investors await next week’s Federal Reserve decision on interest rates. Here are the market movers for June 7. Affirm Holdings Inc (NASDAQ:)shares rose 5.9% as the buy now pay later payments firm was added as an option to Amazon (NASDAQ:) Pay. Stitch Fix (NASDAQ:)shares rose 28% after the personal styling firm reported better than expected results as cost cutting plans continue to make an impact. Campbell Soup Company (NYSE:)shares fell 7.5% after the packaged foods company reported as expected revenue in the recent quarter and affirmed guidance for full year…

Image Source: PixabayCrypto billionaires have been hit hard by the Securities and Exchange Commission’s crackdown on Binance and Coinbase, incurring huge losses so far this week.Binance CEO Changpeng Zhao, known as CZ, has seen his net worth shrink by $1.4 billion to $26 billion, while Coinbase CEO Brian Armstrong has seen his net worth drop by $361 million to $2.2 billion, according to the Bloomberg Billionaires Index.  This marks a reversal in fortune for crypto’s wealthiest founders, who saw their combined net worth increase by $15.4 billion in 2023 from the comeback in the price of Bitcoin and other digital assets.Specifically, Zhao’s…

Look. Up in the sky. It could be a bird. But around the U.S. Capitol, it might be a plane. There have been a lot of them over the years when it comes to possible air incursions around the Capitol.This weekend’s security scare and the “ghost plane” that crashed in central Virginia briefly triggered an alert on Capitol Hill. In fact, the decision by congressional officials to enhance the security posture at the Capitol on Sunday afternoon helped Fox determine what may have been the source of the prodigious sonic boom heard all over the Washington metropolitan region. The sonic boom – coupled…