Author: Press Room

Canadians claimed more than $122 million in federal subsidies for new electric vehicles since Ottawa reintroduced its rebate program in February, but many car dealers say they’re still waiting to get the funds they are owed. Transport Canada published the database for the new electric vehicles affordability program, known as EVAP, on Tuesday, three months after relaunching the program on Feb. 16.The database shows 24,389 claims were recorded but doesn’t yet have a breakdown of the dollar figure per claim because of a technical glitch.A department spokesperson, responding to inquiries from The Canadian Press, said it will update the data…

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BEIJING: China has appointed veteran banker Ding Xiangqun as the Communist Party committee chief of the National Financial Regulatory Administration, according to a statement released by the regulator on Friday (May 29).Ding, most recently chairperson of state-owned insurance giant the People’s Insurance Company (Group) of China, is also likely to become the director of the top regulatory body, with both roles traditionally held by the same person. Beijing is taking steps to stabilise leadership at the NFRA after former head Li Yunze was demoted in April due to what was treated as a suspected disciplinary violation, Reuters reported.More widely, the government is in…

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A DTCC collateral eligibility update circulated across Crypto Twitter this week and triggered an immediate retail panic with holders dumping Ripple XRP and rotating into XLM on the belief that the Depository Trust and Clearing Corporation had effectively blacklisted Ripple’s token from institutional infrastructure. It did not. The DTCC’s collateral eligibility lists are post-trade operational reference tools, not exchange directives, and analysts are calling the resulting price dip exactly what it is: a FUD-driven capitulation event, not a structural delisting. Why the DTCC + Stellar ($XLM) announcement is not bad for $XRP – and why we may not even need…

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Federal Reserve Governor Michelle Bowman on Friday cautioned against raising interest rates to address the current spike in prices.With inflation running well above the central bank’s 2% target, markets are expecting the Fed to stay on hold this year then possibly start raising rates in early 2027. Current pricing is indicating virtually no chance of cuts anytime through at least 2027.But Bowman said adjusting policy to offset energy-driven inflation surges has proven ineffective.”Reacting to temporarily elevated energy price inflation would add unwarranted policy restraint, weighing unnecessarily on economic activity and labor market conditions,” the policymaker said at a conference in…

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Washington — A federal judge on Friday temporarily blocked the Justice Department from moving forward with work on the new $1.7+ billion Anti-Weaponization Fund, including making any payouts.U.S. District Judge Leonie Brinkema said in a brief order that the temporary hold allows her time to consider whether to grant longer-term relief sought by a group of plaintiffs who are challenging the new fund, which was announced by the Justice Department earlier this month.Andrew Floyd, a former federal prosecutor who investigated and prosecuted people involved in the Jan. 6, 2021, assault on the U.S. Capitol, and Jonathan Caravello, a California professor who…

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Wall Street opened higher on Friday as investors weighed reports of a possible agreement between the United States and Iran alongside continued optimism surrounding artificial intelligence-driven earnings growth.The Dow Jones Industrial Average rose about 169 points, or 0.33%, while the S&P 500 and Nasdaq Composite gained 0.24% and 0.29%, respectively.The cautious gains followed another record-setting session for US equities on Thursday, with the major indexes continuing a rally fueled by strong technology earnings and easing concerns surrounding Middle East tensions.According to Reuters sources, Washington and Tehran agreed to extend their ceasefire and remove restrictions on shipping through the Strait of…

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Test your news knowledge with this week’s Fox News Digital News Quiz, featuring former First Lady Jill Biden’s concerns for former President Joe Biden’s performance in a high-stakes event, and actor Russell Crowe’s bitter confrontation outside of a Paris hotel.Looking for another challenge?A Trump-backed challenger defeated incumbent Rep. Thomas Massie in Kentucky, and a beloved American beer brand shut down featured in last week’s News Quiz.Test your knowledge of remarkable grocery giants, Lincoln landmarks and more in this week’s American Culture Quiz.CLICK HERE TO DOWNLOAD THE FOX NEWS APPIf you’re looking to play even more, you can find all of…

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NEWYou can now listen to Fox News articles! Clint Black didn’t think he would live past 21.The country music star has written a new memoir, “Killin’ Time,” named after his triple-platinum 1989 debut album. The book explores the Grammy winner’s upbringing and how he rose to fame, selling more than 20 million records.Black’s early years were anything but joyful. In the book, he admitted he was shocked to reach 17 — and convinced he wouldn’t make it to 21. “Surely,” he wrote, “I wouldn’t make it to the ripe old age of 21.”JEWEL SAYS OFF-GRID ALASKA UPBRINGING WITHOUT ELECTRICITY OR…

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