Author: IA PressRoom

Source: AdobeUS House Financial Services Committee Chair Patrick T. McHenry plans to hold a vote on a bill that would regulate digital assets by mid July.The draft legislation in question, the Digital Asset Market Structure Discussion Draft, would classify cryptocurrencies as a security or a commodity and regulate exchanges among other measures.It would also create a framework that would give the Commodity Futures Trading Commission jurisdiction over digital commodities, while clarifying the Securities and Exchange Commission’s jurisdiction over “digital assets offered as part of an investment contract.” McHenry said he wants a bipartisan process during a House Financial Services Committee hearing…

Bud Light has been dethroned by Modelo Especial as the best-selling beer in the U.S., following a boycott of Bud Light that began in April in response to its partnership with trans influencer Dylan Mulvaney. Modelo Especial accounted for 8.4% of U.S. beer sales in the four weeks ending June 3, according to beer-industry tracker Bump Williams Consulting, which analyzed Nielsen data for the figures. For Bud Light, that figure stood at 7.3%. The figures were reported earlier in the day by the Wall Street Journal. Bud Light sales plunged roughly 24% year over year for the week ended June…

Despite his Tuesday arraignment, Trump says he’ll still have a “nice” and “wonderful” birthday. Trump pleaded not guilty on Tuesday in Miami to 37 charges. Trump turns 77 on Wednesday. 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 Former President Donald Trump says he may be looking at 400 years of prison time, but he’s still going to have a great time on his birthday. Trump, who was born on June 14, 1946, turns 77 on Wednesday. His birthday comes just a day after he…

Former President Trump cast his “sham” federal indictment as “election interference” by the Biden administration, slamming it as a “the most heinous abuse of power in the history of our country.”Trump, the current 2024 frontrunner, pleaded not guilty in federal court in Miami, Florida Tuesday to 37 federal felony counts stemming from Special Counsel Jack Smith’s investigation into his alleged improper retention of classified records at Mar-a-Lago.The charges include willful retention of national defense information, conspiracy to obstruct justice and false statements.Trump, making remarks Tuesday night from his property Trump National Golf Club Bedminster, slammed Smith as a “deranged lunatic,”…

A US federal judge has put Microsoft’s $75bn acquisition of Activision Blizzard on hold as the Federal Trade Commission seeks to block the transaction.A judge in a US district court in California on Tuesday handed down an order prohibiting the closure of the gaming industry’s biggest deal pending an “evidentiary hearing” set for Thursday and Friday next week.The FTC last year had sued to block what would be Microsoft’s biggest deal yet through its own in-house proceedings. But on Monday it filed a complaint asking the federal court to block the transaction until after those proceedings — set to begin…

© Reuters. FILE PHOTO: An ANZ bank logo is pictured in Sydney, Australia April 23, 2018. REUTERS/Edgar Su/File Photo By Melanie Burton MELBOURNE (Reuters) – Australian lender ANZ Group is looking at opportunities to invest more in the critical minerals sector as part of its efforts to support decarbonisation and has recently backed its first stand-alone lithium deal, an executive said on Wednesday. ANZ has traditionally supported long-life, low-risk mine projects for Australia’s staple resources including iron ore, gold, aluminium, and nickel, said Simon Arduca, ANZ’s executive director of resources, energy and infrastructure. “We are keen to do more in…

2/2 © Reuters. FILE PHOTO: Toyota Motor Corp. incoming President and Chief Executive Koji Sato attends a news conference in Tokyo, Japan February 13, 2023. REUTERS/Issei Kato/File Photo 2/2 TOKYO (Reuters) – Toyota Motor (NYSE:) shareholders gather on Wednesday for the Japanese automaker’s first annual general meeting (AGM) under new CEO Koji Sato, a day after the firm announced a roadmap for solid-state batteries and other electric vehicle (EV) tech. The roadmap could help the world’s top-selling automaker make its case to investors at the meeting, where it also faces a shareholder resolution over its climate lobbying as well as…

Bitcoin / Source: AdobeThe Bitcoin (BTC) price is hovering close to $26,000, well within its recent intra-day ranges in the lead-up to Wednesday’s key US Federal Reserve policy announcement.The US central bank is expected to pause its cycle of aggressive interest rate hikes that began last March and have seen the bank lift rates by 500 bps (to 5.0-5.25%) in the last 10 meetings.The Fed will also release updated economic projections and a new “dot plot” alongside the usual policy statement and post-meeting press conference with Fed Chair Jerome Powell.The dot plot is a summary of forecasts from Fed policymakers…

David Becker/Getty Images Entertainment Microsoft’s (NASDAQ:MSFT) planned $69 billion acquisition of Activision was temporarily blocked by a federal judge after a Federal Trade Commission request on Monday. A federal judge in San Francisco granted the FTC’s request for a temporary restraining order to block Microsoft (MSFT) from completing its purchase of videogame giant Activision, according to a court filing late Tuesday. An evidentiary hearing on on the preliminary injunction is scheduled for June 22 and June 23. The FTC made the request for the temporary block and a preliminary injunction on Monday out of concern that Microsoft (MSFT) planned to…

Americans are increasingly leaving big cities in states like California for affordable enclaves. Indiana towns are offering cash and other incentives for those willing to leave city life behind. One family shared with The Los Angeles Times the perks they cashed in on in Indiana. 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 An increasing number of big city types are leaving behind their sky-high rents for smaller, cheaper towns. But those who settled in Indiana aren’t just saving money — they’re making money.A…