Author: usaeverydaylife

Crypto company Digital Asset said Tuesday that it’s netted $135 million in funding from a raft of major names in banking and finance.The firm, which touts itself as a regulated crypto player, said it raised the fresh cash in a funding round co-led by DRW and Tradeweb, with Goldman Sachs, BNP Paribas and Ken Griffin’s Citadel Securities also investing.The investment highlights how large financial institutions are embedding themselves in the once murky world of cryptocurrencies.Previously associated with fraud, money laundering and other illicit activities, digital assets have become a more mainstream asset class over the years as big names like…

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Brent crude prices pared gains from the previous session and fell nearly $2 on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict, but they were still poised for a third straight week in the black.Ilan Rosenberg | ReutersOil futures fell sharply on Tuesday as a freshly announced Iran-Israel ceasefire began to allay investor concerns over supply and shipping disruptions in the oil-rich Middle East.The Ice Brent contract with August expiry was trading at $69.76 per barrel at 09:09 a.m. London time, down 2.41% from the previous session. The front-month August Nymex WTI contract…

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After one of the most brutal wars of this century, a new flag flies across Syria: the emblem of the rebels who toppled the dictator Bashar al-Assad. Ben Hubbard, The New York Times’s Istanbul bureau chief, describes what our journalists learned as they drove across Syria, meeting people in towns and cities along the way as they strove to rise from the wreckage and build new lives. Source link

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A view of missiles over Doha, Qatar after Iran has launched an operation targeting a U.S. base in Qatar on June 23, 2025. Stringer | Anadolu | Getty ImagesDUBAI, United Arab Emirates — Escalating regional war, or a bunch of choreographed theatre?Millions across the Middle East were told to shelter in place Monday night as the airspace closed above them and Iran fired a barrage of missiles over Al-Udeid air base in Qatar, the U.S.’ largest and most fortified military base in the region. Videos of interceptors lighting up the night sky over Doha went viral on social media, while…

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Traders work at the New York Stock Exchange on June 13, 2025. NYSEGlobal equities posted muted gains Tuesday, as investors digested U.S. President Donald Trump’s announcement of a ceasefire timeline between Iran and Israel, as well as growing signs of fatigue toward Trump’s policymaking.The MSCI World index, which tracks over a thousand large and mid-cap companies from 23 developed markets, was just 0.24% higher as of 1 p.m. Singapore time.U.S. futures were also up marginally. Futures tied to the Dow Jones Industrial Average inched higher by 0.71%. S&P 500 futures gained 0.74%, while the Nasdaq 100 futures rose 0.98%.While Asian…

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Federal Chancellor Friedrich Merz (CDU) walks past Bundeswehr soldiers with military honors in front of the Federal Chancellery before welcoming the Prime Minister of Denmark.Bernd von Jutrczenka | Picture Alliance | Getty ImagesTax hikes and soaring debt might be Germany’s new reality, as NATO allies are set to soon face a higher defense spending target.The country in 2024 spent around 2% of its gross domestic product (GDP) on defense, coming in at over 90 billion euros ($104 billion), according to a NATO estimate. While that expenditure is in line with the existing NATO target, it falls short of the 5%…

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Michelle Bowman, incoming vice chair for supervision at the US Federal Reserve, arrives for a Psaros Center for Financial Markets and Policy event at Georgetown University in Washington, DC, US, on Friday, June 6, 2025. Bloomberg | Bloomberg | Getty ImagesFederal Reserve Governor Michelle Bowman said Monday she would favor an interest rate cut at the next policy meeting in July so long as inflation pressures stay muted.In remarks for a speech in Prague, Bowman became the second central banker in recent days to suggest that President Donald Trump’s tariffs are likely to have a temporary and muted impact on…

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Wall Street’s positive reaction to Saturday’s U.S. bombings in Iran suggests the oil-rich Mideast state is “not as relevant” to the stock market as it used to be, CNBC’s Jim Cramer said Monday. Indeed, U.S. oil benchmark West Texas Intermediate and global standard Brent were modestly lower early Monday, and the S & P 500 pushed higher. Both crude contracts came off their multi-month highs seen overnight following several sessions of volatile trading since Israel first attacked Iran’s nuclear facilities on June 13. On Monday afternoon, both WTI and Brent moved further to the downside — off more than 5% around…

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US President Donald Trump (L) greets Secretary of Defense Pete Hegseth as he arrives to address troops at the Al-Udeid air base southwest of Doha on May 15, 2025. Brendan Smialowski | Afp | Getty Images It’s a strange thought that launching attacks on other countries could lead to peace, but that seems to be the logic behind the abrupt escalation in conflict in the Middle East beginning Saturday. And now there’s talk of a ceasefire soon.Here’s a quick recap.  On Saturday, U.S. President Donald Trump authorized air strikes on Iranian nuclear sites, pushing America into Israel’s war with Tehran.On…

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