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The Federal Reserve said Wednesday it is holding interest rates at their current levels, as hotter-than-expected inflation data continues to push back the timing of the first rate cut. Fed officials have kept their benchmark lending rate at a 23-year high since July, after aggressively raising rates starting two years ago. Officials have said…
Bitcoin (BTC) is experiencing a significant sell-off, with losses potentially rising after falling below $57,000. Focusing solely on price charts, analysts suggest that the situation may get worse before it gets better. BTC recently experienced its first negative month in eight months and its worst month since November 2022. The…
A federal judge in New York scheduled a closed-door meeting Wednesday afternoon on a request by lawyers for Donald Trump’s presidential campaign to withdraw from a gender discrimination lawsuit filed by former senior advisor to his 2016 White House bid.The law firm at LaRocca, Hornik, Greenberg, Kittredge, Carlin & McPartland…
Qualcomm reported second-quarter earnings on Wednesday that surpassed Wall Street expectations, and provided a strong guide for the current quarter.Shares rose about 4% in extended trading.Here’s how it did versus LSEG consensus estimates for the quarter ended March 24:Earnings per share: $2.44 adjusted vs. $2.32 expectedRevenue: $9.39 billion adjusted vs.…
Several GOP-led states have sued the Biden administration over a federal rule set to take effect later this month that will require people who sell firearms online and at gun shows to conduct background checks on their potential customers. In a lawsuit filed Wednesday by Texas, Louisiana, Mississippi and Utah,…
INDIANAPOLIS — Caitlin Clark is already aware of her place in sports and the WNBA. The Indiana Fever guard hasn’t even played a professional game yet and is already among the World’s most popular athletes. She recently signed a reported eight-year, $28 million endorsement deal with Nike — her brand…
If you’re carrying a lot of high-interest debt, the fact that the…
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Jerome Powell pointed out that the progress on inflation stagnated but that…
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The Air Force is preparing new charges within the military justice system…
POLITICS
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The United States imposed sanctions on more than a dozen companies in China and Hong Kong for their support of Russia’s war in Ukraine as part of a tranche of nearly 300 new sanctions unveiled Wednesday. The move comes after repeated warnings from top US officials, including Treasury Secretary Janet Yellen and Secretary of State Antony Blinken, to top Chinese officials that they must crack down on China’s provision of dual-use items to Russia that the US says are being used to strengthen its military in the war against Ukraine. “The almost 300 targets being sanctioned by both Treasury and the Department of State…
When Bill Burns became CIA director in March 2021, he vowed to investigate a mysterious illness afflicting a growing number of soldiers, spies and diplomats who reported a sudden onset…
Pro-Russia hackers have exploited shoddy security practices at multiple US water plants in recent cyberattacks that have hit a wider swathe of victims than was previously documented, according to an…
GOP Rep. Marjorie Taylor Greene announced Wednesday she will trigger a motion to vacate against House Speaker Mike Johnson next week to force members to put their position on the…
Markets
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By Davide Barbuscia and Ross KerberNEW YORK/BOSTON (Reuters) -A pension fund for New York City employees urged BlackRock (NYSE:)’s shareholders…
Finance
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Viking is not your typical cruise operator.Aboard its smaller, upscale vessels, you won’t find any kids. In fact, the cruise line doesn’t hide the fact that…
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When pondering what’s really happening with the auto industry’s shift to electric…
Investing
Tesla has abruptly fired the team running its electric vehicle charging business, raising doubts about the future of one of the largest US charging networks, which other carmakers, such as General Motors and Ford, have said they will also use. In social media posts Tuesday, several Tesla employees confirmed the…
Economy
By Niket Nishant and Manya Saini(Reuters) – Traders shorting New York Community…
Fintech
A man who was punched repeatedly by Mike Tyson in first-class on…
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