Author: IA PressRoom

© Reuters. FILE PHOTO: A smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Corrects headline to remove extraneous word) (Reuters) – Binance, Binance.US and the Securities and Exchange Commission (SEC) announced a deal to ensure that only Binance.US employees could access customer funds, CoinDesk said on Saturday.

U.S. stocks ended down Friday without derailing the S&P 500 index and Nasdaq Composite from extending their long weekly win streaks. Investors cheered signs this week that the Federal Reserve’s interest rate hikes have helped to cool inflation, but have yet to drive the U.S. economy into a recession.How stock indexes traded The Dow Jones Industrial Average DJIA, -0.32% fell 108.94 points, or 0.3%, to close at 34,299.12. The S&P 500 SPX, -0.37% shed 16.25 points, or 0.4%, to finish at 4,409.59. The Nasdaq Composite COMP, -0.68% slid 93.25 points, or 0.7%, to end at 13,689.57. For the week, the…

Why It Matters: Dr. Cohen will oversee the C.D.C.’s response to public health crises.The appointment does not require Senate confirmation, meaning Dr. Cohen can assume leadership of the C.D.C. as soon as Dr. Walensky steps down. Congress recently passed legislation requiring the agency’s director be confirmed, but the provision does not take effect until 2025.In her own statement Friday, Dr. Walensky called Dr. Cohen “perfectly suited to lead C.D.C. as it moves forward by building on the lessons learned from Covid-19.”The Biden administration allowed the federal Covid public health emergency declaration to lapse in May. Dr. Cohen will oversee the…

A two-year prison sentence for a woman in England who terminated a pregnancy after the legal time limit has alarmed abortion rights advocates and prompted calls for reform of the Victorian statute under which the mother of three was convicted.Labour MP Stella Creasy said the criminal legal regime that governs the procedure was “arcane” and meant women were at risk of being “prosecuted for exercising what we consider to be a human right”. Campaigners demanding decriminalisation of abortion plan to march from London’s Royal Courts of Justice to Westminster on Saturday. Anti-abortionists say the late-stage termination demonstrates the need for…

© Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo TEGUCIGALPA (Reuters) – Honduran economic growth is seen slowing to about 3% in 2023, the International Monetary Fund (IMF) estimated in a statement issued on Friday, pointing to fewer remittances and pressures on the energy and farm sectors stemming from drought conditions. The Central American country’s economy expanded by 4% last year, according to official data, and the government has forecast gross domestic product growth of between 3.5% and 4.0% this year. The slowdown is…

whyframestudio Bitcoin (BTC-USD) on Friday was on track to end the week about 0.5% lower, with the world’s largest cryptocurrency by market capitalization paring back a chunk of its weekly losses on optimism over BlackRock’s (BLK) filing for a bitcoin ETF. The world’s largest asset manager on Thursday filed paperwork with the U.S. Securities and Exchange Commission (SEC) to establish a spot bitcoin ETF, to be known as the iShares Bitcoin Trust. The filing named Coinbase (COIN) as the custodian for the ETF’s holdings. If approved, it would be the first publicly traded spot bitcoin ETF in the country. The…

CNN  —  Abortion will remain legal in Iowa for up to 20 weeks after the state Supreme Court on Friday declined to lift a block on a six-week ban. In a 3-3 decision, the state’s high court could not reach a consensus on whether it should overturn a lower court decision to strike down Iowa’s restrictive “fetal heartbeat” law, which was passed in 2018. The law sought to prevent doctors from performing an abortion if a fetal heartbeat is detected, which can happen as early as six weeks into a pregnancy, before many women even know they are pregnant. Calling…

© Reuters. The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. REUTERS/Elizabeth Frantz/file photo SAN JOSE (Reuters) – The World Bank approved a new $500 million loan to Costa Rica aimed at strengthening support for the government’s budget, according to a statement from the international lender released on Friday. The loan will support the Central American country’s post-pandemic efforts to grow employment and wages and assist small and medium-sized companies. “While Costa Rica has made much progress in the environmental, economic, and…

Source: AdobeNew York Stock Exchange listed company Bakkt is delisting Solana, Polygon and Cardano citing regulatory uncertainty, according to Fortune. This comes days after the US Securities and Exchange Commission said those three cryptocurrencies, among others, are securities. Marc D’Annunzio, Bakkt general counsel and secretary, told Fortune in a statement published on Friday that the company was taking proactive steps “ “until there is further clarity on how to compliantly offer a more extensive list of coins.”Bakkt’s move comes less than a week after Robinhood made a similar move, saying it would end support for those cryptocurrencies on June 27. SEC’s pursuit The SEC…

Bank deposits fell slightly last week and lending also declined for the first time in a month, the Federal Reserve reported Friday, but there was little sign of major stress in the U.S. financial system. Total bank lending declined by $49 billion to $12.09 trillion in the seven days ending June 7, the Federal Reserve reported Friday. Big banks accounted for almost all the decline in loans. Total bank deposits, meanwhile, slipped by $79 billion last week to $17.2 trillion. All figures are taken from the Federal Reserve’s weekly H8 survey and are seasonally adjusted. Key details: Commercial and industrial…