Author: IA PressRoom

© Reuters. A general view of Tesco, in Oldham, Britain, April 13, 2023. REUTERS/Molly Darlington/FILE PHOTO By James Davey and Sarah Young LONDON (Reuters) -Tesco, Britain’s biggest retailer, said on Friday there were “encouraging early signs” that inflation was starting to ease across the market as it reported a 9% rise in underlying UK sales in its latest quarter. The group, which has an over 27% share of Britain’s grocery market, also reiterated its guidance for broadly flat retail adjusted operating profit, its key profit measure, in the full 2023/24 year. It made 2.49 billion pounds ($3.18 billion) in 2022/23.…

Source: TripleP Studio/AdobeChinese banks will let their customers pay for more wealth management products using the digital yuan, as the nation’s central bank digital currency (CBDC) continues to branch out.Per the Chinese media outlet Financial Report Network (via Stockstar), the state-owned China Construction Bank (CCB) has teamed up with China International Capital Corporation and the securities firms Orient Securities and Guotai Junan Securities.The CICC is a partially state-owned investment management and financial services provider.The financial firms will launch services that allow bank customers to “use their personal digital yuan wallets as a bridge.”They will be able to use CBDC wallets…

© Reuters. Investing.com – The U.S. dollar edged higher in early European trade Friday, rebounding after hefty overnight losses following weak economic data, while the Japanese yen weakened as the Bank of Japan maintained its interest rates at very low levels. At 01:45 ET (05:45 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 101.787, after sliding around 0.8% overnight to a new one-month low. The dollar received a boost earlier in the week when the U.S. forecast at least two more hikes this year, despite pausing its series of rate…

Technology-based omnichannel platform in North America, RumbleOn (NASDAQ:RMBL) price slumps 6.7% on Thursday after market hours as the company filed Form-8K that says CEO and director Marshall Chesrown gave resignation on June 11, effective June 15.The Board of Directors has formed an executive transition committee to identify interim and permanent CEO candidates.Before his departure, the company was advised of certain allegations surrounding Mr. Chesrown’s use of company resources. The independent directors have hired independent counsel to assist in an investigation.

The four leaders of the two appropriations committees, who for the first time are all women, have said from the start that they wanted to bring the 12 spending bills to the floor under “regular order” and avoid what has become an annual ritual where congressional leaders gather in their suites to cut a last-minute deal lumping hundreds of billions of dollars of spending into one take-it-or-leave-it package.As part of the debt limit agreement, Senator Chuck Schumer, Democrat of New York and the majority leader, and Senator Mitch McConnell, Republican of Kentucky and the minority leader, issued a statement pledging…

The ex-first lady of the Virgin Islands consulted Jeffrey Epstein on a sex offender bill, JPMorgan said. She also asked Epstein to pay college tuition for at least one of her kids, the bank said. The filings come as JPMorgan is accused by the Virgin Islands of facilitating Epstein’s alleged crimes. 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 Jeffrey Epstein paid college tuition for the children of the US Virgin Islands’ then-first lady, the same year she consulted him on changes to a…

3/3 © Reuters. FILE PHOTO: A man reads a magazine in front of a stock index board at a bank in Bangkok, Thailand October 17, 2016. REUTERS/Edgar Su/File Photo 2/3 By Rae Wee and Patturaja Murugaboopathy SINGAPORE (Reuters) – Thailand’s stock market has become the symbol of investor disenchantment with China’s economic reopening, going from market darling in January to Asia’s second-worst performing market by June, with little sign of a turnaround. Not only has the promised export boom and tourism boost from China’s return after 3 years of pandemic lockdowns failed to materialise, a political logjam at home has…

Federal Reserve Bank of Atlanta President Raphael Bostic disclosed Thursday he made multiple trades before a Fed meeting last year, despite being prohibited from doing so. According to an annual financial disclosure released Thursday, a money manager for Bostic and his spouse made transactions involving 19 exchange-traded funds on May 2, 2022, ranging in amounts from $1,001 to $50,000. The trades occurred during a two-week blackout period before a Federal Open Market Committee meeting, when Fed officials are barred from making…

More than a dozen Republican Senators are demanding President Biden finally give an answer for why he allowed a Chinese spy balloon to float across the continental U.S. earlier this year.Senate Select Committee on Intelligence Vice Chairman Marco Rubio, R-FL, Senate Committee on Armed Services Ranking Member Roger Wicker, R-MS, said in a new letter that Biden has yet to give a public accounting of the “flagrant violation of U.S. sovereignty.” In the letter, the senators expressed their frustration with Biden, his alleged failure to confront China’s continued threats to America’s security, and are demanding his administration’s assessment of the spy…

Trump made a quick stop at a Cuban restaurant in Miami after his second arraignment on Tuesday. Trump declared “food for everyone” after being greeted with birthday wishes from his supporters. But his fans were left empty-handed when he left the restaurant within 10 minutes. 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 Eager supporters of former President Donald Trump were promised free food, but they were left hanging when he left a Miami restaurant before picking up the tab, per the Miami New Times. On…