Thursday, 26 October 2023

Gunman opens fire on city of Buffalo vehicle, killing one employee and wounding two others

A city of Buffalo employee was fatally shot and two others were wounded when the city pickup truck they were in was struck by gunfire from a passing vehicle

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Wife of ex-Alaska Airlines pilot says she's in shock after averted Horizon Air disaster

The former Alaska Airlines pilot who police say tried to cut the engines while riding in the cockpit jump seat during a Horizon Air flight made his first appearance in federal court in Portland, Oregon

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Wednesday, 25 October 2023

White House wants more than $23 billion from Congress to respond to natural disasters

The White House is asking lawmakers for more than $23 billion in emergency funding to help the government respond to the natural disasters that have ripped through the U.S. this year

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Tennessee attorney general sues federal government over abortion rule blocking funding

Tennessee’s top legal chief says the federal government is wrongly withholding millions of dollars in family planning funds after the state refused to comply with federal rules requiring clinics to provide abortion referrals due to its current ban on t...

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Hyundai is rapidly building its first US electric vehicle plant, with production on track for 2025

Construction of Hyundai's first U.S. plant dedicated to making electric vehicles is moving quickly

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Tuesday, 24 October 2023

Bagged, precut onions linked to salmonella outbreak that has sickened 73 people in 22 states

An outbreak of salmonella poisoning linked to bagged, precut onions recalled by a California firm has sickened at least 73 people in 22 states, including 15 who were hospitalized

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Oregon State University gives all clear after alerting bomb threat in food delivery robots

Oregon State University officials have given the all clear to people on campus after warning them at lunch time not to open any food delivery robots because of a bomb threat

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States sue Meta claiming its social platforms are addictive and harm children's mental health

Dozens of US states, including California, New York, Arizona and Indiana are suing Meta Platforms Inc. for harming young people’s mental health and contributing the youth mental health crisis by knowingly designing features on Instagram and Facebook th...

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California regulators suspend San Francisco robotaxi service for safety reasons

California regulators have revoked the license of a robotaxi service owned by General Motors after determining its driverless cars that recently began transporting passengers throughout San Francisco are a dangerous menace

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Monday, 23 October 2023

US Forest Service sued over flooding deaths in the wake of New Mexico's largest recorded wildfire

Relatives of three people who died last year in a flash flood stemming from the largest wildfire in New Mexico’s recorded history are suing the U.S. Forest Service

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Bitcoin Nears $31,000 Mark. Here Are The Reasons For Its Recent Boom

Cryptocurrency Bitcoin is witnessing a boom and the coin managed to gain 2.19 per cent and traded at $30,543.48 on Monday. The value of the largest cryptocurrency by circulation went up by over 9.5 per cent in the past seven days and is nearing the $31,000 mark now.

Bitcoin price witnessed sluggish growth and lost significant value in the crypto crashes in recent years. Bitcoin managed to attain an all-time high of $68,789.63 on November 10, 2021, before it started dropping in value. The tables have turned now owing to the recent surge rally in the crypto domain.

At the time of writing, Bitcoin held a market capitalization of $596.19 billion, up by 2.2 per cent, according to CoinMarketCap statistics. In addition, the 24-hour trade volume saw a substantial hike of 22.5 per cent and was recorded at $16.14 billion. In the past month, the cryptocurrency behemoth gained 14.91 per cent in value.

October has proven to be a lucky month for Bitcoin, aka BTC, and the entire crypto market. In October, Bitcoin price shot up by about 12.7 per cent.

The recent Bitcoin surge can be attributed to several key factors. At first, the market for crypto rallied on October 21 and led to the liquidation of about $64 million in short positions in the span of 24 hours. This liquidation, including a staggering figure of $2.53 million on the crypto trading app Binance forced short-sellers to cover their positions, thereby adding to the Bitcoin demand.

In addition, US Federal Reserve Chair Jerome Powell's hints of possible suspension of interest rate hikes may have also had an immediate effect on Bitcoin price.

According to a report by Coinpedia, on October 19, Bitcoin surged by about 3.7 per cent after Powell's remarks.

Apart from the above mentioned factors, the crypto market sentiment was further boosted by a drop in charges against Ripple executives in the XRP vs SEC lawsuit. The XRP price rose over 8 per cent on Thursday and likely affected Bitcoin's price as well, considering that cryptocurrency is an integrated market.



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Sunday, 22 October 2023

Search for suspect in fatal shooting of Maryland judge continues for a fourth day

Authorities completed their search of an area where the suspect's SUV was found.

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Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says

An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a ...

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