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JPMorgan Chase: It is expected that the Bank of England will cut interest rates by 25 basis points in February and May 2026 respectively (the previous forecast time for the rate cut was November 2025 and February 2026).The yield on Britain’s 30-year government bond rose to its highest level since September 15 at 5.502%, up 7 basis points on the day.On September 18th, Michael Pfister of Commerzbank predicted in a report that the Canadian dollar will only gradually appreciate against a weakening US dollar and depreciate against the euro due to the impact of US tariffs on Canadas real economy. He noted that the Bank of Canada is likely to cut interest rates further after cutting them by 25 basis points on Wednesday to support the economy. Pfister believes that the Canadian dollar is likely to remain under pressure until uncertainties related to US-Canada trade are resolved. Commerzbank predicts that the USD/CAD exchange rate will fall from the current 1.3782 to 1.3700 by December. The bank explained that this forecast is based on the "unstable" political situation in the United States, the possibility of significant interest rate cuts, and risks to the Federal Reserves independence, all of which will weigh on the US dollar.Amazon (AMZN.O): Merchants can use Amazons logistics network to process, pack and ship Walmart orders, with new capabilities for Shopify (SHOP.N) and Xiyin to be added by the end of the year.On September 18th, despite lower-than-expected inflation in South Africa, which brought policymakers closer to their current 3% inflation target, the South African Reserve Bank (SARB) decided to keep borrowing costs unchanged. SARB Governor Lesetja Kganyago said Thursday that the Monetary Policy Committee (MPC) had maintained the benchmark interest rate at 7%, the lowest level since November 2022. This decision was in line with the median forecast of a survey of 23 economists, 15 of whom had predicted the central bank would keep interest rates unchanged.

Meta Offers Instagram Content Creators New Revenue Resources

Aria Thomas

Nov 03, 2022 14:54

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In an effort to assist content creators monetize their social media presence, Meta Platforms announced on Wednesday that it will provide a number of new services to Instagram, including a system for trading digital artifacts.


Users will soon be able to support artists by purchasing their non-fungible tokens (NFTs) from within Instagram, according to the company.


The new skills will be tested with a small group of artists in the United States, the company said, adding that it intends to expand to additional countries in the near future.


Meta has added additional monetization options to its social media applications to compete with TikTok and others for talent at a time when influencers are driving advertising revenue to these platforms.


In line with this endeavor, Meta stated that it was expanding access to Instagram subscriptions to all qualified artists in the United States in an effort to assist them in generating a more stable income through the photo-sharing app.


It is also offering gifts on Instagram, beginning with Reels, so that artists have a new way to monetize their following.


In addition, the company is launching a professional mode for Facebook (NASDAQ:META) accounts, which would allow artists to have a public presence while maintaining their personal Facebook profile.

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