Author: News Room

For sale: A brand new luxury electric SUV for the holy-grail price of $25,000. There just might be a slight catch. The California-based electric SUV company Fisker faces a real possibility of bankruptcy, and its stock is hovering just over 2 cents a share, far below its 2021 peak of $28.50. And even though production has halted, the company still has SUVs to offer, so it’s having a sale. Prices for Fisker’s Ocean SUV have been cut by as much 39%. The catch, however, is that the car has received critical reviews rather than wide acclaim. And getting it serviced…

Gold prices ascend, aiming for the $2,200 mark, buoyed by expectations of a Fed rate cut. A dip in US Treasury yields to 4.19%, slight decrease in real yields enhance Gold’s appeal as a safe-haven. Traders eyed Fed Governor Christopher Waller’s speech and upcoming core PCE data for potential cues on monetary policy direction. Gold prices climbed steadily during the North American session on Wednesday as buyers targeted the $2,200 figure. A scarce economic calendar in the United States (US) prompted investors to buy the yellow metal on the back of rising speculation of a rate cut in June by…

Roger Ver was one of the most vocal and important figures for Bitcoin’s (BTC) worldwide adoption in the early days. The well-known investor and entrepreneur appeared in an interview on the Bitcoin Takeover Podcast on March 27. Among different topics, Roger Ver discussed with Vlad Costa about Ross Ulbricht’s 40th birthday, his thoughts on cryptocurrencies, and what would take Ver to vocally support Bitcoin again. In particular, he explains that he would need to see Bitcoin being able to provide more economic freedom to the world. However, Roger Ver does not think this has been the case for the past…

Amazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the artificial intelligence race. The tech giant said it will spend another $2.75 billion backing Anthropic, a San Francisco-based startup that’s widely viewed as a front-runner in generative artificial intelligence. Its foundation model and chatbot Claude competes with OpenAI and ChatGPT.The companies announced an initial $1.25 billion investment in September, and said at the time that Amazon would invest up to $4 billion. Wednesday’s news marks Amazon’s second tranche of that funding.Amazon will maintain a minority stake in the company and won’t…

Ocean carriers are declaring “force majeure” due to the Baltimore port bridge crisis, telling logistics companies and U.S. shippers including retailers that once cargo is dropped off at alternate ports, it becomes their responsibility to pick up.In an alert to customers Tuesday, CMA CGM wrote, “Those (containers) on the water will be discharged at an alternate port where they will be made available for pick-up, and CMA CGM’s bill of lading will terminate.”It was the first ocean carrier to declare force majeure — the provision in a contract that frees parties from an obligation due to events beyond their control.COSCO…

Israeli Prime Minister Benjamin Netanyahu’s office has agreed to reschedule a planned meeting with US and Israeli officials to discuss a possible operation in Rafah, the White House confirmed Wednesday, just days after Netanyahu canceled the delegation. “The Prime Minister’s Office has agreed to reschedule the meeting dedicated to Rafah,” White House press secretary Karine Jean-Pierre said. “So, we’re now working with them to set to find a convenient date that’s obviously going to work for both sides, but his office has agreed to reschedule that meeting which would be dedicated to Rafah, which is a good thing.” CNN reported…

Topline Former President Donald Trump ripped into Manhattan Judge Juan Merchan on Tuesday, amping up his attacks on the jurist a day after he ruled Trump’s “hush money” case will go to trial April 15—and reprising his use of the “Stop the Steal” rallying cry Trump and his supporters deployed to claim he is the true winner of the 2020 presidential election. Key Facts Trump renewed his call for Merchan to recuse himself and for the trial to be moved to Staten Island, the only New York City borough that voted for him in the 2020 presidential election, alleging Merchan…

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Amidst Vladimir Putin’s prolonged presidency in Russia, the conflict in Ukraine has persisted in the third year alongside escalating geopolitical tensions in the Arctic. The United States’ imposition of fresh sanctions, especially following the death of opposition leader Alexei Navalny in prison, indicates a deepening strategic rivalry in the Arctic region. The situation is further complicated by Sweden’s recent decision to join NATO, extending the alliance’s reach into the High North. China’s growing presence in the Arctic has also caught the attention of Western powers, prompting strategic reactions. Meanwhile, Russia’s threats to withdraw from the Arctic Council and even consider…

The biggest lottery jackpot ever won, a huge prize of $2.04 billion, was in California in 2022. A New Jersey winner just set a Mega Millions jackpot record: an estimated $1.13 billion. In 2019, a North Carolina man won $344 million after using numbers from a fortune cookie. A Mega Millions lottery ticket winner in New Jersey just set a record for the biggest jackpot in the state and what could be the fifth-largest jackpot in the history of Mega Millions. Still, the estimated $1.13 billion win isn’t the biggest lottery prize of all time.In November 2022, a California resident won…