Author: IA PressRoom

© Reuters. U.S. House Speaker Kevin McCarthy (R-CA) departs after reaching a tentative deal with President Joe Biden to raise the United States’ debt ceiling and avoid a catastrophic default, at the U.S. Capitol in Washington, U.S. May 27, 2023. REUTERS/Nathan Howar WASHINGTON (Reuters) – U.S. House Speaker Kevin McCarthy on Sunday said he expects a debt ceiling deal he struck with the White House to attract support from a majority of House Republicans. McCarthy told Fox News that more than 95% of House Republicans were very excited about the agreement and that it included pay-go restrictions that would prevent…

© Reuters. Investing.com– Gold prices hovered around two-month lows on Friday and were set for steep weekly losses as concerns over raising the U.S. debt ceiling and expectations of high interest rates saw investors pivot into the dollar.  The yellow metal was down about 2% in its worst week since late-January, falling in tandem with a sharp rise in the , which hit a two-month high against a basket of currencies. The losses in gold saw the yellow metal mark a sharp reversal from record highs hit earlier in May, as easing concerns over an immediate banking crisis sapped the…

Source: AdobeStock / f11photoThe Hong Kong Police Force has launched CyberDefender, a new metaverse platform aimed at educating the public about the potential dangers associated with Web3 and the metaverse. The platform, developed by the Cyber Security and Technology Crime Bureau (CSTCB), was created to prepare Hong Kong citizens for the challenges ahead in the digital age, with a focus on technology crime prevention, the government said in a recent statement. CSTCB’s chief inspector Ip Cheuk-yu said CyberDefender is a necessary step towards ensuring citizen safety in the metaverse. Speaking at the platform’s official launch event, he urged attendees to exercise caution while…

© Reuters. FILE PHOTO: Coins and banknotes of Japanese yen are seen in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Friday after the yen fell to a six-month low against the dollar that currency rates should be set by markets based on economic fundamentals. “Currency rates should be determined by markets based on fundamentals,” Suzuki told a news conference after a regular cabinet meeting. “We will continue to watch market moves closely.” The Japanese currency earlier weakened beyond 140 yen to the dollar,…

A day after striking a deal in principle with President Biden to raise the debt limit, Speaker Kevin McCarthy and his leadership team began an all-out sales pitch on Sunday to rally Republicans behind a compromise that was drawing intense resistance from the hard right.To get the legislation through a fractious and closely divided Congress, Mr. McCarthy and top Democratic leaders must cobble together a coalition of Republicans and Democrats in the House and the Senate willing to back it. Members of the ultraconservative House Freedom Caucus have already declared war on the plan, which they say fails to impose…

Warning: PUBGY is at high risk of cutting its dividend

WASHINGTON, DC – MAY 22: U.S. President Joe Biden meets with House Speaker Kevin McCarthy (R-CA) in … [+] the Oval Office of the White House on May 22, 2023 in Washington, DC. Biden and McCarthy were meeting to discuss raising the debt limit in an effort to avoid a default by the federal government. (Photo by Drew Angerer/Getty Images)Getty Images At last the debt ceiling debacle looks close to being over. At least until the next time. It’s the worst political theatre possible and it happens time after time after time. Yet somehow much of the media always goes…

getty Tax return season is over, but there are tax-saving opportunities to consider between now and the end of the year. Here are a few IRA strategies to review and consider. Qualified charitable distributions (QCDs). If you’re over age 70½, have a traditional IRA, and make charitable contributions, you probably should be making those charitable contributions using QCDs. You direct the IRA custodian to make a distribution to a charity. The distribution isn’t included in your gross income, but it counts toward your required minimum distribution (RMD) for the year, if you have one. Conversions to Roth IRAs. I explained…

The head of the GMB union, one of Labour’s biggest donors, has called on party leader Keir Starmer to scrap plans to ban all new North Sea fossil fuel extraction licences.Gary Smith said there was a “national security imperative” to keep Britain’s oil and gas industry alive given the country will keep using those fuels for decades even under its “Net Zero 2050” target.“It would be self-defeating not to maximise extraction from our own oil and gas, and that’s going to be a difficult debate but it’s one we’ll have to face down,” the GMB general secretary said in an…

© Reuters. FILE PHOTO: Former Jerusalem Mayor and Knesset member Nir Barkat speaks to reporters during an interview with Reuters at his home in Jerusalem, October 6, 2021. REUTERS/Nir Elias/File Photo By Steven Scheer JERUSALEM (Reuters) – Israel’s competition watchdog sought more data on Sunday from the country’s banks relating to an investigation, saying they were enjoying huge profits from higher interest rates on loans but weren’t adequately sharing the benefits with customers. The investigation, which began in 2022, wasn’t made public prior to Sunday. In a bid to rein in inflation, the Bank of Israel last week raised its…