The U.S. Consumer Product Safety Commission or CPSC has announced recalls including snowmobiles, LaBomba bicycles, Coolers, pants sets, Fossil Bracelets, crib mattresses, and magnetic ball sets citing various reasons. The recall involves about 2,700 units of Textron Specialized Vehicles\' Arctic Cat Catalyst 600 Snowmobiles for injury risk; about 3,040 units of GT Bicycles LLC\'s LaBomba...
The U.S. Federal Reserve Chair Jerome Powell has made it clear to the Senate Banking Committee that the Fed has no imminent plans to launch a central bank digital currency (CBDC). During the hearing, Powell elaborated on the Fed’s current stance on CBDCs, emphasizing that while the concept is under study, the implementation of a...
-- U.S. stock index futures fell in evening deals on Sunday, extending declines on Wall Street as the technology sector was walloped by profit-taking, with focus turning squarely to key upcoming inflation data. Profit-taking in the technology sector, especially in market darling NVIDIA Corporation (NASDAQ:NVDA), saw Wall Street indexes pull back sharply from record highs...
Asian stocks followed Wall Street higher on Friday to hit a seven-month high as easier interest rates beckoned on the horizon. The dollar and Treasury yields were under pressure, helping underpin sentiment ahead of the all-important U.S. jobs data due later in the day that might offer further clues on when the Federal Reserve could...
The central bank of the Philippines (BSP) aims to complete a CBDC pilot by the end of the year, according to a local press report. Central bank Deputy Governor for Payments and Currency Management Mamerto Tangonan told a press briefing Wednesday: “For CBDC… our timeline for that is to complete the pilot this year, towards...
-- Japanese stocks fell sharply on Monday, while the yen hovered near one-month highs as media reports suggested the Bank of Japan could end its yield curve control policies by as soon as next week. The Nikkei 225 index slid as much as 2% in early morning trade, while the yen firmed 0.2% against the...
German stocks edged lower on Friday ahead of the all-important U.S. jobs report due later today that could influence the Fed\'s rate trajectory. Closer home, Germany\'s industrial production expanded in January, figures from Destatis showed earlier today. Industrial production posted a monthly growth of 1.0 percent, in contrast to the 2.0 percent fall in December....
In an insightful interview, Piers Ridyard, CEO of the decentralized network Radix DLT, discussed his “wild ride” through the worlds of smart contracts and Y Combinator. Chatting with Cryptonews Podcast host Matt Zahab, the CEO talked about finding Ethereum, mining on its genesis block, selling ETH, and getting into Radix. Ridyard told us about the...
SEOUL (Reuters) - South Korea\'s financial market watchdog said on Monday it has found wrongdoings by financial firms selling derivatives linked to a Hong Kong stock market index. \"The inspection result shows there was poor management of sales policy and consumer protection, incomplete sales at the system level and various kinds of incomplete sales in...
French stocks were little changed in cautious trade on Friday as investors awaited the all-important U.S. jobs report later in the day that could help shape investor expectations on interest rate cuts. Meanwhile, France\'s trade deficit increased at the start of the year as exports fell faster than imports, data released by the customs office...