Author: News Room

By Michael S. Derby NEW YORK (Reuters) – The banks most reluctant to tap the U.S. central bank’s discount window to shore up their capital are in fact those who face the highest failure risk, according to new research from the New York Federal Reserve that turns the notion of bank emergency borrowing stigma on its head. The stigma in question is the long-running belief that when a bank borrows from the Fed’s long-running emergency lending discount window, it will be perceived by others to be in trouble and face challenges as a result. To avoid those perceptions, banks will…

By Jessica DiNapoli NEW YORK (Reuters) – Procter & Gamble (NYSE:) has been revamping its marketing and line-up of influencers on fast-growing Chinese shopping app Douyin in recent months, helping its Pantene shampoo lead growth in hair care on the platform, executives said Thursday at an investor day. The Cincinnati-based company’s investments in better packaging for Pantene in China, and improved marketing on how much to use, has led to share growth online, the company’s head of beauty, Alex Keith, said at the event.  “We’ve grown online share for more than a year now and our portfolio is leading category…

USD/JPY falls as the Yen gains on expectations the BoJ will raise interest rates in December.  Bets are falling meanwhile for the Federal Reserve to cut interest rates, narrowing the differential.  This advantages the JPY, creating a headwind for USD/JPY going forward.  USD/JPY is trading a touch lower in the 154.30s on Friday as the Japanese Yen (JPY) strengthens against the US Dollar (USD) due to the release of higher-than-expected Japanese macroeconomic data, and Tokyo’s announcement of a $250 billion economic stimulus package.  The Yen’s gains are comparatively limited against the US Dollar, however, which is itself underpinned by a…

The meme token launched by Andrew Tate had a pump followed by a fast crash. The token was also affected by the news of the recent email hack of Tate’s Online University. Andrew Tate attempted to save his DADDY meme token, by injecting more SOL to pump the price. Unfortunately, DADDY was weighed down by the news of the hacked Online University. The token slid from a peak of $0.14 to $0.08, following a short-term pump. Andrew Tate’s DADDY token pumped as high as $0.14, before crashing back to $0.08 as the 400SOL buy order was not sustainable. | Source:…

Trump’s victory is good news for the world. American foreign policy is about to undergo a shift towards common sense. Mr Trump has often spoken about his will to put an end to the “endless wars”. In his first term, he did not start any new wars.   As long as Trump sticks to a common-sense, isolationist, America First, Peace through Strength, emphasizing economic and trade relations, and as long as he steers clear of neo-cons in his administration, US foreign policy will be on the charted course for which Americans voted. American voters did not vote for more of…

Varun Badhwar lives in Delhi where toxic smog hit severe levels this week.Badhwar has lived in Delhi for 40 years and, despite pollution concerns, has not moved out.He told BI he values the melting pot community and family he has in the city.This as-told-to essay is based on a conversation with Varun Badhwar, director for growth and monetization at Condé Nast India. It’s been edited for length and clarity.I’ve lived in Delhi my entire life — for four decades now — and I’ve seen it grow over the years into the melting pot that it is today.Everyone is talking about…

Google Maps unveiled a number of AI features ahead of the holiday season.A Google Trends and tech expert suggests avoiding bakeries, salons, and grocery stores on Saturdays.Google’s data shows travel is busiest on the Friday, Tuesday, and Wednesday before Thanksgiving.The holiday season is right around the corner and planning your week ahead could help you beat the crowds and save time.Business Insider spoke to Google Trends and technology expert Jennifer Jones ahead of Thanksgiving to get advice on the best way to plan your week during the holiday rush.While trends may vary by location — and Google Maps can also…

Investing.com — Department of Government Efficiency (DOGE) could push for sale of mortgage financing firms Fannie Mae (OTC:) and Freddie Mac (OTC:) as part of its efforts to generate cash for the government, according to a note from TD Cowen. “We believe the DOGE may be positive for the recap and release of Fannie Mae and Freddie Mac,” analyst Jaret Seiberg wrote. Fannie Mae and Freddie Mac, which has a central role in the U.S. housing finance system by providing liquidity to the mortgage market, are government-sponsored enterprises, or GSEs. As government-sponsored enterprises (GSEs), they benefit from an implied government guarantee,…

Investing.com – prices have retreated to the low-to-mid $70s a barrel, which reflects market confidence in a large 2025 surplus, according to Goldman Sachs, but the influential investment bank sees upside risks in the short term. At 08:55 ET (13:55 GMT), Brent crude traded 0.6% lower to $73.78 a barrel, 4% higher this week, but just less than 4% lower so far this year.  Brent oil prices are on track to average roughly $80/bbl this year, analysts at Goldman Sachs said, in a note dated Nov. 21, but have declined to the low-to-mid $70s despite a 2024 deficit and geopolitical…

NZD/USD recovers mildly after refreshing the yearly low near 0.5820, however, the outlook remains bearish. The Fed is expected to take an “extended pause” after cutting interest rates next month. Investors expect the RBNZ to cut interest rates by 50 bps to 4.25% on Wednesday. The NZD/USD pair rebounds slightly after posting a fresh yearly low near 0.5820 in the North American session on Friday. The Kiwi pair remains on the backfoot as the US Dollar (USD) performs strongly across the board on expectations that the Federal Reserve (Fed) will follow the interest rate cut path more gradually. Analysts at…