Author: IA PressRoom

CNN  —  Florida officials changed state campaign finance guidelines in a way that could allow allies of Gov. Ron DeSantis to move tens of millions of dollars to a super PAC supporting his 2024 presidential campaign, state records show. The change – made to the Florida Political Committee handbook, which is issued by the Florida Department of State – is significant as it covers the specific kind of transfer of funds that DeSantis allies have planned to support his presidential campaign. The planned move has already drawn a watchdog complaint with the Federal Election Commission. The updated version of the…

JulyVelchev/iStock via Getty Images Impala Platinum (OTCQX:IMPUY) (OTCQX:IMPUF) said Wednesday it has acquired a 9.26% stake in Royal Bafokeng Platinum from South Africa’s Public Investment Corporation, taking a controlling 55.46% stake in the smaller miner. South Africa’s PIC “is a strategic shareholder and key stakeholder in the South African PGM industry, and its decision to sell to us strongly affirms the rationale of the Implats transaction, which is key to the long-term economic stability of the Rustenburg region,” Implats (OTCQX:IMPUY) (OTCQX:IMPUF) CEO Nico Muller said. Implats (OTCQX:IMPUY) (OTCQX:IMPUF) is taking control of RBPlat after rival Northam Platinum withdrew its own…

Some Amazon workers got a full paid day off after they said they found a bed bug in a delivery van. An Amazon spokesperson said staff were excused, but the company found no evidence of bed bugs. The Amazon air hub in Northern Kentucky is at the center of a union organizing push. 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 Some Amazon workers received a full paid day off on Monday after they claimed to have discovered a bed bug in one of…

Dutch pension reform sounds incredibly tedious. To be honest, it is a bit tedious. But it’s also pretty important, given Dutch pension plans are some of Europe’s biggest money pools, with €1.45tn of assets under management. The main point is that the Dutch occupational pension system will shift from defined benefit to “defined contribution”. As mainFT’s Jo Cumbo writes, this could cause some serious ripples. “This is a once-in-a-generation event,” said Onno Steenbeek, managing director for strategic portfolio advice at APG Asset Management, the country’s largest pension fund manager with €541bn of assets under management. “I would expect some changes…

© Reuters. FILE PHOTO: A shopper looks at food items in a shop as UK inflation heads towards 10% in London, Britain, June 16, 2022. REUTERS/Kevin Coombs/File Photo LONDON (Reuters) – Britain’s underlying inflation relative to the main measure of price growth is proving harder to tackle than in other countries, Bank of England Monetary Policy Committee member Catherine Mann said on Wednesday. “The gap that I have in my country is more persistent than the gaps that we see in either of my neighbours, the U.S. or the euro area,” Mann said in a policy discussion organised by Swiss…

© Reuters. Key product announcements boost NVIDIA’s (NVDA) AI position – BofA BofA analysts lifted the NVIDIA (NASDAQ:) price target to $500 from $450 per share in a note Wednesday, maintaining a Buy rating on the stock. The upgrade follows the Nvidia CEO’s keynote at the annual computer expo, Computex, in Taiwan over the holiday weekend, where it made several product announcements. The analysts declared that the “key product announcements at Computex only further bolster NVDA’s AI position, benefitting from early-mover advantage and strong execution.” They also stated that Nvidia’s networking pipeline enhances AI monetization. “AI networking could be a…

© Reuters Investing.com — Oil prices fell sharply Wednesday after weak manufacturing data from China, the world’s largest crude importer, raised fears about demand growth in the second half of the year.  By 09:00 ET (13:00 GMT), futures traded 3.3% lower at $67.17 a barrel, while the contract fell 2.8% to $71.63 a barrel. Activity data released earlier Wednesday showed that China’s , an important regional growth driver, shrank for a second straight month in May. This raised concerns of slowing oil demand in the world’s second largest economy, which had been expected to be behind much of the previously…

Source: AdobeStock / Sergey KelinAs part of the investigation phase of its digital euro project, the European Central Bank (ECB), which serves as the European Union’s central bank, has released two reports on the institution’s market research and prototyping exercise. The Eurosystem, which includes the ECB and the national central banks of the EU countries whose currency is the euro, has invited market participants to participate in the market research. This was to allow them “to gain an understanding of the industry-specific knowledge and the ongoing experience of building potential technical solutions for a digital euro. The research indicates that there is a…

WASHINGTON — On a day of high drama at an international climate change conference early in his administration, President Barack Obama confronted a senior Chinese official who offered what the American delegation considered a weak commitment. Mr. Obama dismissed the offer. Not good enough.The Chinese official erupted. “What do you mean that’s not good enough? Why isn’t that good enough?” he demanded. He referred to a past conversation with John Kerry, then a Democratic senator from Massachusetts. “I talked to Senator Kerry and Senator Kerry said that was good enough.”Mr. Obama looked at him evenly. “Well,” he replied, “Senator Kerry…

Capri Holdings Ltd.’s stock erased early premarket gains to trade down 2% Wednesday, after the parent of the Michael Kors, Versace and Jimmy Choo brands swung to a loss in its fiscal fourth-quarter as revenue slid more than 10%. Revenue fell at all three brands, and the company CPRI highlighted a challenging environment in its home market, contrasting with strength in China. Other retailers have highlighted the recovering Chinese market, which was still mostly shut down a year ago due to COVID lockdowns. “While…