Author: IA PressRoom

There was a huge kerfuffle surrounding the news earlier this month that Edward Enninful was stepping away from his role as editor-in-chief of British Vogue. Meanwhile, the communications team at Condé Nast (Vogue’s publisher) decided to postpone the announcement that Venya Brykalin had just been appointed to the same position at Vogue Ukraine. The country had just suffered a fatal air strike, and so they thought it respectful to pause the press release for a few days.When I saw Brykalin last week at an event in London, he was working on a piece from a writer in Nova Kakhovka, a…

2/2 © Reuters. A customer leaves after speaking with FDIC representatives inside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S., March 13, 2023. REUTERS/Brittany Hosea-Small 2/2 By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials struck a hawkish tone in their first comments since the central bank held the policy interest rate steady at its meeting this week but signaled that rate hikes will likely resume. “Core inflation is not coming down like I thought it would,” Federal Reserve Gov. Christopher Waller said at an economics conference in Norway. “Inflation is just not moving and that’s going…

© Reuters. FILE PHOTO: Faraday Future’s luxury electric car FF91 is seen at the company’s headquarters in Gardena, California, U.S. November 21, 2019. REUTERS/Lucy Nicholson (Reuters) – Electric-vehicle startup Faraday Future Intelligent Electric said on Friday it was planning a reverse stock split for a broader range of financing opportunities. The reverse stock split proposal includes a range between 1-for-2 and 1-for-90 shares of outstanding common stock. The final ratio will be determined by the Board following stockholder approval. The company also pushed back the phase 2 delivery of its FF 91 2.0 Futurist Alliance vehicle from the end of…

Deere’s (NYSE:DE) stock this week rose 7.6% for the biggest gain among large-cap industrial stocks. Its advance helped to lift the Industrial Select Sector SPDR ETF (NYSEARCA:XLI), whose holdings include some of the largest U.S. companies in the sector. The fund rose 3% for the week and touched a 52-week high of $106.60 a share on Friday. The rally for industrial stocks coincided with the fifth straight week of gains for the Standard & Poor’s 500 stock index (SP500) and the eighth straight week of gains for the Nasdaq Composite (COMP.IND). Equities rose even though central banks in the United…

New York CNN  —  Attorneys for Donald Trump are continuing the legal fight to move Manhattan District Attorney Alvin Bragg’s criminal case against the former president from New York state court to federal court. Trump’s lawyers first filed a motion to move the case to federal court in May, arguing that the charges are related to his duties as president. Bragg’s office has argued that Trump’s alleged hush money scheme was largely perpetrated before Trump became president and wants to keep the case at the New York state Supreme Court. A hearing in Manhattan federal court is scheduled for June…

CHICAGO – JULY 1: A newly naturalization U.S. citizen holds an “Oath Of Allegiance” and a U.S. flag … [+] during a naturalization ceremony July 1, 2004 in Chicago, Illinois. (Photo by Tim Boyle/Getty Images)Getty Images There have been many schemes to avoid paying taxes. The IRS has, for years, included these schemes and the related frivolous arguments as part of its Dirty Dozen list, reminding taxpayers “that time and again, these arguments have been thrown out of court.” The U.S. Tax Court recently heard yet another case focusing on such an argument—and ruled against it. Background Petitioner was self-employed…

Tiger Global is falling short in its latest attempt to lure new investors, securing just over $2bn for a fund targeting $6bn after eight months, underscoring concern over valuations of technology companies. New York-based Tiger, which has $60bn of assets, started raising money for its 16th private equity fund in October with the intention of making new investments in companies it believes are undervalued.It completed the “first close” of the fund — at which point funds typically raise more than half the targeted amount — in January and remains well short of the $6bn goal, according to a securities filing…

Source: Adobe / Shutter2USmaller crypto exchanges such as Kraken, Bybit and Bitget are finally getting their time in the spotlight after their more dominant rival FTX collapsed last year, according to findings in a new report from blockchain analytics firm Nansen.In the report, Nansen said the landscape for centralized exchanges (CEXs) has changed after the FTX collapse, with most exchanges taking a hit to their trading volumes as traders got more cautious.Still, there were some notable exceptions to this, with a number of smaller exchanges that instead saw increased trading volumes.Among the exchanges that have seen rising volumes were UAE-based…

© Reuters. FILE PHOTO: The Treasury Department is pictured in Washington, U.S., April 25, 2021. REUTERS/Al Drago By David Lawder WASHINGTON (Reuters) – The U.S. Treasury on Friday said it found that no major U.S. trading partners had manipulated their currencies for an export advantage, adding it ended “enhanced analysis” for Switzerland after the country met only one of three manipulation criteria. In its semi-annual currency report, the Treasury said that Switzerland remains on a “monitoring list” for close attention to foreign exchange and economic policies, along with six other trading partners: China, Taiwan, South Korea, Germany, Malaysia, Singapore. The…

Nvidia Corp. will be the only chip maker positioned to exceed Wall Street expectations in the near term when it comes to servicing the wildly growing artificial-intelligence market, according to one analyst. On Friday, Morgan Stanley chip analyst Joseph Moore switched his “top pick” stock to Nvidia NVDA, +0.09% from Advanced Micro Devices Inc. AMD, -3.35% on the basis that Nvidia was better positioned to make money in the near term. While Moore maintained his overweight rating on AMD, he said “only one company is in a position to beat and raise this year,” and that was Nvidia. “Unlike Nvidia,…