Author: Press Room

The US should follow in China’s footsteps and implement “a ban of cryptocurrencies,” according to billionaire investor Charlie Munger.Writing in an opinion piece for the Wall Street Journal on Wednesday, Mr. Munger said crypto “isn’t a currency,” and likened the crypto market to a casino “with a nearly 100% edge for the house.”“A cryptocurrency is not a currency, not a commodity, and not a security,” Mr. Munger wrote, calling crypto instead “a gambling contract” where the odds strongly favor the house. And to make matters worse, these bets are being entered into in “a country where gambling contracts are traditionally…

A woman is wanted in California after assaulting another woman on a sidewalk and stealing her puppy in broad daylight on Monday, authorities said.The robbery happened around 12:30 p.m. on the east sidewalk of the 6600 hundred block of Eastern Avenue in Bell Gardens when the suspect grabbed the victim’s one-month-old Maltipoo puppy, the Bell Gardens Police Department said.When the victim tried to take her puppy back, the female suspect violently assaulted her and pepper sprayed her in the face, police said.Police released surveillance footage taken from a nearby business showing the suspect and victim in a scuffle before the…

A New Jersey borough councilwoman was fatally shot in a car Wednesday evening, authorities said. The victim was identified as Eunice Dwumfour, a member of the Sayreville Borough Council, the Middlesex County Prosecutor’s Office said. The shooting unfolded before 7:30 p.m. Wednesday in the area of Samuel Circle in Sayreville, according to a press release by the prosecutor’s office and police. Officers responded to the scene and located a woman in her vehicle “who had sustained multiple gunshot wounds,” the release said. Dwumfour, 30, died at the scene. Sayreville Mayor Victoria Kilpatrick said in a news release Thursday: “As a…

The Pacific island state of Micronesia, one of the fiercest critics of a Japanese decision to release water from the destroyed Fukushima nuclear plant into the sea, said on Thursday (Feb 02) it was no longer as worried about the plan as it had been. Micronesia President David Panuelo, in a joint statement issued with Japanese Prime Minister Fumio Kishida, said he had much more trust in Japan’s intention to release some 1 million tonnes of irradiated water after treating it so it would not harm the ocean. “President Panuelo noted that … the FSM is no longer as fearful…

The giant has said 19 pubs have been sold off and 35 hostelries have been put on the market, and now a further outlet has also been added to the list as customers are hit by the cost of living crisisWetherspoons is closing multiple pubs this month and a full list shows which bars are shutting or at threat. The giant has already said 19 pubs have been sold off and 35 additional hostelries have been put on the market. A further outlet in its estate has also been added to the list. Bars have faced rising costs that would’ve…

See what Punxsutawney Phil predicted on Groundhog Day Each February 2, on Groundhog Day, the members of the Punxsutawney Groundhog Club make the pilgrimage to Gobbler’s Knob, Punxsutawney Phil’s official home. The legendary weather watcher woke up and saw his shadow this year, calling for six more weeks of winter. Source: CNN

The sports world has embraced gambling as several U.S. states legalized the practice and with that have come questions about Pete Rose’s eligibility in the Baseball Hall of Fame.Rose was banned from enshrinement in Cooperstown after it was revealed he gambled on games while he was a player-manager for the Cincinnati Reds. He admitted to it in 2004, but with sportsbooks becoming prevalent at MLB stadiums, the possibility of reversing Rose’s ban has been up for debate. The all-time hit king gained support from Hall of Famer Rod Carew.”It has gone too far and it’s hypocritical,” Carew said in a…

Welcome back to Energy Source. Big Oil is still in the spotlight — and not just because of the deluge of profits the supermajors have announced in recent days. Shell reported profits of almost $39.9bn this morning — the highest in its 115-year history, as Tom Wilson explains. But, as Tom also reports, Europe’s largest oil and gas company now also faces a new lawsuit from residents of a polluted community in the Niger Delta. Meanwhile, US Democrats are angry again too, as Myles reports below. We’re still devoting a lot of reporting energy to the Inflation Reduction Act (IRA),…

[The stream is slated to start at 8:45 a.m. ET. Please refresh the page if you do not see a player above at that time.]European Central Bank President Christine Lagarde is due to give a press conference following the bank’s latest monetary policy decision.The ECB on Thursday confirmed expectations of a 50 basis point interest rate increase, taking its key rate to 2.5%.In a statement, it pledged to “stay the course in raising interest rates significantly at a steady pace” and, in unusually firm language, said it intended to hike by another 50 basis points in March.Subscribe to CNBC on YouTube. …

PUNXSUTAWNEY, Pa. — A furry critter in a western Pennsylvania town has predicted six more weeks of winter during an annual Groundhog Day celebration.People gathered Thursday at Gobbler’s Knob as members of Punxsutawney Phil’s “inner circle” summoned him from his tree stump at dawn to learn if he has seen his shadow — and they say he did. According to folklore, if he sees his shadow there will be six more weeks of winter. If he doesn’t, spring comes early.The “inner circle” is a group of local dignitaries who are responsible for planning the events, as well as feeding and…