Author: Press Room
By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Wednesday, as traders cautiously await the release of the latest U.S. inflation data which could influence future Federal Reserve monetary policy. At 03:05 ET (07:05 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 101.700. rose 0.2% to 1.0930 and traded 0.1% higher at 1.2431 in tight trading ranges. The main focus Wednesday will be the March U.S. CPI, as traders try to work out the U.S. central bank’s next move. The general perception is that the…
By Anna-Catherine Brigida and Walter Bianchi BUENOS AIRES (Reuters) – Argentina has patched up its wobbly economy with a so-called “soy dollar” preferential exchange rate to boost grains exports and bring in much-needed foreign currency, which analysts said would give the government breathing room, at least temporarily. The measures, which kicked in fully on Monday, give soy exporters a better exchange rate than the controlled official one, aiming to spur exports of some $15 billion of soy in the second and third quarters of the year to refill depleted reserves. “The ‘farm dollar’ will not create extra foreign currency, but…
Computing behemoth IBM IBM is slated to report its Q1 2023 results on April 19th. We estimate that IBM’s revenue will come in at about $14.40 billion for the quarter, marginally ahead of the consensus estimate of about $14.35 billion and roughly flat versus last year. We estimate that earnings will stand at close to $1.26 per share, compared to a consensus of $1.27 per share. So, what are some of the trends that are likely to drive IBM’s earnings? We expect IBM’s core software and services operations to be one of the key drivers of growth over Q1. The…
There are many factors that separate real estate from other forms of investing but, perhaps the most important is that, unlike stocks or bonds, there is a direct emotional component. When a buyer purchases a property that they are going to live in or an owner sells, the sale is not just a financial investment but an emotional one as well. After all, this is—or is going to be—their home. This mixing of money and sentiment can often be a recipe for unease. Ask any experienced real estate agent and they may share with you numerous stories of volatility, tears…
Bitcoin is nearly a year away from a key technical event — which might be the catalyst for a prolonged climb in the cryptocurrency’s value.In April or May 2024, bitcoin is expected to undergo its next so-called “halving,” though the exact date is not yet known.Bitcoin has been rising in the past few weeks in anticipation of the halving, as a potential U.S. Federal Reserve interest rate cut contends with the prospect of sluggish growth and tightening credit conditions resulting from woes in the banking sector.One bitcoin was worth roughly $30,000 as of Wednesday morning, according to data from CoinGecko.…
At the start of the year, economists and corporate leaders expressed optimism that global economic growth might not slow down as much as they had feared. Positive developments included China’s reopening, signs of resilience in Europe and falling energy prices. But a crisis in the banking sector that emerged last month has changed the calculus. The International Monetary Fund downgraded its forecasts for the global economy Tuesday, noting “the recent increase in financial market volatility.” The IMF now expects economic growth to slow from 3.4% in 2022 to 2.8% in 2023. Its estimate in January had been for 2.9% growth…
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The Group of Seven (G7) organization aims to help developing countries introduce central bank digital currencies (CBDCs) in line with international standards. During a recent speech in preparation for the International Monetary Fund and World Bank Spring 2023 meetings, Japan’s top currency diplomat Masato Kanda revealed that the move will be among the key themes of G7 discussions, alongside other grave issues like Russia’s invasion of Ukraine. Kanda noted that G7 can address challenges the global community face from fast-moving digital technology by providing developing countries with detailed guidelines to develop CBDCs.”We have to address risks from the development of CBDC by ensuring factors…
Almost Friday! Dan DeFrancesco in NYC, and my head starts to hurt every time I read this story about an “ultramassive” black hole. The only black hole I enjoy is the one Chris Cornell (RIP) sings about. Today, we’ve got stories on an upheaval within BlackRock’s communications department, a debate over the merits of the man bun on Wall Street, and why I’m not intimidated by Gen Z anymore.But first, we’ve just got a couple notes to run by you about the script.If this was forwarded to you, sign up here. Download Insider’s app here.1. Hollywood’s newest lender has some thoughts.…
Cash App founder Bob Lee was seen stumbling while trying to seek help after his stabbing, per ABC’s KGO-TV. Lee called 911 to report his stabbing, SFPD Chief Bill Scott told ABC. The Mayor of San Francisco, London Breed, called Lee’s fatal attack a “horrible tragedy.” 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 New surveillance footage appears to shed light on the moments after Cash App creator Bob Lee was fatally stabbed in San Francisco earlier this week.The video shows Lee apparently seeking…
