US financial regulators are to try again to control the compensation of Wall Street CEOs, an unfulfilled mandate of the Dodd-Frank Act of 2010 that has kept falling short. The Federal Deposit Insurance Corp (FDIC) intends to vote on a… Read More ›
Economy & Finance
Stablecoin Tether Gains Traction As A Dollar Substitute In Emerging Markets, According To CEO
Tablecoin Paolo Ardoino, the CEO of Tether, stated on Friday that the company’s recent rise is not due to the desire for cryptocurrency trading, but rather to its use as a substitute for the US dollar in emerging economies. Stablecoins,… Read More ›
Due To Concerns Over Brand Safety, Hyundai Pauses Advertising On X
Hyundai of South Korea announced on Friday that it had stopped running advertisements on X, formerly known as Twitter, and that it is having direct conversations over brand safety concerns with the Elon Musk-owned social media platform. Reuters has requested… Read More ›
Tesla Stock Drops As A Result Of Deutsche Bank Raising Concerns About Robotaxi
On Thursday, Tesla’s stock dropped to its lowest level in over a year as a result of Deutsche Bank expressing concern about the electric carmaker’s growing emphasis on its autonomous vehicle offerings during lean times. In response to the brokerage… Read More ›
Biden Seeks To Triple Import Duties On Steel And Aluminium From China
While touring the crucial swing state of Pennsylvania, President Joe Biden is urging the U.S. Trade Representative to treble the tariff rate that China imposes on imports of steel and aluminium. The president is scheduled to visit the United Steelworkers… Read More ›
According To ACEA, Early Easter Reduced EU New Car Sales By 5.2% In March
Europe’s auto industry group stated on Thursday that new car sales in the EU decreased by 5.2% year over year in March, which was the largest loss since July 2022 and the first decline of the year. The decline was… Read More ›
Financial Dangers Persist Despite A “Soft Landing,” The IMF Cautions
The International Monetary Fund is issuing a warning against market overconfidence as investors wait for central bankers to successfully execute a “soft landing” in their protracted fight against inflation. Markets have been “quite optimistic” since the October edition of the… Read More ›
In The March Quarter, China’s Economy Expanded More Quickly Than Anticipated
Data released on Tuesday indicated that China’s economy expanded more quickly than anticipated in the first quarter, providing some respite to policymakers as they work to support growth in the face of persistent weakness in the real estate market and… Read More ›
The Bank Of England Will Significantly Revamp Its Archaic Inflation Forecasting Methodology
After a long-awaited assessment by former Federal Reserve Chair Ben Bernanke, the Bank of England announced a “once in a generation” reform of its inflation predictions. The assessment, which was started in response to criticism of the central bank’s policy… Read More ›
Global Investors Retreat From Equities Funds Due To Worries About Inflation
In the week ending April 10, global investors pulled out of stock funds for the second week in a row, as concerns about inflation persisted and hopes of a June rate decrease by the US Federal Reserve began to wane…. Read More ›
manageria.biz 