Author: Press Room

Elon Musk admitted he has shot himself in the foot multiple times by tweeting late at night. In a BBC interview Wednesday, Musk said he should probably stop tweeting at 3:00 a.m. Twitter’s owner is well-known for his erratic, unfiltered posting on the platform. 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 has opened up about his erratic tweeting style saying he’s shot himself in the foot with posts on the site in an interview with the BBC late Tuesday night.The billionaire…

The writer is executive director of the International Institute for Strategic Studies Asia, and author of ‘The Billionaire Raj’ Two recent Beijing trips by global leaders have shed light on the many paradoxes of a future age of economic decoupling.A visit by Emmanuel Macron, president of France, and Ursula von der Leyen, European Commission president, last week generated waves of controversy in the west. Another, by Anwar Ibrahim, prime minister of Malaysia, went almost unnoticed but in many ways proved more illuminating of the challenges of decoupling.Macron travelled to Beijing with von der Leyen to present a united European approach…

Images of the leaked classified documents were posted to at least two chatrooms on Discord, a social media platform popular with video gamers, according to a CNN review of Discord posts and interviews with its users. The leaks began months ago on the first chatroom, called Thug Shaker Central, that Jack Teixeira allegedly oversaw, multiple US officials told CNN. An FBI affidavit unsealed Friday corroborates this timeline. Teixeira, a 21-year-old airman with the Massachusetts Air National Guard, made his first appearance in federal court in Boston Friday morning following his arrest by the FBI in North Dighton, Massachusetts, the day…

The global economy’s glass doesn’t look that full to Kristalina Georgieva, the managing director of the International Monetary Fund. She said on Thursday that the global economy is “not in a great place” even if it can avoid a recession or hard landing. The view from Georgieva and the IMF’s economists at the annual spring meetings of the IMF and the World Bank contrast with how Treasury Secretary Janet Yellen sees the situation. Yellen said this week that observers shouldn’t “overdo the negativism,” calling the outlook “reasonably bright,” given that expectations for inflation are easing and the financial system has…

Bitcoin’s rally to start 2023 has spurred calls of a new bull market, with the largest cryptocurrency gaining 80% to vastly outperform the stock market—where the S&P 500 is up a meager 7% by comparison—as a leading indicator of risk sentiment. In theory, that should be great news for crypto broker Coinbase Global (ticker: COIN). The trading platform, while pushing to diversify with business lines based on subscriptions and services, still looks to its core trading operations as a critical source of revenue. That top line tends to fluctuate with Bitcoin prices, as its main customer base of U.S. retail…

April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here.Dear Quentin, I am 74 years old and I take great pride in my FICO score. My late husband always instilled in me that your credit score is your best friend. I can walk into a car dealership with an 850 score and walk out with a new car. Recently, my credit score fell by 150 points. When I…

The Federal Reserve needs to continue raising interest rates because inflation is “still much too high,” Fed Governor Christopher Waller said Friday. Waller said there is still no sign that banks are pulling back lending, which would slow the economy. He said his views on the outlook were “about the same place” as he was at the last interest-rate meeting in mid-March. “Because financial conditions have not significantly tightened, the labor market continues to be strong and quite tight, and inflation is far above target, so monetary policy needs to be tightened further,” Waller said, in a speech at a…

© Reuters. FILE PHOTO: The U.S. Supreme Court building is seen in Washington, U.S., April 6, 2023. REUTERS/Elizabeth Frantz/File Photo By Andrew Chung and John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Friday made it easier to challenge the regulatory power of federal agencies in two important rulings backing Axon Enterprise (NASDAQ:) Inc’s bid to sue the Federal Trade Commission and a Texas accountant’s gripe with the Securities and Exchange Commission. A 9-0 ruling by the justices revived Axon’s lawsuit contesting the constitutionality of the FTC’s structure in a bid to counter an antitrust action related to the…

By Kate Abnett, Marwa Rashad and Gabriela Baczynska BRUSSELS/LONDON (Reuters) – Political pressure is building within the European Union to tackle the daunting challenge of closing a loophole in its efforts to stop using Russian fossil fuels: liquefied (LNG). In the year since Russia’s February 2022 invasion of Ukraine, the EU has placed sanctions on seaborne oil and coal imports from Russia. It has drastically cut reliance on Russian pipeline gas, despite not imposing sanctions on the fuel. But at the same time, EU countries have increased their overall purchases of Russian LNG, undermining the bloc’s pledge to end its…

BRASILIA (Reuters) – Brazil’s Planning Ministry announced on Friday a zero primary deficit target for 2024, but stated that 172 billion reais ($35.03 billion) in government spending depends on the approval of a proposed new fiscal framework. In a statement about the 2024 budget bill sent to Congress, the ministry said the new fiscal rules “will enable the re-composition and execution of priority public policies for the country,” as well as government functioning. The much-awaited framework, presented by the government of President Luiz Inacio Lula da Silva in late March, is expected to be sent to Congress next week. It…