Author: News Room

This is what it means to serve and protect in a nation awash in guns. Harrowing, yet humbling, body camera footage of two Louisville officers who rushed into gunfire in Kentucky on Monday shows the demands placed upon police who respond to America’s proliferating mass shootings and the terrible price they may pay. Video of what is effectively a street battle more akin to a foreign war zone than a US city basking in the morning sunshine offers a visceral antidote to the collective national shoulder shrug that often follows gun massacres. This is a raw, frightening scene, laced with…

The chief of Holiday Inn owner InterContinental Hotels Group has warned that the UK stock market is “not a very attractive place” for listed companies and called on authorities to get on the “front foot” to arrest further decline. Several shareholders in the group, which has been listed in London since it demerged from pubs business Mitchells & Butlers two decades ago, asked at an investor roadshow last month whether it had any plans to switch its primary listing to the US, IHG chief executive Keith Barr told the Financial Times. The group has a secondary listing in New York.…

I had a funny interaction with someone recently talking about their retirement and the passive nature of the cash market. They were explaining how they were constantly worried about how much cash flow and principal certainty they will have because their assets are mostly stocks and medium/long duration bonds. I said it sounded like they had an asset/liability mismatch (too much in long duration assets relative to their cash flow and behavioral needs) and that it was creating uncertainty and behavioral risks that were easy to avoid. I told them they should consider a bond ladder of 5 years with…

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Looking for an online store that accepts cryptocurrencies? Crypto Emporium is an established retailer that allows users to buy a wide range of products with Bitcoin, Ethereum, and other altcoins. In this Crypto Emporium review, we cover everything there is to know about this e-commerce site – including its products, features, fees, security, and customer support.What is Crypto Emporium?Crypto Emporium is an e-commerce platform that allows customers to use their digital currencies for online purchases. With a vast selection of products, the platform has quickly become a trusted destination for crypto users worldwide. It allows users to buy products with Bitcoin…

By Jorgelina do Rosario WASHINGTON (Reuters) -A combination of sticky high interest rates and lacklustre global growth could push a number of emerging economies that are facing soaring refinancing needs into debt difficulties next year. Many weaker economies navigated the fallout from the COVID-19 pandemic and the war in Ukraine with financing aid from multilateral and bilateral lenders. But repayments on emerging markets’ high-yield international bonds will total $30 billion in 2024, a steep increase compared to the $8.4 billion left for the remainder of this year. This adds a layer of complexity to more vulnerable countries if some issuers…

By Arathy Somasekhar (Reuters) – Oil prices were little changed in early trading on Wednesday after industry data showed an unexpected build in and gasoline inventories, offsetting concerns about tightening supply ahead of output cuts by OPEC producers. In a sign of market tightness, U.S. crude futures have flipped into backwardation, with the front month contract trading 6 cents higher than the second month. fell 5 cents at $85.57 a barrel by 0029 GMT, while U.S. West Texas Intermediate fell 6 cents to $81.48 a barrel. Data from the American Petroleum Institute (API) showed crude inventories rose by about 380,000…

2/2 © Reuters. FILE PHOTO: Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. REUTERS/Florence Lo 2/2 SHANGHAI (Reuters) – Chinese search engine giant Baidu (NASDAQ:) has filed lawsuits against “relevant” app developers and Apple Inc (NASDAQ:) over fake copies of its Ernie bot app available on Apple’s app store. The company’s artificial intelligence powered Ernie bot, launched last month, has been touted as China’s closest answer to the U.S.-developed chatbot ChatGPT. Baidu said it had lodged lawsuits in Beijing Haidian People’s Court against the developers behind the counterfeit…

The new president of the Chicago Federal Reserve said the central bank needs “to be cautious” about further increases in interest rates in light of the failure of Silicon Valley Bank and the resulting stress on the U.S. financial system. Austan Goolsbee, who took over the Chicago Fed in January, said the U.S. central bank should proceed with “prudence and patience” until it can determine the extent of the damage to the financial system. Since… Read the full article here

Gold prices settled Monday at their lowest in a week, but held above $2,000 an ounce amid a bout of what some precious-metals analysts have described as “profit-taking.” A stronger U.S. dollar also weighed on the yellow metal. Price action Market drivers Gold prices rose last week for the sixth week in a row. But prices declined Monday, down a third straight session, as global markets were caught in a post-Easter lull, with much of Europe still out. Monday’s… Read the full article here