In the year 2023, there was a significant surge in employment scams, with criminals taking advantage of artificial intelligence to deceive unsuspecting job seekers. Reports of job scams saw a staggering increase of 118% from the previous year, as per the Identity Theft Resource Center. These scammers often pose as recruiters, posting fake job listings
The financial markets are set to experience a week filled with significant event risks that are poised to capture the attention of investors worldwide. The week kicks off with Fed Chair Powell’s testimony before the Senate Banking Committee, where market participants will be keenly listening to his remarks for any insights into the central bank’s
In recent months, experts have been closely monitoring the Australian economy and the Reserve Bank of Australia (RBA) due to increasing inflation expectations. Bloomberg TV APAC Chief Markets Editor, David Ingles, highlighted the significance of the hotter-than-expected Monthly CPI Indicator. He mentioned that the cash rate futures and swaps are currently indicating a near 50-50
France is witnessing a political reshuffle as political parties rush to establish alliances following President Emmanuel Macron’s unexpected decision to hold a parliamentary election. This move has resulted in the division of the political landscape into three major blocs. These include the far-right National Rally, the leftwing New Popular Front, and Macron’s centrist coalition known
China’s prominent electric vehicle manufacturer BYD has solidified its foothold in the Thai market by acquiring a 20% stake in Rever Automotive, its local distributor in Thailand. This significant move comes as BYD aims to further strengthen its position in Thailand, which is considered its largest market outside of China. BYD recently inaugurated its first
As the U.S. presidential election draws near, bond investors are reevaluating their strategies due to the uncertainty surrounding the outcome. Following President Joe Biden’s lackluster performance in the first presidential debate against Donald Trump, yields have seen a sharp increase, leading investors to speculate on the possibility of a second Trump presidency. The benchmark 10-year
Summer is the season of road trips, and with a record 70.9 million Americans expected to travel by car during the July Fourth holiday week alone, it’s worth exploring whether renting a vehicle for your road trip is more financially savvy than using your own car. Various factors come into play when making this decision,
The recent decision by a federal judge in Texas to partially block a Federal Trade Commission rule regarding noncompete agreements has sparked a heated debate. The ruling has far-reaching implications for both businesses and workers across the United States. This article will delve into the details of the ruling and its potential impact on the
The EUR/GBP cross pair is currently trading with a mild bearish bias around 0.8475 in the early European session, following the news that the UK’s Labour Party has won 337 seats in the parliamentary election. This outcome implies that the party now holds a majority in the House of Commons, which has potential implications for
The recent merger of Fetch.ai, Ocean Protocol, and SingularityNET has created a buzz in the crypto market. Instead of introducing a new token, these projects have decided to consolidate and trade under the FET ticker. However, the price action of FET has not been immune to the overall downtrend in the crypto market. With a
Gold prices have seen a positive rebound recently, mostly due to the weakening US Dollar and expectations of a September rate cut by the Federal Reserve. The current risk-on sentiment in the market, as demonstrated by the bullish equity markets globally, may put a cap on gold’s gains. Traders are eagerly waiting for the US
The USD/JPY pair recently reached a new multi-year high at 161.95 before experiencing a downward correction. This move was preceded by a break below a significant bullish trend line with support at 161.50 on the 4-hour chart. Despite this correction, the pair remains above the 100 and 200 simple moving averages, indicating a strong uptrend.