Author: News Room

From consumer and wholesale prices to longer-term public expectations, reports this week served up multiple reminders this week that inflation isn’t going away anytime soon.Data across the board showed pressures increasing at a faster-than-expected pace, causing concern that inflation could be more durable than policymakers had anticipated.The bad news began Monday when a New York Federal Reserve survey showed the consumer expectations over the longer term had accelerated in February. It continued Tuesday with news that consumer prices rose 3.2% from a year ago, and then culminated Thursday with a release indicating that pipeline pressures at the wholesale level also…

Donald Trump would normally have little reason to be at a rally in Ohio – a state the presumptive Republican nominee twice carried comfortably – eight months before the November election. But the former president’s endorsement, the most coveted in a GOP primary, hasn’t yet sealed the deal for businessman Bernie Moreno, who’s locked in a three-way primary that will be this year’s first test of Trump’s cachet in a contested Senate race. Tuesday’s winner will take on Democratic Sen. Sherrod Brown – one of two Democrats running for reelection in Trump states whose fates are crucial to Senate control…

The Greenback gears up to hold onto a 0.7% weekly gain. Sentiment data from the University of Michigan came in weak. On the bright side, Industrial Production data came in stronger than expected. The focus will now turn to next week’s FOMC meeting. The US Dollar Index (DXY) is registering slight gains at the level of 103.40 on Friday, rebounding from December lows amid rising US Treasury yields. This follows the release of hot inflation data this week. The resilience of strong economic indicators and a cautious stance from the Federal Reserve (Fed) against hasty easing offer potential for US…

In the fast-paced world of money movers and shakers, nothing often dictates investors’ decision-making as much as the phrase “quality over quantity” does. Generally speaking, quality over quantity would often describe a way of life, being imitated by the ordinary person when trying to decide where to eat, what car brand to buy, or to find a solution for mundane everyday needs. However, for investors, these three words could be the difference between making a risky investment, costing them months’ worth of performance, or helping to generate substantial returns and taking their portfolios to new heights of success. The Scuttlebutt…

Securing a triumph over their rivals, Al Hilal, in their most recent match, the reigning champions have ensured keeping the trophy in Riyadh for this second edition of the Saudi Women’s Premier League. Context Al-Nassr, the defending champions, have asserted their dominance in this year’s Saudi Arabia’s premier women’s football league. Despite facing challenges from Al-Hilal and Al-Ittihad in the league’s initial phases, Lina Boussaha’s teammates successfully retained the trophy in Riyadh. The revitalized Al-Ittihad appeared to be the formidable team to surpass in the 2023/2024 season, having bolstered their squad with international signings like Ashleigh Plumptre and Salma Amani.…

The current estimated value of 11 leading private fintech startups shows declines as high as 79%. But a few have started to recover. By Jeff Kauflin, Forbes Staff Back in November 2021, as the market for venture capital funding of fintech companies was peaking, San Francisco Bay Area bill-payment startup Tipalti raised $270 million at an $8.3 billion valuation. Then last summer, shares in the company traded hands privately at a $4 billion value. Today, by one estimate, Tipalti is worth just $3.1 billion, down 63% from its peak, even though it has been growing smartly—to 3,500 mostly U.S.-based business…

The other day, I had a friend reach out and ask about my thoughts on robo advisors. Robo advisor platforms have been gaining immense popularity among young professionals early in their savings journeys. This is a discussion about the role of robo advisors, how they support investors, and when they may fall short. The Role of Robo Advisors A colleague of mine once wanted to host a debate between a successful financial professional and the founder of a robo advising platform. To my colleague’s surprise, the founder responded by declining the debate and saying that robo advisors are not intended…

Sweden joined North Atlantic Treaty Alliance (NATO) on 7th March as the 32nd member of the military alliance. NATO was formed in 1949 after the Second World War to counter the spread of communism and threat of invasion by the Soviet Union. The essence of treaty lies in the Article 5, which upholds the principle of collective defense. This means that an attack on any member state would be taken as a security breach on all members. Each member has the right to use all available means to counter threats in the North Atlantic area. The joining of Finland and Sweden…

Cabinet Alberto Pinto is the design firm behind the interior of one of the world’s largest private jets. Owned by a Middle Eastern businessman, this BBJ 747-8i likely costs hundreds of millions of dollars. Designing and implementing the interior of the ultra-luxurious Boeing jet took the firm four years to finish. The 747-8i Boeing Business Jet, which is a VIP-configured variant of the civilian jumbo plane, is the world’s largest private aircraft in active operation.The dual-level jumbo takes private flying to the next level as a flying palace capable of traversing time zones in the absolute pinnacle of luxury air…

The town of Seeley Lake in Western Montana is losing its largest employer, with the company citing a lack of housing and an unprecedented rise in costs making it too difficult to operate.Pyramid Mountain Lumber, which has been in Seeley Lake for 75 years, announced in a press release on Thursday it was shutting down its operations and closing its lumber mill.”As everyone at Pyramid knows, the Company has been hit very hard by a variety of circumstances that are outside of its control,” the statement said. “Among other problems, labor shortages, lack of housing, unprecedented rising costs, plummeting lumber…