Author Archives
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US Fed Is Expected To Maintain Rate Stability And Predict Fewer Rate Reduction In 2024
On Wednesday, the Federal Reserve is expected to maintain current interest rates. This is because the policymakers’ latest economic forecasts are likely to indicate fewer rate reduction this year than initially thought. As the Fed’s two days of deliberations came… Read More ›
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US Increases Strategic Petroleum Reserve Purchases As Oil Prices Decline
The government of President Joe Biden announced on Friday that it has stepped up its purchases of crude oil to restock the Strategic Petroleum Reserve in the wake of its historic 2022 stockpile auction. Two bids were released by the… Read More ›
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Weight-Loss Medications Are Becoming More Popular In China
In China, Ozempic is a huge company. The diabetic medication was sold in the nation twice as much by the Danish pharmaceutical behemoth Novo Nordisk last year, for a total of about $700 million, or 5% of Ozempic’s worldwide sales…. Read More ›
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Although US Created 272,000 More Jobs In May Than Anticipated, The Unemployment Rate Increased To 4%
The United States economy created considerably more jobs in May than anticipated, allaying concerns about a downturn in the labour market and possibly lessening the Federal Reserve’s incentive to cut interest rates. The Labour Department’s Bureau of Labour Statistics announced… Read More ›
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Banks Claim Using AI More And More In Big Tech Poses New Concerns
According to European banking executives, the rise in artificial intelligence will make banks more reliant on large US tech companies, posing new threats to the sector. Since the release of OpenAI’s popular chatbot ChatGPT in late 2022, banks have been… Read More ›
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Wall Street Is Reeling From Indian Prime Minister Narendra Modi’s Election Results
Business executives in the United States are frantically making calls in an attempt to better comprehend the impact that Modi’s party’s inability to gain a supermajority would have on India’s economy and investment environment. This is a devastating electoral loss for… Read More ›
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According To A Global Poll, Staff Members Were Cautioned Against Using Whistleblower Hotlines
According to a global EY survey, more than half of whistleblowers have experienced pressure not to utilise internal hotlines to report suspicious activity at major international corporations and government agencies. Since a previous poll in 2022, the number of firms… Read More ›
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Platforms For “Re-Staking” Cryptocurrency Are Growing As Traders Seek Greater Profits
More than $18 billion worth of cryptocurrency has been transferred to a new kind of platform that pays investors for locking up their tokens. Analysts worry that this intricate plan puts consumers and the cryptocurrency market at danger. As cryptocurrency… Read More ›
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Data Of 560 Million Users Of Ticketmaster Allegedly Stolen
560 million Ticketmaster customers’ personal information is allegedly in the possession of a bunch of hackers. The gang claiming responsibility, ShinyHunters, claims that partial credit card details, phone numbers, addresses, and names of Ticketmaster users worldwide are among the stolen… Read More ›
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Notwithstanding Tokyo’s $62 Billion Intervention, The Yen Continues To Weaken
Over the course of the last month, Japanese officials intervened in the foreign exchange market to strengthen the yen, spending 9.79 trillion yen ($62.23 billion). While these actions prevented the currency from falling further, they are unlikely to stop longer-term… Read More ›
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