Cuban President Miguel Diaz-Canel recently addressed the nation on a mid-day TV newscast, reassuring the population that the government has managed to secure key subsidized food rations. This comes in the wake of protests that erupted just two weeks prior, due to widespread shortages in the country. Diaz-Canel acknowledged the efforts made by the government
When it comes to financial information websites, it is crucial to understand that the content provided is often based on personal analysis, opinions, and information from third parties. This means that the recommendations and advice given should not be taken at face value. It is important for individuals to conduct their own due diligence checks,
Joe Lewis, a British multibillionaire, is facing sentencing in a U.S. court for illegally sharing stock tips obtained through his investments. The case has sparked interest due to Lewis’ wealth, his admitted guilt, and the potential impact of his actions on the financial markets. Sentencing Guidelines and Plea Deal Federal sentencing guidelines suggest a prison
Gold prices have climbed to an all-time high above the $2,300 mark during the early Asian session. This surge can be attributed to the weaker-than-expected US ISM Services PMI data for March and the speculation that the Federal Reserve (Fed) has reached its peak in the rate hike cycle, boosting demand for the precious metal.
The recent visit of U.S. Treasury Secretary Janet Yellen to China highlights the importance of high-level communication between the United States and China. This visit, which marks Yellen’s second trip to China since the summer, comes at a crucial time as both countries aim to deepen their dialogue and address longstanding misunderstandings. Yellen emphasized the
Jerome H. Powell, the chair of the Federal Reserve, recently made a statement regarding the central bank’s stance on interest rates. He mentioned that the Fed can afford to be patient in deciding when to cut interest rates due to easing inflation and stable economic growth. This is a significant departure from the Fed’s previous
During a recent speech at the Stanford Graduate School of Business, Federal Reserve chief Jerome Powell emphasized the need for further discussion and data analysis before any decision is made to cut interest rates. Powell highlighted that recent data on job gains and inflation have exceeded expectations, leading to a more cautious approach towards rate
When it comes to consuming financial information online, it is crucial to exercise caution and perform due diligence. The content provided on websites can include personal analysis, opinions, and information from third parties, all of which may influence your decision-making process. However, it is important to remember that this information is intended for educational and
Looking at the current USD/JPY chart, we see that the exchange rate has settled at 152 yen per US dollar. However, do not be fooled by this apparent calm in the market. In 2023, there was a significant shift in trend around the 152.00 level due to intervention by Japanese authorities, aimed at shoring up
The International Your Money Financial Security Survey conducted by SurveyMonkey revealed that at least half of adults in major economies are feeling stressed about their personal finances. The primary reason cited for this stress is inflation. In countries like the U.S., Australia, Spain, and Mexico, approximately 70% of adults reported feeling “very or somewhat stressed”
The EUR/USD pair has been trading softer around 1.0765 despite the weaker US Dollar Index (DXY) below the 105.00 mark. Investors witnessed the pair bouncing off multi-week lows near 1.0720 on Wednesday, signaling some support for the major pair. However, the softer German inflation data on Tuesday has put pressure on the Euro as speculations
Cleveland Federal Reserve President Loretta Mester recently expressed her belief in the possibility of interest rate cuts occurring within the year. However, she specifically ruled out the upcoming policy meeting in May as a potential timing for such action. Additionally, Mester highlighted that the long-run trajectory is anticipated to be higher than what policymakers had