Author: News Room

Arizona Gov. Katie Hobbs signed legislation Thursday repealing the state’s 160-year-old near-total abortion ban, setting the stage for a 15-week restriction to remain law. The Democratic governor signed the bill one day after it passed the GOP-held Senate, where two Republicans joined with all 14 Democrats in the chamber to advance the measure. The hourslong debate over the bill grew contentious as Republicans blasted the two defectors and railed against Democrats and a potential fall ballot initiative that would enshrine abortion rights into the state constitution. At a signing ceremony Thursday, Hobbs and other Democratic leaders framed the repeal as…

Walmart fired a huge blast in the private label wars, rolling out a new private label after building what had already become among the world’s biggest such brands. Competitors such as Great Value and other brands are getting company in Walmart aisles, which marks a huge, if only the latest, bet on private label. The Bentonville, Ark.-based giant just launched its “bettergoods” private label, which it’s billing as its “largest private brand food launch in 20 years” with 300 items, from $2 to $15, primarily under $5, including frozen, dairy, snacks, beverages, pasta, soups, coffee, chocolate and more. The company…

Jeff Bezos spent nearly three decades at the helm of Amazon.His successor, Andy Jassy, has called him the “most unusual business leader of our era.”Here’s some of Bezos’ most famous principles for running a team and business. Andy Jassy has called him “arguably the most unusual business leader of our era.”In his 27 years at the helm of Amazon, Jeff Bezos taught his successor, Jassy, and others a lot about how to run one of the world’s biggest businesses.Here’s some of the advice he’s shared over the years about managing a team and company:Think big pictureBezos “always had a way of…

Students protesting Israel’s war on Gaza may be ruining their career prospects, says Kevin O’Leary.The “Shark Tank” host said employers could identify applicants who joined in the protests using AI.”I can’t believe the stuff I find in background checks now. These people are screwed,” he said. “Shark Tank” host and investor Kevin O’Leary says pro-Palestinian student protesters will be “screwed” when they start job hunting.This, O’Leary says, is because employers can now use AI technology to screen applicants and filter out those who have taken part in protests. Advancements in technology have made it much easier to identify people on camera, the…

A look at the day ahead in European and global markets from Ankur Banerjee:A more dovish-than-expected Federal Reserve meeting and an eye-watering $110 billion share buyback programme from Apple (NASDAQ:) have boosted risk sentiment ahead of the crucial U.S. nonfarm payrolls report later in the day.But let’s be honest – yen remains the talk of the town and with Japan on holiday Friday and Monday, yen bears are nervously looking over their shoulders, wary of yet another round of intervention during quieter periods.Traders suspect authorities stepped in on at least two days this week and data from the BOJ suggests…

Investing.com– Most Asian stocks rose on Friday, supported by technology shares as positive earnings from Apple Inc supported sentiment, although regional market holidays and anticipation of key U.S. data kept gains in check.Regional trading volumes were somewhat dulled by holidays in Japan and China. Asian markets took a positive lead-in from Wall Street, which rose on Thursday as tech stocks rebounded from steep losses this week. U.S. stock index futures also rose in Asian trade.But overall gains were limited, while Wall Street was still headed for weekly losses as fears of high-for-longer U.S. interest rates largely quashed any optimism. Focus was…

The Japanese Yen continues to draw support from speculated government intervention. The post-FOMC USD selling turns out to be another factor weighing on the USD/JPY pair. Investors now look forward to the crucial US NFP report for a fresh directional impetus. The Japanese Yen (JPY) attracts buyers for the third successive day on Friday, or the fourth day in the previous five, and climbs to a nearly three-week high against its American counterpart during the Asian session. Speculations that Japan’s financial authorities intervened again on Thursday, for the second time this week, with an intention to prop up the domestic…

Coinbase reported revenues of $1.64 billion during the first quarter, surpassing the expected $1.34 billion amount. The surge in revenue comes amid a robust Bitcoin rally that has significantly impacted the crypto market. The company’s earnings stood at $4.40 per share, a substantial improvement from the $1.09 average analyst estimate, though differences in accounting methods could affect comparability. This represents a significant recovery from the previous year’s loss of $78.9 million, or 34 cents per share. A significant component of the revenues was a $650 million mark-to-market gain on digital assets held for investment, following new accounting standards adopted by…

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