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☆ RBI to raise rates once more on April 6 but leave door open for more - Reuters poll
▼ + stars: | 2023-03-29 | by ( Madhumita Gokhale | ) www.reuters.com time to read: +3 min

A majority of economists in the March 23-28 Reuters poll also said the RBI would then keep the rate steady for the rest of the year. A majority of respondents, 20 of 36, said the central bank would maintain its withdrawal of accommodation stance at the April meeting. Until that is behind us, the RBI probably will not be very comfortable in signalling that they are done with rate hikes," said QuantEco's Kumar. In last month's poll, all economists said the bigger risk was it would be higher than they predicted. The Indian economy was forecast to grow 6.9% this fiscal year and then slow to 6.0% in the next.

☆ DeSantis to travel to Israel ahead of likely 2024 White House bid
▼ + stars: | 2023-03-28 | by ( James Oliphant | ) www.reuters.com time to read: +2 min

The trip, which is being billed by DeSantis’ office as a trade mission, follows a longstanding tradition for Republicans seeking the White House but comes at a particularly volatile moment. “At a time of unnecessarily strained relations between Jerusalem and Washington, Florida serves as a bridge between the American and Israeli people,” DeSantis said in the release. As Florida's governor, DeSantis has vowed to be a staunch ally of Israel and led a trade delegation there in 2019. The White House said it had no comment on DeSantis’ plans, while maintaining administration officials have been regularly in touch with the Israeli government during the crisis. DeSantis is widely expected to enter the 2024 race once the Florida Legislature concludes its current session in early May.

CNBC: You were the first Hispanic woman to serve on one of the top five Fortune 100 corporate boards, but as of 2022, corporate boards continue to remain majority white and male. What do you see as the biggest obstacle to diversifying corporate boards? Ford director Kimberly Casiano was the first Hispanic woman to serve on a Fortune 100 top five corporate board. I also believe entrepreneurs, who have much more limited resources and leverage than major corporations, are better at compromise and subtle persuasion. Casiano: It is important to remember that gender diversity on corporate boards came years before ethnic diversity started to show its head.

☆ UK PM Sunak to unveil measures to crack down on anti-social behaviour
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +1 min

LONDON, March 26 (Reuters) - British Prime Minister Rishi Sunak will unveil new measures on Monday to crack down on antisocial behaviour by focusing on policing in several areas of England and Wales, as he works to win over voters in the run-up to an election expected next year. He will say the new measures, including "hotspot" policing and a ban on nitrous oxide or laughing gas, underscores his zero-tolerance approach to anti-social behaviour which will see offenders receiving swift and visible punishments. "Anti-social behaviour undermines the basic right of people to feel safe in the place they call home," Sunak said in a statement. "The public have rightly had enough - which is why I am determined to restore people's confidence that those responsible will be quickly and visibly punished." Reporting by Elizabeth Piper; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Lisa Andrea launched a financial blog in 2021 and consistently books $8,000 in monthly revenue. Andrea outlines 9 of the easiest ways to earn passive income, including resale and blogging. She took her experience building passive income streams and teaching herself the fundamentals of financial literacy to launch the financial-advice blog The Financial Cookbook in February 2021. Andrea shared her own financial strategy, including the nine methods of passive income she encourages everyone to try. Julia CheskyAndrea said companies typically contact her about brand partnerships, but she encourages other entrepreneurs to be more proactive when looking for passive income avenues.

☆ Op-ed: Here are 4 key things investors should consider during volatile times
▼ + stars: | 2023-03-24 | by ( Ivory Johnson | ) www.cnbc.com time to read: +2 min

It's worth noting that crystal balls are in short supply, and we cannot predict the immediate future. These are four things investors should consider during times of uncertainty. The banks will begin to reassess their penchant for taking risks, which will likely reduce their willingness to take chances. Investors should follow suit and reconsider the high beta assets that outperform in a less rigorous environment. During times of crisis, it's always a good idea to have access to readily available resources.

☆ A 2nd round of layoffs at Meta and Amazon shows companies are taking back their power — and they may not stop there
▼ + stars: | 2023-03-21 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

Meta and Amazon have announced two series of mass layoffs in the span of months. After years of companies trying to attract and placate workers amid a labor shortage, businesses are reasserting some of their power. "We read about two rounds of layoffs now and shrug and say, 'When's the third?'" Drew Angerer/Getty ImagesIt's rare for a company to conduct multiple rounds of layoffs, according to data from Crunchbase. Amazon and Meta did it, so it won't stand out as much."

☆ Inside the world of high-end crypto rehab centers, where a 4-week stay can cost you $320,000 and no luxury is spared
▼ + stars: | 2023-03-20 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +9 min

Crypto addiction is like a "casino in your pocket" says the founder and CEO of The Balance, a crypto rehab center. Enter: luxury crypto rehab centers. It calls itself the "world's best luxury rehab center and mental health clinic" and a "safe haven where you can find recovery, peace, rest, and happiness." The Diamond rehab center, ThailandAnd then there's the property's luxury offerings: a spa, golfing, boat trips, and sporting activities. The Diamond rehab center, ThailandThe Diamond started offering crypto rehab services at the beginning of 2021.

☆ The college student who tracks Elon Musk's private jet says the Tesla CEO only seems to care about tracking planes if it affects him
▼ + stars: | 2023-03-17 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

The student who tracks Elon Musk's jet said the Tesla CEO only seemed to care about being tracked himself. Jack Sweeney told Insider he reported a tweet that had the live location of several public figures. Sweeney warned the account owner that he'd report the tweet: "If I get banned for posting live, so will others." "Either Twitter moderation is bad at its job or they only care about the live location rule when it's in Musk's interest," he added. "The account tweeted a famous person's live location of their jet but hasn't been taken down – the only difference is it's not Musk."

☆ China renews pledge for wider market access for foreign investors
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +2 min

BEIJING, March 16 (Reuters) - China's commerce ministry said on Wednesday it will continue to push for the relaxation of market access for foreign investors, renewing efforts to lure foreign capital as the world's second-largest economy emerges from three years of COVID disruptions. As China reopens after dropping its zero tolerance policy for COVID-19 in December, convincing foreign investors to return to China will help reinvigorate an economy that grew at its slowest rates last year in half a century. China will "help foreign companies seize the opportunity to deepen their presence in China," Shu Jueting, a commerce ministry spokesperson, told reporters. Shu told reporters that China will also "steadily expand institutional openness." China's fresh efforts to court foreign investors and businesses also came as global uncertainties, from wars to bank crises, push them to search for new safe havens.

"With there being so much more to life than only achieving retirement, lifestyle investing focuses on using your assets to achieve your specific life goals." But Deer notes that lifestyle investing also capitalizes on other assets, such as education, health, time, relationships, and community involvement. With there being so much more to life than only achieving retirement, lifestyle investing focuses on using your assets to achieve your specific life goals." Rethinking your approach to time and moneyAccording to Deer, lifestyle investors must also look at two critical assets: time and money. Lifestyle investing seeks to combine the potential for a happy lifestyle now with a fulfilling retirement down the road.

☆ Power cuts, war, and hybrid cars are predicted to cause a platinum price surge in 2023
▼ + stars: | 2023-03-15 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +4 min

South Africa typically accounts for more than 70% of the world's platinum mining supply, according to UBS, but the process has been restricted by the country's deepening power crisis. There will be some recovery in the recycled platinum supply in 2023, but the amount will remain below pre-pandemic levels, the WPIC estimates. Global automotive demand for platinum is expected to increase by 10% in 2023 to 3.246 million ounces, according to the WPIC. Jewelry is "probably the area of greatest uncertainty" when it comes to platinum demand, Sterck told CNBC, but it is a relatively small component in the picture. Industrial demand for platinum will increase by 12% year-on-year in 2023, according to the WPIC, with platinum usage in the glass and medical industries, in particular, expected to increase.

☆ Tiger Woods's NDA battle with Erica Herman is dragging his obsession with privacy into the spotlight
▼ + stars: | 2023-03-14 | by ( Jack Newsham | Katherine Long | ) www.businessinsider.com time to read: +13 min

Tiger Woods's ex-girlfriend Erica Herman claims he evicted and abused her, but she has an NDA. Davis wasn't the first person asked to keep Tiger Woods's name out of his mouth, and according to a $30 million lawsuit filed earlier this month by Woods's ex-girlfriend Erica Herman, he wasn't the last. The battle over Herman's NDA is a window into Woods's longtime obsession with privacy. In October 2021, exhibits and transcripts were sealed in an unsuccessful case brought by the family of an employee at Tiger Woods's restaurant who died in a drunk driving incident. When Woods's image imploded in 2009, he used nondisclosure agreements to stanch the gush of details about his personal life into the media.

☆ AI Tech Like ChaptGPT, Bing, Bard Is a Bigger Threat Than Social Media
▼ + stars: | 2023-03-14 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +13 min

Nowadays, the promise of social media as a unifying force for good has all but collapsed, and Zuckerberg is slashing thousands of jobs after his company's rocky pivot to the metaverse. Much like social media in 2012, the AI industry is standing on the precipice of immense change. And as Altman and his cohort charge ahead, AI could fundamentally reshape our economy and lives even more than social media. If social media helped expose the worst impulses of humanity on a mass scale, generative AI could be a turbocharger that accelerates the spread of our faults. Social media amplified society's issues, as Wooldridge puts it.

☆ Kuroda defends Bank of Japan's ultra-dovish stance in his final policy meeting
▼ + stars: | 2023-03-10 | by ( Jihye Lee | ) www.cnbc.com time to read: +3 min

Haruhiko Kuroda, governor of the Bank of Japan (BOJ), at the central bank's headquarters in Tokyo, Japan, on Thursday, May 27, 2021. Bloomberg | Bloomberg | Getty ImagesJapan's outgoing central governor Haruhiko Kuroda defended the Bank of Japan's ultra-dovish monetary policy stance at his final policy meeting on Friday. Kuroda has led the central bank's ultra-dovish monetary policy for the past decade – even as global central banks in recent months raised interest rates in a bid to tame inflation. "Financial conditions have been accommodative on the whole, although weakness in firms' financial positions has remained in some segments," the central bank said. New BOJ leadershipJapan's upper house in parliament approved Ueda to be the next central bank governor, Kyodo reported.

☆ Exclusive: Shenzhen bourse taps intelligence tech firm as China battles capital market fraud
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +4 min

The Shenzhen Stock Exchange did not respond to Reuters' request for comment. EC Guard declined to be interviewed. The United States in 2019 placed EC Guard on its so-called entity list of companies that are subject to U.S. trade restrictions for reasons such as national security. Using that technology, EC Guard can identify relationships between users helping regulators identify potential illegal activity and also trace a company's ultimate shareholders to ensure they are legitimate owners, the person said. The Shanghai Stock Exchange, the country's largest bourse, stepped up its fight against fraud in December with a new generation of systems that supervise securities trading.

☆ Cathie Wood's ARK Fund set for worst week since Sept as higher rates loom
▼ + stars: | 2023-03-10 | by ( David Randall | ) www.reuters.com time to read: +2 min

Tesla (TSLA.O), the fund's top holding, is down nearly 11% for the week to date, while online education company 2U Inc (TWOU.O) is down nearly 18% for the week. Overall, the fund is down approximately 10% for the week to date, its worst weekly performance since an 11.1% decline in the week ending Sept. 23, according to Refinitiv data. None of the 27 companies in the fund's portfolio are in positive territory for the week. Higher rates weigh heavily on technology stocks by increasing the cost of borrowing and decreasing the value of expected future profits. "(ARK) is a good barometer of sentiment toward higher risk, higher reward investments.

☆ Meet the woman who wrote a shocking account of her life on Wall Street
▼ + stars: | 2023-03-09 | by ( Jenni Reid | ) www.cnbc.com time to read: +6 min

Jamie Fiore Higgins interviewed on TV on Wednesday, August 31, 2022. And so in the book "Bully Market: My Story of Money and Misogyny at Goldman Sachs," published last summer, she chronicled them. A Goldman Sachs spokesperson said the company "strongly disagrees" with the characterization of its culture described in the book, and what it called "anonymized allegations." "For those 18 years, I cared more about Goldman Sachs than I did my husband, my kids, my parents," she told CNBC. Fiore Higgins' account represents one person's experiences over a set period of time.

☆ Women aren't investing at the same rate as men. Here's why it matters—and how the gap can be closed
▼ + stars: | 2023-03-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

BNY Mellon also interviewed 100 global asset managers with $60 trillion in assets under management. One is that the investment industry isn't engaging women to the same degree as men, BNY Mellon's research found. Then there is the high hurdle of the disposable income women think they need to have before they invest. On average, women around the world believe they need $4,092 a month before they would consider investing any of it, BNY Mellon found. "Once you control for income, many of those differences between men and women and investing behaviors kind of disappear.

☆ WHO fires director in Asia accused of racist misconduct
▼ + stars: | 2023-03-09 | by ( ) www.cnbc.com time to read: +5 min

Tedros did not refer to Kasai by name, referencing only his title as regional director in the Western Pacific. It is the first time in WHO's history that a regional director has been dismissed. He said that the process of naming a new regional director for the Western Pacific would begin next month, with the election to be held in October. In January, the AP reported that a WHO doctor hoping to replace Kasai as regional director in the Western Pacific had previously faced sexual misconduct accusations. With support of some WHO colleagues and his home country, Waqanivalu was preparing to run for the regional director job.

☆ The life and times of Pope Francis as he marks his 10th anniversary as pontiff
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +9 min

[1/3] Pope Francis greets people as he attends the weekly general audience in St. Peter's square at the Vatican, March 8, 2023. REUTERS/Guglielmo MangiapaneVATICAN CITY, March 8 (Reuters) - Following are some of the major events of the life and ministry of Pope Francis, who marks the 10th anniversary of his election as pontiff on March 13. 2017Jan. 2 - Pope Francis says in a letter bishops must show zero tolerance to clergy who sexually abuse children. May 18 - In unprecedented move, all Chile's bishops offer to resign after attending crisis meeting with Pope Francis. In March 2022, he introduces a reform saying Catholic women could in future take charge of most departments.

☆ States are banning an energy pill dubbed 'gas station heroin' after people suffer opioid-like withdrawals, paranoia, and hallucinations
▼ + stars: | 2023-03-08 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Known as "gas station heroin," tianeptine is sold under names like Za Za Red and Tianna. Users often buy tianeptine, sold under brand names including Za Za Red, Tianna, and TD Red, hoping for a boost of energy and better focus. Tianeptine's withdrawal symptoms mirror those of opioidsQuitting the drug requires an approach similar to quitting opioids, according to the FDA. In Wetumpka, Alabama, the local hospital's detox unit has attracted attention for helping people get off the drug, local television station WSFA reported in February. "People with a history of opioid use disorder or dependence may be at particular risk of abusing tianeptine," according to the FDA's guidance.

☆ Retirement savers can position for a ‘comeback’ after 2022 losses, says advisor. Here’s how
▼ + stars: | 2023-03-07 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

"It's important to remember that as long as you haven't sold those investments, you haven't realized the loss, either, and there is a potential for a comeback." It's reasonable to expect that portfolios will continue to improve in the next year, or even by year-end, she said. More from Personal Finance:Why Social Security retirement age, payroll tax may changeExperts argue Social Security retirement age shouldn't pass 67Return on waiting to claim Social Security is 'huge' Even if one sector of the financial markets performed well, you can't assume that will continue. After a tumultuous year, many older Americans are concerned about their retirement security. Nearly half, or 48%, of retired Americans believe they'll outlive their savings, a separate report by Clever Real Estate found.

☆ As parliament meets, China keeps would-be protesters at bay
▼ + stars: | 2023-03-07 | by ( Engen Tham | ) www.reuters.com time to read: +4 min

[1/2] Demonstrators hold up signs during a protest over the freezing of deposits by some rural-based banks, outside a People's Bank of China building in Zhengzhou, Henan province, China July 10, 2022, in this screengrab from video obtained by Reuters. Text in foreground reads, "Henan Bank, return to us our legal deposits! The people's life-saving deposits!" China has a low tolerance for group displays of discontent, even if anger is not directed against the government. Some of those who spoke with Reuters declined to use their full names due to the sensitivity of the matter.

[1/5] The destroyed Habib-i Najjar Mosque is pictured in the aftermath of a deadly earthquake in Antakya, Turkey February 16, 2023. "What we learn from our elders is that Hatay witnessed seven earthquakes in its history but it was reborn from its ashes. PAINTINGS OF THE SAINTSThe bell tower lies on its side, with clothes placed on top for earthquake victims to take. Among the victims of the Feb. 6 earthquake were Saul Cenudioglu, leader of the Jewish community in Antakya, and his wife, Tuna Cenudioglu. The rabbi said he came to Antakya after the earthquakes to check on the Jewish community and take them to Istanbul.

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