Author: Press Room
Manhattan District Attorney Alvin Bragg on Tuesday filed a federal lawsuit seeking to block a House Judiciary Committee subpoena issued last week to a former prosecutor who played a key role in Bragg’s criminal investigation of ex-President Donald Trump.The suit also asks a judge to rule that any potential future subpoena by the Judiciary Committee on Bragg himself, or other of his current and past employees, will “be invalid, unenforceable, unconstitutional.”Bragg’s suit escalates a battle that began when the Judiciary Committee Chairman Jim Jordan, R-Ohio, and other Trump allies in the House recently opened an inquiry into the D.A.’s prosecution…
Leon Levine, who built Family Dollar into a discount retail giant catering to America’s lower-income and middle-class shoppers, has died at 85. The Leon Levine Foundation, the philanthropic organization Levine later founded, confirmed in an online statement he died on April 5. No cause was listed. Levine, a college dropout, was one of several retail founders who ushered in a boom of stores selling low-cost goods. Discount stores have thrived in recent decades as the income gap in the United States has widened. Three dollar store chains — Dollar General, Dollar Tree and Family Dollar — are now the fastest-growing…
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Bitcoin’s meteoric rise continues to captivate the financial world as the leading cryptocurrency has recently blasted past the critical $30,000 milestone. With this unprecedented surge in value, crypto enthusiasts are keenly watching the market, seeking to predict the future of Bitcoin. As the digital asset’s price trajectory defies traditional market analysis, we delve into the factors driving its growth, explore the potential risks and rewards, and attempt to forecast Bitcoin’s next moves in this rapidly evolving landscape.Key Fundamentals Driving BTC PricesIn the US, 236,000 more jobs were added than anticipated in the nonfarm payroll establishment survey, exceeding expectations of 230,000. Moreover,…
Fidelity marked down the values of its shares in Stripe, according to its monthly report. Over the last year, Fidelity’s mutual fund has cut the value of its late-stage startup investments. Instacart has also taken a valuation hit from the asset manager, while Reddit’s has rebounded. Silicon Valley just can’t catch a break.Over the last year, Fidelity’s monthly filings have painted a dire picture of just how poorly startups have been faring since an investing peak in 2021, which was marked by an onslaught of VC funding and sky-high valuations.Stripe, one of the biggest startups that was handsomely rewarded during…
YouTubers can earn money from a cut of ad revenue on both their shorts and long-form videos. Creators said they got paid between $1.61 and $29.30 for 1,000 views on long-form videos. Shorts made much less money, with creators earning $0.04 to $0.06 per 1,000 views. 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 How much a YouTube creator earns for 1,000 views can change based on a variety of factors, from the type of content they make to whether they do short-form or…
A debate is emerging among top Federal Reserve officials about whether to plough forward with another interest rate increase amid diverging opinions over the magnitude of a potential credit crunch stemming from the recent banking turmoil. Austan Goolsbee, president of the Chicago Fed, called for “prudence and patience” in setting monetary policy, in prepared remarks ahead of a speech at the Economic Club of Chicago, saying it was unclear how much regional banks might pull back on lending following the implosion of Silicon Valley Bank and Signature Bank last month.“Given how uncertainty abounds about where these financial headwinds are going,…
One day after China simulated “joint precision strikes” on Taiwan during military exercises around the island, Taiwan’s Foreign Minister Joseph Wu condemned Beijing’s actions in an exclusive interview with CNN and warned that “they seem to be trying to get ready to launch a war against Taiwan.” “Look at the military exercises, and also their rhetoric, they seem to be trying to get ready to launch a war against Taiwan,” Wu said. “The Taiwanese government looks at the Chinese military threat as something that cannot be accepted and we condemn it.” Asked if Taiwan has any sense of the timing…
U.S. stocks opened down Monday following the three-day holiday weekend, with investors resuming trade after U.S. stock exchanges closed for Good Friday. The Dow Jones Industrial Average DJIA, +0.52% fell 0.3% soon after the opening bell, while the S&P 500 SPX, +0.27% fell 0.6% and the Nasdaq Composite COMP, -0.15% dropped 0.9%, according to FactSet data, at last check. Investors had the weekend to digest the jobs report that landed on Good Friday, with the Bureau of Labor Statistics saying that day that the U.S. economy added 236,000 jobs in March while the unemployment rate dipped to 3.5% from 3.6%…
Tuesday’s stock setup is looking wobbly, a day ahead of mega consumer price data that could firm up or loosen growing consensus for another Fed rate hike next month. An additional interest-rate rise might serve to entice more investors into money-market funds, investments that might have otherwise have gone into bonds or stocks. That brings us to our call of the day, from LPL Financial’s asset allocation strategist Barry Gilbert, who says it’s time to reconsider a beaten-down, but once-popular investment strategy. “There deservedly was a lot of hand-wringing about the death of the 60/40 portfolio in 2022, a portfolio of 60% stocks…
