Author: Press Room

Arbitrum (ARB), the token that powers the Decentralized Autonomous Organization (DAO) that runs the Arbitrum blockchain protocol, has pulled back from its recent highs to the north of the $1.70 level and was last trading in the $1.62s, down around 4% on Monday as per TradingView data.However, according to CoinGecko, Arbitrum is still up around 32% in the last seven days, making it the best-performing cryptocurrency in the top 50 by market capitalization, with price predictions still mostly upbeat.Last Thursday and Friday, Arbitrum burst higher, rallying from around $1.20 to above $1.70 in under two days.The rally was triggered by…

Amazon CEO Andy Jassy’s pay was just $1.3 million in 2022 — a huge drop from $212.7 million in 2021. Jassy received stock awards worth nearly $212 million in 2021 but received none in 2022. The stock awards take 10 years to vest and represent most of his compensation for the coming years. 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 Amazon CEO Andy Jassy’s total compensation plunged last year.Jassy was paid $1.3 million in 2022, including a $317,500 base salary plus another $981,000…

Dashcam footage obtained by WIRED shows driverless cars in San Francisco blocking buses and trains. One clip shows a light-rail train almost hitting an autonomous car that stopped on its tracks. Records obtained by WIRED show reported incidents led to overall delays of 83 minutes for riders. 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 Dashcam footage obtained by Wired from the San Francisco Municipal Transportation Agency (SFMTA), also known as Muni, show driverless cars blocking buses and trains in San Francisco.The footage, which…

A US diplomatic convoy has come under fire in Sudan, as the death toll in the four-day conflict exceeds 180 people and efforts to bring about a ceasefire between the warring sides falter.Fighting has raged since Saturday between the president-backed Sudanese Armed Forces and the paramilitary Rapid Support Forces loyal to the country’s powerful vice-president, sparking fears of a broader civil conflict.At least 180 people have been killed and more than 1,800 wounded since the fighting, concentrated in the capital Khartoum, began, according to the UN.General Mohamed Hamdan Dagalo, the military vice-president better known as Hemeti, said on Tuesday that…

Rarely have the tectonic plates of American politics collided as visibly and explosively as they did earlier this month in Tennessee. The procession of predominantly middle-aged or older White Republicans who rose almost two weeks ago in the Tennessee House of Representatives to castigate, and then expel, two young Black Democrats crystallized the overlapping generational and racial confrontation that underpins the competition between the political parties. The Republican vote to expel those Black Democratic representatives, Justin Pearson and Justin Jones, encapsulated in a single moment the struggle for control over America’s direction between the nation’s increasingly diverse younger generations and…

A firm focused on low-volatility equity investments made adjustments in its portfolio in the first quarter. Gateway Investment Advisers trimmed its stake in Apple stock (ticker: AAPL), slashed its General Electric ( GE ) investment, and bought up Altria Group stock (MO). Gateway disclosed the stock trades, among others, in a form it filed with the Securities and Exchange Commission. Gateway didn’t respond to a request for comment on the investment changes. The firm is closing in on 50 years of focusing on reducing equity-investing risk with option strategies, and it had $8.6 billion in assets under management as of…

Luminar Technologies Inc. shares received a boost late Monday after the autonomous-driving component maker said it was partnering with Taiwan-based TPK Holding Co. to build out its manufacturing capacity in Asia to better serve the growing Chinese market. Luminar LAZR, +3.45% shares rose 2% in after-hours trading after closing up 3.5% at $6, for a year-to-date gain of 21.2%, or 59% off their price 12 months ago. Late Monday, Luminar announced at the Shanghai International Automobile Industry Exhibition that it had cut the deal with the Taipei, Taiwan-headquartered TPK 3673, +9.93%, to expand its manufacturing capacity in Asia, noting a…

At first, they were worried about missing the boat of historically low mortgage rates. Now, homeowners feel stuck as they want to sell their homes — but can’t bear to give up those rates. Historically low mortgage rates during the pandemic led to homeowners rushing to take out a mortgage or refinance their existing one to rates as low as 2%. While some homeowners feel like they won the lottery with such low rates, others — particularly those who want to sell now — report feeling trapped, according to a report from Realtor.com. Realtor.com surveyed over 1,200 recent or potential…

Lending by banks rose slightly last week pointing to some stabilization in the U.S. financial system one month after the failure of Silicon Valley Bank. Total bank lending rose by $10.2 billion to $12.08 trillion in the seven days ended April 5, the Federal Reserve reported Friday. Most of the increase took place at larger banks. This is the first increase in three weeks. On the other hand, bank deposits rose by $61 billion last week to $17.3 trillion. Both large and small banks took in more than $20 billion in new deposits. Key details: Commercial and industrial loans rebounded…

© Reuters. FILE PHOTO: A Boeing 737 Max aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborra/File Photo By Aishwarya Nair (Reuters) – Boeing (NYSE:) Co shares closed down 5.6% on Friday after the planemaker halted deliveries of some 737 MAX jets due to quality-related problems in certain components made by one of its main suppliers. Boeing is under tough regulatory scrutiny following the deadly crashes of its MAX planes in 2018 and 2019 and the pause in deliveries may delay plans for production ramp-up as it needs to undertake inspections of…