In this article TWLO RIVN ABNB PACW Follow your favorite stocksCREATE FREE ACCOUNT People walk along Wall Street outside of the New York Stock Exchange (NYSE) on May 03, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets
Nigerian human rights activist and lawyer, Femi Falana, has accused the International Monetary Fund (IMF) and the World Bank (WB) of sabotaging the currency swap arrangement between China and Nigeria. Falana said the Nigerian central bank and the two global financial institutions are helping to perpetuate “the dominance of the United States dollar in Nigeria.”
Aragon, an open-source framework designed to launch decentralized autonomous organizations (DAOs), has pulled plans for its native Aragon (ANT) token holders to be given voting rights over the future direction of the organization. The Aragon Association, a Switzerland-based organization that oversees the management of Aragon said in a May 9 tweet it exercised its “fiduciary
Increased fees and a backlog of transactions are besieging the Bitcoin (BTC) network and it’s due to a popular new “token” standard according to a CryptoQuant analyst. On May 9, Axel Adler Jr, an analyst with the crypto data firm, explained that BRC-20 memecoin minting on the BTC blockchain is causing the surge in block
The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy The US banking tremors are evolving. The first phase of the turmoil, when sudden and massive deposit outflows from poorly-managed and inadequately-supervised banks caused spectacular failures, has been stabilised. The current phase, which focuses on funding cost and balance sheet
Profits in the US banking sector reached an all-time high of roughly $80bn in the first quarter, up 33 per cent from a year ago, even as the industry contended with the aftermath of two bank failures and the most significant stress since the 2008 financial crisis. The banking turmoil was in large part responsible
When Gavin Patterson moved to become a top executive at San Francisco-based tech company Salesforce in 2019 after a sometimes bruising few years running BT, there was one clear perk. “On a personal level, you get to earn more money in the US,” he said. “And there is no public outcry if you are successful.”
The writer is a science commentator People who are very rich or very clever, or both, sometimes believe weird things. Some of these beliefs are captured in the acronym Tescreal. The letters represent overlapping futuristic philosophies — bookended by transhumanism and longtermism — favoured by many of AI’s wealthiest and most prominent supporters. The label,
If you’ve worn, touched or seen a diamond which was cut and polished in the past decade or so, the chances are it passed through Surat, India. India boasts more than 90 per cent of the world’s diamond manufacturing, and this historic trading city on the north-west coast is the industry’s capital. Surat’s polishers, who
The extended crypto winter has pushed crypto event organizers to tone down on the lavishness, allowing attendees to focus on asking more “intelligent questions” about regulation and tax. Crypto conferences attract all sorts from the crypto space, from founders and high-level executives to crypto influencers and everyday users. Tiffany Fong, a crypto vlogger who gained
The top Democrat on the House Intelligence Committee has warned that China and Russia would seek to exploit the chaos resulting from a U.S. default. He further cautioned that the U.S. dollar’s reserve currency status could be eroded if the U.S. defaults on its debt obligations. U.S. Lawmaker’s Debt Default Warning Congressman Jim Himes (D-CT),
A British citizen pleaded guilty on Tuesday to US computer hacking charges, including a 2020 attack on Twitter that took over dozens of celebrity accounts to solicit more than $115,000 in cryptocurrency. Joseph James O’Connor, known online as PlugwalkJoe, was extradited from Spain to the US on April 26. “O’Connor used his sophisticated technological abilities . . . to
Three new crypto-focused exchange-traded funds (ETFs) have been put forward for approval by cryptocurrency asset manager Grayscale Investments, which also announced a new entity to manage its growing funds. On May 9, Grayscale said it launched a new arm of its business — the Grayscale Funds Trust — allowing it to manage many of its
In this article TWLO RIVN ABNB PACW Follow your favorite stocksCREATE FREE ACCOUNT People walk along Wall Street outside of the New York Stock Exchange (NYSE) on May 03, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets
Personal finance expert and best-selling author Dave Ramsey has dismissed de-dollarization concerns and the prospects of a BRICS currency, the Chinese yuan, or the Russian ruble displacing the U.S. dollar in international trade. “They don’t have the muscle to take down the dollar,” he stressed. Dave Ramsey on De-Dollarization and Challenges From Alternative Currencies Personal
Advances in artificial intelligence will threaten white-collar workers and create “a serious number of losers” over the next decade, according to one of the co-founders of AI lab DeepMind who has pioneered the technology. “Unquestionably, many of the tasks in white-collar land will look very different in the next five to 10 years . . . there are
Iranian president Ebrahim Raisi has called on the Central Bank of Iran to lay the groundwork necessary to ditch the U.S. dollar for bilateral trade settlements and to make the switch to use the Iranian real whenever possible. The Central Bank of Iran has already started implementing this policy, proposing to pay bilateral trades using
Donald Trump has been found liable for the sexual abuse of a journalist in a Manhattan department store in the 1990s, in a significant legal defeat for the former US president as he mounts a third bid for the White House. A nine-person jury deliberated for just a few hours before unanimously finding Trump liable
The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. Charles Platiau | Reuters Check out the companies making headlines after the bell: Airbnb — Airbnb shares plunged nearly 11% despite a beat on the top and bottom lines. The company
High-spending holidaymakers are spearheading a boom in first-class and business-class flight bookings, leading big airlines to bet on a new era of luxury travel with investments in their cabins and lounges. Lufthansa this month said the “very strongest demand” for travel this year had been in its premium cabins and that leisure travellers had “almost
Municipals were steady Tuesday as a larger primary calendar took the focus while U.S. Treasuries were slightly weaker and equities ended down. Slight Treasury weakness, a quiet municipal market with weaker bids and a lot of uncertainty preceded the arrival of some of this week’s biggest deals in the primary market, according to a New