Author: Press Room
The failures of Silicon Valley Bank and Credit Suisse have made a global economic slowdown more likely and European governments should be ready to support businesses as credit conditions tighten, veteran Italian banker Corrado Passera has said.“The banking crisis in the United States and the situation at Credit Suisse have increased the risk of recession,” said the 68-year-old, who left the top job at Italy’s largest bank Intesa Sanpaolo to serve in government at the height of the country’s debt crisis in 2011. Passera, who is now chief executive of Illimity, a digital bank he founded five years ago, added…
Tina Peters – the former clerk of Mesa County, Colorado, and the state’s most prominent 2020 election denier – was sentenced by a judge Monday to home detention and community service after she was found guilty last month of obstructing a government operation. Peters was sentenced to four months of home detention with an ankle monitor and will be required to complete 120 hours of community service within one year. She was also ordered to pay a $750 fine. The judge, however, stayed the sentence shortly after handing it down because Peters’ attorney said he would be filing an appeal.…
Microsoft, Amazon.com and Alphabet should all deliver solid cloud results in their upcoming earnings as cloud spending across businesses has stabilized, says one Wedbush analyst. For cloud businesses, Microsoft (ticker: MSFT) has Microsoft Azure, Amazon (AMZN) has Amazon Web Services, and Alphabet (GOOGL) has Google Cloud Platform. Wedbush analyst Dan Ives wrote in a research note that he expects Microsoft , Amazon and Alphabet to report cloud results for their upcoming earnings that either meet or beat Wall Street expectations. “Large cap tech and sub-sectors such as cloud and cyber security are seeingmuch more resilient growth than the Street had…
Gold prices ended lower on Thursday for a second day in a row, but posted a sixth straight weekly gain for the holiday-shortened week and remained within striking distance of the yellow metal’s all-time closing high for a most-active futures contract.Price action The June gold contract GC00, +0.45% GCM23, +0.45% declined by $9.20, or nearly 0.5%, to settle at $2,026.40 per ounce on Comex, with prices for the most-active contract up 2% for the holiday shortened week, according Dow Jones Market Data. Prices settled at $2,038.20 on Tuesday, the highest finish since March 2022. Silver futures for May delivery SI00,…
I asked my girlfriend to move in with me and am having a moral personal dilemma when it comes to rent. She has said she would not move in with me if she wasn’t paying, so nothing isn’t an option. I bought the house in November 2019, and up until a few months ago I have always had two roommates paying me rent. One just moved out to live with family as a result of health complications. The other roommate moved in a few months ago. Despite not having a lease, I would feel bad asking my remaining roommate to leave…
President Joe Biden on Monday called for background checks and other gun-control steps in the wake of a shooting at a bank in downtown Louisville, Ky. “It’s long past time that we require safe storage of firearms. Require background checks for all gun sales. Eliminate gun manufacturers’ immunity from liability. We can and must do these things now,” he said in a statement. Police said five people were killed in a shooting at a bank building in downtown Louisville and the suspected shooter is also dead. Six others were brought to the hospital after the Monday morning shooting, according to…
© Reuters. FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China, January 5, 2021. REUTERS/Thomas Peter By Josh Horwitz SHANGHAI (Reuters) -Alibaba Group Holding Ltd on Tuesday showed off its generative AI model – its version of the tech that powers chatbot sensation ChatGPT – and said it would be integrated into all of the company’s apps in the near future. Called Tongyi Qianwen, the AI large language model drafted invitation letters, planned trip itineraries and advised shoppers on types of makeup to purchase in a filmed demonstration. Tongyi Qianwen will initially be integrated…
Before 2017, China was the best thing in the world to corporate America, Wall Street and to many lawmakers and lobbyists on Capitol Hill. Trump changed all that. Biden kept apace with the Trump-era China strategy, even going harder on export restrictions and capital market sanctions. Companies like BlackRock BLK and Vanguard have had to sell millions of shares in Chinese companies listed here and abroad because they were deemed too close to the military. Then Covid happened. China locked down. Everything was a mess. Companies that love doing business in China realized they needed to source from other places,…
Hockey Hall of Famer Chris Chelios has listed his Malibu beach home for $75 million. The Paradise Cove property is located among some of the most desirable homes in the California beach city. About 45 minutes from Los Angeles via the scenic Pacific Coast Highway is Malibu, playground of the rich and famous and their fabulous beach homes. Chelios’ Mediterranean-style mansion is on a spacious 1.7-acre lot, offering one of California’s best ocean views. An impressive entryway leads to a grand living room, featuring breathtaking views of the coastline through its large windows. The chef’s kitchen is equipped with high-end…
Bitcoin climbed on Monday evening, topping the key psychological level of $30,000 as investors awaited key inflation data later in the week that could steer crypto prices.The largest cryptocurrency by market cap rose 7% to $30,193.25 for the first time since June, according to Coin Metrics. Ether advanced more than 3.5% to $1,925.11 for the first time since August as investors awaited the Ethereum network’s latest tech upgrade, scheduled for Wednesday.Now that bitcoin has touched $30,000, a move into the mid- to high-30s will be “likely” if it pushes through with conviction and would “force short speculators to cover and…
