Author: News Room

The nation’s central bank is gearing up to make its second interest rate decision of the year, and it probably won’t be the relief many Americans want to see.On Wednesday, the Federal Open Market Committee is set to announce whether it will continue its pause on interest-rate hikes — and based on predictions, that’s likely to be the case. According to the CME FedWatch tool, which estimates the probability of the Federal Reserve’s next move based on market predictions, there’s a 99% chance rates will remain steady as of Monday morning.The Fed’s December Summary of Economic Projections penciled in three…

Adults in South Korea are using pet rocks to help with loneliness and burnout at work.Instead they are seen as a way to mitigate the loneliness and burnout spreading through South Korean society.The Journal’s Jiyoung Sohn spoke to millennials turning to pet rocks to help them through difficult periods in their careers.Koo Ah-young, 33, told Sohn she didn’t have anyone to talk to about the burnout she experienced after starting a new office job in Seoul.She didn’t want to worry her friends and family, but she also felt that getting a pet animal, like a cat or dog, would have…

By Jeff Mason WASHINGTON (Reuters) – President Joe Biden travels to Nevada and Arizona on Tuesday to promote his affordable housing proposals and pitch his case for re-election in two political swing states that could prove critical to his bid to stay in the White House. The Democratic president has been making stops in a host of battleground states since his State of the Union address earlier this month that criticized his Republican opponent, former President Donald Trump, and laid out ideas he hopes to implement if given a second term. With worries about high rents and mortgage interest rates…

TOKYO (Reuters) -The Bank of Japan has made “the appropriate policy decision at the appropriate time”, the head of Japan’s biggest business lobby said, welcoming Governor Kazuo Ueda’s move to hike interest rates for the first time in 17 years. “I think the BOJ has caught the indications that a virtuous cycle between wages and prices has started,” Keidanren Chairman Masakazu Tokura told reporters. As widely expected, the BOJ announced on Tuesday it would end eight years of negative interest rates and other remnants of its unorthodox policy. But analysts expect it will keep rates stuck around zero for some…

In a recent transaction, John R. Prestridge III, the Chief Product Officer of ZeroFox Holdings, Inc. (NASDAQ:ZFOX), sold a total of 16,530 shares of the company’s common stock. The transaction took place on March 18, 2024, with the shares sold at a price of $1.12 each, resulting in a total value of approximately $18,513. The sale was conducted to cover tax withholding obligations related to the vesting of restricted stock units. According to the footnotes in the SEC filing, these sales are a requirement of the issuer’s equity incentive plans, which mandate the satisfaction of tax withholding through a “sell…

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Former President Donald Trump doesn’t have the cash he needs to stop the state of New York from potentially seizing his assets. He’s asking the court — an institution he’s shown little but contempt for — for a bit of mercy. In a court filing Monday, Trump’s lawyers laid out the stark economic reality facing the leading Republican candidate for president. His team spent “countless hours” negotiating with some 30 entities that could finance the roughly half-a-billion-dollar bond he’s…

Germany’s ZEW Economic Sentiment Index jumps to 31.7 in March. EUR/USD remains uninspired by the upbeat German and Eurozone ZEW surveys. The headline German ZEW Economic Sentiment Index jumped from 19.9 in February to 31.7 in March. The market forecast a reading of 20.5. However, the Current Situation Index improved from -81.7 to -80.5 in the reported month, beating estimates of -82.0. The Eurozone ZEW Economic Sentiment Index came in at 33.5 in the same period, notably higher than the February reading of 25.0. The data surpassed the market expectations of 25.4. Key points Economic expectations for Germany are significantly improving. At the…

An unknown whale address has realized up to $23.5 million from investing in Shiba Inu in under two months. The cryptocurrency market has been declining over the past few days as investors take profits across the board. In one such eye-catching move to realize profits, on-chain data spotted a Shiba Inu whale that may have realized as much as $23.5 million from trading the cryptocurrency in just two months. As the data shows, the whale began accumulating Shiba Inu on January 8. At the time, Shiba Inu traded around $0.000009, with the whale procuring and withdrawing as much as 1.44…

It was among the least surprising political events so far this year, but Vladimir Putin’s reelection to a fifth term in office comes at a time of geopolitical and economic uncertainty for Russia, prompting questions as to what we can expect from another six years of the Russian strongman’s leadership.With Putin winning the vote by a huge margin, according to the Kremlin and its the Central Election Commission, the 2024 Russian election aimed to demonstrate that Russian society was “consolidated” around the president and that his domestic and foreign policies had the blessing of Russians both within the country and…

Americans have experienced significant price increases during the tenure of President Joe Biden – but prices have not gone up nearly as much as former President Donald Trump keeps saying. Trump, now the presumptive Republican presidential nominee, has a years-old habit of using inaccurate figures even when accurate figures would serve his point. During his 2024 campaign, he has serially inflated the extent of inflation under Biden. Perhaps most notably, Trump has claimed this month that total Biden-era inflation has been more than double what it actually has been. And since last fall, Trump has also exaggerated about oil prices,…