Author: News Room

Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. Rupert Murdoch is at risk of being personally dragged into another major lawsuit. Lawyers for Prince Harry and a number of other notable public figures, including Guy Ritchie and Hugh Grant, asked a U.K. court on Wednesday for permission to amend their lawsuit against Murdoch’s British newspaper company, leveling the explosive allegation that the billionaire media mogul was personally involved in covering up wrongdoing. The lawsuit, filed in 2019, accuses News Group Newspapers, the parent company…

Economists at TD Securities discuss the Bank of England Interest Rate Decision and its implications for the GBP/USD pair. Hawkish Hold (15%)  Most of the Policy Summary is unchanged from February. But echoing Pill’s recent comments, it adds a line that the majority of the MPC still thinks that rate cuts remain ‘some way off’, effectively ruling out a May cut, and putting June into serious question. GBP/USD +0.50%. Neutral Hold (65%) The MPC leaves almost all key guidance unchanged from February’s Policy Summary, especially ‘policy needs to be restrictive for an extended period of time until the risk of…

Circle plans to launch its CCTP system on the Solana mainnet next week, allowing users to seamlessly move Solana-based USDC to other blockchain networks. Circle first launched the Cross-Chain Transfer Protocol last year but limited the protocol to certain blockchains. The latest development would see it deployed to the Solana mainnet, with an estimated arrival scheduled for March 26. The Circle developer community’s X account disclosed the upcoming move in a recent post, revealing that the protocol is already live on the Solana devnet ahead of the imminent mainnet launch. This would allow developers on Solana to test out the…

Apple headed for worst day since AugustApple shares dropped more than 3% after the Justice Department sued the iPhone maker in a landmark antitrust case. That decline would be the tech giant’s biggest since Aug. 4, when it fell 4.8%.Stock Chart IconStock chart iconAAPL slides— Fred Imbert, Gina FrancollaApple shares slide after DOJ antitrust lawsuit Apple shares slid 3% after the Department of Justice sued Apple on Thursday, saying that its iPhone ecosystem is a monopoly that drove its “astronomical valuation” at the expense of consumers, developers and rival phone makers.Federal antitrust enforcement and 16 attorneys general also say that Apple’s anti-competitive…

The Department of Justice sued Apple on Thursday, saying its iPhone ecosystem is a monopoly that drove its “astronomical valuation” at the expense of consumers, developers and rival phone makers.The lawsuit claims that Apple’s anti-competitive practices extend beyond the iPhone and Apple Watch businesses, citing Apple’s advertising, browser, FaceTime and news offerings.”Each step in Apple’s course of conduct built and reinforced the moat around its smartphone monopoly,” says the suit, filed by the DOJ and 16 attorneys general in New Jersey federal court.Apple shares fell over 4% during trading on Thursday.The Justice Department said in a release that to keep…

Former President Donald Trump’s lawyers pushed back Thursday on several of the suggestions the New York attorney general’s office made about how he can pay bond. That includes the idea that Trump could get several underwriters to secure bonds totaling the judgment – saying it would still require Trump to post half a billion dollars in cash or stock – money he doesn’t have. The court filing comes as Trump now has four days to satisfy the judgment or sway an appeals court to allow him to post a smaller amount or defer posting the payment until after the appeal.…

Since October 2023, the trajectory of oil demand and timing of an eventual “peak” have come under considerable scrutiny and polarized opinions both within and beyond the energy market. That’s after the think-tank International Energy Agency (IEA) predicted oil demand would peak in 2030. It’s executive director Dr Fatih Birol emphatically declared: “The transition to clean energy is happening worldwide and it’s unstoppable. It’s not a question of ‘if’, it’s just a matter of ‘how soon’ – and the sooner the better for all of us.” The peaking would happen around 97 million barrels per day in the 2030s, he…

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The Federal Reserve’s aggressive inflation-fighting tactics have helped the country recover from the pandemic — but they’ve also put financial strains on Americans’ housing budgets.To combat high inflation, the Fed began raising interest rates in March 2022 with the idea that doing so would eventually lower prices and bring Americans some financial relief. And the central bank’s war on inflation appeared to work — in September 2023, the Federal Open Market Committee announced a pause on interest rate increases as inflation continued to decline.Since then, the central bank has continued to hold interest rates steady, with Fed Chair Jerome Powell…

Earlier this year, guests at Royal Caribbean’s Perfect Day at CocoCay private island were the first to revel at the historic sight of the two world’s largest cruise ships, Icon of the Seas and Wonder of the Seas, docked side-by-side.The vessels towered over their communal dock like skyscrapers, casting a dark shadow over their relatively tiny shared pier.Together, they can accommodate up to 19,250 people.At 1,198 feet long and 250,800 gross-tons, the Icon of the Seas is a sight to behold. When it launched in late January, the giant vessel upstaged its 10-foot shorter predecessor, Wonder of the Seas, as…