The United States vice president and President Biden’s top advisors have held a meeting with several AI industry CEOs to discuss “concerns about the risks associated with AI.” On May 4, U.S. vice president Kamala Harris was joined by nine top Biden administration advisors in science, national security, policy and economics, meeting with the CEOs
Month: May 2023
Gold prices were flat on Friday but set for their biggest weekly gain in nearly two-months, as hopes of a pause in the U.S. central bank’s interest rate hike cycle and banking worries bolstered the appeal of the safe-haven metal. FUNDAMENTALS * Spot gold was little changed at 2,048.81 per ounce by 0039 GMT, but
Dollar was sold off broadly overnight after Fed indicated openness to a pause in tightening after raising interest rate by 25bps. Yet, selloff is relatively limited after Chair Jerome Powell ruled out a rate cut this year. Indeed, major stock indexes ended slightly lower, as weighed by persistent concerns over regional banks in the US.
Gold traded to a new all-time high today Gold prices reached a new record high today. Spot gold rose to a record high of $2,081.82 per ounce. That move took out the 2022 and 2020 highs between $2070.59 and $2075.14.. The current price trades back below those levels that $2049.87. That’s still up $7.07 or
The privately surveyed PMIs from China for April 2023. Caixin / S&P Global Services PMI 56.4 vs. expected 57.3 and previously at 57.8 Composite 53.6 vs. previously at 54.5 The report highlights these Key findings: Slower but still sharp increases in activity and new work Input cost inflation quickens to one-year high Employment growth moderates,
In this article SG CMG Follow your favorite stocksCREATE FREE ACCOUNT Nicolas Jammet, chief concept officer and co-founder of Sweetgreen Inc., right, eats a salad during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg
Share: USD/CNH has witnessed a recovery move to near 6.9200 after Caixin Services PMI failed to match estimates. Caixin Services PMI has landed at 56.4, marginally lower than the estimates of 56.5 and the former release of 57.8. Broadly, the USD Index is showing signs of volatility contraction ahead of the release of the US
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On a recent evening in April, only three or four people browsed among the several gold jewellery booths in a plaza in Beijing’s high-end Wangfujing shopping district and all left without buying anything. “I’m just taking a look. I do not consider buying right now because prices are too high at the moment,” said one
Euro dips initially after ECB stepped down tightening pace with a 25bps rate hike today. But it then quickly recovers after ECB President Christine Lagarde firmly said in the press conference, “We are not pausing. That’s very clear… We know we have more ground to cover.” Overall though, Euro is on the weaker side today,
Share: Brent Crude Oil is under heavy pressure after recently rejecting key resistance levels, suggesting a resumption of the downtrend is likely, with next supports at $65.72 and $63.02, analysts at Credit Suisse report. Key resistance at $86.41/89.37 still expected to cap “With medium-term momentum still negative and short-term momentum crossing back into outright bearish
The USDJPY is moving to a new session low and in the process is moving away from the 50% midpoint of the move up from the April low to the May high reached earlier this week. The midpoint level comes in at 134.177. The current price trades at 134.00 . The next target comes between
Shares of Western Alliance Bancorp are down 30% on a report from the FT that they’re exploring a sale, citing two people. (update -45%). The report has also weighed on wider sentiment and sent the S&P 500 to session lows, down 37 points, or 0.9%. AI image “What’s the fastest anyone has cut rates after
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Chief Executive Officer (CEO) of Apple Tim Cook waves to people during the opening of the first Apple Inc. flagship store in Mumbai, India on April 18, 2023. Imtiyaz Shaikh | Anadolu Agency | Getty Images Apple is scheduled to report fiscal second-quarter results after
Centralized crypto exchanges have seen a dip in trading volumes in April for the first time in three months as digital assets cool off from a hot first quarter. According to blockchain data provider Kaiko, trading volumes on centralized exchanges have fallen back following three consecutive months of gains. April’s volumes were almost half of
Oil prices fell over 1% on Thursday, deepening steep losses in recent days, after the U.S. Federal Reserve increased interest rates and investors worried about a weakening global economy that could dent energy demand. Brent futures fell 76 cents, or 1.1%, to $71.57 a barrel by 0002 GMT. The global benchmark on Wednesday posted its
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