Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024.Kevin Dietsch | Getty ImagesA deeper interest rate cut from the Federal Reserve this month could spook financial markets and send the wrong message about an imminent risk of recession, according to one economist.It comes as policymakers at the U.S. central bank are widely expected to start lowering interest rates when they meet on Sept. 17-18, with investors closely monitoring economic data for clues on just how big a rate cut…
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Nurphoto | Nurphoto | Getty ImagesVisa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit process.Visa, which alongside Mastercard is one of the world’s largest card networks, said Thursday it plans to launch a dedicated service for account-to-account (A2A) payments in Europe next year.Users will be able set up direct debits — transactions that take funds directly from your bank account — on merchants’ e-commerce stores with just a few clicks.Visa said consumers will be able to monitor these payments more easily and raise any issues by clicking a button in…
A view of a ESPN cameraman during the game between the Jacksonville Jaguars and the Cincinnati Bengals on December 4, 2023 at EverBank Stadium in Jacksonville, Fl. David Rosenblum | Icon Sportswire | Getty ImagesIn 2021, the National Football League signed an 11-year, $111 billion media rights deal. In July, the National Basketball Association signed an 11-year, $77 billion deal of its own.What’s next? Well, not much all that soon.While Ultimate Fighting Championship and Formula 1 have deals expiring in 2025, the vast majority of major college and professional sports have recently signed long-term media rights deals with U.S. TV networks…
Close-up and side view of classic Georgian buildings in London, England, UK. Colors Hunter – Chasseur De Couleurs | Moment | Getty ImagesLONDON — London landlords are selling up their buy-to-let properties at record rates as anticipated tax hikes from the U.K. Labour government add further pressure to the once lucrative investment sector.Almost one-third (29%) of homes currently for sale in the capital were previously rented out, data published on Thursday by property portal Rightmove showed.The spike mirrors a wider uptick in rental property sales across the U.K., where 18% of all nationwide listings were previously tenanted, according to Rightmove.Rightmove said it…
India’s Prime Minister Narendra Modi speaks prior to a meeting with Brunei Sultan Hassanal Bolkiah at Istana Nurul Iman in Bandar Seri Begawan on September 4, 2024.Dean Kassim | Afp | Getty ImagesSINGAPORE — India and Singapore on Thursday signed memorandums of understanding for cooperation on a number of key areas including semiconductors, digital technologies, skill development and health care.The announcement comes during Indian Prime Minister Narendra Modi’s two-day visit to the Lion City, which began Wednesday following a trip to Brunei.”Singapore and India have built strong foundations for an enduring partnership. The next phase of the Singapore-India partnership is…
A trader signals an offer in the Standard & Poor’s 500 stock index futures pit at the CME Group in Chicago on Dec. 14, 2010.Scott Olson | Getty Images News | Getty ImagesThe relationship between the 10- and 2-year Treasury yield briefly normalized Wednesday, reversing a classic recession indicator.Following economic news that showed a sharp decline in job openings and dovish remarks from Atlanta Fed President Raphael Bostic, the benchmark 10-year yield inched above the 2-year for the first time since June 2022.The respective yields were both around 3.79% on the session, with just a few thousandths of a percentage…
Ray-Ban Meta smart glasses are powered by a Qualcomm chip. Qualcomm, Samsung and Google are working on smart glasses, according to Qualcomm CEO Cristiano Amon. Nurphoto | Nurphoto | Getty ImagesQualcomm CEO Cristiano Amon told CNBC the chip designer is working with Samsung and Google to explore a mixed-reality set of glasses linked to a smartphone — taking a different approach from Apple, which launched a larger headset.Last year, Google, Samsung and Qualcomm struck a partnership to develop mixed-reality technology. That refers to the combination of augmented and virtual reality, often involving digital images that are imposed over the real world…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Sam Hallene, investment partner at trading and VC firm CMT Digital, explains what crypto sectors are attracting the most venture capital investments right now and whether AI is pulling some money away from blockchain investments. Source link
An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia, on Wednesday, Oct. 3, 2018.Simon Dawson | Bloomberg | Getty ImagesSaudi Arabia has a superpower. Not only is it the largest exporter of crude oil in the world; its production costs for oil projects are also the lowest in the world, at around just $10 per barrel. When around 75% of your fiscal revenue comes from oil, that’s a big deal.And for a time, its fiscal breakeven oil price — what it needed a barrel of crude to cost…
A ship stranded in the growing salt flats of Lake Urmia in Iran.Hamed | Afp | Getty ImagesThe diminishing availability of water resources across the globe should be considered one of the most pressing environmental security challenges of the century.That’s the view of one military geography and environmental security specialist, who recently published a study examining the relationship between water scarcity, geopolitics and the potential for violent conflict in a warming world.Francis Galgano, an associate professor at the department of geography and the environment at Villanova University in Pennsylvania, said poor governance in acutely vulnerable areas — especially in transboundary…
