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February 19th - According to a Reuters survey, most economists predict the Bank of Japan (BOJ) may raise its key interest rate to 1% by the end of June. Some economists expect the central bank to act as early as April due to heightened concerns about rising inflation and a weak yen. In the survey conducted from February 10th to 18th, all 76 economists said the BOJ would keep interest rates unchanged at its March meeting. However, 58% of them expect the policy rate to reach 1% by the end of June, an increase from slightly over one-third in January. Of the 44 economists who specifically indicated the month of the next rate hike, 36% chose June, 20% chose April, and 34% chose July. Kento Minami, senior economist at Daiwa Securities, said the BOJ will continue to push for further rate hikes at a relatively rapid pace, taking into account the upside risks to inflation from expansionary fiscal policy and the impact of yen depreciation. Meanwhile, to curb further yen depreciation, two-thirds of the 29 respondents said they expect the authorities to intervene in the foreign exchange market again. Of these, 40% believed that the 160 mark was the most likely point to trigger intervention.On February 19th, Nvidia CEO Jensen Huang, in a media interview, teased the upcoming GTC 2026 conference, explicitly stating that a brand-new chip "unprecedented in the world" would be unveiled at the event. Currently, the specific model of the new product has not been disclosed, but it is widely speculated that it will likely come from two major chip series: one is a derivative of the Rubin series; the other is the next-generation Feynman series chip, which is described as a "revolutionary" product.New York silver futures rose above $78 per ounce, up 0.52% on the day.According to a Reuters poll, 58% of economists expect the Bank of Japan to raise its key interest rate to 1% by the end of June, compared to 36% in the January survey.According to a Reuters poll, all 76 economists expect the Bank of Japan to keep its key interest rate unchanged until March.

Meta Will Begin Exploring Revenue-Generating Solutions for its Metaverse

Aria Thomas

Apr 12, 2022 09:52

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These privileged users will be able to sell their accessories or charge for access to specific digital areas they have created using a single tool, the firm claimed.


Additionally, the social media giant is piloting a "creator bonus" program for a select group of Horizon Worlds users in the United States, in which it would compensate members each month for using new features launched by the firm.


"We want there to be a ton of wonderful worlds, and in order for that to happen, there has to be a lot more creators who can sustain themselves and make this their profession," CEO Mark Zuckerberg stated during an avatar-based dialogue with early adopters.


The parent corporation of Facebook (NASDAQ:FB), Meta, has made significant investments in virtual and augmented reality to represent its new bet on the metaverse, a future concept of a network of virtual spaces accessible through various devices where people may work, socialize, and play.


The corporation is up against emerging virtual world players that allow for the purchase and sale of land, buildings, avatars, and even names in the form of non-fungible tokens, or blockchain-based virtual assets. Last year, the market for these assets boomed, with sales reaching into the hundreds of thousands of dollars.


Horizon Worlds, a sprawling virtual reality social network, and Horizon Venues, a virtual event platform, are early incarnations of metaverse-like places developed by Meta.

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