Category: News

  • YMCA offers free facilities access in Edmonton to evacuees fleeing Jasper wildfire

    Article Content EDMONTON, Alberta, July 26, 2024 (GLOBE NEWSWIRE) — As thousands of residents affected by the Jasper wildfires flee east to Edmonton, the YMCA of Northern Alberta is offering evacuees free access to the YMCA’s four health, fitness and aquatics centres in Edmonton. Individuals and families are welcome to…

  • Tel Aviv TAMA 38 residential building plans in disarray

    Tel Aviv’s residential construction plans have been thrown into disarray by the Tel Aviv-Yafo municipality’s decision not to extend the Tama 38 project, which will reinforce and expand existing buildings to protect against earthquakes. A series of projects promoted in recent months will be halted and tenants will have to…

  • Mountain & Co. announces CFO and CSO resignations By Investing.com

    Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA), a special purpose acquisition company, announced the resignation of two top executives earlier this week. Alexander Hornung, chief financial officer, and Thomas Middelhoff, chief strategy officer, resigned from their positions on Monday for personal reasons. The Cayman Islands-based real estate and construction company…

  • US Accuses Famed Short-Seller Andrew Left of Securities Fraud

    (Bloomberg) — U.S. authorities have charged famed short seller Andrew Left with committing fraud through stock trades, social media posts and research reports — their biggest move yet in a yearslong campaign against traders who promote their bearish bets. Most Read from Bloomberg The Securities and Exchange Commission on Friday…

  • Bears see Mag 7’s S&P dominance as ‘one bad payroll away from cracking’: Bank of America

    Adam Smigelski The Magnificent 7 tech giants’ significant impact on the S&P 500 (SP500) could stem from a significant slowdown in U.S. economic activity, Bank of America said. Nasdaq 100 (NDX) and other technology stock indexes (COMP:IND)) (Q Q Q) fell this month as investors moved into small-cap stocks.Rty Way)…

  • Bill Ackman’s own hedge fund is asking investors to ignore what he says 

    It’s not every day that a company asks shareholders to disavow any comment made by its parent company’s largest shareholder and its chief executive. But that’s exactly what Pershing Square USA Ltd. did on Thursday when it blamed Wall Street speculator Bill Ackman. In a letter marketing his new closed-end…

  • Traders on edge as KRA goes for unpaid old taxes

    The Kenya Revenue Authority has sent letters to dozens of businesses notifying them of overdue VAT balances accumulated before the introduction of iTax in 2014, which could hit those unable to provide proof of payment with invoices running into millions of shillings. Most of the balances date back more than…

  • Intergenerational Learning is Key for Building a Skilled and Engaged Workforce

    For the first time, organizations have access to a workforce that spans five generations, with baby boomers working alongside Gen Z. While this may pose some challenges, there is a great opportunity to benefit from intergenerational learning, embracing different views, knowledge and experiences. Traditionally, mentoring and learning have been viewed…

  • Umbra Companies, Inc. (Symbol: UCIX) Making Great Strides with Prestigious Real Estate Development Project in Montgomery, AL

    Article Content GREENWOOD VILLAGE, Colo., July 26, 2024 (GLOBE NEWSWIRE) — Umbra Companies, LLC (UCIX) is proud to announce significant progress on its prestigious real estate development project in Montgomery, Alabama. Located in the Monticello neighborhood, the project features a 4,700-square-foot luxury home on a half-acre lot with a pool,…

  • Umbra Companies, Inc. (Symbol: UCIX) Making Great Strides with Prestigious Real Estate Development Project in Montgomery, AL

    Article Content GREENWOOD VILLAGE, Colo., July 26, 2024 (GLOBE NEWSWIRE) — Umbra Companies, LLC (UCIX) is proud to announce significant progress on its prestigious real estate development project in Montgomery, Alabama. Located in the Monticello neighborhood, the project features a 4,700-square-foot luxury home on a half-acre lot with a pool,…

  • Budget delay, canceling VAT hike jeopardize Israel’s credit rating

    The Finance Ministry is busy preparing the state budget for 2025, but the work is getting more complicated every day. While the ministry’s top officials are trying to promote a balanced financial plan to deal with high defense spending, politicians, led by Prime Minister Benjamin Netanyahu and his economic adviser,…

  • Nexstar raises dividend, approves mega buyback By Investing.com

    IRVING, Texas – Nexstar Media Group, Inc. (Nasdaq: NASDAQ), a diversified media company, today announced a quarterly cash dividend of $1.69 per share, payable on August 23, 2024, to shareholders of record through August 9, 2024. Additionally, the company’s board of directors approved a new share repurchase program of up…

  • US stocks set for rebound as investors wait for key inflation data

    U.S. stocks rose before the bell on Friday, poised for another comeback attempt as investors await crucial inflation data that will test high expectations for interest rate cuts. Dow Jones Industrial Average futures rose 0.5%, or about 200 points, after the index closed slightly higher. S&P 500 futures rose about…

  • Commodity Roundup: UBS’s Marcelli sees higher prices ahead despite demand concerns

    Oselot/iStock via Getty Images Concerns about slowing Chinese demand have weighed on commodity prices recently. However, UBS’s chief investment officer still sees commodity prices rising in the future due to strong demand and limited supply, and expects the asset class to offer strong diversification benefits to a portfolio. Context. “We…

  • Apple slips from top 5 smartphone brands in China: IDC, Canalys

    Apple is no longer one of the top five smartphone sellers in China, according to independent research, as the price of the iPhone falls due to a weak economy, new competition and an alleged government ban. Research published by Canalis And International Data Center This week, a smartphone shipments measurement…

  • BAT sells factory parts on nicotine pouch licence flop

    Bat Kenya is selling the machines installed at its Nairobi nicotine pouch factory, which has been idle for about five years as the government has refused to grant a marketing license for the new product. The cigarette maker announced the decision on Thursday in a commentary accompanying its financial results…

  • Record £48 Million in Fines Levied by UK Watchdog on Audit Firms

    Britain’s accounting watchdog, the Financial Reporting Council, has imposed a record £48.2m in fines over the past year, after completing several high-profile investigations, including audits of Carillion and London Capital & Finance. The Financial Reporting Commission, which oversees the country’s audit and accountancy firms, has surpassed its previous record of…

  • China’s Old Car Trade-in Push Met With Doubt Amid Soft Demand

    Breadcrumbs Path Links PMN Business Electric carmakers have welcomed China’s move to double cash subsidies for replacing internal combustion engine vehicles, while others have expressed doubts about China’s ability to stimulate consumer demand for large purchases. Article author: Published on July 26, 2024 • Read for 2 minutes You can…

  • JPMorganChase CEO Jamie Dimon meets Israeli tech leaders

    During his visit to Israel this week, Jamie Dimon, CEO of JPMorgan Chase, the largest bank in the United States, met for lunch with Israeli tech leaders. The meal was held at the home of businessman Eyal Waldman, who founded Mellanox, which was sold to Nvidia for $7 billion. The…

  • CORRECTING and REPLACING “ SPS Commerce Reports Second Quarter 2024 Financial Results By Investing.com

    MINNEAPOLIS, July 25, 2024 (GLOBE NEWSWIRE) — In a release issued under the same headline on July 25, 2024 by SPS Commerce , Inc. (NASDAQ: NASDAQ:), please note that  the range of Non-GAAP income per diluted share numbers for  the Fiscal Year 2024 Guidance  have been corrected. The corrected release…