Author: IA PressRoom

The US Senate passed the debt ceiling bill with overwhelming bipartisan support yesterday, approving a fiscal deal between the White House and congressional Republicans to end a weeks-long political stand-off that risked triggering an unprecedented debt default in the world’s largest economy. With a vote of 63 to 36, the bill now heads to President Joe Biden for his signature, just four days before the US Treasury projected it would run out of cash to pay all its bills. Such a scenario would have dealt a traumatic hit to the global economy and financial markets and represented a huge self-inflicted…

© Reuters. FILE PHOTO: An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake By Rajesh Kumar Singh CHICAGO (Reuters) -American Airlines’ plan to grow revenue by relying more heavily on alliance partners to ferry passengers in uncompetitive markets while bulking up flights to U.S. Sunbelt states has been called into question by a U.S. court ruling blocking a key tie-up. A U.S. federal judge last month ordered the company to end its alliance with JetBlue Airways (NASDAQ:) Corp, saying the partnership “substantially” diminished competition in the…

2/2 © Reuters. FILE PHOTO: An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. REUTERS/Elizabeth Frantz 2/2 A look at the day ahead in U.S. and global markets from Mike Dolan With the U.S. debt ceiling removed, world markets see the sky again – encouraged that robust U.S. labor markets continue to defy recession fears as interest rates near peaks. May’s U.S. employment report later on Friday now stands as the last major data point of a shortened trading week in which June was greeted with…

Source: AdobeStock / Iryna BudanovaBinance has seen its market share shrink by 25% over the last three months amid increased regulatory pressure from US regulators. The world’s largest cryptocurrency exchange accounted for 57.5% of the average monthly volume of all crypto trades in February, but its market share has now dropped to 43%, the Financial Times reported, citing research provider CCData. The increased regulatory scrutiny in the US as well as the end of a zero-fee trading promotion are deemed as the main reasons behind the decline in Binance’s market share. Earlier this year, New York regulators also halted the issuance of a Binance-branded stablecoin called…

Renesas Electronics acquires fabless semiconductor firm Panthronics

Wharton professor Jeremy Siegel said hopes of a Fed pause are fueling the stock market rally.  Halting interest-rate hikes now could lower the chances of a recession, the finance guru said. Siegel also said US stocks are unlikely to surge this year despite momentum from AI hype.  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 Wharton professor Jeremy Siegel has pointed to investors’ hopes that the Federal Reserve will halt its interest-rate hiking cycle as a key driver of the recent strength in stocks,…

© Reuters. FILE PHOTO: A woman walks near a construction site of apartment buildings in Beijing, China, July 15, 2022. REUTERS/Thomas Peter/File Photo (Reuters) – China is working on new measures to support the property market after existing policies failed to sustain a rebound in the sector, Bloomberg News reported on Friday, citing people familiar with the matter.

The price of Bitcoin (BTC) is showing signs of gaining momentum as it approaches the highly anticipated release of the US Nonfarm Payroll data.Investors and traders are closely monitoring this economic indicator, which is expected to impact the market significantly. The recent surge in Bitcoin’s price suggests growing optimism among market participants, who anticipate positive outcomes from the upcoming release.In this Bitcoin price prediction, we will delve into the current state of Bitcoin’s price and explore the factors contributing to its upward momentum, highlighting the potential implications of the US Nonfarm Payroll data on the cryptocurrency market.US NFP Ahead; Potential Impact…

Dozens of taxpayer-funded libraries and other government agencies across the country are hosting drag queen storytime for children as young as 3 as LGBTQ Pride Month kicked off the month of June.The DC Public Library is co-hosting a Drag Storytime with performer IttyBitty in Adams Morgan, where “children of all ages” are invited to learn about “diversity, self-love and an appreciation of others.”At the Berkeley Public Library in California, kids are invited to gather in the children’s room for a “fun game of Lotería,” similar to Bingo, with “drag queen and educator” Bella Aldama.Children of “all ages” are invited to Drag…

U.S. stock futures pointed to a higher open for Wall Street on Friday after a debt-ceiling bill cleared a final hurdle, and as investors turned their attention to jobs data that could help cement a pause in Federal Reserve interest-rate hikes.How are stock-index futures trading? S&P 500 futures ES00, +0.37% rose 14.25 points, or 0.3%, to 4,242 Dow Jones Industrial Average futures YM00, +0.40% rose 141 points, or 0.4%, to 33,244 Nasdaq-100 futures NQ00, +0.33% rose 32 points, or 0.2%, to 14,503 On Thursday, the S&P 500  SPX, +0.99%  advanced by 41.19 points, or 1%, to end at 4,221.02, the…