Category: News
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Hurricane Ernesto knocks out power in Bermuda but major damage avoided By Reuters
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By Jasmine Patterson and Nicola Muirhead BERMUDA (Reuters) – Hurricane Ernesto knocked out power, uprooted trees and flooded parts of Bermuda on Saturday, but the British island appeared to have suffered no serious injuries or property damage, officials said after an initial assessment. The Category 1 storm brought strong winds…
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Amid a 14% Sell-Off, Nvidia Just Hit Investors With a Rude Awakening. What Should Investors Do?
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Capital markets have had a strong start to 2024. However, Standard & Poor’s 500 and Nasdaq Composite Some companies have given up some of their gains over the past month or so as stocks have seen significant selling activity. As of the time of writing, stocks are down artificial intelligence…
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Goldman cuts U.S. recession risk (S&P Complete Indices:SP500)
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fire A string of positive economic data in recent days has prompted Goldman Sachs to lower its forecast for the U.S. economy to 20% from 25% next year. In a research note issued on Saturday, the investment bank said: He pointed to further cuts in the next 12-month outlook, subject…
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U.S. will very likely fight a war against Russia, China and Iran: Alex Karp
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The U.S. military has long prioritized the ability to fight two wars simultaneously in different parts of the world, similar to its efforts in the Pacific and European theaters during World War II. But Alex Karp, CEO of Palantir, a data mining software company known for its work in defense…
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Should I take a Sh250,000 loan to open a new business for my wife?
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a question: I am married with two children aged five and nine. I work in Nairobi but my family lives in the countryside. This is my third month of work and I am earning a net salary of Sh43,500. My budget is as follows: rent in Nairobi Sh9,000, rent in…
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Tata Steel workers and suppliers receive £13.5 million in emergency funding amid Port Talbot restructuring
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The UK government has announced £13.5m of emergency funding to support supply chain companies and workers affected by Tata Steel’s restructuring plans at its Port Talbot site in South Wales. The funding represents the first allocation from a transitional board set up to manage the impact of Tata’s switch from…
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Israeli startups provide IDF with tech advantage
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Over the 10 months since the war began, the IDF and the Defense Ministry have racked up a number of achievements on the battlefield, including the acquisition of advanced technologies. Since October 7, the Defense Ministry’s Research and Development Directorate has purchased a range of products from more than 100…
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3 Hot Growth Stocks to Buy Right Now Without Any Hesitation
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The stock market has averaged annual returns of about 10% for decades, enough to double your money every seven years. But it’s not hard to grow your money even faster if you choose the right investors. Growth stocks. To give you some ideas, three Motley Fool contributors think: On Holding…
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S&P 500 powers to 4% weekly advance (NYSEARCA:SPY)
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S&P 500 (SP500) Friday Jumped 3.93% The index ended the week at 5,554.25 points, posting gains in four of the last five sessions. SPDR S&P 500 ETF Trust (New York: Spy) Added 3.99% For this week. What a difference a week makes! Wall Street’s benchmark index The index posted its…
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Mark Zuckerberg gave his ex-engineer startup at advice 2am over chess
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When Sophie Novati got her first job as an engineering intern at Facebook in 2011, the social media giant was in the “move fast and break things” era. “The energy was flowing at the beginning of Facebook,” the current tech entrepreneur recalls. luck“There were a lot of people trying to…
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Vijay, the disciplinarian trying to be a ‘cool’ guy
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Discipline is a magical thing. Like a strict parent, it provides us with its order and authority, security and an irresistible desire to rebel against it. People generally do not pay attention to any rules. This is why people in traffic run red lights, motorcyclists run red lights, pedestrians run…
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Rural councils compelled to approve more wind and solar farms under new planning rules
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Rural councils across England will be required to approve a significant increase in wind and solar farms under a new set of planning rules introduced by Housing Secretary Angela Rayner. The changes, outlined in draft planning documents from the Ministry of Housing, Communities and Local Government, aim to accelerate the…
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Steelworkers: U.S. Department of Commerce’s decision to double duties on Canadian softwood lumber is pure protectionism
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Article Content BURNABY, British Columbia, Aug. 17, 2024 (GLOBE NEWSWIRE) — The United Steelworkers (USW) has criticized the U.S. Department of Commerce’s decision to double tariffs on Canadian softwood lumber. “The U.S. Department of Commerce’s decision to double existing duties and tariffs on Canadian softwood lumber products is nothing more…
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Prytek buys control of Israel fintech co TipRanks
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Singapore based technology company britek Buying control of Israeli financial information company Tip Ranks The companies announced the $200 million deal this morning. Prytek will acquire a 40% stake in TipRanks from the founders, employees and some investors, and will become the controlling shareholder in the company with a total…
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What’s Happening? Is This Bitcoin (BTC) Resistance Unbreakable? Ethereum (ETH) On Verge of Fundamental Crisis? By U.Today
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U.Today – The stock price has moved little or no over the past few weeks, and it continues to falter. SHIB stock has made multiple attempts to move out of its current trading range, but it has been unable to build much momentum, leaving investors and traders in a state…
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Why Pfizer Stock Slumped on Friday
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In the midst of the coronavirus pandemic a few years ago, any positive news from a COVID-19 vaccine or drug developer would have been met with a surge in buying of its shares. But it’s not 2021 anymore, and there’s an encouraging development from Pfizer (NYSE: PFE) Amazon’s call for…
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Crude oil little changed after volatile week with China demand fears lingering
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SlavkoSereda/iStock via Getty Images Crude oil futures ended the week little changed as lingering concerns over the outlook for demand in China and easing geopolitical risks offset economic data showing slowing inflation and strong retail sales pointing to resilient consumer spending. “It was Oil markets had a volatile week, said…
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Fired CFO’s texts revealed a 10-year affair that led to higher pay and promotions, company says
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Royal Bank of Canada said it had evidence that its former chief financial officer had an intimate relationship with a colleague, but did not disclose it, citing text and email exchanges between the two. Canada’s largest lender filed a statement of defence and counterclaim Friday in its unfair dismissal lawsuit.…
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Gerald Warui steps down as head of Equity Bank Kenya
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Gerald Warui, Managing Director of Equity Bank Kenya, has left the company, becoming the second senior executive to leave the regional bank in two months. Mr. Warwe, a professional banker, has been with the bank since 1998 and has held various positions. He has been temporarily replaced by the Head…