Gold (XAU/USD) attracts some sellers after failing to find acceptance above the $4,100 mark the previous day, though it holds above the $4,000 psychological mark during the Asian session on Wednesday. Despite soft US Consumer Price Index (CPI) data, investors remain worried about energy-driven inflation as escalating US-Iran tensions and…
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Commerzbank’s Dr. Henry Hao and Moses Lim note S&P Global Ratings affirmed Indonesia’s BBB sovereign rating with a stable outlook, citing fiscal discipline and adherence to the 3% deficit ceiling. Nonetheless, S&P views recent fiscal and external deterioration as temporary but flags higher bond yields and weaker Indonesian Rupiah (IDR) as headwinds. USD/IDR rose toward all-time highs, even as Bank Indonesia (BI) pledged to go all out to keep Rupiah stable.Rating stable but FX under…
California Attorney General Rob Bonta believes Paramount’s planned takeover of Warner Bros. Discovery (WBD) is…
Gold price surges by some 1.50% on Tuesday as US consumer inflation data came in…
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AI is getting expensive. Chamath Palihapitiya says he thinks CFOs may be about to discover those costs the hard way.Palihapitiya, a billionaire venture capitalist and one of the co-hosts of the “All In” podcast, said Tuesday on CNBC that businesses encouraging employees to consume more AI could face surprise operating…
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Federal Reserve Chair Kevin Warsh on Tuesday told House lawmakers that the central bank’s policymakers have “no tolerance for persistently elevated inflation” in his first testimony as Fed chief. Warsh said in his prepared testimony for the House Financial Services Committee that concerns about inflation influenced the Fed’s decision to hold the…
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With its lilac and sage-green color scheme, white marble, and gold accents — very millennial-coded — the atmosphere in my hotel room felt light and airy. Lamps added warmth to the space, while crystal knobs sparkled from the custom-made console and nightstands.”We wanted the casino to be exciting, we wanted…
