Scott Bessent shuts down report of potential U.S. currency market intervention; U.S. dollar rebounds

Scott Bessent shuts down report of potential U.S. currency market intervention; U.S. dollar rebounds

Treasury Secretary Scott Bessent on Wednesday shut down reports that the U.S. could step into the currency market with the Japanese yen on intervention watch and the American dollar hitting multiyear lows. “Absolutely not,” Bessent told CNBC’s Sara Eisen, responding to a question about if the U.S. is intervening in the currency market or strengthening…

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Crypto.com and Underdog partner to offer sports prediction markets

Crypto.com and Underdog partner to offer sports prediction markets

Crypto.com logo displayed on a phone screen with representation of cryptocurrencies. Nurphoto | Nurphoto | Getty Images Fantasy and sports gaming operator Underdog is partnering with Crypto.com to offer sports prediction markets in 16 states, mostly focused on where legal sports betting has not been adopted, the companies told CNBC on Tuesday. “Prediction markets are…

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Venice Film Festival kicks off with Paolo Sorrentino’s ‘La Grazia’

Venice Film Festival kicks off with Paolo Sorrentino’s ‘La Grazia’

VENICE, Italy — The Venice Film Festival is kicking off with the world premiere of Paolo Sorrentino’s “La Grazia” on Wednesday. The 82nd edition of the glamourous international film festival is playing host to many Hollywood stars, including George Clooney, Julia Roberts and Dwayne Johnson, and famed auteurs, from Guillermo del Toro to Kathryn Bigelow,…

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