Author: IA PressRoom

Miami CNN  —  Most of Tuesday’s hearing, where former President Donald Trump made his first appearance in court facing 37 federal charges, followed an expected script, but the proceedings were dragged out by a disagreement over whether Trump should be restricted from talking to certain witnesses in the case. That prohibition was not initially recommended in the bond proposal special counsel Jack Smith’s team was seeking. Magistrate Judge Jonathan Goodman raised the concern himself. Goodman, noting that this was a typical restriction in cases filed in the Southern District of Florida, where the indictment against Trump was brought, suggested that…

© Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Kevin Buckland TOKYO (Reuters) – The dollar fell to near a three-week low to the euro and a one-month low versus sterling on Wednesday, after unexpectedly soft U.S. inflation data cemented the view that the Federal Reserve will skip an interest rate hike later in the day. sagged to a 6-1/2-month trough, continuing its slide after the central bank cut rates on Tuesday, amid speculation even more stimulus is on the way to support the sputtering post-COVID economic recovery. The…

© Reuters. FILE PHOTO: A staff member attends to customers inside a Tesla Model Y car at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. REUTERS/Florence Lo (Reuters) -Tesla Inc slightly increased the price of its Model Y electric vehicle in the United States on Tuesday, according to its website. The company increased the price of the variant by a mere $250, bringing it to $47,740, the website showed, while the prices for the other variants remained unchanged in the U.S. This is the third price hike for the Model Y since April…

© Reuters. FILE PHOTO: Gasoline pumps with Shell’s logo are seen at a petrol station in South East London, Britain, February 2, 2023, REUTERS/May James By Arathy Somasekhar (Reuters) – Oil prices inched higher on Wednesday after industry data showed an unexpected rise in stocks, signalling weak demand to markets already worried about recession and disappointing Chinese economic data. futures eased 27 cents, or 0.4%, to $74.01 a barrel by 0019 GMT. U.S. West Texas Intermediate (WTI) crude was at $69.13 a barrel, down 29 cents, or 0.4%. Both benchmarks climbed over 3% on Tuesday on hopes of rising fuel…

The United States inflation rate has slowed down, with May recording a 4% rate–the lowest yearly figure since March 2021.The drop in inflation may prompt the U.S. Federal Reserve to avoid raising interest rates during its upcoming Wednesday conference, prompting market observers to closely monitor the situation.With the current economic situation in mind, what are the best cryptos to buy now?The monthly Consumer Price Index (CPI), a broad measure of inflation, only increased by 0.1%, falling short of the projected 0.3% increase, and further fueling speculation about the interest rate hike hiatus. However, other indicators such as the PCE and…

A federal judge late Tuesday approved a request by the Federal Trade Commission to temporarily block Microsoft Corp.’s $69 billion acquisition of Activision Blizzard Inc. U.S. District Judge Edward Davila in San Francisco issued a temporary restraining order in order to “maintain the status quo,” and set a evidentiary hearing to be held June 22-23 on whether a preliminary injunction should be issued. The deal was set to be finalized as soon as this Friday. Tuesday’s order said the deal may not close until at least five days after the court’s preliminary injunction ruling. The acquisition has raised antitrust concerns…

I was in the courthouse when Trump was arraigned Tuesday. Some reporters were granted access to the courtroom through a lottery system.  No cell phones or laptops were allowed in the courthouse, leaving us to rely on an old-school journalism approach of pay phones and notepads.  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 MIAMI — “We most certainly enter a plea of not guilty.” I jotted the quote into my notebook, making sure I caught every word so that I could quickly pull my…

A grim Donald J. Trump leaned back from the defendant’s table inside a jammed 13th-floor courtroom in Miami on Tuesday, jaw set, arms crossed, his back muscles tensing visibly under his dark suit jacket.About 20 feet away, in the second row of the visitors’ gallery, was Jack Smith, the special counsel who had put him there, alert and poker-faced. Mr. Smith looked on as three Justice Department lawyers under his supervision offered Mr. Trump a bond agreement to release him on his own recognizance, without bail, that was respectful and accommodating, but profoundly humbling.After a 50-minute courtroom encounter unlike any…

© Reuters. FILE PHOTO: Toyota Motor Corporation President Akio Toyoda speaks during a press conference over rigging safety tests by its affiliate Daihatsu that affected 88,000 vehicles, in Bangkok, Thailand, May 8, 2023. REUTERS/Athit Perawongmetha By Makiko Yamazaki and Maki Shiraki TOKYO (Reuters) -Toyota faces an unprecedented challenge at its annual shareholder meeting on Wednesday, with some pension funds voting against Chairman Akio Toyoda on governance issues, while seeking more disclosures on the Japanese automaker’s climate lobbying. The world’s top car maker has become a target in recent years for activists and green investors, who say it has been slow…

SlavkoSereda/iStock via Getty Images Crude oil prices popped more than 3% Tuesday, recovering some of their steep losses in the previous session, after China’s central bank lowered a key short-term lending rate in an effort to spark its lackluster post-COVID economic recovery. The People’s Bank of China cut the interest rate on seven-day repurchase operations to 1.9% from 2%, which may in turn guide down China’s benchmark loan prime rate, to be released next week. Concern over demand from China has been cited as an important factor in crude price weakness this year, but the PBOC’s move prompted traders to…