LONDON (Reuters) – Goldman Sachs (NYSE:) revised its Turkish lira forecast in the wake of President Tayyip Erdogan’t cabinet revamp, saying it now expected the currency to weaken to 28 to the dollar in 12 months compared with a previous prediction of 22. Erdogan signalled on Saturday his newly-elected government…

By Hannah Lang, Jonathan Stempel and Tom Wilson WASHINGTON (Reuters) – U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a “web of deception,” piling further pressure on the world’s biggest cryptocurrency exchange and sending bitcoin to its lowest in almost three months. The Securities…

The U.S. banking system is strong and reliable. The industry is well regulated, and one of the results of the FDIC insurance program is that retail depositors should never have to wonder about the financial strength of their chosen bank. The FDIC insurance limit is currently $250,000 per covered account.…

The paramountcy of the SWIFT interbank messaging network to cross-border payments can be measured in many ways, and SWIFT itself likes to do so with its data on transaction numbers and amounts. For instance, as of December 2022, Swift had recorded an average of 44.8 million FIN messages (payments and…

No doubt, the big news on the individual stock front of late has been the euphoria surrounding just about any company having anything to do with artificial intelligence (AI), following the recent release of a much-better-than-expected quarterly earnings report and extraordinarily bullish outlook from graphics chip titan Nvidia. “The computer…

F5 stock (NASDAQ NDAQ : FFIV) currently trades at $146 per share, around 9% above its level in November 2022, and it seems like it has little room for gains. F5 FFIV saw its stock trading at around $153 in June 2022, just before the Fed started increasing rates, and…

The House of Representatives has passed the debt ceiling compromise bill negotiated by President Joe Biden and House Speaker Kevin McCarthy (R-CA). The bill passed with a comfortable bipartisan majority, and now heads to the Senate. Biden is expected to sign the measure by Monday. The legislation will have a…

The May 2023 jobs report may give the Federal Reserve another reason to pause on interest rate hikes and another reason new graduates should not burst into the interview room asking for a big raise and remote work. Workers may have a harder time getting the pay and perks they…

House Speaker Kevin McCarthy (R-CA) and President Joe Biden reached an agreement over the weekend to limit spending for a small fraction of the federal government for a couple of years. But it would not come close to materially reducing annual deficits or slowing the growth of the national debt,…

At a time when a few NASDAQ NDAQ -100 growth stocks are soaring upward based on “AI” involvement, here are 4 stocks that look to be cheap — judging by the classic value stock approach to identifying these types of situations. Each of these trades below its book value with…