FOREX-Dollar eases as traders look to central banks for cues

(Updates to U.S. afternoon) By Saqib Iqbal Ahmed NEW YORK, Jan 25 (Reuters) – The dollar slipped against the euro on Wednesday, but its losses were capped as traders were hesitant to make any big bets ahead of next week’s central bank meetings, including the Federal Reserve and the European Central Bank. In addition, much … Read more

One of Wall Street’s most feared short-selling research firms just accused Asia’s richest man of a multibillion-dollar f

Asia’s wealthiest person saw his fortune take a hit on Wednesday, after a famed U.S. short-seller accused him of “pulling the largest con in corporate history.” In a report published on Tuesday, Hindenburg Research said Adani Group and its founder, Gautam Adani—one of the richest people in the world—had engaged in “a brazen stock manipulation … Read more

One of Wall Street’s most feared short-selling research firms just accused Asia’s richest man of a multibillion-dollar f

Asia’s wealthiest person saw his fortune take a hit on Wednesday, after a famed U.S. short-seller accused him of “pulling the largest con in corporate history.” In a report published on Tuesday, Hindenburg Research said Adani Group and its founder, Gautam Adani—one of the richest people in the world—had engaged in “a brazen stock manipulation … Read more

A laid-off Google employee said she felt ‘betrayed’ and ‘reduced to a dollar sign’ when the tech giant cut her job

An ex-Googler said she felt “betrayed” and “reduced to a dollar sign” after being laid off. In a LinkedIn post, she said she was “disappointed” with how the tech giant executed the layoffs. Google announced 12,000 layoffs Friday, with staff across all facets of the company impacted. A laid-off Google employee said she felt “betrayed” … Read more

GLOBAL MARKETS-Dollar struggles, shares buoyant as business activity data set the mood

By Alun John LONDON, Jan 24 (Reuters) – The euro held at a nine-month top against the dollar and global equities bobbed at multi-month highs on Tuesday after reasonable European business activity data and a slew of corporate earnings kept risk appetite buoyant. Euro zone business activity made a surprise return to growth in January, … Read more

Dollar struggles, shares buoyant as business activity data set the mood

By Alun John LONDON (Reuters) – The euro held at a nine-month top against the dollar and global equities bobbed at multi-month highs on Tuesday after reasonable European business activity data and a slew of corporate earnings kept risk appetite buoyant. Euro zone business activity made a surprise return to growth in January, the latest … Read more

Activist Elliott Takes Multibillion-Dollar Salesforce Stake

(Bloomberg) — Hedge fund Elliott Investment Management has taken a substantial activist stake in Salesforce Inc., swooping in after layoffs and a deep stock swoon at the enterprise software giant. Most Read from Bloomberg “Salesforce is one of the preeminent software companies in the world, and having followed the company for nearly two decades, we … Read more

Gold and silver boom predicted as US hits debt ceiling, dollar devalues

Ongoing inflationary pressures and increasing risk the on its loans will likely see Wall Street traders rush to precious metals in 2023. The U.S. hit its $31.4 trillion debt ceiling on Thursday, after the latest showed consumer prices still 6.5% higher on an annual basis. Meanwhile, gold and silver jumped roughly 15% and 21%, respectively, … Read more

Saudi Arabia just said they are now ‘open’ to the idea of trading in currencies besides the US dollar — does this spell

The 2023 World Economic Forum has been going on for just a few days and we’re already getting a glimpse of the future the global elites envision for us all. Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, stunned reporters in Davos when he expressed that the oil-rich nation was open to trading in currencies beside the … Read more