Category: News
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Israel Post Q2 profit down as war depresses business
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The Israel Postal Company’s financial statements for the second quarter show a rise in revenues, but a sharp decline in net profit. These are probably the last financial statements published by the Israel Postal Company, which continues to operate under the authority of state companies, as its privatization and sale…
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Needham lowers Pure Storage stock PT, expects pressure from elongated sales cycles By Investing.com
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On Thursday, Needham Financial Services revised its financial outlook for Pure Storage (NYSE: ), lowering its price target to $62 from $80 previously while maintaining a buy rating on the stock. The revision comes on the heels of Pure Storage’s Q2 FY25 performance, which despite beating expectations, led to expectations…
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Why Nvidia Stock Is Falling Today
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Nvidia (NASDAQ: NVDA) The stock fell Thursday after the company released its second-quarter earnings results. The artificial intelligence leader’s stock was down 3.2% as of 10:15 a.m. ET, according to data from S&P Global Market Intelligence. Nvidia Corp. reported second-quarter results after the market closed yesterday, and they came in…
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Philippines seeks missiles, 40 fighter jets to upgrade military (NYSE:LMT)
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Paul Gould The Philippines is looking to modernize its military with missiles and 40 fighter jets in its latest spending plan amid rising geopolitical tensions in its region, according to several news reports. The country wants to spend at least $33 billion to modernize its military. Defenses. Prospective bidders are…
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Philippines seeks missiles, 40 fighter jets to upgrade military (NYSE:LMT)
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Paul Gould The Philippines is looking to modernize its military with missiles and 40 fighter jets in its latest spending plan amid rising geopolitical tensions in its region, according to several news reports. The country wants to spend at least $33 billion to modernize its military. Defenses. Prospective bidders are…
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Met announces onset of short rains season
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The Kenya Meteorological Department has warned of short rains expected in various parts of the country from October to December. Speaking to reporters in Nakuru on Wednesday, the Director of the Meteorological Department, David Gikongo, said the western part of the country extending to the central parts of the Rift…
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Scrap 5p fuel duty cut as drivers miss out on savings, says RAC
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A royal advisory committee has called for the 5p fuel tax cut to be scrapped, claiming motorists are not benefiting as intended. Introduced in 2022 to ease the cost of living crisis, the cut is costing the Treasury £2bn a year but has failed to translate into savings at the…
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Forexlive European FX news wrap 29 Aug – Euro moves lower on soft German inflation figures
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Gasoline prices in Israel to fall Saturday night
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The Israeli Ministry of Energy and Infrastructure announced that the maximum price of government-controlled 95-octane gasoline at self-service stations in Israel will be reduced as of midnight on Saturday, September 1, by NIS 0.19 per liter to NIS 7.29 per liter. The Israeli Ministry of Energy and Infrastructure announced that…
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Thailand jails for life son of Spanish actor Rodolfo Sancho over grisly murder By Reuters
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Written by Somkiat Raxaman and Panarat Thepjompanat SAMUI ISLAND, Thailand (Reuters) – A Thai court on Thursday sentenced the son of Spanish actor Rodolfo Sancho to life in prison for the murder and dismemberment of a Colombian man last year on the popular tourist island of Koh Phangan. Daniel Sancho…
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Thailand jails for life son of Spanish actor Rodolfo Sancho over grisly murder By Reuters
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Written by Somkiat Raxaman and Panarat Thepjompanat SAMUI ISLAND, Thailand (Reuters) – A Thai court on Thursday sentenced the son of Spanish actor Rodolfo Sancho to life in prison for the murder and dismemberment of a Colombian man last year on the popular tourist island of Koh Phangan. Daniel Sancho…
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Stocks Retreat as Nvidia Outlook Saps AI Trade
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(Bloomberg) — European stocks rose slightly and U.S. stock futures erased declines as investors assessed Nvidia Corp.’s results ahead of key economic data due this week. Most Read from Bloomberg The Stoxx Europe 600 index rose 0.3%, led by technology stocks. Nasdaq 100 futures were down 0.1% after the index…
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Senator Rick Scott questions Intel CEO on job cut despite $20B grants – report
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hapapapa Republican Senator Rick Scott asked Intel (NASDAQ:INTCApple Inc. plans to cut more than 15,000 jobs despite a planned $20 billion in federal funding, Reuters reported, citing a letter to Gelsinger. The funding from the U.S. Department of Commerce aims to boost the semiconductor manufacturing sector. He expressed concerns about…
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Gen Z protests slow KRA collections to a decade low
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Tax collections in July posted their slowest growth in more than a decade, excluding the Covid-19 pandemic, reflecting the effects of business disruptions in the wake of deadly Gen Z protests as the Treasury Department increased its reliance on costly overdrafts. Data released by Treasury Secretary John Mbadi showed that…
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Why I Am Backing Kamala Harris in the US Presidential Election
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Let me put it bluntly: I support Kamala Harris for President of the United States. Yes, you read that right. While the current political circus across the pond often feels like a far-from-real Netflix drama that’s both compelling and crazy, there’s something about Harris that makes you stop scrolling, sit…
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Rio de Janeiro police seize on a new target: Hard-to-grasp stuffed animals
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press David Beller Published on August 28, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content RIO DE JANEIRO (AP) — Rio de Janeiro,…
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Bank of Israel keeps rate unchanged, sees inflation rising
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The Monetary Committee of the Bank of Israel announced that it left the interest rate unchanged at 4.5%, as expected. This is the fifth time in a row that the Bank of Israel has kept the interest rate unchanged, after cutting it from 4.75% in January. The Bank of Israel…
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Former Nevada official gets life sentence for murder of reporter By Reuters
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By Andrew Hay LAS VEGAS (Reuters) – A Las Vegas jury on Wednesday convicted a former elected official of killing an investigative journalist who wrote critical articles about him and sentenced him to life in prison with the possibility of parole after 20 years. Robert Tellis, a former Clark County…
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Why Is Nvidia Stock Down After Reporting Parabolic Growth?
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Expectations were high before Nvidia‘s (NASDAQ: NVDA) Financial Report for the Second Quarter of FY25. The company has become a de facto standard bearer. artificial intelligence Artificial intelligence is a true revolution. Graphics processing units (GPUS) provide the computational power needed to create the large language models (LLMs) that make…
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U.S. headed for bumper crop, which could be a bummer for farmers (NYSEARCA:WEAT)
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Masoud Zengin/iStock via Getty Images U.S. wheat futures rose for a second straight session on Wednesday, jumping about 1.5% in Chicago after rising 2% in the previous session following reports that U.S. corn, soybeans and spring wheat grades deteriorated last week. Meanwhile, domestic wheat prices in Russia rose. The beginning…