Author: IA PressRoom

© Reuters. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford By Arathy Somasekhar (Reuters) – Oil prices edged higher on Thursday, recovering some ground from the previous day’s plunge on worries about future U.S. interest rate hikes, with markets now looking to key Chinese economic data for demand indications. futures climbed 21 cents, or 0.3%, to $73.41 a barrel by 0009 GMT. U.S. West Texas Intermediate (WTI) crude was at $68.50 a barrel, up 23 cents, or 0.4%. Both benchmarks fell 1.5% on Wednesday after the U.S. Federal…

Source: LP2Studio/AdobeStudent athletes from around the world will get the chance to use China’s digital yuan in July, with the CBDC put to use at the Summer World University Games in Chengdu.Per the Chinese media outlet The Cover, the games will become the first “major international sports event” to “officially use the digital yuan following the Beijing Winter Olympics.”The Summer World University Games is a biannual event that sees university students from around the world compete in a number of sports, such as athletics, rowing, swimming, gymnastics, and tennis.Organizers claimed they had “successfully created” public digital yuan wallets that will…

The Federal Reserve’s decision to pause raising its benchmark interest rate is no pause for the anxiety of Americans eyeing ballooning credit-card bills. While it may halt the rise of many credit-card rates for now, the rates for some cards might still rise as some issuers pass on the previous Fed rate hikes, credit-card industry watchers say. “The…

The Accenture logo is seen in this illustration photo in Warsaw, Poland (Photo by Jaap … [+] Arriens/NurPhoto via Getty Images)NurPhoto via Getty Images Investors in 2022 have contended with a war messy war Eastern Europe, worldwide inflation, and supply chain bottlenecks. It’s been a tough slog, yet there are better times ahead. The world is shrinking and expanding at the same time, which is confusing on the surface but makes a lot of sense if you think about it. Deglobalization (shrinkage) means more steel mills, mines, and factories (expansion). It also means opportunities for consultants and semiconductor design firms.…

CNN  —  The US military deployed F-22 fighter jets to the Middle East this week due to concerns about ‘unsafe and unprofessional behavior,’ by Russian aircraft, the US military announced on Wednesday. “Russian Forces’ unsafe and unprofessional behavior is not what we expect from a professional air force. Their regular violation of agreed upon airspace deconfliction measures increases the risk of escalation or miscalculation,” CENTCOM commander Gen. Michael “Erik” Kurilla said in a news release. “Alongside our partners and allies, we are committed to improving the security and stability in the region.” The F-22s are from the 94th Fighter Squadron…

© Reuters. FILE PHOTO: Pedestrians walk past a sailing boat as it passes in front of the central business district (CBD) of Wellington in New Zealand, July 2, 2017. REUTERS/David Gray By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s economy shrank in the first quarter as the central bank’s aggressive hiking of interest rates to a 14-year high hurt businesses and manufacturers, while bad weather hit farms, putting the country into a technical recession. Official data out on Thursday showed gross domestic product (GDP) fell 0.1% in the March quarter, in line with a Reuters poll, and followed a revised 0.7%…

© Reuters. FILE PHOTO: A vehicle is seen near a lithium smelter in Yichun, Jiangxi province, China March 30, 2023. REUTERS/Staff/file photo By Siyi Liu and Dominique Patton YICHUN, China (Reuters) – Down a steep dirt road from the Baishi Huashan lithium mine in southern China, trucks laden with silvery grey ore rumble towards a cluster of smelters in the valley below that have sprung up to cash in on the electric vehicle battery boom. The city of Yichun, China’s most prospective region for lithium, is ground zero in the country’s push to cut its reliance on imports of the…

The U.S. Federal Reserve’s recent decision to maintain its key lending rate has surprised many, as it breaks the trend of rate hikes observed in the past year and a half.This has left some wondering how long the pause will persist, given the persistent inflationary forces in the economy and the challenge of reining in inflation to the target level of 2%.With the macroeconomic backdrop in a state of flux, investors may want to consider how this could impact the selection of the best cryptos to buy now.Despite the pause, the Fed’s benchmark interest rate now stands between 5% and…

LaylaBird/E+ via Getty Images BTIG has initiated coverage of eye drug developer Viridian Therapeutics (NASDAQ:VRDN) with a buy rating, citing its drug candidate for the treatment of thyroid eye disease, or TED. The investment bank said in a note that it sees the product, VRDN-001, as a strong potential competitor to Horizon Therapeutics’ (NASDAQ:HZNP) Tepezza, the current market leader. It noted that Tepezza generated $1.97B in net revenue for fiscal 2022, with peak sales estimated at more than $4B. BTIG added that it sees the the stock’s current “underperformance” as an “attractive entry point” ahead of the expected release of…

A Fox News chyron called Biden a “wannabe dictator” who had his “political rival” Donald Trump arrested. The network responded Wednesday that the message was taken down immediately and “addressed.” Mediaite reported that the message was onscreen for 27 seconds.  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 NEW YORK (AP) — Fox News appeared to express regret Wednesday for showing an onscreen message that called President Joe Biden a “wannabe dictator” who had his political rival arrested.On the day he was arraigned on…