State Ohio Financial News

House Republicans who say the Federal Trade Commission has been overzealous and politicized under President Joe Biden are interrogating agency head Lina Khan

Washington Examiner writer Tiana Lowe on President Trump's criticism of General Motors over the automaker's decision to close its plant in Lordstown, Ohio and the potential impact of Trump's threat of more auto tariffs.

After no winning ticket was sold for the Monday Powerball drawing, the grand prize jumped to an estimated $725 million– the seventh largest Powerball jackpot, according to a report by CNN on Tuesday.  The next Powerball drawing will be on Wednesday for the massive prize, which has an estimated $366.2 million lump-sum cash value before tax, according to Powerball. The winning numbers for Monday’s Powerball drawing were 2, 24, 34, 53, 58 and red Powerball 13.

By Abhirup Roy

Powerball drawing, causing the grand prize to soar to an estimated $725 million. This staggering amount now ranks as the seventh largest Powerball jackpot ever, as confirmed by lottery officials. The upcoming drawing for this massive prize is scheduled for Wednesday. Prior to tax deductions, the estimated lump-sum cash value stands at $366.2 million, according to Powerball. The winning numbers for Monday's draw were 2, 24, 34, 53, 58, with a red Powerball number of 13. Despite the absence of a jackpot winner, there were still fortunate individuals who secured prizes. In California and Iowa, two tickets matched all five white balls, with the California ticket winning a $1 million prize and the Iowa ticket claiming $2 million by utilizing the Power Play feature. Furthermore, 28 tickets that won $50,000 prizes, along with 12 tickets. These tickets secured $100,000 prizes, according to Powerball. The streak of consecutive drawings without a major winner has now reached 35. The most recent instance of someone matching all five white balls and the red Powerball occurred on April 19, when an individual in Ohio won a grand prize of $252.6 million. California witnessed the largest-ever Powerball prize, with a remarkable $2.04 billion being won on November 7.

The railroad industry has sued to block a new minimum crew-size requirement that Ohio imposed after a fiery train derailment in East Palestine in February

JSW Steel, on Thursday, posted its fiscal first quarter results for the financial year 2023-24 with 11 per cent on-year growth in consolidated crude steel production at 6.43 million tonnes (MT) as against 5.77 MT in the April-June quarter of last year, the company said in a regulatory filing. However, on a quarterly basis, steel production fell by 2 per cent in comparison to 6.58 MT output in the fourth quarter of FY23. 

The return-to-office discussion has upended the workplace. Sparsely populated workplaces are affecting corporate cultures and workers’ ambitions, bosses say, leading some to step up their return-to-office mandates. Rank-and-file workers, meanwhile, are reluctant to give up the flexibility gained during the pandemic, with long commutes, caregiving duties and high costs among the motivators keeping them at home, at least some of the time, they say.

Caleb Willingham passed away at 40. He had appeared on the TLC reality show 1000-Lb. Sisters, as the husband of contestant Tammy Slaton.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: RIDE files Chapter 11; Tesla sees continued expansion for its charging standard; and TSP puts up for-sale signs.

On June 28th, the Commodity Futures Trading Commission (CFTC) announced that Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York had issued a default judgment that granted a permanent injunction against Michael Ackerman, a resident of Alliance, Ohio. 

A Web3 app launched on June 27 lets users prove their social credibility using blockchain technology, according to an announcement from the app’s development team. Called “Quivr,” it lets users connect apps they regularly use, such as Spotify, Steam, Apple Music and others. Based on their behavior in these apps, Quivr generates blockchain badges that prove their interests or membership within communities, which can then be used as a way of identifying users who have common interests.

Members of the United States House of Representatives are pushing for ways to remove Securities and Exchange Commission (SEC) chair Gary Gensler from his position, but the legality may be more complicated than a single piece of legislation.

A tentative deal aimed at stopping the United States government from defaulting on its debts would likely eliminate a proposed tax on the energy usage of cryptocurrency miners, according to Ohio Rep. Warren Davidson.

Following some of its leadership team visiting the United Arab Emirates, crypto exchange Coinbase has announced the formation of an advisory council staffed with many former United States lawmakers and industry leaders

Former US lawmakers Patrick Toomey, R-Pa., Tim Ryan, D-Ohio., and Patrick Maloney, D-N.Y will join Coinbase’s newly launched Global Advisory Council to guide its leadership team.

An artificial intelligence (AI) chatbot dubbed "Wendy’s FreshAI," will take orders from Wendy's drive-thru customers after the fast-food chain partnered with Google Cloud to create the bot.

U.S. Congressional Republican lawmakers demanded answers from the White House’s Council of Economic Advisers about the council’s “rationale” on issues ranging from legislation to central bank digital currencies.

FTX announced that it has entered into a purchase agreement with an affiliate of Miami International Holdings to sell its futures and options exchange and clearinghouse LedgerX. 

Two of the country’s largest utility companies are weighing potential sales of parts of their natural-gas pipeline networks as efforts to phase out in-home gas use accelerate.

Crypto could save Americans billions of dollars in costs related to remittance payments to places like Asia and Latin America, data compiled by Coinbase shows.