By Jonathan Stempel (Reuters) - A federal judge blocked Washington state from enforcing most of a law intended to boost oversight and improve living conditions at the state\'s only privately-run, for-profit immigration detention facility. Friday\'s decision by U.S. District Judge Benjamin Settle will benefit Geo Group (NYSE:GEO), the owner of the Northwest Immigration and Customs...
The U.S. dollar continued its early weakness against other major currencies in the Asian session on Friday amid rising fears among traders that the U.S. Fed Reserve is likely to cut its interest rates this year. U.S. Fed Chair Jerome Powell told Congress on Thursday that rate cuts \"can and will\" begin this year. Asian...
Crypto exchange behemoth Binance has revealed a ‘crypto’ luxury perfume in a move to lure more women into the digital asset space. The fragrance was unveiled in conjunction with the International Women’s Day. Rachel Conlan, Chief Marketing Officer at Binance, calls the campaign as “bold, distinctive, and deliberately disruptive.” She added that “it’s a message...
The U.S. Consumer Product Safety Commission or CPSC has announced recalls including snowmobiles, LaBomba bicycles, Coolers, pants sets, Fossil Bracelets, crib mattresses, and magnetic ball sets citing various reasons. The recall involves about 2,700 units of Textron Specialized Vehicles\' Arctic Cat Catalyst 600 Snowmobiles for injury risk; about 3,040 units of GT Bicycles LLC\'s LaBomba...
The U.S. Federal Reserve Chair Jerome Powell has made it clear to the Senate Banking Committee that the Fed has no imminent plans to launch a central bank digital currency (CBDC). During the hearing, Powell elaborated on the Fed’s current stance on CBDCs, emphasizing that while the concept is under study, the implementation of a...
-- U.S. stock index futures fell in evening deals on Sunday, extending declines on Wall Street as the technology sector was walloped by profit-taking, with focus turning squarely to key upcoming inflation data. Profit-taking in the technology sector, especially in market darling NVIDIA Corporation (NASDAQ:NVDA), saw Wall Street indexes pull back sharply from record highs...
Asian stocks followed Wall Street higher on Friday to hit a seven-month high as easier interest rates beckoned on the horizon. The dollar and Treasury yields were under pressure, helping underpin sentiment ahead of the all-important U.S. jobs data due later in the day that might offer further clues on when the Federal Reserve could...
The central bank of the Philippines (BSP) aims to complete a CBDC pilot by the end of the year, according to a local press report. Central bank Deputy Governor for Payments and Currency Management Mamerto Tangonan told a press briefing Wednesday: “For CBDC… our timeline for that is to complete the pilot this year, towards...
-- Japanese stocks fell sharply on Monday, while the yen hovered near one-month highs as media reports suggested the Bank of Japan could end its yield curve control policies by as soon as next week. The Nikkei 225 index slid as much as 2% in early morning trade, while the yen firmed 0.2% against the...
German stocks edged lower on Friday ahead of the all-important U.S. jobs report due later today that could influence the Fed\'s rate trajectory. Closer home, Germany\'s industrial production expanded in January, figures from Destatis showed earlier today. Industrial production posted a monthly growth of 1.0 percent, in contrast to the 2.0 percent fall in December....