Asian currencies experienced a slight increase on Wednesday as the dollar weakened, providing some relief to regional markets. Despite this, the Japanese yen continued to underperform, leading to fears of government intervention. The greenback’s retreat from recent highs was influenced by soft purchasing managers index data, but expectations of higher U.S. interest rates kept traders
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Galactix.io, based in Tortola, British Virgin Islands, is making waves in the online gaming world with its innovative approach to casino games. Unlike traditional online casinos, Galactix prioritizes captivating game narratives that take players on a cosmic adventure through galaxies and new worlds. This narrative-driven exploration not only adds excitement to the gaming experience but
SKALE, the gas-less EVM-compatible blockchain, has made significant strides in the first quarter of 2024. With over 300 million total transactions and a monthly average of 30 million transactions, SKALE has proven to be a platform that offers projects a seamless experience without the usual hindrances of minting fees or gas costs. Achieving groundbreaking gas
The influence of anti-environmental, social, and governance (ESG) laws on municipal borrowing costs is a topic of increasing concern in the financial world. Recent research conducted by the Oklahoma Rural Association sheds light on the detrimental effects of such laws on municipalities in Oklahoma. These laws, which aim to combat perceived boycotting of certain industries
Rockefeller Asset Management recently announced the addition of three new portfolio managers to strengthen its municipal investment strategies within its fixed income division. Scott Cottier, Mark DeMitry, and Michael Camarella, who previously managed the California Value Municipal Income Trust and the Trust for Investment Grade New York Municipals at Invesco, will be joining Rockefeller. These
UBS recently adjusted its forecast for the USD/JPY currency pair, attributing the change to the strength of the US dollar. The firm updated its quarter-end predictions for the pair to ¥155 for June 2024, followed by ¥152, ¥148, and ¥145 for the subsequent quarters through March 2025. This revision comes as the market reacts to
PepsiCo faced challenges in the first quarter of 2023, with weaker U.S. demand impacting its earnings. The company reported quarterly earnings and revenue that exceeded analysts’ expectations, despite the setbacks caused by Quaker Oats recalls and consumer backlash due to higher prices for its beverages and snacks. While PepsiCo’s earnings per share of $1.61 adjusted
UBS recently adjusted its forecast for the USD/PLN currency pair, taking into account significant factors such as changes in the Federal Reserve’s interest rate outlook and escalating tensions in the Middle East. The firm now predicts that the exchange rate will reach 4.10 in the second quarter of 2024, gradually decreasing to 3.92 by the
The U.S. Federal Trade Commission has taken a bold stand by suing to block the $8.5 billion acquisition of Capri Holdings by Tapestry, the parent company of Coach and Kate Spade. This move has put a temporary halt to a deal that would bring together six iconic fashion brands under one umbrella: Coach, Kate Spade,
Recently, Goldman Sachs analyst Eric Sheridan named Amazon as the top e-commerce pick, anticipating strong trends in the sector for the first quarter. Sheridan maintained a buy rating and a $220 price target on Amazon, which implies a potential upside of about 26% for the stock. The analyst highlighted resilient consumer spending in the first