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The XRP price has fallen by 4.5% in the past 24 hours, dropping to $0.471535 as the cryptocurrency market as a whole declines by 2%.XRP’s current price means that it has fallen by 8% in a week, although the altcoin has gained by 38% since the beginning of the year, suggesting that 2023 may end up being a year of recovery overall.Despite its fall today, on-chain data reveals that a whale has transferred just over $15 million in XRP from an exchange to a private wallet, suggesting that the recent selling may be making way for accumulation.And with Ripple also…

Netflix’s co-founder took to LinkedIn to share an awkward encounter with Blockbuster in the 2000s. Marc Randolph said the Blockbuster team tried not to laugh when Netflix pitched a $50 million partnership.  Netflix is now worth $149 billion and had 230.75 million subscribers as of the end of 2022.  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 Netflix co-founder Marc Randolph – who exited the company in 2003 – took to LinkedIn to share an awkward encounter of pitching a $50 million partnership deal…

Brazil’s president is touring the Iberian peninsula in an attempt to boost ties with the EU, but his persistent claims that both Russia and Ukraine are responsible for the ongoing war highlight the bloc’s difficulty in winning over the global south.During his stay in Portugal, Luiz Inácio Lula da Silva said that Ukraine “does not want to stop” the war and insisted peace talks should begin, even though Moscow continues its missile attacks on civilian targets and Russian troops are still occupying parts of Ukraine.Lula’s rhetoric on the war, which the US earlier condemned as “parroting Russian and Chinese propaganda”,…

‘Quit covering for these guys’: See tense exchange between Graham and Bash over abortion CNN’s Dana Bash presses Sen. Lindsey Graham (R-SC) about his stance on whether states or the federal government should have a say in restricting late-term abortions. Read the full article here

One of the world’s largest charities has made significant changes in its investment portfolio. Wellcome Trust sold all of its shares of Meta Platforms (ticker: META), and trimmed investments in Apple (AAPL) and Microsoft stock (MSFT) in the first quarter. The London-based health foundation disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission. It declined to comment on the transactions. Wellcome manages about $47 billion in assets, and is the largest U.K. charity. The trust showed some investment savvy in its latest fiscal year ended Sept. 30, 2022, when its portfolio returned…

Alphabet Inc. Chief Executive Sundar Pichai received his third massive stock award since rising to the top of Google, the company disclosed Friday. Pichai received $218 million in stock awards after his previous award cashed in 2022, according to a proxy filing with the Securities and Exchange Commission that was made public Friday afternoon. Alphabet GOOGL GOOG has awarded Pichai stock bonuses of roughly $200 million or more every three years, and they take three years to vest, with a mix of time-based awards and performance-based… Read the full article here

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen testifies during a U.S. House Committee on Financial Services hearing on the Annual Report of the Financial Stability Oversight Council, on Capitol Hill in Washington, DC, U.S. May 12, 2022. Graeme Jennings By David Lawder WASHINGTON (Reuters) -Top U.S. regulators on Friday proposed new rules to speed the assessment of financial stability risks and make it easier to designate non-bank institutions as systemically important, subjecting them to Federal Reserve supervision. The multi-regulator Financial Stability Oversight Council released the proposals for public comment just over a month after two regional bank failures…

WASHINGTON (Reuters) – The U.S. on Wednesday extended for three months a license that protects Venezuela-owned oil refiner Citgo Petroleum from creditors trying to seize its assets to recoup pending debts. U.S. protections on the Houston-based refiner have prevented bondholders and other creditors from moving ahead on billions of dollars in claims against Venezuela issued by U.S. courts and international tribunals. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) extended the general license until July 20, according to the department’s website. A spokesperson for Citgo was not immediately available to comment. Citgo split from Venezuelan state-run oil company…

By Jessica DiNapoli NEW YORK (Reuters) – Doing laundry is a drag. But after two years of price hikes on detergent, U.S. consumers may finally get some relief as Procter & Gamble (NYSE:) Co deepens discounts on Tide, one of its biggest brands, according to a Reuters analysis of NielsenIQ data. Makers of consumer products like P&G, a bellwether for the industry, are relying more on discounting to stay competitive as shoppers look to cheaper alternatives to stretch their budgets. The costs of ingredients and inputs for consumer goods, like pulp and fuel, are falling in some cases, allowing manufacturers…