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The digital space is growing exponentially, with major hype geared toward the artificial intelligence (AI) industries. However, the metaverse has emerged as the latest thriving sector for enthusiasts, investors, businesses, and analysts from diverse communities. Among a large list of metaverse projects competing for attention is RobotEra, an immersive web3-powered gaming platform.This unique gaming project integrates the metaverse capabilities as it gradually permeates several aspects of real life, incorporating physical experiences that blend with the virtual world. RobotEra continues to create a seamless digital space for members to interact and enjoy thrilling gaming experiences more inherently. However, there’s more to this cutting-edge project. Growing Adoption…

Leon Levine, who built Family Dollar into a discount retail giant catering to America’s lower-income and middle-class shoppers, has died at 85. The Leon Levine Foundation, the philanthropic organization Levine later founded, confirmed in an online statement he died on April 5. No cause was listed. Levine, a college dropout, was one of several retail founders who ushered in a boom of stores selling low-cost goods. Discount stores have thrived in recent decades as the income gap in the United States has widened. Three dollar store chains — Dollar General, Dollar Tree and Family Dollar — are now the fastest-growing…

Google announced that starting Tuesday it’s adding more than 800 free channels to its Google TV app on the Chromecast streaming device and select TVs made by Sony, CL, Hisense and Philips.Google’s aggregation of several existing free TV services like Fox’s Tubi, Paramount Global’s Pluto TV and Haystack News is a move to differentiate its streaming operating interface from competitors, including Roku, Apple and Amazon. And it may help attract people to Google’s platform who otherwise don’t want to pay for streaming services.The Alphabet unit said it is integrating free channels into the “Live” tab where users will see content…

Manhattan District Attorney Alvin Bragg on Tuesday filed a federal lawsuit seeking to block a House Judiciary Committee subpoena issued last week to a former prosecutor who played a key role in Bragg’s criminal investigation of ex-President Donald Trump.Bragg’s suit escalates a battle that began when the Judiciary Committee Chairman Jim Jordan, R-Ohio, and other Trump allies in the House recently opened an inquiry into the D.A.’s prosecution of Trump.The suit calls that inquiry an “unprecedently brazen and unconstitutional attack by members of Congress on an ongoing New York State criminal prosecution and investigation of former President Donald J. Trump.”The…

The decline in mortgage rates over the last month likely will boost U.S. home sales by more than 200,000 as cheaper financing results in more people qualifying for loans, according to Lawerence Yun, chief economist of the National Association of Realtors. “Each half a percentage point drop in mortgage rates results is an additional 200,000 home sales, and likely even more,” said Yun. “Since more people will qualify for mortgages, it leads to more sales.” The average U.S. rate for a 30-year fixed home loan dropped to 6.28% last week from 6.73% in March’s first week, according to Freddie Mac.…

The U.S. Department of the Treasury has finally proposed regulations to deal with so-called microcaptive transactions. You can read the proposal here. You can read the IRS press release in IR-2023-74 (April 10, 2023), here. In a nutshell, microcaptives are for the most part insurance companies that attempt to qualify for treatment under section 831(b) of the Internal Revenue Code by way of a shared risk-pool arrangement which only superficially provides risk sharing and risk distribution for tax purposes, and whose real purpose is to provide inflated deductions for the businesses that the microcaptives are insuring. Note that these are…

(Bloomberg) — The International Monetary Fund lined up against former US Treasury Secretary Lawrence Summers in the debate over where interest rates will gravitate to once inflation is beaten. In its latest World Economic Report, the IMF argued that rates in the US and other industrial countries will revert toward the ultra-low levels that prevailed prior to the pandemic, driven by aging populations and sluggish productivity growth. It sees the so-called natural or neutral rate – the inflation-adjusted short-term rate that neither pushes the economy ahead nor pulls it back – comfortably below 1% in the US in the coming…

© Reuters. By Andrew Goudsward (Reuters) – New York Governor Kathy Hochul on Monday nominated a judge to lead the state’s highest court after lawmakers rejected the Democrat’s previous pick from her own party. Rowan Wilson, an associate judge on the Court of Appeals, was named as chief judge of the same court, overseeing the state’s sprawling state judicial system. If confirmed, Wilson would be the first Black judge in the post, replacing Janet DiFiore who stepped down in August. “Judge Wilson’s sterling record of upholding justice and fairness makes him well-suited to lead the court at this critical time,” Hochul said…

It is too soon to know for sure whether the recent bank failures in the United States and the merger of Credit Suisse with UBS were isolated events or a harbinger of future troubles, the International Monetary Fund said Tuesday. While market anxiety has been reduced in recent days, market sentiment remains “fragile” and strains are still evident, the international financial institution said, in its latest report on global financial conditions. “Concerns remain about vulnerabilities that may be hidden,” not just at banks, but in the shadow banking sector, the report said. “The impact of tighter monetary and financial conditions…