theage60d ago
The tech jobs bust is real. Don’t blame AI (yet)
Worries about a tech-jobs AI-mageddon spread far beyond Silicon Valley. But what’s really behind the lay-off in the technology sector?
#ECONOMY
Financial News
enca60d ago
Higher fuel prices threaten inflation outlook
Higher fuel prices threaten inflation outlook Nokuthula Khanyile Tue, 04/14/2026 - 10:00 JOHANNESBURG - Prospects for interest rate cuts in South Africa are dimming. The global oil price remains high due to tensions in the Middle East, increasing inflation risks. The South African Reserve Bank left the repo rate unchanged at 6.75 percent in March, despite inflation hitting its 3 percent target. READ | US stocks finish higher amid hopes for US-Iran deal as oil price gains moderate Petrol rose by R3 a litre this month and diesel by around R7, despite government fuel-levy relief. Mid-month data from the Central Energy Fund shows under-recoveries of roughly R3 for petrol and R10 for diesel, pointing to further increases. With the inflation risks of higher transport and food costs the Reserve Bank is unlikely to cut rates.
#ECONOMY
prnewswire_co_uk60d ago
Organisations in the US, UK and Germany unprepared for large-scale digital disruption, new study finds
Just one in four organisations respond effectively to real disruption events as governance and ecosystem lag behind compounding risks LONDON, April 14, 2026 /PRNewswire/ -- A new Economist Impact study supported by Telstra International has found that organisations in the United States,...
#ECONOMY
dailygazette60d ago
Editorial: The good news about economic mobility in America
If you read the headlines, it’s easy to be discouraged about the American economy. If you follow the trend lines, it’s difficult not to be more optimistic. On Friday, the Bureau of Labor Statistics reported that the Consumer Price Index...
#ECONOMY
freepressjournal60d ago
BSE, NSE Tighten Surveillance On 19 Stocks, Circuit Limits Cut From April 15 To Control High Volatility & Speculative Trading
BSE and NSE have reduced circuit limits on 19 volatile stocks from April 15, 2026, to control sharp price movements. The move aims to curb speculation and improve market stability. Investors are also alerted about possible T2T shifts, which can impact liquidity and trading strategies significantly.
#STOCKS
brecorder60d ago
South African rand firms as weaker dollar and softer oil ease pressure
JOHANNESBURG: The South African rand edged up in early Tuesday trade on a weaker dollar as oil prices dipped back below $100 a barrel and on signs of potential US-Iran dialogue, easing concerns about supply risks after the US military began blocking shipping traffic in and out of Iran’s ports. At 0656 GMT the rand traded at 16.3625 against the dollar , about 0.4% up from its previous close. Oil prices fell below $100 a barrel as signs of potential US-Iran dialogue to end their war eased concerns about supply risks after the US military began blocking shipping traffic in and out of Iran’s ports. Reuters reported that negotiations between Washington and Tehran were still ongoing, while US Vice President JD Vance said in an interview that the US expected Iran to make progress in opening the Strait of Hormuz. Gold, South Africa’s key export, rebounded on Tuesday from a near one-week low hit the day before. The US dollar was flat against a basket of currencies and hovered near its lowest level in more than a month, making gold denominated in the greenback more affordable for holders of other currencies. South Africa’s benchmark 2035 government bond also firmed in early deals, as the yield fell 1.2 basis points to 8.425%.
#COMMODITIES
emirates24760d ago
Why Dubai is the only place where crypto makes sense
Dubai: For the average investor, the word ‘crypto’ triggers a messy mix of curiosity and skepticism. To the ‘crypto bros’, it’s daily bread; to everyone else, it feels like following a mystery trail that never quite ends. At its core, blockchain — the tech behind the coins — is transparent. But understanding how it works is a different story. This is where regulation comes in. While most countries are still trying to figure out crypto regulations, the UAE, and Dubai in particular, stepped in years ago to build a system that protects investors without stifling the people building the tech. Stopping the 'wireless telegram' approach Imagine trying to explain a smartphone to someone in 1950 by calling it a ‘wireless telegram’. It sounds ridiculous, right? Yet, that is exactly what most countries are doing with crypto: Trying to use 70-year-old financial laws to regulate modern code. Dubai did the opposite. They looked at crypto and created VARA, the world’s first regulator dedicated exclusively to virtual assets. Because they aren’t distracted by traditional banking or insurance, they actually understand how blockchain mechanics function. In Dubai, you don’t wake up to a surprise lawsuit from a confused regulator; you wake up to a clear, logical rulebook. Dubai's strict rules Dubai has strict rules to protect the ‘average Joe’, such as capping retail leverage at 5x and legally requiring companies to keep your money separate from their operating costs. Because these rules are crystal clear, ‘serious’ money — like big institutional investors — finally feels safe enough to enter the room. It’s the perfect middle ground: Safe enough for your grandmother’s savings, but fast enough for a tech founder’s ambitions. Stability in a volatile world Crypto is volatile enough on its own. The last thing a founder needs is a government that flips its mood every election cycle. The UAE offers something incredibly rare in the modern world: Continuity. The currency is pegged to the dollar, ensuring no wild local swings. The government operates on a 50-year vision rather than a frantic four-year election cycle. They’ve also put in the hard yards to meet global anti-money laundering standards, proving they are a legitimate player on the world stage. When you move your company or your life to Dubai, you aren't just betting on Bitcoin: You’re betting on a place that stays steady while the rest of the world dilly-dallies. Walking the talk Most politicians talk about blockchain as if it’s magic beans. In Dubai, the government is actually the technology’s biggest customer. From real-world real estate deeds to paperless government offices, they are putting their own data on-chain. When the people writing the laws are also using the technology to run their city, they tend to write much better laws. It’s not just ‘pro-crypto’ PR; it’s a total lifestyle choice for the country. UAE has figured out the secret The UAE has figured out the secret: Capital goes where it’s welcome, but it stays where it’s protected. By treating crypto as a legitimate industry, Dubai has become the global HQ for anyone tired of the drama. It’s not just about the 0% personal tax; it’s about the peace of mind that comes from knowing the rules today will still be the rules tomorrow. In the high-stakes world of crypto, that is the safest bet you can make.
#CRYPTO
americanbankingnews60d ago
Assetmark Inc. Sells 59,689 Shares of United Airlines Holdings Inc $UAL
Assetmark Inc. decreased its holdings in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 3.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,594,916 shares of the transportation company’s stock after selling 59,689 shares during the quarter. Assetmark Inc.’s holdings in United Airlines were worth $178,344,000 as of its most recent [...]
#STOCKS
americanbankingnews60d ago
Assetmark Inc. Reduces Holdings in Vanguard FTSE Developed Markets ETF $VEA
Assetmark Inc. trimmed its stake in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA – Free Report) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 5,268,081 shares of the company’s stock after selling 161,399 shares during the quarter. Assetmark Inc.’s holdings in Vanguard FTSE Developed Markets ETF were worth $329,097,000 at the end of [...]
#STOCKS
americanbankingnews60d ago
Assetmark Inc. Reduces Stake in Vanguard Total Stock Market ETF $VTI
Assetmark Inc. trimmed its stake in Vanguard Total Stock Market ETF (NYSEARCA:VTI – Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,020,316 shares of the company’s stock after selling 9,171 shares during the quarter. Assetmark [...]
#STOCKS
americanbankingnews60d ago
Armbruster Capital Management Inc. Sells 2,913 Shares of iShares Core S&P 500 ETF $IVV
Armbruster Capital Management Inc. trimmed its stake in shares of iShares Core S&P 500 ETF (NYSEARCA:IVV – Free Report) by 30.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,635 shares of the company’s stock after selling 2,913 shares during the quarter. iShares Core S&P 500 ETF makes up approximately 0.8% of Armbruster [...]
#STOCKS
americanbankingnews60d ago
Assetmark Inc. Raises Position in AT&T Inc. $T
Assetmark Inc. increased its holdings in AT&T Inc. (NYSE:T – Free Report) by 0.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,921,526 shares of the technology company’s stock after acquiring an additional 46,649 shares during the quarter. Assetmark Inc.’s holdings in AT&T were worth $271,291,000 at the end of the most recent [...]
#STOCKS