By Rahul Trivedi BENGALURU (Reuters) -Bank Indonesia (BI) will leave interest rates unchanged on Wednesday despite inflation falling to its lowest level since 2021, as receding expectations of aggressive U.S. Federal Reserve easing weaken the rupiah, a Reuters poll found. Inflation eased to a multi-year low of 1.84% in September and has been within BI’s target of 1.5% to 3.5% throughout 2024, suggesting the central bank could further lower rates before year-end. Despite BI’s intervention to stabilise the rupiah last week, the currency has fallen more than 3% from a September peak following a strong U.S. employment report. That suggests…
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Blackrock CEO Larry Fink has emphasized bitcoin’s growing legitimacy as an investment, calling it an alternative to commodities like gold. Source link
By Mike Scarcella (Reuters) -Google has asked a California federal judge to pause his sweeping court order requiring it to open up its app store Play to greater competition. In a court filing on Friday night, Google said U.S. District Judge James Donato’s injunction order, which goes into effect on Nov. 1, would harm the company and introduce “serious safety, security, and privacy risks into the Android ecosystem.” The tech giant, a unit of Alphabet (NASDAQ:), asked Donato to stay the order while it pursues an appeal. The judge issued the injunction on Oct. 7 in a case brought by…
Cerebras is approaching chipmaking differently. Can it carve out a space for itself in an industry of titans? In this podcast, Motley Fool host Dylan Lewis and analysts Asit Sharma and Jason Moser discuss: The dockworkers strike, its daily cost, and the industries it could impact most. (Editor’s note: This podcast was recorded before the strike was called off.) Upcoming AI chip IPO Cerebras, and how the company is approaching high-performance chips differently than the competition. Fresh earnings from: Nike, Paychex, and McCormick. Two stocks worth watching: PepsiCo and Joby Aviation. October 2024 marks 20 years of Rule Breakers at…
Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The SiteJames Howells, etched in the history books for accidentally discarding Bitcoin (CRYPTO: BTC), which is worth more than half a billion dollars today, took a major step in retrieving them.What Happened: In a last-ditch effort, the Wales-based software engineer filed a lawsuit against Newport City Council for roughly 495.31 million British pounds, or about $647 million, in damages for repeatedly denying his request to excavate the landfill site housing the discarded hard drive, which contains around…
By Jeff Mason and Nandita Bose (Reuters) – Democratic presidential nominee Kamala Harris could sit down with popular podcaster Joe Rogan for an interview in the final stretch of the U.S. presidential campaign, three sources with knowledge of the matter said on Monday. Harris campaign officials met with Rogan’s team this week but an appearance has not been confirmed yet, two of the sources said. Rogan, who runs the most popular podcast in the United States, has a highly coveted and devoted following that leans young, male and numbers in the tens of millions. The interview will offer Harris an…
The popularity of anime — or animation produced in Japan — has boomed in recent years, and several global entertainment companies are leading in, according to Jefferies. “Many companies are now positioning anime-related businesses as core to their growth strategies,” the investment bank’s analysts said in an Oct. 9 equity research note. The key driver, they said, is overseas expansion. “The size of the overseas market has expanded rapidly over the past 10 years at a CAGR (compound annual growth rate) of 20%, and since Covid-19, it has grown to the same size as the Japanese market,” the analysts explained.…
Investing.com – Brazil stocks were higher after the close on Monday, as gains in the , and sectors led shares higher. At the close in Sao Paulo, the added 0.78%. The best performers of the session on the were Sendas Distribuidora SA (BVMF:), which rose 6.25% or 0.42 points to trade at 7.14 at the close. Meanwhile, Lwsa SA (BVMF:) added 5.17% or 0.21 points to end at 4.27 and Marfrig Alimentos SA (BVMF:) was up 3.70% or 0.47 points to 13.17 in late trade. The worst performers of the session were Prio SA (BVMF:), which fell 1.88% or 0.83…
By Kanishka Singh WASHINGTON (Reuters) – The Arab American Political Action Committee said on Monday it will not endorse Democratic Vice President Kamala Harris or Republican former President Donald Trump citing what it called their “blind support” for Israel in wars in Gaza and Lebanon. The Nov. 5 U.S. elections will mark the first time AAPAC has chosen not to endorse a candidate since the group’s 1998 inception. It usually endorses Democrats. Polls show the race between Harris and Trump as tight. Arab and Muslim Americans overwhelmingly backed President Joe Biden in 2020 but have been vocal opponents of U.S.…
Investing.com– China’s Ministry of Finance over the weekend outlined hotly awaited fiscal stimulus policies intended to help support the economy, with analysts noting that while the signaling was positive, the government had still left out several key details. The MoF flagged plans to issue more debt- specifically 400 billion yuan ($56 billion) in new local government bonds- aimed at supporting regional spending. The ministry flagged plans for a one-off increase in debt quotas to support local governments, but did not specify a size. The MoF also said that 2.3 trillion yuan left over from a prior LGB issuance would be…