Author: IA PressRoom

Source: AdobeThe European Union’s executive branch will unveil plans for a digital euro that would require the European Central Bank to set limits on its use, according to a report from Bloomberg News. The ECB would have to decide on the instruments needed to ensure financial stability, according to a draft European Commission proposal on setting up a digital euro obtained by Bloomberg. “With a view to ensuring the stability of the financial system, the availability of credit and the transmission of monetary policy, the use of the digital euro as a store of value may be subject to limits,” the draft proposal…

With Advanced Micro Devices Inc. making its big push into the AI data-center market at its event in San Francisco this week, following Nvidia Corp.’s similar event in late March, one analyst sees both companies launching into a tighter-than-expected market. The growth of artificial-intelligence products, which rely on massive data centers run by cloud-service providers or “hyperscalers,” has figured highly into the performance of both Nvidia NVDA and AMD AMD this year. Nvidia shares are up 187% year to date — giving the company…

COTTBUS, GERMANY – APRIL 12: A loan wind turbine spins as exhaust plumes from cooling towers at the … [+] Jaenschwalde lignite coal-fired power station, which is owned by Vatenfall, April 12, 2007 at Jaenschwalde, Germany. Germany is planning the construction of 40 new coal-fired power plants, though officials claim the plants are based on technology that radically increases their efficiency. The Jaenschwalde power plant, built by the former East German government in the 1980s, emits 25 million tons of CO2 annually and is among the biggest single producers of CO2 emissions in Europe. (Photo by Sean Gallup/Getty Images)Getty Images…

CNN  —  Former President Donald Trump delivered a blunt message to Americans on Tuesday night, speaking outside his New Jersey club hours after pleading not guilty in a Miami courtroom to a vast and damning federal indictment. “Today we witnessed the most evil and heinous abuse of power in the history of our country,” Trump said of his second arraignment in three months, adding that the “day will go down in infamy.” The former president and 2024 GOP primary frontrunner may be in dire legal straits, but as a candidate, his tactics are becoming clear to see: Incite anger at…

The Bank of England has launched a review of how it makes and uses economic forecasts after coming under fire from politicians for repeatedly failing to predict the rise and persistence of UK inflation.In a letter on Wednesday, David Roberts told the House of Commons Treasury committee that the central bank’s governing body, which he chairs, had in May decided to commission a broad external review of its “forecasting and related processes during times of significant uncertainty”.The announcement of the review came as traders increased bets on further interest rate rises, and mortgage lenders rushed to reprice loans, on the…

© Reuters. FILE PHOTO: The U.S. Federal Reserve building is pictured in Washington, March 18, 2008. REUTERS/Jason Reed/File Photo By Michael S. Derby WASHINGTON (Reuters) – U.S. Federal Reserve officials penciled in additional rate rises for this year and said they foresee inflation pressures continuing to ease over the next few years, in updated forecasts released on Wednesday. The projections, released quarterly, came as part of a Federal Open Market Committee meeting that saw policymakers hold their interest rate target range steady at between 5% and 5.25%, bypassing an increase for the first time since they kicked off their aggressive…

© Reuters. FILE PHOTO: A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic By David Shepardson WASHINGTON (Reuters) – A bipartisan group of six senators and two members of the House of Representatives on Wednesday introduced legislation to protect Americans’ data from being used by U.S. adversaries. The bill is the latest in a series of proposals aimed at addressing concerns about the data of Americans using foreign-owned social media apps like TikTok. Senate Finance Committee Chairman Ron Wyden, a Democrat, said the bill “would turn off the tap of data to…

MANA Chart / Source: TradingViewAnalysts are warning that Decentraland’s $MANA token could be going to zero in wake of the US Security and Exchange Commission’s (SEC) labeling of the token as an unregistered security.The US regulatory agency labeled the token as such as part of dual lawsuits unveiled against Coinbase and Binance last week, sending its price tumbling.$MANA was last changing hands in the mid-$0.34s per token, down 25% for the month and down more than 94% versus 2021’s highs in the $4.95 area.$MANA is the token that powers decentralized metaverse Decentraland’s economy.The value of $MANA is directly related to…

imagedepotpro U.S. stocks on Wednesday traded near the flatline, as investors refrained from big moves ahead of the Federal Reserve’s monetary policy decision in the afternoon. Market participants received further economic data that showed a cooling in producer inflation. Treasury yields slid after the figures and amid expectations for a pause in rate hikes. Ahead of the Fed’s announcement at 1400 ET, the tech-heavy Nasdaq Composite (COMP.IND) had added 0.14% to 13,592.47 points, while the benchmark S&P 500 (SP500) had risen 0.13% to 4,374.62 points. The Dow (DJI) was under pressure, falling 0.45% to 34,058.88 points. The blue-chip index was…

Having a career plan is great, but you don’t want to overdo it.  Uber CEO Dara Khosrowshahi says the most common mistake he sees young people make is overplanning.  Instead, he says to keep an open mind, as stubbornly sticking to a plan can lead to missed opportunities. 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 Uber CEO Dara Khosrowshahi has one piece of advice for those just starting off in their career: keep an open mind. “I always tell people that the most common…