Author: Press Room
By Ambar Warrick Investing.com — Most Asian currencies moved little on Wednesday, while the dollar retreated further as markets awaited more cues on monetary policy from key inflation data and the minutes of the Federal Reserve’s March meeting due later in the day. A from Minneapolis Fed President Neel Kashkari also kept sentiment subdued, although he also warned that higher inflation was likely to be worse for the jobs market. The dollar took little support from Kashkari’s comments, with the and both down about 0.2%. But futures were trading at a lower level than the index, indicating that investors are…
WASHINGTON (Reuters) – Cameroon is working to boost export revenues to fend off a potential debt crisis and has relaunched talks with the U.S. to rejoin Washington’s flagship trade initiative with Africa, its economy minister said on Monday. The economic fallout from the COVID-19 pandemic and the subsequent global shocks provoked by the war in Ukraine have hit African countries hard, denting economic growth and aggravating their sovereign debt positions. The International Monetary Fund (IMF) forecasts that Cameroon, a Central African oil producer, will record 4.3% economic growth this year after it slumped to 0.5% in 2020. The Fund has…
Netflix NFLX is slated to report its Q1 2023 results on April 18th. We estimate that Netflix’s revenue will come in at about $8.2 billion for the quarter, marginally ahead of the consensus estimate of about $8.17 billion. This would mark year-over-year growth of roughly 4%, although it would be down from a growth rate of close to 10% in the same quarter last year. We estimate that earnings will stand at about $2.90 per share, compared to a consensus of $2.86 per share. So what are some of the trends that are likely to drive Netflix results? See our…
Former senior executives of Twitter have sued the company in an attempt to recover more than $1 million in legal expenses incurred by responding to shareholder lawsuits, federal investigations and a congressional hearing, according to a complaint filed Monday in Delaware Chancery Court. The lawsuit by former Twitter CEO Parag Agrawal, former chief legal officer Vijaya Gadde and former chief financial officer Ned Segal alleges that Twitter has failed to reimburse them for lawyers’ fees in accordance with prior agreements with the company. Elon Musk fired the executives immediately after completing his acquisition of the company. Twitter, which cut much…
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The latest Bitcoin (BTC) price pump, which has seen the world’s largest cryptocurrency rally into the mid-$30,000s per token, has obliterated millions worth of short positions.Indeed, in the last two days, $107 million worth of Bitcoin futures short positions have been liquidated across major cryptocurrency exchanges, according to crypto derivatives analytics website CoinGlass.Around $60 million in short position have been liquidated on Tuesday alone, the highest daily tally since the 16th of March.A separate chart presented by CoinGlass shows that bulls are gaining the upper hand when it comes to demand for Bitcoin futures leverage.The Bitcoin futures leverage funding rate…
Prosecutors said they’re struggling to analyze a laptop for their case against Sam Bankman-Fried. It has so much data that it’s taking weeks to just extract information, they said on Thursday. Sam Bankman-Fried pleaded not guilty to federal prosecutors’ new criminal charges against him. 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 Prosecutors have run into a roadblock while trying to analyze reams of data in their criminal case against Sam Bankman-Fried.In a hearing in Manhattan federal court Thursday morning, Assistant US Attorney Nicholas…
When you buy through our links, Insider may earn an affiliate commission. Learn more. Samsung’s Galaxy S23 Plus is the ultimate phone with a large screen for Android users. It’s less expensive and has better battery life than the S23 Ultra while running the same processor and matching camera quality. It’s also much lighter than the S23 Ultra, making it more comfortable and manageable for everyday use. 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 As the mid-tier offering in Samsung’s flagship S-series, the Samsung…
The lack of diversification benefits of government bonds in 2022 was painful for multi-asset investors. The sell-off in US Treasuries in particular was sharp, and we saw correlations versus stocks move well into positive territory. But strong Treasury returns so far in 2023 have turned correlations negative. This has been a welcome dynamic for multi-asset investors, particularly those seeking income. A key driver was the sudden failures of Silicon Valley Bank and Signature Bank (OTC:SBNY), which sent investors fleeing to the perceived higher quality and stability of government bonds. US 10-year Treasuries were particularly popular, and their returns soared. From…
The chief of Holiday Inn owner InterContinental Hotels Group has warned that the UK stock market is “not a very attractive place” for listed companies and called on authorities to get on the “front foot” to arrest further decline. Several shareholders in the group, which has been listed in London since it demerged from pubs business Mitchells & Butlers two decades ago, asked at an investor roadshow last month whether it had any plans to switch its primary listing to the US, IHG chief executive Keith Barr told the Financial Times. The group has a secondary listing in New York.…
