USD/CAD rises to 1.3750, capitalized on the US Dollar’s recovery. Fed Kashkari sees progress in disinflation stalling due to the strong housing market. Investors await the Canadian Employment data for fresh guidance. The USD/CAD pair advances to the crucial resistance of 1.3750 in Wednesday’s European…
In 2022, at the height of the “great resignation,” a record 4.5 million workers each month — about 3% of the U.S. workforce — were quitting their jobs. While some economists have said this pandemic-era trend is over, new research from Microsoft and LinkedIn forecasts that even more people plan to…
The Georgia Court of Appeals will consider an effort by Donald Trump and his co-defendants to disqualify District Attorney Fani Willis from the 2020 election subversion case. In a brief order Wednesday, the court said it will hear the appeal from Trump and others challenging the ruling from Judge Scott…
“Don’t fight the Fed” is my top investing rule—but what the heck do we do when Jay Powell says one thing and then does another? We buy bonds! Below we’ll dive into a bond fund kicking out a sweet 9% yield and sending payouts our way every month. But first,…
How a visionary CEO transformed the fortunes of the Danish drugmaker In the Man Markets Meeting this week, the great Rory Powe – soon to celebrate a decade at Man Group – spoke eloquently about Novo Nordisk, a firm whose GLP-1 semaglutide treatments for diabetes (Ozempic) and obesity (Wegovy) are…
In 2022, many people were still working from home amid the pandemic’s disruptions to the workplace. They were wearing a lot of athleisure, and perhaps venturing back to movie theaters — this time to see “The Batman.”In the intervening 33 years, how young adults spent their money changed dramatically. Business…
US stock markets seem to have decided on a direction since last…
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Sophon, an entertainment-focused blockchain ecosystem, raised more than $60 million in a…
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POLITICS
View MoreWhen President Joe Biden visits Wisconsin on Wednesday, he’ll attempt to draw a direct line between his signature legislative achievements and shovels in the ground — and a direct contrast with Donald Trump — as he seeks to win over voters unhappy with the overall economy. Biden plans to announce a $3.3 billion investment from Microsoft to build a new artificial intelligence facility located on the same site where, in 2018, then-President Trump broke ground on what was supposed to be a signature project under his administration: an electronics factory for Taiwan’s Foxconn, which had secured billions in tax credits and promised thousands of…
By Luc CohenNEW YORK (Reuters) – Stormy Daniels took the witness stand on Tuesday at Donald Trump’s criminal trial and described in lurid detail her alleged 2006 sexual encounter with…
Staring down an end-of-the-week deadline to pass major Federal Aviation Administration legislation, Congress is preparing to reopen contentious differences. At stake is whether Congress passes the hefty, over 1,000-page bill…
The political rawness of the moment, as Israel pounds Gaza and outrage rocks American college campuses, means President Joe Biden’s big speech Tuesday condemning antisemitism is most notable for what…
Markets
View MoreOil continues losing ground after surprise comments from Iran about increasing output. WTI Oil snaps below $78 and looks set…
Finance
View MoreUber reported first-quarter results on Wednesday that came in slightly above analysts’ estimates for revenue, but the ridesharing company posted an unexpected net loss.Shares fell more…
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Microsoft said it is pouring $3.3 billion into building a data hub in Wisconsin that aims to train employees and manufacturers on how to best use artificial intelligence. President Joe Biden will appear at the site in Mount Pleasant, Wisconsin, on Wednesday to highlight the administration’s efforts to invest in…
Economy
Investing.com — Morgan Stanley informed investors in a note Wednesday that it does…
Fintech
Siemens Energy shares soared 12% on Wednesday after the German renewables firm…
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