Author: Press Room

Watch Alex Marquardt’s report on the sting operation on Erin Burnett OutFront on Monday, April 10, at 7 p.m. ET. A team of South Korean spies and American private investigators quietly gathered at the South Korean intelligence service in January, just days after North Korea fired three ballistic missiles into the sea. For months, they’d been tracking $100 million stolen from a California cryptocurrency firm named Harmony, waiting for North Korean hackers to move the stolen crypto into accounts that could eventually be converted to dollars or Chinese yuan, hard currency that could fund the country’s illegal missile program. When…

The Biden administration will likely tighten emissions rules this coming week. For investors, that could mean more electric vehicles on roads sooner than expected. There are endless EV numbers to track, and following multiple governments’ and companies’ goals is no easy task. Investors will have to try, however, if they hope to pick automotive winners and losers in coming years—and there are a few potential standouts already. Environmental Protection Agency officials are set to reveal new pollution standards on Wednesday in Detroit, The New York Times reported on Saturday . The practical impact of the standards would mean that two-thirds…

Barstool Sports Inc., the irreverent and sometimes controversial sports-oriented media company, is opening an office in the booming Fulton Market area just west of the Chicago Loop that, according to Crain’s Chicago Business, could span 40,000 square feet. Barstool was founded in suburban Boston and has been based in Manhattan since 2016. It was acquired this year by Penn Entertainment Inc. PENN, -0.45%, which owns and manages gaming and racing facilities and slot-machine and related gambling operations. Barstool-branded sports bars have opened in recent years with locations in Chicago, Philadelphia and the Phoenix area, as has a Barstool sportsbook, which…

Dear MarketWatch, Our son was living in a house we own in Avenal, Calif. Unbeknownst to us, he was renting a room to a person.  Our son died on Feb. 28. When we found out this person was in the house, our daughter-in-law told her to leave and she refused, so our daughter-in-law shut the water off and told the city to not let anyone turn it on. The woman tried three times to turn on water in her name, but the city refused. Our daughter-in-law turned the electricity off, but since there is no local office, we’re unable to tell…

Normally a big increase in new U.S. jobs is cause for celebration. Not right now. The Federal Reserve sees a tight labor market as a big obstacle in getting high inflation under control and wants hiring to slow as soon as possible, but it might not get its wish in March. Here’s what to watch in the U.S. employment report due on Friday morning. The forecast The economy is expected to add 238,000 jobs in March, according to economists polled by The Wall Street Journal. The U.S. created an estimated 311,000 jobs in February and 504,000 in January. Both easily…

© Reuters. FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China, January 5, 2021. REUTERS/Thomas Peter/File Photo SHANGHAI (Reuters) – Tech giant Alibaba (NYSE:) is seeking companies to test its Tongyi Qianwen AI chatbot, business publication STAR Market Daily reported on Friday, joining the rush to emulate the explosive success of ChatGPT. The free-to-use ChatGPT, a large language model (LLM) application created by Microsoft-backed OpenAI, was released to the public last November and can generate articles and essays on demand in response to user prompts. Alibaba has opened up registration for businesses to conduct…

By Ambar Warrick Investing.com — Gold prices rose slightly on Wednesday, moving further towards a 2020 record high as more signs of slowing economic growth fed into safe haven demand for the yellow metal. Markets largely brushed off comments from Federal Reserve Bank of Cleveland President Loretta Mester that U.S. interest rates will keep rising despite weakness in the economy. Mester also suggested that rates will remain above the 5% mark for longer. But data, coupled with signs of cooling in the U.S. jobs market, saw investors doubt just how much economic headroom the Fed will have to keep raising…

By Peter Nurse Investing.com – The U.S. dollar rose strongly in early European trade Monday as surging oil prices raised inflation concerns, which could prompt the U.S. Federal Reserve to lift interest rates at its next meeting. At 03:00 ET (07:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.4% higher at 102.560, after earlier breaking past 103 for the first time in a week. The index had dropped 1.8% in March, pressured by concerns that turmoil in the banking sector would hit economic activity, prompting the to pause its monetary tightening cycle…

BERLIN (Reuters) – German companies active in eastern European have called on the government in Berlin to take on more risk and provide increased security for business in Ukraine, particularly for transport. The situation is especially acute when it comes to transport liability insurance as reinsurers have withdrawn from the market, which poses a problem for logistics companies, said Michael Harms, managing director of the German Eastern Business Association. “The federal government has to take on more risk than usual,” Harms said, and it “shouldn’t relieve companies of business risk but should help with creative instruments.” The association’s demand follows…

Electronic products distributor RS Group was the FTSE 100’s biggest faller on Wednesday as it announced a widespread slowing in sales. As 852.6p per share the RS Group share price was last 4.7% lower in midweek trading. Profit To Beat Forecasts The business announced that it expects adjusted operating profit for the financial year to March 2023 “to be slightly ahead of consensus expectations.” Forecasts suggest full-year profits just shy of £3 billion. It commented that “our gross margin improved, benefiting from a one-off price inflation gain and margin optimisation work.” It added that “tight cost control and more targeted…