Category: News
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Biden hails Harris as DNC’s future in emotional farewell speech By Reuters
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By Steve Holland, Trevor Hunnicutt, and Doina Chiacu CHICAGO (Reuters) – President Joe Biden cemented the Democratic nomination of Kamala Harris to lead the fight for the White House against Republican Donald Trump with a speech at the party’s convention on Monday in which he hailed his running mate as…
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Biden hails Harris as DNC’s future in emotional farewell speech By Reuters
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By Steve Holland, Trevor Hunnicutt, and Doina Chiacu CHICAGO (Reuters) – President Joe Biden cemented the Democratic nomination of Kamala Harris to lead the fight for the White House against Republican Donald Trump with a speech at the party’s convention on Monday in which he hailed his running mate as…
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Biden hails Harris as DNC’s future in emotional farewell speech By Reuters
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By Steve Holland, Trevor Hunnicutt, and Doina Chiacu CHICAGO (Reuters) – President Joe Biden cemented the Democratic nomination of Kamala Harris to lead the fight for the White House against Republican Donald Trump with a speech at the party’s convention on Monday in which he hailed his running mate as…
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Stocks will hit fresh highs in the next 4 weeks — but investors should be careful around this key date, Goldman’s trading desk says
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Krisanapong Ditravhath/Getty Images; Jenny Cheng Rodriguez/Illustration via PI Goldman Sachs’ trading desk expects the stock market to hit record highs in the next four weeks, followed by a period of decline. The low volatility environment and corporate buybacks are what drive Goldman’s bullish outlook through mid-September. “We just saw one…
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Boeing grounds 777X test fleet after finding cracks in engine mounting structure (NYSE:BA)
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sanfel/iStock Editorial via Getty Images BoeingNew York Stock Exchange: BA) He is Grounding its 777X test fleet After inspection found cracks in the main engine mounting structure, Air current It was reported on Monday. Boeing (BA) has orders for 540 new aircraft that it plans to begin delivering. In 2025,…
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Super-angel billionaire Ron Conway blindsided by crypto allies: report
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Billionaire investor Ron Conway reportedly cut ties With a super cryptocurrency commission called Versic After the group said it would support the Republican candidate against Senator Sherwood Brown (D-Ohio), according to Politico a report. Brown is the longtime chairman of the Senate Banking Committee and has raised concerns about Cryptocurrency…
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Nairobi Hospital owners’ bid to eject board halted
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The management of Nairobi Hospital has obtained an injunction restraining the owners of the health facility from distributing a notice demanding their removal from office. The order by the Milimani Commercial Magistrate’s Court provides relief to the board, which has come under heavy criticism from a section of the Kenya…
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Tech tycoon Mike Lynch missing after yacht sinks off Sicily, weeks after £8bn fraud acquittal
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Mike Lynch, the British technology entrepreneur who was recently acquitted in a massive £8 billion fraud case, has disappeared after his yacht sank off the coast of Sicily. The incident comes just weeks after Lynch’s stunning legal victory, which saw him acquitted of fraud charges in a US court after…
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Rebuilding Gaza Could Take Over $80 Billion, Global Cooperation
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Breadcrumb Trail Links PMN Business On today’s Big Take podcast: a look at the international cooperation — and money — it would take to rebuild Gaza. Author of the article: Bloomberg News Julia Press and Sarah Holder Published Aug 19, 2024 • 10 minute read You can save this article…
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ZIM jumps sharply after raising guidance
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ZIM INTEGRATED SHIPPING SERVICES CO., LTD. ZIM (NYSE: ZIM) surprised investors today by significantly raising its annual outlook and beating expectations for the second quarter. The stock opened 14.32% higher on Wall Street, giving it a market cap of $2.622 billion. The Israeli shipping company reported revenue of $1.9 billion…
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Applied Industrial Technologies maintains $235 target amid sales dip By Investing.com
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On Monday, Applied Industrial Technologies (NYSE:AIT) maintained its Outperform rating and $235.00 price target from Oppenheimer. The firm noted that while Applied Industrial Technologies saw a slight decline in sales, the company’s margins remained strong in the fourth quarter of fiscal 2024. This was attributed to a combination of unbalanced…
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‘I Don’t Believe You Would Have A Trump Phenomenon Without…’
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Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Palantir Technologies Inc. (NYSE:BelterAmazon CEO Alex Karp has linked the rise of former President Donald Trump to the actions of Silicon Valley. What happened: In a wide-ranging interview with The New York Times,…
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Newmont upgraded, AngloGold downgraded at Scotiabank in upbeat gold outlook (NYSE:NEM)
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bodnarchuk/iStock via Getty Images Newmont (NYSE: No) was upgraded to sector outperform from sector perform with a $59 price target, but AngloGold Ashanti (AU) was downgraded to sector underperform from sector perform with a $30 price target, at Scotiabank, which still sees the group delivering an average upside of around…
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Fed Chair Powell’s Jackson Hole speech just got a lot less predictable
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Since 1981, Federal Reserve bankers, business leaders, prominent academics, and government officials have gathered each August for a three-day symposium in Jackson Hole, Wyoming, to discuss critical issues facing the global economy and financial markets—while also getting in some fishing and horseback riding. Federal Reserve Chairman Jerome Powell’s annual speech…
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Kenya Airways posts first profit in 11 years
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Kenya Airways (KQ) has ended its losing streak by posting a net profit of Sh513 million in the first half of the year to June, helped by lower debt servicing costs. The airline last posted a profit of Sh384 million in the first half of the year to June 2013…
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UK SMEs eye ambitious expansion plans amid renewed growth and confidence
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UK small and medium-sized businesses are targeting ambitious growth plans after a year of strong performance, according to a new survey by Shawbrook. The survey, which focused on growth companies, found that 44% of these SMEs are considering an IPO in the next five to 10 years. This wave of…
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Pakistan suffers snail-speed internet with some accusing government of setting up national firewall
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Babar Duggar Published on August 19, 2024 • Read for 2 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content LAHORE, Pakistan (AP) — People in Pakistan have…
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Duty Free Americas petitions court on IAA tenders
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Duty Free Americas, which operates the largest duty-free chain in the United States, is trying to make a deeper push into the Israeli market. In May, the company, owned by the Falic family, which is close to Prime Minister Benjamin Netanyahu, submitted a bid to operate duty-free stores at the…
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EF Hutton maintains stock target on GeoVax amid Mpox outbreak By Investing.com
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On Monday, EF Hutton reiterated its buy rating on shares of GeoVax Labs Inc. (NASDAQ:NASDAQ:) with a hold price target of $18.00. The company’s endorsement comes as GeoVax is actively developing the Modified Vaccinia Ankara (MVA) vaccine to combat the outbreak of smallpox virus type 1 in the Democratic Republic…
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US futures steady as countdown to Jackson Hole begins
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U.S. stocks were broadly flat on Monday after posting their best week in a year, as investors counted down to Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole that could reset interest rate cut expectations. S&P 500 futures (ES=F) were flat but still near record highs, while Dow Jones…