Author: IA PressRoom

At the height of Speaker Kevin McCarthy’s quest for his post in January, Representative Chip Roy, Republican of Texas, darted from meeting to meeting ensuring that hard-line conservatives got what they wanted before agreeing to back the California Republican.One by one, nearly all of their demands were met in what Mr. Roy would later call a “power-sharing” agreement between Mr. McCarthy and his right flank. The hard right won three seats on the influential House Rules Committee (one went to Mr. Roy); a commitment from Mr. McCarthy that Republicans would never raise the debt ceiling without deep spending cuts; and…

VCG As the world’s two largest economies move increasingly farther apart, companies that fear of getting hurt by the fallout are making moves. Some are diversifying or relocating their business operations to friendlier regions, while others are doubling down on their lobbying efforts to make sure they are not harmed. Tesla (NASDAQ:TSLA) is but one of the firms navigating the tricky waters, and even prompted Elon Musk’s first visit to the country since a launch ceremony at Gigafactory Shanghai in January 2020 (remember the dance moves?) Thought bubble: China represents Tesla’s (TSLA) largest market outside the U.S. (22% of its…

A cruise-ship passenger spoke of his surprise at surviving a storm while at sea. Bill Hassler told CNN that a wave broke the window of his cabin and let water in. The Carnival Sunshine had been returning from the Bahamas and heading for South Carolina. 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 passenger on board a cruise ship that was caught up in a terrifying storm while sailing to Charleston, South Carolina, says he feared for his life. A storm off the Southeastern…

© Reuters Investing.com — The stage is set for a dramatic vote on the debt ceiling bill in the House of Representatives as the June 5 default deadline ticks ever closer. Meanwhile, disappointing economic data casts doubt over the strength of China’s post-COVID recovery and Goldman Sachs reportedly plans fresh job cuts. 1. Debt ceiling deal heads to the House The U.S. House of Representatives could vote on a bill to raise the $31.4 trillion debt ceiling as soon as today, with only days left until the country could tip into a damaging default. Despite objections from hard-line conservative Republicans,…

© Reuters. FILE PHOTO: Venezuela’s Oil Minister and President of the Venezuelan state oil company PDVSA Pedro Tellechea attends a news conference at the Miraflores Palace, in Caracas, Venezuela May 3, 2023. REUTERS/Leonardo Fernandez Viloria By Tibisay Romero, Deisy Buitrago and Marianna Parraga VALENCIA/CARACAS (Reuters) – The new CEO of Venezuelan state-run PDVSA is targeting endemic corruption at the financially troubled oil company while hoping to win over its 95,000 workers, a move critical to securing much needed cash for the country, home to the world’s largest crude reserves. Pedro Tellechea, a 47-year-old mechanical engineer, took command of PDVSA in…

Source: AdobeStock / OceanProdDigital art organization Fingerprints DAO has teamed up with Dutch artist Harm van den Dorpel and German car giant Mercedes Benz on a generative art non-fungible token (NFT) collection. “Maschine. Coming soon — a collection about velocity and perception,” the Fingerprints DAO website states. The project is supported by Mercedes-Benz NXT, the arm of the company dedicated to Web3.According to the FAQ, the collection will be capped at 1,000 Ethereum-based, unique generative pieces.Per last week’s Twitter thread, the team is now introducing “the first three core collections” of Mercedes-Benz NX. Core collections are official Mercedes-Benz digital objects planned,…

© Reuters. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao By Harry Robertson and Kevin Buckland LONDON/TOKYO (Reuters) – The U.S. dollar rose strongly on Wednesday to a more than two-month high after data showed European inflation is cooling quicker than expected and China’s recovery is sputtering. The euro was last down 0.67% at $1.066, the lowest since March 20. That helped the , which measures the greenback against six major peers, climb 0.51% to 104.6, its highest since March 16. Data on Wednesday showed that inflation in France…

Washington CNN  —  Rosalynn Carter, the former first lady of the United States and wife of former President Jimmy Carter, has dementia, the Carter Center announced on Tuesday. “The Carter family is sharing that former First Lady Rosalynn Carter has dementia. She continues to live happily at home with her husband, enjoying spring in Plains and visits with loved ones,” the center announced. Additional details about Carter, 95, were not immediately provided and the Center said it did not expect to comment further. The Center said that, in sharing news of Carter’s diagnosis, it helped to “increase important conversations at…

U.S. stock futures were lower Wednesday after data signaling a slowing Chinese economy sparked risk-off trading across markets.How are stock-index futures trading On Tuesday, the Dow Jones Industrial Average DJIA fell 51 points, or 0.15%, to 33043, the S&P 500 SPX increased 0 points, or 0%, to 4206, and the Nasdaq Composite COMP gained 42 points, or 0.32%, to 13017.What’s driving markets Disappointing…

SINGAPORE, SINGAPORE – MAY 27: A model of Mirage on display at the World Premiere of Paramount … [+] Pictures’ “Transformers: Rise of the Beasts” at Marina Bay Sands on May 27, 2023 in Singapore, Singapore. (Photo by Annice Lyn/Getty Images for Paramount Pictures)Getty Images for Paramount Pictures Paramount Global stock (NASDAQ NDAQ : PARA) has had a tough year, declining by about 12% year-to-date, underperforming the S&P 500 which has risen by about 10% over the same period. The stock also remains down by over 50% in the last 12 months. The markets have been penalizing Paramount PARA for…