Author: IA PressRoom

Source: TradingViewThe Binance Coin price has risen by 4% in the past 24 hours, reaching $235 as the altcoin tries to shake off the steep losses caused by the SEC’s legal action against Binance.Despite its rise today, BNB remains down by 15% in a week and by 25% in the past fortnight, with the exchange token actually down by 4% since the beginning of the year (whereas most major cryptocurrencies are up).And while BNB has revived a little in the past 24 hours, it’s likely this movement is a dead cat bounce, given that today will witness a hearing on…

A Florida judge issued an order Monday night banning journalists from having cell phones or other electronic devices inside the courthouse for former President Donald Trump’s arraignment Tuesday.Southern District of Florida Chief Judge Cecilia Altonaga ordered that all cell phones and electronic equipment are prohibited for members of the press inside the Wilkie D. Ferguson, Jr. U.S. Courthouse in Miami.Trump is set to be arraigned Tuesday on 37 charges in connection with special counsel Jack Smith’s investigation into alleged mishandling of classified documents and alleged obstruction of justice.Altonaga’s order states that the U.S. Marshals Service will inspect all electronic equipment…

PhotoLondonUK/iStock Editorial via Getty Images Shares of soccer club Manchester United (NYSE:MANU) rocketed higher premarket following a report in a Qatari newspaper that a takeover bid from Sheikh Jassim is in pole position. Newspaper Al-Watan reported that Qatar’s Sheikh Jassim bin Hamad al-Thani will soon be announced as the preferred bidder, according to several English language reports. Manchester United (MANU) +27% shares jumped more than 30% before easing back some. Sheikh Jassim reportedly submitted an improved bid of 5 billion pounds ($6.25B) for total control of the team, plus 1 billion pounds of investment in the club, last week. There…

Ray Dalio both praised and warned about artificial intelligence in a recent interview. “It’s going to be fabulous – well, fabulous and dangerous,” the billionaire investor told CNBC Monday. Tesla CEO Elon Musk and Apple co-founder Steve Wozniak have also warned about the risks posed by AI tech. 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 The rise of artificial intelligence could fuel a massive productivity boom – but the technology may prove destructive if it remains unregulated, according to billionaire investor Ray Dalio.The Bridgewater…

© Reuters. FILE PHOTO: The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Most Bank of Korea monetary policy board members said at their latest policy meeting on May 25 it was not yet time to be complacent over slowing inflation, minutes from the meeting showed on Tuesday. “Even though consumer price inflation has peaked and entered a cooling phase, we can’t yet afford to be complacent,” one member said. Another member said: “If convergence of inflation on its target level is deemed to be significantly delayed, aggressive…

© Reuters. FILE PHOTO: A man looks at an electric monitor displaying a stock quotation board outside a bank in Tokyo, Japan, June 5, 2023. REUTERS/Issei Kato (Corrects first paragraph to say closed over 33,000, not 30,000) By Rocky Swift TOKYO – Japan’s benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology shares on expectations of a flood of investment in chip-related companies. SoftBank Group Corp jumped 5.25% on reports it may team up on an AI venture with ChatGPT operator OpenAI and that its semiconductor unit Arm is in…

© Reuters. Investing.com – The U.S. dollar retreated in early European trade Tuesday, with risk sentiment helped by China’s short-term lending rate cut, although the upcoming U.S. inflation data and Federal Reserve policy meeting has resulted in a degree of uncertainty. At 03:15 ET (07:15 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.3% lower to 102.888, falling to levels last seen in mid-May. Chinese yuan slips after rate cut rose 0.1% to 7.1548, with the yuan retreating to a six-month low after the People’s Bank of China cut its seven-day reverse repo…

The federal criminal investigation into Donald Trump’s potential mishandling of classified documents escalated in stunning fashion last week with the former president’s indictment. Tomorrow, Trump is expected to appear in federal court in Miami to be arraigned. He faces a total of 37 counts, including 31 counts of willful retention of national defense information, according to the indictment. The investigation – led by Justice Department special counsel Jack Smith – revolves around sensitive government papers that Trump held onto after his White House term ended in January 2021. Trump has denied all wrongdoing and claims the investigation is a politically motivated sham. Here’s…

Toyota Motor 7203, +5.05% TM, +0.64% plans to roll out next-generation battery electric vehicles globally, with a full lineup to be launched in 2026, the Japanese automaker said at a recent technical briefing session. Through technologies including the integration of next-generation batteries and sonic technology, the next-generation BEVs will achieve a cruising range of 1,000 kilometers, Toyota Motor said. The Japanese automaker has set a base sales volume target of 1.5 million units for 2026 and 3.5 million units for 2030, the company said.

© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 12, 2023. REUTERS/Staff (Reuters) – European shares opened higher on Tuesday led by the gains in technology stocks, amid growing optimism that the U.S. Federal Reserve would skip raising interest rates in its policy meeting. The pan-European index rose 0.5% as of 0715 GMT, with the rate-sensitive tech sector index up 1.5%. Investors were hopeful of U.S. inflation data releasing later in the day would likely show an easing in prices in May, further adding to bets that the…