U.S. House censures prominent Democrat for work on Trump probes

By Gram Slattery WASHINGTON (Reuters) – The U.S. House of Representatives approved a Republican effort on Wednesday to censure Representative Adam Schiff, a rare move intended to punish the Democrat for his leading role in investigating the conduct of Donald Trump when he was president. The measure’s sponsor, far-right Republican Representative Anna Paulina Luna, argued…

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Wall Street extends sell-off as Powell hints at further rate hikes

By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Wednesday as Federal Reserve Chairman Jerome Powell’s congressional testimony reinforced the central bank’s objective to rein in inflation as he hinted at the likelihood of further interest rate hikes. All three major U.S. stock indexes notched their third straight daily declines, with megacap…

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Bitcoin eyes third straight day of gains after touching two-month high

(Reuters) – Bitcoin rallied for a third straight day after hitting its highest level since mid-April, boosted by BlackRock’s plan to create a bitcoin exchange-traded fund (ETF) even as the sector faces U.S. regulatory scrutiny. BlackRock, the world’s biggest asset manager, filed last week for the exchange which would allow investors to get stakes in…

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