Author: IA PressRoom

© Reuters. FILE PHOTO: India’s Chief Economic Adviser V. Anantha Nageswaran speaks during a news conference in New Delhi, India, January 31, 2023. REUTERS/Adnan Abidi NEW DELHI (Reuters) – Most G20 member nations are of the view that banking systems and regulations in their countries are steady, India’s chief economic advisor said on Wednesday. “Most country members who spoke expressed the view or the hope that their individual country regulations and banking systems were sound, and they don’t anticipate any trouble,” V. Anantha Nageswaran said after the bloc discussed financial stability risks.

© Reuters. FILE PHOTO: The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT/File Photo (Reuters) – Chip designer Nvidia (NASDAQ:) closed Tuesday with a trillion-dollar market value for the first time, part of a steady climb in the stock’s price in recent months on the back of the artificial intelligence (AI) boom. Here’s an explainer on Nvidia and its role in powering the radical new technology. HOW BIG IS NVIDIA IN TERMS OF MARKET VALUE? Nvidia’s…

Source: PixabayGemini, a cryptocurrency exchange, and Genesis Global Capital, a bankrupt cryptocurrency lender, have filed a petition to dismiss the SEC action linked to their joint venture product, Gemini Earn.The SEC lawsuit charges the firms with offering yield-bearing instruments to their customers and that, as such, these products are securities offered for sale without the requisite registration with the relevant authority. In its court documents, Gemini and Genesis contend that Gemini Earn is not a security. The firms argue that the transactions effectively amounted to loans. They ask the court to dismiss the complaint or to overturn the SEC’s requests for a…

Even with U.S. stocks in a new bull market, investors aren’t showing many signs of backing away from money-market funds and other cash-like investments offering yields of about 5%, the highest in about 15 years. Money-market funds hit a record of $5.9 trillion in assets as of Tuesday, signaling a continuing drain out of bank deposits into higher-yielding “cash-like” investments, according to Peter Crane, president and publisher of Crane Data. He…

Top economist Mohamed El-Erian is excited about AI – but warned of risks that come with the groundbreaking technology.  “Like every innovation, you get two reactions. The first reaction is you get a balance of excitement and anxiety,” he said.  El-Erian said AI can hugely benefit developing economies, but overconsumption could cause havoc.  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 Renowned economist Mohamed El-Erian is excited about artificial intelligence – but warned that overconsumption of the technology can lead to chaos. Speaking in a…

Miami CNN  —  Former President Donald Trump has pleaded not guilty to 37 charges related to alleged mishandling of classified documents. Trump’s lawyers asked for a jury trial during the former president’s arraignment Tuesday at a federal courthouse in Miami. “We most certainly enter a plea of not guilty,” Trump attorney Todd Blanche told the judge. During the hearing, Trump sat hunched over with his arms crossed and a scowl on his face. He did not speak. Trump’s aide and co-defendant, Walt Nauta, was also arrested, fingerprinted and processed. He had an initial appearance Tuesday but will not be arraigned…

© Reuters. Incoming World Bank President Ajay Banga is welcomed by U.S. Treasury Secretary Janet Yellen (not pictured) at the Treasury Department in Washington, U.S. June 1, 2023. REUTERS/Jonathan Ernst By David Lawder KINGSTON, Jamaica (Reuters) – World Bank President Ajay Banga told Reuters that he will “push” the lender’s balance sheet hard to help fight climate change and other crises, but this may only yield tens of billions of dollars in additional annual lending, not the hundreds of billions hoped for by some. Banga said in an interview late on Tuesday that he will roll out steps in the coming…

Source: TradingViewThe XRP price has dropped by 4% in the past 24 hours, dipping to $0.506899 after the long-awaited Hinman emails were released to the public yesterday.Despite the fall today, XRP remains up by 18% in the past month, as the market increasingly expects a positive conclusion to Ripple’s case with the SEC.And with Ripple using the emails to call for an investigation into the circumstances of the 2018 Hinman speech, their release could help the cryptocurrency firm to secure a victory in the case.Such a victory would undoubtedly send the price of XRP flying, and in combination with a…

Joe Hendrickson Churchill Downs Incorporated (NASDAQ:CHDN) announced on Wedensday that its 50-50 partnership with Urban One entered into a Resort Casino Host Community Agreement with the City of Richmond, Virginia to be the city’s preferred casino gaming operator. The deal is subject to certification by the Virginia Lottery Department and a local referendum. The company said the planned project is a $562M world-class entertainment and gaming venue. Richmond was selected through legislation in 2020 as one of five cities in Virginia to consider a gaming development in order to grow the economy. However, Richmond’s 2021 gaming referendum only passed by…

It may be the happiest place on earth — or at least in Los Angeles — for a Disney fan. A turret at the center of the home. Joel Danto of TheLuxLevel Animator and film producer Walt Disney’s Los Feliz home, which he built for his family in 1932, is on the rental market seeking $40,000 a month, the Wall Street Journal first reported. The entry foyer. Joel Danto of TheLuxLevel Source: Wall Street Journal It also has a screening room where Disney was known to kick up his heels and watch his films and dailies. The screening room. Joel…