Author: IA PressRoom

CNN  —  A federal judge who was presiding over the Walt Disney Parks and Resorts case against Florida Gov. Ron DeSantis on Thursday disqualified himself from further participation in the case, citing a third-degree relative with stocks in the company, according to the order on disqualification. Chief Judge Mark E. Walker, who was appointed to the bench by President Barack Obama, has ruled against a handful of DeSantis priorities and his initial assignment to the case was widely viewed as an early victory for Disney. Disney filed the lawsuit in April, accusing the Republican 2024 presidential prospect of weaponizing his…

The S&P 500 (SP500) on Friday added 1.82% for the holiday-shortened week to close at 4,282.37 points, posting gains in two out of four sessions. Its accompanying SPDR S&P 500 Trust ETF (NYSEARCA:SPY) rose 1.88% for the week. The benchmark index’s advance was its third-straight week in the green, the first time it has posted such a streak since March. Most of the gains came today and on Thursday. The resolution of the debt ceiling saga during the week allowed investors to turn their attention back to economic data and what it meant for the Federal Reserve’s future monetary policy…

Biden used his first speech to the nation from the Oval Office to celebrate a “crisis averted.” The Senate approved the bipartisan agreement on Thursday, eliminating the potential for a default. “Passing this budget agreement was critical. The stakes could not have been higher,” Biden said. 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 President Joe Biden celebrated a “crisis averted” in his first speech to the nation from the Oval Office Friday evening, ready to sign a budget agreement that eliminates the potential…

2/2 © Reuters. People try to escape from toppled compartments, following the deadly collision of two trains, in Balasore, India June 2, 2023, in this screen grab obtained from a video. ANI/Reuters TV via REUTERS 2/2 By Abinaya V and Jatindra (Reuters) -At least 233 people were killed and 900 were injured when two passenger trains collided in India’s Odisha state, a government official said on Saturday, making the rail accident the country’s deadliest in more than a decade. The death toll from Friday’s crash is expected to rise, the state’s Chief Secretary Pradeep Jena said on Twitter. He added…

The White House will renew its effort to draw China into discussions about entering arms control talks, President Biden’s national security adviser said on Friday, and will attempt to establish a global accord that specifies that artificial intelligence programs can never be used to authorize the use of nuclear weapons without a human in the decision loop.The speech by Jake Sullivan, the adviser, was the first to describe with some specificity Mr. Biden’s plans to deal with a world in which, he said, “cracks in our post-Cold War nuclear foundation are substantial.” But the solutions he pointed to were largely…

Shares of Palo Alto Networks Inc. rallied in the extended session Friday after S&P Dow Jones said it would include the cybersecurity platform company’s stock in the S&P 500 index. Palo Alto Networks PANW, +0.21% shares surged as much as 5% in after-hours trading, following the announcement that Palo Alto Networks will replace Dish Network Corp. DISH, +16.24% on the S&P 500 SPX, +1.45%. The move will happen June 20, following the Juneteenth holiday on June 19, in a quarterly rebalancing of the index. Palo Alto Networks, which recently reported earnings and sees AI transforming the software industry over the…

U.S. Secretary of State Antony Blinken spoke in Finland Friday about peace talks in Ukraine. He said negotiations now, before a Ukraine counteroffensive, would be unwise. “The prerequisite for meaningful diplomacy and real peace is a stronger Ukraine,” he said. 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 KYIV, Ukraine (AP) — U.S. Secretary of State Antony Blinken said Friday that the United States and its allies should not support a cease-fire or peace talks to end the war in Ukraine until Kyiv gains…

4/4 © Reuters. Chickens and a turkey are seen inside a coop at a private poultry farming at a ranch in Rio de Janeiro, Brazil June 2, 2023. REUTERS/Ricardo Moraes 2/4 By Ana Mano SAO PAULO (Reuters) – Revised trade accords with most of Brazil’s trade partners, including China, make it unlikely the world’s largest chicken supplier will impose a nationwide ban on exports should the virus that causes highly pathological avian influenza (HPAI) hit commercial flocks. Ricardo Santin, head of a group representing firms like JBS and BRF, told Reuters the agreements with trade partners should limit any export…

Source: THINK b/AdobeDigital yuan payment adoption is stepping up in China ahead of the Asian Games, with venue cities rolling out a range of central bank digital currency (CBDC) transport options.Per Shanghai Securities News, preparations are in advanced stages in the host city of Hangzhou, Zhejiang Province.The city was slated to host the event in September last year, but the games were eventually delayed by a year due to the coronavirus pandemic.The Central People’s Bank of China (PBoC) has updated its official digital yuan app to feature a “ride code” function.This allows smartphone users to scan their devices on the…

CNN  —  The FBI is scheduled to bring an internal law enforcement document that some Republicans claim will shed light on an allegation that then-Vice President Joe Biden was involved in a criminal scheme with a foreign national to Capitol Hill on Monday for House Oversight Chair James Comer and ranking Democratic member Rep. Jamie Raskin to review, spokespeople for the two lawmakers told CNN. While the document contains the allegations made by an unnamed whistleblower, it doesn’t provide proof that they are true, people briefed on the matter said. The FBI and prosecutors who previously reviewed the information couldn’t…