Author: Press Room

India’s opposition Congress party has won power in a key state, partial election results showed, defeating Prime Minister Narendra Modi’s ruling BJP a year ahead of national polls. It removed Modi’s Bharatiya Janata Party from office in Karnataka, the only southern state controlled by the Hindu nationalist grouping. With dozens of results still to come in on Saturday, Congress had already won 114 places in the 224-seat assembly, enough for an overall majority, and was leading in another 22, which would give it a comfortable cushion, the election commission website showed. Karnataka has a population of more than 60 million…

Former President Barack Obama is urging Americans to have a dialogue about gun violence as the U.S. recently surpassed 200 mass shootings so far this year, according to CBS News data.Obama discussed the challenges of reducing gun violence and how gun ownership has become an “ideological” and “partisan” issue during an exclusive sit-down interview with “CBS Mornings” co-host Nate Burleson. The full interview will air on Tuesday, May 16. “I think somehow — and there are a lot of historical reasons for this — gun ownership in this country became an ideological issue, and a partisan issue, in ways that it…

The labor market is still defying gravity — for now.Employers added 253,000 jobs in April on a seasonally adjusted basis, the Labor Department reported Friday, in a departure from the cooling trend that had marked the first quarter and was expected to continue.The unemployment rate was 3.4 percent, down from 3.5 percent in March, and matched the level in January, which was the lowest since 1969. Wages also popped slightly, growing 4.4 percent over the past year.The higher-than-forecast job gain complicates the Federal Reserve’s potential shift toward a pause in interest rate increases. Jerome H. Powell, the Fed chair, said…

Investors are growing nervous of a sharp fall in the prices of risky corporate bonds as credit conditions for US businesses and households grow increasingly tighter.The US Federal Reserve’s quarterly Senior Loan Officer Opinion Survey this week showed that 46 per cent of US banks plan to raise their lending standards due to worries about loan losses and deposit flight.In the past, tighter lending standards have led to the spread, or gap, between yields for riskier corporate bonds and ultra-safe government bonds widening, because credit becomes riskier to own. But while lending has not evaporated as feared following the collapse…

As Bitcoin experienced a bounce-back from the $25,800 support level, investors are eagerly anticipating the next move for the leading cryptocurrency.With market sentiment shifting, experts are now examining the potential price targets and forecasting Bitcoin’s trajectory in the near future. Stay tuned to discover the latest insights on Bitcoin’s price prediction and where it may be headed next.Bitcoin is trading at 26,829, increasing by 1.88% on Saturday. After declining for 8 consecutive sessions, BTC/USD prices finally started to recover losses mainly because of price correction.Fidelity Investment’s Director Highlights Bitcoin’s Impressive RallyJurrien Timmer, the Global Macro Director of Fidelity Investments, suggests that…

It was like a tale of two birth control pills.At a hearing Tuesday to consider whether the Food and Drug Administration should authorize the country’s first over-the-counter birth control pill, a panel of independent medical experts advising the agency was left to reckon with two contradictory analyses of the medication called Opill.On Wednesday, the panel will take a nonbinding vote on whether the risks of an over-the-counter pill would outweigh its benefits. The F.D.A. is expected to make a final decision this summer.During the eight-hour session on Tuesday, the manufacturer of the pill, HRA Pharma, which is owned by Perrigo,…

Sopa Images | Lightrocket | Getty ImagesCheck out the companies making the biggest moves midday:Roblox — Shares added 7.41% after the video game company reported bookings, or revenue, of $774 million, topping the $766 million expected from analysts polled by Refinitiv. Average daily active users reached 66 million, a 22% year-over-year increase. However, Roblox reported a loss of 44 cents per share, larger than the 40 cents loss per share expected by analysts.Icahn Enterprises — Carl Icahn’s conglomerate saw its stock drop 15.14% after a regulatory filing revealed the U.S. Attorney’s office for the Southern District of New York contacted…

Wedding season is here, and an etiquette expert shared her best tips for being a great wedding guest – one that the newlyweds are happy to celebrate alongside.Jackie Vernon-Thompson, a 53-year-old etiquette expert from Sunrise, Florida, has been in the industry for over two decades, news agency SWNS reported. The etiquette expert revealed tips for how to be a great wedding attendee ahead of your next special occasion. WHAT’S THE SECRET TO A HAPPY MARRIAGE? ONE SIMPLE WORDFirst and foremost, you should always respect the bride and groom — no matter what the circumstance, Vernon-Thompson told the news agency. The expert recommended…

Pop icon Debbie Gibson, who took the music world by storm in the 1980s at the age of 16, is gearing up for her encore tour starting later this month for her album, “The Body Remembers.”As a singer, songwriter and producer, Gibson produced massive hits such as “Foolish Beat,” “Lost in Your Eyes” and “Electric Youth,” becoming a pop princess who topped the charts decades before today’s music royalty. With her mother by her side fighting to protect her voice, Gibson broke through the barriers of being young and female, producing and recording her own songs and albums with creative control.…

The Cleveland Browns now have a stud opposite Myles Garrett on their defensive line.The Browns reportedly traded for three-time Pro Bowler Za’Darius Smith Friday, acquiring him from the Minnesota Vikings.Smith spent his first four NFL seasons with the Baltimore Ravens, who drafted him in the fourth round of the 2015 NFL Draft, but he didn’t become a legitimate force until his time with the Green Bay Packers. Za’Darius Smith of the Minnesota Vikings anticipates a play during a game against the Green Bay Packers at Lambeau Field Jan. 1, 2023, in Green Bay, Wis. (Stacy Revere/Getty Images)After signing a four-year…