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Cryptocurrency exchange Coinbase Global is set to go public Wednesday at a valuation of a whopping $65 billion, as the company takes advantage of surging demand (and prices) for bitcoin, ethereum and other digital currencies. Coinbase said that it was setting a reference price for its stock of $250 a share. The company is listing
Continue ReadingWall Street has been a bundle of nerves about potential spikes in inflation since Democrats passed $1.9 trillion in economic stimulus last month. And on Tuesday, some of the first signs of inflation came to pass. Consumer prices for March rose 2.6% compared to the same month last year. They were lifted in particular by
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Economic turnaround hopes are strongly tied to the vaccine rollout around the globe — so a new concern over the Johnson & Johnson Covid-19 vaccine was just about the last thing the recovery needed. US regulators recommended pausing the use of J&J’s one-dose shot in the United States, and the company temporarily stopped usage of
Continue ReadingMore than a year into the Covid-19 pandemic, this desert city is looking bigger, bolder and better than ever. New casino resorts, innovative restaurants, expanded convention space and one-of-a-kind cultural destinations characterize the latest iteration of Las Vegas, which continues to reinvent itself in the face of adversity. Heck, Elon Musk even built an underground
Continue ReadingJustin Bieber has opened up about his transformation from wild child to reformed character. In an interview with GQ magazine, the 27-year-old singer spoke freely, revealing the extent of his drug problem and the development of his relationships with wife Hailey Baldwin and Christianity. “I have a wife who I adore, who I feel comforted
Continue ReadingJoel Greenberg, a central figure in the ongoing investigation into Florida Republican Rep. Matt Gaetz, has been providing investigators with information since last year, including information about encounters he and the Florida Republican had with women who were given cash or gifts in exchange for sex, a source familiar with the case confirms to CNN.
Continue ReadingFor years, Wall Street turned up its nose at America’s bank stocks. Now, the sector is getting tons of love as investors eye the economic recovery, which is set to benefit big lenders. What’s happening: The KBW Bank Index has jumped almost 25% this year, while the broader S&P 500 has risen 10%. And analysts
Continue ReadingAs President Biden prepares to lay out his plan Wednesday to withdraw US troops from Afghanistan and end America’s longest war, a source familiar with his thinking tells me that he thinks no amount of US troops in the country can be a game changer anymore. Biden has been remarkably consistent in this belief, dating
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On Wednesday, President Joe Biden is expected to formally announce the planned withdrawal of US troops from Afghanistan by September 11, 2021, which will also mark the end of America’s longest war — a war many no longer remember or understand why we entered. But, trust me, the reasons we went in — after the
Continue ReadingBerlin Police are investigating a possible violation of coronavirus lockdown rules during an alleged party at the private members club Soho House, a police spokesperson told CNN on Tuesday. Police said they were investigating the event after evaluating photos and a video of the event that were shared on social media. The posts now appear
Continue ReadingEgyptian authorities have seized a massive cargo ship which blocked the Suez Canal for almost a week last month, amid a dispute over financial damages. An Egyptian court ordered the vessel’s Japanese owner, Shoei Kisen Kaisha, to pay $900 million in compensation as a result of losses inflicted when the Panamanian-flagged Ever Given prevented marine
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Kabul, Afghanistan (CNN) — Women are banned from leaving their homes without a male companion and nobody dares ask about schooling for girls living here. Taxation, that’s sometimes fair and often on the rich but compulsory, can be prey to rival taxmen and lead to beatings and imprisonment for non-payment. Justice is dispensed in mobile
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The world already seems more dangerous and complex than when Joe Biden took office less than three months ago. That’s partly because America’s adversaries are putting the new commander in chief to the test. The United States is being drawn into great power confrontations with China and Russia. Iran plans to enrich uranium to higher
Continue ReadingThe fallout from the Covid-19 pandemic is poised to fracture societies worldwide, increase instability across the globe and reshape political and economic realities for years to come, the US intelligence community warned in a stark report laying out the top security concerns facing the country. “The economic fallout from the pandemic is likely to create
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States trying to fend off a new, dominant strain of coronavirus have a new challenge: having to stop Johnson & Johnson vaccinations for now. The US Centers for Disease Control and Prevention and the US Food and Drug Administration are recommending the country pause the use of Johnson & Johnson’s single-dose vaccine after six reported
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President Joe Biden’s decision to pull US troops out of Afghanistan by September marks a pivotal moment after almost 20 years of war in the country and thousands of lives lost — it also signals a coming shift in US focus and resources overseas. Biden administration officials said Tuesday that the President has ordered the
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Police in the Minneapolis suburb of Brooklyn Center declared protests to be an unlawful assembly Tuesday evening as demonstrations over the death of 20-year-old Daunte Wright continued for a third consecutive night. Protests were peaceful late Tuesday afternoon, but as the sun set chaos erupted at the Brooklyn Center police station. Officers used pepper spray
Continue ReadingSoutheast Asia’s ride-hailing giant Grab is setting the stage for an eye-popping Wall Street debut. The Singapore-based startup announced Tuesday that it would merge with a special-purpose acquisition company, or SPAC, backed by Altimeter Capital in a deal that would pave the way for a New York listing and value Grab at about $39.6 billion.
Continue ReadingThe A-list of China’s tech industry was summoned before the country’s powerful regulators on Tuesday for a dressing down over antitrust behavior, just days after Alibaba was hit with a record $2.8 billion fine for acting like a monopoly. The State Administration for Market Regulation (SAMR), along with the Cyberspace Administration (CAC) and the State
Continue ReadingWith 10 weeks to go before New York City Democrats vote in their primary for mayor, the question dominating Big Apple politics is simple: Can Andrew Yang actually win this thing? The answer, to the astonishment of many, is yes. And with each passing day, time is running out for Yang’s rivals — a diverse
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