Yahoo Finance's Latoya Harding has the latest from London.
Yahoo Finance's Latoya Harding has the latest from London.
David Bote and Ian Happ homered, and the Chicago Cubs beat the Washington Nationals 6-3 on Tuesday night. Chicago slugger Anthony Rizzo left the game because of tightness in his lower back, but the Cubs got enough big hits to come away with another win after pounding Jon Lester the previous day in his return to Wrigley Field. Bote broke a 3-all tie with a two-run homer against reliever Will Harris (0-1) in the sixth inning.
(Bloomberg) -- Bitcoin and other major cryptocurrencies slumped after the People’s Bank of China conveyed a statement reiterating that digital tokens can’t be used as a form of payment.The largest token fell as much as 7.3% to $40,139 in Asia on Wednesday, continuing a weeklong slide sparked by Elon Musk’s back-and-forth comments on Tesla Inc.’s holdings of the coin. Ether, Dogecoin and last week’s sensation, Internet Computer, also retreated.“This is the latest chapter of China tightening the noose around crypto,” said Antoni Trenchev, managing partner and co-founder of Nexo in London, a crypto lender.Virtual currencies should not and cannot be used in the market because they’re not real currencies, according to a notice posted on the PBOC’s official WeChat account. Financial and payments institutions are not allowed to price products or services with virtual currency, the notice said.The statement doesn’t have any new regulatory steps, according to Yu Lingqu, a vice director at the China Development Institute think-tank in Shenzhen. The notice was conveyed by the central bank but compiled by industry associations rather than government officials, making it less powerful, according to Liu Yang, a lawyer at Beijing-based law firm DeHeng Law Offices.“They just want caution,” said Bobby Lee, founder and chief executive officer of crypto storage provider Ballet. “They feel the market is over-hyped, there’s speculative trading, they’re looking out for the best interests of the people.”Beijing since 2017 has abolished initial coin offerings and clamped down on virtual currency trading within its borders, forcing many exchanges overseas. The country was once home to about 90% of trades but the lion’s share of mining and major players have since fled abroad.China has recently taken steps to issue its own digital yuan, seeking to replace cash and maintain control over a payments landscape that has become increasingly dominated by technology companies not regulated like banks.“It’s no surprise to me, as Chinese capital controls can be challenged by cryptocurrency purchases in the country and transfers out of the country,” said Adam Reynolds, CEO for APAC at Saxo Markets. “So avoiding use of them in the country is essential to maintaining capital controls. The only tolerable digital currency to a government with strong capital controls is their own CBDC.”Many chartists and technical analysts are looking at Bitcoin’s 14-day Relative Strength Index (RSI), which entered oversold levels Tuesday. In addition, an acceleration in its selloff could mean the coin approaches its next support around $40,000. A fall to that level would mark the first time since September that Bitcoin would test its average price over the past 200 days. And breaching it could mean it drops to $30,000, where it’s previously found support.For Stephane Ouellette, chief executive and co-founder of FRNT Financial, the moves have more to do with Musk’s recent tweets about Bitcoin.“It’s just a bit of a mess. TSLA’s entrance into the space saw some of the most aggressive BTC buying I’ve personally ever seen -- and it has to unwind,” he said. The EV-maker’s retraction that it will accept Bitcoin as payment “was the catalyst that accelerated the spread consolidation. Then over the weekend, little comments here and there have continued to confuse.”Meanwhile, the latest Bank of America fund manager survey showed that “Long Bitcoin” is the most crowded trade in the world right now. The poll captures 194 fund managers with $592 billion worth of AUM overall.“The fact that the BofA manager survey shows that the ‘long Bitcoin’ trade is the most crowded one on the Street right now isn’t helping either,” said Matt Maley, chief market strategist for Miller Tabak + Co. “When an asset becomes the most crowded trade in the BofA survey, it has frequently signaled a near-term pullback in the past. When you combine this with the news out of China, it’s not a surprise that Bitcoin is seeing some more weakness.”(Updates in the fifth paragraph with context on the statement conveyed by China’s central bank.)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Morrison said any plans to relax border rules for vaccinated travellers could be implemented "only when it is safe to do so".Australia plans to reopen borders to the rest of the world from the middle of 2022 even as the federal budget unveiled last week hopes to fully vaccinate its near 26 million population by the end of this year.Airlines, tourism operators and universities - reeling from the impact of border bans - have been urging the federal government to fast track the opening of borders."We can't keep (COVID-19) out forever ... It will make us sick but won't put us into hospital. Some people may die but it will be way smaller than the flu," Virgin Australia boss Jayne Hrdlicka was quoted as saying in Australian media on Tuesday.Morrison described Hrdlicka's comments as "somewhat insensitive".Australia closed its international borders in March 2020, mostly to non-citizens and permanent residents, helping keep its COVID-19 numbers relatively low at just under 30,000 cases and 910 deaths.
Officers have arrested a suspect in connection to an alleged attempted kidnapping that was captured in a "chilling" video, authorities said. According to the Escambia County Sheriff's Office, which released the video, an 11-year-old girl was waiting at a bus stop when a man armed with a knife exited a white Dodge Journey and allegedly tried to kidnap her. Deputies arrested Jared Paul Stanga, 30, and have charged him with attempted kidnapping of a child under 13, aggravated assault and battery.
The New York Attorney General's office has evolved its investigation into former President Donald Trump's eponymous company to encompass potential crimes, a spokesperson for the AG's office told ABC News. The office has been investigating possible civil violations by the Trump Organization over the way the company valued holdings as it sought loans and tax benefits. Now the investigation has entered a "criminal capacity," the spokesperson said.
Facebook/Luzerne County SheriffA hospital bed confession from a man charged with killing two Pennsylvania women has led investigators to call him a person of interest in a third case: the disappearance of a young woman in Michigan in 2005.And now, a prosecutor says the trail of death linked to Harold Haulman may lead overseas.Haulman is currently incarcerated, having confessed to the brutal murders of two young women in 2018 and 2020. During an interrogation in early January, he mentioned a new name, Ashley Parlier, and indicated that he knows where her body is, authorities said.Investigators in Michigan are now dusting off the cold case of the 21-year-old who vanished after storming out of her home during an argument with her parents over an apparent pregnancy.Haulman first came to the attention of law enforcement in 2020, after Erica Shultz’ sister reported her missing, according to court records obtained by the Times Leader. FBI investigators used cellphone records and a dating website where Haulman and Shultz had met to show that Haulman had turned up unexpectedly on the 26-year-old’s doorstep and then convinced her to go on a walk in the woods. The last messages sent from his phone to hers, District Attorney Stephanie Salavantis said at a December 2020 press conference, were “surprise” and “knock-knock.”After the FBI zeroed in on Haulman, he began acting erratically—skipping out on an FBI interview and then resurfacing days later, when he tried to kill himself with a box cutter on a railroad track. As investigators interviewed Haulman in his hospital room, he allegedly confessed to killing Shultz with a mallet and a knife, and then used Google Maps to show investigators where he had left her body, the Daily Item reported.Authorities say Haulman also confessed to the killing of another woman, 25-year-old Tianna Philips, who had been missing since 2018. According to court records obtained by the Times Leader, when investigators interviewed his wife, Anne Haulman, she told law enforcement officers that Haulman confessed to her about Philips’ murder—and even drove her to the area where he said Philips’ body was hidden and showed her a black garbage bag filled with human remains. The couple later disposed of the body in a dumpster in a nearby theater, police say.In the interview in early January, Haulman made a spontaneous reference to Parlier, asking if the charge for her murder would be combined with Philips and Shultz’s, as he wanted to avoid a trial.Parlier’s sister, Nicole Campen, told WNEP that her sister went missing after storming out of the house following an argument with their parents, who had noticed she looked pregnant. While Camden says she doesn’t know if her sister knew Haulman, police say he lived in the same county as Parlier’s family from 2002 to 2005.There are also marked similarities between Parlier and Shultz. A Facebook post from a desperate family member describes Shultz as a low-functioning person on the autism spectrum who wasn’t able to drive. According to Parlier’s sister, Parlier had the mental function of about a 12- to 14-year-old. “If you were nice to her, she just assumed you were a nice person,” said Camden. “She didn’t really get that there could be evil.”Luzerne County Deputy District Attorney Dan Zola said there may be other victims as far away as Europe. According to the Daily Item, Zola said Haulman was convicted of a murder in Germany in the ’90s. “If these situations don’t match the definition of what a serial killer is, then nothing does,” the prosecutor said.Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
If PM Modi is able to achieve the twin objectives of vaccination and growth, then there could be no stopping him even in 2024.
Palestinian emergency crews worked to clear rubble in the search for survivors following an Israeli airstrike in Gaza on May 18.Health officials in Gaza said at least 217 people have been killed, including 63 children, and more than 1,500 injured inside the Palestinian enclave since the start of Israeli strikes on May 10.At least 12 people have been reported killed inside Israel after militants in Gaza began firing thousands of rockets. Credit: Hamdaneldahdouh via Storyful
Björnsson — who is best known for his role as Gregor "The Mountain" Clegane on GoT — used to compete in Strongman competitions
The government was not as prepared for the pandemic as it could have been, according to its own spending watchdog. A report by the National Audit Office (NAO) found officials "lacked detailed contingency plans to manage the unfolding situation" when it began early last year. The prime minister last week announced a public inquiry into the government's handling of the pandemic, an outcome that bereaved families and opposition MPs have been demanding for months.
United went ahead at Old Trafford through Edinson Cavani in front of 10,000 home fans, who returned for the first time in 14 months as the British government eased COVID-19 lockdown rules. However, Joe Bryan's late equaliser spoiled the party and Solskjaer said United had made it difficult for themselves. "We need to play better against Villarreal than what we have the last three games," Solskjaer told reporters.
The couple announced they were expecting in March.
Toyota (NYSE: TM) announced in a tersely worded press release Tuesday that it is halting productions at three production lines, located in two of its factories in Japan. Reporting on the matter, Reuters said more specifically that the culprit was the global shortage of computer chips. In its press release, Toyota stressed that these are "only vehicles which affect delivery to customers."
Jana Kramer filed for divorce from Mike Caussin in April after six years of marriage
Chinese tech giant Baidu (NASDAQ: BIDU) scored a pair of beats in its inaugural quarter of 2021, but investors might be more concerned about the company's immediate future. For its Q1, Baidu booked total revenue of 28.13 billion yuan ($4.38 billion), which was 25% higher on a year-over-year basis. Baidu attributed its Q1 success to its ever-continuing push against the edges of technology.
Mike Zunino hit two home runs and the Tampa Bay Rays connected five times in all, hammering the Baltimore Orioles 13-6 Tuesday night for their fifth straight win. Brett Phillips and Austin Meadows hit three-run homers in the second inning and Ji-Man Choi hit a late drive as the Rays matched their longest winning streak of the year. Tampa Bay is a season-high five games over .500 at 24-19.
Pinch-hitter Ronald Torreyes delivered a tiebreaking, two-run double in the eighth inning and the Philadelphia Phillies rallied to beat the Miami Marlins 8-3 on Tuesday night. In the Phillies' first game since a dugout spat between manager Joe Girardi and infielder Jean Segura, the Marlins took a 3-1 lead when Jazz Chisholm Jr. hit a two-run homer off a 100 mph fastball from Jose Alvarado in the top of the eighth.
She was already beyond child-bearing age, but Qelbinur Sedik says Chinese authorities still forcibly sterilised her, part of what she describes as a systematic campaign to suppress births of Uyghurs and other minorities in the tense Xinjiang region.
Nolan Arenado hit a two-run homer, his fourth in four games, and the St. Louis Cardinals beat the Pittsburgh Pirates 5-2 Tuesday night. Tommy Edman added three singles and drove in two runs for St. Louis. The Cardinals returned home after dropping three straight at the Padres to win their fourth consecutive game this season against Pittsburgh.
"I was like alright, is there the lab somewhere where we're keeping the alien specimens and spaceship? ...the answer was no," Obama joked.