Author: News Room

President Joe Biden’s re-election campaign has initiated outreach to cryptocurrency industry players, seeking guidance on future crypto policy, according to reports. This move marks a significant shift from Biden’s previously distant approach towards the industry, reflecting a growing recognition of the impact crypto-related issues could have on the upcoming presidential race. Biden campaign engages with crypto experts The engagement effort, which began about two weeks ago, highlights a strategic pivot by Biden’s team as they navigate a potentially close re-election bid. Several reports noted that the campaign has reached out to crypto experts, including industry figures previously rebuffed by Biden.…

Best Buy on Thursday missed Wall Street’s quarterly sales expectations, but stressed higher profits and lower costs as softer demand for consumer electronics continues.The retailer beat on earnings per share and stuck by its full-year forecast. It expects revenue will range from $41.3 billion to $42.6 billion for the full year. That would mark a drop from the most recently ended fiscal year, when full-year revenue totaled $43.45 billion. It said comparable sales will range from flat to a 3% decline.In a news release on Thursday, CEO Corie Barry acknowledged “a challenging sales environment” for the consumer electronics category and…

CNN reporter clarifies Trump’s claim judge in hush money trial donated to Biden’s campaign CNN’s Daniel Dale fact-checks the speech former President Donald Trump made while the jury deliberated during his hush money trial, where he claims the charges he is facing are rigged.

Chelsea have confirmed the appointment of Sonia Bompastor as their new manager following the departure of Emma Hayes. The Women’s Super League champions said Bompastor will join them from Lyon on a four-year contract, beginning her role on July 1. Bompastor played for France and was capped 156 times before she hung up her boots in 2013. Later, she took up a coaching role in Lyon’s academy and became the head coach in April 2021. The Frenchwoman led Lyon to a league and European double during her first full season in charge in 2021-22, becoming the first person to win…

Investors shouldn’t fret about the upcoming presidential election. And they definitely shouldn’t let politics upend their long-term financial plans. Why? Because historically, financial markets have rewarded investors who stay the course. And while it may seem counterintuitive, in the past, U.S. stocks were less likely to incur losses during election years versus non-election years. These charts can help explain what investors should expect from the stock market this election cycle. What To Expect From The S&P 500 During The Presidential Election Besides loads of campaign ads, investors should expect increased market volatility from September to election day. But that’s no…

It was then registered to a company called MM Fleet Holdings LLC, based in Dallas, Texas, Federal Aviation Administration records show.Mehrdad Moayedi, an Iranian-American real estate developer based in Dallas, has been identified by The Daily Beast as the owner of MM Fleet Holdings LLC.Aside from purchasing the private jet, Moayedi has previously used his earnings to regularly donate to the Republican Party. From 2019 and 2020, his donations to the Trump campaign totaled $245,000.In the last five years, he has donated hundreds of thousands of dollars to other Republican candidates and organizations, including $50,000 to the Ted Cruz Victory…

According to the outlet, the OpenAI CEO recently reached an agreement with the iPhone maker to incorporate some OpenAI services into Apple products. Nadella was reportedly concerned about the potential impact of a deal on Microsoft’s product ambitions, per the report.Representatives for OpenAI, Apple, and Microsoft did not immediately respond to requests for comment from Business Insider, made outside normal working hours. Apple and OpenAI declined to comment to The Information.Apple was said to be considering both Google and OpenAI for the deal, which could be worth billions. If OpenAI has indeed reached an agreement with Apple, it would be…

By Jack Queen, Luc Cohen and Andy Sullivan NEW YORK (Reuters) – Jurors in Donald Trump’s hush money trial return for a second day of deliberations on Thursday, applying extra scrutiny to a pair of high-profile witnesses as they weigh the fate of the first U.S. president to be charged with a crime. It was unclear when the 12 jurors and six alternates would reach a verdict that could potentially upend Trump’s hopes of recapturing the White House from Democratic President Joe Biden as the Republican candidate in the Nov. 5 election. A conviction will not prevent Trump from campaigning…

By Huw Jones LONDON (Reuters) – The European Union said on Thursday it had given final approval to roll out the remaining batch of tougher bank capital rules from January 2025, building on safeguards introduced after taxpayers had to bail out lenders in the global financial crisis over a decade ago. The bulk of the Basel III rules, written by the Basel Committee of banking regulators from the world’s major economies, has already been implemented, but the final batch includes a major addition known as an ‘output floor’. This safeguard aims to stop big banks, who can use their own…

By David Ljunggren, Michel Rose, Allison Lampert and Tim Hepher OTTAWA/PARIS (Reuters) – French President Emmanuel Macron personally intervened to persuade Canadian Prime Minister Justin Trudeau to give Airbus and other aerospace firms relief from sanctions on Russian titanium, according to three people familiar with the matter. The sensitive request was made during a phone call between the two leaders in March, weeks after Canada broke ranks with allies and slapped sanctions on the strategic metal, alarming France-based Airbus and others that still rely on Russian supplies in plants located in Canada or elsewhere. A source close to the French…