Author: IA PressRoom

© Reuters Investing.com– Oil prices moved little in Asian trade on Friday amid caution ahead of key labor data offering more signals on the Federal Reserve’s rate hikes, while uncertainty before an OPEC meeting also kept traders wary of big bets. Crude prices rose sharply on Thursday amid optimism over raising the U.S. debt ceiling, positive Chinese economic data, and a pullback in the dollar. But prices were still set to close the week lower, as persistent concerns over a demand slowdown this year largely offset any positive cues. Focus is now squarely on data due later in the day,…

The revelation that federal prosecutors have a recording of former President Donald J. Trump discussing a highly sensitive document in his possession after he left office underscores the weight of the evidence that the special counsel Jack Smith is assembling as he approaches a decision about whether to bring criminal charges.The recording, according to people briefed on its contents, captured Mr. Trump in July 2021 discussing a document that he said related to military planning for confronting Iran. During the conversation, Mr. Trump signaled his awareness of his inability to declassify the document because he had already left office, they…

Headline inflation may have come down over the past year, but consumers’ expectations about future inflation have not. In fact, five-year expected inflation has been inching up rather than down in recent months, according to the University of Michigan consumer survey. The median expectation is that inflation will run at a 3.1% annualized pace over the next five years; you have to go back to 2008 to find a higher reading. The mean expectation, which skews higher, is the highest it’s been since the mid-1990s. Such…

Many Democratic lawmakers are unhappy with the debt-ceiling bill that just passed the House. But some of them will vote for the bill anyway because they say a default would be far worse. “The macro alternative is absolutely indigestible,” Rep. Jamie Raskin told Politico. 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 A lot of Democratic lawmakers don’t like President Joe Biden’s and Speaker of the House Kevin McCarthy’s debt-ceiling bill. But they’ll probably vote for it anyway.On Wednesday night, the House easily passed…

© Reuters. FILE PHOTO: Bank of Japan Governor Kazuo Ueda speaks at a group interview with media in Tokyo, Japan, May 25, 2023. REUTERS/Kim Kyung-Hoon/File Photo By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Friday the central bank did not have a set time frame for achieving its 2% inflation target but that it would strive to hit it at the earliest date possible. Speaking in parliament, Ueda said the country’s trend inflation was likely to heighten ahead, but that achieving the bank’s 2% target would take time. He also said setting an explicit…

© Reuters. FILE PHOTO: The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2019. REUTERS/Brendan McDermid By Brendan Pierson (Reuters) – A federal appeals court, in a decision unsealed Wednesday, upheld the dismissal of a whistleblower lawsuit against Johnson & Johnson (NYSE:) as a sanction for the plaintiffs’ misuse of confidential records they obtained through related litigation. The lawsuit, which accused J&J’s DePuy Orthopaedics unit of defrauding the federal government by marketing defective hip implants, was dismissed in December 2021. J&J has denied…

2/2 © Reuters. FILE PHOTO: A tug boat pushes an oil barge through New York Harbor past the Statue of Liberty in New York City, U.S., May 24, 2022. REUTERS/Brendan McDermid 2/2 By Andrew Hayley BEIJING (Reuters) – Oil prices rose on Friday in early Asian trade as markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend amid positive sentiment over U.S. monetary policy and Washington’s debt ceiling bill. futures rose 13 cents, or 0.18% to $74.41 a barrel by 0115 GMT, while U.S. West Texas Intermediate crude (WTI) rose 15 cents, or 0.21%, to $70.25 a…

Source: alexlmx/AdobeColombians are increasingly taking crypto, one of Latin America’s biggest crypto exchanges has claimed.Per Criptonoticias, the Bitso trading platform says it has increased the number of its individual retail clients “by 10 times” since this time last year.Bitso opened its offices in Colombia in the first half of 2022.The firm was founded in Mexico in 2014, but has since expanded to a number of Latin American states.The company said that it had already “diversified its” range of “products and services” in Colombia, and is now providing solutions for “companies and institutions in the country.”Bitso added that some of the…

EXCLUSIVE: Sen. Joe Manchin, D-W.Va., said Thursday that it is “bulls—” Republicans have been characterized as the driving force behind a provision green-lighting a natural gas pipeline included in the debt ceiling bill.In a Thursday phone interview with Fox News Digital, Manchin took credit for being the lead voice advocating for the Mountain Valley Pipeline (MVP) — a 303-mile West Virginia-to-Virginia pipeline that is 94% complete, but has been slowed by a years-long permitting and numerous legal challenges from eco groups — at the federal level since early 2022. “What’s the problem here? They’re afraid of who gets credit for it?”…

Alex Wong/Getty Images News The U.S. Senate forged ahead on Thursday to pass a debt ceiling package so it can be sent to President Joe Biden for his signature before the Monday deadline when the Treasury expects to run out cash to pay government obligations. Majority Leader Chuck Schumer (D-NY) set a late night floor schedule with almost a dozen amendments up for debate to the legislation that the White House and Republican congressional leaders crafted over the Memorial Day weekened. None of the amendments are expected to be approved or change the overall deal, the Associated Press reported. Labeled…