Author: News Room

By Roberto Samora SAO PAULO (Reuters) – Brazil is expected to post its third annual increase in coffee production this year, a rare sequence seen only seven times in 144 years of coffee history in the world’s largest grower and exporter of the beans, according to data compiled by Reuters. The positive sequence is likely to be extended for another year in 2025, experts say, mainly due to rising production of robusta beans in a country that has historically been a producer of the milder arabica coffee preferred by high-end cafes. Robusta coffee is widely used to make instant coffee.…

Lower pay, intense competition for clients and a massive exodus of realtors. Those are some of the predictions that real estate professionals are making, anxiously, after the recent settlement from the National Association of Realtors with homebuyers, which establishes new rules for brokers that could upend the way Americans buy and sell their homes. On Friday, the NAR announced that it had agreed to change some of its guidelines that critics said were behind inflated home prices. If approved, the settlement will likely lower commissions brokers have charged sellers and shared with buyers’ agents. Experts say it will likely dramatically…

Gold price rises as the Fed remains stuck with projections of three rate cuts this year. US yields fall sharply as market expectations for the Fed starting rate cuts from June rise. An improved US economic outlook could restrict the downside in the US Dollar. Gold price (XAU/USD) clings to gains near fresh all-time highs around $2,220 in Thursday’s European session. Investors are gung-ho on Gold as markets increasingly expect the Federal Reserve (Fed) to lower interest rates in the June policy meeting.  The speculation over Fed rate cut hopes for June escalated after the quarterly updated dot plot of…

As the majority of the cryptocurrency market resumes its upward move, Ethereum (ETH) is among the assets leading the charge, and artificial intelligence (AI) platforms see more bullishness and advances for the largest altcoin by market capitalization in 2024. Indeed, Ethereum has skyrocketed almost 10% in the last 24 hours, as it moved to recover from the recent hiccup that saw it accumulate a decline of over 11% on its weekly chart, and advanced AI forecasting algorithms predict further improvement by the year’s end. Ethereum price prediction 2024 Specifically, one of these AI algorithms, which relies on historical ETH trends,…

Lawmakers unveiled a $1.2 trillion government funding package on Thursday, setting up a high-stakes sprint to pass the legislation as a shutdown deadline looms at the end of the week. With the release of the legislative text that’s more than 1,000 pages, the House and Senate are now facing a major time crunch to get the legislation across the finish line. Read text of the funding package here:

As films and television shows continue to honor the historic life and political accomplishments of President Abraham Lincoln, there sadly seems to be a lack of details of the events before and after the assassination of the time-honored commander-in-chief who abolished the enslavement of African Americans in the United States. But now that Monica Beletsky is getting her say, she hopes to give the viewing public a greater understanding of the events surrounding the assassination as the creator and showrunner of the new AppleTV+ series Manhunt. The first two episodes of the series are currently available on the streamer, with…

The “front page of the internet” is finally ready to go public.Reddit shares start trading on the New York Stock Exchange on Thursday.Here’s what you need to know about its IPO as it targets a $6.4 billion valuation. Reddit might have been self-anointed the “front page of the internet” almost two decades ago, but its time to face the public has just arrived.The social-media forum is set to list Thursday on the New York Stock Exchange — marking a milestone for the company created in 2005 by a pair of college roommates from the University of Virginia.Back then, Steve Huffman and Alexis…

Bitcoin hit a new record high last week, but has since lost ground. Profit-taking could be fueling the sell-off, which has also hit other tokens like ether and solana. But crypto experts are still backing the upcoming “halving” event to power bitcoin to new highs. Bitcoin bulls were celebrating record highs this time last week — but the cryptocurrency has been dealing with a hangover since then.The token has tumbled as much as 13% since hitting a record high of almost $74,000 and was trading at just under $68,000 on Thursday.These sorts of sell-offs aren’t uncommon in crypto — and…

By John Revill ZURICH (Reuters) – The Swiss National Bank cut its main interest rate by 25 basis points to 1.50% on Thursday, a surprise move which made it the first major central bank to dial back tighter monetary policy aimed at tackling inflation. The central bank, in the first rate decision since long-serving Chairman Thomas Jordan said he would step down in September, also cut its interest rate on sight deposits to 1.50%. The SNB’s decision, its first rate cut in nine years, was the first in a busy day for central banks in Europe, with the Bank of…

By Alexandra Ulmer (Reuters) – The biggest donor in this U.S. election cycle is Jeffrey Yass, a libertarian hedge fund owner who started off as a professional poker player and is now a major investor in TikTok’s Chinese owner ByteDance. Philadelphia-based Yass has donated more than $46 million to Republican causes so far in the 2024 election cycle, data from political donations tracker OpenSecrets shows. The funds have gone to support former rivals of Donald Trump for the Republican presidential nomination, as well as a raft of groups supporting school choice, programs that use taxpayer dollars to send students to…