Author: Press Room

U.S. inflation reports are no longer eliciting the outsize swings in U.S. stocks that investors witnessed during 2022. One longtime stock-market strategist and trader offered an explanation in an interview with MarketWatch. After more than a decade of near-irrelevance, monthly reports on consumer-price inflation emerged as marquee events for markets last year, surpassing even the monthly nonfarm payrolls number released by the Department of Labor in terms of their impact. The S&P 500 recorded its biggest daily swings of 2022 following the release of monthly CPI numbers, including on Sept. 13, when hotter-than-expected August data sent the S&P 500 down…

© Reuters. FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson By Jaiveer Shekhawat and Davide Barbuscia (Reuters) – BlackRock Inc (NYSE:) expects dislocations created by a recent banking rout to present “enormous” opportunities to expand its business, as investors shift allocations to avoid abrupt market gyrations and profit from a higher interest rate environment. The world’s largest asset manager reported an 18% drop in first-quarter profit on Friday but beat analysts’ estimates as investors continued to pour money into its funds. The New York-based firm, which makes most…

By Andrew Hay (Reuters) – More than 18,000 cows died after an explosion and fire at a family dairy farm in west Texas, marking the deadliest such barn blaze on record in the United States. Firefighters rescued one employee from the South Fork Dairy near Dimmitt on Monday as flames raced through a building and into holding pens, according to images and statements from the Castro County Sheriff’s Office. The cause of the fire was under investigation and it was not immediately possible to contact members of the family who own the farm in one of Texas’ biggest milk production…

By Herbert Lash and Harry Robertson NEW YORK/LONDON (Reuters) – The dollar rose on Monday after New York state factory activity in April increased for the first time in five months, helping bolster expectations the Federal Reserve will raise interest rates in May. Also bolstering the dollar was a report showing confidence among U.S. single-family homebuilders improved for a fourth straight month in April. The , a measures of the currency against six major peers, rose 0.413% after the Empire State Manufacturing index shot to 10.8 from -24.6 in March, far higher than expectations of -18 in a Reuters poll…

By David Lawder WASHINGTON (Reuters) -European Commission Executive Vice President Valdis Dombrovskis said on Friday that the bloc wants to move quickly on a trade agreement with the United States for electric vehicle battery minerals and was optimistic on reaching a green steel and aluminum pact with Washington by October. Dombrovskis, the EU’s top trade official, told reporters that he could not provide any details on timing for reaching a U.S.-EU deal after Washington and Tokyo’s quick agreement in late March. The U.S. Treasury on Tuesday is expected to reveal which vehicles would see reduced access to U.S. tax credits…

Global Cannabis Holdings (GCH) plans to launch the GCH Token, a new investment solution for the cannabis market. GCH owns equity stakes in 38 companies and projects in the industry and aims to make it easy and affordable for investors to enter the global cannabis market using this new tokenized investment instrument. Ahead of the official announcement, sources have revealed exclusively that the GCH Token will leverage blockchain technology, showcasing a diversified assortment of cannabis businesses worldwide. Consequently, investors will have the chance to profit from the industry’s expansion while reducing exposure to individual companies or country-specific risks. The Compliance…

Key takeaways The EV industry is taking off and is set to expand in the next decade Aside from EVs, stocks on batteries and infrastructure are also doing well at the moment But there are some tensions and pain points in the industry that savvy investors should take heed of The world is ready for electric vehicles (EVs) to take over – and so is Wall Street. The industry has swelled in size since Tesla disrupted the car industry, with EVs set to take on trucks and buses in the near future. The infrastructure for EVs is ramping up too,…

The Supreme Court has denied a request to delay student loan debt relief under a landmark settlement agreement that will provide billions of dollars in student loan forgiveness. The ruling hands borrowers a victory, and gives the Biden administration a green light to continue implementing relief under the agreement. But legal battles over student loan cancellation continue. Here’s what the ruling means for borrowers, and what to expect in the coming months. Supreme Court Allows Billions in Student Loan Forgiveness To Continue Under Settlement The Supreme Court’s ruling last week was about a sweeping settlement agreement designed to resolve Sweet…

Does naming and shaming tax debtors and tax defaulters violate their human rights? Particularly their human right to privacy? From the perspective of several tax authorities around the world, the answer is no. Their common argument is that taxpaying is a public activity, and debtors and defaulters who shirk their public duty should not be hidden. Rather, public naming and shaming is a way to ensure that taxpayers honor their civic obligation, and it nudges other taxpayers into compliance. However, reasonable minds may differ on whether public naming is the best way to enforce compliance, and it’s a question that…

Ryan Saghian has become a true fixture on the design scene in Los Angeles. The 30-year-old Iranian-American designer has a career that’s currently on fire. In 2022, he released a gorgeous coffee table book called Unapologetically Chic. Then, in 2023, he received an inaugural Stars on the Rise Award at the annual Pacific Design Center’s 23rd Stars of Design Ceremony. Considered the “Oscars of Design,” it was particularly meaningful for the native Angelino. “It’s surreal to receive an award of this stature, in the place I have admired for so many years. “To be recognized by my peers is an…