Author: IA PressRoom

© Reuters. Investing.com — Crude prices were on track to their first weekly gain in three, helped by higher refinery demand and a rate cut in China, the world’s number one destination for oil. Offsetting some of the optimism among oil longs was the continuous reminder by officials at the Federal Reserve that the central bank wasn’t done with its own rate hikes despite a .  Fed projections this week signaled two more hikes of a quarter percentage point each before the year-end. Other major central banks are tightening as well, with the Bank of England eyeing a quarter-point increase…

Source: AdobeTether Holdings Ltd. at one point counted securities issued by Chinese companies among the reserves backing its USDT stablecoin, according to Bloomberg News. Tether at a point in time held securities issued by state-owned Chinese companies including Industrial & Commercial Bank of China Ltd., China Construction Bank Corp. and Agricultural Bank of China Ltd, according to documents Bloomberg obtained from the New York State Attorney General’s office. This comes after a Bloomberg investigation from October 2021 found evidence that Tether’s reserves included billions of dollars in loans to Chinese companies. At the time, Tether denied having any exposure to crisis-hit real estate…

The most important retirement investing lesson I take from this week’s publication of “How America Saves” is the importance of patience and discipline. I’m referring to what is perhaps the most comprehensive report on the state of retirement finance in the U.S. It is published annually by Vanguard, which describes the report as “our annual deep dive into the saving behaviors of nearly 5 million defined-contribution plan participants across Vanguard’s business.” Some of Vanguard’s findings are disturbing, showing that many individuals haven’t even begun to save enough to support themselves in retirement. Nevertheless, the firm’s report also shows how these…

CNN  —  President Joe Biden on Friday is marking one year since the passage of the first major gun safety legislation in a generation during a summit in Connecticut, as gun violence reaches record levels in the United States and additional congressional action remains stalled. Last year, Biden signed legislation called the Bipartisan Safer Communities Act into law – a significant breakthrough on one of the most contentious policy issues. The administration has also implemented two dozen executive actions to try to reduce gun violence. But in the absence of congressional action, the White House has turned their focus to…

Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page. If you’re a saver who likes to have easy access to your account, you might like a money market account. A money market account is a type of savings account that usually has a tiered interest rate or easy access to your account through check writing or a debit card.The best money market account rate is 5.25% APY from…

© Reuters. By Daina Beth Solomon MEXICO CITY (Reuters) -U.S. labor officials on Friday asked Mexico to investigate alleged worker rights abuses at a Grupo Mexico mine in the central state of Zacatecas, the 11th U.S. labor complaint in Mexico under a 2020 trade pact. The U.S. request follows a petition from a Mexican union, Los Mineros, along with two major U.S. labor organizations, the AFL-CIO and the United Steelworkers. The groups alleged Grupo Mexico resumed operations at its San Martin lead, zinc and mine even as a strike was in place. They also said the company bargained with a…

By Timour Azhari, Amina Ismail and Ahmed Rasheed BAGHDAD (Reuters) – Helped by buoyant oil prices and a period of political calm at home and in the region, Iraq appears more stable than any time since the U.S.-led invasion, although the government’s bid to cement gains with a budget splurge may prove a shaky foundation. In office since October, Prime Minister Mohammed Shia al-Sudani has launched a programme to rebuild infrastructure and attract foreign investors, but analysts say the plans are at risk from an uncertain oil price outlook and face the challenge of maintaining delicate diplomacy in a volatile…

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Democrat presidential candidate Robert F. Kennedy, Jr. said he has to “be careful” that the CIA doesn’t take him out.Kennedy told podcast host and comedian Joe Rogan that he thinks he would be assassinated by the CIA if elected president — as he has claimed the agency was involved in the assassination of his uncle, the late President John F. Kennedy.”I gotta be careful,” Kennedy said. “I’m aware of that, you know, I’m aware of that danger. I don’t live in fear of it at all.”RFK JR.’S LAWSUIT SPOTLIGHTS ALLEGED MEDIA COLLUSION TO CENSOR ‘MISINFORMATION’ Democrat presidential candidate Robert F.…

In this handout photo released by Kazakhstan’s Presidential Press Office, Kazakh President … [+] Kassym-Jomart Tokayev, right, and Emir of the State of Qatar Sheikh Tamim bin Hamad Al Thani pose for a photo prior to their talks in Astana, Kazakhstan, Wednesday, June 7, 2023. (Kazakhstan’s Presidential Press Office via AP)Kazakhstan’s Presidential Press Office Held in Kazakhstan’s Congress Center, an organic shaped, sci-fi structure that looks like the kind of out-of-this world Mother Ship design seen from Cupertino, California to Abu Dhabi in the Emirates, Astana held its international forum last week. Astana, the capital city of Kazakhstan, has been…