Author: News Room

As the cryptocurrency landscape evolves at a breakneck pace, savvy investors are constantly on the lookout for the next big opportunity.In this article, we explore five of the most promising altcoins for April 2023, each boasting a unique proposition and enormous potential for growth. From innovative meme coins to environmentally conscious projects, these coins represent the future of cryptocurrency.1. Love Hate Inu (LHINU)Altcoin of the Month: Love Hate Inu (LHINU) is an innovative meme coin that has taken the crypto world by storm.Its unique Vote-to-Earn system is garnering significant attention, having already raised $3.48 million in its presale within a…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Persistent inflation remains the Federal Reserve’s No. 1 concern, even as the banking sector remains on edge after two big bank failures last month. This week’s Consumer Price Index, due to be announced Wednesday at 8:30 am ET, could determine whether the central bank raises rates again in May. That means it will also weigh on markets, especially now that Wall Street’s focus…

Are you ready for some “Sunday Ticket” football — with or without a pay TV subscription?For the first time this season, the NFL’s package of out-of-market games will be offered as part of Google’s YouTube TV, an internet-TV bundle of channels, as well as to those who don’t want to subscribe to a bundle of any kind, albeit, at a premium.For those who already subscribe to YouTube TV, which costs $72.99 a month, the base “Sunday Ticket” package will cost an additional $349 for the season. The streamer is also offering a bundle with Redzone, the NFL’s linear cable TV…

The International Monetary Fund on Tuesday released its weakest global growth expectations for the medium term in more than 30 years.The D.C.-based institution said that five years from now, global growth is expected to be around 3% — the lowest medium-term forecast in an IMF World Economic Outlook since 1990.”The world economy is not currently expected to return over the medium term to the rates of growth that prevailed before the pandemic,” the Fund said in its latest World Economic Outlook.The weaker growth prospects stem from the progress economies like China and South Korea have made in increasing their living…

The International Monetary Fund on Tuesday cut its global growth outlook for the year, warning the world economy faces the increased risk of a “hard landing” due to continued fallout from a spate of bank failures, higher interest rates and stubborn inflation.  The Washington-based institution said in its latest World Economic Outlook that global gross domestic product will grow by just 2.8% this year – which represents a 0.1 percentage point decline from its previous forecast in January – before rising to 3% in 2024.”The major forces that affected the world in 2022…seem likely to continue into 2023,” the report…

We believe that Emerson Electric stock (NYSE: EMR) is a better pick than Honeywell stock (NYSE: HON), given its better prospects. Honeywell is trading at a comparatively higher valuation multiple of 3.6x trailing revenues vs. 2.4x for Emerson, and we think that this gap in valuation should narrow in favor of Emerson, given its superior revenue growth and profitability, as discussed below. Looking at stock returns, Honeywell, with -11% returns this year, has fared marginally better than EMR, down 13%, and both have underperformed the broader markets, with the S&P 500 index, up 7%. There is more to the comparison,…

(Reuters) – The U.S. economy is at risk of shrinking in the second quarter, BofA Global Research wrote in a client note, following recent economic data that hinted that the Federal Reserve’s aggressive interest rate hikes were cooling the economy. “This week’s data flow is consistent with our view that the U.S. economy slowed steadily over the course of 1Q 2023,” BofA economists wrote in a note dated Friday and emailed Monday. “As a result, the hand-off to 2Q looks weak. We see meaningful risks of a contraction in GDP in 2Q.” BofA pointed to data from April 3 showing…

By Ambar Warrick Investing.com — Most Asian currencies rose slightly on Tuesday, while the dollar was somewhat mixed ahead of more cues on the U.S. economy and monetary policy from key inflation data due later this week. Still, gains in regional currencies were limited following a string of less hawkish cues from local central banks, amid signs that inflation was peaking across a bulk of the region. was flat as data showed inflation in the country missed expectations in March, while inflation continued to fall. The reading pointed to a mixed economic rebound in the country, especially as its manufacturing…

A look at the day ahead in U.S. and global markets from Mike Dolan Stock markets seem determined to see a glass half full in assessing the foggy growth and inflation outlook, with major bourses pushing higher again on Tuesday as the critical U.S. March consumer price readout looms. If, as many suggest, stocks are now trading more off growth than interest rate signals, then last week’s U.S. employment report had much to cheer about – with decent jobs growth along with the lowest annual wage gain since 2021. Ahead of the start of the first quarter earnings season this…

© Reuters. FILE PHOTO: A person enters a United States Postal Service (USPS) Post Office in Manhattan, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly By David Shepardson WASHINGTON (Reuters) – The United States Postal Service (USPS) on Monday said it was seeking approval to hike the price of first-class mail stamps to 66 cents from 63 cents. USPS won approval to hike stamp prices to 63 cents from 60 cents in January. The new hike – which the USPS says is needed to offset the rise in inflation – would take effect July 9 if approved by the…