Author: News Room

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.As the Metropoly platform launch draws nearer, the real-estate-backed NFT marketplace continues to gain momentum in its fundraising efforts after the presale crossed the $1.2 million fundraising milestone today.It seems that investors continue to pile into the presale to purchase METRO before the token finally goes live on tier-1 exchanges across the industry. With the Metropoly Marketplace set to launch on May 1st, 2023 – it’s not surprising to see investors leave the sidelines and enter the presale in its final stages. With the clock ticking, this…

Shares of Japanese trading houses rose in Tuesday afternoon trade after Warren Buffett, chairman and CEO of Berkshire Hathaway, said he plans to increase his holdings.In an interview with Nikkei, Buffett said he is considering additional investment in five major Japanese trading houses, adding that he was “very proud” of his existing investments in them.Shares of Mitsubishi Corp. rose 2.7% in Japan’s afternoon trade, Mitsui & Co. gained 2.6%, Itochu Corp climbed 2.5% and Marubeni Corp. advanced 3.7%. Sumitomo Corp. also rose 2.7%.Buffett told Nikkei that he is planning to meet with the companies later in the week “to really just have…

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said on Monday that financial system troubles that drove the central bank to provide large amounts of credit to banks is not collateral damage from the Fed’s aggressive effort to lower inflation. “I personally don’t think the pace of rate increases was behind the issues at the two banks back in March,” Williams said at an event held at New York University. The central banker, who is also vice-chairman of the rate-setting Federal Open Market Committee, was referring to the failures of Silicon…

By Karen Brettell NEW YORK (Reuters) – The dollar firmed on Monday after Friday’s solid jobs report boosted expectations for a U.S. interest rate hike in May, while the yen weakened as new Bank of Japan Governor Kazuo Ueda signaled no hurry to dial back its massive stimulus. U.S. employers hired at a strong pace in March, adding 236,000 jobs that pushed unemployment down to 3.5%, signaling labor market resilience that will keep the Federal Reserve on track to raise rates again next month. “In my view the pendulum of market sentiment is going to swing back in favor of…

© Reuters. FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann By Divya Rajagopal TORONTO (Reuters) – Glencore (OTC:) Plc Chief Executive Gary Nagle plans to meet with some of Teck Resources (NYSE:) Ltd’s Canadian shareholders in Toronto this Thursday to personally lobby them for support of Glencore’s proposed takeover of the and zinc miner, according to a source who was invited.     Royal Bank of Canada’s RBC Capital Markets will host the Toronto lunch meeting, according to Jonathan Case of CI Global Asset Management, a…

Goldman Sachs GS, +0.79% settled charges Monday with the Commodity Futures Trading Commission that it violated standards related to equity index swap transactions. Goldman admitted that it failed to make necessary disclosures for “same-day” swaps to clients in 2015 and 2016, the CFTC said Monday. “The purpose of the CFTC’s Business Conduct Standards is to promote transparency and fairness in the swaps market,” said Ian McGinley, the CFTC’s director of enforcement, in a statement. “The CFTC is committed to ensuring that swap dealers abide by these standards, so that swap counterparties receive disclosures allowing them to assess material aspects of…

April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here. Do you have the annual jitters about filing your taxes? If you want your tax return to go smoothly, experts advise filing online. The Internal Revenue Service’s backlog to process returns hovered at 2.17 million unprocessed individual returns at the end of March. That includes over half-a-million paper returns. You have been warned. Read the full article here

““Credit collapse, although terrible, is not as terrible as hyperinflation in terms of destruction wrought upon societies.”” — Paul Singer, hedge-fund manager and founder of Elliott Management That’s hedge-fund billionaire Paul Singer of Elliott Management, on why he thinks a deep recession and credit collapse will be necessary to purge financial markets of excesses created by more than a decade of easy-money policies. “I think that this is an extraordinarily dangerous and confusing period,” Singer told The Wall Street Journal, in a recent interview, warning that trouble in markets may only be getting started a year into the Federal Reserve’s…

Used car dealer CarMax is stuck between a rock and a hard place, just like so many other automotive-related companies in 2023, struggling to deal with rising interest rates and declining vehicle affordability. Investors will get a chance to see how the year is developing when the company reports fiscal year 2023 fourth-quarter earnings on Tuesday, before the market opens for trading. Wall Street is looking for 20 cents in per-share earnings from $6.1 billion in sales. A year ago, CarMax (ticker: KMX) reported 98 cents in per-share earnings from $7.7 billion in sales. Things are down year over year.…

Expelled lawmaker asked if he would change behavior if he’s reappointed After being expelled for protesting a lack of gun reform on on the Tennessee House floor, CNN’s John Berman asks Justin Pearson if he would continue to break the rules of decorum if he were reinstated. Read the full article here