Author: IA PressRoom

© Reuters. FILE PHOTO: Souvenir tokens representing cryptocurrency Bitcoin plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic (Reuters) – dropped 3.65% to $24,987 at 2103 GMT on Wednesday, losing $947 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 19.5% from the year’s high of $31,035 on April 14. Ether, the coin linked to the blockchain network, dropped 5.36% to $1,646.1, losing $93.3 from its previous close.

scanrail/iStock via Getty Images Vertex Energy (NASDAQ:VTNR) +3.8% post-market Wednesday after saying it received approval from the Environmental Protection Agency for the generation of D4 RIN credits under the U.S. Renewable Fuel Standard for each gallon of renewable fuel produced at its Alabama refinery. Vertex (VTNR) said the facility currently produces ~5.5K bbl/day, with plans to increase toward the Phase 1 installed capacity target of 8K bbl/day by the end of Q2, in-line with previously disclosed targets. The company started commercial production at the former Shell refinery last month, and entered into a new working capital facility with Macquarie Group…

Hawaii’s Halemaʻumaʻu crater flooded with fresh lava on the morning of June 7. Soon after, geologists flew down to the crater floor to collect samples of the fresh lava. Watch as the scientists walk within inches of the lava lake as it erupts red-hot lava fountains. 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 It requires a certain set of guts to chopper into the smoking caldera of an erupting volcano. But these geologists have what it takes.The Halemaʻumaʻu crater floor in this video…

CNN  —  Here’s a look at the life of Donald Trump, the 45th president of the United States. Birth date: June 14, 1946 Birth place: New York, New York Birth name: Donald John Trump Father: Fred Trump, real estate developer Mother: Mary (Macleod) Trump Marriages: Melania (Knauss) Trump (January 22, 2005-present); Marla (Maples) Trump (December 1993-June 1999, divorced); Ivana (Zelnicek) Trump (1977-1990, divorced) Children: with Melania Trump: Barron, March 20, 2006; with Marla Maples: Tiffany, October 13, 1993; with Ivana Trump: Eric, 1984; Ivanka, October 30, 1981; Donald Jr., December 31, 1977 Education: Attended Fordham University; University of Pennsylvania, Wharton…

. In this article I use AAII’s A+ Investor Stock Grades to give you insights into three semiconductor stocks benefiting from high demand across numerous industries. For investors focused on companies that supply key components for vehicles, 5G and the Internet of Things (IoT), consider the three semiconductor stocks of Advanced Micro Devices (AMD), Jabil (JBL) and Texas Instruments (TXN). Semiconductor Industry Has a Promising Start to 2023 Semiconductors are used in the manufacturing of various kinds of electronic devices, including diodes, transistors and integrated circuits. These devices have found wide application in most electronic appliances, from refrigerators and rice…

© Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo in Washington, United States, September 4, 2018. REUTERS/Yuri Gripas By Ariba Shahid (Reuters) – The International Monetary Fund (IMF) on Thursday expressed dissatisfaction with Pakistan’s recently presented budget, a blow for the cash-strapped country which has only two weeks left until its bailout programme expires. Pakistan has barely enough currency reserves to cover one month’s imports. It had hoped to have $1.1 billion of the funds released in November – but the IMF has insisted on a number of conditions before it makes any more disbursements. With time for only…

© Reuters. Investing.com — Lennar Corporation (NYSE:) shares bounced in late trading after beating expectations on the top and bottom lines. The net earnings of $2.94 a share, excluding mark-to-market gains on technology investments, on revenue of $8 billion.  Analysts expected home builder Lennar to report revenue of $7.2B and earnings per share of $2.31. Deliveries totaled 17,074 homes, and new orders reached 17,885 in the second quarter, both above guidance. Lennar Executive Chairman Stuart Miller said the housing market continued to normalize and recover from last year’s rapid interest rate increases. “As consumers have come to accept a ‘new…

© Reuters. Investing.com — If the economy doesn’t spoil the party for oil bulls, then it looks like inventories will. Crude prices fell almost 2% Wednesday, clawing back most of their gains from the previous session, after data showed crude stockpiles grew seven times more than expected last week.  The Federal Reserve’s caution that it could resume rate hikes in July, after this month following 10 straight increases, also dampened the mood for risk-taking across markets. Rate hikes and recession worries are partly responsible for this year’s 15% drop in crude prices. “Crude prices declined after both a mostly bearish…

The Federal Reserve’s decision to keep interest rates unchanged and their projection of potential rate hikes later this year have significant implications for the financial markets. As the US central bank responds to a stronger-than-expected economy and a slower decline in inflation, investors are closely monitoring the impact on various asset classes, including Bitcoin. With the uncertainty surrounding interest rates, many question whether now is the right time to invest in Bitcoin. In this Bitcoin price prediction, we will analyze the potential price movement of Bitcoin in light of the US FED interest rate decision and provide insights for investors looking to capitalize…

The 2-year Treasury yield carved out another three-month high on Wednesday after Federal Reserve officials indicated more rate hikes are likely on the way for later this year.What happenedWhat drove markets Projections released on Wednesday showed that the median estimate of policy makers for the fed funds rate by year-end is 5.6%, exceeding most expectations. Fed officials lifted their expectations for the so-called 2023 median dot in their forecasts, even though they left their main interest-rate target…