By Marie MannesSTOCKHOLM (Reuters) – Electrolux’s operating loss nearly tripled in the first quarter on weak demand and poor performance in North America, but the loss was smaller than expected as raw material costs eased, sending shares up 6%. The world’s second-biggest appliances maker reported on Friday an operating loss…

NZD/USD remains steady due to risk appetite improvements for risk-sensitive currencies. The gains of the US Dollar could be limited due to the lower US Treasury yields. New Zealand’s ANZ-Roy Morgan Consumer Confidence decreased to 82.1 in April, reaching its lowest level since 2008. The NZD/USD pair showed positive movement, trading…

Crypto whales recently transferred a total of $1.3 billion in USD Coin (USDC) to the major exchange platform, Coinbase. Market analysts are viewing these transfers as a potential giant buy signal. This massive influx of funds occurred in synchronized transactions from five different addresses. Consequently, this development has ignited speculation…

The Supreme Court appeared ready to reject former President Donald Trump’s claims of sweeping immunity and the broad protections he has sought to shut down his federal election subversion case, but also reluctant to give special counsel Jack Smith carte blanche to pursue those charges. After nearly three hours of…

Jenna Ortega’s new Wednesday co-star Thandiwe Newton just joined Tim Burton’s acting family, following in the footsteps of an actor she’s very familiar with. Variety reported Tuesday that Newton would be joining Season 2 of the hit Netflix Netflix series in an unspecified role. Wednesday marks the first time Newton…

POLITICS

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The Department of Justice doubled down on its decision to not release the audio files of President Joe Biden’s interview with special counsel Robert Hur to House Republicans, stating that Republicans have not established a legitimate legislative purpose for demanding these recordings, in a new letter obtained by CNN. The letter from DOJ Assistant Attorney General Carlos Uriarte to House Oversight Chair James Comer and House Judiciary Chair Jim Jordan sets up a showdown with Republicans who have continued to threaten holding Attorney General Merrick Garland in contempt of Congress for not releasing the audio recordings of the interviews Hur…

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Investing

TikTok’s Chinese parent company ByteDance said Thursday that it has no plans to sell the social media platform, its first official response on the fraught issue since President Joe Biden signed a bill that could lead to a nationwide ban of the wildly popular app. “Foreign media reports that ByteDance…