Author: News Room

April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here. The federal tax code is a complex, changing set of rules — but one of the most important annual changes are the yearly adjustments to income-tax brackets. How much is a person’s taxable income actually getting taxed? That’s what is shown by the seven income tax brackets, and the seven escalating tax rates. The seven tax rates are 10%,…

Bitcoin rallied Monday to its highest level in 10 months, as some industry proponents touted the asset as a potential “safe haven,” like gold, as recession fears return to the forefront, and after fears rose last month about potential instability in the banking system.    The world’s largest cryptocurrency topped $30,000 Monday night for the first since June 10, 2022, according to Dow Jones Market Data. Bitcoin BTCUSD, +3.20% is still down over 57% from an all-time high in November 2021. Ethereum ETHUSD, +2.09% also rallied, and was closing in on the $2,000 level for the first time since last August. “With…

Pioneer Natural Resources surged Monday on a report that Exxon Mobil could acquire the fracker. Exxon (ticker: XOM) has held informal discussions with Pioneer Natural (PXD) about a potential acquisition, The Wall Street Journal reported on Friday, citing people familiar with the matter. Any deal wouldn’t come together until the end of the year, and it is possible nothing comes from the discussions, according to the Journal. Both Exxon and Pioneer told Barron’s that they don’t comment on market rumors or speculation. Because the stock market was closed in observance of Good Friday, investors had their first chance to trade…

Tina Peters – the former clerk of Mesa County, Colorado, and the state’s most prominent 2020 election denier – was sentenced by a judge Monday to home detention and community service after she was found guilty last month of obstructing a government operation. Peters was sentenced to four months of home detention with an ankle monitor and will be required to complete 120 hours of community service within one year. She was also ordered to pay a $750 fine. The judge, however, stayed the sentence shortly after handing it down because Peters’ attorney said he would be filing an appeal.…

The yen fell on Monday after new Bank of Japan governor Kazuo Ueda signalled he would for the time being stick to the ultra-loose monetary policy overseen by his predecessor over the past decade.In his first news conference as head of the BoJ, the 71-year-old economist stressed that the two pillars of Japan’s current monetary policy — negative interest rates and yield curve control — remained appropriate under current economic conditions.Ueda, professor emeritus of the University of Tokyo with a PhD in economics from Massachusetts Institute of Technology, became the first academic to take the helm of the BoJ after…

Tilray Brands, Inc. (NASDAQ:TLRY) Q3 2023 Earnings Conference Call April 10, 2023 5:00 PM ET Company Participants Berrin Noorata – Chief Corporate Affairs Officer Irwin Simon – Chairman and Chief Executive Officer Carl Merton – Chief Financial Officer Denise Faltischek – Chief Strategy Officer and Head, International Blair MacNeil – President, Tilray Canada Ty Gilmore – President, U.S. Beer Business Conference Call Participants Vivien Azer – TD Cowen Andrew Carter – Stifel Aaron Grey – Alliance Global Partners Tamy Chen – BMO Capital Markets Frederico Gomes – ATB Capital Markets John Zamparo – CIBC Michael Lavery – Piper Sandler Operator…

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Popular decentralized exchange (DEX) platform SushiSwap has suffered more than $3.3 million in losses after a hacker exploited a bug in a smart contract.More specifically, the DEX saw its RouteProcess02 contract, a smart contract that aggregates trade liquidity from multiple sources and identifies the most favorable price for swapping coins, exploited and then distributed across various blockchain networks.”Root cause is because in the internal swap() function, it will call swapUniV3() to set variable “lastCalledPool” which is at storage slot 0x00,” crypto security firm Ancilia said in a tweet. “Later on in the swap3callback function the permission check get bypassed.”DefiLlama pseudonymous…

BERLIN -— Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether those already paid can be recovered, the Federal Council said on Wednesday. Under Swiss banking law, the Federal Council can impose bonus-related measures on a systemically important bank if it received state aid from federal funds, according to a statement. The highly unusual government move comes after a public backlash against bonus payments at the bank, which was forced into a merger with rival UBS and had to be rescued with close to 260 billion…

Alibaba Cloud, the cloud computing unit of Chinese tech giant Alibaba, announced Tuesday it will be rolling out its own ChatGPT-style product Tongyi Qianwen.Tongyi Qianwen, which possess Chinese and English language capabilities, will initially be deployed on DingTalk, Alibaba’s workplace communication software, and Tmall Genie, a provider of smart home appliances, the company said in a release.Hong Kong-listed shares of Alibaba gained further after the announcement and traded 3.12% higher. Shares of rival Baidu were down more than 4%.Stock Chart IconStock chart iconAlibaba set to release its rival to ChatGPTAt the 2023 Alibaba Cloud Summit, the company said it will…