Author: Press Room
By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Monday, but was on track for a second straight monthly loss ahead of the release of more economic data which is likely to shed more light on the future path of interest rates. At 02:55 ET (06:55 GMT), the , which tracks the greenback against a basket of six other currencies, traded marginally higher at 101.575, but was still on course for a monthly loss of around 1%, having fallen over 2% in March. Concerns that the U.S. economy is heading for a sharp slowdown have…
BEIJING (Reuters) – China’s ruling Communist Party has passed guidance for promoting the development of private firms, state media said on Friday, signalling more steps to reinvigorate a sector hurt by a round of regulatory curbs. China will optimise the development environment for the private sector and will remove institutional barriers that prevent firms from participating in fair market competition, state media quoted a meeting of a committee on deepening reforms, chaired by President Xi Jinping. “It is necessary to fully consider the characteristics of the private economy, improve policy implementation, strengthen policy coordination, promote precise and direct preferential policies…
Halliburton stock (NYSE: HAL), an energy company organized into the exploration, development, and production of oil and natural gas, is scheduled to report its fiscal first-quarter results on Tauesday, April 25. We expect HAL’s stock to trade higher due to revenues and earnings beating expectations marginally in its first quarter. Halliburton HAL possesses strong positions to benefit from the current crude oil price cycle which is expected to last for some time due to underinvestment in oil and gas upstream capex in recent years. In 2022, higher oil and gas prices gave producers the confidence to increase their capital spending…
When it comes to 401(k) savings, women are doing better than men in every way — except their account balances. That’s according to a recent study examining the different ways male and female savers treat their workplace retirement plans. Not only did women demonstrate better savings habits than men, but they also enrolled in their plans at higher rates and contributed a bigger cut of their paychecks. However, men had 44% more savings in their accounts which the study concluded had less to do with saving patterns than with income inequality. Among the study participants, men’s incomes, on average, were…
U.S. residents are spending more money to purchase legal cannabis than they are on chocolate, craft beer and topical pain relief. A report from MJBizDaily showed Americans spent roughly $30 billion on legal marijuana in 2022 while only spending around $20 billion on chocolate.The cannabis purchases eclipsed sales of “feel-good” products, including beer, opioid medications and topical pain relief, the report stated. Though the legal purchase of marijuana is becoming increasingly popular, sales still fell behind the tobacco industry, which made around $53 billion last year despite a steady decline. LEGAL MARIJUANA GROWERS ALONG THE WEST COAST STRUGGLE WITH OVERSUPPLY,…
Wrexham, the Welsh soccer club owned by Hollywood A-listers Ryan Reynolds and Rob McElhenney, secured promotion back to the English Football League (EFL) system for the first time in 15 years.A 3-1 victory on Saturday over London-based Boreham Wood saw the club win the Vanarama National League title, powered by two second-half goals from talismanic striker Paul Mullin.The win meant Wrexham wrapped up the league title with one game to spare after a fierce challenge from Notts County. It will see the club ascend next season from the National League, the fifth tier of the English football pyramid, into the…
Credit Suisse bled customer deposits worth 67 billion Swiss francs ($75.2 billion) in the first three months of the year, and money is still leaving the bank as UBS races to complete a rescue of its stricken rival. The bank run was “most acute” in the days just before and just after the announcement of the takeover by UBS (UBS) on March 19, Credit Suisse said in a statement Monday. Outflows have since “stabilized to much lower levels, but had not yet reversed as of April 24, 2023,” the bank added. Credit Suisse (CS) also reported net asset outflows of…
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The XRP price has dropped by 2% in the past 24 hours, falling to $0.462049 in the wake of the cryptocurrency market’s correction in the latter half of last week.The altcoin’s current price means it has fallen by 11% in a week, although it remains up by 8% in the last 30 days and by 35% since the start of 2023.The coin has also actually recovered by 4% since falling to a seven-day low of $0.44383 on Friday, and with it regaining some momentum after being oversold, it could potentially retake the $0.50 level this week.Such a move would be…
Snapchat launched its My AI feature to Snapchat+ subscribers in February. Now that the chat bot is available to all, memes and concerns about the feature are emerging. Insider asked My AI questions about food and location to test out how much the bot knows. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Snapchat’s My AI chat bot is now available to non-paying users, and it’s already the subject of hilarious memes and genuine concerns.In February, Snap rolled out the feature powered by OpenAI’s…
