Congress should consider barring Donald Trump from holding any future office for inciting a violent mob to storm the US Capitol, the House committee investigating the Jan. 6 attack said in its final report. Released in full late Thursday, the 845-page report is the culmination of an exhaustive 18-month congressional investigation into the insurrection and
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Inflation slowed again during December, offering further hope that the worst of last year’s price increases is now in the past. And maybe there’s reason to hope that lawmakers have learned a lesson about how government policy worsened that crisis, too. Bureau of Labor Statisticsdata released Thursday morning show that prices were 6.5 percent higher
Apple Inc.AAPL co-founderSteve Wozniakhas describedBitcoinBTC/USD as the only cryptocurrency thats pure-gold mathematics. What Happened: Wozniak made the comments about Bitcoin in aninterviewwith Business Insider in March 2022, adding that many cryptocurrencies are untrustworthy and have a track record of being rip-offs. There are so many cryptocurrencies that come out now; everybody has a way to
Uniswap, the decentralized exchange, has partnered up with fintech company Moonpay to let users in the U.S., Brazil, the UK and SEPA (Single Euro Payments Area) areas buy cryptocurrencies on its web app with debit cards, credit cards or bank transfers. What Happened: Uniswap said on Tuesday that users may be able to convert fiat
close video Tesla stocks fall due to China EV demand, Musk’s Twitter ‘distraction’: R ‘Ray’ Wang Constellation Research founder R ‘Ray’ Wang discusses the performance of Tesla’s stocks as they head for record lows and provides an outlook for tech stocks. Tesla's recent round of price cuts now involves vehicles sold in the U.S. The
JPMorgan Chase said it might be forced to pay more for deposits this year in what analysts called “a warning shot for the entire industry”. Like other Wall Street banks, JPMorgan has benefited from Federal Reserve interest rate rises boosting net interest income — the difference in what banks pay on deposits and what they
In this article WFC JPM DAL TSLA SPCE BAC .BBKA Follow your favorite stocksCREATE FREE ACCOUNT A person enters the JPMorgan Chase headquarters in New York, June 30, 2022. Andrew Kelly | Reuters Check out the companies making the biggest moves in the premarket: JPMorgan — The bank reported fourth-quarter earnings and revenue before the
China’s exports suffered the sharpest decline in almost three years in December, piling on further economic pressure as policymakers in Beijing grapple with sluggish economic growth and a nationwide outbreak of Covid-19. Exports declined 9.9 per cent year on year in dollar terms in December, according to official data released on Friday by China’s general
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Municipals were firmer Thursday as inflows into muni mutual funds returned and triple-A benchmarks continued to fall, underperforming a U.S. Treasury rally after the consumer price index report showed inflation is cooling. Equities ended up. The three-year muni-UST ratio was at 58%, the five-year at 62%, the 10-year at 68% and the 30-year at 91%,
Moody’s Investors Service upgraded southern New Jersey’s Cooper Health System to A3 from Baa1. The action affects about $312 million of debt. The outlook, previously positive, is stable at the new, higher rating. The upgrade comes as the nonprofit hospital operator, marketed as Cooper University Health Care, begins to carry out a $2 billion ten-year
Muni leaders are airing disagreements and concerns about the Financial Data Transparency Act and other recent developments, highlighting some long-simmering tensions over how issuers disclose information to the market. The multi-pronged discussion on FDTA and other hot topics occurred Thursday at the Richard Ravitch Public Finance Initiative Launch Symposium sponsored by the Volcker Alliance and
Avalanche was one of Thursday’s big gainers, as the token rose by as much as 22% in today’s session. The move came as inflation in the United States fell to 6.5% as markets were expecting. Polkadot was another notable mover, with prices climbing close to a four-week high. Avalanche (AVAX) Avalanche (AVAX) rose by as
Having taught and studied token economics at the University of Nicosia, I’ve found that students often have some decidedly muddled beliefs about how what tokens are and how business and token economies work. Unlike microeconomics and macroeconomics — which are based on decades of research, debate and inquiry that have produced some commonly accepted principles
Federal Reserve Bank of Philadelphia President Patrick Harker said the central bank should lift interest rates in quarter-point increments “going forward” as it approaches the end point in its most aggressive tightening campaign in decades. “I expect that we will raise rates a few more times this year, though, to my mind, the days of
Annual US inflation fell in December to its lowest level in more than a year, in a further sign that price pressures have peaked amid the Federal Reserve’s historic campaign to tighten monetary policy. The consumer price index, published by the Bureau of Labor Statistics on Thursday, declined for a sixth consecutive month, registering an
Current Twitter CEO Elon Musk recently joined a Twitter spaces event to discuss another company that he's in charge of auto manufacturer Tesla Inc. TSLA . The former richest man in the world spent nearly an hour talking to the interviewer. With so much speculation as to Musks motives in light of plunging Tesla stock
Shutdown for the trees — Microsoft will soon push Xbox owners into energy-saving Shutdown mode Xboxes will soon have options for active hours and carbon-friendly downloads. Kevin Purdy – Jan 11, 2023 9:27 pm UTC Enlarge / Microsoft is all but demanding Xbox owners give the drastically more energy-efficient “Shutdown” setting a try.Microsoft reader comments
MELBOURNE Iron ore magnate Andrew Forrest called on Thursday for an overhaul of a A$30 billion (S$28 billion) project to send solar power from Australia to Singapore that collapsed after he and tech billionaire Mike Cannon-Brookes split over funding plans. Singapore-based Sun Cable, largely owned by Mr Forrests private company Squadron Energy and Mr Cannon-Brookes