Author: Press Room

© Reuters Investing.com– Most Asian currencies crept lower on Tuesday, while the dollar clocked small gains before key U.S. inflation data that is expected to determine the path of monetary policy. Concerns over China also weighed on regional sentiment, as data showed a further slowdown in in the country through October. This saw the fall 0.1%, coming close to the 7.3 level against the dollar. Chinese readings on and are also due this week.  The hovered around its weakest level in a year against the greenback, although further losses in the currency were stifled by Japanese authorities once again warning…

It was late October and Tim Scott’s campaign manager, Jennifer DeCasper, was trying to rally the troops on an all-staff call, announcing that they would soon relocate to Iowa in a last-ditch move to salvage his floundering presidential bid. She broke the news from the back seat of an Uber, according to four people familiar with the call.As the car bumped through the streets of Chicago after a Scott speech had run long, Ms. DeCasper insisted, “We are not failing.”But by then, even many of those around Mr. Scott believed his candidacy had already run its course.His debate performances were…

Former Trump lawyer Jenna Ellis said an advisor told her the president would not leave his post.A legal analyst told CNN Ellis gave “golden evidence for prosecutors both in Georgia and in DC.”Trump was indicted in Georgia on charges related to overturning the 2020 election results. 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 A recent testimony from former Trump lawyer Jenna Ellis could prove fatal to Donald Trump’s defense, a legal analyst told CNN.On Monday, ABC News obtained confidential interviews that Ellis gave to…

Financial resilience can be boosted enormously by understanding how money works in everyday life. Financial literacy education gives young people the foundations for future prosperity — and can help economically disadvantaged people out of deprivation. The FT invites readers to join the FT FLIC campaign to promote financial literacy in the UK and around the world

© Reuters. People walk in front of the bank of Japan building in Tokyo, Japan, April 7, 2023. REUTERS/Androniki Christodoulou By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan is expected to end its negative interest rate policy in April and keep raising short-term borrowing costs next year on heightening prospects of sustained wage growth, its former top economist Hideo Hayakawa said on Tuesday. With inflation already exceeding the BOJ’s 2% target for more than a year, the central bank tweaked yield curve control (YCC) in October to allow long-term rates to rise more – a…

© Reuters. Passengers line up to check bags before their flights at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S. June 28, 2022. REUTERS/Elijah Nouvelage By David Shepardson WASHINGTON (Reuters) -Major U.S. airlines and the Transportation Security Administration (TSA) said Monday they expect record air travel over the Thanksgiving holiday air travel period. Airlines for America, an industry group representing American Airlines (NASDAQ:) United Airlines, Delta Air Lines (NYSE:) and others, forecasts 29.9 million passengers between Nov. 17-27, an all-time high and up 9% over the 27.5 million in the same period last year — and up 1.7 million passengers…

Julia Rendleman Anthem, now known as Elevance (NYSE:ELV), and Cigna’s (NYSE:CI) Express Scripts unit have reportedly settled the last pending claim in a long-running case that had Anthem suing for $14.8B in damages over alleged breach of contract. Anthem filed the suit in 2016, alleging that Express Scripts had failed to negotiate drug prices in good faith. A federal judge dismissed Anthem’s central claim earlier this year, but allowed the case to proceed on other claims, according to Reuters. Reuters added that settlement of the last claim would allow a final judgment to be entered for the case, which would…

White House press secretary Karine Jean-Pierre on Monday refused to say whether the Biden administration would support cooperation with a congressional subpoena for a former official to testify as part of the investigation into the president’s alleged mishandling of classified documents.”I’m just not going to comment from here, which is consistent with what we’ve been doing from here,” Jean-Pierre told Fox News’ Mark Meredith, who asked if the administration would support cooperating with the subpoena issued for former White House Counsel Dana Remus.Fox News first reported that House Oversight Committee Chairman James Comer, R-Ky., and House Judiciary Committee Chairman Jim Jordan,…

REITs, real estategetty Real estate investment trusts had a nice run in 2021 but it’s been rough going for the sector ever since. Today, these 5 REITs continued the downward trend, reaching brand new 12-month lows even as the group in general has bounced off of late October lows. Each situation has its own group of factors but the Fed’s practice of higher interest rates for longer had a big effect on real estate investment trusts. Higher borrowing costs tend to discourage new investors and that has a negative effect on underlying property values. While other REITs may be finding…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An oil analyst at a US commodities trading house has been dismissed after a video that circulated on social media showed him in a tense exchange with an onlooker as he covered up what appeared to be posters of Israeli hostages in Gaza.Kurush Mistry had worked at Freepoint Commodities for nine years, according to his LinkedIn page. He was previously employed at the banks Morgan Stanley, Barclays and Lehman Brothers.A video posted on social media late last week showed Mistry papering over…