Author: News Room

Just days before the UEFA iShares MSCI EAFE ETF Champions League final pits Real Madrid against Borussia Dortmund at Wembley Stadium, the Spanish club has been rocked by speculation from MARCA that Manchester City is pursuing one of those expected to start in London. The report claims that the Cityzens are monitoring the situation of attacker Rodrygo Goes, who has scored 17 goals in 50 games for the Spanish team this campaign. He has become a regular alongside Vinícius Júnior in Los Blancos’ attack, with Jude Bellingham also performing well as part of a front three. The Brazilian is not…

Amazon’s package delivery drones are expanding their horizons following a nod of approval from the FAA, the company announced on Thursday.”We’re excited to share that the FAA has given Prime Air additional permissions that allow us to operate our drones beyond visual line of sight, enabling us to now serve more customers via drone and effectively expand and scale our drone delivery operations,” Amazon said in a press release.The FAA requires companies to get approval to operate drones beyond a pilot’s visual line of sight, something Amazon said it accomplished after developing “detect-and-avoid technology.” “We’ve spent years developing, testing, and…

By Howard Schneider WASHINGTON (Reuters) -Price cuts by major U.S. retailers and new data showing a slowdown in consumer spending may boost the Federal Reserve’s confidence in falling inflation and take the edge off of corporate profits that have grabbed a larger share of national income since the start of the COVID-19 pandemic. Adjusted for inflation both overall consumption and disposable income dropped slightly in April. The Commerce Department had reported on Thursday that the U.S. economy grew more slowly than initially thought over the first three months of the year largely because of a lowered pace of consumption, a…

(Reuters) – A Tesla (NASDAQ:) shareholder filed a lawsuit on Thursday accusing CEO Elon Musk of insider trading when he sold over $7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public. Shareholder Michael Perry, in the lawsuit filed in Delaware Chancery Court, said that Tesla’s share price plummeted after the company’s fourth-quarter numbers were made public on Jan. 2, 2023, and claimed that Musk “improperly benefited” by about $3 billion in insider profits. “Musk exploited his position at Tesla, and…

WASHINGTON (Reuters) – The U.S. military said on Friday Yemen’s Houthis launched two anti-ship ballistic missiles and one drone over the Gulf of Aden and four drones over the Red Sea. Three of the drones fired over the Red Sea were destroyed by U.S. forces and one crashed into the sea, the U.S. military’s Central Command said. Centcom also said it destroyed the drone fired over the Gulf of Aden. No damage or injuries were reported as a result of the anti-ship ballistic missiles, it said.

POTUS argues that overturning SAB 121 would “jeopardize the well-being of consumers and investors” and constrain the SEC’s ability to address future issues in the crypto space. President Joe Biden has vetoed a bipartisan resolution that aimed to overturn the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121 (SAB 121), a controversial piece of guidance that establishes accounting standards for firms that custody crypto assets. The resolution had passed both the House and Senate with significant support from Republicans and some Democrats. In his veto statement, Biden emphasized the need for appropriate guardrails to protect consumers and investors in…

‘I would like him to feel what I felt’: Michael Cohen on Trump facing possible jail time CNN’s Erin Burnett talks to Michael Cohen, former Trump attorney and a key witness in Trump’s hush money trial, about the guilty verdict in the criminal case.

When Indian Prime Minister Narendra Modi visited the United States last June, he was invited to the traditional White House dinner. Modi took the opportunity to shoehorn in a cricket reference about the then forthcoming 50-over World Cup. “Amidst the love for baseball, cricket is also getting popular in the U.S. The American team is trying their best to qualify for the Cricket World Cup to be held in India later this year. I wish them good luck and success,” the PM said. President Biden looked pleasantly surprised – even bemused – at the reference. Unlike the Indian Premier League,…

As more of Ukraine’s allies say it can use weapons they’ve supplied to hit targets in Russia, under certain conditions, experts say the move will open up new targets, but may not be the silver bullet Ukraine hopes.Lifting the restrictions will help Ukraine repel Russian attacks, especially at its borders, but comes late, with Ukraine facing major ammunition and manpower shortages, war analysts and experts told BI. For these missions, Ukraine is also likely to lack the Western intelligence support useful to locate high-value targets far beyond the front lines.”It is so late,” Keir Giles, a senior consulting fellow at…

It didn’t take long for Donald Trump’s press conference after his felony convictions to go off the rails.Trump launched into a free-wheeling speech on Friday, insulting President Joe Biden and spreading conspiracy theories about terrorists crossing the US border.But most notably, Trump ranted against key prosecution witness and his former lawyer Michael Cohen, risking another violation of the judge’s orders in his hush-money case.In a meandering press conference at Trump Tower on Friday, the former president railed against the “rigged trial” that ended with him convicted on 34 felony counts.He also slammed “sleazebag” Michael Cohen, whose testimony helped seal his…