Author: Press Room

The stock market continued its downward trend today so far and is on track for its fifth day straight of losses. Meanwhile, Bitcoin and other cryptocurrencies finally started following stocks down after mostly moving sideways this week.Even though cryptocurrency is still in a bear market, this may be a good time to start investing through dollar-cost averaging (DCA), buying coins regularly as the markets do whatever they might do. Despite the popular trend of buying crypto when prices are high and selling low, bear markets are when investors should start thinking about taking positions. Token presales are a good way…

Woke Inc is under attack. Battle lines have been drawn in America’s latest culture war, with Ron DeSantis, Florida’s governor, its general. His most recent salvo against what he describes as “woke capitalism” was fired against BlackRock, the world’s biggest money manager. Its provocation was to invest at least some of its $8tn assets under management according to environmental, social and governance (ESG) principles and to tell companies to think about climate risk. This, according to DeSantis and Florida’s chief financial officer, flouts BlackRock’s fiduciary duty to prioritise returns above all else. Yet to try to tell a fund manager…

A mascot of TripAdvisor is seen at its display at a trade fair.Axel Schmidt | ReutersCheck out the companies making headlines in midday trading.Carvana — Shares of the online car dealership fell more than 32% after Carvana’s largest creditors signed an agreement to negotiate together with the company. Bankruptcy concerns around Carvana have grown since the company reported disappointing third-quarter results last month. The pact between the creditors was first reported by Bloomberg.MongoDB — The database platform surged almost 22% following the company’s quarterly results. Mongo posted better-than-expected revenue for the most recent quarter and issued upbeat fourth-quarter revenue guidance,…

Ridehailing giant Uber is now offering Las Vegas riders the option on its app to hail a self-driving taxis developed by another company, according to a press release Wednesday. While the autonomous vehicles are currently only available for ride hailing in Las Vegas, there are plans to expand to Los Angeles “at a later date,” according to the release. The robocars, made by driverless technology company Motional, are sent with two “vehicle operators” behind the wheel to monitor the technology and provide added support to riders. Uber said it plans on launching a fully driverless service with Motional in 2023.…

Russian President Vladimir Putin expressed concern that the threat of nuclear war is rising as his country continues its invasion of Ukraine.Putin, asked by a member of the Human Rights Council to state unequivocally that Russia would not use a nuclear weapon except in retaliation, stated that such a promise could not be made — maintaining that a promise to never use the weapons first is a promise to simply never use them.”The threat of nuclear war is growing — no need to hide this sin,” the Russian president said. “If Russia does not use nuclear weapons first under any…

The late Queen’s husband Prince Philip was “relieved” when Kate Middleton started dating his grandson Prince William, according to a new book, and gave a warning about what not to do on royal engagementsVideo LoadingVideo UnavailableThe video will auto-play soon8CancelPlay nowPrince Philip was “relieved” when the now Princess of Wales started dating Prince William and gave her three-word compliment, a new book has claimed. The late Duke of Edinburgh, who was married to the late Queen for more than 70 years, had seen the many different ways newcomers to the royal family had dealt with the public spotlight. And according…

Earlier this year, as the crypto meltdown was draining the industry of liquidity, FTX executives were begging company founder Sam Bankman-Fried to preserve cash and stop spending hundreds of millions of dollars on celebrity endorsements.But the 30-year-old billionaire, who’d relied on branding and hype to rapidly take his crypto exchange from upstart to stalwart, was set on signing up one more big name.Three people close to FTX and Bankman-Fried told CNBC that the former CEO lobbied aggressively for a partnership with 11-time Grammy Award winner Taylor Swift. The deal, which would have cost the now-bankrupt company more than $100 million…

CNN  —  One of the most common refrains in politics is voters hate Washington and want outsiders to be elected to office. But Sen. Raphael Warnock’s victory in Georgia’s Senate runoff on Tuesday is part of a trend that suggests that, at least in 2022, that wasn’t true. Each of the 29 Senate incumbents who ran for reelection won. This year’s Senate elections marked the first time in at least a century in which no incumbent senator up for reelection lost. So what just happened? Bad challenger quality, a map without a lot of competitive races taking place in an…

Not all passports are created equal.United Arab Emirates passport holders can travel visa-free – or ‘visa-on-arrival’ – to 180 countries. Citizens of Afghanistan can do so to just 38.But despite this mobility gap, the passports of nearly every single country became more powerful this year, new research suggests.According to Passport Index’s latest update, every country bar Vanuatu saw an increase in travel freedom this year.On average, passport-holders were given access to 16 extra countries this year.Passport Index co-founder Hrant Boghossian described the results as “cause for optimism.”“The world has surpassed the benchmark of ‘openness’ set prior to the pandemic, and…

Washington CNN  —  The Justice Department’s Office of the Inspector General released a report on Wednesday outlining how a series of mistakes by the embattled Bureau of Prisons led to the beating death of imprisoned Boston gangster and convicted murderer James “Whitey” Bulger four years ago. The report did not find any criminal acts by BOP employees. Instead, the report said that there were “serious job performance and management failures at multiple levels” within the bureau and found “confusing and insufficient BOP policies.” Bulger was killed less than 12 hours after his transfer to the US Penitentiary Hazelton in West…