The United States and Russia are lowering expectations for big breakthroughs at a superpower summit between U.S. President Joe Biden and Russian President Vladimir Putin, with the adversaries in no mood to make concessions on their bitter disagreements.The summit details – location, time and agenda – are still being negotiated by the two sides with…
Former White House counsel Don McGahn agreed Wednesday to speak with the House Judiciary Committee about former President Trump’s alleged attempts to obstruct the Russia investigation — with certain conditions, per a court filing.Why it matters: The agreement ends a two-year standoff after McGahn, a key player in former special counsel Robert Mueller’s investigation, repeatedly…
A bigger-than-expected increase in U.S. consumer prices has put investors on high alert for more signs of inflationary pressure that could tilt the Federal Reserve toward raising interest rates.Several investors said the consumer price index report released on Wednesday was not enough to prompt the Fed to change its course. But the news, which fueled…
Asian shares faced a third day of losses on Thursday after a shocking rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to move early on tightening.”Higher inflation is a definite negative for equities, given the likely rates response,” said Deutsche Bank macro strategist Alan…
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. By now everyone is familiar with the tech world’s talent crunch: Developers are scarce and expensive, while data scientists are maybe even scarcer and expensiver. Some folks I’ve spoken to think that…
CHICAGO, May 12, 2021 /PRNewswire/ — We did it again! Cook County Treasurer Maria Pappas said today that her office will be returning $2.7 million to homeowners who called the “Black and Latino Houses Matter” live phone bank she hosted with ABC 7 Chicago today, Wednesday, May 12. In March, Treasurer Pappas and ABC7 Chicago…
Tesla CEO and self-dubbed Technoking is back-peddling on the company’s stance about bitcoin and has suspended purchases of its electric vehicles with the cryptocurrency. The change of stance, which was delivered via tweet, comes just weeks after Tesla CFO and dubbed “Master of Coin” Zach Kirkhorn said the company believes in the longevity of bitcoin,…
Elon Musk tweeted Wednesday that Tesla (TSLA) – Get Report will no longer accept payments in bitcoin. Musk cited the environmental impact of bitcoin mining for the decision. “Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst…
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Array Technologies, Inc. (“Array” or “the Company”) (ARRY) – Get Report for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information…
© Reuters. FILE PHOTO: The European Central Bank (ECB) and the skyline with its financial district are photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, April 13, 2021. REUTERS/Kai Pfaffenbach By Julien Ponthus LONDON (Reuters) -European banks’ first-quarter earnings have surpassed all expectations in a turnaround from the…
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