Author: IA PressRoom

Hundreds of punters have placed a bet on whether Reddit will reverse its API pricing move. BetUS told Insider that people are “undecided” about the site walking back that decision. Almost all bets think Steve Huffman will still be CEO of Reddit by the end of the year. 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 As the blackout protests on Reddit continue, the battle is starting to attract attention from spectators who are betting on how it might play out.Hundreds of people are…

© Reuters. Russian President Vladimir Putin delivers a speech during a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 16, 2023. Ramil Sitdikov/Host photo agency RIA Novosti via REUTERS (Reuters) – African leaders hoping to mediate in the Ukraine conflict were welcomed to a government palace near St Petersburg on Saturday by Russian President Vladimir Putin. Ukrainian President Volodymyr Zelenskiy had said after meeting the leaders in Kyiv on Friday that peace talks with Russia would be possible only after Moscow withdrew its forces from occupied Ukrainian territory. He added that he could not…

UNG and KOLD among ETF weekly movers

CNN  —  Years before he said he was running for president to “defeat the cult of gender ideology,” Donald Trump welcomed and praised the inclusion of transgender women in the Miss Universe pageant. In since unreported radio and television interviews from spring and summer 2012, Trump celebrated the interest in a 23-year-old transgender woman named Jenna Talackova participating in a Canadian pageant. He then later effusively praised the winner of the Miss USA pageant, Olivia Culpo, for saying that transgender women should be allowed to compete. Trump, then the owner of the Miss Universe pageant, would go on to cite…

Future Toyota electric vehicles could include simulated manual transmissions. The new models will even simulate the experience of the car stuttering if drivers mess up. Drivers can choose to disable these features if returning to manual is too daunting. 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 Toyota’s future electric vehicles may come with an extra hit of nostalgia for seasoned drivers: a fake manual transmission.The feature would allow drivers to simulate manual transmission through a fake clutch that would send signals to the…

UBS chief executive Sergio Ermotti has given the clearest indication yet that his bank intends to keep hold of Credit Suisse’s domestic business in spite of fierce opposition within the country.Speaking at a company-wide meeting this week, Ermotti told Credit Suisse staff that retaining the Swiss bank and merging it with UBS’s domestic business was still the “base case scenario”, according to people who were present.He added: “I don’t think that there is any meaningful value creation [from a spin-off] for clients because the combined organisation can already address all of their needs.”The fate of Credit Suisse’s domestic business has…

2/2 © Reuters. Iranian Foreign Minister Hossein Amir-Abdollahian meets with Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan Al Saud in Tehran, Iran June 17, 2023. Majid Asgaripour/WANA via REUTERS 2/2 (Reuters) – Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan arrived in Iran on Saturday amid a rapprochement between the two Middle East arch-foes, Iranian state TV said. Iran and Saudi Arabia agreed in March, in a deal brokered by China, to end a diplomatic rift and reestablish relations following years of hostility that had endangered regional stability including in Yemen, Syria and Lebanon. Iran officially reopened its embassy…

There’s a 67.7% probability that the U.S. stock market will rise over the second half of 2023. That’s the conclusion I reached when comparing this year to all prior calendar years since the Dow Jones Industrial Average DJIA, -0.32% was created in 1896. I focused on those years in which valuation indicators showed the market to be as overvalued as it is today, for example. I also focused on years like this one — in which the market rose for the first half of the year, it’s the third year of the U.S. presidential term, inflation’s 12-month rate of change…

The public image of President Biden’s “Union Joe” persona rests largely on his longtime affiliations with labor unions representing police officers, firefighters and building-trade workers.But the modern labor movement that is gathering Saturday in Philadelphia to endorse Mr. Biden’s 2024 re-election campaign is younger, more diverse and has far more women than the union stereotype Mr. Biden has embraced during the decades he was building his political identity.“You think about it as the dude with a cigar, and it’s just not that,” said Randi Weingarten, the president of the American Federation of Teachers. “I’m sure there’s still dudes with cigars, but…

close up shot of certificategetty Bill Gross is one of the great characters in the investment world: flamboyant, bold—and generally disliked by those who worked for him. But his PIMCO Total Return Fund saw over 9% annualized returns in its first decade, despite being a supposedly “boring” bond fund. Those gains made Gross one of the most powerful people on Wall Street—so much so that during the subprime mortgage crisis of 2007 to 2009, the government called on PIMCO to help take care of the toxic assets that had sparked the worst recession in a century. Gross, for his part,…