Author: Press Room
By Ambar Warrick Investing.com — Gold prices steadied in early Asian trade on Monday, holding on to key levels after hawkish comments from Federal Reserve officials on the path of interest rate hikes triggered a heavy dose of profit taking in the prior session. The yellow metal sank nearly 2% on Friday after noted Fed hawk, Governor Christopher Waller, called for more monetary tightening even as recent data showed that retreated steadily from 40-year highs hit last year. His comments offset recent speculation that the Fed was close to hitting its terminal rate, and that a pause in its current…
By Ambar Warrick Investing.com — Most Asian currencies fell on Friday as weak economic readings pushed up concerns over a potential recession this year, while the Japanese yen rose as signs of stubborn inflation ramped up bets that the Bank of Japan will eventually tighten policy this year. The rose 0.3%, as Japanese inflation remained steady in March from the prior month, at 3.1%. While the reading was well below 40-year peaks seen earlier this year, it showed that inflation still remained stubbornly above the BOJ’s 2% annual target. This spurred some bets that the central bank will eventually tighten…
By Huw Jones LONDON (Reuters) – The rest of the world should copy European Union rules for cryptoassets to create a robust global approach that protects consumers and financial stability, the EU’s financial services chief said on Wednesday. The European Parliament is due on Thursday to rubber stamp the EU’s markets in cryptoassets regulation (MiCA), the world’s first comprehensive set of rules for the hitherto unregulated sector. EU states have already given their approval. The crypto sector has been rocked by the failure of crypto exchange FTX and other collapses, sending benchmark bitcoin prices tumbling, though it has begun to…
Psychology will play a major role in determining the degree to which the global community succeeds in mitigating the effects of anthropogenic global warming. This is why, on Earth Day 2023, we all need to be thinking about how people are wired to process climate information, how to learn from past mistakes, and how to seize new investment climate opportunities—if we are smart. Research by psychologist Lola Lopes indicates that there are three key emotions which influence how people take risk, namely fear, hope, and the need to feel successful (which she calls aspiration). Certainly, the consistent message from the…
BEIJING — German automaker Volkswagen is investing about $1 billion in China for electric car development, and releasing a vehicle targeted at a higher end of the market.The company announced at the Shanghai auto show this week it is investing around 1 billion euros (about $1.1 billion) in an electric car development and business center in Hefei — a city near Shanghai that’s become an auto hub, home to Nio’s China office and others.related investing newsGerman investment in China grew by nearly 61% in the first quarter from a year ago, China’s Ministry of Commerce said Thursday. Overall, foreign investment…
Johnson & Johnson (JNJ) before-the-bell Tuesday reported a strong first quarter, with sales up more than 5.5% and earnings eking out an annual increase. Shares of the Dow component and Club holding should not be losing 2.5% on these kinds of results. J & J’s first-quarter sales of $24.75 billion exceeded the Refinitv consensus estimate of $23.67 billion. On an adjusted operational basis, which excludes the impact of acquisitions and divestitures as well as currency fluctuations, sales rose 9% year over year. Adjusted diluted earnings came in at $2.68 per share, a solid beat versus the $2.50 per share estimate.…
A top lawyer for Smartmatic, the voting technology company whose defamation lawsuit against Fox News is still pending, said Thursday that he won’t accept any settlement smaller than the $787 million Fox agreed to pay Dominion, and that his client needs a “full retraction” from the right-wing network disavowing the lies it spread about the 2020 presidential election. “They need to get an apology. They need to get a full retraction,” Smartmatic lawyer Erik Connolly told CNN’s Jake Tapper on “The Lead.” That is something Dominion Voting Systems wasn’t able to extract from Fox as part of its historic $787…
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Bitcoin could be in for a quick rebound back above the $30,000 level in the coming days if it follows in the footsteps of a historic trading pattern that looks to be unfolding.According to an article released by Bloomberg, after Bitcoin has jumped by at least 3% one day only to then give back the entirety of this gain the next day during a broadly bullish period for the cryptocurrency, it typically rebounds by around 7% within a three-to-10-day period.For reference, Bitcoin jumped 3% on Tuesday, before dropping 5% on Wednesday, meaning it is in the early stages of trading…
Happy holidays, buds! Dan DeFrancesco in NYC, and I’ll leave our list of the marijuana-testing policies at all the major banks right here just in case… Today we’ve got stories on how one hedge fund is leveraging the public cloud to build cutting-edge tools, why Taylor Swift is the queen of pop AND due diligence, and where to get the best iced coffee.But first, tell me a bit about yourself.If this was forwarded to you, sign up here. Download Insider’s app here.1. The dos and don’ts of hiring. Hiring is never easy, but it’s particularly difficult on Wall Street. Not only is…
