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☆ U.S. stocks slip as China sticks to pandemic policy
▼ + stars: | 2022-11-07 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

"With China going into winter, most analysts think a change in zero-COVID is unlikely until at least March." A little of that reversed on Monday, with the Aussie down 0.4% at $0.6440 after jumping 3% on Friday. The dollar was just a shade former on the yen at 146.77 yen , while the euro eased a fraction to $0.9944 . Markets are now waiting on Chinese trade data due later in the session for a guide on global demand. Oil futures lost some of their gains with Brent off $1.66 at $96.91, while U.S. crude dropped $1.85 to $90.76 per barrel.

☆ Asia stocks resilient as Wall Street slips, China trade disappoints
▼ + stars: | 2022-11-07 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

"With China going into winter, most analysts think a change in zero-COVID is unlikely until at least March." A little of that reversed on Monday, with the Aussie down 0.7% at $0.6421 after jumping 3% on Friday. S&P 500 futures dipped 0.2%, while Nasdaq futures lost 0.3%. EUROSTOXX 50 futures lost 0.2% and FTSE futures 0.6% amid reports the UK government was planning tax rises and spending cuts. Oil futures lost some of their recent gains with Brent off $1.07 at $97.50, while U.S. crude dropped $1.26 to $91.35 per barrel.

☆ U.S. stocks dip, dollar up as China sticks to pandemic policy
▼ + stars: | 2022-11-06 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

"With China going into winter, most analysts think a change in zero-COVID is unlikely until at least March." It also sent the yuan surging and triggered a round of profit taking on long U.S. dollar positions, particularly against commodity sensitive currencies such as the Australian dollar. The U.S. dollar index bounced 0.4% having dived almost 2% at the end of last week. Median forecasts are for annual CPI inflation to slow to 8.0% and for the core to dip a tick to 6.5%. Oil futures lost some of their gains with Brent off $1.79 at $96.78, while U.S. crude dropped $1.71 to $90.90 per barrel.

☆ Yuan jumps, dollar pauses, sterling claws back some ground
▼ + stars: | 2022-11-04 | by ( Rae Wee | ) www.reuters.com time to read: +5 min

The offshore yuan jumped more than 1% in the Asia session to a one-week peak of 7.2441 per dollar, and last traded 7.2621. But traders said the most potent boost to the yuan came from speculation that China could relax anti-COVID restrictions,which have been hobbling economic activity. And as is typically the case, this type of 'risk on' move indicated by the yuan will have a magnetic attraction across Asia markets." The Australian dollar rose 0.86% to $0.6342, further buoyed by the positive sentiment on China, as the Aussie is often used as a liquid proxy for the yuan. DOLLAR DOMINANCEFed rate futures now point to a terminal rate of about 5.15% by mid-2023, after the Federal Reserve raised interest rates by three-quarters of a percentage point this week.

☆ Dollar eyes weekly gain; sterling wobbles on lower rate bets, bleak outlook
▼ + stars: | 2022-11-04 | by ( Rae Wee | Michael S. Derby | ) www.reuters.com time to read: +3 min

Against a basket of currencies, the U.S. dollar index fell 0.23% to 112.71, away from a near two-week peak of 113.15 hit overnight. Nonetheless, it was on track for a weekly gain of nearly 2% -- its largest since September. Fed rate futures now point to a terminal rate of about 5.15% by mid-2023, after the Federal Reserve raised interest rates by three-quarters of a percentage point this week. It was headed for a weekly loss of more than 3%, the largest since September's market turmoil triggered by an economic plan that alarmed investors. Reporting by Rae Wee; Editing by Kim Coghill and Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

☆ Asia shares slip, Fed flags higher rates for longer
▼ + stars: | 2022-11-03 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

Investors were initially cheered that the Fed opened the door to a slowdown in the pace of hikes after raising interest rates 75 basis points to 3.75-4.0%, by noting that policy acted with a lag. But Chair Jerome Powell soured the mood by saying it was "very premature" to think about pausing and that the peak for rates would likely be higher than previously expected. Futures were now split on whether the Fed would move by 50 or 75 basis points in December, and nudged up the top for rates to 5.0-5.25% likely by May next year. "Higher for longer" was not what the equity markets wanted to hear and Wall Street fell sharply after Powell's comments. Early Thursday, S&P 500 futures were off another 0.3%, while Nasdaq futures fell 0.2%.

Hivemapper Inc, which announced $18 million in fundraising from investors in April, said it has so far sold over 5,500 dashcams across 66 countries. As drivers record road signs and storefronts, they mint tokens that Hivemapper named Honey. Hivemapper Chief Executive Ariel Seidman said U.S. regulations limit him from discussing how and when Honey can be spent. While some investors such as Hivemapper backer Multicoin Capital are bullish on Web3 efforts, skeptics worry about currency speculation and fraud. Mapmaker HERE, owned in part by German automakers, is evaluating Hivemapper's imagery for potential use, including for up-to-date speed limit data.

☆ Here's the exclusive 12-slide pitch deck medical cybersecurity startup MedCrypt used to nab $25 million in funding from Johnson and Johnson
▼ + stars: | 2022-11-01 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

Healthcare cybersecurity startup MedCrypt just raised $25 million in Series B funding. Here's the pitch deck used to woo investors at Intuitive Ventures and Johnson & Johnson Innovation. Healthcare cybersecurity startup MedCrypt just raised a $25 million Series B, Insider has learned. Intuitive Ventures and Johnson & Johnson Innovation led the round, while Section 32, Erica Ventures, Anzu Partners, and Dolby Family Ventures also participated. Last year, competitors including New York-based healthcare cybersecurity startup Cylera raised a $10 million Series A, while Israeli IOT cybersecurity startup Cynerio raised $30 million in Series B funding.

☆ How to Shop Black Friday Sales & Deals 2022: Expert Shopping Tips
▼ + stars: | 2022-10-28 | by ( ) www.wsj.com time to read: +4 min

Retailers will start running sales in early November, so if you want to nab the best deals, keep an eye out throughout the month. This way, you won’t have to go searching for the products you want when the sales start, and you should see any discounts automatically reflected in the cart. Even if you’re not shopping on Amazon, this information will show you if the deal price on a product is good. Comparison shopYou can’t stick to just one site or store if you want to get the best deals. Shop around the major retailers, including Amazon, Walmart and Best Buy, to be sure that you’re finding the lowest price.

☆ Australia's Westpac sees $824 mln hit in second half from unit sale
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +1 min

Oct 24 (Reuters) - Australia's Westpac Banking Corp (WBC.AX) warned on Monday that its second-half reported net profit and cash earnings will be reduced by A$1.3 billion ($824 million) after tax, citing a loss on the sale of its life insurance business, among others. Westpac, the country's third-largest lender, said the one-off charge will have a net positive impact of 12 basis points (bps) on its common equity tier 1 capital ratio as the unit sale added 17 bps. Westpac is set to announce its fiscal 2022 results on Nov. 7. Rivals National Australia Bank (NAB.AX) and Australia and New Zealand Banking Group (ANZ.AX) will report their annual results on Nov. 9 and Oct. 27, respectively. ($1 = 1.58 Australian dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Sameer Manekar in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Dollar rides Treasury yields higher, yen flirts with key 150 level
▼ + stars: | 2022-10-20 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

The Japanese yen hit a fresh trough of 149.96 per dollar, its lowest since August 1990, and last bought 149.92. "Given that Treasury yields have moved decisively above 4%, were it not for the threat of intervention then I think dollar/yen would already be trading north of 150." The benchmark U.S. 10-year Treasury yield rose to 4.154%, its highest level since mid-2008, while the two-year Treasury yields touched a 15-year high of 4.582%. It bottomed at 7.2794 per dollar, the lowest level since such data first became available in 2011, and last traded 7.2615. It had hit an almost two-week high of $0.5719 on Tuesday, following release of a hot inflation data, prompting bets of a more aggressive central bank rate hike.

☆ Dollar rides surge in Treasury yields, yen treads near key 150 level
▼ + stars: | 2022-10-20 | by ( ) www.cnbc.com time to read: +2 min

Japanese 10,000 yen and U.S. 100 dollar banknotes are arranged for a photograph in Tokyo, Japan, on Sept. 7, 2017. The dollar loomed over major peers on Thursday as Treasury yields peaked at multi-year highs, while the yen tumbled to a fresh 32-year low and kept markets on high alert for any signs of an intervention. The benchmark U.S. 10-year Treasury yield rose to 4.148%, its highest level since mid-2008, while the two-year Treasury yields touched a 15-year high of 4.58%. The Japanese yen hit a fresh trough of 149.96 per dollar, and last bought 149.95. "Given that Treasury yields have moved decisively above 4%, were it not for the threat of intervention, then I think dollar/yen would already be trading north of 150."

☆ Walmart CEO says its stores being open on Thanksgiving 'is a thing of the past'
▼ + stars: | 2022-10-19 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Walmart CEO John Furner recently said keeping stores open on Thanksgiving is "a thing of the past." Some companies, Walmart included, closed stores on Thanksgiving in the past few years because of the pandemic, but others may follow suit well into the future. Between online shopping, deals coming earlier in the year, and inflation, many businesses have less reason to be open on Thanksgiving. Walmart CEO John Furner recently told The Today Show that the company won't have stores open on the holiday. The Thanksgiving Day shopping frenzy expanded over the years to become a five-day event stretching from the holiday to Cyber Monday.

☆ Asia stocks rise as relief rally builds after UK U-turn
▼ + stars: | 2022-10-18 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.43%, while Japan's Nikkei (.N225) was up 0.6%. The Australian dollar rose on Tuesday after the Reserve Bank of Australia said it expects to raise interest rates further over the coming months. The yen touched a fresh 32-year low of 149.10 per dollar on Monday, not far off the psychological metric of 150. read moreBrent was up 0.08% to $91.69 a barrel, while U.S. crude rose 0.04% to $85.49 per barrel. Register now for FREE unlimited access to Reuters.com RegisterEditing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ Australia's Tyro Payments shares jump on takeover talks with Westpac, others
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +2 min

Oct 18 (Reuters) - Australia's Tyro Payments Ltd (TYR.AX) confirmed on Tuesday it was in preliminary takeover talks with selected parties, including no.3 lender Westpac Banking Corp (WBC.AX), sending shares of the payment terminals firm up more than 5%. Tyro last month rejected a A$1.27 per share indicative offer from a private equity consortium led by Potentia Capital Management. Westpac on Tuesday separately confirmed the talks in a brief statement and said a potential deal would strengthen its small business proposition. "From a Tyro perspective, it's clear that Westpac would have significantly more synergies than the PE consortium. He said the logic of synergies from a deal for Tyro should also apply to Westpac's rivals National Australia Bank (NAB.AX) and Australia an New Zealand Banking Group (ANZ.AX).

☆ Asian shares track Wall Street higher as jitters abound
▼ + stars: | 2022-10-14 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 1.6% in early Asia trade. Offshore, risk appetite is already softening, with U.S. S&P 500 futures sliding 0.1% while the Nasdaq futures falling 0.2%. Wall Street had a volatile session, after initial sell-off on the data proved short-lived with technical support and short-position covering helping stocks stage a strong rebound. Futures have also suggested that rates would now peak at 5%, bringing them to levels not seen since 2007. read moreOil prices fell in early Asian trade.

☆ Fragile yen tests 1998 low, sterling cautiously steady
▼ + stars: | 2022-10-13 | by ( ) www.cnbc.com time to read: +3 min

The yen floundered near a fresh 24-year low on Thursday, while sterling held onto overnight gains as investors skittishly await an impending deadline for the end of the Bank of England's emergency bond-buying program. The yen hit a trough of 146.98 per dollar overnight — its lowest since August 1998 — and last traded at 146.82. The yen is within a whisker away from its August 1998 low of 147.64 per dollar, and well past last month's low of 145.90 per dollar which prompted Japanese authorities to intervene to buy the yen. The Aussie was up 0.14% at $0.6287, after sliding to a 2½-year low of $0.62355 in the previous session. Overnight, data showed that U.S. producer prices increased more than expected last month.

☆ Some Big Tech firms were the top landing spot for recent Goldman Sachs tech departures, and it could be an early sign of the changing tides in the war for talent
▼ + stars: | 2022-10-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

But first, the latest installment in Wall Street's war for tech talent. Big Tech wants its engineers back. In the ongoing war for top engineering talent, Big Tech has landed the latest blow against one of Wall Street's most powerful firms. Read more about the top firms scooping up recent Goldman departures, and how it could be representative of the larger issues Wall Street faces when trying to attract tech talent. Robo-advisor Betterment just launched customized crypto portfolios, the Wall Street Journal reports.

☆ How this 31-year-old got fired from his job and re-hired at the same company in 24 hours
▼ + stars: | 2022-09-25 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

"He was very humble and didn't give me a bunch of excuses as to why he failed," Mac Nab says. Listening to McCann during the meeting, Mac Nab started to question his decision to let the recent hire leave the company altogether. "I felt he was genuine, authentic and hardworking, and my gut instinct kicked in during that conversation, it was a heat-of-the-moment decision," Mac Nab says. "I had leads on other opportunities that paid more, but I saw something special in VizyPay," McCann says. Kyle McCann, Shannon McCann, and Austin Mac Nab at VizyPay's Iowa headquarters Photo: Kyle McCannLessons learned

Ron DeSantis overpowered his own Legislature to pass a map that adds an additional four GOP seats. Nationally, Republicans are likely to net three to four House seats from new maps alone — most of the five seats they need to regain the majority. There are 36 House Democrats not running for re-election, mostly because many opted to retire rather than risk serving in the wilderness of the minority. And there’s state Sen. Jen Kiggans, a nurse practitioner and former Navy pilot challenging Democratic Rep. Elaine Luria in Virginia Beach. MAGA primary takeoversIn a handful of races, Republicans have nominated hardcore pro-Trump candidates who could jeopardize their ability to win swing seats.

☆ Asian stocks sink, yields rise as markets brace for aggressive Fed
▼ + stars: | 2022-09-21 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

Register now for FREE unlimited access to Reuters.com RegisterMSCI's broadest index of Asia-Pacific shares (.MIAP00000PUS) lost 1%. Sweden's Riksbank surprised markets overnight with a full percentage-point hike, and warned of more to come over the next six months. Markets are pricing in an 81% chance of another 75-basis-point increase, and see a 19% probability of a full percentage point rise. The Bank offered to buy 250 billion yen of bonds in an unscheduled operation on Wednesday to keep yields in check. Meanwhile, crude oil continued its decline amid worries that aggressive tightening by the Fed and other central banks would crimp growth and curb demand.

☆ Flying over the holidays won't be as terrible as this summer — but you should still prepare for long lines and delays. Here's how to avoid headaches.
▼ + stars: | 2022-09-20 | by ( Hannah Towey | ) www.businessinsider.com time to read: +5 min

The number of travelers flying this holiday season is expected to meet, if not surpass, 2019 levels. But flying over Thanksgiving and Christmas will likely be less chaotic than this summer, experts say. The number of travelers flying during the winter holidays is expected to meet — if not surpass — pre-pandemic levels, according to search data from Expedia. To avoid being overcharged, he recommends booking your Thanksgiving flights by Halloween and your Christmas flights by Thanksgiving — at the latest. Since Thanksgiving always falls on a Thursday every year, the busiest travel days are typically the Wednesday before and the Sunday after.

First Tech Credit Union Personal Loan DetailsPersonal loans are available in all US states. First Tech Personal Loan Pros and ConsFirst Tech Personal Loan Pros Wide range of loan amounts. First Tech Credit Union Personal Loans TrustworthinessFirst Tech Credit Union doesn't have any public controversies. First Tech Credit Union CompetitorsSide-by-side snapshot First Tech Personal LoanNavy Federal Credit Union Personal LoanPenFed Credit Union Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. First Tech vs. Navy FederalYou can get the smallest loan amount with Navy Federal Credit Union, as the credit union offers loans as small as $250.

☆ The 5 best Nintendo Switch games for kids in 2023
▼ + stars: | 2022-02-16 | by ( Tobey Grumet | ) edition.cnn.com time to read: +6 min

That’s why we tried enticing them back to the familial circle with the Nintendo Switch. Though our boys abandoned their Nintendo Wii long ago in lieu of an Xbox, they were psyched to be back in the fold with the versatility of the more portable, lower-cost Switch, which starts at $199 for the Nintendo Switch Lite and goes to $349 for the Nintendo Switch OLED. Here are the best Nintendo Switch games for kids of all ages. One of the best Nintendo Switch fitness games, Ring Fit Adventure comes packaged with a pliable Pilates ring dubbed the Ring-Con and a Leg Strap pouch that secures one of your Joy-Con controllers. And lucky we did, because Big Brain Academy: Brain vs.

☆ Try our searchable database of more than 350 Wall Street headhunters to find your dream job in private equity, investment banking, or hedge funds
▼ + stars: | 2022-01-03 | by ( Alex Morrell | Reed Alexander | Shayanne Gal | ) www.businessinsider.com time to read: +2 min

Insider has compiled a searchable list of more than 350 Wall Street recruiters. The database includes recruiters who focus on traders, dealmakers, portfolio managers, and bankers. Wall Street jobs have been in high demand and the trend is only expected to continue in 2022. Buy-side trading firms have been snapping up a slew of star derivatives traders from investment banks. The searchable database contains recruiters who focus on front-office investment professionals — traders, dealmakers, portfolio managers, bankers, and the executives those people report into.

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