Author: News Room

“Buy your mom an iPhone.” That was Apple CEO Tim Cook’s famous response at Vox’s 2022 Code Conference, when a reporter complained that her mother couldn’t see the videos she texted to her mom’s Android phone because they were grainy and slow. It’s also a quip that US Attorney General Merrick Garland quoted – and sharply criticized – Thursday at a press conference announcing the Justice Department’s landmark antitrust lawsuit against Apple, in which the Biden administration and 16 states allege Apple is illegally abusing the iPhone’s monopoly power in the smartphone market. The massive lawsuit against one of the…

The DXY index bottomed at weekly lows and managed to trim Wednesday’s losses   The Fed’s stance seems slightly dovish, unmistakably resisting overreaction to two months of hot inflation. S&P PMIs came in mixed, Jobless Claims figures came in stronger than expected. The US Dollar Index (DXY) is currently trading at 103.80, marking a 0.50% increase, almost trimming all of Wednesday’s losses. The Greenback gained ground after mixed S&P preliminary PMIs from March and strong weekly Jobless Claims. The overriding consensus is a start to an easing cycle in June and the timing of the next cut will be dictated by…

It came to light yesterday that the U.S. Securities and Exchange Commission (SEC) is likely looking to reclassify Ethereum’s native token, ether (ETH), as a security. Not everyone believes this to be the case, and so far the SEC has deferred answering definitively on whether there is an ongoing probe — just like how the agency has punted the can on saying definitively that ETH is or isn’t a security. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here.…

The Apple Vision Pro has had two major knocks against it since being announced last June: the hefty price tag and the lack of a killer app. However, both criticisms of the mixed reality headset lost their bite this week after a somewhat overlooked announcement from Nvidia CEO Jensen Huang. Speaking at Nvidia’s highly anticipated GTC conference — nicknamed the “AI Woodstock” by Bank of America — Huang told the audience of developers, engineers, and other tech pros that its 3D design platform Omniverse can now be streamed directly to Vision Pro headsets. For the uninitiated, Nvidia’s Omniverse is a…

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Add $1.2 trillion in government spending bills to the short list of things where it’s fine to barely miss – horseshoes, hand grenades and taxpayer dollars. The multi-act, epic saga of funding the government for the fiscal year that is nearly halfway over is finally at its end, but maybe not before funding lapses for much of the government after 11:59 p.m. ET Friday. It’s not exactly a shutdown if lawmakers can pass the package close to on time,…

Beyoncé broke the internet as she revealed the official cover for her eighth studio album, Cowboy Carter on Instagram. The album is the second installment of the multi-Grammy award-winning artist’s three-act project, encompassing a theme dedicated to the cultural roots of country music and her own familial Texan roots. The post began the 10-day countdown to its March 29 release, where Beyoncé expresses gratitude to her supporters and highlights her experience since the release of the highly anticipated album’s two singles. “Today marks the 10-day countdown until the release of act ii,” the “Texas Hold ‘Em” singer wrote. “Thank you…

This Women’s History Month lies on the precipice of a major transition in finance. According to a McKinsey study, women stand to inherit $30 trillion in the incipient Great Wealth Transfer by 2030. Whether it’s their own or institutional capital, women are playing essential roles in building tomorrow’s economy, and often through paths that seek to ensure that profit, people, and the planet all work together. With that in mind, here are six women building that ecosystem today as investors, entrepreneurs, and serious changemakers. Patty Arvielo Patty Arvielo, a self-made entrepreneur, has spent over 40 years in the mortgage industry,…

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But there’s just one wrinkle — the former president could land himself in legal hot water if he were to use campaign donations to pay off the more than $457 million he now owes the state, an ethics watchdog group told Business Insider.”Campaigns are barred from spending money on anything that isn’t a specific, election-related expenditure,” said Robert Maguire, research director for Citizens for Responsibility and Ethics in Washington.”Paying off a personal legal judgment doesn’t fall into that category,” he said.”Of course, Trump may try to do so anyway,” Maguire said, calling the federal regulations surrounding such a use of…

Despite wide public support against the practice, members of Congress invest in the stock market.People have invested at least $55 million in two years mimicking members of Congress’ portfolios.Pelosi’s reported trades increased 45% in value in 2023. Crenshaw’s increased in value by 41%. An app allowing its users to trade like members of Congress and leading investors just broke $100 million in total investments. Despite its success, the app’s cofounders adamantly say they hope it leads Congress to ban themselves from trading.Released in January 2023, Autopilot pulls trading data filed by members of Congress and allows users to copy their…