Author: News Room

Republican rails against his party’s hardliners: ‘These fringe people think as if they have the high ground, they do not’ On a panel with CNN senior political commentator Scott Jennings and CNN political commentators Jamal Simmons and Kate Bedingfield, Rep. Tony Gonzales (R-TX) tells CNN’s Dana Bash: “The house is a rough and rowdy place,” but Speaker Mike Johnson won’t be ousted.

Trailing its bitter rivals by eight points, FC Barcelona has the La Liga title on the line when it heads to the Bernabeu to face Real Madrid in El Clasico on Sunday. The Catalans are believed to be at a low point after being knocked out of the Champions League quarterfinals in brutal fashion by Paris Saint-Germain midweek. According to Xavi Hernandez, however, the team “trained much better” on Friday and was “still in high spirits after the PSG game”. “May the anger and disappointment of the other day help us to play very good football,” he demanded at his…

By Dharamraj Dhutia and Nimesh Vora MUMBAI (Reuters) – India’s rupee and government bonds will move this week based on developments in the Middle East crisis as well as a key U.S. inflation gauge that will impact the interest rate outlook. The rupee dropped to a record low of 83.5750 to the U.S. dollar on Friday amid worries over a wider conflict in the Middle East and expectations that U.S. interest rates are likely to remain higher for longer. The currency fell 0.1% in the week to end at 83.47, and the losses would have been larger had it not…

Investing.com– Oil prices fell in Asian trade on Monday, extending losses from the prior week amid growing hopes that the Iran-Israel conflict will not escalate further, while the prospect of steady U.S. interest rates and worsening global economic conditions also weighed.  Crude prices were also nursing steep losses over the past week as fears of a demand slowdown, amid weak global economic conditions, somewhat offset escalating tensions in the Middle East.  expiring in June fell 0.8% to $86.62 a barrel, while fell 0.8% to $81.59 a barrel by 21:34 ET (01:34 GMT). Both contracts fell more than 3% each last…

AUD/JPY gains ground as no significant geopolitical developments over the weekend. US Secretary of State Antony Blinken called for calm after an Iranian official stated no immediate plan for retaliation. The Japanese Yen faces challenges as BoJ Governor Kazuo Ueda stated that the central bank must keep the loose monetary policy as underlying inflation remains below its 2% target. AUD/JPY snaps its two-day losing streak on Monday as risk-on sentiment returned, with no significant geopolitical developments over the weekend. Antony Blinken, the US Secretary of State, urged for calm after an Iranian official stated that there is no immediate plan…

A digital shekel will compete with commercial banks for deposits and digital payments, forcing them to improve their services and lower their fees, says the Bank of Israel (BOI). In his speech at an event organized by the local newspaper Globes, BOI Deputy Governor Andrew Abir discussed the digital shekel and its projected impact on the Israeli financial system. The disintermediation of commercial lenders has been cited as a critical challenge in launching a CBDC globally. In some countries like Germany and Italy, the lenders have pledged to oppose potential central bank digital currency (CBDC) efforts unless their role in…

The uber wealthy live a world apart and their investing strategies also look vastly different from the average investor’s portfolio.”While there is no official threshold, centimillionaires or individuals with a total net worth of over $100 million, is a good benchmark as entry into the 0.001% club,” said Kevin Teng, CEO of WRISE Wealth Management Singapore, a wealth enterprise for ultra-high net worth individuals.Globally, the population of centimillionaires stands at around 28,420 individuals, and are largely concentrated in New York City, the Bay Area, Los Angeles, London and Beijing, according to data from WRISE.They bestow knighthood on you in the…

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Simmons on whether Biden can flip Florida: ‘The President’s going to make… a very compelling case’ Texas Rep. Tony Gonzales, CNN Senior Political Commentator Scott Jennings and CNN Political Commentators Jamal Simmons and Kate Bedingfield join CNN’s Dana Bash ahead of President Biden’s speech in Florida.

Real Madrid head coach Carlo Ancelotti will tinker with his line up when trying to wrap up the La Liga title against FC Barcelona in El Clasico on Sunday. Despite playing a gruelling 120 minutes of football that had to be settled via a penalty shootout in the Champions League quarterfinals against Manchester City on Wednesday, Ancelotti said at his pre-match conference that his men have been “recovering well”. “We’re going to put the best team out there,” he vowed. “We’re doing well,” Ancelotti said about the season on the whole. “The cake is ready and all that’s missing is…