Author: IA PressRoom

More than 3 million Boppy Newborn Loungers were recalled due to suffocation risk in September 2021. The US Consumer Product Safety Commission said it found thousands of them on Facebook Marketplace. The agency wrote to Mark Zuckerberg, the CEO of Facebook parent Meta Platforms, on Tuesday. 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 WASHINGTON (AP) — Federal safety regulators are urging consumers to stop using baby pillows that have been linked to 10 infant deaths but are still being sold on Facebook Marketplace,…

Thousands of security staff at London’s Heathrow airport will stage a month’s worth of strike action this summer in a continuing pay dispute with its owners, putting at risk holidaymakers’ plans on some of the busiest days of the year for travelling. Unite the union said on Wednesday that 2,000 of its members, about 40 per cent of all security workers at the UK’s hub airport, would walk out on 31 days from June 24 in a “summer of strife”.The strikes will cover most weekends between June 24 and the end of August as well as some extended stoppages, including…

© Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will not raise rates for the first time in well over a year at its June meeting, according to economists polled by Reuters, but a significant minority expects at least one more hike this year as the economy remains resilient. Fed Chair Jerome Powell signaled in May the central bank might soon pause to assess the impact of an historically-aggressive 500 basis points worth of tightening, having delivered a rate rise…

© Reuters. The logo of Bain Capital is displayed on the screen during a news conference in Tokyo, Japan October 5, 2017. REUTERS/Kim Kyung-Hoon (Reuters) -Chindata Group said on Wednesday that investor Bain Capital has offered to take the Chinese data center operator private in a deal valuing the company at $2.93 billion. Chindata’s shares, which have lost more than a fifth of their value this year, rose about 14% to $7.18 in early trading. Bain Capital’s proposal values each American depositary share of Chindata at $8, representing a premium of more than 27% to its last closing price. The…

Source: Adobe Stock / serpebluThe recent action taken by the US Securities and Exchange Commission (SEC) against major crypto exchanges Binance and Coinbase has made it clear once and for all that the wild west days of crypto are over, according to a Bloomberg columnist.Writing in an opinion piece on Tuesday, Bloomberg columnist Jessica Karl highlighted the impact of these actions and the potential consequences for the crypto market, and argued it has ushered in a new era for crypto in the US.Karl’s piece noted that the SEC’s complaint against Binance include internal chats that reveal questionable conduct, a lack…

Investing.com – The Turkish lira slumped to a record low against the U.S. dollar Wednesday, as traders positioned for President Tayyip Erdogan’s newly-elected government heading towards a more orthodox monetary policy. At 09:00 ET (13:00 GMT), traded 7.2% higher at 23.0892, just below the pair’s record high of 23.2743 seen earlier this session. Erdogan appointed Mehmet Simsek as finance minister shortly after his victory in the country’s presidential election runoff on the weekend.  This appointment has been taken by the market as signaling a return to more orthodox monetary policies, leaving behind the unorthodox interest rate cuts in the face…

Gov. Doug Burgum, the Republican governor of North Dakota who rose from a chimney sweep to become one of the richest men in the state, announced a campaign for president on Wednesday, entering an increasingly crowded race in which he faces exceedingly long odds.“We need a new leader for a changing economy,” Mr. Burgum wrote in an opinion essay in The Wall Street Journal that focused heavily on his business acumen. He plans to appear at an event around midday in Fargo, N.D.The size of the field signals that former President Donald J. Trump, the Republican front-runner, has not scared…

U.S. stock index futures tilted up on Wednesday, attempting to extend Tuesday’s rally and push S&P 500 to fresh high, despite more weak economy data from China. How are stock-index futures trading? S&P 500 futures ES00, +0.10% gained 3 points, or less than 0.1% to 4,292 Dow Jones Industrial Average futures YM00, +0.06% rose 6 points, or less than 0.1% to 33,623 Nasdaq-100 futures NQ00, +0.12% went up 10 points, or 0.1% to 14,596 On Tuesday, the S&P 500 SPX, +0.04% closed at its highest level in 10 months, rising 10 points, or 0.2%, to 4,283.85, while the Nasdaq Composite…

The word bonds on wooden cubes with office desktop. Business finance stock exchange concept.getty Our favorite high-yield bonds just hit a critical buying level. It’s time to make our move, and we’re going to give ourselves an edge by “cherry-picking” 10%+ yielding picks from the top bond minds on the planet. And we’re going to pay nothing to do so! The Titans of the Bond World Give Us Their Best Picks—for Free ADVERTISEMENT I hate to hear people say the bond world is boring. If you’ve read about it, you know it’s packed with wild characters who’ve racked up massive…

WASHINGTON, DC – DECEMBER 20: U.S. President Donald Trump (L) jokes with Vice President Mike Pence, … [+] Speaker of the House Paul Ryan (R-WI) and Sen. Tim Scott (R-SC) during an event celebrating the passage of the Tax Cuts and Jobs Act. (Photo by Chip Somodevilla/Getty Images)Getty Images Now that Congress has passed the Fiscal Responsibility Act (FRA) of 2023, it isn’t too soon to start thinking about the mess lawmakers have created for themselves in 2025. The law grants a short-term reprieve from Congress’s self-made debt limit crisis. But it also sets up what promises to be an…