Category: News
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Treasury prepares 2025 emergency budget cuts plan
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Israel’s Finance Ministry is quietly preparing a contingency budget plan for 2025 in case the government avoids passing the 2025 budget for political reasons, sources familiar with the situation told Globes. According to the original timetable, the government was scheduled to approve the budget proposal this week, but there is…
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Yen slips, markets brace for US inflation data By Reuters
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By Vidya Ranganathan SINGAPORE (Reuters) – The yen continued its slow decline against the dollar in thin trade due to a holiday in Japan on Monday, as market participants remained uncertain about the prospects of a significant interest rate cut by the U.S. Federal Reserve next month. The break comes…
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Asian Equities Advance Ahead of Busy Data Week: Markets Wrap
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(Bloomberg) — Asian stocks rose for a second straight session as markets shifted focus to key U.S. data this week for more insight into the health of the world’s largest economy. Most Read from Bloomberg Stocks in the region rose on Monday, after rising 1.5% on Friday. Benchmarks in Australia…
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Hero Cosmetics CEO Discovered Skincare Idea in South Korea
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An acne emergency isn’t usually something to be thankful for, but Jo Rio attributes her almost overnight commercial success to a few bad acne outbreaks. The founder of Hero Cosmetics, a skincare brand that promises to be your savior in the wake of acne woes, describes her career path as…
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ForexLive Asia-Pacific FX news wrap: USD/JPY popped back above 147.00
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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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Get policies right for pension planning
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Economic policies are the foundation on which pension funds thrive or falter. When the economic environment is conducive, with sustained growth and inflation under control, pension funds can meet their obligations to retirees. Otherwise, the financial security of retirees is threatened. The National Social Security Fund Act of 2013, which…
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British Steel nears £600m Government bailout as Labour signals intent to break deadlock
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The UK government is close to approving a £600m bailout for British Steel, with the money set to be used to secure the future of the company’s Scunthorpe plant. The move comes as Labour has shown renewed determination to resolve long-standing issues with Chinese company Jinji, owner of British Steel,…
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Asian Equities Advance, Yen Gives Up Some Gains: Markets Wrap
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Breadcrumbs Path Links PMN Business Asian stocks rose on Monday as markets turned their focus to key U.S. data due later this week for more insights into the health of the world’s largest economy. The yen retreated further from a seven-month high touched last week. Article author: Bloomberg News Catherine…
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Why is NICEs share price tumbling?
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The Israeli technology company’s stock price fell on Friday. Nice Systems Ltd. (NASDAQ: nice – good; level:nice – good) fell 7.9% and was down 7.64% on the Tel Aviv Stock Exchange (TASE) today. The sharp drop came after NICE rival Five9 posted financial results and lowered its 2024 revenue guidance,…
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People flee wildfire near Athens as it spreads ‘like lightning’ By Reuters
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Written by Angelos Tsatsis and Carolina Tagaris VARNAVAS, Greece/ATHENS (Reuters) – Residents fled their homes on Sunday as a fast-spreading wildfire outside Athens was ignited by hot, windy weather, burning trees, homes and cars and sending plumes of smoke over the Greek capital. More than 400 firefighters, backed by 16…
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Bonds Are Back as a Hedge After Failing Investors for Years
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(Bloomberg) — Greg Abella, a New Jersey money manager, didn’t expect the deluge of calls he’s been getting from clients over the past week. “All of a sudden people are asking us, ‘Wow, do you think this is a good time for us to add bonds?’” Most Read from Bloomberg…
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Bonds Are Back as a Hedge After Failing Investors for Years
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(Bloomberg) — Greg Abella, a New Jersey money manager, didn’t expect the deluge of calls he’s been getting from clients over the past week. “All of a sudden people are asking us, ‘Wow, do you think this is a good time for us to add bonds?’” Most Read from Bloomberg…
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Natural gas prices have been negative a record number of times
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Sometimes supply and demand get so out of control that the producer has to pay the consumer instead of the other way around. This has happened more and more frequently in West Texas, where the natural gas closing price has been negative for 57 trading days this year through the…
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How you can trade your excess electricity with Kenya Power
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For the first time in Kenya, those who generate power for their own use but also have a connection to the national electricity grid can now sell their excess generation to the entire country through a concept known as net metering. A system that allows consumers who produce their own…
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Phinxt Robotics secures £2M funding to scale robotics automation with innovative edge AI platform
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PHINXT Robotics, an AI-powered robotics software company, has secured £2m in an oversubscribed funding round to develop an innovative AI platform that simplifies and scales robotic automation in warehouses. The tour was led by Shore Valley Projects With the participation of Ada Ventures, From the heart and Atlas Ventures. Founded…
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Summer tourists flock to boardwalks and piers while sticking to their budgets
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press May Anderson Published on August 11, 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 NEW YORK (AP) — Small businesses along popular…
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The economist predicting a post-war rebound for Israel
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Financial markets have been a whirlwind these past few weeks, and for good reason. Surprising macroeconomic figures and dramatic security and political events around the world have made volatility the name of the game. “You only have to look at the past month and see the series of events we…
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1 Top Growth Stock Down 58% to Buy Before It Is Too Late
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supercomputer (NASDAQ: SMCI) Supermicro has been one of the hottest stocks on the market this year, up a whopping 73% as of this writing, but a closer look at the stock’s recent performance suggests that its bull run is over. In fact, Supermicro shares (as the company is known) are…
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Hard hats or party hats? Walmart earnings could shake up the retail sector (NYSE:WMT)
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Marvin Samuel Tolentino Pineda Walmart (New York:WMT) is heading into its earnings report on August 15 with high expectations after a 29% year-to-date surge. Consensus estimates from analysts are calling for Walmart (WMT) to report revenue of $167.3 billion, earnings per share of $0.65, and comparable sales growth in the…