Category: News
-
Futures firm as Powell set to take center stage at Jackson Hole
•
(Reuters) – U.S. stock index futures were slightly higher on Friday as investors awaited comments from Federal Reserve Chairman Jerome Powell at the Jackson Hole Economic Symposium for clues on interest rate cuts in the world’s largest economy. While minutes from the Fed’s July meeting this week showed that a…
-
Biggest stock movers today: WDAY, ROST, and more (NASDAQ:ROST)
•
RealPeopleGroup/iStock via Getty Images Stock futures were slightly higher in premarket trading on Friday as market participants eagerly awaited Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole, looking for clues on potential interest rate cuts to come. Here are some of the most moving stocks on Friday: Largest stock…
-
Biggest stock movers today: WDAY, ROST, and more (NASDAQ:ROST)
•
RealPeopleGroup/iStock via Getty Images Stock futures were slightly higher in premarket trading on Friday as market participants eagerly awaited Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole, looking for clues on potential interest rate cuts to come. Here are some of the most moving stocks on Friday: Largest stock…
-
Greenpeace files supreme court case accusing Finland of climate inaction
•
A group of environmental and human rights organizations said Thursday they are suing the Finnish government for violating the country’s climate legislation by not taking enough action to meet climate targets. In a statement, the six organizations noted that in 2022, Finland adopted “one of the strongest net-zero climate targets…
-
Banks, stock brokers hits as CBK stops commission on bonds trade
•
Kenya’s central bank will stop paying commission to stockbrokers, custodian banks and authorised securities dealers that help it sell treasury bonds from next month, cutting off hundreds of millions of shillings in revenue each year. The central bank paid selling agents – who act as intermediaries between the central bank…
-
Household confidence in UK economy wanes after six months of growth
•
British household confidence in the economy has fallen for the first time in six months, according to the latest results from the GfK consumer confidence survey. The long-term index, which dates back to the 1970s, remained unchanged at -13, slightly above the long-term average of -18 but below Citi analysts’…
-
Household confidence in UK economy wanes after six months of growth
•
British household confidence in the economy has fallen for the first time in six months, according to the latest results from the GfK consumer confidence survey. The long-term index, which dates back to the 1970s, remained unchanged at -13, slightly above the long-term average of -18 but below Citi analysts’…
-
Should Budget Commissioner quit or back down?
•
Finance Minister Bezalel Smotrich wrote a letter to Budget Commissioner Yogev Gradus, saying: “As long as you do not agree with my economic policy and believe that you are having difficulty implementing it, you are welcome to step down. As long as you continue in your position, you are subordinate…
-
ForexLive Asia-Pacific FX news wrap: USD/JPY fell back under 145.50 as BoJ Gov Ueda spoke
•
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…
-
Exclusive-Chinese entities turn to Amazon cloud and its rivals to access high-end US chips, AI By Reuters
•
By Eduardo Baptista, Fanny Botkin and Karen Freifeld BEIJING/SINGAPORE/NEW YORK (Reuters) – Chinese state-linked entities are using cloud services provided by Amazon.com Inc or its rivals to access advanced U.S. chips and artificial intelligence capabilities they could not otherwise obtain, recent public tender documents show. The US government has restricted…
-
A bullish signal in the stock market is pointing to double-digit gains for the S&P 500 next year, research firm says
•
Spencer Platt/Getty, Tyler Lee/PI The stock market showed a bullish technical indicator on Monday, according to Ned Davis Research. NDR strategist Ed Clissold noted that the market is in stage four of bottoming out as it approaches record highs. Since July, three broad bullish signals have emerged, indicating a strong…
-
Top economist Mohamed El-Erian says traders are too aggressive on Fed rate cut expectations
•
Mohamed El-Erian said traders are overestimating the chances of the US Federal Reserve making sharp interest rate cuts before the end of the year. “It’s problematic in my mind that the market is pricing in a lot of price cuts right now,” said El-Erian, president of Queens’ College, Cambridge. Bloomberg…
-
Top economist Mohamed El-Erian says traders are too aggressive on Fed rate cut expectations
•
Mohamed El-Erian said traders are overestimating the chances of the US Federal Reserve making sharp interest rate cuts before the end of the year. “It’s problematic in my mind that the market is pricing in a lot of price cuts right now,” said El-Erian, president of Queens’ College, Cambridge. Bloomberg…
-
Why adopting ESG principles are essential to business growth
•
This is the “Decade of Action,” calling on all stakeholders to accelerate efforts to achieve the UN Sustainable Development Goals. The SDGs aim to address the challenges of poverty, climate change, and closing the financial gap between the world’s most vulnerable communities. However, the UN Sustainable Development Goals Report 2023…
-
Private schools urge treasury to delay VAT implementation until September ’25
•
Private school leaders have urged the Treasury to delay the introduction of VAT on school fees, warning that introducing the tax in January could lead to a significant mid-year increase in pupil numbers in the state sector, putting unsustainable pressure on already limited resources. Independent schools are set to raise…
-
Timbercreek Financial Declares August 2024 Dividend
•
Article Content TORONTO, Aug. 22, 2024 (GLOBE NEWSWIRE) — Timbercreek Financial Corporation (TSX: TF) (the “Company”) is pleased to announce a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company, which will be paid on September 13, 2024 to holders of Common Shares of record on…
-
FIMI cashes in on Bet Shemesh Engines revival
•
when FIMI Investment Opportunities Funds buy control of Beit Shemesh Engines In 2016, it is doubtful that anyone could have imagined such a success: a fourfold return on investment in a veteran industrial company founded more than fifty years ago. The return is impressive even by the standards of the…
-
US FDA approves updated COVID shots ahead of fall and winter By Reuters
•
Written by Maryam Sani and Manas Mishra (Reuters) – The U.S. Food and Drug Administration on Thursday approved updated COVID-19 vaccines from Pfizer Inc. Pfizer (New York Stock Exchange:) and accident (NASDAQ:) is targeting a new variant of the disease, just in time for a vaccination campaign in the fall.…
-
POPCAT surges 30% amid Binance news, massive whale buy
•
Solana-based coin Popcat surged over 30% to become the top performing coin after a major listing announcement from Binance. The cat-themed Popcat (POPCAT) token surged to a record high of $0.58 on August 22. The gains for Solana (SOL) came as the crypto market reacted to Binance Futures’ listing of…
-
Wall Street Braces for ‘Reality Check’ From Powell: Markets Wrap
•
(Bloomberg) — Bond yields rose and stocks fell as traders bet that Jerome Powell will pour cold water on market expectations for a sharp interest-rate cut this year. Most Read from Bloomberg Treasury yields rose across the curve, led by shorter maturities. The dollar also gained. The S&P 500 lost…