Author: News Room

By Takahiko Wada and Leika Kihara TOKYO (Reuters) – Japan’s core inflation accelerated in February but an index gauging the broader price trend slowed sharply, data showed, highlighting uncertainty on how soon the central bank will hike interest rates again. While rising wages and the boost to import costs from renewed yen declines could underpin price growth, some analysts expect inflation to slow below the Bank of Japan’s 2% target later this year as domestic demand remains tepid. Markets are seeking clues on when the BOJ will next raise rates after its decision on Tuesday to exit its radical stimulus…

In a recent transaction, Boris F. Shimanovsky, the Executive Vice President & Chief Technology Officer (CTO) of ZipRecruiter, Inc. (NYSE:ZIP), sold a total of 5,200 shares of Class A Common Stock at a price of $12.00 per share. The total value of the shares sold amounted to $62,400. This sale took place on March 21, 2024, and was executed under a pre-arranged trading plan. Such plans, known as Rule 10b5-1 trading plans, allow insiders to sell shares over a predetermined period of time, providing a defense against potential accusations of trading on non-public material information. Following the transaction, Shimanovsky’s remaining…

AUD/USD recovers to 0.6571 after dipping, despite central bank actions. BoJ hikes, SNB cuts rates, and other central banks are steady. Mixed US data: manufacturing up, services, and composite PMIs down. Market eyes June Fed cut, post-steady rate projections. The Australian Dollar (AUD) tumbled against the US Dollar (USD) on Thursday despite refreshing weekly highs at 0.6634, printed losses of 0.25%. However, as Friday’s Asian session begins, the AUD/USD exchanges hands at 0.6571, virtually unchanged as traders brace for the weekend. Australian Dollar holds near weekly lows amid mixed global monetary policy moves A tranche of central banks adjusted their…

Crypto traders are transitioning from Solana-based meme tokens to the growing market of Coinbase’s Base meme coins. This movement reflects a broader trend in the industry, where liquidity and market sentiment drive investment decisions. From Solana to Base Meme Coins Rekt Fencer is a seasoned analyst who reportedly amassed over $1 million through Solana meme coins. He is leading the charge toward Base tokens. Fencer’s transition is not only a change of blockchains but a testament to the hype around cryptocurrency investments. He also emphasizes the untapped potential of Base tokens, which could yield high returns. Likewise, another analyst under…

The joint fundraising agreement that Donald Trump has inked with the Republican National Committee and state parties first sends donors’ money to his campaign committee and then to the leadership PAC that pays his legal bills before the national party gets its share, an invitation to an upcoming fundraiser shows. The invite to a high-dollar event in Palm Beach, Florida, next month shows Trump’s campaign receiving the first $6,600 in donations – the maximum amount that a candidate can receive from an individual donor for the primary and general campaign. The next $5,000 goes to Save America, which has paid…

Topline The national average price for a gallon of regular gas surpassed $3.50 on Wednesday, the highest U.S. gas prices have been since the fall, an increase that’s at least partially attributable to attacks on Russian oil facilities. Key Facts U.S. drivers are paying about $3.52 for a gallon of gas as of Wednesday, according to data from both GasBuddy and AAA. California drivers are paying the highest prices at an average of $4.94 per gallon, drivers in Hawaii are not far behind—paying an average of $4.70—and drivers in Washington are paying an average of $4.35 per gallon, according to…

Newly released footage from a French frigate operating in the southern Red Sea shows the warship shooting down a Houthi ballistic missile on Thursday. The frigate, which is deployed to the region as part of the European Union security mission Operation Aspides, destroyed three ballistic missiles during the incident, marking one of the latest engagements between Western navies and the Iran-backed Houthis.  In the video, shared to social media by the French military, sailors can be seen working on the bridge. A surface-to-air missile is then fired from a launcher. A short time later, it intercepts a target in the air. EUNAVFOR…

An American Airlines flight experienced a “brake anomaly” during its landing last month.Safety investigators determined the plane’s flexible hydraulic lines were not properly connected.The incident is just one in a string of safety accidents that have shocked the industry in recent months. An American Airlines flight that rolled off the runway last month when its braking system malfunctioned had undergone a brake-replacement job just four days prior, investigators said.The February 10 American Airlines flight from Washington, DC, to Dallas experienced a “brake system anomaly” during landing, according to a preliminary National Transportation Safety Board report.The Boeing 737-823 model’s automatic brakes switched from…

By James Pomfret and Greg Torode HONG KONG (Reuters) -Vague provisions in Hong Kong’s new national security law around state secrets and links to foreign entities have put on edge many global businesses in the financial hub, with some consultants and hedge funds updating contingency plans and seeking legal advice in a bid to counter this political risk. Several corporations, worried about data security, are now treating Hong Kong, once a major Asian base for multinationals, in the same way as mainland China and shielding information about the rest of the company from teams there, said an executive with decades…

Nanophase Technologies Corporation (ticker: NANX), a leader in mineral-based and technology-driven health and wellness solutions, reported a decrease in revenue for the fourth quarter of 2023, with figures dropping to $8 million from $8.3 million in the same quarter of the previous year. The company also experienced a net loss of $2.1 million during the period. Despite the downturn, Nanophase expressed optimism about the future, citing strategic investments in restructuring and improvements in manufacturing processes. The company’s subsidiary, Solésence, saw a revenue increase of 9% to $25.2 million in 2023, showcasing the potential for growth. Nanophase’s management remains focused on…