Author: Press Room
By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Thursday, but volatility is limited ahead of weekly employment and quarterly growth data which could provide clues for future Federal Reserve action. At 03:15 ET (07:15 GMT), the , which tracks the greenback against a basket of six other currencies, traded just lower at 102.260 and is on course to drop 2% in March. Receding concerns over the banking sector have resulted in traders switching their attention to the Federal Reserve’s battle against inflation. Friday sees the release of the Fed’s favorite gauge of inflation, the…
By Antony Paone, Sarah Meyssonnier and Ingrid Melander PARIS (Reuters) -Clashes erupted in Paris next to a Left Bank brasserie favoured by French President Emmanuel Macron as protesters torched garbage cans and smashed two banks during the eleventh day of nationwide demonstrations against pension reform. The bistro La Rotonde, whose awning was set alight as protesters threw bottles and paint at police, is known in France for hosting a much-criticised celebratory dinner for Macron when he led the first round of the 2017 presidential election. Protests against the flagship reform of Macron’s second term, which lifts the retirement age by…
With the start of the second quarter, Bank of America has a new list of short-term ideas for investors seeking clarity amid ongoing market volatility. The firm compiled a list of high-conviction stock recommendations in a note to clients earlier this week. In the note, chief investment strategist Michael Hartnett noted that investors moved a record $508 billion into cash during the first quarter of this year. Stocks rose in the first quarter despite severe turmoil caused by a series of banking crises — including regulators’ shutdown of Silicon Valley Bank and Signature Bank and UBS’ buyout of Credit Suisse…
Buying a second home, whether it’s a lake house or a house on the beach, is a pretty significant investment for most. But it’s one that can come with many benefits like a side hustle or extra income if you use the space as a rental property. In April, vacation rental management platform Vacasa released its annual ranking of the top 10 best places to buy a beach house in the U.S. based on the highest cap rates or yearly rate of return on investment.To determine the ranking, Vacasa did the following:Analyzed home sales and vacation rental performance data from…
Tesla is opening a Megafactory in Shanghai, the electric car manufacturer announced on Twitter Sunday. The factory will be able to produce 10,000 Megapacks per year, which are very large batteries used to store utility-scale amounts of electricity. The company announced the new factory with a picture of a signing ceremony in China. “Tesla opening Megapack factory in Shanghai to supplement output of Megapack factory in California,” Elon Musk said on Twitter. Chinese state media outlet Xinhua first reported the news, saying the electric automaker will break ground in this year’s third quarter and begin production in the second quarter…
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The Love Hate Inu is raising a lot of dust on its presale as one of the best-emerging projects in the emerging industry. So far, the Love Hate Inu protocol has raised over $3 million in less than a month. A feat that ranks the project as one of the best projects so far in the emerging industry.The Love Hate Inu platform is one of the few meme tokens that offers real-world utility, unlike other popular meme coins like Doge and Shiba Inu.The token attributes this utility to its voting system, which is based on blockchain technology that allows people…
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LVMH CEO Bernard Arnault’s net worth surpassed $200 billion on Tuesday. He is the third person ever — after Elon Musk and Jeff Bezos — to reach this level of wealth. Arnault’s fortune grew on the back of LVMH’s soaring stock price, which is up nearly 25% this year. 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 Bernard Arnault, the CEO and cofounder of LVMH Moët Hennessy Louis Vuitton, is the richest person in the world — and has just reached a new financial…
New grandfather Bill Gates shared his first photo with his grandchild on Instagram. “I can’t wait to watch you discover the world,” the Microsoft cofounder wrote in the caption. His daughter Jennifer, who he had with ex-wife Melinda French Gates, welcomed her child in March. 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 Bill Gates says he “can’t wait to watch” his first grandchild “discover the world,” in his first publicly shared photo with the baby on Instagram.Gates became a grandfather in March when…
