Author: Press Room
By Ambar Warrick Investing.com — Gold prices rose for a fourth straight session on Friday following more signs that U.S. inflation was easing, while persistent fears of a 2023 recession also underpinned safe haven demand for the yellow metal. Data on Thursday showed that U.S. inflation grew at a slower pace in March, coming a day after data showed also eased. The readings furthered expectations that inflation was retreating, which could invite a less hawkish Federal Reserve. The sank to a near one-year low after the data, while Treasury yields also retreated, benefiting gold prices. Safe haven demand for the…
By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Monday, bouncing off last week’s one-year low after strong earnings from some of Wall Street’s banking giants diluted concerns about the sector, raising expectations of another interest rate hike by the Federal Reserve. At 01:55 ET (05:55 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 101.360. The index posted its fifth straight weekly loss on Friday, when it fell to a new one-year low of 100.78 in the wake of the U.S. recording the biggest drop…
By Ethan Wang, Ryan Woo and Lisandra Paraguassu BEIJING/BRASILIA (Reuters) – Brazil reset its diplomatic ties with China, its largest trading partner, with a state visit on Friday where they agreed to boost investments and cooperation on technology and sustainable development, while urging peace talks in Ukraine. Brazilian President Luiz Inacio Lula da Silva and several of his ministers signed the accords with President Xi Jinping and other Chinese officials in Beijing. Xi said China has made relations with Brazil a diplomatic priority and the two countries should deepen practical cooperation in sectors including agriculture, energy, and infrastructure construction, state…
Regional banks in the U.S. have not recovered from March’s banking turmoil. This coming week stock investors will be primarily focused on regional banks’ earnings releases happening mostly Tuesday – Thursday.[1] Instead, bond investors and lenders should be more focused on regional banks’ provisions for credit losses, their liquidity ratios, the size and diversity of their depositors, and common equity. Market Signals Move Faster Than Ratings Regional banks began 2023 in reasonably good financial health. Unfortunately, the banking turmoil sparked by Silicon Valley Bank’s mismanagement has caused many depositors to leave regional banks for the much larger banks. A lot…
Google and Alphabet CEO Sundar Pichai said “every product of every company” will be impacted by the quick development of AI, warning that society needs to prepare for technologies like the ones it’s already launched.In an interview with CBS’ “60 Minutes” aired on Sunday that struck a concerned tone, interviewer Scott Pelley tried several of Google’s AI projects and said he was “speechless” and felt it was “unsettling,” referring to the human-like capabilities of products like Google’s chatbot Bard.”We need to adapt as a society for it,” Pichai told Pelley, adding that jobs that would be disrupted by AI would…
Dominion Voting Systems’ high-stakes defamation trial against Fox News, which was supposed to begin Monday, was abruptly delayed on Sunday evening, in a stunning eleventh-hour twist that threw into question whether a settlement was in the works. Opening statements were expected on Monday, but the Delaware Superior Court said in a surprise announcement that “the start of the trial” will now be Tuesday. The judge’s statement did not provide an explanation for the delay. “The Court has decided to continue the start of the trial, including jury selection, until Tuesday, April 18, 2023 at 9:00 a.m. I will make such…
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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Web3 Berlin is set to host an annual event on the 10th and 11th of June at the Estrel Congress Center. The conference promises to be an unforgettable experience where attendees can focus on networking, onboarding, and education about Web3, and most importantly, it aims to be the biggest Crypto & NFT event in Europe.The conference has already established itself as a major event on the Web3 calendar, having signed up more than 80 partners, including leading companies and organizations in the industry, such as Solana, Dash,…
A woman said that soon after her iPhone was stolen, she was locked out of her Apple account. Reyhan Ayas said Apple was “not helpful at all” after $10,000 was taken from her bank account. She told Insider: “Once someone gets into that security environment, it turns against you.” 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 Reyhan Ayas was leaving a Manhattan bar in November when a man snatched her phone and ran off. She said Apple was unhelpful when she tried to…
Theranos founder Elizabeth Holmes is set to report to prison in a matter of weeks. On Monday, a judge denied her request to remain free on bail while she appeals her conviction. Holmes was convicted on 4 counts of fraud and conspiracy and sentenced to more than 11 years in prison. 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 Elizabeth Holmes is set to report to prison later this month after losing her bid to stay out while she appeals her conviction.Late Monday, a…
