Author: IA PressRoom

The latest data on the US inflation rate indicates that consumer prices increased by 4% from a year earlier, marking a decrease from April’s 4.9% and a significant drop from last June’s 40-year high of 9.1%. The Labor Department’s consumer price index reveals that this is the smallest yearly increase since March 2021. Additionally, on a monthly basis, prices saw a modest rise of 0.1% compared to April’s 0.4% increase. These developments have prompted speculation about the potential impact on the Bitcoin market, with some questioning if this could signal the end of the bear market.Bitcoin Price Prediction Bitcoin is currently trading at $25,827,…

FactoryTh/iStock via Getty Images Hudbay Minerals (NYSE:HBM) and Copper Mountain Mining (OTCPK:CPPMF) said Tuesday that shareholders of both companies have easily approved the resolutions required to complete their planned merger. Each Copper Mountain (OTCPK:CPPMF) shareholder will receive 0.381 of a Hudbay (HBM) share for each Copper Mountain share or CDI currently held. Hudbay (HBM) says the acquisition will result in an estimated $30M/year of operating efficiencies and corporate synergies, including ~$20m annually from operating cost reductions through the application of the company’s operating efficiency practices to the Copper Mountain (OTCPK:CPPMF) mine. The strategic and financial benefits from the deal ultimately…

Former GOP Speaker of the House and “never-again Trumper” Paul Ryan appeared on CBS This Morning. Ryan listed a litany of reasons why he’s “not a Trump fan.” “If we nominate Trump we’re going to lose,” he said. “He hasn’t won anything since 2016.” 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 Speaker of the House Paul Ryan appeared on CBS This Morning to declare himself a “never-again Trumper” and blame the former president for GOP losses in the 2022 election. After cohost Gayle…

Labor regulators issued a ruling on Tuesday that makes it more likely for workers to be considered employees rather than contractors under federal law.Overturning a ruling issued when the board was under Republican control, the decision effectively increases the number of workers — like drivers, construction workers or janitors — who have a federally protected right to unionize or take other collective action, such as protesting unsafe working conditions.The ruling ensures that “workers who seek to organize or exercise their rights under the National Labor Relations Act are not improperly excluded from its protections,” said a statement by Lauren McFerran,…

Billionaire investor Ken Griffin said China could prop up the global economy this year, helping avert an “ugly” slowdown in growth if the US suffers a recession.Speaking to the Financial Times on his first visit to Hong Kong since the Covid-19 pandemic, Griffin said he was optimistic China could beat its growth target. “Why might one be optimistic on China? They’re very clearly putting economic growth back at the top of their priority list,” said Griffin, founder of the US hedge fund Citadel and market maker Citadel Securities.China’s growth had been tipped to roar back after disruptive Covid-19 restrictions were…

One of the first rounds in the clash between the Securities and Exchange Commission and Binance is giving the exchange’s users an uncomfortably close front row — and it might have them wondering if they should keep their funds or flee.The answer boils down to the risk a person can stomach, experts say. The SEC has alleged that Binance, the world’s largest cryptocurrency exchange, mishandled customer funds and acted as an unregistered securities exchange. Now the regulator is asking a federal judge to push a pause button that would freeze the assets tied to Binance.US, the company’s exchange for U.S.…

A Walmart shopper said a police officer pinned him to the ground after asking about his receipt. Dayton Borisouth told Insider the officer confronted him after he purchased a $5 frozen pizza. The Kansas City, Kansas police department said it disciplined two officers involved in the incident. 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 A Walmart shopper said he was pinned to the ground by police officers in Kansas City, Kansas after one of them asked to see his receipt for a $5…

White House press secretary Karine Jean-Pierre (KJP) responded to special counsel allegations that she had violated the Hatch Act on Tuesday, saying the White House “didn’t know” it had made a violation.The Office of the Special Counsel (OSC) accused KJP of violating the Hatch Act, which limits certain political activities of federal employees to prevent influencing elections. The accusation pertained to her use of “Mega MAGA” to describe Republican policies, but she now argues that Republicans themselves have used the term, and she did not know the OSC considered it to be political.”The White House Counsel’s Office is reviewing [the…

Source: AdobeStock / Tomasz BidermannDecentralized finance (DeFi) protocol Sturdy Finance has been exploited, but the team has promised that no further action will be taken against the hackers if the money is returned.Writing on Twitter on Tuesday, Sturdy Finance founder Sam Forman said his team has told the exploiter that they are offering a $100,000 bounty if all funds are returned to the protocol.“As we have seen with recent hacks, exploits are not as easy to escape from as they used to be,” the team warned the exploiter, while adding that the person(s) behind the exploit is welcome to contact…

marchmeena29 With the Federal Reserve widely expected to keep its key rate unchanged at 5.0%-5.25% on Wednesday after 10 straight hikes, investors will focus on the central bankers’ statement for any inkling of guidance for its intentions at the July meeting. At the last meeting, the Federal Open Market Committee kept the door open for a rate increase at future meetings when it said “additional policy firming may be appropriate to return inflation to 2 percent over time.” Any changes to that wording will let markets know which way the Fed may be leaning — toward another “skip” to assess…