Author: IA PressRoom

© Reuters. Investing.com — The dollar was little changed Monday after snapping a three-week win streak last week, but a surprisingly strong U.S. economy suggests it is too early to bet the bears may soon resume their grip on the greenback, Goldman Sachs said. The , which measures the greenback against a trade-weighted basket of six major currencies, was flat at 103.96. The trend of a stronger U.S. economy and a weakness in Europe and China continues to be positive for the dollar in the near term, according to Goldman Sachs. This pattern will have to “abate before medium-term shallow dollar depreciation can come back…

CNN  —  Nikki Haley, the 2024 Republican presidential contender, linked the presence of transgender girls in sports to suicidal ideation among teenage girls in a CNN town hall Sunday night in Iowa. The former South Carolina governor and United Nations ambassador’s comments came when moderator Jake Tapper asked her to define “woke.” “The idea that we have biological boys playing in girls’ sports – it is the women’s issue of our time,” Haley said. She said she didn’t know how she would have had a conversation about the presence of transgender girls on a high school team with her daughter,…

metamorworks/iStock via Getty Images Blackstone’s (NYSE:BX) private real estate investment trust known as BREIT has agreed to sell San Antonia, Texas-based JW Marriott San Antonio Hill Country Resort & Spa to lodging REIT Ryman Hospitality Properties (NYSE:RHP) for $800M, the companies said Monday. The deal, which is expected to be closed during Q2 or Q3, represents a trailing-twelve-months (through March 31, 2023) adjusted EBITDAre multiple of around 12.6 times, Mark Fioravanti, president and CEO of Ryman Hospitality (RHP), said in a statement. From BREIT’s point of view, the sale generates about $275M in profit over a five-year hold period through…

A sign sits on display outside the Ciena Corp. pavilion at the Mobile World Congress in Barcelona, … [+] Spain, on Tuesday, Feb. 26, 2013. The Mobile World Congress, where 1,500 exhibitors converge to discuss the future of wireless communication, is a global showcase for the mobile technology industry and runs from Feb. 25 through Feb. 28. Photographer: Simon Dawson/BloombergCopyright 2013 Bloomberg Finance LP, All Rights Reserved. Ciena CIEN is scheduled to report earnings before Tuesday’s open. The stock hit a record high near $1,057/share in 2000 and is currently trading near $47/share. The stock is prone to big moves…

© Reuters. FILE PHOTO: Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023. REUTERS/Tingshu Wang By Kanishka Singh and Nandita Bose WASHINGTON (Reuters) – The Chinese government will seek to initiate artificial intelligence regulations in its country, billionaire Elon Musk said on Monday after meeting with officials during his recent trip to China. Musk did not elaborate further and made his remarks in a Twitter Space with Democratic presidential candidate Robert F. Kennedy Jr. on Monday. “It’s worth noting that on my recent trip to China, I…

© Reuters. By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration (FAA) said a drone sighting had briefly disrupted some flights at Pittsburgh International Airport on Monday. The FAA said in a statement it had earlier temporarily suspended some arrivals and departures as local enforcement attempts to locate the drone operator. The FAA had said that airplanes could have faced up to 60 minute delays in arrivals because of the sighting. Drones near airports continue to pose a serious issue to aviation and resulting delays have cost in millions of dollars of economic damage. The Homeland Security Department told…

Source: AdobeA complaint by the US Securities and Exchange Commission filed against Binance and its CEO Changpeng Zhao unveiled a mix of stark revelations about the world’s largest crypto exchange from evading US laws to internal conversations about Binance.US. The SEC sued Binance and Changpeng Zhao, also known as CZ,  on Monday for their “blatant disregard of the federal securities laws,” along with 13 charges, including operating an unregistered exchange.“[w]e are operating as a fking unlicensed securities exchange in the USA bro”The SEC said Zhao and Binance knew that they were operating the Binance.com platform in violation of various US laws.“As…

Lawyers for former President Donald J. Trump met on Monday at the Justice Department with officials, including the special counsel Jack Smith, two weeks after requesting a meeting to discuss their concerns about Mr. Smith’s investigations into Mr. Trump, according to two people familiar with the matter.The meeting did not include Attorney General Merrick B. Garland or Lisa O. Monaco, the deputy attorney general, and it is unclear what precise subjects were discussed. But the visit came amid indications that prosecutors in the special counsel’s office were approaching the end of their inquiry into the former president’s handling of classified…

The former chief executive of YouTube and the co-founder of Zerodha, India’s biggest discount stock-trading platform, have joined the ranks of extremely wealthy people promising to give most of their money to charity. Susan Wojcicki, who stepped down as YouTube CEO in February, and her husband Dennis Troper have signed the Giving Pledge along with Nikhil Klamath, co-founder of Zerodha. They’re now among the 241 individuals participating in the Giving Pledge, a public commitment created in 2010 by Bill Gates, co-founder of Microsoft Inc. MSFT, +0.16%, Melinda French Gates, and Berkshire Hathaway CEO BRK.A, -0.81% Warren Buffett to encourage billionaires…

Apple announced a new iPhone feature Monday called StandBy that will roll out with iOS17 this fall.  StandBy basically transforms your iPhone into a horizontal smart display when your phone is charging. StandBy looks a lot like Amazon’s Show device.  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 Apple iPhones will soon get a new feature with iOS 17 that can transform your phone into an intelligent display that seems suspiciously like Amazon’s Echo Show. Apple revealed the new feature, dubbed StandBy, on Tuesday at…