Author: News Room

Gold price edges lower near $2,155 in Monday’s early Asian session.  FOMC is likely to hold rates at its March meeting on Wednesday and will not rush to cut rates. Chinese policymakers emphasized the need for continued implementation of a proactive fiscal policy and enhancing the country’s economic recovery. The Chinese February Retail Sales and Industrial Production will be due on Monday.  Gold Price (XAU/USD) hovers around $2,155 during the early Asian trading hours on Monday. The downtick of yellow metal is backed by US February stronger-than-expected inflation data, which might delay the interest rate cuts by the Federal Reserve (Fed).…

Crypto markets were on the edge this week with the release of key data in the United States. From inflation prints to retail sales, the data indicated a plethora of takeaways for digital asset enthusiasts. Here are the top 3 key takeaways that crypto investors should keep in mind while reading this week’s economic data. Fed’s Rate Cuts Both the CPI and PPI data suggested that inflation is proving to be sticker than what the market would have wanted it to be. The US PPI inflation data was released concurrently with the weekly unemployment figures. The US PPI inflation data…

We convened a Club meeting at Palm Beach Gardens on Saturday. We just didn’t know it. My wife, Lisa, and I were signing bottles of her finest Fosforo mezcal at Total Wine & More, and I can’t believe how many people showed. It reminds me that Florida has to be the venue for our next Club convention. We have too many fans to count. I wish I could say that we had 150 Tobala aficionados. We did have quite a few. But the first, and some would say, the only order of business was what I am doing out here…

Trump campaign defends his ‘bloodbath’ warning. Hear what political strategists think The Trump campaign is saying that presumptive Republican nominee Donald Trump was referring only to the US auto industry when he warned of a “bloodbath” if he wasn’t elected. Republican strategist Alice Stewart and Democratic strategist Maria Cardona debate what he meant.

31 goals and counting. Harry Kane cannot stop scoring for Bayern Munich. On Saturday, the English national team captain was one of the scorers in Bayern’s 5-2 victory over last-placed Darmstadt. Kane gave Bayern the lead in the 45th minute after Jamal Musiala had equalized Tim Skarke’s lead for Darmstadt (28’) in the 36th minute. Musiala (64’), Serge Gnabry (74’) and Mathys Tel (93’) were the other Bayern scorers. Oscar Vilhelmsson (95’) scored the second Darmstadt goal. But back to Kane. His 31st goal wrote history for the most goals scored in a debut Bundesliga season. The previous record was…

By Makiko Yamazaki, Scott Murdoch and Kane Wu TOKYO/SYDNEY/HONG KONG (Reuters) -Japan Inc’s pursuit of overseas deals is set to accelerate as the country’s corporate giants come under pressure to boost capital efficiency and the central bank moves towards ditching policies that depressed the currency. A growing number of Bank of Japan policymakers are warming to the idea of rising interest rates when they meet March 18-19, and while rate increases are widely expected to be incremental, the change would boost the yen and deal prospects, bankers and lawyers said. A stronger yen, which has gained about 1% against the…

Hardly a day has gone by in 2024 without a bad headline for Boeing, from life-threatening mid-flight crises up above to entrenched business debacles happening on the ground. So how does CEO Dave Calhoun still have a job? “It’s become an extreme embarrassment,” Richard Aboulafia, a longtime aviation analyst, told me. “The board seems weirdly absentee, investors seem weirdly complacent, and the government doesn’t seem to have a mechanism for dealing with this.” Let’s step back: Boeing’s (BA) stock has shed more than a quarter of its value this year, and it’s only March. One of its planes suffered a…

The decentralized finance (DeFi) crypto project Solana (SOL) has experienced a significant surge in investor interest, propelling the native token to rally to new heights, with meme coins launching on the platform also garnering significant attention. Amidst this surge in interest, on-chain data indicates that the Solana network is currently experiencing severe congestion, with significant implications for transaction processing and network performance. In particular, data shared on X (formerly Twitter) on March 17 by Dagnum_PI pointed out that the average ping time on the Solana network is reported to be between 20-40 seconds, indicating delays in communication between nodes. The…

Schiff: Schumer speech ‘should be an earthquake in Israel’ Democratic Rep. Adam Schiff tells CNN’s Dana Bash that “while I wouldn’t go as far” as Schumer in calling for new elections, the fact that Schumer did “should be an earthquake in Israel.”

Kung Fu Panda 4 is having a fantastic run at the box office. If you’ve finished the fourth movie, you might be wondering whether there will be a Kung Fu Panda 5. Here’s what to know about the future of the popular animated kids franchise. Starring Jack Black, Kung Fu Panda 4 premiered in theaters on March 8. Black returned as the beloved Panda named Po, the world’s most unlikely kung fu master, who was chosen to become the Spiritual Leader of the Valley of Peace. However, a wicked sorceress, a Chameleon (Viola Davis) who can shape-shift, wants the Staff…