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A U.S. judge said on Thursday that Ripple Labs Inc did not violate securities law by selling its XRP token on public exchanges. Although the decision was specific to the individual case, it unleashed a wave of optimism among crypto investors that more cryptocurrencies may also not be deemed securities. Still, the enthusiasm for some was tempered by a report from the Wall Street Journal that Binance, the world's largest cryptocurrency exchange, has laid off more than 1,000 people in recent weeks. "The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. Still, crypto investors have taken encouragement from the world's biggest asset manager, BlackRock (BLK.N), filing to launch a bitcoin exchange traded fund last month.

Persons: XRP, Coinbase, Bitcoin, Matthew Dibb, Justin d'Anethan, Binance.US, bode, Sam Bankman, Alex Mashinsky, Patrick Hillmann, Hillmann, We'd, Chris Weston, it's, Vidya Ranganathan, Simon Cameron, Moore, Alex Richardson, Josie Kao Organizations: Labs, U.S . Securities, Exchange Commission, Wall Street, Capital, SEC, U.S, Wall, Twitter, BlackRock, Fidelity, Thomson Locations: SINGAPORE, WASHINGTON, U.S, California , New Jersey, South Carolina, Wisconsin, Asia, Keyrock, Hong Kong, XRP, reining, China, Binance, Melbourne, Singapore

☆ Our belief is there are two more rate hikes from here, says Merrill's Matthew Diczok
▼ + stars: | 2023-07-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur belief is there are two more rate hikes from here, says Merrill's Matthew DiczokMatthew Diczok, head of fixed income strategy for the chief investment office at Merrill and Bank of America Private Bank, joins 'Squawk Box' to discuss the Fed's rate hike campaign, inflation, and more.

Persons: Matthew Diczok Matthew Diczok Organizations: Bank of America Private Bank Locations: Merrill

☆ Behind French Riots Lie Years of Anger Over Police Conduct
▼ + stars: | 2023-07-02 | by ( Matthew Dalton | Photographs Abdulmonam Eassa For The Wall Street Journal | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ French Street Violence Over Killing of Teen Prompts Crisis Meeting
▼ + stars: | 2023-06-29 | by ( Matthew Dalton | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/french-street-violence-over-killing-of-teen-prompts-crisis-meeting-24633a94

Persons: Dow Jones, 24633a94

☆ French Police Officer Faces Preliminary Charges in Teen Killing
▼ + stars: | 2023-06-29 | by ( Matthew Dalton | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/french-street-violence-over-killing-of-teen-prompts-crisis-meeting-24633a94

Persons: Dow Jones, 24633a94

☆ Riots Erupt in Paris Suburbs After Police Kill Teenager
▼ + stars: | 2023-06-28 | by ( Matthew Dalton | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, acf46a38 Locations: paris

☆ Paris Suburbs Erupt in Violent Protests After Police Kill Teenager
▼ + stars: | 2023-06-28 | by ( Matthew Dalton | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/riots-erupt-in-paris-suburbs-after-police-kill-teenager-acf46a38

Persons: Dow Jones, acf46a38 Locations: paris

☆ Teslas and other EVs don't need as much maintenance as gas-powered cars. Here are key differences in upkeep and repairs.
▼ + stars: | 2023-06-27 | by ( Alexa St. John | Matthew Debord | ) www.businessinsider.com time to read: +1 min

Gas-powered vehicles require maintenance like oil changes and more. Still, there are key nuances to EV maintenance that drivers should know. Taking your car to the shop will look a lot different if you drive an EV versus a gas-powered vehicle. But because EVs are so tech-heavy, they do come with some maintenance and service nuances. Here's a rundown of all the ways that keeping an EV on the road is different from a gas-powered vehicle:

Persons: Tesla, EVs

☆ Leaders Seek Green Marshall Plan for Poor Nations
▼ + stars: | 2023-06-23 | by ( Matthew Dalton | Stacy Meichtry | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/leaders-seek-green-marshall-plan-for-poor-nations-71e44e2d

Persons: Dow Jones

☆ Widening Wealth Gap Drives Talks for Green Finance Pact at Paris Summit
▼ + stars: | 2023-06-22 | by ( Matthew Dalton | Andrew Duehren | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: paris

☆ Analysis: Titanic sub victims' families could still sue despite liability waivers
▼ + stars: | 2023-06-22 | by ( Jack Queen | ) www.reuters.com time to read: +4 min

June 22 (Reuters) - Liability waivers signed by passengers on a submersible lost at sea during a dive to the Titanic wreck may not shield the vessel's owner from potential lawsuits by the victims' families, legal experts said. The Titan submersible vanished on Sunday roughly two hours into its dive and was found in pieces on the ocean floor after what the U.S. Coast Guard said on Thursday was a "catastrophic implosion" of its pressure chamber. The passengers, who paid as much as $250,000 each for the journey to 12,500 feet (3,810 meters) below the surface, are believed to have signed liability waivers. If OceanGate were to fail in such a case, families would be free to file negligence or wrongful death lawsuits. Reporting by Jack Queen; Editing by Amy Stevens and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: OceanGate, ”, Matthew D, Shaffer, Joseph Low of, David Lochridge, Jack Queen, Amy Stevens, Daniel Wallis Organizations: U.S . Coast Guard, CBS, OceanGate Expeditions, Reuters, American Bureau of Shipping, Thomson Locations: Texas, Joseph Low of California, Everett , Washington, Washington

☆ Taylor Swift is an unlikely public transit icon
▼ + stars: | 2023-06-22 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

New York CNN —Taylor Swift, public transit savior? Public transit systems across the United States are getting a much-needed, if temporary, boost from Taylor Swift fans flooding trains, buses and subways to her sold-out Eras Tour. As transit agencies scramble to recover from the pandemic, transit experts say all those Swifies taking mass transit offer lessons for policymakers on how to adapt to the post-pandemic world. Philadelphia’s SEPTA system and New Jersey Transit also got a boost from concertgoers taking mass transit to Swift shows. But public transit agencies still have yet to fully recover from the impact of the pandemic.

Persons: New York CNN — Taylor Swift, Taylor Swift, Taylor Swift’s, Swift, Raymond James, Matthew Dickens, Taylor, ”, Jim Aloisi, Aloisi, Yanfeng Ouyang Organizations: New, New York CNN, Chicago Transit Authority, CTA, Soldier, Metropolitan Atlanta Rapid Transit Authority, Mercedes, Benz, SEPTA, New Jersey Transit, Swift, American Public Transportation Association, Public, MIT, Transportation, University of Illinois Locations: New York, United States, New Jersey, Pittsburgh , Minneapolis, Denver, Seattle, Santa Clara, Los Angeles, Philadelphia, Massachusetts, University of Illinois Urbana, Champaign

☆ GOP burns for another culture war fight, pushing bills to 'save' gas stoves
▼ + stars: | 2023-06-14 | by ( Matthew Daly | Associated Press | ) www.businessinsider.com time to read: +6 min

The House GOP passed a bill to bar federal regulation of gas stoves. Some cities have banned new gas stoves over climate change and attempts to reduce energy use. The White House said the administration "has been clear that it does not support any attempt to ban the use of gas stoves,″ but GOP lawmakers say rules on gas stoves represent classic government overreach. New York state approved a law last month banning natural gas stoves and furnaces in most new buildings. The proposed Energy Department rule would save consumers up to $1.7 billion and cut down on emission that are dangerous to children's health, she added.

Persons: —, ″, Tom Cole, Joe Biden, Kevin McCarthy's, McCarthy, Cathy McMorris Rodgers, McMorris Rodgers, Mary Gay Scanlon, Scanlon Organizations: GOP, Service, Republican, Energy Department, Biden, Green, Democratic, Caucus, Consumer Product Safety, The Energy Department, House Energy, Commerce, DOE, embroil Locations: San Francisco, Berkeley , California, New York, United States, Washington

☆ Three Books That Make Tess Gunty Angry
▼ + stars: | 2023-06-08 | by ( ) www.nytimes.com time to read: +4 min

I can’t believe I get to share a time period with all of these people. In this poem, the speaker is thunderstruck by a newfound “plague of gratitude.” The speaker says: “Not long ago I was hard to even/hug ... The poem plunged me into that first miraculous flash of hope you enjoy after a long storm of bad brain chemistry. They are facilitated by an absence of legal restrictions and the primeval excuse that if We don’t do it first, They will. My family is always shocked by how many books on neuroscience and quantum physics I’ve amassed.

Persons: Claudia Rankine, Anne Carson, Maggie Nelson, Yuri Herrera, Zadie Smith, Diane Williams, Valeria Luiselli, Olga Tokarczuk, Rachel Kushner, Elena Ferrante, Ben Lerner, Carmen Maria Machado, Joy Williams, Hanif Abdurraqib, Nuar Alsadir, Robin Coste Lewis, Natalie Diaz, Ocean Vuong, Sharon Olds, Morgan Parker, Tommy Pico, Terrance Hayes, Ada Limón, Tracy K, Smith, Annie Baker, Amy Herzog, Paula Vogel, Svetlana Alexievich, Rachel Aviv, Ed Yong, Matthew Desmond, Alexandra Kleeman, Susan Choi, Chris Ware, Tommy Orange, Javier Zamora, Jenny Offill, Annie Ernaux, Anne Enright, Lydia Davis, Raven Leilani, Mark Z, Jennifer Egan, George Saunders, Wolf, Kaveh Akbar, ” Akbar alchemizes, ”, I’m, Patrick Radden Keefe, Sackler, —, Brian Christian, I’ve, Iain McGilchrist, Alex Locations: Ocean, America, “, postindustrial Indiana

☆ Analysis: Can Biden's compromise strategy fix a divided US?
▼ + stars: | 2023-06-06 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +5 min

WASHINGTON, June 5 (Reuters) - The deal to end the United States' debt limit standoff was classic Joe Biden politics: eke out a narrow compromise from an ugly beginning and declare victory. "I know bipartisanship is hard, and unity is hard," Biden said during his first-ever Oval Office address on Friday. "No matter how tough our politics gets, we need to see each other not as adversaries, but as fellow Americans. In his first two years as president, Biden used Democratic majorities in the House of Representatives and the Senate to push through massive stimulus packages despite the protests of Republicans. Senate Minority leader Mitch McConnell said after the debt deal was struck that "divided government means negotiated deals - it means nobody gets everything they want."

Persons: Joe Biden, Republican Kevin McCarthy, Biden, Bishop Silvester Beaman, Mitch McConnell, Premilla Nadasen, Donald Trump’s, Matthew Dallek, Mitch Landrieu, Elon Musk, Ron DeSantis, he's, Landrieu, McCarthy, " McCarthy, Trump, Nikki Haley, Kamala Harris, Matt Bennett, Trevor Hunnicutt, Heather Timmons, Chizu Nomiyama Organizations: Republican, Senate, Democratic Party, Columbia University's Barnard College, George Washington University, Capitol, Biden, Elon, Tesla Inc, DeSantis, Thomson Locations: United States, America, Washington, Carolina, Lincoln

☆ Analysis: Can Biden's handshake to a gunfight strategy fix what ails the US?
▼ + stars: | 2023-06-05 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +5 min

Biden's pact with Republican Kevin McCarthy, who once voted to overturn the president's 2020 election win, became law on Saturday. Biden's own popularity has withered over the course of his term, with some Democrats pointing fingers at the very strategy he touts. "No matter how tough our politics gets, we need to see each other not as adversaries, but as fellow Americans. Deals with Senate minority leader Mitch McConnell and Senate swing-vote Joe Manchin on infrastructure, climate and guns reflect Biden's deal-making strategy over 50 years in politics. The brief peace in Washington after the deal may be short-lived, however, some political strategists warn.

Persons: Joe Biden, Republican Kevin McCarthy, bipartisanship, Biden, Bishop Silvester Beaman, Premilla Nadasen, Mitch McConnell, Joe Manchin, Matthew Dallek, Mitch Landrieu, Elon Musk, Ron DeSantis, he's, Landrieu, Matt Bennett, Trevor Hunnicutt, Heather Timmons, Chizu Organizations: Republican, Capitol, Columbia University's Barnard College, George Washington University, Biden, Elon, Tesla Inc, Trump, Thomson Locations: United States, Washington, America

☆ Walmart is found not liable after detaining a customer who refused to show receipts at the door
▼ + stars: | 2023-06-05 | by ( Gloria Dawson | ) www.businessinsider.com time to read: +3 min

William Montgomery repeatedly refused to show receipts for his purchases at Denver-area Walmart stores. Colorado's second-highest court said last week that Walmart can't be held liable for false imprisonment. Walmart did not respond to Insider's request for comment on the decision or their policy on checking receipts. Montgomery also called the trips a "sting" in statements to store employees and responding officers, according to Grove's opinion. by merely presenting his receipt to Walmart employees."'

Persons: William Montgomery, Colorado's, —, Montgomery, Matthew D, Grove Organizations: Walmart, Service, Gazette, Costco, Montgomery, Colorado, Appeals Locations: Denver, Colorado

☆ Exxon, Chevron Near Deals to Drill in Gas-Rich Algeria
▼ + stars: | 2023-06-02 | by ( Matthew Dalton | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/exxon-chevron-near-deals-to-drill-in-gas-rich-algeria-8aeed887

Persons: Dow Jones, 8aeed887 Organizations: exxon Locations: algeria

☆ Former Canadian soldier extradited to Thailand over gang killing
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +2 min

"The deceased is connected with the United Nation Gang and was linked to the murder of one of the leaders of another gang, called the Red Scorpion, in Canada," Jirabhop said. The extradition involved a Thai air force flight after commercial airlines declined requests for transport over safety concerns, Thai police said. "We have ensure that there is security in Thailand and uphold our reputation that this country is safe to live in," she said. An Alberta court approved the extradition of Dupre last December. Reporting by Juarawee Kittisilpa and Napat Wesshasartar; Writing by Chayut Setboonsarng; Editing by Mike HarrisonOur Standards: The Thomson Reuters Trust Principles.

☆ Beverly Hills Voters Stymie LVMH Plans to Expand U.S. Hotel Business
▼ + stars: | 2023-05-27 | by ( Matthew Dalton | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/beverly-hills-voters-stymie-lvmh-plans-to-expand-u-s-hotel-business-97b2564c

☆ Google's patents cover tech in ChatGPT. But fighting rivals in court isn't worth it, legal experts say.
▼ + stars: | 2023-05-26 | by ( Thomas Maxwell | ) www.businessinsider.com time to read: +5 min

Google invented AI technology like the Transformer, which led to breakthroughs in the chatbot race. Essentially, outside researchers gain access to a piece of AI technology from Google and continue iterating on it, which in turn benefits Google's own products. Several experts in patent law spoke to Insider about Google's AI patents, namely why it hasn't used them against competitors and whether it even could. Technical and legal questions aside, it would be somewhat hypocritical for Google to sue anyone for infringing its AI patents. Patent warsLegal experts pointed to the idea of "mutually assured destruction" to explain why tech companies would file patents without enforcing them offensively.

Persons: hasn't, Matthew D'Amore, Idong Ebong, Nixon Peabody Organizations: Google, Cornell University, Big Tech, Microsoft, Samsung, Apple, HTC, IBM Locations: OpenAI, ChatGPT

☆ Lithium has started coming back after a 'freefall' in China. What to know about the investing landscape
▼ + stars: | 2023-05-17 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Investors should focus on the long-term story in the lithium investing landscape, not the volatile price swings seen in recent months. Moves in China are driving changes in the global market for lithium as demand for electric vehicles increases, said Keybanc analyst Aleksey Yefremov. DeYoe reiterated his buy rating on Canadian producer Sigma Lithium earlier this month, calling it "the next big thing in lithium." Among the biggest names: Global X has a Lithium & Battery Tech ETF , Sprott has a Lithium Miners ETF and Horizons Global has a Lithium Producers Index ETF . "That's going to be quite a challenge, if we don't literally right now start digging up and finding sites for lithium," Langan said.

Ron DeSantis' political operation on Monday is moving out of the Republican Party of Florida headquarters, where it has been housed since the end of the 2022 midterms. A party official confirmed the trucks were there to move DeSantis’ political operation out of the building and into a new office space. A moving truck waits outside the headquarters of the Republican Party of Florida headquarters as Ron DeSantis' political operation moves out. DeSantis held events in Iowa over the weekend even as Trump canceled over concerns about severe weather. The campaign did not return a request seeking comment about he will be joining the political team.

☆ Bank of America opens Luxembourg branch in Europe funds push
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +2 min

LONDON, May 10 (Reuters) - Bank of America (BAC.N) has hired former BNP Paribas banker Benoit Nevouet to be the manager of a newly created Luxembourg branch as the U.S. lender seeks to grow its business in Europe, a senior executive at Bank of America told Reuters. The opening of a branch in the small but wealthy country will mean Bank of America can help clients such as investment funds with local bank accounts and other services, said Matthew Davies, head of the U.S. lender's global transaction services unit for Europe, Middle East and Africa. Bank of America is first focused on bringing across existing clients which it served from a partner bank in Luxembourg to its new branch, Davies told Reuters. The U.S. bank is also hiring a dedicated money laundering reporting officer, as well as an initial handful of other support staff in functions such as compliance, risk and legal, to support the Luxembourg branch, Davies said. Bank of America's transaction services business accounts for some 10% of the lender's overall revenues, helping large multinational corporations with routine but vital products such as making payments and managing their cash.

☆ Switzerland Wants Children to Eat Less Chocolate, More Insects
▼ + stars: | 2023-05-02 | by ( Matthew Dalton | ) www.wsj.com time to read: 1 min

MAUR, Switzerland—In this land of cheese and chocolate, children are being schooled in the more subtle pleasures of eating mealworms, locusts and crickets. On a recent morning, students at a middle school outside Zurich gathered around a table laden with snacks made of insects. They quickly scooped up spiced mealworms, crickets dusted with paprika, and crackers made with flour from ground-up crickets.

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