Category: North America

myfisensemyfisenseSeptember 10, 2021

Bank of Mexico Governor Alejandro Diaz de Leon’s comments suggests Mexico will not be following El Salvador any time soon in adopting the digital currency as parallel legal tender. Bitcoin is more like a means of barter than “evolved” fiat money, Mexico’s central bank chief said on Thursday, calling it a high-risk investment and a […]

myfisensemyfisenseSeptember 9, 2021

(Reuters) – Blockchain firm Blockstream Mining said on Thursday it would partner with Australian financial conglomerate Macquarie Group to develop bitcoin mining facilities that use renewable energy. Bitcoin is the world’s biggest cryptocurrency and is “mined” using vast amounts of electricity generated with fossil fuels, leading to criticism over the environmental harm from mining. But […]

myfisensemyfisenseSeptember 2, 2021

BERLIN (Reuters) -German luxury carmaker Daimler (OTC:DDAIF) expects significantly lower sales at its Mercedes unit in the third quarter compared to the previous one due to a global shortage in semiconductors, its chief executive told Automobilwoche weekly. “With the plant closings at semiconductor suppliers in Malaysia and elsewhere, the challenge has now become even greater, […]

myfisensemyfisenseSeptember 1, 2021

 (Reuters) – Walmart Inc (WMT.N) said on Wednesday it planned to hire 20,000 workers at its supply chain division and raise wages ahead of the busy holiday season anticipating higher demand. The roles, which will be a mix of part time and full time jobs, would be hired at across more than 250 Walmart and Sam’s Club […]

myfisensemyfisenseAugust 31, 2021

(Bloomberg) — As if the pandemic wasn’t warping global markets enough, China’s regulatory crackdown is suddenly adding new unpredictability. So how best to invest in these strange times? Bloomberg News spoke with institutional investors with $3 trillion in combined assets under management to ask how they’re navigating economic turmoil caused by unpredictable recoveries and China’s […]

myfisensemyfisenseAugust 30, 2021

(Bloomberg) — Wheat rose as investors focused on Hurricane Ida for any signs of disruption to U.S. exports while weighing a broader advance in risk assets following dovish comments from the Federal Reserve. Hurricane Ida barreled into the Louisiana coast on Sunday, imperiling U.S. energy supplies as well as key transport routes for soybeans and […]

myfisensemyfisenseAugust 27, 2021

By Karen Brettell NEW YORK, Aug 27 (Reuters) – U.S. Treasury yields dipped on Friday before Federal Reserve Chair Jerome Powell is due to speak, with investors focused on whether he will give any fresh clues on when the U.S. central bank is likely to begin tapering bond purchases. Hawkish Fed officials including St. Louis […]

myfisensemyfisenseAugust 26, 2021

Porsche Cars North America has added its entire U.S. inventory of new cars to its online marketplace as the company seeks to keep up with customer demands and the industry’s shift to digital commerce. When the online marketplace Porsche Finder launched in May 2020, customers were only able to search for pre-owned and certified pre-owned […]

myfisensemyfisenseAugust 26, 2021

Microsoft (MSFT) announced on Wednesday that it will invest $20 billion over the next 5 years in cybersecurity, four times its previous investments of $1 billion per year to protect its services. The tech giant operates some of the world’s most used software, making it a prime target for cyberattacks. After all, cybercriminals and nation-states […]

myfisensemyfisenseAugust 24, 2021

SINGAPORE, Aug 24 (Reuters) – U.S. Vice President Kamala Harris met company executives in Singapore on Tuesday to discuss supply shortages of essential items that have plagued the Biden administration and contributed to inflation. The United States faced serious challenges in obtaining medical equipment during the COVID-19 epidemic and now faces severe bottlenecks in a […]

FI Sense