As you were browsing, something about your browser made us think you might be a bot. There are a few reasons this might happen, including: You’re a power user moving through this website with super-human speed You’ve disabled JavaScript and/or cookies in your web browser A third-party browser plugin is preventing JavaScript from running. Reference
Tag: Business News
Philadelphia Fed says it is looking for Harker successor
By Michael S. Derby NEW YORK (Reuters) -The Federal Reserve Bank of Philadelphia said on Wednesday it is launching a search to replace its current leader, Patrick Harker, who will retire next summer. “We will run an open and inclusive nationwide search including broad input” from the Philadelphia Fed district, Anthony Ibarguen, CEO of Quench
Hedge funds held gains in August market rollercoaster
By Nell Mackenzie LONDON (Reuters) – Global hedge funds posted positive results in August even as the unwind in popular yen carry trades whipsawed markets, bank research and sources familiar with the funds’ performance showed on Wednesday. Hedge funds posted an average positive 1.3% return for the month, according to a prime brokerage research note
Breaking News: Ripple to Launch USD-Pegged Stablecoin, RLUSD, Amid SEC Tensions
Breaking News Ripple to Launch USD-Pegged Stablecoin, RLUSD, Amid SEC Tensions Korea Blockchain Week has kicked off with a bang, revealing some groundbreaking developments poised to shake up the cryptocurrency market. In a notable media interaction at the event, Ripple CEO Brad Garlinghouse announced plans to introduce a new U.S. dollar-pegged stablecoin, Ripple USD (RLUSD).
Toncoin Slumps 13% In Hours! TON Price To Hit $4 Amid Telegram Probe?
Toncoin Slumps 13% In Hours! TON Price To Hit $4 Amid Telegram Probe? Since the arrest of Pavel Durov, CEO of Telegram, the Toncoin price has dropped over 23% in valuation. This highlights rising uncertainty for the altcoin in the cryptocurrency market. Notably, Toncoin (TON) is the 10th most-valued project with a capital of $11.833
USD/INR flat lines ahead of India PMI data
Indian Rupee trades flat in Wednesday’s Asian trading hours. Possible RBI interventions and lower crude oil prices might support the INR, while firmer USD could limit its upside. Investors await the HSBC India Services PMI on Wednesday for fresh impetus. The Indian Rupee (INR) holds steady on Wednesday. Traders remain vigilant for potential interventions from
Japanese Yen appreciates as Services PMI marks the seventh consecutive month of expansion
The Japanese Yen edges higher following the Jibun Bank Services PMI on Wednesday. Japan’s Yoshimasa Hayashi monitors domestic and international market developments with urgency. The US Dollar holds ground as traders adopt caution ahead of US employment data. The Japanese Yen (JPY) continues to strengthen against the US Dollar (USD) following the release of the
Australian Dollar remains weaker following GDP, China Services PMI data
The Australian Dollar remains weaker following the mixed economic data on Wednesday. The Bank of America has revised its economic growth forecast for China, lowering its 2024 projection to 4.8%. The US ISM Manufacturing PMI inched up to 47.2 in August from 46.8 in July. The Australian Dollar (AUD) extends its losses against the US Dollar
Gold price holds below $2,500 as investors await fresh drivers
Gold price edges lower in Wednesday’s Asian session. The escalating Middle East geopolitical tensions and firmer Fed rate-cut expectations might cap Gold’s downside. JOLTS Job Openings and Fed Beige Book are due later on Wednesday. The Gold price (XAU/USD) bounces off the multi-day lows but remains below the $2,500 barrier amid the renewed bid bias
Boeing’s Starliner is being haunted by unexplained noises
Photo: NASA In This Story The Boeing Starliner has been, in technical terms, a bit of a clusterfuck . Its development was hamstrung by Boeing’s greed , and now the spaceship is stuck on the International Space Station unable to transport its astronauts home. The ship is now scheduled to undock and head home later