Author: Press Room
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The crypto market is an industry filled with many fast-moving projects. Many blockchain projects see their position on the global ranking. One such case is popular Dogecoin killer Shiba Inu which has recently overtook Binance-owned stablecoin BUSD. At press time, the SHIB token is ranked 13th, one place higher than BUSD, with only a million higher in market valuation.Could this be the long-awaited ascent of SHIB to the $1 price peg? Time would tell. DOGE Killer Ranked 13thAt press time, the Shiba Inu coin price is trading at $0.00001156, indicating a price surge of about 3% in the last 24 hours.The uptrend in…
JPMorgan, BlackRock, Wells Fargo, and Citi reported earnings Friday. Better-than-expected results came in the wake of SVB’s collapse this March. Top execs described their response to the banking crisis — and future opportunities. The biggest banking upheaval since the Global Financial Crisis was no match for the giants of Wall Street. Even in the wake of the failure of Silicon Valley Bank and Credit Suisse’s fire sale to UBS, the nation’s biggest banks — from JPMorgan to Wells Fargo and Citigroup — reported higher quarterly profits Friday. At JPMorgan, first-quarter income rose 52% compared to a year ago. At Wells Fargo and…
Last year, YouTube secured the rights to NFL Sunday Ticket. The package allows viewers to watch games outside their local markets. Pricing will begin at $249 for YouTube TV subscribers and go up to $489 for non-subscribers. 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 NFL Sundays have a new home, and if you want to visit, it won’t be cheap.After securing a seven-year deal for NFL Sunday Ticket that’s reportedly worth $2 billion per year, YouTube has revealed its pricing structure for football fans…
G7 countries have pledged to accelerate a gradual phaseout of fossil fuels and the shift towards renewable energy, as Japan faced significant pushback on key pillars of its climate strategy.The agreement reached on Sunday followed weeks of fraught negotiations between Japan and other member states as the world’s most advanced economies sought to respond to criticism that they were backtracking on climate targets following the Ukraine crisis. In its final communiqué from this weekend’s summit in Japan’s northern city of Sapporo, the G7 committed “to accelerate the phaseout of unabated fossil fuels so as to achieve net zero in energy systems…
The Kennedys have been through a lot. They don’t want to go through this. No name has appeared on more ballots or lawn signs. Even across branches of the family that have grown distant and divided since the first generation rose to power in the 1960s, they celebrate each cousin’s achievement – whether that’s a seat in the House or a new children’s book or an expansion of the Special Olympics. But Robert F. Kennedy Jr.’s campaign challenging President Joe Biden for the Democratic nomination – set to be announced Wednesday in Boston – is too much for a family…
OPEC’s surprise decision earlier this month to decrease production by 1.2 million barrels a day was seen as a bullish sign for the oil market. But one analyst says it’s a “red flag” for oil stocks, because OPEC is reacting to weak demand that may take a while to rebound. JP Morgan analyst Christyan Malek wrote in a note on Friday that oil stocks have tended to post tepid returns at best after OPEC production cuts—even though those cuts are meant to boost oil prices. “On balance, we note that energy equities generally struggle to outperform the broader market and…
Fast Retailing Co. shares 9983, +8.49% rose sharply Friday morning after the owner of Uniqlo apparel stores posted strong quarterly earnings thanks to global sales growth and raised its annual profit guidance. The company’s shares were recently 8.8% higher at 32,940 yen after rising as much as 9.7% earlier. Fast Retailing said Thursday after market close that net profit rose 4.5% from a year earlier to Y153.39 billion ($1.16 billion) for the six-month period ended Feb. 28. Second-quarter net profit was Y68.32 billion, given a net profit of Y85.07 billion the previous quarter, according to a Wall Street Journal calculation.…
IMF Managing Director Kristalina Georgieva on Thursday said it was important that the tensions between the U.S. and China not devolve into a second Cold War. At a press briefing at the start of the IMF/World Bank meetings of finance ministers and central bankers. Georgieva called for “cool-headedness” and rational policies to lower tension. Tension between the U.S. and China has cast a pall over the IMF/World Bank meetings here this week. Geopolitical tension has risen as the U.S. has been sharply critical of China’s support for Russia in the war against Ukraine. For its part, China has been upset…
2/2 © Reuters. FILE PHOTO: U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler testifies before a House Financial Services and General Government Subcommittee hearing on President Biden’s budget request for the Securities and Exchange Commission, on Capi 2/2 By Chris Prentice and Hannah Lang NEW YORK (Reuters) -The U.S. Securities and Exchange Commission met on Friday to open public comment again on its proposal to expand the definition of an “exchange,” clarifying that its existing rules on exchanges also apply to decentralized cryptocurrency platforms. The SEC voted 3-2 to take additional comments from the public after crypto firms criticized…
