(Reuters) -The U.S. House of Representatives on Thursday passed a bill to create a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, sending the bill to President Donald Trump, who is expected to sign it into law.
The vote marks a watershed moment for the digital asset industry, which has been pushing for federal legislation for years and poured money into last year's elections in order to promote pro-crypto... (continue reading...)
By Ann Saphir
(Reuters) -The spiraling cost of the Federal Reserve's years-long renovation of two historic buildings in Washington, D.C., has become the latest flashpoint in the Trump administration's escalating pressure campaign on Fed Chair Jerome Powell, whom Trump wants out of the central bank because he hasn't delivered the interest-rate cuts he wants.
The Powell Fed has held rates steady since December on concern Trump's tariffs could... (continue reading...)
WASHINGTON (Reuters) -Qatar, Egypt and the U.S. presented Israel and Palestinian Islamist militant group Hamas with an updated Gaza ceasefire proposal on Wednesday, Axios reported on Thursday, citing two sources.
The two main updates in the latest proposal had to do with the scope of the Israeli military's withdrawal from Gaza during a ceasefire and the ratio of Palestinian prisoners to be released for each Israeli hostage, Axios reported.
... (continue reading...)WASHINGTON (Reuters) -The U.S. government designated The Resistance Front, an offshoot of the Pakistani extremist group Lashkar-e-Taiba, as a "foreign terrorist organization" over the April 22 Islamist militant attack in India-administered Kashmir that killed 26 people, Secretary of State Marco Rubio said in a statement.
(Reporting by Kanishka Singh in Washington and Bhargav Acharya in Toronto; Editing by Chris Reese)
By Lisa Richwine and Dawn Chmielewski
LOS ANGELES (Reuters) -The final season of global phenomenon "Squid Game" helped Netflix beat Wall Street earnings targets for the second quarter, and the streaming service raised its revenue guidance for the year.
Shares of the company, which had risen nearly 44% this year ahead of the earnings report on Thursday, fell 1% to $1,260 in after-hours trading. The company said its higher revenue forecast... (continue reading...)
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