Former Fox News host Tucker Carlson’s first Twitter show on Tuesday night went viral, generating more than 85 million “views” in less than 24 hours. In a 10-minute-long monologue, Tucker made reference to the destruction of a dam in Ukraine. He also claimed that legacy news outlets have ignored the “bombshell of the millennium” after…
ANALYSIS: Bank of Canada Ends Rate Hike Pause, Omits Wording on Likely Next Moves
OTTAWA—With its June 7 rate hike, the Bank of Canada pause lasted less than five months. In raising its overnight rate target by 25 basis points (0.25 percentage points) to 4.75 percent—the highest level since the spring of 2001—the BoC caught some market participants off-guard with the timing of the hike. In ending its pause,…
Supreme Court Rejects Oil Industry Challenge to Reverse Offshore Fracking Ban in California
June 7, 2023
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The U.S. Supreme Court sided with environmentalists and rejected a challenge by the oil industry to reverse an offshore fracking ban in California on June 5. The Environmental Defense Center filed its original lawsuit in 2014 to stop offshore fracking in federal waters, arguing the fracking chemicals could cause environmental issues and kill marine life….
AI Firm Cannot Go Public as ‘Strange’ Decisions May Need to Be Taken, Claims CEO
Sam Altman, the chief executive of OpenAI, claims there is no intent to take the organization public as he wants to maintain complete control in order to be able to take “strange” decisions when necessary. “When we develop superintelligence, we’re likely to make some decisions that public market investors would view very strangely,” Altman said…
US Doesn’t ‘Need More Digital Currency,’ SEC Chief Says as Agency Cracks Down on Crypto
The U.S. economy does not need any more digital currencies, according to Gary Gensler, the Securities and Exchange Commission (SEC) chief. Appearing on CNBC’s “Squawk on the Street” on June 6, Gensler asserted that cryptocurrency and virtual tokens are unnecessary in today’s economic landscape. “Look, we don’t need more digital currency,” he told the business…
SEC Lawsuit Against Coinbase and Binance Sparks Controversy and Political Maneuvering
Commentary Yesterday, the Securities and Exchange Commission (SEC) fired a bombshell at the cryptocurrency industry. It is suing Coinbase, a publicly traded company which the SEC approved after going through its business plan to publicly list for trading two years ago. It is also suing Binance, a crypto currency exchange that is domiciled in Hong…
Air India Plane From Delhi to San Francisco Lands in Russia After Engine Problem
June 7, 2023
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ISTANBUL/WASHINGTON—An Air India plane flying from Delhi to San Francisco was forced to divert and land at an airport in Russia’s Far East after it developed a technical issue with one of its engines, the airline said on Tuesday. The 216 passengers and 16 crew onboard were being offered support on the ground and accommodated…
BlackRock’s China Head Leaving the Company
June 7, 2023
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BlackRock, the world’s largest asset manager, announced on June 6 that Tony Tang, the head of its China business, is leaving the company. Tang played a key role in driving the expansion of BlackRock’s operations in the world’s second-largest economy. In response to a question from Reuters, BlackRock confirmed Tang’s departure, stating that he “has…
Economy Is in ‘Precarious State’ as New Hazards Loom, Warns World Bank
The World Bank has slashed its 2024 economic growth forecast for the United States by half, predicting that the resilient U.S. consumer is about to weaken “substantially” while warning of “new hazards” that threaten to “make matters worse” for the world. The group’s latest Global Economic Prospects report paints a gloomy picture of economic growth…
BBC Is Biased ‘On Occasion,’ Says UK Culture Secretary
The UK Culture Secretary Lucy Frazer has told a group of MPs that the BBC is biased on occasion, but refused to give any specific examples. In her first appearance before the Culture, Media, and Sport Committee since she took up the post in February, Frazer said that she was a supporter of the BBC…
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