Author: News Room

The Bank of Japan could deliver the first rate hike since 2007. Japanese Unions clocked the largest wage increase in over three decades. BoJ’s Governor Kazuo Ueda linked monetary tightening with higher wages. USD/JPY could collapse towards 146.48 on a hawkish decision.  The Bank of Japan (BoJ) will announce its monetary policy decision on Tuesday, pretty much at the same time that the Reserve Bank of Australia (RBA) will do the same. Central banks stand out this week, which will also include the decisions of the United States (US) Federal Reserve (Fed) and the Bank of England (BoE). The BoJ…

The Bitcoin price movement last week revealed a series of ups and downs, from starting the week at a new all-time high of $73,780 to crashing 12% in the days after to reach below $65,000. Crypto data analysts have spotted massive amounts of Bitcoin being withdrawn from major exchanges during the period of uncertainty, indicating that large investors anticipate further price appreciation. According to a social media post by crypto analyst Ali Martinez, the total BTC balance on crypto exchanges fell by over 21,400 in the past week, with the creation of 13 new whales, each holding over 1,000 BTC.…

Donald Trump’s former attorney Michael Cohen and adult film star Stormy Daniels will be allowed to testify at the former president’s New York criminal trial, a judge ruled Monday. Judge Juan Merchan denied a motion from Trump’s attorneys to prevent Cohen and Daniels – two key witnesses in the Manhattan district attorney’s case – from testifying at Trump’s hush money trial, which could begin next month. The district attorney’s office charged Trump with falsifying business records, accusing him of concealing the reimbursement of hush money payments Cohen made to Daniels before the 2016 election to keep her from going public about…

Topline As concerns have grown that former President Donald Trump, 77, and President Joe Biden, 81, are too old to serve another term amid repeated rhetorical missteps since announcing their campaigns, here’s a list of the most notable recent gaffes. Key Facts Trump (March 16): At a rally in Dayton, Ohio, Trump again mistakenly referred to former President Barack Obama, this time possibly confusing himself with Obama, though it remains unclear what he might have meant: “Joe Biden won against Barack Hussein Obama, has anyone ever heard of him?” Trump asked the crowd, before adding, “every swing state, Biden beat…

Nvidia CEO Jensen Huang unveiled the Blackwell chip — a next-generation AI chip succeeding its massively in-demand H100, which has served as a backbone of sorts amid an AI gold rush.The Blackwell chip, named after statistician and mathematician David Blackwell, is at least two times faster than its predecessor, Huang said in his keynote at the GPU Technology Conference (GTC) Monday in San Jose, California.”It’s now twice as fast as Hopper, but very importantly, it has computation in the network” — which amplifies its speeds even further, Huang said. It will be able to do things like turn speech into…

OpenAI CEO Sam Altman says in hindsight, the name may not be apt for the AI company.Elon Musk, who helped cofound OpenAI, has argued that it should not be called “open” if it’s not open-source. Altman said though the company’s tech may not be entirely open-source, it is open in other ways.  Sam Altman suggested OpenAI may not be the most ideal name for the artificial intelligence company — at least in hindsight. The 38-year-old OpenAI CEO — who cofounded the company along with Elon Musk and others in 2015 — explained on Lex Fridman’s podcast that when the company was just…

By Leika Kihara TOKYO (Reuters) – The Bank of Japan is expected to end eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus. While the move would mark Japan’s first interest rate hike in 17 years, it would still keep interest rates stuck around zero as a fragile economic recovery forces the central bank to go slow in any further rise in borrowing costs, analysts say. The move would make Japan the last central bank to ditch…

Cormorant Asset Management, LP, along with its associated entities, has recently sold a significant amount of Immuneering Corp (NASDAQ:IMRX) stock, according to the latest filings. The transactions, which occurred on March 14 and 15, 2024, involved the sale of Immuneering Corp shares for a combined total of approximately $2.74 million. The sale prices of these shares varied, with a range between $2.141 and $5.968 per share. On March 14, the sales were conducted at weighted average prices of $3.235, $4.245, $5.374, and $5.968 for different batches of shares. The following day, shares were sold at a weighted average price of…

The United Auto Workers union’s effort to organize the American plants of foreign automakers just took a major step forward as it filed for a representation election for the more than 4,000 hourly workers at the Volkswagen plant in Chattanooga, Tennessee. If the union were to win the vote, those workers would be the first current employees of a foreign automaker to be represented by a union. The union has announced a broad-based campaign to win representation at the American plants of 13 nonunion automakers. The UAW has faced declining membership over the decades partly because the traditional Big Three…

Heavy week for USD/JPY with BoJ and Fed in the barrel. Bank of Japan widely anticipated to pivot away from negative rates. Fed to update Dot Plot of interested rate expectations on Wednesday. USD/JPY is churning chart paper just above the 149.00 handle as investors gear up for a central-bank-heavy week. The Bank of Japan (BoJ) is expected to deliver an update on its negative interest rate regime early in the Tuesday market session after Japan’s spring wage negotiations showed the highest wage increases in over three decades. The Federal Reserve (Fed) is also expected this week and will drop…