Author: Press Room

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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NEWYou can now listen to Fox News articles! An Amtrak work train fire erupted near New York’s Penn Station Friday morning, reportedly injuring five individuals.The New York City Fire Department (FDNY) said a call was received at about 1:32 a.m. Friday about a work train fire on track 11 at Penn Station on 31st Street between 7th Avenue and 8th Avenue.The blaze reached a second alarm at 2:43 a.m., and 46 units and 141 fire and EMS personnel responded, the FDNY confirmed to Fox News Digital.Five civilians were hurt. Two were seriously injured and transported to Bellevue Hospital, while three…

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By Craig Lord The Canadian Press Posted May 29, 2026 8:41 am Updated May 29, 2026 8:44 am 1 min read Descrease article font size Increase article font size Statistics Canada says economic growth as measured by GDP stalled in the first quarter and real gross domestic product was slightly negative on an annualized basis. The agency mainly blames higher imports of gold and a weak month for Canada’s resource extraction industries in March for dragging down recent economic activity. Get breaking National news Get breaking Canada news delivered to your inbox as it happens so you won’t miss a…

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Police are investigating an incident involving North Melbourne player Lachy Dovaston. Dovaston was present as a group of people launched eggs into a Rowville carpark late on Thursday night. 7NEWS understands the group missed their intended targets, but police are still questioning them over the intentions of their actions. Police say the occupants of two different vehicles were throwing eggs. North Melbourne are aware of the incident but have opted not to comment. In a statement provided to 7NEWS, a police spokesperson said: “Police were called to a shopping centre on Stud Park in Rowville on 28 May. “It’s understood…

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