Author: Press Room

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., on Dec. 14, 2022.Liu Jie | Xinhua News Agency | Getty ImagesFederal Reserve Chairman Jerome Powell on Tuesday stressed the need for the central bank to be free of political influence while it tackles persistently high inflation.In a speech delivered to Sweden’s Riksbank, Powell noted that stabilizing prices requires making tough decisions that can be unpopular politically.”Price stability is the bedrock of a healthy economy and provides the public with immeasurable benefits over time. But restoring price stability when inflation is high can require measures that are…

Argentina’s finance ministry is set to launch a draft bill that would essentially force citizens to declare their crypto holdings – or risk paying hefty tax penalties.Per Errepar, the bill has been spearheaded by Sergio Massa, the Minister for the Economy. The draft law aims to tighten the country’s money laundering rules. It will be tabled in the upcoming parliamentary session, where the ruling Frente de Todos coalition has a slender majority.The terms of the bill state that citizens would be “encouraged” to declare their assets, financial assets like stocks, and cryptoassets. The declarations would be entirely “voluntary.” But failure…

The 9mm handgun reportedly used by the 6-year-old Virginia boy who shot his teacher was legally purchased by his mother, police revealed. Additional details about the school shooting that injured teacher Abby Zwerner, 25, were brought to light during a Monday news conference.The boy took the firearm from his home to school in his backpack on the day of the shooting. “What we know today is that she was providing instruction. He displayed a firearm, he pointed it, and he fired one round,” Newport News police Chief Steve Drew said.VIRGINIA MOM DETAILS MOMENTS THAT REPORTEDLY LED UP TO 6-YEAR-OLD SHOOTING TEACHER Drew had…

House Republicans on Tuesday will take the first step in the new Congress toward boosting oversight of both the Chinese government and the Biden administration.China is widely viewed as America’s most immediate threat economically, militarily and strategically. China’s grip on the global supply chain and strategic resources has been growing for years, and China has been making major acquisitions around the world that experts say enhance both its economic prowess and its military capability.On Tuesday, Republicans will call up a resolution from House Speaker Kevin McCarthy establishing the Select Committee on the Strategic Competition Between the United States and China. The…

Police have issued a silver alert for a 74-year-old man missing from Winnipeg. Albert Fleury was last seen in the Heritage Park area of the city Monday.Fleury is about five feet nine inches tall, with a thin build, and long white hair. He was last seen wearing a black puffer jacket, white belt, and shoes with grey shoelaces. Police issue silver alerts when a vulnerable adult is reported missing.Anyone with information about Fleury’s whereabouts can call Winnipeg police at 204-986-6250. Source: Global News

The crypto winter is apparently not over yet. Coinbase announced Tuesday that it was laying off 950 people, about 20% of its staff. The job cuts come only a few months after another major round of layoffs. The crypto brokerage firm let 1,100 people go in June, about 18% of its headcount at the time. Coinbase, like many other publicly traded and privately held crypto companies, has been hit hard by the massive plunge in the price of bitcoin and other cryptocurrencies. The price of bitcoin is now hovering around $17,000 after peaking near $65,000 in late 2021. Shares of…

A grief-stricken mother and daughter are remembering their heroic cat named Ricky Gervais, who saved his owner’s life one final time in the last painful hours he had left before he died. Mary Nesbitt-Larking and her mum Carrie, who live together in Hertford, were amazed when Ricky started waking Carrie up when she stopped breathing due to sleep apnoea and chronic obstructive pulmonary disease – meowing to alert them to the danger. However, just before Christmas, Ricky started dribbling uncontrollably and the pair were thrown into despair as vets revealed he had epilepsy and a brain tumour, leaving the cat…

Scott Olson | Getty ImagesIf you’ve never had family or friends hit you up for money, that is likely to change if you were to win the $1.1 billion Mega Millions jackpot.The grand prize has been climbing through twice-weekly drawings since mid-October, with no ticket matching all six numbers drawn to land the grand prize. This marks the fourth time the game’s jackpot has passed $1 billion, and if won at this level it would be the fifth-largest lottery jackpot ever.Of course, the advertised $1.1 billion is what you’d get if you were to choose to take your winnings as…

Some financial experts with a specialty in bubbles believe crypto is either one of the biggest bubbles in history or a smart Ponzi scheme not seen before. 2022 can be considered one of the worst years for the crypto ecosystem as a number of high-profile DeFi and CeFi platforms collapsed. Among the more notable examples, the Terra/LUNA ecosystem imploded in May while major crypto exchange FTX collapsed in early November. Around $2 trillion worth of value was wiped out of the crypto market last year. While crypto proponents argue this is not out of the norm, citing crypto crashes in 2012 and 2017 when the…

Tennis bad boy Nick Kyrgios said his life was “spiraling out of control” in the beginning of his career. The 2022 Wimbledon finalist opened up about his mental health struggles and past drinking habits in Netflix’s 10-part tennis documentary, “Break Point,” which follows the sport’s most talented players. Episode 1 is centered around Kyrgios, who’s become one of sport’s most controversial stars. At one point, the 27-year-old Australian is in a serious conversation with his girlfriend, Costeen Hatzi, and his manager/close friend Daniel Horsfall, explaining how fame affected him at the start of his career. “The first four or five years…