Category: News
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Stock Rotation Is Back on Bets Fed Will ‘Go Big’: Markets Wrap
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(Bloomberg) — Wall Street traders renewed expectations for a half-percentage-point interest-rate cut by the Federal Reserve next week, spurring trading in stocks that would benefit most from policy easing. Most Read from Bloomberg Economically sensitive stocks outperformed the tech giants that led the bull market rally, with the Russell 2000…
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I’m a founder—and Paul Graham’s ‘founder mode’ is missing a key to growth
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I’ve worked with two coaches over the past six years, and they’ve helped me examine my own tendencies as a leader. There are many ways I think you could describe me as a “typical” founder: driven, detail-oriented, and uncomfortable with rules, processes, and hierarchy. Thus, when Paul Graham published his…
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Pay-TV subscription growth slows for the second consecutive year
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Pay-TV subscriptions in Kenya grew at a slower pace of 2.4 percent to 6.4 million in the year to March 2024, due to tough economic conditions and the spread of streaming services on improved internet connectivity, new data from the Communications Authority of Kenya shows. This marked the second straight…
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Grangemouth oil refinery to close in 2024, risking 400 jobs and increasing UK fuel imports
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Scotland’s last oil refinery at Grangemouth is due to close between April and June next year, costing 400 jobs and leaving the UK with just a handful of refineries. The closure, announced by Petronews – a joint venture between Sir Jim Ratcliffe’s Ineos and PetroChina – comes as domestic demand…
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Grangemouth oil refinery to close in 2024, risking 400 jobs and increasing UK fuel imports
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Scotland’s last oil refinery at Grangemouth is due to close between April and June next year, costing 400 jobs and leaving the UK with just a handful of refineries. The closure, announced by Petronews – a joint venture between Sir Jim Ratcliffe’s Ineos and PetroChina – comes as domestic demand…
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Foreign residents gradually returning to Israel’s housing market
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Some 28,000 Jews have immigrated to Israel since the start of the war, according to figures from the Ministry of Aliya and Integration. Estimates are that a few more thousand will arrive by the end of 2024, meaning there is a significant decrease from the 46,600 immigrants in 2023. Alongside…
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CLSA bullish on NuScale stock as nuclear tech gains traction By Investing.com
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CLSA on Friday initiated coverage of shares of NuScale Power Corporation (NYSE:SMR), a leading developer of advanced nuclear reactors, with an Outperform rating and a price target of $11.00. The company noted that while NuScale is expected to operate at a loss for several years, the company’s prospects are supported…
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This Beaten-Down Ultra-High-Yield Dividend Stock Is Finally Putting Its Biggest Problem in the Past. Is it Time to Buy?
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Medical Property Fund (NYSE: MPW) He fought a battle. A shower of The facility has had a number of problems over the past two years. The biggest problem has been the financial problems of its largest tenant, Steward Healthcare. bankrupt hospital owner He had trouble paying the rent, It is…
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This Beaten-Down Ultra-High-Yield Dividend Stock Is Finally Putting Its Biggest Problem in the Past. Is it Time to Buy?
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Medical Property Fund (NYSE: MPW) He fought a battle. A shower of The facility has had a number of problems over the past two years. The biggest problem has been the financial problems of its largest tenant, Steward Healthcare. bankrupt hospital owner He had trouble paying the rent, It is…
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Home prices almost never fall
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There are three certainties in life: death, taxes, and ever-rising home prices. The latter is less certain, of course, because there have been moments in American history when prices have fallen, but they are rare. So much so that you can only pinpoint two recent eras when home prices have…
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IRA warn banks selling non-existent insurance
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Banks that run insurance businesses will have to pay all outstanding insurance premiums before getting new bancassurance licenses amid suspicions that they are holding cash from customers, which could render policies invalid. The Insurance Regulatory Authority has written to all bancassurance intermediaries – banks and microfinance banks that sell insurance…
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Christmas food supplies at risk as new eu border rules threaten chaos, logistics leaders warn
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Christmas food deliveries in the UK are at risk as new EU border checks could disrupt the flow of fresh goods, the UK’s logistics body has warned. The trade group is sounding the alarm over the EU’s upcoming Entry and Exit System (EES), due to launch on November 10, which…
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Court penalizes taxi driver who cheated tourists
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Yesterday, the Central Traffic Court sentenced taxi driver Eyal Siman Tov, who was convicted of charging exorbitant fares to passengers, including tourists. In one case exposed by Globes in February 2022, a Greek tourist paid NIS 700 for a ride from Ben Gurion Airport to Rehovot, a distance of about…
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Strong case for 50 bp Fed cut, says former NY Fed chief Dudley By Reuters
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SINGAPORE (Reuters) – There is a strong case for a 50 basis point cut in U.S. interest rates, former New York Federal Reserve President Bill Dudley said. “I think there is a strong case for the 50, whether they do it or not,” he said at the Bretton Woods Committee’s…
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Warren Buffett’s $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low
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Occidental Petroleum shares have fallen 29% since mid-April, weighing on Warren Buffett’s stake in the company. This decline is in line with a 23% drop in crude oil prices due to concerns about demand and excess supply. Berkshire Hathaway’s $13 billion stake in Occidental Petroleum may be underwater, according to…
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Over 40% of U.S. Gulf of Mexico oil output shut-in by Francine but little damage seen
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SlavkoSereda/iStock via Getty Images Crude oil prices rose for a second straight session on Thursday as Hurricane Francine forced several offshore wells to shut in production, but gains were capped by lingering concerns about the outlook for crude demand. More than 730 thousand barrels per day, or 42% of Crude…
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NYC bills propose sign marking Wall Street as first slave market, along with reparations study
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New York City lawmakers on Thursday approved a bill to study the city’s significant role in slavery and consider providing reparations to descendants of enslaved people. If the package of bills passed by the City Council is signed into law, it would follow in the footsteps of many other municipalities…
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Reproductive health rights – Business Daily
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The US presidential election campaign is currently in full swing, with Vice President Kamala Harris and former President Donald Trump competing for the position of the 47th President of the United States. Among the many hot-button issues that have come to define the election, including the economy, immigration, and the…
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Global SMEs show resilience and optimism as Alibaba.com sees near 70% rise in super September orders
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Global small and medium-sized businesses (SMBs) are increasingly optimistic about their future prospects, according to the new Global SMB Confidence Index from Alibaba.com, the leading B2B e-commerce platform. The study, conducted with SME decision-makers in France, Germany, the UK and the US, highlights a strong sense of resilience as SMEs…