By Mike Scarcella(Reuters) – The U.S. government set up a likely court showdown over the scope of TikTok’s free speech protections under the U.S. Constitution after President Joe Biden signed legislation on Wednesday to ban the social media platform from app stores unless its Chinese owner sells it.While the bill…

The Pound Sterling rises to 1.2500 on multiple tailwinds. BoE Governor Andrew Bailey expects a sharp drop in April’s inflation. The US Dollar remains under pressure ahead of US Q1 GDP and core PCE Inflation data. The Pound Sterling (GBP) advances to near the psychological resistance of 1.2500 against the…

BlackRock’s Bitcoin ETF streak of daily inflows came to a halt on April 24, marking a significant milestone in the cryptocurrency market. Despite the recent setback, other funds like the Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF continued to attract capital. “This shift could signal a momentary…

POLITICS

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In a Supreme Court hearing on the Biden administration’s challenge to aspects of Idaho’s strict abortion ban, US Solicitor General Elizabeth Prelogar sought to appeal to conservative justices who just two years ago ruled that states should have the ability to prohibit the procedure. The dispute, stemming from the Justice Department’s marquee response to the high court’s reversal of Roe v. Wade in 2022, turns on whether federal mandates for hospital emergency room care override abortion bans that do not exempt situations where a woman’s health is in danger but her life is not yet threatened. To prevail, the Biden…

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Investing

Clear is a service that lets people skip the security line at airports with nothing but a biometric scan and $189. Some California lawmakers want to make changes to it in the state, saying it separates travelers into haves and have-nots. California lawmakers voted 8-4 to move a bill out…