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☆ Dollar dips, yen draws support from Tokyo's jawboning
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: +3 min

The dollar was on the back foot on Tuesday, owing to profit taking and pressured in part by a slightly stronger yen as Japanese government officials continued with their jawboning to defend the currency. The dollar was on the back foot on Tuesday, owing to profit taking and pressured in part by a slightly stronger yen as Japanese government officials continued with their jawboning to defend the currency. "But it's even tougher for the (dollar) to weaken when other central banks were sounding more dovish than a dovish Fed." The dollar index was last 0.02% lower at 104.20, while the euro rose 0.03% to $1.0840. "While they say that the fundamentals don't justify the price, the market's telling them something else," said IG's Sycamore.

Persons: he's, Tony Sycamore, Thierry Wizman, Shunichi Suzuki Organizations: New Zealand, Federal, IG, FX, Macquarie, Fed, Japanese Finance, Bank of Japan's Locations: U.S, Japan, United States, Sycamore

☆ Intervention threat curbs dollar's ascent towards new high on the yen
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: +3 min

The dollar was on the front foot on Monday and kept the yen pinned near a multi-decade low, though the threat of currency intervention from Japanese authorities prevented the greenback from heading further north. "Japanese officials' verbal intervention is making 152 a very strong near-term resistance for dollar/yen," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. "Markets are fully aware of a potential actual FX intervention from authorities, so I think that's keeping dollar/yen from moving substantially higher. "I think there is still a high risk that they will come in to prop up the yen if dollar/yen were to surge materially perhaps to 155. The yuan has been pressured by growing market expectations of further monetary easing to prop up the world's second-largest economy.

Persons: Carol Kong, That's, BoE, Andrew Bailey, Chris Weston Organizations: Bank of Japan's, Commonwealth Bank of Australia, Federal Reserve, European Central Bank, Bank of England, Swiss National Bank, Sterling, Financial Times, ECB, New Zealand Locations: Japan, United States

☆ Stuart Webber: Former soccer club official criticized for ‘lazy stereotyping’ of Black players
▼ + stars: | 2024-03-25 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

Webber’s comments came during an interview about his upcoming four-week expedition to climb Mount Everest for charity. Julian Finney/Getty ImagesCNN has attempted to contact Webber for comment. Webber and his wife Zoe are co-founders of the Summit Foundation, which works with other charitable organizations to create programs to help young people. According to the foundation’s website, one of its aims is to help break the poverty cycle through education. CNN has contacted Norwich City, which plays in the second tier of English soccer, for comment.

Persons: CNN —, ” Stuart Webber, – Jonny Rowe, Abu Kamara, Max Aarons, Jamal Lewis, Raheem Sterling –, Webber’s, ”, “, ” Raheem Sterling, Julian Finney, Webber, Zoe, we’ll, Kamara –, Norwich City –, Aarons, Amber, Lewis ’, Catrina, – Webber Organizations: CNN, Norwich City, England, Getty, Summit Foundation, League One, Portsmouth, Norwich City –, Huddersfield Town, Wolverhampton Wanderers, Queens Park Rangers, Liverpool, Wrexham Locations: England, Wales, Norwich, Iran, “

☆ Kim Mulkey: LSU coach rips Washington Post over unpublished ‘hit piece’ and threatens legal action
▼ + stars: | 2024-03-24 | by ( Wayne Sterling | ) edition.cnn.com time to read: +2 min

CNN —Louisiana State University women’s basketball head coach Kim Mulkey ripped the Washington Post on Saturday over what she describes as a “hit piece” in which she has threatened legal action if published. “I’ve hired the best defamation law firm in the country, and I will sue the Washington Post if they publish a false story about me. A Washington Post spokesperson declined to comment on Mulkey’s remarks. “Former players have told me that the Washington Post has contacted them and offered to let them be anonymous in a story if they’ll say negative things about me. The Washington Post has called former disgruntled players to get negative quotes to include in their story.

Persons: Kim Mulkey, I’m, ” Mulkey, “ I’ve, ”, Mulkey, Brian Kelly, “ Organizations: CNN, Louisiana State University women’s, Washington Post, Division, LSU, Tigers, NCAA, Iowa Hawkeyes, of Fame, Baylor University, Tennessee State Blue Raiders Locations: Baton Rouge , Louisiana

☆ A Biden Judicial Nominee Is Facing an Islamophobic Smear Campaign. Why Is It Working? - The New York Times
▼ + stars: | 2024-03-19 | by ( Lydia Polgreen | ) www.nytimes.com time to read: +1 min

On paper, President Biden’s nominee to fill a vacancy on the Third Circuit Court of Appeals is an archetypical candidate for a federal judgeship. Adeel Abdullah Mangi has a sterling legal education, which he followed with a distinguished career at a high-profile private firm mixing corporate litigation with important pro bono work. The candidate has another quality that was especially appealing to Biden, who has made diversifying the federal bench a key priority: Mangi would be the first Muslim American federal appellate judge in the United States. When Mangi appeared before the Senate Judiciary Committee in December for a hearing about this lifetime appointment, Republican senators did not ask him about his legal background or judicial philosophy. Such bad faith ambushes are Cruz’s stock in trade, especially since the Oct. 7 attack on Israel by Hamas.

Persons: Biden’s, Adeel Abdullah Mangi, Biden, Mangi, Ted Cruz of Organizations: Third, Appeals, Muslim, Republican Locations: United States, Ted Cruz of Texas, Mangi, Pakistani American, Palestine, Israel

☆ Yen holds nerve as BOJ decision looms; dollar resurgent
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: +4 min

The yen was last little changed at 149.14 per dollar, while the Australian dollar fell 0.06% $0.6556. Against the euro, the yen steadied at 162.18, with the Japanese currency likewise little changed against the Aussie at 97.78. So BOJ's decisions generally are, as far as the yen is concerned, a matter of secondary importance," said Berry. "Holding policy rates steady and policy guidance broadly unchanged seems like a reasonably straightforward decision in the presence of high uncertainty," said Carl Ang, fixed income research analyst at MFS Investment Management. The New Zealand dollar was similarly pinned near Monday's two-week low and last bought $0.6079.

Persons: Gareth Berry, It's, they're, it's, Berry, Carl Ang, Sterling, —, Goldman Sachs, David Mericle Organizations: Bank of Japan, U.S, Reserve Bank of Australia, Aussie, Nikkei, Macquarie, Federal Reserve, MFS Investment Management, U.S ., New Zealand Locations: Bath, England, Asia, Japan, United States, Down, Australia, Monday's

☆ Dollar steady, yen soft as BOJ policy shift beckons
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: +3 min

In this photo illustration, a person is seen holding 100, 50, and 5 U.S. dollar bills in his hand. Tom Kenny, senior international economist at ANZ, said an end to negative interest rate policy is likely to reflect a 10-basis-point hike taking the current policy rate from -0.1% to 0.0%. "We expect this to be a dovish hike with the BOJ unlikely to signal its intention to hike again soon." The focus has shifted to whether the policymakers will make any changes to their projections of rate cuts, or dot plots for this year. The Fed in December projected 75 basis points, or three rate cuts, of easing in 2024.

Persons: Kazuo Ueda, Tom Kenny, Powell, bitcoin Organizations: U.S, Bank of Japan, Federal Reserve, ANZ, Beyond, Reuters, New Zealand, Bank of England, Fed, NatWest Locations: Japan, United States, England, Australia, Norway, Switzerland, Mexico, Brazil, Indonesia, Asia, Beyond Japan, Australia's, U.S, cryptocurrencies

☆ I quit my corporate job after it felt like nobody was talking about police shootings of Black men. Now I run a nonprofit working to end police violence.
▼ + stars: | 2024-03-17 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

This as-told-to essay is based on a conversation with Tansy McNulty, the founder of 1 Million Madly Motivated Moms, or 1M4. McNulty left the corporate world to start 1M4 to end police violence by 2038. As I was bringing this Black child — a Black boy — into the world, I wanted to create a safer future for him. So I took those skills I learned in corporate America, and I applied them to what I do now with 1 Million Madly Motivated Moms, or 1M4. We don't tell the families what accountability looks like.

Persons: Tansy McNulty, McNulty, Ronnie Shumpert, Alton Sterling, —, it's, Jamarion Robinson, Terrence Richardson, Ferrone Claiborne, Atatiana Jefferson, Isaiah Williams, James Williams, Marlon Howell, we're Organizations: Service, Business Locations: Philando Castile, America, Atlanta, Waverly , Virginia, Fort Worth , Texas, Las Vegas, Ohio, Mississippi, Hill, Virginia

☆ Dollar advances as U.S. inflation data weighs on rates outlook
▼ + stars: | 2024-03-15 | by ( ) www.cnbc.com time to read: +3 min

The dollar was firm on Friday and set to snap a three-week losing streak as hotter-than-expected U.S. inflation data stoked worries about when and by how much the Federal Reserve would start cutting interest rates this year. The dollar was firm on Friday and set to snap a three-week losing streak as hotter-than-expected U.S. inflation data stoked worries about when and by how much the Federal Reserve would start cutting interest rates this year. Data on Thursday showed the U.S. producer price index for final demand rose 0.6% in February above the 0.3% rise economists had forecast. The dollar index , which measures the U.S. currency against six rivals, was 0.058% higher at 103.44, after rising 0.55% on Thursday. In other currencies, the Australian dollar fell 0.18% to $0.657, while the New Zealand dollar fell 0.39% to $0.611.

Persons: Jerome Powell, Ryan Brandham, Carol Kong, bitcoin Organizations: Federal Reserve, Risk, Traders, Bank of, Commonwealth Bank of Australia, New Zealand Locations: U.S, North America

☆ Currency market subdued ahead of fresh U.S. economic data
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: +3 min

The currency market was sedate on Thursday, with the U.S. dollar consolidating against major peers as market players awaited more data out of the world's largest economy for clues on the direction of Federal Reserve policy. With the Fed widely expected to hold rates steady at its meeting next week, attention will be on the bank's updated economic projections. The dollar index , which measures the greenback against a basket of six currencies, was mostly flat at 102.77. Sources told Reuters that Japan's central bank will debate ending negative rates next week if big firms' wage talks yield strong results. Elsewhere, the euro was holding steady against the dollar at $1.0949, ahead of remarks by several European Central Bank officials on Thursday.

Persons: Kyle Rodda, Jerome Powell, Sterling, bitcoin Organizations: U.S, Federal Reserve, Fed, U.S ., PPI, Bank, Reuters, European Central Bank Locations: Buenos Aires, Argentina, U.S

☆ Dollar steadies as traders weigh hotter-than-expected inflation
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar held steady against a handful of rival currencies on Wednesday, as traders weighed what impact hotter-than-expected inflation data could have on chances of an interest rate cut at the Federal Reserve's June meeting. The U.S. dollar held steady against a handful of rival currencies on Wednesday, as traders weighed what impact hotter-than-expected inflation data could have on chances of an interest rate cut at the Federal Reserve's June meeting. The U.S. consumer price index, or CPI, increased solidly in February, beating forecasts and suggesting some stickiness in inflation. That has left analysts wondering whether the Fed will have sufficient data to justify more than a couple of rate cuts all year. The dollar index , which measures the greenback against a basket of peer currencies, was little changed at 102.91.

Persons: Powell, Matt Simpson, Kazuo Ueda's, bitcoin Organizations: U.S, Federal, Fund, U.S ., CPI, Bank of Japan, Traders, European Central Bank Locations: U.S

Another threat to election officialsAt least four swatting incidents have been aimed at the homes of senior officials who oversee or work to secure elections since December. Separately, a Department of Justice taskforce launched in 2021 has reviewed more than 2,000 allegations of hostility, harassment, abuse, or threats to election officials and staffers, a department spokesperson said. Swatting was featured in a tabletop exercise for election officials in New Jersey last month, a spokesperson for the secretary of state told CNN. Such incidents have prompted The Elections Group, a consulting group led by former election officials, to begin sharing resources on swatting with election workers and incorporating the topic into trainings. A wave of election officials have departed their roles since November 2020, when false claims of a stolen election proliferated.

Persons: Jay Ashcroft, ” Ashcroft, State Jay Ashcroft, Kacen Bayless, ”, Ashcroft, Gabriel Sterling, “, we’ll, Sterling, Justin Bieber, Ashton Kutcher, swatting, ” Jennifer Doebler, Alan Winston Filion, Filion “, Filion, Jennifer Doebler, Lauren R, Shapiro, Republican Sen, Rick Scott of, Scott’s, Sen, Rick Scott swatting, “ Sir, there’s, “ It’s, Swatting, State Shenna Bellows, Bellows, Donald Trump, Trump, Ashcroft’s, Joe Biden, Tina Barton, ” Barton Organizations: CNN, Missouri’s, Republican, State, Kansas City Star, TNS, Getty, FBI, of Justice, Local, Sandy, John Jay College of Criminal, swatting, ”, Naples Police, “, Trump, Elections, Commission Locations: Jefferson City , Missouri, Missouri, Maine , Georgia, Virginia, Sterling, Britain, Sandy Springs, Kansas, Tennessee, California, Rick Scott of Florida, Naples , Florida, Naples, New Jersey, Georgia, Maine

☆ Dollar on guard; BOJ speculation keeps yen supported
▼ + stars: | 2024-03-12 | by ( ) www.cnbc.com time to read: +4 min

Against the dollar, the euro retreated from a roughly two-month high hit last week and last bought $1.0931. The Australian dollar rose 0.01% to $0.6615, while the New Zealand dollar edged 0.02% lower to $0.61685. The dollar index was little changed at 102.80, having hit a roughly two-month low of 102.33 last week. Over in Asia, swirling speculation that the BOJ could move away from its ultra-easy policy settings at its policy meeting next week kept the yen supported. Against the dollar, the yen steadied at 146.94, not far from Friday's one-month top of 146.48.

Persons: bitcoin, Ray Attrill, Jerome Powell, We're, NAB's, there'll, Shunichi Suzuki Organizations: Bank of Japan, Sterling, greenback, Federal Reserve, National Australia Bank, NAB, New Zealand, country's Finance Locations: Asia, Japan

☆ Yen gains as bets firm for imminent rate hike; sterling slides
▼ + stars: | 2024-03-11 | by ( ) www.cnbc.com time to read: +3 min

In this photo illustration, the man is holding several U.S. dollar bills with some Chinese yuan in the background. Sterling pulled back sharply from a multi-month high, following its best week since November of 2022, amid bets the Bank of England will be slower to cut rates than the Fed or European Central Bank. The greenback eased 0.17% to 146.82 yen , heading back toward the five-week low of 146.48 reached on Friday. The next Fed meeting runs March 19-20. The ECB left rates at record highs last Thursday while cautiously laying the ground to lower them later this year.

Persons: Sterling, Jerome Powell's, bitcoin Organizations: Bank of Japan, Federal Reserve, Bank of England, European Central Bank, Westpac, Fed, ECB

☆ Oscars 2024 winners list (LIVE UPDATES)
▼ + stars: | 2024-03-10 | by ( Lisa Respers France | ) edition.cnn.com time to read: +5 min

CNN —It’s finally here – the 96th Academy Awards are about to be underway at the Dolby Theater in the heart of Hollywood. The telecast is starting at the new time of 7 p.m. Live Updates: The live Oscars telecast will start one hour earlier than in past yearsLeading with 13 nominations, the historical drama “Oppenheimer” is widely seen as the favorite to win best picture, best actor for Cillian Murphy and best director for Christopher Nolan. Fantasy film “Poor Things,” starring Emma Stone, and the Martin Scorsese drama “Killers of the Flower Moon” have 11 and 10 nominations, respectively. Below is a list of nominees, which we’ll be updating throughout the night as winners of each category are announced.

Persons: CNN — It’s, Jimmy Kimmel, Oscar, Ryan Gosling’s, “ I’m, Ken ”, “ Barbie ”, “ Oppenheimer ”, Cillian Murphy, Christopher Nolan, Emma Stone, Martin Scorsese, ”, ” “ Oppenheimer ”, Bradley Cooper, “ Maestro ” Colman Domingo, “ Rustin ” Paul Giamatti, “, ” Cillian Murphy, “ Oppenheimer ” Jeffrey Wright, Annette Bening, Lily Gladstone, Sandra Hüller, Carey Mulligan, “ Maestro ” Emma Stone, Sterling K, Brown, ” Robert De Niro, Robert Downey Jr, “ Oppenheimer ” Ryan Gosling, “ Barbie, Mark Ruffalo, Emily Blunt, “ Oppenheimer, Danielle Brooks, Jodie Foster, Da’Vine Joy Randolph, Justine Triet, ” Martin Scorsese, Yorgos, Jonathan Glazer, “ El Conde ”, ” “ Oppenheimer, ” “, Fortune ”, Henry Sugar ”, Yoko ”, Banning, Barber, Pó, Mariupol, I’m, Indiana Jones, hairstyling, Golda ” “, Napoleon ” “ Oppenheimer, Napoleon ” Organizations: CNN, Dolby, ABC, Japan “ Society, ” United, Music, John, “, “ Society, Guardians Locations: America, Germany, Italy, Japan, Spain, ” United Kingdom, ”

☆ Dollar ends week under pressure as data keeps rate cut hopes alive
▼ + stars: | 2024-03-08 | by ( ) www.cnbc.com time to read: +4 min

The unemployment rate rose to 3.9% in February after holding at 3.7% for three straight months, the data showed. The euro got a lift this week as the dollar came under pressure after Federal Reserve Chair Jerome Powell sounded more confident about cutting interest rates in coming months. Currencies typically weaken if central banks lower interest rates. Against the yen, the dollar was 0.68% lower at 147.05 yen, its weakest since Feb. 2. Firming hopes that interest rates in the U.S. and Europe will start to fall in June also helped prop up the risk-sensitive Australian and New Zealand dollars.

Persons: Jerome Powell, Stuart Cole, Cole, Powell, Lindsey Bell, Kathleen Brooks, Sterling, BoE, Firming, bitcoin Organizations: Federal Reserve, Bureau of Labor Statistics, Equiti, ECB, Federal, Ventures, Bank of, Reuters, European Central Bank, U.S . Federal, Bank of England, New Locations: Japan, Charlotte , North Carolina, Bank of Japan, U.S, Europe, New Zealand

☆ The best Oscars bets: Who is expected to win at this year's Academy Awards
▼ + stars: | 2024-03-08 | by ( Madeline Berg | ) www.businessinsider.com time to read: +9 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe stars won't be the only people with something on the line at the 96th annual Academy Awards on Sunday. With betting more accessible — and legal — than ever before, movie fans and living-room gamblers will be trying their luck. AdvertisementThat said, this year's Oscars are expected to attract more speculators than recently thanks to box office hits "Barbie" and "Oppenheimer." Still, the Academy Awards can be harder to game than sports, which have a bevy of statistics for people to pore over.

Persons: —, Jimmy Kimmel's, Margot Robbie's, Bill Speros, Oppenheimer, Speros, DraftKings, Austin Butler, Elvis, Brendan Fraser, Lily Gladstone, Gilbert Flores, Annette Bening, Sandra Hüller, Carey Mulligan, Maestro, Emma Stone, Cillian Murphy, Bradley Cooper, Colman Domingo, Rustin, Paul Giamatti, Jeffrey Wright, Christopher Nolan, Justine Triet, Martin Scorsese, Yorgos, Jonathan Glazer, Joy Randolph, Mary Lamb, Seacia, Da'Vine Joy Randolph, Emily Blunt, Danielle Brooks, Barbie, Jodie Foster, Robert Downey Jr, Sterling K, Brown, Robert De Niro, Ryan Gosling, Mark Ruffalo, Conde, Napoleon, Leonard Bernstein, Netflix's, Golda, Henry Sugar, John, Yoko, Barber, Indiana Jones, Billie Eilish, Finneas O'Connell, Diane Warren, Ken, — Mark Ronson, Andrew Wyatt, Jon Batiste, — Scott George Organizations: Service, Business, NBA, Super, American Gambling Association, Academy of Motion Picture Arts and Sciences, Netflix, Society, Music Locations: Ontario, —, United Kingdom, Italy, Japan, Spain, Germany

☆ Dollar falls with Treasury yields on views of looming U.S. rate cuts
▼ + stars: | 2024-03-07 | by ( ) www.cnbc.com time to read: +3 min

Against the yen , the dollar bottomed at a roughly one-month trough of 148.94 in early Asian trade on Thursday. The euro and sterling held near one-month highs struck in the previous session and last bought $1.0902 and $1.2738 respectively. Market bets for imminent cuts also kept U.S. Treasury yields under pressure, with the two-year yield which typically reflects near-term rate expectations — last at 4.5640%. All of that left the greenback pinned near a one-month low against a basket of currencies. The New Zealand dollar rose 0.05% to $0.6133, while the Australian dollar edged 0.11% higher to $0.6572.

Persons: bitcoin, Jerome Powell, Carol Kong, Powell, Simon Harvey Organizations: U.S, Federal, Treasury, Commonwealth Bank of Australia, Fed, Canadian, Bank of Canada, BoC, Wednesday, New Zealand

☆ Oscars 2024: Print Your Ballot!
▼ + stars: | 2024-03-07 | by ( ) www.nytimes.com time to read: +3 min

Dead Reckoning Part One" ☐ "Oppenheimer" ☐ "The Zone of Interest" Visual Effects ☐ "The Creator" ☐ "Godzilla Minus One" "Guardians of the Galaxy Vol. 3" 00 "Mission: Impossible. Dead Reckoning Part One" ☐ "Napoleon" Original Score "American Fiction" "Indiana Jones and the Dial of Destiny" ☐ "Killers of the Flower Moon" "Oppenheimer" "Poor Things" Original Song "The Fire Inside" ("Flamin' Hot") "I'm Just Ken" ("Barbie") "It Never Went Away" ("American Symphony") ☐ "Wahzhazhe (A Song For My People)" ("Killers of the Flower Moon") "What Was I Made For?" ("Barbie") Documentary Feature "Bobi Wine: The People's President" "The Eternal Memory" "Four Daughters" "To Kill a Tiger" "20 Days in Mariupol" International Feature "The Teachers' Lounge," Germany "lo Capitano," Italy "Perfect Days," Japan "Society of the Snow," Spain "The Zone of Interest," United Kingdom Animated Short "Letter to a Pig" ☐ "Ninety-Five Senses" "Our Uniform" "Pachyderme" "War Is Over! Inspired by the Music of John & Yoko" Documentary Short "The ABCs of Book Banning" "The Barber of Little Rock" "Island in Between" "The Last Repair Shop" "Nai Nai & Wai Po" Live-Action Short "The After" "Invincible" "Knight of Fortune" "Red, White and Blue" "The Wonderful Story of Henry Sugar”

Persons: ☐, Oppenheimer, Jonathan Glazer, Christopher Nolan, Martin Scorsese, Bradley Cooper, Maestro, Colman Domingo, Rustin, Paul Giamatti, Cillian Murphy, Jeffrey Wright, Annette Bening, Lily Gladstone, Sandra Hüller, Carey Mulligan, Emma Stone, Sterling K, Brown, Robert De Niro, Robert Downey Jr, Ryan Gosling, Barbie, Mark Ruffalo, ☐ Emily Blunt, Danielle Brooks, Jodie Foster, Da'Vine Joy Randolph, Napoleon, El Conde, Golda, Indiana Jones, Ken, Yoko, Barber, Henry Sugar Organizations: New York Times, Society, United, Music, John Locations: Germany, Italy, Japan, Spain

☆ Meet Boston's new power venture capitalist
▼ + stars: | 2024-03-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +10 min

A changing of the guard is underway at Boston-based venture capital firm Underscore VC. The venture capitalist, wearing a cherry red cardigan and Apple Watch, cracked open a notebook and set it beside an iced coffee. Underscore VCLyman's Facebook credentials could have given her a ticket to many venture firms located down the road in Menlo Park. "The thesis is that if you get the right people around the business at the right time, it'll change the trajectory of the business," Lyman said. As Lyman steps up, so does UnderscoreUnderscore is moving into its next phase during a reckoning for venture capital.

Persons: Lily Lyman, —, Mike Greene, Marley, Lyman, Greene, she's, Michael Skok, John Pearce, Lyman —, Lily, they're, Skok, Alessandra Henderson, Pamela Aldsworth, Jeff Bussgang, Hi Marley, Gordon Ritter, Kevin Bacon, There's, Ritter Organizations: Service, Harvard University, Facebook, House, Apple Watch, Elektra Health, JPMorgan, New England Venture Capital Association, MIT, Allston Venture Fund, Harvard, Boston's, Capital Partners, OpenView Venture Partners, SEC, Old, Capital Locations: Boston, Old, Menlo Park

☆ Dollar steady ahead of Powell testimony, bitcoin takes breather
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar was largely steady on Wednesday, as traders avoided making large bets ahead of congressional testimony from Federal Reserve Chair Jerome Powell, as well as the European Central Bank's, or ECB, rate decision and U.S. jobs data later this week. In cryptocurrencies, bitcoin was slightly up but stayed below a record high reached in a volatile overnight session. Powell is expected to reinforce that the Fed will wait for more data before making any rate cuts. Elsewhere, the ECB is widely expected to leave interest rates at a record 4% at its policy meeting on Thursday. Markets are also keeping a close eye on the world's largest cryptocurrency, bitcoin , after it surged to a record high overnight before retreating sharply.

Persons: Jerome Powell, bitcoin, Powell's, Powell, Carol Kong, Sterling Organizations: U.S, Federal, European Central Bank, Institute for Supply Management, Traders, Commonwealth Bank of Australia, ECB Locations: U.S

☆ Dollar a spectator to China news, yen ponders rate risks
▼ + stars: | 2024-03-05 | by ( ) www.cnbc.com time to read: +3 min

There was more action in bitcoin , which gained 1.2% to $68,341 after surging more than 7% on Monday. The Japanese yen held steady after data showed Tokyo core inflation sped up to 2.5% in February, from 1.8% the previous month. "Accordingly, we're sticking to our forecast that the Bank of Japan will hike interest rates into positive territory next month." The dollar was a fraction lower at 150.44 yen , having again shied away from resistance around 150.85, which has capped the currency for more than three months now. The European Central Bank, or ECB, holds a meeting on Thursday and markets are convinced it will keep rates at 4.0%.

Persons: Marcel Thieliant, Jerome Powell, Sterling, Jeremy Hunt Organizations: People's Congress, Bank of Japan's, Capital Economics, Bank of, Federal Reserve, European Central Bank, ECB, Westpac, . Finance Locations: China, Tokyo, Japan, bitcoin, United States, Beijing, Asia, Bank of Japan

☆ LAFC head coach condemns MLS game played in heavy snow as an ‘absolute disgrace’
▼ + stars: | 2024-03-03 | by ( Issy Ronald | Wayne Sterling | ) edition.cnn.com time to read: +3 min

CNN —Los Angeles Football Club (LAFC) head coach Steve Cherundolo said it was an “absolute disgrace” that his team’s match against Real Salt Lake (RSL) went ahead despite a blizzard engulfing the America First Field in Sandy, Utah on Saturday. After the Major League Soccer (MLS) match had been delayed for more than three hours due to the inclement conditions, LAFC sunk to a 3-0 defeat while the snow fell around the players. “It was not difficult conditions [but] impossible conditions, an absolute joke that we had to play today,” Cherundolo told reporters. LAFC head coach Steve Cherundolo watches on from the touchline. “I didn’t even watch the game, the last 20 minutes you couldn’t see anything.”French World Cup winning goalkeeper Hugo Lloris was playing in his second game for LAFC.

Persons: Steve Cherundolo, ”, ” Cherundolo, Rob Gray, LAFC, Andrés Gómez, Hugo Lloris, Diego Luna, Gómez, Chico Arango, Cherundolo, Chris Gardner, Pablo Mastroeni, ’ Organizations: CNN, Los Angeles Football Club, Real, Real Salt Lake, America, Major League Soccer, USA, Sports, RSL, LAFC, Getty, MLS Locations: Real Salt, Sandy , Utah

☆ Dollar steady as traders ponder Fed rate cut bets; yen shaky at 150 per dollar
▼ + stars: | 2024-03-01 | by ( ) www.cnbc.com time to read: +3 min

The dollar was steady on Friday after data showed U.S. inflation remained sticky but easing gradually, keeping alive the chance of the Federal Reserve cutting rates in June, while the yen slid back to the key 150 per dollar level. The data showed U.S. prices picked up in January in line with expectations, while annual inflation slipped to the lowest in three years. Takata's comments stoked expectations that the central bank could end negative rates in March rather than the widely held view of a move in April. The contrasting comments are likely to keep investors guessing about the next move from the central bank. The Australian dollar rose 0.08% to $0.65025, while the New Zealand dollar was little changed at $0.6088.

Persons: Raphael Bostic, Hajime Takata, Kazuo Ueda Organizations: Federal Reserve, Commonwealth Bank of Australia, Traders, Atlanta Federal Reserve Bank, Bank of Japan, New Zealand Locations: United States, U.S, Atlanta

☆ Many workers believe pensions are key to achieving the American Dream. But getting those plans back isn't easy
▼ + stars: | 2024-03-01 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

watch nowMore than three-quarters of Americans, 77%, say the unavailability of pensions is making it harder to achieve the American Dream, according to a new report from the National Institute on Retirement Security. With the shift from pensions to 401(k)s, the responsibility for saving for retirement has transferred from employers to workers. "When not managed properly, defined benefit plans can end up like Ponzi schemes," Greszler said at Wednesday's Senate hearing. Neither Social Security nor multiemployer pensions can pay benefits as promised, she noted. To shore up Social Security, the average American household would have to pay at least $3,000 per year more in taxes, money that would better be invested in personal accounts, Greszler argued.

Persons: Rebecca Cook, Sara Schambers, Schambers, Teresa Ghilarducci, Ghilarducci, Rachel Greszler, Greszler, Sen, Bill Cassidy Organizations: United Auto Workers, Sterling Heights Assembly, Reuters, Ford, Washington , D.C, UAW, National Institute on Retirement Security, Pensions, Finance, Security, Workers, The New School for Social Research, The Heritage Foundation, Senate, Social Security Locations: Sterling Heights, Sterling Heights , Michigan, Washington ,, New

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