Author: News Room

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose to a five-day high against the Japanese yen on Monday as authorities’ efforts to rein in worries over the global banking system helped soothe investor nerves. The U.S. currency, however, clung to a narrow range against most major currencies as investors appeared hesitant to place big wagers in either direction as they sought clarity on the fallout from the recent collapse of two U.S. lenders and the rescue of Credit Suisse. “Feels like a market that is tired with overnight ranges very narrow and volumes very light,” said Brad Bechtel,…

By Laura Sanicola (Reuters) -Oil prices settled lower on Monday, after rising for three straight weeks, as concern about further interest rate hikes that could curb demand balanced the prospect of a tighter market due to supply cuts from OPEC+ producers. The U.S. dollar rose after U.S. jobs data pointed to a tight labor market, heightening expectations of another Federal Reserve rate hike. Dollar strength makes oil more expensive for other currency holders and can weigh on demand. settled down 96 cents, or 0.2%, at $84.58 a barrel while U.S. West Texas Intermediate also fell 94, or 0.1%, to $79.74.…

© Reuters. FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 31, 2023. REUTERS/Andrew Kelly By Stephen Culp NEW YORK (Reuters) – U.S. stock indexes clawed back from steep losses to a mixed close on Monday as investors digested Friday’s employment report and prepared for an eventful week of inflation data and bank earnings. Megacap momentum stocks dragged the tech-heavy Nasdaq slightly lower, while industrials helped boost the blue-chip Dow into green territory. The bellwether ended the session nominally higher. Economically sensitive transports, semiconductors, small-caps and industrials outperformed…

There are no clear signs of a credit crunch in the economy following the collapse of Silicon Valley Bank, New York Fed President John Williams said Monday. “We haven’t seen any clear signs yet of credit conditions tightening,” Williams said, during a meeting with students at New York University. There have been periods in the past where banks have hunkered down and it has affected spending and employment, he said. The Fed doesn’t know if this will happen or how big the effect will be, and it will continue to monitor the data, he said. Figuring out whether credit tightening…

I asked my girlfriend to move in with me and am having a moral personal dilemma when it comes to rent. She has said she would not move in with me if she wasn’t paying, so nothing isn’t an option. I bought the house in November 2019, and up until a few months ago I have always had two roommates paying me rent. One just moved out to live with family as a result of health complications. The other roommate moved in a few months ago. Despite not having a lease, I would feel bad asking my remaining roommate to leave…

Gold futures finished a bit lower on Wednesday after posting back-to-back session gains that lifted prices to within 2% of their record settlement high. Weaker than expected U.S. economic data fueled expectations for a recession, supporting the precious metal’s appeal as a haven investment, analysts said. Price action The June gold contract  GC00, +0.13% GCM23, +0.13% declined by $2.60, or 0.1%, to settle at $2,035.60 an ounce on Comex after trading as high as $2,049.20. Prices on Tuesday ended at the highest level since early March of last year. The record-high settlement based on the most-active contracts stands at $2,069.40…

Taiwan Semiconductor Manufacturing reported its first drop in monthly revenue in almost four years as macroeconomic headwinds hit the world’s largest maker of computer chips, putting the group’s first-quarter earnings due April 20 in the spotlight. TSMC (ticker: TSM) reported revenue of 145.4 billion Taiwanese dollars in March ($4.8 billion), down 11% from February and falling 15% from March 2022. It’s the first annual drop in monthly revenue since May 2019, according to Dow Jones Newswires. The chip making giant flagged in January that “as overall macroeconomic conditions remain weak, we expect our business to be further impacted by continued…

Former President Donald Trump is expected to be back in New York City to face another legal battle Thursday – this time in a civil lawsuit filed by New York Attorney General Letitia James, multiple sources told CNN. Trump is scheduled to sit for another deposition for the suit brought against him, his children and Trump Organization, alleging they were involved in an expansive scheme lasting over a decade by providing false financial statements to lenders and others that the former president used to enrich himself. Trump sat for a deposition for the case in August 2022, when he refused…

Israel’s prime minister Benjamin Netanyahu has reversed his decision to fire defence minister Yoav Gallant, amid deteriorating security that has left the country battling threats on multiple fronts.Netanyahu originally said two weeks ago he would sack Gallant after the defence minister spoke out against the government’s controversial plans to weaken the powers of the judiciary. The minister warned that the deep polarisation caused by the proposals was undermining Israeli security.Netanyahu’s decision sparked mass protests and a shortlived general strike that closed banks, shopping malls and even Israel’s international Ben Gurion airport, forcing Netanyahu to back down and postpone the bulk…

Artificial Intelligence emotion is spiking technology stocks higher and helping Nvidia Corporation (NASDAQ:NVDA) become more overvalued and overbought. It has our proprietary Buy Signal, but we like to buy on weakness, during a pullback in the market or the stock price. We have two Timing signals that will be triggered when that happens. We like stocks that have both our Buy Signal and a pullback in price. We currently have about 40 stocks in the Index that have our proprietary Stocks In Demand, SID Buy Signal which uses both fundamentals and technicals. (We will be happy to send you that…