Author: IA PressRoom

© Reuters Investing.com– Gold prices moved little on Friday as markets weighed contrasting expectations for more rate hikes from the Federal Reserve, while copper was set for a strong weekly finish on more stimulus measures from top importer China. Gold heads for muted weekly close While gold saw large swings this week, the yellow metal stayed largely within a tight trading range seen over the past month, as mixed signals from the Fed and the U.S. economy offered little cues for a breakout in either direction. was flat at $1,958.26 an ounce, while steadied at $1,970.45 an ounce by 20:27…

Source: ungvar/AdobeUkrainian regulators are prepared to start taxing crypto gains at 18% from 2024, with lawmakers set to vote on proposals this fall.Per Forbes Ukraine, the National Commission for Securities and the Stock Market is set to unveil a draft law, which will be set before lawmakers at the next parliamentary session.The market regulator’s proposals include creating a flat-rate 18% tax on “income” from crypto “investments,” but military servicepeople will only need to pay 1.5%.Commission member Yuriy Boyko said:“We hope that the law will be adopted in September, and will come into force in 2024.”The commission also proposes granting itself…

Shares of Virgin Galactic Holdings on Thursday made a scorching run higher after the space-travel company said it plans to begin offering commercial flights into space near the end of this month, a significant breakthrough for the nearly 20-year-old company founded by Richard Branson. Shares rocketed 44% after hours on the news. “We’re opening…

CNN  —  Florida Gov. Ron DeSantis on Thursday signed his state’s budget, a $117 billion spending plan filled with priorities that have already become fodder for the Republican’s 2024 presidential campaign. There’s $12 million in there to continue the flights carrying migrants from border states to blue jurisdictions for a second year. Another $25 million was set aside to remake New College, a small liberal arts college on Florida’s west coast, into a new model for a conservative public university. And it factors in tax breaks on babycare products like diapers and a multi-billion dollar expansion of school choice that…

More than 1.7mn UK households waited “too long” to receive financial support during last year’s energy crisis because of limited government “bandwidth”, an influential cross-party group of MPs has found. In a report published on Friday, the House of Commons public accounts committee said roughly 900,000 customers in England, Scotland and Wales and 836,000 in Northern Ireland had to wait longer than others to receive monthly payments towards their energy bills.Criticising the delays, the PAC also warned that it was “very concerned” about ministers’ “lack of urgency” in reforming the energy market in order to prevent energy bills spiralling in…

By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Beijing resident Hu Yongwei bought more than a dozen apartments in the small central Chinese city of Hebi for about $31,000 in all, betting they will be financially more rewarding than other investments. Hu, who mostly acquired two- or three-bedroom apartments built about three decades ago, spent 18,000 yuan ($2,528) this month in purchasing his 15th property in Hebi, where prices have plunged over the last two years. “The flats were sold very cheaply, like cabbage,” the 39-year-old said, adding his family’s bad experience with the stock market has made…

© Reuters. FILE PHOTO: Customers wait outside as an employee enters the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki/File Photo (Reuters) -The U.S. banking regulator is seeking bids for the sale of collapsed Silicon Valley Bank’s German assets, according to a Thursday notice posted on its website. The U.S. Federal Deposit Insurance Corporation (FDIC) is inviting bids for SVB’s $460 million asset portfolio, including loans and leases, in Frankfurt and Berlin. The deadline for submission is July 19, according to the announcement. The regulator said it will open the German branch’s…

Toltek/iStock via Getty Images Prices for U.S. wheat, soybeans and corn all surged Thursday on the Chicago Board of Trade, as forecasts for continued dry weather in key areas of the Midwest crop belt raised concerns about yield prospects. The latest weekly data from the U.S. Department of Agriculture estimated 57% of the domestic corn crop and 51% of soybeans are dealing with drought conditions, up 12% from last week for both, as the trouble spreads in the Midwest and Plains. A three-month seasonal drought outlook by the U.S. Climate Prediction Center forecast drought conditions persisting or developing from eastern…

A federal grand jury on Thursday indicted Jack Teixeira, a Massachusetts Air National Guardsman who posted dozens of secret intelligence reports and other sensitive documents on a social media server, on six counts of retaining and transmitting classified national defense information.The filing of criminal charges in Boston federal court against Airman Teixeira, 21, comes about two months after F.B.I. agents arrested him at his home in North Dighton, Mass., and paves the way for a trial stemming from one of the most damaging national security leaks in recent history. If convicted, he could face up to 60 years in prison.The…

Charger with Tesla logo at a Supercharger rapid battery charging station for the electric vehicle … [+] company Tesla Motors, in the Silicon Valley town of Mountain View, California, August 24, 2016. (Photo by Smith Collection/Gado/Getty Images).Getty Images Tesla Inc (TSLA) had a bear market decline of 67.5% from the high of $313.80 set on September 21, 2022, to the low of $101.81 set on January 6, 2023. The date of the high was a negative key reversal day. The date of the low was a positive key reversal day. The bull market gain from the January 6 low to…