Author: IA PressRoom

Source: AdobeHouse Republicans filed a bill on Monday that would fire US Securities and Exchange Commission Chair Gary Gensler and restructure the agency.Reps. Tom Emmer and Warren Davidson introduced the SEC Stabilization Act, to “remove Chairman Gensler following his long series of abuses that have been permitted under the current SEC structure,” according to a statement released from House Majority Whip Emmer’s office.“U.S. capital markets must be protected from a tyrannical Chairman, including the current one,” Davidson said in a statement. “That’s why I’m introducing legislation to fix the ongoing abuse of power and ensure protection that is in the…

FIRST ON FOX: Tennessee Republican Rep. Anthony Ogles introduced articles of impeachment on Monday against President Biden and Vice President Kamala Harris.Ogles’ articles accuse Biden of having “weaponized” the presidency, both in his tenure as president and vice president, to “shield the business and influence peddling schemes of his family from congressional oversight and public accountability.”Additionally, the articles accuse Biden of acting in a “manner contrary to the public trust and subversive of constitutional government, to the great prejudice of the cause of law and justice and to the manifest injury of the people of the United States” with his…

You may have heard that the S&P 500, the true benchmark for U.S. stocks, entered a bull market last week. Here’s what that means.The terminology Stocks are always in either a bull market — meaning prices are on the rise or are expected to rise — or the opposite, a bear market. Bulls and bears aren’t just for stocks. Virtually all other financial markets, including bonds and commodities, are referred to as being in either a bull or a bear market.Why bulls and bears? So how did these fearsome beasts come to represent opposite sides of the market? The origins…

Many copper bobbins, warehouse copper pipes. 3d illustration.getty The copper market could see an “unprecedented” inflow in the coming years as investors seek to profit from the metal’s anticipated surge in value, driven by growing demand for electric vehicles (EVs) and renewable energy, according to Citigroup. In an interview with Bloomberg last week, Max Layton, Citi’s managing director for commodities research, said he believes now is an ideal time for investors to buy, as the price of copper is still muted on global recession concerns. The red metal is currently trading around $8,300 a ton, down approximately 26% from its…

A month’s worth of strikes over pay at London’s Heathrow airport during the peak summer period could be scrapped after the UK’s second-biggest trade union axed two walkouts, averting the risk of serious hold-ups for passengers. Unite said on Monday that it was cancelling strikes due on Saturday June 24 and Sunday June 25 by 2,000 security staff at Britain’s hub airport as “a gesture of goodwill” while they voted on an improved pay offer.The move comes after Unite — which is recommending members accept the revised proposal — last week announced 31 one-day strikes aimed at busy days between…

© Reuters. FILE PHOTO: A costumer walks into a green grocery with a shopping cart, as Argentines struggle amid rising inflation, in Buenos Aires, Argentina May 11, 2023. REUTERS/Agustin Marcarian By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate likely sped up to 8.8% in May, according to analysts polled by Reuters, as prices in the South America country continue to soar despite a cooling trend in other countries around the region. Argentina is battling soaring inflation likely to end the year near 150%, sapping people’s spending power, pummeling the peso currency and pulling the rug out from…

Source; PixabayMany US-based crypto firms have been keen on expansion moves amid heightened regulatory uncertainty in the United States.The latest firm to announce its expansion plans is the crypto investment subsidiary of VC Andreessen Horowitz, a16z crypto.The firm announced its plans to launch its first international office in London a few days following the US SEC lawsuit against two top cryptocurrency exchanges. The crypto firm hinted at the US’ extreme regulatory atmosphere as the reason for its move.Expansion Moves Amid Heightened Regulatory UncertaintyThis development comes a month after a16z crypto’s “State of Crypto” report on the declining crypto-related activity in the…

The Supreme Court said Monday it won’t review North Carolina’s decision to stop issuing specialty license plates with the Confederate flag.As is typical, the court did not comment in declining to hear the case, which challenged the state’s decision. The dispute was one of many the court said Monday it would not hear. It was similar to a case originating in Texas that the court heard in 2015, when it ruled the license plates are state property.The current dispute stems from North Carolina’s 2021 decision to stop issuing specialty license plates bearing the insignia of the North Carolina chapter of…

Grandbrothers/iStock Editorial via Getty Images Lantern Pharma (NASDAQ:LTRN) said the US Food and Drug Administration has cleared the company to begin Phase 1 testing of its drug candidate LP-184 for the treatment of cancerous solid tumors. Shares of Lantern were up 7% at $5.75 at 1:30 p.m. ET following the news. Lantern said it intends to launch a P1A clinical trial for the drug this quarter, with completion expected during the first half of 2024. The trial will evaluate tolerability and safety of the drug in varying doses in patients with advanced pancreatic cancer, recurrent high-grade gliomas/glioblastoma, metastatic brain and…

Tesla has opened its vast Supercharger network to General Motors and Ford electric vehicles. Tesla owners have previously enjoyed sole access to the company’s charging stations. “Nothing is going to irritate a Tesla owner more” than waiting behind lines of other EVs, one analyst said. 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 Tesla owners probably won’t be very happy that the EV maker is opening up its Supercharger network to outsiders. In May, Ford and Tesla announced a partnership allowing the Detroit automaker to…