Author: News Room

A federal judge’s decision this week reprimanding Elon Musk’s X will have reverberating effects on efforts to hold influential online platforms accountable, legal experts and advocacy groups say. On Monday, District Judge Charles Breyer dismissed and excoriated a lawsuit by X against online watchdog group Center for Countering Digital Hate as an attempt to silence the non-profit group for sounding alarms about hate speech on the platform. Breyer wrote in Monday’s order that the lawsuit was “unabashedly” about “punishing” reports written by CCDH, which X had accused of campaigning to drive away its advertisers. Breyer held that the reports were…

  Dow Jones ticks up Tuesday in a calm pre-Easter trading session. Market sentiment is moderately positive, buoyed by hopes that the Fed will start cutting rates in June. Trading volume remains at low levels with investors awaiting Friday’s PCE Prices Index data. The Dow Jones Industrial Average (DJIA) shows a mild advance on Tuesday’s early trading. Wall Street has opened the session in green, with mega-cap growth stocks leading gains.The index, however, remains far from the historic highs reached on Thursday. The dovishly-tilted monetary policy statement by the Federal Reserve boosted investors’ confidence that the Fed will start rolling…

Bitlayer has announced a partnership with Polyhedra, calling it groundbreaking as it enables both of them to set a new standard for Bitcoin L2 solutions. The objective of the partnership is to create a superior Bitcoin layer solution by utilizing Polyhedra’s innovative ZK proof method. More information about the partnership is expected to be rolled out in the coming days. Polyhedra Network has confirmed the announcement by expressing their excitement about the partnership. The team has stated that it is looking forward to working with the first Bitcoin security-equivalent L1 based on BitEVM. The Network has also said that they…

Check out the companies making headlines in midday trading. Krispy Kreme — Krispy Kreme popped nearly 30% and headed for its best day on record. McDonald’s plans to sell the company’s doughnuts at its restaurants nationwide by the end of 2026, with the initial rollout beginning later this year. McDonald’s shares were little changed. Trump Media & Technology Group — Shares of former President Donald Trump’s social media company surged 35% after it began trading on the Nasdaq . Trump Media completed its merger with shell company Digital World Acquisition Corp . on Monday. McCormick — The stock jumped 10%…

Logistics companies up and down the East Coast were urgently relaying messages back and forth to clients Tuesday on the status of their imports and exports, after the Port of Baltimore was shut down in response to the collapse of the city’s Francis Scott Key Bridge. A massive rescue effort was underway Tuesday morning.”Our first priority is engaging clients to make plans for containers that were originally routed to Baltimore that will be discharged at other ports on the Eastern Seaboard,” explained Paul Brashier, vice president of drayage and intermodal for ITS Logistics.”These diverted volumes will impact the ports of…

Taylor Swift’s Reputation was one of her most divisive albums when it arrived in 2017. The singer’s turn into darker themes and electronic sounds didn’t thrill everyone, but the set has proved to be an incredibly stable project, as it hasn’t faded from popularity in the years since it dropped. This week, the title is actually surging when it comes to pure purchases, which is incredibly impressive for a studio effort that’s been out for so long. In the past tracking period, Reputation sold 1,911 copies in the U.S., according to Luminate. That sum is up nearly 21% from the…

Key News Asian equities were largely higher, except for India following yesterday’s market holiday in celebration of Holi. In his speech at the China Development Forum, PBOC head Pan Gongsheng focused on China’s economic recovery, noting supportive monetary policy and “positive signals in the real estate market.” His statements lifted the real estate sector in Hong Kong, where it gained +0.40% and Mainland China, where it gained +0.47%. The PBOC has kept the Renminbi from weakening versus the US dollar. There was chatter that global CEOs are staying in Beijing for a special meeting with President Xi, which could be…

Belarusian President Aleksandr Lukashenko said his country’s security, with the help of Russia’s Federal Security Service, tried to prevent Crocus City Hall shooting suspects from entering Belarus.”There was no chance they could enter Belarus,” Lukashenko said, reported the state-run Belarusian Telegraph Agency. “So they took a turn and headed to the Ukraine-Russia border.”Lukashenko said his officials were in touch with the FSB director and closed a road into Belarus that the fleeing suspects could try to use. Lukashenko’s statements on the concert hall terror suspects fleeing towards Belarus undermine the Kremlin’s claims that the suspects tried to escape to Ukraine…

A container ship collided with a major bridge in Baltimore on Tuesday.The bridge’s collapse led to all shipping traffic in and out of the port being suspended.Maersk, the shipping giant, is transporting cargo set for Baltimore by road instead. The bridge collapse in Baltimore is having a significant impact on the city’s port, one of the nation’s busiest.A container ship crashed into the Francis Scott Key Bridge at around 1:30 a.m. Tuesday, causing the structure to fall into the Patapsco River.Paul Wiedefeld, the Maryland transportation secretary, said at a press conference: “Vessel traffic into and out of the port of…

WARSAW (Reuters) – Polish ruling party lawmakers are seeking to bring central bank governor Adam Glapinski before a state tribunal in a process that could remove him from his post. Below are the main accusations and procedural steps that need to be taken to hold him responsible for allegedly breaching the constitution. He denies any wrongdoing. BUDGET DEFICIT FINANCING Lawmakers accuse Glapinski of indirectly providing budget deficit financing in the amount of 144 billion zloty ($36 billion) under a quantitative easing program during the COVID-19 pandemic. This included buying government bonds or bonds issued by the state-owned Polish Development Fund…