Author: Press Room
By Ambar Warrick Investing.com — The Japanese yen led gains across Asian currencies on Tuesday, while the dollar retreated as traders grew less concerned over an imminent banking crisis and pivoted into more risk-driven assets. The surged 0.8% to 130.58 against the dollar, sharply reversing overnight losses. The currency, which usually acts as a safe haven, was also seen benefiting from some consolidation of overseas profits by Japanese firms ahead of the end of Japan’s financial year on Friday. An uptick in Japanese business-to-business services inflation also showed that underlying price pressures remained high in the country, which could invite…
By Giuseppe Fonte ROME (Reuters) -Italy’s government plans to cut its 2024 economic growth forecast, people familiar with the matter said, as it weighs the negative impact of rising interest rates and difficulties in spending EU post-COVID recovery funds. Rome will publish new estimates next week for this year and next in its Economic and Financial Document (DEF), which will also carry a warning that the delays in investing those European Union transfers are likely to worsen, two sources said. Italy last November targeted a growth rate for the euro zone’s third-largest economy of 0.6% this year and 1.9% in…
It is no exaggeration to say that India’s United Payments Interface (UPI) real-time payments system has been a game changer for the subcontinent. In a nutshell, UPI has transformed how Indians make payments, allowing them for the first time to easily transfer money instantly from one bank account to another: from a customer to a business, or between individuals. In the roughly seven years since it was launched, UPI has accrued 260 million users in a population of 1.4 billion and been a decisive factor in India’s embrace of cashless payments thanks to its ease of use and interoperability. Mastercard’s…
TL;DR We’ve seen a ton of new employment data out this week, including the ADP private payrolls report, the broader unemployment report and new jobless claims numbers It is showing a trend of a weakening job market, which is good news for companies and investors who are hoping for some respite from rising interest rates Layoffs continue to be part of this trend, but they’ve spread beyond the high growth tech industry and are now hitting even ‘recession proof’ companies like McDonalds and Walmart Top weekly and monthly trades Subscribe to the Forbes AI newsletter to stay in the loop…
After a 50% decline over the last twelve months, at the current price of around $91 per share, we believe Expedia’s stock (NASDAQ NDAQ : EXPE), a travel company providing everything from airline tickets, to hotel rooms, and car rentals – could see a rebound in the longer term. EXPE stock has declined from around $181 to $91 over the last twelve months, underperforming the broader indices, with the S&P falling about 9% over the same period. The company’s stock traded lower as anxiety over a potential recession and higher interest rates have swept over the entire travel sector. Despite…
The Biden administration has enacted sweeping student loan initiatives over the last two years, including a mass student loan forgiveness plan and multiple extensions of the ongoing student loan pause. But these plans are under attack in both Congress and the courts as challengers seek to halt this student debt relief. And the attacks are escalating. Here’s the latest. Republicans In Congress Will Try To Repeal Student Loan Forgiveness And Extension Of Student Loan Pause Congressional Republicans have introduced a resolution under the Congressional Review Act (CRA) to repeal President Biden’s student loan forgiveness initiative, which would cancel up to…
Apple’s worldwide computer shipments fell 40.5% year over year in the first quarter of 2023, amid a broader contraction in consumer demand, according to research firm IDC.All five of the largest computer makers — Apple, ASUS, Dell, HP and Lenovo — saw double-digit drops in first-quarter shipments, reflecting weaker demand and persistent inventory woes. But Apple’s decline was the biggest of the bunch.Apple’s worldwide PC market share dropped between the first quarter of 2022 and the first quarter of 2023, from 8.6% to 7.2%, according to IDC data. The company shipped 2.8 million fewer devices year over year in the…
Tupperware shares fell nearly 40% in early trading Monday following a bleak warning that its future is looking murky. In a regulatory filing late Friday, the container maker said there’s “substantial doubt about the company’s ability to continue as a going concern,” and that it’s working with financial advisers to find financing to stay afloat. Tupperware said it won’t have enough cash to fund its operations if it doesn’t secure additional money. The company said it is exploring potential layoffs, and it’s reviewing its real estate portfolio for potential money-saving efforts. The New York Stock Exchange also warned that Tupperware’s…
Watch full video on YouTube
In recent years, the freelance sector has received lots of adoption as more people escape the traditional 9-to-5 work sphere.While numerous freelance marketplaces are available, most of them are Web2-based and often feature inconsistent employment, a lack of skilled personnel, high fees, and slow withdrawals.However, DeeLance, a new decentralized project, aims to solve these challenges. The revolutionary platform provides a seamless hub where freelancers and recruiters can connect, share portfolios, and exchange secured financial rewards for completed tasks or services. With its native token, $DLANCE, now on presale, a large buzz has been generated among investors as they seek to know what…
