Category: News
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US futures edge higher as key inflation report matches expectations
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U.S. stock futures rose on Wednesday as Wall Street digested a key signal on consumer prices that is set to help shape the future of near-term interest rate policy. Futures tied to the S&P 500 (ES=F) and Nasdaq (NQ=F) were up about 0.2%. Dow Jones Industrial Average (YM=F) futures were…
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Sportradar sees bulls and bears weigh in after earnings (NASDAQ:SRAD)
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Just_Super/E+ via Getty Images Jefferies has updated Sportradar Group AG (NASDAQ: SARAD) to a Buy rating from Hold on Wednesday after reading the company’s second-quarter earnings report. Analyst David Katz highlighted the significant progress Sportradar (SRAD) has made in demonstrating the strength of “The industry dynamics are currently in favor…
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Londoners go to war with upmarket chain Gail’s over gentrification
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Hundreds of people in London’s trendy Walthamstow district have signed a petition against a new bakery opening in the area, with locals complaining about the group’s former chairman’s comments on Covid, Brexit and vigilantism. Residents of Walthamstow are trying to prevent the opening of Gill’s store, fearing it could lead…
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Value of Kenya tea exports to Pakistan up 11pc on demand
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The value of Kenyan tea bought by Pakistan rose 10.6 percent in the six months to June, extending the Asian nation’s dominance as the biggest buyer of the drink from the East African nation and helping to offset falling sales to other major buyers. New data from the Central Bank…
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Boris Johnson in talks over potential telegraph role as Zahawi consortium advances in auction
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Former UK Prime Minister Boris Johnson held informal discussions about a possible role at the Telegraph as part of Nadhim Zahawi’s bid to take over the paper. Zahawi, who served as an adviser under Johnson, is currently assembling a consortium to buy the Telegraph in an ongoing auction. A source…
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Companjon makes CNBC’s inaugural ‘World’s Top Insurtech Companies’ list following independent evaluation of market by Statista
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on August 14, 2024 •…
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monday.com sees tenfold growth in limitless market
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Economic and geopolitical uncertainty hasn’t stopped Israeli operating system company Monday.com (Nasdaq: MNDY). The company reported strong second-quarter results earlier this week, sending its stock price up 15% to a 30-month high. Yesterday, the stock rose another 1.21%, giving the company a market cap of $13.072 billion, making it the…
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monday.com sees tenfold growth in limitless market
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Economic and geopolitical uncertainty hasn’t stopped Israeli operating system company Monday.com (Nasdaq: MNDY). The company reported strong second-quarter results earlier this week, sending its stock price up 15% to a 30-month high. Yesterday, the stock rose another 1.21%, giving the company a market cap of $13.072 billion, making it the…
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Australia’s CBA beats annual profit forecast, extends shares rally By Reuters
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Written by Sameer Manikkar (Reuters) – Commonwealth Bank of Australia, the country’s largest lender, reported a smaller-than-expected fall in annual cash profit on Wednesday and announced its highest ever dividend, despite falling margins and rising mortgage overdue payments. Cash profits were A$9.84 billion (US$6.52 billion) for the year to June…
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Don’t rush back into the stock market as more pain is coming if the economy keeps slowing, Stifel chief strategist says
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iStock; Rebecca Zisser / P Barry Bannister of Stifel said stocks have risen since last week’s sell-off, but there is still reason for caution. The Fed’s 2% inflation target is “just a pipe dream” while the housing market is expected to recover, Bannister said. He reiterated his prediction of a…
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Activist Elliott seeks 10 board seats at Southwest Airlines (NYSE:LUV)
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Kevin Deitch/Getty Images News Update 9:05 PM: Elliott’s confirmation adds. Activist firm Elliott Investment Management is preparing to launch a proxy battle in Southwest Airlines (NYSE: LUV). The prominent activist fund plans to nominate 10 candidates for the position of director of the airline’s 15-person board, according to a statement…
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Southwest investor asked the board to dump its CEO over the airline’s struggles. Now it wants to oust the board.
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Elliott Management Inc. is planning to nominate a slate of candidates for Southwest Airlines Co.’s board of directors, adding to activist investor pressure for sweeping changes at the struggling airline, according to a person familiar with the matter. Elliott will nominate up to 10 directors and call a special investor…
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HF turns to shareholders to resolve capital woes
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HF Group, a listed lender, has turned to shareholders through a rights issue to raise new shares to shore up deteriorating capital ratios that have fallen below the legal minimum, impacting its ability to grow the business. The bank is set to issue 1.5 billion new shares, three for each…
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UK Government injects £800M to enhance broadband for 300,000 rural homes
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The UK government has announced a major investment of £800 million to upgrade broadband infrastructure for 312,000 rural homes and businesses across England, Scotland and Wales. The initiative is part of a wider strategy to achieve full gigabit broadband coverage across the UK by 2030, targeting areas that have been…
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US Inflation Data to Show Another Modest Increase, Cementing Fed Cut
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Breadcrumbs Path Links PMN Business Forecasters expect a monthly report on U.S. consumer prices to show another modest increase last month, reinforcing widespread expectations of a Federal Reserve interest rate cut in September. Article author: Bloomberg News Matthew Bosler Published on August 13, 2024 • Read for 3 minutes You…
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Microbiome personalized health co DayTwo shuts down
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One of the most exciting startups in Israel Day 2Energy Food, which developed a personalized diet based on microbiome precision, has closed its doors. Ultimately, the company’s platform wasn’t differentiated enough from other nutrition menus, and while it initially gained popularity among individual customers, health services didn’t embrace it. DayTwo…
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Biden targets tumors with $150 million funding for ‘Cancer Moonshot’ program By Reuters
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By Andrea Shalal and Garrett Renshaw NEW ORLEANS (Reuters) – U.S. President Joe Biden on Tuesday announced he would allocate $150 million in new federal funding to develop technology to better help surgeons successfully remove cancerous tumors. The award, which Biden promoted during a visit to New Orleans, is the…
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Biden targets tumors with $150 million funding for ‘Cancer Moonshot’ program By Reuters
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By Andrea Shalal and Garrett Renshaw NEW ORLEANS (Reuters) – U.S. President Joe Biden on Tuesday announced he would allocate $150 million in new federal funding to develop technology to better help surgeons successfully remove cancerous tumors. The award, which Biden promoted during a visit to New Orleans, is the…
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Tech stocks lead rally after inflation data sets table for CPI
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It was a shock announcement this morning from Starbucks early Tuesday after the struggling coffee chain announced that Chipotle (CMG) Chairman and CEO Brian Niccol would become its next CEO, effective September 9. Nicol will succeed Alex Narasimhan, who has held the post for less than 18 months. Yahoo Finance…
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Inozyme stock draws Buy at Jefferies (NASDAQ:INZY)
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Leo Patrizi Inozyme Pharma (NASDAQ:INZY) traded higher on Tuesday after Jefferies assumed coverage with a buy rating and a $17 price target, citing three rare disease opportunities for the company’s flagship asset, INZ-701. Enzyme replacement therapy is currently undergoing clinical trials. Studies on ENPP1 deficiency, calcification, and pseudoexfoliative ectodermal tumor…