Author: Daniel snow
CIBC monthly FX outlook: Why the US dollar selloff is likely over Source link
Lyft CEO David Risher defended the company’s fourth-quarter results Wednesday, telling CNBC that consumer demand remains strong. “We have record profits, generated over a billion dollars in cash, and that’s a result of our customer-obsessed strategy, which just keeps working and growing the company,” he told CNBC’s “Squawk Box.” “So, love what we’re seeing, and really no softness on the consumer side at all.”Shares sank 15% Wednesday as ridership numbers disappointed Wall Street.The ride-sharing company reported 29.2 million active riders for the quarter, falling short of 29.5 million expected by analysts. Rides totaled 243.5 million for the period, missing estimates…
Aussie dollar hits 3-yr high on hawkish comments from RBA deputy gov Source link
The global transition to low-carbon energy is accelerating. But contradictory economic and geopolitical forces are at play. A recent report found that in the next decade, global temperatures will likely exceed the Paris Agreement target of a 1.5°C rise. Meanwhile, the United States, Europe, and Canada are walking back climate-friendly measures, just as China emerges as a clean-tech manufacturing powerhouse. Energy-intensive data centers contribute to ever-increasing demand (up 2.2% year-on-year in 2024), which ramps up energy security concerns. The urge for energy resilience is prompting some territories to go it alone in pursuit of energy sovereignty. As a recent PwC…
Asia FX firms as dollar weakens ahead of payrolls; yuan steady after soft CPI Source link
Yen perky as Japan fiscal fears dissipate, dollar shaky ahead of payrolls Source link
Dollar may fall 10% this year if Fed cuts more than expected, says strategist Source link
Economic data to drive U.S. dollar moves – BofA Securities Source link
AI search startup Perplexity has unveiled a new feature called Model Councils, aimed at improving the quality, balance, and reliability of AI-generated answers by aggregating responses from multiple leading artificial intelligence models. The launch reflects a growing industry push toward transparency and multi-model collaboration as AI tools become more deeply embedded in everyday decision-making. Model Councils allows users to receive a single synthesized response generated from several AI systems rather than relying on one underlying model. Instead of presenting one perspective, the feature compares, evaluates, and blends outputs from different large language models, offering users a more nuanced and comprehensive…
Pinterest has dismissed several employees following the misuse of an internal tool that was designed to track layoffs, highlighting growing tensions around transparency, data access, and workplace trust in the tech sector. The issue came to light after reports that staff members accessed or shared information from an internal system intended for managerial and human resources use only. The tool, according to people familiar with the matter, was used to monitor workforce changes during a period of restructuring. Its use by unauthorized employees prompted an internal investigation, ultimately leading to terminations. In a statement addressing the situation, Bill Ready, CEO…