Author: IA PressRoom

© Reuters. The headquarters of the European Central Bank (ECB) are pictured in Frankfurt, Germany, July 8, 2020. REUTERS/Ralph Orlowski A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. A day after the Federal Reserve took markets by surprise with a hawkish message, it’s the European Central Bank’s turn in the hot seat. Short-dated government bond yields in the United States and Europe are heading back up and bullish stock markets are starting to feel, well a little bit less bullish. While the Fed was widely expected to, and did, keep rates unchanged, the U.S.…

© Reuters Investing.com — U.S. stock futures edged lower Thursday as investors digested the outcome of the latest Federal Reserve policy-setting meeting, ahead of the release of a plethora of economic data. By 06:50 ET (10:50 GMT), the contract was down 85 points or 0.3%, traded 20 points or 0.5% lower, and dropped 110 points or 0.7%. The main Wall Street indices closed in a mixed fashion Wednesday after the Fed paused its year-long rate-hiking cycle, but also signaled the likelihood of more interest rate increases ahead.  The blue-chip dropped over 230 points or 0.7%. The broad-based gained 0.1%, its…

Ault Alliance (NYSE:AULT) will sell centrally located, multifamily property in St. Petersburg, Florida, previously acquired through its subsidiary, Ault Global Real Estate Equities in 2021 for $15.5M. The company intends to take advantage of the growing demand and market interest. Milton “Todd” Ault, III, the company’s Founder and executive chairman, stated, “Our strategic decision to seek a sale of this property stems from recognizing the impressive market interest and value the property holds. This is a compelling opportunity to generate a profit from this property, from which the Company will repay and reduce outstanding debt. Such a sale would bolster…

When Donald J. Trump responded to his latest indictment by promising to appoint a special prosecutor if he’s re-elected to “go after” President Biden and his family, he signaled that a second Trump term would fully jettison the post-Watergate norm of Justice Department independence.“I will appoint a real special prosecutor to go after the most corrupt president in the history of the United States of America, Joe Biden, and the entire Biden crime family,” Mr. Trump said at his golf club in Bedminster, N.J., on Tuesday night after his arraignment earlier that day in Miami. “I will totally obliterate the Deep…

Photo by Dinendra Haria/SOPA Images/LightRocket via Getty ImagesLightRocket via Getty Images The ASOS share price has surged on news that the retailer’s freshly-minted turnaround plan has helped it return to profitability. At 376.5p per share the business was last 14.8% higher on Thursday and leading the FTSE 250 northwards. ASOS said that sales weakness across all its territories meant group revenues fell 11% in its third quarter, to £858.9 million. At constant exchange rates turnover slipped 14% year on year. Sales in its core UK marketplace dropped 14% in the three months to May, while the top line shrunk 4%…

UK pub chain Fuller’s has solved some of its post-Brexit staffing shortages by taking on more people who are over-50 or have not previously worked in the industry, the group’s chief executive has said. Simon Emeny said Fuller’s had “alleviated” labour shortages by taking on more older staff and 16 to 18-year-olds, as well as partnering with organisations that help people who are homeless or have learning disabilities to find jobs. Emeny said a “perfect disastrous storm” of European workers returning to their native countries and UK workers leaving the labour market had led to “chronic” labour shortages after the…

© Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 16, 2023. REUTERS/Brendan McDermid (Reuters) – U.S. stock index futures edged lower on Thursday as the Federal Reserve signaled that interest rates could increase further this year after it skipped raising them in its latest meet. The Fed, which left rates unchanged at the 5%-5.25% range on Wednesday, indicated that borrowing costs could rise by at least half a percentage point this year as inflation remains stubbornly persistent and the U.S. economy remains resilient. Traders now see a 72% chance…

© Reuters. FILE PHOTO: Branding is displayed for Vodafone at one of its stores in London, Britain, June 14, 2023. REUTERS/Toby Melville/ FILE PHOTO By Paul Sandle LONDON (Reuters) -It has taken months of tortuous negotiations for Vodafone (NASDAQ:) and CK Hutchison to agree a deal to create Britain’s biggest mobile operator, but from a regulatory standpoint the hard work is only just beginning. The $19 billion tie-up will be scrutinised by Britain’s Competition and Markets Authority, the antitrust regulator which made global headlines in April when it blocked Microsoft (NASDAQ:)’s $69 billion acquisition of “Call of Duty” maker Activision…

© Reuters. FILE PHOTO: Solar panels are arrayed on Earth Day in Athol, Massachusetts, U.S., April 22, 2022. Picture taken with a drone. REUTERS/Brian Snyder/File Photo (Reuters) – A new regulation will formalize a roughly 80% cut in project fees for wind and solar energy developments on federal lands under a proposal by the Biden administration on Thursday as part of a strategy to boost renewable energy to fight climate change. The Interior Department’s U.S. Bureau of Land Management (BLM) last year had lowered rent fees and lease rates for solar and wind by about 50%, using departmental authority, after…

Source: UnsplashTether’s stablecoin USDT has lost its dollar peg after two major pools for stablecoin trading became heavily imbalanced.On-chain data shows traders have been exchanging millions of dollars worth of USDT for other popular stablecoins like USDC and DAI on Uniswap and Curve pools.On Thursday, USDT balances on Curve’s popular 3pool, a stablecoin swapping pool comprised of USDT, USDC, and DAI, rose to over 70%, suggesting traders had swapped tens of millions of USDT for USDC and DAI.The ideal balance of the Curve 3Pool should be 33.33% for each of the three stablecoins – USDT, USDC and, DAI.However, the imbalance…