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Category: sweeping

  • Oil touches $80 per barrel as sweeping sanctions against Russia rattle markets

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    Investor Empires

    Oil prices jumped to their highest level in three months on Friday, as traders digested New comprehensive sanctions Against Russia as the Biden administration attempts to cut off Moscow from crude oil revenues amid the ongoing war in Ukraine. West Texas Intermediate (CL=F) crude oil rose more than 3.5% to…

  • Federal judge derails FTC’s sweeping ban on non-compete agreements

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    Investor Empires

    A federal court in Texas has blocked a new rule from the Federal Trade Commission that states: It would have made it easier. Employees may leave their jobs and work for a competing company. In a ruling issued Tuesday, U.S. District Judge Ada Brown granted a motion for summary judgment…

  • Paramount’s board approves bid by David Ellison’s Skydance Media in sweeping Hollywood deal

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    Investor Empires

    Paramount Pictures is the oldest film studio in Hollywood. (Brian Van Der Brug / Los Angeles Times) Technology billionaire David Ellison’s months-long quest to win control of Paramount Global approached the finish line on Sunday, in a deal that marks a new chapter for the long-suffering media company that is…

  • Sweeping FIT21 Crypto Bill Passes

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    Investor Empires

    The Congress Passed The Financial Innovation and Technology for the 21st Century (FIT21) Act passed by 279 to 136. The bill, seen as a major win for the cryptocurrency industry, aims to create a long-awaited regulatory framework for digital assets in the United States. FIT21: Bipartisan support, but hurdles remain…