Author: News Room
© Reuters. FILE PHOTO: Senator Ron Wyden (D-OR) speaks during the Senate Finance Committee hearing on the nomination of Chris Magnus to be the next U.S. Customs and Border Protection commissioner, in the Dirksen Senate Office Building on Capitol Hill in Washington, By Raphael Satter WASHINGTON (Reuters) -America’s cybersecurity watchdog has no confidence that the cellular network used by first responders and the military is secure against digital intrusions, U.S. Senator Ron Wyden said in a letter released on Wednesday. The letter from the Oregon Democrat, a member of the intelligence committee, raised concerns about the FirstNet mobile network to…
The numbers: U.S. wholesale prices sank 0.5% in March to mark the biggest decline in almost three years, potentially a sign of further easing in inflation in the months ahead. Economists polled by the Wall Street Journal had forecast no change in the producer price index. The drop last month was the biggest since the start of the pandemic in early 2020. Wholesale… Read the full article here
Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Late Wednesday, Ethereum completed its long-anticipated Shanghai, or Shapella upgrade, which allows holders to withdraw the ether that they locked up for months, if not years, for rewards. It is the biggest transition for Ethereum since its “Merge”… Read the full article here
The one-month Treasury-bill rate fell below 3.9% on Thursday after March data showed the biggest decline in wholesale prices in almost three years, though other yields finished mostly higher. What happenedWhat drove markets In data released on Thursday, wholesale inflation posted its biggest drop since the start of the pandemic in early 2020, according to the March producer price index. U.S. wholesale prices sank 0.5% last month in a sign of potentially further easing in inflation ahead, and the increase… Read the full article here
Retired lt. general explains why individuals behind leaked Pentagon docs are not ‘mastermind criminals’ Retired Lt. General Mark Hertling explains to CNN’s Abby Phillips why he believes the suspects behind the leaked Pentagon documents aren’t “mastermind criminals” and what questions to ask next. Read the full article here
Josh Harris, the private equity billionaire, is nearing an agreement to buy the US National Football League’s Washington Commanders in a deal that values the franchise at close to $6bn, according to people familiar with the matter. A $6bn price tag would make the Commanders the most expensive sports team ever sold, trumping last year’s $4.6bn sale of the NFL’s Denver Broncos to Walmart heir Rob Walton. Professional clubs’ valuations have appreciated rapidly amid rising revenues for media rights and an influx of private capital into leagues and teams around the world. The agreement between Harris and current Commanders owner…
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Luna Classic (LUNC), the token that powers the original but now largely defunct Terra blockchain, has seen a strong rebound from its Wednesday lows on Thursday and, as per CoinGecko, was last trading around 3.5% higher in the last 24 hours just above $0.0001250.The cryptocurrency had dipped as low as $0.00012 on Wednesday, dropping under its 21-Day Moving Average in the process, but has since recovered in tandem with upside in major blue-chip cryptocurrencies like Bitcoin and Ether.Price predictions have thus become a tad more bullish. The former is performing as the US dollar weakens and US yields edge lower amid…
Jury selection began Thursday in Dominion Voting Systems’ $1.6 billion defamation trial against Fox News over the right-wing network’s promotion of debunked conspiracy theories about the 2020 presidential election. Roughly 300 potential jurors have been summoned to the Delaware Superior Court and will eventually be whittled down to a panel of 12 jurors and a group of alternates. The high-stakes trial — which will put a spotlight on Fox’s 2020 election denialism and the role of disinformation in American politics — is expected to last about six weeks. Jurors will be peppered with questions about their news consumption habits, including…
Check out the companies making headlines in midday trading.Apple — The tech giant climbed more than 2% Thursday. A report a day earlier said the company is doing away with plans to more heavily include haptic touch technology from supplier Cirrus. Reports had been circling ahead of the launch of the iPhone 15 later this year that the model would include a physical side button that used Cirrus’ solid state technology.Bed Bath & Beyond — The meme stock favorite dropped 5.9%. Earlier this week, the company sold about 100 million shares to bookrunner B. Riley Securities.Harley-Davidson — The motorcycle maker’s…
