Category: News
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Why Kenya needs robust Shariah governance rules
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Kenya has achieved a significant milestone in Islamic finance by issuing the first Sukuk in East and Central Africa. The listing of Linzi Finco Sukuk on the Nairobi Stock Exchange’s over-the-counter securities platform two weeks ago was aimed at raising funds that would be used to develop affordable housing projects…
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Dark Art or Business Essential?
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Business development is often misunderstood as a “dark art,” when in fact it is the strategic force that drives organizational growth. At its core, business development is about seizing opportunities, forming key relationships, and driving revenue through partnerships, market expansion, and innovative offerings. From outreach to strategic planning, it’s all…
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Southeast Asia’s Solar Boom Threatened by US-China Trade Tension
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Breadcrumbs Path Links PMN Business The future of Southeast Asia’s booming solar industry, which produces the world’s largest number of solar panels after China, is in doubt as the United States prepares to impose steep tariffs on the region. Article author: Bloomberg News Bloomberg News Published on August 20, 2024…
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JPMorgan cuts Israel’s 2024 growth forecast
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Following recent negative macroeconomic data, JPMorgan has lowered its forecast for Israel’s GDP growth in 2024 to just 1.4%, down from 1.6% in its previous forecast. Under the title “Israel: An Unlucky Mix of Growth and Inflation Data,” US investment bank JP Morgan released revised forecasts for the Israeli economy,…
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H&R Block CFO sells $5.17 million in company stock By Investing.com
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In a recent transaction, Tony J. Bowen, CFO of H&R Block Inc. (NYSE:HRB), sold 79,259 shares of the company’s common stock. The sale, which took place on August 19, 2024, netted a total of approximately $5.17 million. The shares were sold at a weighted average price of $65.17, with a…
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Who’s going to win the presidential election? The stock market has a prediction.
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– Getty Images There is a 64% chance that Kamala Harris will win the presidential election in November, given the strong performance of the stock market since the beginning of the year. This is moderately higher than the 58% probability I mentioned in Column last MayThe reason for this is…
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Forexlive Americas FX news wrap: Canadian CPI falls to 40-month low
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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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Fed’s Bowman says she remains wary of future rate cuts
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And my siblings U.S. Federal Reserve Governor Michelle Bowman on Tuesday expressed caution about future interest rate cuts, citing the risks of higher inflation. Bowman has been one of the central bank’s most hawkish members, giving few signs of her willingness to support a rate cut at the Fed’s meeting.…
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Uber raises charges, including minimum fare, after pressure from drivers
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Uber has raised its ride prices, including the minimum fare, in response to pressure from its drivers, who have protested its prices for months and even resorted to setting their own prices in recent weeks. In an announcement on Monday, the company said the price increases would be across its…
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Disney drops bid to use Disney+ contract to halt allergy death lawsuit
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Disney has backed down from its attempt to take a wrongful death lawsuit to arbitration, after a public backlash. The lawsuit, filed by Jeffrey Piccolo, seeks justice for the death of his wife, Dr. Kanokporn Tangsuwan, who died in 2023 after suffering a severe allergic reaction at Disney World in…
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Shufersal’s performance improves under Amir brothers
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The hard work of brothers Yossi and Shlomi Amir since becoming controlling shareholders in the Shufersal (TASE: SAE) retail chain is starting to show results. Israel’s largest supermarket chain posted a 153% jump in net profit in the second quarter, to NIS 169 million. During the quarter, the Amir brothers…
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Palo Alto Networks target raised by Oppenheimer on strong FY24 By Investing.com
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Oppenheimer saw its price target on Palo Alto Networks (NASDAQ:NASDAQ:) increase from $390.00 to $410.00, while the company maintained an outperform rating on the stock. This adjustment comes after Palo Alto Networks delivered a strong performance at the end of its fiscal 2024, beating estimates with strong platform sales. Palo…
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2 Cheap Passive Income Stocks to Buy Now
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Passive income is crucial to maintaining your lifestyle after retirement. After all, the Social Security Administration warns that it may not be able to pay out benefits in full after 2035, which underscores the importance of alternative sources of income. While stocks aren’t necessarily the most stable sources of passive…
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BitFuFu reports Q2 results (NASDAQ:FUFU)
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BitFuFu Press Release (NASDAQ: FOFO): Total revenues in the second quarter were $129.4 million, an increase of 69.7% compared to $76.3 million in the same period in 2023. Revenue from cloud mining solutions was $77.0 million, up 66.8% compared to $46.2 million in the same period. For the year 2023.…
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Vermont businesses crippled by July flooding and storms
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Two floods Storms that hit in July have crippled businesses and tourist destinations in an economically depressed area of northern Vermont, with some remaining closed as they repair damage and others urging weather-deterred visitors to make the trip. The Kingdom’s trails, a popular destination for mountain bikers, attract tens of…
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Tech advancements driving the uptake of e-mobility in Kenya
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Over the past decade, Kenya has become a sought-after destination for investors in e-mobility and its technology. Electric vehicle batteries have undergone many technological advances. These include chemical changes aimed at increasing energy density and other metrics such as the weight and size of battery packs. These changes make batteries…
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Gold prices could surge to $2,600 an ounce as us interest rate cut looms
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Gold could rise to $2,600 an ounce after hitting a new record high, as traders increasingly expect the US Federal Reserve to cut interest rates next month. On Sunday, spot gold broke through $2,500 an ounce for the first time, extending a rally that has seen the precious metal rise…
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Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Christopher Rugaber Published on August 20, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (AP) — Federal Reserve officials say they’re…
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El Al milks monopoly on Tel Aviv – New York flights
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Since the outbreak of war last October, US airlines have dramatically reduced their flights to and from Israel and have now cancelled all of them, leaving El Al Israel Airlines Ltd. (level:Ilal) as the sole carrier on the Tel Aviv-New York route. This situation was clearly demonstrated in El Al’s…