Author: Press Room

The nomination of Kevin Warsh to lead the Federal Reserve is fast becoming one of the most contentious confirmation battles in recent years, reflecting a broader clash over central bank independence, political influence and economic policy at a time of heightened global uncertainty. As lawmakers prepare for a high-stakes hearing on April 21, a convergence of political, legal, and ethical concerns is complicating what was already expected to be a closely watched process.Political tensions intensify ahead of hearingMultiple points of contention have emerged in the run-up to Warsh’s confirmation hearing, setting the stage for a potentially combative session before the…

Descrease article font size Increase article font size The NBA playoffs officially got underway Saturday, but the Toronto Raptors didn’t get the start they were hoping for. Toronto fell 126-113 to the Cleveland Cavaliers in Game 1 of their Eastern Conference first-round series, marking the team’s first playoff appearance in four years.The playoffs follow the NBA’s play-in tournament, which ran from Tuesday to Friday and determined the final two seeds in each conference.Teams that lost in the play-in were eliminated, while winners advanced to the first round. Get breaking National news Get breaking Canada news delivered to your inbox as…

Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Fact Checked by CryptoNews Editorial Team Author CryptoNews Editorial Team Part of the Team Since Sep 2018 About Author The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for… Last updated:  April 18, 2026 Bitcoin price briefly cracked $78,000 yesterday, a level untouched since early…

Jane Fraser, CEO of CitiGroup, speaking at the World Economic Forum in Davos, Switzerland on Jan. 20th, 2026. Oscar Molina | CNBCCitigroup beat on the top and bottom lines during the first quarter.Here’s what the firm reported on Tuesday, compared with Wall Street estimates compiled by LSEG:Earnings per share: $3.06 vs. $2.65 estimateRevenue: $24.63 billion vs. $23.55 billion estimateThose results marked the firm’s best quarterly revenue in a decade and a 56% year-over-year jump in earnings per share. Citigroup posted net income of $5.8 billion, or $3.06 per share, compared with $4.1 billion, or $1.96 per share, a year earlier. Revenue rose 14%…

A series ‌of recent strikes on Russia’s oil logistics has reduced total daily oil shipments by about 880,000 barrels.

It may seem like China can’t afford to do this anymore, but giving it up could be more costly. The strategy has been central to the nation’s AI rise. Labs publish weights (the numerical parameters that capture what a model has learned), letting others iterate, learn and distill them into new products. That has helped drive the frantic pace of innovation and spread it across the economy. Beijing has noticed, and open source now has the government’s blessing, becoming central to its tech ambitions.Even before AI, open source was integral in China’s tech culture that famously refuses to pay for software.…

new video loaded: Iran Says the Strait of Hormuz Is Closed AgaintranscriptBacktranscriptIran Says the Strait of Hormuz Is Closed AgainIran’s Revolutionary Guards said they were closing the Strait of Hormuz until the U.S. blockade was lifted. Two Indian-flagged ships reported being hit as they tried to cross the passage.It’s going actually along very well and we’ll see. But we’ll have some information by the end of the day. We’re talking to them. And, we’re taking a tough stand.Iran’s Revolutionary Guards said they were closing the Strait of Hormuz until the U.S. blockade was lifted. Two Indian-flagged ships reported being hit…

Former President Barack Obama met with New York City Mayor Zohran Mamdani for the first time on Saturday, where they read to preschoolers and led a sing-along at a child care center.The meeting comes as Mamdani, a democratic socialist, is also trying to build a working relationship with Republican President Trump. The meeting comes just over a week after Mamdani marked his 100th day in office.Obama and Mamdani did not take questions after reading the book “Alone and Together” to the children, and leading a sing-along of “The Wheels on the Bus.”The two leaders discussed the mayor’s vision for New…

NEWYou can now listen to Fox News articles! A skydiver at the Virginia Tech spring football game was stranded midair after his parachute got stuck on the scoreboard during his descent in a harrowing scene Saturday at Lane Stadium.The skydiver tried to steer toward the field but was working against the wind. The skydiver’s parachute got stuck on the top of the scoreboard, leaving him suspended in midair and delaying the game as emergency personnel hustled to step in.Emergency personnel used a crane to remove the skydiver from the scoreboard.   A crowd watches the Virginia Tech Hokies play the…

An Uber Eats courier is seen in Krakow, Poland, on Aug. 21, 2025.Jakub Porzycki | Nurphoto | Getty ImagesReturning packages is a pain. Uber says it can fix that.Uber Eats announced a returns feature on Friday that lets customers do it all from the phone, and a courier will pick up and return the items purchased from retailers on the app for a fee.”A first for the on-demand delivery industry, customers will now be able to send back eligible retail items purchased on Uber Eats and receive an instant refund,” the announcement said.The launch will apply to retailers on Uber…