Author: IA PressRoom

© Reuters. FILE PHOTO: A passerby walks past an electric monitor displaying recent movements of various stock prices outside a bank in Tokyo, Japan, March 22, 2023. REUTERS/Issei Kato By Stella Qiu SYDNEY (Reuters) – Asian shares and Wall Street futures rose on Monday as a weekend deal by U.S. President Joe Biden and House Speaker Kevin McCarthy to suspend the government’s debt ceiling provided relief for investors although China worries capped sentiment. Europe is set to open slightly higher, with pan-regional up 0.2%. rose 0.3% while Nasdaq futures firmed 0.5%. After weeks of negotiations, congressional Republican McCarthy and Biden…

Source: Kannapat/AdobeThere has been a spike in South Korean crypto scams that target young women on social media platforms, a new study has revealed.Per iNews24 and Hanguk Kyungjae, the study revealed that 71% of “romance scam victims” ensnared via social media in 2022 were women.The vast majority of these women were “aged 39 or below.”Almost 63% of these “romance scams” made use of crypto, fake coins, fake foreign exchange transfers, or bogus token trading platforms.The data was compiled by a postgraduate student at the elite Korea University and used data from recent police reports.Most scammers appear to make use of…

Rep. Matt Rosendale, a Republican from Montana, released a statement Sunday evening signaling he would vote against the “Fiscal Responsibility Act,” the debt ceiling deal released to the public earlier in the day by House Speaker Kevin McCarthy, R-Calif. Rosendale said the proposal, which he called the “Fiscal Irresponsibility Act,” failed to rein in federal spending. He also said lawmakers who support the bill are insulting the American people.”The D.C. Swamp has proposed the largest debt ceiling increase in our nation’s history, adding $4 trillion to the existing $31 trillion national debt,” said Rosendale. “The Fiscal Irresponsibility Act fails to cut…

Monday's economic calendar

Elon Musk has approved more government requests for censorship on Twitter than his predecessor. A “free speech absolutist,” Musk previously said he’d only censor Russian news “at gunpoint.” Now facing criticism over Twitter’s track record, he says there’s no “actual choice” but to comply. 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 After less than a year running the social media site, Elon Musk, who once said he’d only comply with governmental requests to censor content on his platforms “at gunpoint,” now says Twitter…

U.S. new-home sales decreased 8.6% to an annual rate of 763,000 in March, the government said Tuesday. That figure represents the quantity of homes that would be sold over a yearlong period of time if the same number of properties were bought each month based on the rate of sales in March. Compared to a year ago, sales were down 12.6%. Economists polled by MarketWatch expected new-home sales in March to drop to an annual rate of 770,000.

WPP, one of the world’s largest advertising groups, has teamed up with chipmaker Nvidia to use generative artificial intelligence in the production of advertising at scale for its clients.The new technology platform, which will be announced by Nvidia boss Jensen Huang in Taiwan on Monday, will allow WPP to use AI to create in minutes campaigns that would have previously taken weeks. The platform combines 3D imaging software that can be used to produce a fully accurate photo realistic image — of a car, for example — which can then be taken into a video or 2D advertising generated by the…

© Reuters. FILE PHOTO: A view shows the dismantled McDonald’s Golden Arches after the logo signage was removed from a drive-through restaurant of McDonald’s in Khimki outside Moscow, Russia May 23, 2022. REUTERS/Lev Sergeev (Reuters) – Foreign investors who left Russia after selling their businesses there between March 2022 and March 2023 withdrew about $36 billion from the country, the state RIA news agency reported on Monday, citing analysis of data from the Central Bank. Scores of the world’s biggest companies have left or scaled back their operations in Russia in response to Moscow’s invasion of Ukraine in February 2022.…

© Reuters. Investing.com — Most Asian stocks rose on Monday as markets cheered a tentative deal between U.S. lawmakers to hike the debt ceiling and avert a default, with Japan’s Nikkei racing back to near 33-year highs on improved risk appetite. The was the best performer in Asian markets, up 1.4% to its highest level since July 1990. Gains were driven largely by heavyweight chipmaking and financial stocks, as technology shares continued to benefit from expectations that interest in artificial intelligence will drive demand this year. Nvidia Corporation (NASDAQ:) supplier Advantest Corp (TYO:) jumped 5.2% to a record high, and…

This week in crypto: Mastercard’s EVP said crypto and blockchain can bring much more value to financial industries, a former BNY Mellon exec argued that ambiguity may be useful in crypto cybersecurity, Ripple CEO announced a plan to utilize $1bn cash reserves for company expansion, and Elon Musk said he wasn’t advising anyone to buy DOGE. US President Joe Biden blasted wealthy tax cheats and crypto traders, calling them undeserving beneficiaries of Republican lawmakers’ pro-crypto deals on the new budget.Then, Reuters reported that Binance mixed company revenues with customer funds in the US, the exchange denied the claims, and Reuters…