Author: Press Room

© Reuters Investing.com– Most Asian currencies kept to a tight range on Tuesday, while the dollar steadied after recent gains as traders hunkered down before key U.S. inflation data and a Federal Reserve meeting due in the coming weeks. The and fell slightly in Asian trade. But the greenback held above 104 against a basket of currencies, as uncertainty over the Fed’s plans to cut interest rates in 2024 drove some flows into the dollar. data is due later in the day, and is expected to show that inflation eased slightly in November. But traders remained wary of a stickier…

The House Freedom Caucus elected a new chairman on Monday night, picking Rep. Bob Good, R-Va., as the hardline conservative group’s leader for 2024.Good was one of eight House Republicans who voted to oust former Speaker Kevin McCarthy, R-Calif., in early October.”No comment tonight,” Good told reporters while leaving a Freedom Caucus meeting just minutes before 10 p.m.HOUSE REPUBLICANS ANTICIPATE VOTE TO FORMALIZE BIDEN IMPEACHMENT INQUIRY ‘SOON’ Rep. Bob Good, R-Va., was elected to be the new Freedom Caucus chairman for 2024 (Drew Angerer/Getty Images)He was similarly coy earlier in the evening after a closed-door House GOP conference meeting. Asked…

It turns out that Silicon Valley’s tech titans keep in touch via WhatsApp too.A group chat with over 100 tech CEOs was speculating about Sam Altman’s firing from OpenAI, per the NYT.Meta CEO Mark Zuckerberg and Dropbox chief Drew Houston are part of the group, per the NYT. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app It turns out that billionaire tech moguls aren’t that different from regular people when it comes to industry gossip.When Sam Altman was ousted as OpenAI’s CEO in November, his…

A shortlived proposal by Deutsche Börse to form a joint venture with rival Euronext to revive European stock listings has underscored the region’s challenges in building a capital market to rival the US.Accounts of the precise nature of the discussions between the two largest stock exchange operators in the eurozone vary, but the proposals show discussions have taken place at senior levels in an effort to reverse the longstanding shift of capital away from Europe and to New York.Stéphane Boujnah, chief executive of Euronext, told the Financial Times that Theodor Weimer, head of Deutsche Börse, had approached him about 18…

2/2 © Reuters. FILE PHOTO: People pick up children from a school in Beijing, China, April 6, 2021. Picture taken April 6, 2021. REUTERS/Thomas Peter/File Photo 2/2 HONG KONG (Reuters) – Children are the most worthy investment for China’s economy to help stimulate consumption and expand domestic demand a Beijing policy institute said, after the country posted its first population drop in more than six decades last year. China, the world’s second-largest economy, has struggled to mount a strong post-pandemic recovery and any decline in its future workforce and consumer demand could have a profound impact on its economy. “In…

© Reuters. FILE PHOTO: A J.P. Morgan logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo By Selena Li HONG KONG (Reuters) – JPMorgan Chase (NYSE:) is set to outsource the operations of its local custody business in Hong Kong and Taiwan with Citigroup, HSBC and Standard Chartered (OTC:) in the race for the mandate, two sources with knowledge of the matter said. The Wall Street bank, the world’s third-largest global custodian, is in the process of selecting another bank to take over the local custodian operations in Hong Kong and Taiwan, said the sources.…

© Reuters. FILE PHOTO: A dried poppy is seen in a field next to a mulberry farm in Tangyan township in Lashio District, northern Shan State, Myanmar, April 22, 2018. REUTERS/Ann Wang/File Photo BANGKOK (Reuters) – Myanmar has become the world’s largest source of opium, thanks to domestic instability and a decline in cultivation in Afghanistan, the United Nations said in a report on Tuesday. The 95% decline in opium cultivation in Afghanistan after a drug ban by the Taliban in 2022 has seen global supply shifted to Myanmar, where political, social and economic instability brought about by a 2021…

Notable earnings after Tuesday's close

A federal judge in Texas on Monday upheld a ban that prevented state employees from using TikTok, the Chinese-owned short-form video app, on government devices and networks, rejecting a challenge by lawyers who argued that the prohibition had violated the First Amendment.The ban was challenged in July by the Knight First Amendment Institute at Columbia University. The institute filed the lawsuit on behalf of the Coalition for Independent Technology Research, whose members include Texas college professors who said that their work had been undermined after they were blocked from gaining access to TikTok on campus Wi-Fi and university-issued computers.In his…

US millennial women saw their well-being decline, a first in modern times, per non-profit PRB.Homicide, maternal mortality, and suicide rates have all increased for women aged 25 to 34.The sudden reversal in progress for young women’s safety comes despite an improved economic status. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app For decades, young women in the US saw sharp progress in their health and safety with each passing generation, but that momentum has now reversed for millennials.That’s according to a November 30 report…