The United States House of Representatives voted on Thursday in favor of barring the Federal Reserve from directly issuing a Central Bank Digital Currency (CBDC) to its citizens. The CBDC Anti-Surveillance State Act bill garnered support from 213 Republicans and 3 Democrats, making the final tally 262 ‘yea’ to 192 ‘nay’. Republicans Pass Another Crypto…
Another round of blowout earnings from artificial-intelligence darling Nvidia Corp. and the economy’s steady advance mean the S&P 500 Index likely has further room to rise, according to JPMorgan Chase & Co.’s trading desk. from Bloomberg Markets https://ift.tt/HzDqVsZ
An investor and tech entrepreneur’s property overlooking the Potomac is one of the D.C. area’s most expensive homes for sale. https://www.wsj.com/articles/bethesda-maryland-home-eyes-price-record-c2d5547f
A reporter put Jennifer Lopez on the spot Wednesday, asking the singer a pointed question about the Ben Affleck divorce rumors while she was doing press for her upcoming film. Jenny from the block was in Mexico City, Mexico, to promote “Atlas,” which she also produced. Sitting on stage with co-star Simu Liu, the duo…
Monetary policy divergence is an important factor in G-10 currencies, while this year’s trend for a higher dollar remains intact, particularly versus the Japanese yen and Swiss franc, said Brown Brothers Harriman. The dollar edged higher for the session. https://www.wsj.com/articles/asian-currencies-consolidate-may-be-weighed-by-fomc-minutes-325f1999
Most investors expect South Africa’s ruling African National Congress to form a stable coalition that includes the Inkatha Freedom Party after May 29 elections, boosting financial markets and ensuring policy stability, according to research group Krutham. from Bloomberg Politics https://ift.tt/NOkRfWy
A Utah Senate candidate who vowed to “push back against the establishment” if he’s elected has earned the support of Sen. Rand Paul, R-Ky., who said he is the “type of Republican” needed in the upper chamber to replace retiring GOP Sen. Mitt Romney. Paul endorsed Riverton Mayor Trent Staggs on Thursday, backing a man…
President Joe Biden defended his decision against sending US troops to Haiti, while saying he was confident the deployment of a multinational police force led by Kenya could break the cycle of violence that has gripped the country. from Bloomberg Politics https://ift.tt/yqJEDuO
Drought-resistant, heat-tolerant Italian varieties are moving in on acreage once planted to French grapes. Sonoma grape growers and winemakers alike are particularly bullish on light, bright Vermentino. https://www.wsj.com/articles/is-vermentino-the-new-chardonnay-inside-sonoma-wines-italian-renaissance-15f789c4
It’s been a dog’s life at this year’s Cannes Film Festival — or should that be the Canine Film Festival? Since the 77th edition’s opening day, human actors have shared the limelight with their canine co-stars on and off the red carpet, kept secure by the perky sniffer dogs that dart around the press ladder…