By Jaspreet KalraMUMBAI (Reuters) – The Indian rupee strengthened on Friday as Asian currencies benefited from the weakness in the U.S. dollar as the odds of a outsized Federal Reserve rate cut next week rose after media reports said the decision is likely to be a close call.The rupee closed at 83.8875 against the U.S. dollar, up from its close at 83.9650 in the previous session.The currency strengthened nearly 0.1% week-on-week, its best weekly performance since the week ended June 25.The dollar index dipped below the 101 handle on Friday and was down 0.2% on the day, while the Korean…
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Companies around the world paid a record $606.1 billion in dividends to their shareholders during the second quarter — 8.2% more than the prior-year period. Nearly 90% of dividend-paying companies have either held their payments steady or raised them over the past year. This data suggests that right now is a great time for dividends. However, that’s not always the case. Downturns and recessions can severely impact the ability of some companies to continue making those payments. While some companies might at some point be unable to maintain their dividends, Enterprise Products Partners (NYSE: EPD), Enbridge (NYSE: ENB), and American…
Join Our Telegram channel to stay up to date on breaking news coverage The Black Agnus price has skyrocketed 438% in the last 24 hours to trade at $0.000003223 as of 6 p.m. EST on a 265% surge in trading volume to $7.5 million. Black Agnus Price Faces A Resistance Within The Parabolic Curve The FTW/USD trading pair shows an interesting and potentially bullish scenario. Currently, the price is trading above both the 50-period and 200-period simple moving averages, at $0.00000305, and $0.00000301, indicating a “golden cross.” This is generally considered a strong bullish signal, where short-term momentum overtakes the longer-term…
Stylish performance Google Pixel 9 The Google Pixel 9 takes everything about its predecessor and polishes it to a sheen. While this comes with a noticeable price bump and AI features that can’t be removed, the phone overall shows Google at its best.ProsFantastic camera is better than you thinkSeven years of Android upgradesPhone looks and feels great in the hand ConsPoor wired and wireless charging speedsMany AI tools are not up to scratch$200 more than the Pixel 7 Basic but excellent Google Pixel 7 The Google Pixel 7 launched before Google committed to seven years of OS updates for its…
The volatility that dominated markets in the early part of the month sharply reversed in the last week, driven by growing expectations of interest rate cuts that have bolstered investor risk appetite.The latest inflation statistics for August seem to give the green light for the Federal Reserve to proceed with an interest rate cut, which is highly likely to occur Sept. 18.The remaining question concerns the size of the cut — whether it will be 25 basis points or 50 basis points.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of…
“I was like, ‘If you tell that joke on air, I’m leaving.'”Michael Che doesn’t always love Colin Jost’s contributions to Saturday Night Live.In an interview with Dana Carvey and David Spade on their Fly on the Wall podcast, the “Weekend Update” cohosts reflected on the moments in which they drive each other crazy, after Carvey asked if Jost or Che had ever threatened to kick the other’s ass because of something they’d said during the show.Will Heath/NBC/NBCU Photobank Colin Jost and Michael Che on ‘Weekend Update’ on ‘Saturday Night Live’ in 2019Related: Live from, well, Brooklyn, it’s SNL stars Colin…
Fourteen months. That’s how long financial commentators have been speculating about the day the Federal Reserve will finally start cutting interest rates again.Deliverance is finally due to arrive on Sept. 18, 2024, when the Fed’s policymaking committee concludes its next meeting. At the moment of climax, the federal funds interest rate is likely to decline from 5.5% to 5.25% and civilization as we know it will be forever changed.Is it possible to overanalyze the Fed? The Wall Street ecosystem clearly doesn’t think so. Big banks and forecasting firms have issued hundreds, possibly thousands, of reports during the last year attempting…
As Democrats continue to snatch back the mantle of freedom, some younger Black voters feel that the message rings a little bit hollow.Yes, they’re enthusiastic that Vice President Kamala Harris is at the top of a major political party’s ticket. But they’re also concerned that the party’s calls for freedom and a more inclusive democracy are too narrow — that they ignore the plight of Palestinians.This friction contributes to a generational divide. One pollster, per The New York Times, observed an almost 30-point gap in support for Democrats between Black voters from the ages of 18 through 49 and Black…
Slate’s guide to the most important figures in politics this week.Hello and welcome back to the Surge, Slate’s weekly roundup of the newsmaking-est figures in U.S. politics! I’m Ben Mathis-Lilley, filling in for Jim Newell, who has been deployed to far-northern Norway to investigate Russian sabotage attacks and is currently attempting to attach a surveillance device to a walrus. Careful with the whiskers, Jim!This week, well, it was all about the debate. The debate was pretty big, as a political event, this week. Unfortunately, there were only two participants in the debate and the Surge requires seven entries. How will…
Bitcoin Spot ETF inflow hit its highest level in over 50 days with $263 million positive net flow on Friday, September 13. Bitcoin dominance makes news highs almost everyday, climbs past 57% on Saturday. BTC fear and greed index flashes neutral after asset breaks past $60,000 psychological barrier. BTC trades at $60,134 at the time of writing. Bitcoin (BTC) Spot ETFs are considered a marker of institutional interest in the asset. Spot ETF inflows ended a negative streak with record net flows to the asset class on Friday, September 13. Bitcoin’s dominance relative to other altcoins hit a new high,…