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The Pound Sterling gains against the US Dollar on stronger-than-expected UK CPI data.The UK Service CPI accelerated to 5.4% in April from 4.7% in March.Moody’s downgrade to the US credit keeps the US Dollar on the backfoot.The Pound Sterling (GBP) trades close to a fresh three-year high around 1.3470 against the US Dollar (USD) during North trading hours on Wednesday, posted earlier in the day. The GBP/USD pair advances on the release of the hotter-than-expected United Kingdom (UK) Consumer Price Index (CPI) data for April. As measured by the CPI, the UK headline inflation rose at a robust pace of…

Russian expatriates employed by Russian companies saw their average wages rise 14% over the past year, the Kommersant business newspaper reported Wednesday, citing a survey of freelance workers. The highest demand for remote workers was in Russia’s IT, advertising, edtech and other creative sectors, while manufacturing, healthcare, transport and construction continued to rely on Russia-based specialists, the newspaper said. Among IT workers, web developers saw the largest wage increases, with average monthly pay up 26%, followed by a 15% rise for programmers. The figures were based on a survey of more than 2,000 freelance workers conducted by the Russian platform Solar…

UnitedHealth Group, the nation’s largest healthcare conglomerate, has secretly paid nursing homes thousands in bonuses to help slash hospital transfers for ailing residents – part of a series of cost-cutting tactics that has saved the company millions, but at times risked residents’ health, a Guardian investigation has found.Those secret bonuses have been paid out as part of a UnitedHealth program that stations the company’s own medical teams in nursing homes and pushes them to cut care expenses for residents covered by the insurance giant.In several cases identified by the Guardian, nursing home residents who needed immediate hospital care under the…

Blackstone, which bills itself as the “the world’s largest alternative asset manager,” disclosed its first-ever crypto-related purchase, buying shares in BlackRock’s spot Bitcoin exchange-traded fund.However, Blackstone’s investment, reported in a May 20 filing with the US Securities and Exchange Commission, only totaled around $1.08 million — a fraction of the asset manager’s $1.2 trillion portfolio.Blackstone reported holding 23,094 shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT) as of March 31.The IBIT shares were added to Blackstone’s Alternative Multi-Strategy Fund (BTMIX), which holds $2.63 billion worth of assets, Google Finance data shows.The filing shows Blackstone also bought 4,300 shares in crypto…

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Teaming up with another freelancer can be a game-changer, transforming your solo venture into a more resilient business SPECIAL REPORT For years, the image of the lone wolf freelancer has been glorified. Yet, a growing number of freelancers are discovering a powerful strategy to scaling their earning power and diversifying their client base: collaboration with fellow freelancers. For the naysayers who believe collaboration can’t be done, they only need to be reminded that a single freelancer’s capacity is finite. Sure, an AI agent can help in many ways, but there are only so many hours in the day. One freelancer…

In brief The SEC has delayed its decision on separate proposed ETFs tracking, respectively XRP and Dogecoin. A number of top asset managers are trying to launch altcoin ETFs following the success of Bitcoin funds last year. The SEC on Monday delayed its decision on multiple Solana-tracking funds. The U.S. Securities and Exchange Commission has delayed its decisions on rules changes that would allow exchange-traded funds proposed by 21Shares tracking XRP and Grayscale based on the price of Dogecoin to begin trading according to filings on Tuesday.”The Commission is instituting proceedings to allow for additional analysis” that will help determine if…

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(Composite / Photos: GettyImages / Shutterstock)With just hours to go before a critical committee vote, there are still quite a few Republicans unwilling to support Donald Trump’s “big, beautiful” budget in its current form. Their recalcitrance prompted House Speaker Mike Johnson to bring the president to Capitol Hill to make the case to lawmakers himself. A visit from the boss is often all that skittish House Republicans need to find their courage to do ultra-MAGA things—even those their constituents might hate. But Trump’s lack of interest in policy details and his freewheeling style meant Republicans on Tuesday left the room…