Category: News
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Brent crude lowest since June; Citi sees $60/bbl in 2025 without deeper OPEC cuts
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SlavkoSereda/iStock via Getty Images Crude oil futures extended sharp losses from the previous session, with benchmark U.S. crude falling below $70 a barrel for the first time this year, giving up early gains after delegates’ comments that OPEC+ was thinking about delay In plans to start easing production cuts. Instead,…
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Here’s why Nvidia’s aggressive sales tactics are in the DOJ’s crosshairs
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Nvidia, a favorite of artificial intelligence investors, has been on the edge of a cliff in recent weeks. Concerns about its lofty valuation, fresh pressure from antitrust regulators, the sustainability of the AI boom and the impact of a slowing U.S. economy have unnerved even some of the chipmaker’s staunchest…
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Your rights in forced land acquisition by State for public plans
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Kenyan law allows public bodies to compulsorily purchase private land for public purposes including roads, airports, schools and public utilities such as electricity and water. Although the ability to compulsorily purchase land for basic infrastructure is undoubtedly a crucial development tool for the state, this ability is not absolute. It…
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Non-dom tax reforms could cost labour £1bn, warns Oxford Economics
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Labour’s plan to reform the tax system on foreigners could cost the UK government up to £1bn as wealthy individuals flee the country, a report by Oxford Economics has warned. The proposed reforms, which will come into effect from April 2025, aim to replace the current system that allows non-residents…
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Ilya Sutskever raises $1b for AI co SSI – report
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Safe Superintelligence (SSI), a new startup from OpenAI founder and former chief scientist Ilya Sutskever, has raised $1 billion to develop safe artificial general intelligence systems, company executives told Reuters. Sutskever said in June that SSI would open offices in the United States and Israel, but he has not disclosed…
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Occidental stock hits 52-week low at $55.04 amid market shifts By Investing.com
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Occidental Petroleum Corporation (NYSE:) shares touched a 52-week low, falling to $55.04, as investors navigate the complex energy market landscape. The drop represents a significant turnaround from the company’s performance over the past year, when Occidental’s stock saw a one-year change of -16.71%. The decline reflects broader industry trends and…
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Stocks claw back after tough September start
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Gasoline prices have been trending lower as oil prices have fallen and gasoline futures (RB=F) are nearing three-year lows. The average price of gasoline at the pump on Wednesday hit a six-month low of $3.32 a gallon, about $0.49 less than exactly a year ago, according to AAA data. “Coinciding…
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Amazon-backed Anthropic unveils Claude Enterprise (AMZN)
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Robert Way Anthropic, the generative AI company backed by Amazon (NASDAQ:AMZN) and several other tech companies announced Wednesday that they are launching a version of Claude aimed at large enterprises. The Cloud Enterprise plan offers an expanded contextual window of 500KB, and more. “Usability, native integration with GitHub so you…
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Why more Kenyan horticulture exporters are shifting to sea freight
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Kenyan horticultural exporters are increasingly having to transport their produce by sea rather than air, as consumers and retailers in the EU market increasingly seek products with lower carbon emissions. Stakeholders in Kenya’s horticulture sector now say the growing number of environmentally conscious consumers in Europe, coupled with competition from…
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Streaming Media Company Plex Now Offers Canadian Viewers Premium Movie Rentals Starting at $4.99
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on September 4, 2024 •…
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Israel’s average monthly wage still rising
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According to the Central Bureau of Statistics report, the average wage in Israel was NIS 13,683 in July 2024, an increase of 6.7% over July 2023. In July 2024, the average wage in Israel was NIS 13,683, up 6.7% from July 2023, according to the Central Bureau of Statistics. The…
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US is building allies network to counter China’s threat, top diplomat to Taiwan says By Reuters
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Written by Yimou Li and Fabian Hamacher TAIPEI (Reuters) – The United States is building a network of alliances in the Indo-Pacific region to counter China’s threats there, the top U.S. diplomat in Taiwan said on Wednesday, adding that the island was not Beijing’s only target in its bid to…
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Billionaires Are Selling Them and Scooping Up Shares of 2 Artificial Intelligence (AI) Stock-Split Stocks Instead
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Since the advent of the Internet in the mid-1990s, investors have always found a new innovation, technology, or trend that catches their attention. However, no market has emerged more targetable since the advent of the Internet than the current surge in stock prices. artificial intelligence. What makes AI so special…
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EABL to spend Sh426m on full buyout of Ugandan subsidiary
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Listed brewer EABL is set to spend Sh426 million to buy out minority shareholders in its subsidiary Uganda Breweries Limited (UBL) through a takeover bid that opened on Tuesday. EABL, which owns a 98.19 percent stake in the Ugandan beer company, said in a filing on Tuesday it would seek…
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Business confidence wanes amid fears of energy tax hikes
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The UK Offshore Energy Authority has warned that a windfall tax increase on UK oil and gas companies could undermine the government’s goal of boosting economic growth. The group warned that the planned tax increase could depress investment, costing the UK economy £13bn between 2025 and 2029 and putting 35,000…
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Menora Mivtachim renews pursuit of Isracard
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Israeli insurance and finance company Menora Mivtachim Holdings Ltd. (level: Paved) renewed its efforts to buy a controlling stake in the credit card company. Isracard (TASE: ISCD). Last Thursday, Menora Mivtachim wrote a letter to Isracard Chairman Tamar Yasur and CEO Ran Oz offering to begin negotiations to invest in…
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Russia launches air attacks on Kyiv, western city of Lviv, Ukraine says By Reuters
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Written by Gleb Garanich and Andrey Peron KYIV/LVIV (Reuters) – Russia fired missiles and drones at Kyiv and the western Ukrainian city of Lviv, not far from the border with NATO member Poland, the Ukrainian military said on Wednesday. This comes just one day after Russia struck a military institute…
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Stocks Tumble Most Since August Rout, Oil Slips: Markets Wrap
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(Bloomberg) — Asian stocks fell the most since Aug. 5, tracking a selloff in their U.S. counterparts driven by a sharp drop in Nvidia Corp. Most Read from Bloomberg Shares of Asian chipmakers fell amid renewed concerns about the AI craze, dragging the regional stock index down more than 2%.…
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Arcadium Lithium limps to new lows; UBS starts at Neutral on continued weak pricing
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MF3d/iStock via Getty Images Arcadium lithium (New York Stock Exchange: Altm) closed -9.6% In Tuesday trading, one of several alternative energy stocks hit a 52-week low, as a wave of bearish sentiment swept the energy sector into broad losses. Vistra (VST) and Constellation Energy (CEG)) included two of the day’s…