Author: News Room

Kari Lake – the unapologetic supporter of former President Donald Trump and vanquished candidate for Arizona governor – privately made a trip to National Republican Senatorial Committee headquarters in February where she discussed the prospects of shaking up the map and running for Senate. But Lake, who has faced blowback over pushing baseless accusations of election fraud, was given this suggestion from NRSC officials: Shift to more effective messaging and away from claims about a stolen election, according to sources familiar with the matter. The meeting, which was described as a positive one, focused on how Senate bids often turn…

Stocks slipped when US equity markets reopened from the long Easter weekend on Monday as investors weighed up the potential for more interest rate rises from the Federal Reserve.The S&P 500 was 0.3 per cent lower in early afternoon trading, recovering slightly after a sharper early decline. The tech-heavy Nasdaq Composite fell 0.6 per cent.Monday marked the first opportunity traders had to respond to data released on Friday showing the continued strength of the US labour market.The US economy added 236,000 new positions last month, fewer than in February but not enough of a slowdown to discourage the central bank…

FREYR Battery (NYSE:FREY) went public in 2021 during the golden age of blank check companies. The company would land in the embrace of investor euphoria and untamed animal spirits for EVs, battery manufacturers, and companies intrinsic to the green energy transition. Almost two years later and a macroeconomic environment characterized by high inflation and an elevated Fed funds rate has worked to sap investor enthusiasm even as the underlying climate economy looks set for a generational boom. Norway-based lithium-ion battery manufacturer FREYR has ambitions to install 50 GWh of annual battery cell capacity by 2025, then 2X this capacity by…

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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.New York, US, April 10th, 2023, ChainwireBabylon x NYC, an exhibition of more than 100 physical and digital artworks, will take place in New York City on April 12-13, 2023. The exhibition, set up by Babylon — a Web3 gallery specializing in primary sales of NFT editions — will showcase works by the project’s 30 Founding Artists, well-known for their impact on the NFT art space.Also featuring, as highlights exclusive to the exhibition, are works by prominent Armenian artist…

US consumers are starting to feel that credit is getting harder to come by, according to survey results released Monday by the Federal Reserve Bank of New York. Consumer perceptions of credit access and availability declined in March, with the share of respondents reporting it’s harder to obtain credit than one year ago climbing to the highest since the New York Fed started conducting its Survey of Consumer Expectations in 2013. In March, the collapse of Silicon Valley Bank roiled the banking sector, escalating fears of a credit crisis. While action taken by the Federal Reserve and the Treasury Department…

Pfizer’s CEO signed on to an industry letter in support of the Food and Drug Administration’s authority to regulate drugs after a federal judge in Texas suspended the agency’s approval of the abortion pill mifepristone. Albert Bourla was among the more than 200 pharmaceutical company executives who signed the letter after U.S. Judge Matthew Kacsmaryk’s controversial ruling on Friday. The executives said the decision “ignores decades of scientific evidence and legal precedent.” They also raised concerns that the ruling will “set a precedent” for diminishing the FDA’s authority over drug approvals, which would create uncertainty for the entire industry. “If courts can overturn…

Check out the companies making headlines in midday trading Monday.Block — Shares of the payments stock lost 3% following a downgrade to market perform from outperform by KBW. The firm cited pressures from “‘small risks starting to add up,” including potential regulatory scrutiny of its Cash App business.Tesla — Shares of Elon Musk’s electric vehicle company fell more than 1.5% after the firm announced another price cut in the U.S., its fifth since the start of the year. The move came as tougher U.S. standards are set to reduce the $7,500 tax credit available for Tesla’s Model 3. The EV…

Taxpayers who sold some investments this year may be able to employ an oft-overlooked tool to whittle down the taxes owed and qualify for a 0% rate. There are three income-based tax brackets on long-term capital gains: 0%, 15% and 20%, as well as a 3.8% Medicare surcharge imposed on the wealthiest Americans. For the 2023 tax season, the 0% rate on long-term capital gains – any asset held for longer than a year – can be applied to taxable income of $41,675 or less for single filers and $83,350 or less for married couples filing jointly. The income limits are…