Author: Press Room

The Ethereum price has dropped by a slight 0.4% today, although at $2,092 the leading altcoin remains up by 12.5% in the past week, following the successful rollout of the long-awaited Shanghai upgrade.ETH is also up by 16.5% in the last 30 days and by 75% since the start of 2023, making it one of the best-performing cryptocurrencies in the top 100 (by market cap).And with Shanghai adding to September’s Merge and 2021’s EIP 1559 update, Ethereum has arguably become one of the most fundamentally strong cryptocurrency’s in the market, with a tendency to deflate in supply during periods of…

A film producer was jailed for 10 years for robbing a bank in Belle Isle, Florida. Nacoe Ray Brown said he stole about $4,300 from the branch after running out of money for his film. He was on parole after serving most of a 25-year sentence for three previous bank robberies. 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 A film producer was sentenced to 10 years in prison after he robbed a Florida bank branch in an attempt to finance a movie.Nacoe Ray…

Maye Musk said she has slept on blankets on the floor when visiting her son, Elon Musk. In the past, she has said she’s slept in the garage at his house near SpaceX’s launch site. Musk has said he lives in a $45,000 converted two-bedroom house in Texas, and also couch hops. 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 Elon Musk’s mother, Maye Musk, has some unusual sleeping arrangements when she visits her son.On Tuesday,  she said on Twitter that she has “many…

Indian IT services stocks have been weighed down in recent months by concerns about the disruptive potential of generative artificial intelligence (‘AI’) post-release of OpenAI’s ChatGPT and Microsoft’s (MSFT) ChatGPT-powered Bing search engine. Given the structural margin implications, the sector-wide de-rating seems justified to me. While these companies have reinvented themselves over the years and driven higher tech spending over the years, these shifts tend to be deflationary for client spend and, thus, disruptive for margins. Plus, catching up will require a step up in investment and reskilling to build the right competencies. Yet, generative AI could also unlock new…

European stocks rose at the open on Monday as traders balanced their concerns over a potential recession and its implications for interest rates against better than expected results from several of the biggest banks in the US.Europe’s region-wide Stoxx 600 added 0.4 per cent, Germany’s Dax also rose 0.4 per cent and London’s FTSE 100 gained 0.5 per cent in early trading. Across the Atlantic, contracts tracking Wall Street’s benchmark S&P 500 and the tech-heavy Nasdaq 100 were both up 0.3 per cent ahead of the New York open. The moves in equity markets came after upbeat first-quarter earnings from…

Justice Clarence Thomas intends to amend his financial disclosure forms to reflect a 2014 real estate deal he made with a GOP megadonor – an acknowledgment that the transaction should have been disclosed almost a decade ago, a source close to Thomas tells CNN. The deal between Thomas and Harlan Crow, a Dallas real estate magnate and long-time friend of Thomas, involves the sale of three Georgia properties, including the home where Thomas’ mother, Leola Williams, 94, currently lives. The source said Thomas has always filled out his forms with the help of aides, and that it was an oversight…

TOKYO — Asian markets were trading mixed Monday as worries continued about economic growth, even as some hopes were perked by a recent rise in U.S. bank issues. Traders are also focused on upcoming earnings reports from global companies. Worries continue about inflationary pressures, and how that might affect moves by the Federal Reserve and the world’s other central banks on interest rates. Japan’s benchmark Nikkei 225 NIK, +0.07% was little changed, inching down less than 0.1% in morning trading. Australia’s S&P/ASX 200 XJO, +0.27% edged up 0.2%, while South Korea’s Kospi 180721, +0.17% fell 0.1%. Hong Kong’s Hang Seng…

Gold futures climbed sharply on Thursday, with a weaker U.S. dollar and expectations that the Federal Reserve may cut interest rates this year lifting most-active contract prices to their second highest settlement on record. Price action Gold futures for June delivery GC00, +0.37% GCM23, +0.37% rose $30.40, or 1.5%, to settle at at $2,055.30 an ounce on Comex. Based on the most-active contract, prices settled at their highest since Aug. 6, 2020, the day they finished at a record $2,069.40, according to a Dow Jones Market Data analysis of FactSet data. May silver futures SI00, +0.55% SIK23, +0.55% gained 47…

The U.S. economy may still achieve a soft landing as a slowdown in lending does some of the Federal Reserve’s work in bringing down inflation, despite last month’s stress in the banking sector, Treasury Secretary Janet Yellen told CNN’s Fareed Zakaria in an exclusive interview Friday that will be broadcast on Sunday. “I do think there’s a path to bring down inflation while maintaining what I think all of us would regard is a strong labor market,” Yellen said in the interview which will air at 10 a.m. Eastern on Sunday . “And the evidence that I’m seeing suggests we…

© Reuters. U.S. Senators question Tesla’s (TSLA) Elon Musk concerning the sharing of sensitive customer images by employees By Michael Elkins An exclusive story by Reuters reports Friday that two U.S. senators have written to Tesla (NASDAQ:) CEO Elon Musk, questioning him about the sharing by employees of sensitive images recorded by cameras in customers’ vehicles. “This apparent willful disregard for the privacy of Tesla customers is unacceptable and raises serious questions about Tesla’s management practices,” states the letter, which is signed by Senators Edward J. Markey and Richard Blumenthal and was seen by Reuters. “We urge you to take…