Author: News Room

MrBeast, the popular video creator known for big philanthropic gestures and extreme stunts, is making the leap from YouTube to Amazon Prime with a new reality competition show, Amazon announced Monday in a news release. The show, called “Beast Games,” will be released on Prime Video and feature “over 1,000 contestants, $5,000,000 prize, and many other world records,” the creator, whose real name is Jimmy Donaldson, said Monday in a post of X, formerly known as Twitter. It will be “the largest game show in history” with the most contestants and the biggest cash prize, he said in a podcast…

Mexican Peso depreciates as local markets close for Benito Juarez’s birthday, USD/MXN aiming above 16.80. Banxico is widely anticipated to reduce interest rates slightly amidst a focus on upcoming US economic data and the FOMC outcome. Attention turns to key economic reports and central bank decisions in Mexico and the US this week. The Mexican Peso (MXN) depreciates sharply against the US Dollar (USD) on Monday as Mexico’s markets remain closed in the observance of Benito Juarez’s birth, a former President of Mexico. A busy economic week with both US Federal Reserve (Fed) and Bank of Mexico (Banxico) monetary policy…

An ex-parte motion in Nigeria’s crackdown on Binance looks set to expose internal platform information to regulatory scrutiny. A Federal High Court in Abuja, Nigeria’s capital, has ordered Binance to turn over data on all its exchange users to the Economic and Financial Crimes Commission (EFCC) in an investigation into suspected money laundering, foreign exchange rate manipulation, and terror financing. In a March 18 court hearing, EFCC operative Hamma Bello said the agency’s Special Investigation Team was alerted to suspicious activity and petitioned the crypto exchange to cease all naira-related trading facilities. Nigerian authorities initially requested up to six months…

The Supreme Court on Monday appeared deeply skeptical of arguments by two conservative states that the First Amendment bars the government from pressuring social media platforms to remove online misinformation. In more than 90 minutes of oral arguments that occasionally veered into the justices’ personal frustrations with the press, several conservative justices sided with the liberal wing in appearing to doubt claims by two states that the Biden administration violated the Constitution with the practice. Louisiana and Missouri accused the Biden administration of a sweeping censorship campaign conducted through emailed and other communications with social media platforms. In the communications,…

When star center Alperen Sengun came crashing to the floor in a March 10 win against the Sacramento Kings, the Rockets’ play-in hopes seemed all but over. Despite the win, the Rockets sat at just 29-35 and had lost their best player for what appeared to be the rest of the season. But since then, Houston has ripped off three more wins, pushing their record to 32-35. They’ve now won five games in a row and seven of their last eight. They’re rolling, sitting in 11th in the West, and closing in on the Los Angeles Lakers, losers of their…

The hottest housing market in America is poised to see continued price gains, according to Capital Economics. The firm said strong employment trends bode well for the housing market in the south. “We think the southern markets will continue to outperform over the next few years,” Capital Economics said. America’s hottest housing market will see more price gains over the course of the next few years, according to Capital Economics.The research firm said in a note on Monday that America’s southern housing market is poised to see continued strength thanks to two big trends: strong employment and relative affordability.”We think…

Perplexity CEO Aravind Srinivas said Elon Musk’s xAI is stiff competition in the recruiting space.The AI CEO said Musk’s company offers the highest compensation at the moment.It’s also difficult to compete with Musk’s celebrity status, the CEO said. In the battle for AI talent, Elon Musk holds considerable sway.Aravind Srinivas, the CEO of the AI company Perplexity, said it can be difficult to compete with the Tesla CEO when recruiting.Musk launched his own AI startup, xAI, last year and Srinivas said it has since become one of the highest-paying companies for AI talent — on par with OpenAI. Last year,…

By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s gross domestic product (GDP) is expected to have shrunk 1.5% year-on-year in the final quarter of 2023, the third straight annualized contraction, hit by declines in virtually all sectors of the economy, a Reuters poll found. The South American country likely contracted some 1.6% last year and is expected by analysts to shrink again this year, as new libertarian President Javier Milei battles to turn around high inflation and a deep deficit with tough austerity measures. The measures have helped boost the government’s financial situation and shown signs of reining in prices,…

MEMPHIS, TN – In a recent transaction, Kathryn D. Sullivan, a director at International Paper Co (NYSE:), sold 600 shares of the company’s common stock at a price of $36.09 per share. The sale, which took place on March 15, 2024, resulted in a total transaction value of approximately $21,654. The transaction was executed automatically in accordance with a pre-established trading plan known as a Rule 10b5-1 plan, which Sullivan had adopted on November 14, 2023. Such plans allow company insiders to sell shares at predetermined times to avoid accusations of trading on non-public information. Following the sale, Sullivan’s holdings…

By Arathy Somasekhar HOUSTON (Reuters) -U.S. oil stocks in the Strategic Petroleum Reserve (SPR) at year-end will be at or exceeding the level that would have existed prior to massive sales two years ago, U.S. Energy Secretary Jennifer Granholm said on Monday. Stocks will reach those levels in part on the cancellation of congressional-mandated sales of about 140 million barrels, the secretary added. The reserve currently holds about 362 million barrels, down from 638 million three years ago. Other congressionally mandated sales may also be canceled, Granholm said. Having the SPR refilled is a congressional priority and “that’s a conversation…