Author: News Room

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. This should have been the week the Federal Reserve finally begins to cut interest rates after rapidly raising them to a 23-year high, at least according to Wall Street’s hopes from just two months ago. But disappointing inflation readings gave investors a rude awakening, and if economic data continue to show more of the same, then the Fed could very well delay the…

The cryptocurrency market has retraced in the past few days, losing over $250 billion of total capitalization since March 14. This movement created potentially good entry points for cryptocurrencies with a strong long-term momentum, acting as a buy signal. Notably, the market remains strong despite the recent significant price correction, which is natural and expected in bull rallies. Finbold gathered the following data from CoinGlass on March 17. Looking at the weekly Relative Strength Index (RSI), we see an average of 60.37, in the “Strong” zone. Therefore, it is an important technical indicator of how most cryptocurrencies should still perform…

Discussion around the potential for a recession is becoming less common among American business executives. Ever since the Federal Rserve began raising interest rates in early 2022, corporations and investors have braced for how a recession might play out. Now, the topic is losing its luster on earnings calls held by the largest U.S. companies as it becomes increasingly likely that inflation has been cooled without causing an economic contraction. The word recession came up on the fourth-quarter earnings calls of 47 companies in the S & P 500, according to market data platform FactSet. That’s the lowest number since…

Six months since opening the impeachment inquiry into President Joe Biden, House Republicans now face a dilemma of their own making: They currently lack the votes in their divided, narrow majority to impeach the president, but ending their investigation would essentially absolve Biden, a signal Republicans do not want to send in an election year. With the appetite for impeachment waning, Republicans are discussing instead whether to end their investigation by sending criminal referrals to the Department of Justice as pressure to answer calls from the right-wing base to hold Biden accountable remains palpable. Republicans had structured much of their…

Sunday, lazy Sunday. What better way to spend it than with a lovely Wordle. You can also peruse my latest streaming guide to see what new shows and movies are worth checking out this weekend. But let’s do the Wordle first. We’re into the quadruple digits in Wordle which is pretty wild. Wordle #1002, and just under a thousand more before we hit 2,000. And then only a few hundred more before the game runs out of words entirely! What will happen then? It’s funny, I wrote a different guide today for the new movie puzzler Cinematrix. You can check…

By Sheila Dang and Nazli Togrul (Reuters) -TikTok displayed a notification to some U.S. users on Friday, urging them to call their senators and ask them to vote no to a bill that would ban the popular short-form video app if it is not divested from Chinese tech company ByteDance. “Tell your Senator how important TikTok is to you. Ask them to vote no on the TikTok ban,” the notice said, which allowed users to enter their zip code to locate their senator’s phone number. “Now, if the Senate votes, the future of creativity and communities you love on TikTok…

Multi-tiered cakes, elaborate floral displays and choreographed first dances: The traditional white wedding has been long considered a hallmark of American life. The obsession with lavish weddings grew to a fever pitch in the years following the start of the Covid-19 pandemic. At the same time, inflation soared — and the average cost of a wedding broke $30,000 for the first time in 2023, according to The Wedding Report, a research company that tracks wedding data. Now, after two years of elevated inflation eating into consumers’ wealth, for some engaged couples, splurging on a dessert table or extra sprays of…

Three days after turning $72,000 to $30.2 million, sundayfunday.sol, the largest presale participant of Solana-based meme coin BOOK OF MEMES (BOME) took some profits. According to Lookonchain, the participants spent 421 SOL to buy 1.43 billion BOME. After the price pumped and the market cap surpassed $1 billion, he sold 190 million BOME for $3.66 million. As of this writing, the trader still had 1.24 billion BOME, valued at $26.57 million left. sundayfunday.sol turned $72K into $30.2M in just 3 days on $BOME!😱sundayfunday.sol is the largest $BOME pre-sale participant, spending 421 $SOL($72K) to participate in the pre-sale of $BOME and…

Hear more on House Republican primary races on “Inside Politics Sunday with Manu Raju” at 8 a.m. ET and 11 a.m. ET. House Republicans, who have seen their time in the majority devolve into a seemingly endless series of internal party feuds, now have a new problem: GOP lawmakers targeting other sitting members in their primaries. In at least four primaries – in South Carolina, Illinois, Texas and Virginia – Republican members are actively campaigning against one of their own, inflaming tensions in a conference where emotions are still raw in the aftermath of Kevin McCarthy’s unprecedented ouster atop the House. Speaker Mike Johnson…

The Rockets reported last week that promising rookie forward Cam Whitmore would be out of the lineup for three weeks with a sprained right knee. The Rockets play their last game of the season on April 14 at the Los Angeles Clippers. Rockets head coach Ime Udoka said that Whitmore had a sprained lateral collateral ligament. Udoka said the timetable could be shorter based upon how Whitmore reacted to treatment. The news comes at an inopportune time as the Rockets, 32-35, make a push for the play-in. After Saturday’s win over the Cleveland Cavaliers, the Rockets have won five straight…