Author: IA PressRoom

Ivanka Trump left her father off her Instagram grid for a post about her daughter’s Bat Mitzvah. Donald Trump and his wife Melania were relegated to one of the last images on her Instagram Stories. You must scroll through 20 photos before seeing any indication that Trump was even at the event. 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 Ivanka Trump on Monday left her father, former President Donald Trump, and his wife, Melania, off her Instagram post celebrating her daughter’s Bat Mitzvah. Trump…

CBDC could be coming to you sooner than you think.getty The U.S. Department of Justice has started targeting crypto exchanges that have either weak controls that allow scam artists to commit investment fraud of investor’s crypto accounts, according to a May 15, 2023, article found on CoinDesk. The article quotes the FBI as stating that as estimated $2.5 billion in crypto assets were stolen in 2022 alone, and the DOJ’s National Cryptocurrency Enforcement Team (NCET) is going to start cracking down on that activity. This is important for two reasons which I will get to in a second, but suffice…

China’s electric vehicle price wars have been recharged. Tesla’s decision to increase sales and regain market share in China by slashing prices in late 2022 led competitors such as BYD to follow suit. Nio remained above the fray. Now it has instigated a fresh fight.Chief executive William Li once said the company would not follow Tesla’s lead. A 23 per cent quarter-on-quarter drop in sales in the first three months of the year and a gloomy outlook for the second quarter appear to have changed his mind.Nio’s move to cut prices by Rmb30,000 ($4,200) means buyers save about a tenth…

© Reuters. FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang SHANGHAI/SINGAPORE (Reuters) – China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, in a bid to restore market confidence and prop up a stalling post-pandemic recovery in the world’s second-largest economy. Recent economic data has shown subdued demand and weaker investor sentiment, raising excpetations that authorities will ease monetary policy to sustain growth. The People’s Bank of China (PBOC) cut…

© Reuters. FILE PHOTO: A man looks at the logo of SoftBank Group Corp at the company’s headquarters in Tokyo, June 30, 2016. REUTERS/Toru Hanai By Krystal Hu SAN FRANCISCO (Reuters) – SoftBank Group Corp is planning a fresh round of layoffs at its Vision Fund investment arm, two people familiar with the matter said, the latest cost-cutting move at the Japanese conglomerate. The layoffs, which could be announced in the next two weeks, may impact up to 30% of its staff at the unit, including employees in U.S., one of the people added. SoftBank’s Vision Fund unit, which has…

© Reuters. Investing.com– Oil prices rose on Tuesday, recovering a measure of steep losses from the prior session, although caution ahead of upcoming U.S. inflation data and the conclusion of a Federal Reserve meeting kept markets on edge. Crude markets were nursing their worst loss in nearly two weeks as concerns over sluggish demand, worsening economic conditions and a potential boost in Iran-driven supply largely countered the prospect of tighter production after a Saudi cut last week. Prices saw little scope for recovery as traders remained cautious ahead of key U.S. inflation data and a Fed meeting, due on Tuesday…

Source: AdobeAttorneys for Binance.US and Binance CEO Changpeng Zhao argued that the US Securities and Exchange Commission’s temporary restraining order to freeze its assets should be denied. There is no risk to customer assets, the lawyers said on Monday in a court filing ahead of a Tuesday hearing to discuss the SEC’s proposed restraining order. “Indeed, there is no ‘emergency’ here at all, other than the one manufactured by the SEC for its own purposes, when the alleged securities law violations, according to the SEC, have been going on publicly and openly for years,” the lawyers argued. They argued that by granting the…

Left-wing billionaire, investor and philanthropist George Soros’ reported decision to hand control of his $25 million empire to his son, Alex Soros, has prompted a not-so-subtle jab from one European leader.”Soros 2.0,” Hungarian Prime Minister Viktor Orbán wrote on Twitter Monday, including a GIF depicting a scene from the movie “The Godfather” in which family patriarch and mafia head Vito Corleone is seen kissing the cheek of son, Michael Corleone. In the film, Michael takes over the crime family following Vito’s death, and continues his father’s work growing the organization and battling the family’s enemies.GEORGE SOROS’ SON, 37, GIVES FIRST INTERVIEW…

Sundry Photography Chip designer Arm (ARMHF) is in discussions with potential strategic investors, including Intel (NASDAQ:INTC), to be an anchor investor in Arm’s initial public offering later this year. Arm (ARMHF), which is majority owned by Softbank (OTCPK:SFTBY), has had talks with companies to participate in the IPO, according to a Bloomberg report, which cited people familiar with the matter. The talks are described as being at an early stage and could change ahead of the IPO. It’s not clear how much would be invested in Arm. SoftBank (OTCPK:SFTBY) is reportedly looking to raise up to $10 billion in the…

Lawyers for disgraced Theranos founder Elizabeth Holmes objected to a restitution payment plan.  Along with Ramesh “Sunny” Balwani, Holmes was ordered to pay $452,047,268 in restitution. Prosecutors want her to pay it back monthly post-release. Her lawyers said that won’t be possible. 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 Elizabeth Holmes won’t be able to afford $250 a month restitution payments when she’s released from a Texas prison, her attorneys argued.The disgraced Theranos founder was found guilty last January of four fraud-related counts…