Author: News Room

Gold price lacks any firm intraday direction and oscillates in a narrow trading range.  The overnight hawkish remarks by Fed’s Waller act as a headwind for the XAU/USD. The downside seems limited as traders await more cues about the Fed’s rate-cut path. Gold price (XAU/USD) struggles to capitalize on its weekly gains registered over the past three days and oscillates in a narrow trading band below the $2,200 mark during the Asian session on Thursday. Traders now seem reluctant and opt to wait for more cues about the Federal Reserve’s (Fed) policy path before placing fresh directional bets, which, in…

As tokenization continues to be adopted in several sectors, Japan-based financial firm Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL), a subsidiary of Sumitomo Mitsui Financial Group, Inc. (NASDAQ: SMFNF), has expressed a keen interest in experimenting with the offering in real estate. The firm stated that it will proceed with the pilot initiative through the United States-based tokenization platform Vertalo to revolutionize the local real estate industry. The SMFL’s latest collaboration will integrate Vertalo’s token platform with its existing asset tracking platform, AssetForce. While AssetForce primarily focuses on physical assets, SMFL argues that the offering can be extended to…

China’s technological progress cannot be stopped, Chinese President Xi Jinping told Dutch Prime Minister Mark Rutte when they met in Beijing Wednesday for talks on areas such as the critical semiconductor industry.”The Chinese people also have legitimate development rights, and no force can stop the pace of China’s scientific and technological progress,” said Xi, according to Xinhua News Agency.Xi said China will “continue to pursue a win-win approach.”Relations between China and the Netherlands have been strained since the the Netherlands, together with the U.S., blocked exports of advanced chip technology to China over concerns they could be used for military…

Democrats have been growing increasingly anxious about public polls showing former President Donald Trump making unprecedented inroads among Black and Hispanic voters. But there may be reasons for Republicans to feel uneasy about these polls too. Surveys now consistently show Trump leading President Joe Biden nationally and in almost all of the key swing states. But those same surveys generally show Biden matching or even exceeding his winning 2020 share of the vote among White voters. Trump’s lead in polls is often based solely on him significantly improving on his 2020 showing among voters of color – and in fact,…

Topline 50 Cent has repeatedly mocked Sean “Diddy” Combs on social media following his numerous sexual assault lawsuits and the raids on his Los Angeles and Miami homes by federal agents—but the rappers have been embroiled in a decades-long beef featuring everything from diss tracks to competing vodka brands to personal insults. Key Facts Hours after federal Homeland Security Investigations agents raided Combs’ Los Angeles and Miami homes on Monday, 50 Cent tweeted: “Now it’s not Diddy do it, it’s Diddy done 🤷🏽‍♂️they don’t come like that unless they got a case.” The raids were conducted as part of a…

Not everyone knew who the Meta chief was posing with — but one person dared to slip into the comments section and ask Zuckerberg who Huang was.Zuckerberg’s response? “He’s like Taylor Swift, but for tech,” Zuckerberg wrote in an Instagram comment reply on Tuesday.This isn’t the first time Huang’s been likened to the tech world’s version of Swift. Huang acknowledged the comparisons when he made a joke about having to perform like Swift during Nvidia’s GPU Technology Conference on March 18.”As I was simulating how this keynote was going to turn out, somebody did say that another performer did her…

By Dharamraj Dhutia MUMBAI (Reuters) – Global index provider Russell will defer India’s inclusion in its government bond index due to taxation, registration and settlement issues, even as two other major index providers have announced their inclusions, it said on Thursday. However, it acknowledged progress in the accessibility of the securities in its March review for the FTSE Emerging Markets Government Bond Index (EMGBI), adding that the bonds will remain on its watch list. It said India had made progress with additional flexibility afforded to custodians relating to margin financing, which has now been more widely adopted and has helped…

Indian Rupee loses ground on Thursday on the firmer USD and the Fed governor’s hawkish comments.  The INR’s downside might be limited by the potential intervention from the Indian central bank.  The RBI is expected to hold rates steady in its April meeting amid strong economic growth and elevated inflation. The Annualized US GDP (Q4) growth number will be released on Thursday.  Indian Rupee (INR) edges lower on Thursday amid the higher demand for the US Dollar (USD) from oil importers and the hawkish remarks from the Federal Reserve (Fed) officials. Furthermore, the ongoing weakening of Asian peers will continue…

Today, U.S. District Court Judge Katherine Polk Failla ruled on a motion for judgment on the pleadings in the ongoing SEC v. Coinbase trial, a court case that has major repercussions for the crypto industry in the U.S. Key highlights in the opinion with implications to US crypto policy include whether the SEC is overstepping its authority under the Major Questions Doctrine, violating the due process rights of Coinbase, and appropriately applying the well-known SEC v. Howey test in the context of crypto-assets as opposed to traditional securities. Coinbase had been contending in its motion that the SEC overstepped its…

Lieberman describes the ‘hardest thing’ he’s ever done in public life (1998) In a 1998 interview with Larry King, Sen. Joe Lieberman (D-CT) describes how calling former President Bill Clinton to forewarn him about his criticism of the President’s affair with Monica Lewinsky was one of his “hardest decisions” in his public life.