Author: News Room

Legendary US investor and long-time crypto critic Warren Buffett has once again lashed out at Bitcoin, claiming that it is a gambling token and doesn’t have any intrinsic value.During a recent interview with CNBC’s Squawk Box, the Berkshire Hathaway CEO and chairman labeled Bitcoin a “gambling token.” He claimed that people go after Bitcoin in search of “easy money,” alerting that the pursuit of getting rich in a short period of time comes with grave risks.“Bitcoin is a gambling token, and it doesn’t have any intrinsic value. But that doesn’t stop people from wanting to play the roulette wheel.”He added that people are…

Vox Media is gearing up for its first Code Conference without Kara Swisher at the helm. The invite-only event, which attracts top technology executives and journalists, will be hosted by The Verge Editor-In-Chief Nilay Patel, Platformer founder Casey Newton and CNBC senior media and tech reporter Julia Boorstin, Vox Media told CNN on Wednesday. Swisher, the journalist who co-founded the news-making conference with reporter Walt Mossberg and hosted it for the past two decades, will still participate in the conference, albeit in a less outsized role. “This year, there will be more to discuss than ever,” Jim Bankoff, chief executive…

By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s inflation rate is expected to have clocked in at an eight-month high of 7.1% in March, according to a Reuters poll of analysts, piling pressure on the government as it looks to tame spiraling prices that have pushed up poverty levels. The South American country is battling annual inflation above 100%, one of the highest levels globally, which saps earning power and has sharpened a cost-of-living crisis, hurting the ruling Peronist coalition ahead of elections in October. The median forecast came from 15 analysts polled by Reuters, with estimates ranging from 6.4%…

TOKYO (Reuters) – Following the Bank of Japan’s launch this month of a pilot programme to test the use of a digital yen, the Ministry of Finance plans to convene a meeting of experts on April 21 to discuss the way forward. The nine experts, who include academics, economists, a lawyer and a consumer group representative, will meet regularly, and compile a report by the end of this year. Central banks around the world have scrambled to develop digital currencies to modernize financial systems and facilitate domestic and cross-border payments. But Japan remains undecided on whether to issue a central…

By Barani Krishnan Investing.com – in the United States rose by 25 billion cubic feet, or bcf, last week in the first series of injections for the spring season, government data showed on Thursday. Industry analysts tracked by Investing.com had anticipated a build of 28 bcf instead for the first week of April. The injection resulted in the balance of gas in storage rising to 1.855 trillion cubic feet, or tcf, the U.S. Energy Information Administration, or EIA, said in its latest inventory reading on gas. That was 33% above the year-ago storage level and nearly 19% higher than the…

© Reuters. FILE PHOTO: The logo of Swiss bank Credit Suisse is seen in front of a branch office in Bern, Switzerland November 29, 2022. REUTERS/Arnd Wiegmann/File Photo By Noele Illien BERN (Reuters) -Switzerland’s parliament rejected on Wednesday the government’s 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse’s merger with UBS, leaving the fallen bank’s hastily arranged rescue without a largely symbolic parliamentary blessing. While the upper house had approved the government’s contribution to the rescue package, parliament’s lower, and larger chamber, pushed back again on Wednesday. It had already rejected the proposals in a late night session…

Russia could consider the possibility of a prisoner exchange for jailed Wall Street Journal reporter Evan Gershkovich only after a Russian court renders a verdict on an espionage allegation against the 31-year-old American, according to a senior Russian official. Deputy Foreign Minister Sergei Ryabkov told the state news agency TASS on Thursday that “the issue of exchanging anyone can be considered after the court issues its verdict specifically on a particular charge,” he said.  … Read the full article here

In an interview early Wednesday with CNBC’s “Squawk Box,” Warren Buffett again shared his thoughts on bitcoin BTCUSD and crypto more broadly, likening them to the gambling he has seen throughout his life. “I didn’t like chain letters when I was a kid. I thought, why in the world should I send along a chain letter?” said Buffett. “I’ve seen people do stupid things all my life. And I really, I empathize with that. I mean, people like to play the lottery. … People love the idea that they’re going to make more money tomorrow.”… Read the full article here

Oil futures declined Thursday, with U.S. benchmark crude easing back as traders digested a breakout in prices a day earlier to fresh year-to-date highs, said Tyler Richey, co-editor at Sevens Report Research. Data Thursday, meanwhile, reportedly showed that China’s crude imports jumped by 22.5% in March. “The expectation that consumer demand will firm markedly in China as the economy continues to recover from the impact of strict economic lockdowns is another supporting factor for oil markets this week,” said Richey. May West Texas Intermediate crude CLK23 fell $1.10, or 1.3%, to settle at $82.16 a barrel on the New York……

Hear what Michael Cohen thinks about Trump’s lawsuit against him Former President Donald Trump is suing Michael Cohen for $500 million in damages for allegedly breaching his contract as Trump’s former personal attorney. CNN’s Kaitlan Collins talks to Cohen about the lawsuit. Read the full article here