Author: News Room

By Yuka Obayashi and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices retreated on Thursday after rising for two sessions, with investors still showing lingering concern over a possible U.S. recession and weaker oil demand. fell 20 cents, or 0.2%, to $87.13 a barrel by 0352 GMT, while U.S. West Texas Intermediate slid 15 cents, or 0.2%, to $83.11. Both benchmarks rose 2% on Wednesday to their highest in more than a month as cooling U.S. inflation data spurred hopes the Federal Reserve is likely to stop hiking interest rates. Previous tightening, however, which has lifted interest rates to their highest since…

© Reuters. By Liz Moyer Investing.com — Stocks are rising on Wednesday after the Federal Reserve released the minutes of its recent meeting, where officials talked about pausing interest rate hikes. Here are the market movers for April 12. American Airlines Group (NASDAQ:) shares were down 9% after the carrier released its estimate for first-quarter adjusted earnings per share in the range of 1 cent to 5 cents, which was below expectations. Shares of other carriers also fell, including United Airlines Holdings Inc (NASDAQ:), down 5.6%, and Delta Air Lines Inc (NYSE:), down 1.5%. Triton International Limited (NYSE:) shares rose…

Gold futures settled Wednesday at their highest in nearly a week, as the dollar declined on the back of U.S. data showing a smaller-than-expected rise in March consumer prices and a slowdown in the yearly rate of inflation. Following the session’s settlement, futures prices for the precious metal edged higher in electronic trading following the release of minutes from the March Federal Open Market Committee meeting. Price actionMarket drivers U.S…. Read the full article here

Twitter Inc. no longer exists as a Delaware entity after the social-media platform merged with Elon Musk’s Nevada-domiciled X Corp. Why Musk picked Nevada over Delaware has experts guessing. The revelation came from a court document filed April 4, in which attorneys for Musk’s wrote, “Twitter, Inc. has been merged into X Corp. and no longer exists.” X Corp. was formed in Nevada on March 9, according to Nevada’s business portal. Its parent company is X Holdings Corp. A Twitter user calling itself SpacTrader110 noted the Nevada filings before other media outlets picked up on it. Barron’s reached Musk via…

Britain announced sanctions Wednesday against those it says helped sanctioned Russian oligarchs to hide their assets. Leading the list was a Cyprus provider of shell corporations that disguised the investments of billionaire Roman Abramovich in the U.S. cannabis industry and other sectors, as Barron’s reported in January. The U.K.’s Foreign Office imposed asset freezes, travel bans, and trust service sanctions against Demetris Ioannides and his Cyprus trust provider Meritservus HC Limited., saying Ioannides was “responsible for crafting the murky offshore structures which Abramovich used to hide over £760 million assets ahead of being sanctioned following Putin’s illegal invasion of Ukraine.” The…

It’s a different week but a similar story for Donald Trump. He’s due back in New York on Thursday under a dark legal cloud to answer more questions about his conduct, a week after becoming the first ex-president to be charged with a crime. Last week, Trump pleaded not guilty in a case arising from a hush money payment to an adult film star. He’s expected back in the city where he made his name to give a deposition in a separate civil case alleging that he and three of his adult children falsified Trump Organization accounts in a years-long…

Royal Bank of Canada has emerged as the biggest financier of the fossil fuel industry in 2022, knocking JPMorgan from the top spot, as Canadian banks increasingly take on the role as the “lenders of last resort” for controversial carbon-intensive projects.An annual report on fossil fuel financing by a coalition of campaign groups organised by the Rainforest Action Network found that RBC extended $42.1bn in funding to fossil fuel companies and projects in 2022, including $4.8bn for tar sands. Scotiabank, another Canadian bank, also appeared in the list of the top 10 financiers. The researchers said Canadian banks were becoming…

Rumble (NASDAQ:RUM) is a stock that I have been watching for some time. I am actually a user of the platform, both personally and for businesses that I operate. I loved the idea and intention of Rumble from when I first heard about it. I would not consider myself to be an early adopter or say that I heard about the company early on, but I have known about the platform and used it for over a year now. Seeing as many people still don’t know what it even is, to many I would be an early adopter. Now liking…

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Get ready to embark on an exhilarating journey through the world of cryptocurrencies as we unveil the best altcoins for April: SOL, RNDR, FTM, and the highly anticipated SWDTKN presale.These digital assets are making waves in the market, backed by innovative projects and ground-breaking potential.Unearth the treasures of these promising altcoins and explore the opportunities they present for investors eager to ride the next wave of crypto success.Solana (SOL): The High-Speed Layer-1 BlockchainSolana is a high-speed layer-1 blockchain designed to facilitate smart contracts and decentralized applications (DApps).With the upcoming launch of Saga, an Android smartphone powered by the Solana blockchain,…