Author: IA PressRoom

Ukrainian forces have stepped up artillery strikes and ground assaults in a flurry of military activity that American officials suggested on Monday could signal that Kyiv’s long-planned counteroffensive against Russia had begun.The fighting, which began on Sunday, was raging along several points on the front line, but farther to the east of where many analysts had expected Ukraine’s counteroffensive to launch. Even if it has started in that eastern area, experts said, the battle would allow Kyiv’s troops to try to accomplish the same goal: Head south toward the Sea of Azov and cut off the land bridge connecting occupied…

The Australian dollar and bond yields surged, while stocks fell on Tuesday after the Reserve Bank of Australia delivered a second-straight surprise interest rate hike, cautioning that that might not be the end of it. The Aussie dollar AUDUSD, +0.79% climbed 0.7% to $0.6670, while the 10-year Australian bond yield TMBMKAU-10Y, 3.812% rose 3.6 basis points to 3.826%. The S&P ASX 200 XJO, -1.20% fell nearly 1% to, 7,147. The RBA lifted the official cash rate by 25 basis points to 4.10%, its highest level since early 2012. RBA Gov. Philip Lowe, who last week warned that higher wages and…

Wagner Company leader Yevgeny Prigozhin scoffed at the Kremlin’s reports of big wins in Ukraine. To kill 1,500 soldiers, as Moscow claimed, Russia would need to take 93 miles of land every day, he said. He dismissed the tally as “wild and absurd science fiction,” further antagonizing the Kremlin. 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 Yevgeny Prigozhin, the leader of the Russian mercenary company that fought in Bakhmut, says he’s not buying Moscow’s claims that it inflicted heavy losses on Ukrainian troops…

© Reuters. FILE PHOTO: A man walks past an electric monitor displaying Japan’s Nikkei share average and recent movements, outside a bank in Tokyo, Japan, June 5, 2023. REUTERS/Issei Kato By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks nudged higher on Tuesday as soft U.S. economic data reinforced expectations that the Federal Reserve may skip an interest rate hike when it meets next week. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.17% higher, shrugging off earlier losses, while Tokyo’s gained 0.65%. Futures indicated European stocks were set for a muted open, with Eurostoxx 50 futures down 0.05%, German…

© Reuters. FILE PHOTO: A woman poses with a cigarette in front of BAT (British American Tobacco) logo in this illustration taken July 26, 2022. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -British American Tobacco maintained its annual revenue and profit forecasts on Tuesday and said its performance would be weighted towards the second half, betting on steady demand for its vaping and oral nicotine products and higher prices. The Lucky Strike cigarette maker expects a 3% to 5% rise in 2023 organic revenue at constant currency rates and mid-single digit growth in adjusted earnings per share. However, reported revenue growth would be…

Source: Aleksey Bukreev/AdobeThe Russian P2P (peer-to-peer) crypto market is growing at a rapid pace, with a report claiming vendors can access “$296 million” worth of trades per day.Per RB, the claim was made by Schard, a cryptoasset security platform, at a blockchain conference operated by the Russian banking giant Sber.Crypto is still almost completely unregulated in Russia, after years of political wrangling.Many other nations operate a licensing system for crypto exchanges.And this has led many of Russia’s biggest crypto trading platforms to relocate overseas in search of regulated environments.But that has apparently opened up a space in the market for…

A new bill introduced in the House of Representatives on Monday is aimed at making sure American consumers know the difference between fantasy and reality online by cracking down on generative artificial intelligence technology. Rep. Ritchie Torres, D-N.Y., is leading the effort on the AI Disclosure Act of 2023, which would force AI-generated content to include the disclaimer, “Disclaimer: this output has been generated by artificial intelligence.”In a statement announcing the bill, Torres predicted that “regulatory framework for managing the existential risks of AI will be one of the central challenges confronting Congress in the years and decades to come.”He noted…

LGI Homes reports 633 home closings in May 2023, up ~14% sequentially

TAIPEI, TAIWAN – 2023/05/29: Nvidia president and CEO Jensen Huang speaks at a keynote presentation … [+] while holding the Grace Hopper superchip CPU at COMPUTEX. The COMPUTEX 2023 runs from 30 May to 02 June 2023 and gathers over 1,000 exhibitors from 26 different countries with 3000 booths to display their latest products and to sign orders with foreign buyers. (Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images No doubt, the big news on the individual stock front of late has been the euphoria surrounding just about any company having anything to do with artificial…

© Reuters. FILE PHOTO: Souvenir tokens representing cryptocurrency Bitcoin plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/File Photo By Lisa Pauline Mattackal and Medha Singh (Reuters) – It’s a tense time for bitcoin investors. Watch. Wait. Don’t make the first move. The capricious cryptocurrency’s been uncommonly quiet over the past four weeks, bound in the range of $28,452 and $25,800. Even the end of the U.S. debt ceiling saga did little to whet risk appetite. ‘s volatility index is near 64, well below the 2023 peak of 116.5 touched in January, according to CryptoCompare. Overall daily…