Author: Press Room

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against most major peers on Wednesday, reversing some of its recent declines, and gained sharply against the yen, which was volatile as the end of the Japanese fiscal year approaches. The , which measures the currency against six rivals, was 0.18% higher on the day at 102.67, pulling away from the near seven-week low of 101.91 touched late last week. “The recent failures in the financial sector of the U.S. appear to be contained and the immediate bleeding has stopped,” Helen Given, FX trader at Monex USA, said. Improving risk…

SAO PAULO (Reuters) -Brazilian President Luiz Inacio Lula da Silva on Thursday hinted that the government might change inflation targets, calling high lending costs “inexplicable” as he continued his push for lower interest rates. “If the inflation target is wrong, change the target,” the leftist leader said a meeting with journalists broadcast by TV channel GloboNews. The target is set by the National Monetary Council, comprising central bank Governor Roberto Campos Neto and the ministers of finance and planning. However, Lula said he was not looking to pick a fight with the appointee of former President Jair Bolsonaro whom he…

There is no denying that the Biden Administration is pro working families. Take the Infrastructure Act which focuses on onshoring — bringing and keeping jobs in the United States. Take another look at the Federal Trade Commission (FTC), which is taking a pro-worker leap by exposing non-compete clauses — clauses which prevent millions of workers from taking a job with higher pay from a similar employer to the one they have now. Corporations use other sources of power to underpay and disempower workers, so the Department of Justice (DOJ) and the FTC are consulting with worker representatives on the effect…

Jeep is updating its flagship Wrangler SUV with more capability, technology and features as it battles for off-road buyers against Ford’s newer Bronco.The 2024 Jeep Wrangler features an evolutionary exterior design, which is typical for the quintessential SUV, and a redesigned interior that includes additional safety, convenience and tech features such as a 12.3-inch center control screen.”Today, we are raising the bar once again by combining the most capable Wrangler to date, with more technology, comfort and safety features,” Jeep CEO Christian Meunier, said in a release pegged to the vehicle’s reveal Wednesday at the New York International Auto Show.In…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. After months of a remarkably strong US labor market and economy, everything seems to be slowing down. The latest high-frequency data shows that the consumer could be running out of steam, hiring activity is moderating, business activity is softening, interest-rate sensitive sectors are pulling back and housing is suffering. The question is whether Friday’s monthly jobs report, easily the most anticipated piece of…

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Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.There are already speculations about the cryptocurrency tokens that would rise in the new year. This article will explore three different tokens, Fantom (FTM), Solana (SOL), and Collateral Network (COLT), and why they could be the next game changers in the DEFI space. Notably, Collateral Network (COLT) is expected to surge by over 3500% in the coming months.>>BUY COLT TOKENS NOW<<Fantom (FTM)As it stands, Fantom (FTM) is experiencing a surge, primarily due to the Singapore-based Hyper Chain Capital declaring its investment in the Fantom token worth $15…

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Multi-strategy hedge funds had a mixed March after the Silicon Valley Bank collapse put markets on edge. The Citadel Wellington fund ended the month up 1.38%, while Steve Cohen’s Point72 was up 1.33%.  Izzy Englander’s Millennium lost 0.15% over the month but is up roughly 0.40% for the quarter.  Multi-strategy mavens got through a volatile March relatively unscathed. While the collapse of Silicon Valley Bank hit some hedge fund managers, firms that offer exposure to a diverse array of asset classes and strategies recorded small gains and low losses.Billionaire Ken Griffin’s Citadel’s flagship Wellington fund again outpaced its rivals with a…

Watching, learning, and choreographing dances on TikTok has been popular since the app launched. It’s helped professional dancers land jobs or secure brand deals and companies recruit talent. Dancers, choreographers, and companies explain how the platform has benefited the industry. This story is the first in a series examining TikTok’s influence on the entertainment business. Welcome to the era of CultureTok.When dancer Neha Dharmapuram joined TikTok, she never imagined it would lead to her Broadway debut.But that’s exactly what happened when, in May 2022, two choreographers came across the 21-year-old’s social-media account. Dharmapuram, who had around 70,000 followers on the…