Author: News Room

Watch full video on YouTube

Bitcoin (BTC), the world’s largest cryptocurrency, started this week on a solid upward trajectory and has remained stable around the $28,400 level. Similarly, Ethereum, the second most popular cryptocurrency, has gained substantial traction and is approaching the $1,900 mark in the wake of the upcoming Shanghai update scheduled for April 12.So, the total value of all cryptocurrencies on the market was just slightly higher at about $1.18 trillion or up less than 0.5 percent in the last 24 hours. The total trade volume increased by nearly 11% to $29.98 billion.So, the total value of all cryptocurrencies on the market was…

From Dallas and Minneapolis to New York and Los Angeles, offices sit vacant or underused, showing the staying power of the work-from-home era. But clear desks and quiet break rooms aren’t just a headache for bosses eager to gather teams in person. Investors and regulators, on high alert for signs of trouble in the financial system following recent bank failures, are now homing in on the downturn in the $20 trillion US commercial real estate market. Just as lenders to the sector grapple with turmoil triggered by rapidly rising interest rates, the value of buildings such as offices is crashing.…

If you think that raising capital is the best way to get your business off the ground, you’re wrong, according to Mark Cuban.You should actually do the complete opposite, the billionaire entrepreneur said during a panel at SXSW last month, and opt to start a business “with as little money as possible.”Cuban, of course, has invested in hundreds of startups, including some on ABC’s “Shark Tank.” But those companies often already have momentum, and need external funding to achieve a specific goal.”People get this mindset that, ‘OK, I’m starting a business. Now, I’ve got to go raise money,'” Cuban said,…

By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund expects global economic growth to dip below 3% in 2023 and to remain at around 3% for the next five years, Managing Director Kristalina Georgieva said on Thursday, flagging increased downside risks. That is the global lender’s lowest medium-term growth forecast since 1990, and well below the average growth of 3.8% seen in the past two decades. Georgieva said strong monetary and fiscal policy actions to respond to the COVID-19 pandemic and Russia’s invasion of Ukraine had prevented a much worse outcome in recent years, but growth prospects remained weak given…

By Peter Nurse Investing.com – The U.S. dollar edged higher in early European trade Wednesday, attempting to arrest two days of losses, but this safe haven remained fragile given the growing confidence in the health of the global banking sector. At 03:00 ET (07:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 102.328, after drops of about 0.3% in each of the past two sessions. The index remains marginally above last week’s low of 101.91, its weakest level since early February. Fed Vice Chair for Supervision told a Senate Banking…

By Ambar Warrick Investing.com — Gold prices fell slightly on Tuesday after rallying back to key levels in the prior session as markets considered the potential for more economic turmoil this year amid a manufacturing slowdown and rising fuel costs. The yellow metal saw a resurgence in safe haven demand on Monday after a string of weak manufacturing readings from the world’s largest economies, which could herald a potential economic slowdown later this year. Market was also caught off guard by a surprise output cut by the Organization of Petroleum Exporting Countries and allies (OPEC+), which is likely to result…

5/5 © Reuters. Delivery trucks are parked at a parking area along the highway in Chiba, east of Tokyo, Japan April 6, 2023. REUTERS/Issei Kato 2/5 By Mariko Katsumura and Satoshi Sugiyama TOKYO (Reuters) – Truck driver Yuichi Tomita has been delivering packages all over Japan for two decades, often clocking 40 straight hours on the road. He says the work is tough but a source of pride, and one he’s never thought of quitting – until now. On April 1, 2024, the government will limit truck drivers’ annual overtime to 960 hours, among other reforms officials say are meant…

The commercial real-estate sector is headed for a “real mess” but not necessarily a financial disaster, a leading economist said Monday. “I expect a major correction in commercial real estate is already under way,” said Adam Posen, president of the Peterson Institute for International Economics. The cause is not complicated. Office occupancy is “lastingly” down 30% to 40% since the start of the pandemic, he said. Even if the problem is that simple to diagnose, the cure has been slow in coming. The whole industry seems frozen in place. “We haven’t seen smooth repricing or terribly transparent repricing of the…

Borrowers are slated to resume student loan payments in a few months and if they need help, it may be harder to get someone on the phone than in the recent past. In documents filed with the Securities and Exchange Commission, Nelnet NNI, -0.18%, a publicly traded company that owns two major student loan servicers, detailed changes to its contract with the Department of Education starting April 1, including cutting the minimum number of hours its customer service center is required to be open each week.  The company also said it laid off 550 staff. The cuts come after the Department…