Author: News Room

Gary Gensler wants 33 more people in the enforcement division of the U.S. Securities and Exchange Commission (SEC) to deal with “new and emerging issues,” according to the regulator’s annual budget pitch. Much of that office’s recent, emerging workload has come from the agency’s pursuit of cryptocurrency businesses, such as Coinbase Inc., Kraken and Binance. A number of U.S. financial regulators noted the rise of crypto as a justification for their latest budget requests – an annual exercise that tends to say more about agencies’ priorities than the actual funding they necessarily end up with. The SEC, for instance, has…

Stubbornly high inflation could push the Federal Reserve into a more cautious stance this year regarding interest rate cuts, the central bank’s former vice chair said Friday.Richard Clarida, who served as Fed governor until January 2022 and is now a global economic advisor at asset management giant Pimco, said his former colleagues need to be on guard against sticky prices that could thwart plans to ease monetary policy this year.At its meeting earlier this week, the rate-setting Federal Open Market Committee indicated it would likely decrease rates three times this year, assuming quarter percentage point intervals. Chair Jerome Powell said…

Donald Trump on Friday claimed to have nearly half a billion dollars in cash — after his lawyers said he doesn’t have enough money to post a bond for his $464 million civil fraud appeal.The apparent contradiction could be serious: Trump has just a few days left to get an appeal bond that would stop New York Attorney General Letitia James from starting to collect on the massive judgment.”Through hard work, talent, and luck, I currently have almost five hundred million dollars in cash, a substantial amount of which I intended to use in my campaign for president,” Trump wrote…

On the morning of January 6, 2021, in a last-ditch bid to overturn his election loss, then-President Donald Trump told then-Vice President Mike Pence that his decision to uphold his constitutional duty and certify the results later that day would be “a political career killer,” according to a witness who overheard part of the call. The witness, a White House valet who was with Trump during most of that fateful day, described the phone call to the now-defunct House committee that investigated the January 6 insurrection. He could only recall Trump’s side of the conversation, but he recounted a direct threat delivered by the…

Topline Drake Bell’s former co-star on Nickelodeon’s “Drake & Josh,” Josh Peck, broke his silence on a new docuseries, “Quiet on Set: The Dark Side Of Kids TV,” in which Bell revealed he had been sexually abused while working for Nickelodeon. Key Facts In a post on Instagram Thursday, Peck said he finished the docuseries and “took a few days to process it,” adding he wanted “to give my support for the survivors who were brave enough to share their stories of emotional and physical abuse on Nickelodeon sets.” Peck said he reached out to Bell privately in the post,…

In the fast-paced world of investing, staying ahead of the curve is crucial for success. As artificial intelligence (AI) continues to transform various industries, savvy investors are turning to AI-powered tools and strategies to gain a competitive advantage in the stock market. From emulating the strategies of legendary investors to analyzing vast amounts of financial data, AI is revolutionizing the way we approach stock evaluation and selection. Harnessing The Power Of Sentiment Analysis Sentiment analysis is a powerful application of AI in stock evaluation. By utilizing state-of-the-art language models like ChatGPT to analyze news articles, social media posts and financial…

The Red Sea has emerged as one of the world’s geopolitical ‘hot spots’. As a result of the conflict in Gaza, the international shipping route between the Suez Canal and the Indian Ocean is now a focus of interest in its own right. Although the general situation has been widely reported, this short paper offers a more nuanced view. It is based on the fact that each of the riparian states has its own priorities; what is more, several of these nations are politically unstable and, in some cases, in conflict with each other. All of which means that the…

In today’s rapidly shifting climate, manufacturers need to be agile to effectively manage their supply chains. Deploying the right cloud technologies can help business leaders unlock the secrets to smart manufacturing success. Snowflake is hosting a virtual event in collaboration with Amazon Web Services focused on helping manufacturers leverage and build a data foundation. Today’s manufacturers face unprecedented challenges in managing their supply chains. Tariffs and geopolitical pressures have forced many to change suppliers, and new dangers threaten longstanding delivery routes. Meanwhile, business leaders are feeling the pressure from customers, partners, and competitors to hasten their deployment of advanced technologies like…

House Republicans proposed raising the age for receiving Social Security benefits.Social Security benefits are already facing funding issues over the next decade.The proposed change has sparked criticism from both Democrats and some Republicans. House Republicans have a plan to raise the age at which Americans receive Social Security benefits — and the agency’s leader isn’t on board.Earlier this week, the Republican Study Committee unveiled their fiscal year 2025 budget proposal — called Fiscal Sanity to Save America — which consisted of nearly 200 pages of funding priorities for key issues, including taxes, higher education, and healthcare.The budget also addressed an…

(Reuters) – U.S. equity funds witnessed robust demand in the seven days to March 20, buoyed by Wall Street’s continued rally and expectations of Federal Reserve rate cuts later this year. According to LSEG data, investors acquired a net $14.07 billion worth of U.S. equity funds during the week, logging their largest net weekly purchase since mid-June 2023. The hit a new record of 5,261.1 this week after the Federal Reserve on Wednesday indicated that it still expects to cut U.S. interest rates three times this year despite recent high inflation readings. U.S. large cap funds in particular, attracted a…