Author: IA PressRoom

© Reuters. Investing.com– Gold prices moved little on Wednesday as markets hunkered down ahead of an upcoming Federal Reserve meeting, while copper prices extended a rebound from six-month lows. The yellow metal saw some support this week as weak U.S. economic data pulled down the dollar and spurred some bets that the Fed will lack the headroom to keep raising interest rates. But this support was limited as the recovered amid uncertainty over the Fed’s next move. While some facets of the U.S. economy appeared to be cooling, inflation and the labor market were still running hot, putting more pressure…

Democratic Connecticut Gov. Ned Lamont on Tuesday signed into law the state’s most wide-ranging gun control bill in the last decade.The bill includes an open carry ban, which has triggered lawsuits by Second Amendment activists.”The state constitution guarantees a right to protect oneself. No one sacrifices that right by walking out of their front door,” We the Patriots USA lawyer Norm Pattis wrote of the legislation. “In an era of defunding police, permissive bail reform and liberal clemency, folks depend on the right to self-defense more than ever.”Connecticut Gov. Ned Lamont on Tuesday signed the most wide-ranging state gun control…

Money-market funds own around 15% of the Treasury-bill market, according to an estimate from Goldman Sachs.Money-market funds have been luring savers with yields that can beat many bank deposit-account rates, and the resolution of the debt-ceiling drama might increase their appeal even more, experts say. These multitrillion-dollar mutual funds — which held an estimated $1.467 trillion in U.S. Treasury securities at the end of April — could buy at least some of the Treasury debt waiting to be issued after an increase of the borrowing limit. If the yields on those Treasury securities are high, that may translate to yield…

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© Reuters. FILE PHOTO: U.S. House Speaker Kevin McCarthy (R-CA) speaks as he holds a press conference after the House approved the debt ceiling deal he negotiated with the White House to end their standoff and avoid a historic default, at the U.S. Capitol in Washing By Patricia Zengerle WASHINGTON (Reuters) -The battle to raise the U.S. debt ceiling rekindled debate in Congress over funding for Ukraine, as House of Representatives Speaker Kevin McCarthy said on Tuesday he had no immediate plans to take up legislation to boost defense spending beyond what was in last week’s deal. McCarthy’s comments could…

© Reuters. U.S. Securities and Exchange Commission logo and representations of cryptocurrency are seen in this illustration taken June 6, 2023. REUTERS/Dado Ruvic/Illustration By Jonathan Stempel, Hannah Lang and John McCrank NEW YORK (Reuters) – The top U.S. securities regulator sued cryptocurrency platform Coinbase (NASDAQ:) on Tuesday, the second lawsuit in two days against a major crypto exchange, in a dramatic escalation of a crackdown on the industry and one that could dramatically transform a market that has largely operated outside regulation. The U.S. Securities and Exchange Commission on Monday took aim at Binance, the world’s largest cryptocurrency exchange. The…

Colleville-sur-Mer, France CNN  —  Thousands gathered by the beaches of Normandy on Tuesday to remember those who died fighting for freedom in World War II, ceremonies that had renewed meaning as speakers, including US Defense Secretary Lloyd Austin, pointed to parallels with Ukraine’s war against Russia. Seventy-nine years ago, D-Day kicked off the liberation of Europe, spearheaded by Allied sea and airborne landings in Normandy, France. The first step toward victory – and peace – in Europe, it came at great cost to American and Allied soldiers, some 10,000 of whom would lie dead, be wounded or reported missing on…

tifonimages/iStock via Getty Images Consolidated Water (NASDAQ:CWCO) +6.7% post-market Tuesday after saying it signed a definitive agreement with the Honolulu Board of Water Supply to build and operate a seawater reverse osmosis desalination plant. The plant will be capable of producing potable water from saline source water derived from seawater wells, and it has guaranteed to deliver 1.7M gal/day of potable water to BWS’ water system on a 24/7 basis. The company said it expects revenue generated over the 24-year base term of the contract to total ~$204M in current dollars, including nearly $150M to be generated during the development,…

According to NextEarningsDate.com, the Adobe next earnings date is projected to be 6/15 after the close, with earnings estimates of $3.53/share on $4.78 Billion of revenue. Looking back, the recent Adobe earnings history looks like this: ADBEtickertech The company has an impressive long-term earnings per share chart: adbetickertech And with equally impressive revenue growth: adbetickertech But earnings reports can often uniquely bring abrupt volatility to a stock, in either direction, as investors digest the fundamental details. And that volatility can be a stock options trader’s dream come true — so such traders will be interested to know that Adobe has…

The UK’s advertising watchdog has banned a group of big oil and gas company advertisements for being misleading as part of crackdown on “greenwashing”, or making something appear more sustainable than it really is. The Advertising Standards Authority said on Wednesday that recent ads by Shell, Repsol and Petronas had misled the public on the climate and environmental benefits of the groups’ products overall.The landmark rulings are expected to set a precedent for how energy companies promote their businesses.The banned ads included a television promotion for Petronas, an online ad for Repsol and poster, TV and YouTube ads for Shell. These…