Author: News Room
U.S. Treasury Secretary Janet Yellen on Tuesday said it was important not to overdo the negativism in the outlook for the global economy. “I think that we should be more positive,” Yellen said, during a press conference ahead of meetings with finance ministers and central bank governors at semi-annual IMF-World Bank meetings. “The outlook… Read the full article here
National CineMedia Inc., the nation’s largest movie-theater advertising network, filed for Chapter 11 bankruptcy late Tuesday. Earlier in the day, CineMedia stock NCMI shot more than 50% higher after movie-theater operator AMC Entertainment Holdings Inc. AMC disclosed that it owned a significant chunk of the company. See: National CineMedia… Read the full article here
Traders are growing increasingly confident that U.S. stocks are headed for a selloff. But history shows the opposite is more likely, according to an analysis by one macro strategist. Speculative traders are more bearish than at any time in the last decade, according to the latest release from the Commodity Futures Trading Commmission’s weekly commitment of traders report, which tracks futures-market positioning in a number of currencies, commodities and U.S. equity indexes. Net-short… Read the full article here
Military exercises suggest China is getting ‘ready to launch a war against Taiwan,’ island’s foreign minister tells CNN One day after China simulated “joint precision strikes” on Taiwan during military exercises around the island, Taiwan’s Foreign Minister Joseph Wu condemned Beijing’s actions in an exclusive interview with CNN and warned that “they seem to be trying to get ready to launch a war against Taiwan.” Read the full article here
European aviation faces more than €800bn in extra costs to reach net zero emissions by 2050, according to industry estimates that highlight the challenge facing the sector as it decarbonises. The industry has committed to hitting net zero carbon emissions through a mix of new technologies, notably alternative fuels, as well as carbon offsets and more efficient aircraft, engines and air traffic management. Reaching net zero would need “considerable additional efforts compared to business as usual”, and would cost €820bn over a 32-year period from 2018 to 2050, according to a report commissioned by airline industry bodies.By far the biggest expense…
Rose’s Income Garden “RIG” RIG is a defensive income-quality value-built portfolio with 80 stocks from 11 sectors. RIG contains investment-grade common stock along with high yield (“HY”) business development companies (“BDCs”) and real estate investments. The income goal is to keep 50% of it from defensive sectors/ stocks and hold a dividend income yield of 4% or more, which usually is easily over 4.5%. The yield sits at 4.65% with 13.7% cash which means March finished with a nice even steady state portfolio for both value and income. The goal is for safe defensive income, with value investing being important…
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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Utopia Messenger, the messaging app that prioritizes privacy and security, is excited to announce the addition of ChatGPT, your personal assistant that’s available 24/7. ChatGPT is an AI-powered chatbot that can help answer your questions and provide useful information in real-time. The best part? It’s completely free and available right after you install Utopia Messenger.With ChatGPT, you can get help with a variety of tasks. Whether you need to check the weather, find a nearby restaurant, or get the latest news, ChatGPT can assist you. And because…
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s new central bank governor Kazuo Ueda said it was appropriate to maintain the bank’s ultra-loose monetary policy for now as inflation has yet to hit 2% as a trend, suggesting he will be in no rush to dial back its massive stimulus. But Ueda said the Bank of Japan (BOJ) must also avoid being too late in normalising monetary policy, a sign he will be more open to the idea of tweaking its controversial bond yield control policy than his dovish predecessor Haruhiko Kuroda. “If the BOJ suddenly realises that…
By Ambar Warrick Investing.com — Most Asian currencies moved little on Wednesday, while the dollar retreated further as markets awaited more cues on monetary policy from key inflation data and the minutes of the Federal Reserve’s March meeting due later in the day. A from Minneapolis Fed President Neel Kashkari also kept sentiment subdued, although he also warned that higher inflation was likely to be worse for the jobs market. The dollar took little support from Kashkari’s comments, with the and both down about 0.2%. But futures were trading at a lower level than the index, indicating that investors are…
