Author: News Room

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First lady Jill Biden has traveled to great lengths to show support for her son Hunter as his federal gun trial is underway this week. The first lady was on hand at the Wilmington, Delaware, courthouse for the first three days of the felony trial this week, sitting through testimony recounting moments from one of the most troubled periods of her son’s life. After departing court on Wednesday, she took a red-eye flight to France to attend the commemoration ceremonies for the 80th anniversary of D-Day. Less than 24 hours later, she boarded a military aircraft at Paris-Orly airport to make…

As consumers have become use to have access to a vast array of products and services across a vast array of shopping channels, retailers are faced with the challenge of meeting these expectations. While offering customers product details and a variety of options can be helpful, too much information, can actually do the opposite. In fact, Accenture’s recently launched Consumer Pulse Survey, found that the sheer number of choices, messages, ads and claims consumers now face is leading to almost three quarters (74%) abandoning their purchases completely. This is the kind of situation new and emerging technologies, such as the…

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As Indian Prime Minister Narendra Modi assembles his next government, the calculus clearly differs from his last 10 years in power.It’s a humbling moment for the BJP, which, in the last two elections, easily achieved a simple majority without the need for its allies.This year, it fell 32 seats short of the 272 parliamentary seats necessary to win. The rest of its coalition, the National Democratic Alliance, pulled Modi through with another 52 seats, meaning a desertion of several allied parties could turn the tide of the election.And don’t they know it. Now increasingly dubbed the “kingmakers” by international media,…

By Mike Dolan LONDON (Reuters) – This week’s milestone G7 interest rate cuts dispel any notion that hitting 2% inflation targets spot on is a precondition for central bank moves or indeed sensible – and may guide thinking on the Federal Reserve and Bank of England too. The European Central Bank and the Bank of Canada, covering four of the G7 major economies, cut interest rates on Wednesday and Thursday in the first reversals of some two years of policy tightening aimed at reining in post-pandemic inflation spikes. In well-telegraphed moves, both announced the cuts even with headline inflation rates…

By Elizabeth Howcroft AMSTERDAM (Reuters) – The boom in artificial intelligence will increase banks’ dependence on big U.S. tech firms, creating new risks for the industry, European banking executives said. Excitement around using artificial intelligence (AI) in financial services – widely used already for detecting fraud and money-laundering – has soared since the launch of OpenAI’s viral chatbot ChatGPT in late 2022 as banks examine ways to deploy generative AI. But at a gathering of fintech executives in Amsterdam this week, some expressed concerns that the amount of computing power needed to develop AI capabilities would make banks rely even…

Investing.com– Gold prices rose in Asian trade on Friday, coming close to key highs as bets on interest rate cuts by the Federal Reserve grew in anticipation of key nonfarm payrolls data due later in the day. The yellow metal was set for weekly gains as a string of week U.S. economic readings pushed up expectations that the Fed will begin cutting rates in September. This notion pushed the dollar to two-month lows. Interest rate cuts by the and the also boosted optimism over looser monetary policy, which benefits metal markets.  rose 0.5% to $2,386.55 an ounce, while expiring in…

Indian Rupee trades on a flat note on Friday.  RBI’s MPC decided to keep the repo rate unchanged at 6.5% in its June meeting due to robust growth momentum. Investors will shift their attention to the highly-anticipated Nonfarm Payrolls (NFP) data, which is due later on Friday.  Indian Rupee (INR) trades sideways on Friday despite the modest recovery of the US Dollar (USD). The Reserve Bank of India (RBI) Governor Shaktikanta Das announced the second bi-monthly monetary policy of the financial year 2024-25 (FY25) on Wednesday. The Indian central bank maintained the status quo on the repo rate at 6.50% and the “withdrawal…

One week after celebrities Caitlyn Jenner and Iggy Azalea launched buzzy meme coins, it appeared as if legendary professional wrestler Hulk Hogan had done much the same on Thursday with the HULK token on Solana. But after the coin was quickly “rugged” at the expense of investors, Hogan took to Instagram to urge fans to ignore any crypto post that came from his Twitter account. “Please do not take notice of any posts posted today,” Hogan shared on Instagram. “They are not from me and will be promptly removed.” Indeed, there’s no sign of the purported crypto scam on Hogan’s…