Category: News
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Treasury urges Chancellor to target pension savings of 6m middle-class workers
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Rachel Reeves, Consultant Rachel Reeves will push to tap into the retirement savings of up to 6 million middle-class workers in plans Treasury officials presented ahead of her first budget. The Chancellor is expected to consider a proposal to cut pension tax to a flat rate of 30% – meaning…
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AI could be the best long-term disinflationary force in a challenging global economy
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Inflation has come down from last year’s peak, but as the latest figures show, it’s still not as low as anyone would like. The Fed has also raised interest rates 11 times and kept them at 23-year highs. Will that be enough? Perhaps, but some economists say we’re in a…
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AI could be the best long-term disinflationary force in a challenging global economy
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Inflation has come down from last year’s peak, but as the latest figures show, it’s still not as low as anyone would like. The Fed has also raised interest rates 11 times and kept them at 23-year highs. Will that be enough? Perhaps, but some economists say we’re in a…
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Faulu Microfinance Bank launches money market fund
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Faulo Microfinance Bank has launched the Money Market Fund (MMF), with the aim of expanding investment options for its clients. A money market fund (MMF) is a type of mutual fund that invests in high-quality, short-term debt instruments, cash, and cash equivalents. Although not quite as safe as cash, money…
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Carpetright’s future secured but at least 1,000 jobs lost in limited rescue deal
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Carpetright’s future was partly secured through the rescue deal, but the move resulted in the loss of more than 1,000 jobs. Tapi, a rival flooring retailer, bought 54 of Carpetright’s 272 stores and two warehouses through a pre-pack administration, which allows for selective acquisition of assets. The deal retained 308…
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Asahi Kasei Selects PolymRize™ to Advance Polymer Informatics for Sustainable Innovation
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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 July 23, 2024 •…
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Israeli heart pump co Magenta Medical raises $105m
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Israeli mini heart pump developer Magenta Medical Today announced the completion of a $105 million funding round led by Novo Holdings with new investors Viking Global Investors and RA Capital Management, and existing investors OrbiMed, New Enterprise Associates (NEA), JVC Investment Partners, and ALIVE – Israel HealthTech Fund also participating…
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Google talks to cybersecurity firm Wiz break down
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Google Inc.’s (NASDAQ:) discussions to potentially acquire cybersecurity company Wiz for $23 billion have fallen through, according to a report Tuesday by The Wall Street Journal. The Wall Street Journal reported that Wizz CEO Asaf Rappaport said in an email to employees sent on Monday and seen by The Wall…
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Forexlive European FX news wrap 23 July – The US Dollar remains in the driver’s seat
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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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3 Warren Buffett Stocks to Buy Hand Over Fist
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Warren Buffett’s investment approach has proven to be extremely successful over time. Berkshire Hathaway‘s (NYSE: BRK.A) (NYSE: BRK.B) The stock has consistently outperformed most major market indexes since Buffett took control in 1965. His strategy involves focusing investments in companies with strong business models and very long-term growth trajectories. Three…
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Biggest stock movers today: NXPI, CCK, and more (NASDAQ:TUSK)
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Richard Drew Stock futures fell in premarket trading Tuesday as investors prepared for earnings reports from major companies including Coca-Cola, General Motors, Tesla, Google and IBM. Here are some of the most moving stocks on Tuesday: Biggest Gainers in Stocks Crown Holding (New York:CCK) stocks rose About 6% After reporting…
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Trump lawyers push New York appeals court to overturn $500m verdict
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Following our victories in other legal cases, Donald Trump On Monday, Trump pressed a New York appeals court to overturn a judgment in a nearly $500 million New York civil fraud case that threatens to drain his personal cash reserves as he continues his campaign to reclaim the White House.…
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State buys new ID printing machine amid delay complaints
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The government has purchased a new machine to print national identity cards, hoping to avoid a crisis caused by delays in issuing important documents. Principal Secretary for Immigration and Citizen Services Julius Pittock said in an update on Monday that since the introduction of the digital ID in November last…
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Rachel Reeves’ New York Visit to Attract US Investment for UK Projects
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Chancellor Rachel Reeves is due to visit New York in early August to engage with major US investment firms, with the aim of securing billions of pounds for projects in the UK. Her visit program includes a private dinner with Stephen Schwarzman, Chairman and CEO of Blackstone, a leading global…
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Internet is still down in Bangladesh despite apparent calm following deadly protests
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Al Emrun Garjon and Julhas Alam Published on July 23, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content DHAKA, Bangladesh (AP) —…
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Wiz turns down Googles $23b acquisition offer
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Israeli cloud security company Weez Apple has rejected Google’s $23 billion offer to buy it and will instead focus on its plan to float shares on Wall Street. “It’s hard to turn down such modest offers,” Asaf Rapaport, Waze’s co-founder and CEO, wrote in a memo to the company’s 1,200…
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Cathie Wood’s Ark Invest Snaps Up $5.3M In Beaten-Down Crowdstrike Shares, Dumps $3.7M Worth Of Tesla Stock Before Q2 Earnings
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Cathie Wood’s Ark Invest Sold $5.3 Million in Crowdstrike Stock, Dumped $3.7 Million in Tesla Stock Ahead of Q2 Earnings on monday, Katie Wood-Drove Ark Invest He made major deals including: CrowdStrike Holdings (NASDAQ: CRWD) and Tesla Inc. (NASDAQ:TSLA), despite the turbulent market conditions surrounding these companies. Crowdstrike Trading the…
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Woodside Energy raises cost estimate for flagship Scarborough gas project (NYSE:WDS)
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AlexLMX/iStock via Getty Images Woodside Energy (New York:WDS) early tuesday Raise the estimated cost Shell has announced an increase in its share of development costs for its Scarborough natural gas project by US$500 million to US$12.5 billion, taking the company’s share of development costs to US$8.2 billion, with the increase…
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Elon Musk is backing Trump, but Democrats won’t quit X
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A week after Elon Musk endorsed Donald Trump for president, President Joe Biden’s team used Musk’s social media platform X — as well as more neutral spaces like Facebook and Instagram — to announce its endorsement. End his re-election campaign. It’s a testament to how entrenched the platform is among…
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Unit trusts pile into bank deposits on higher rates
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Collective investment schemes tripled their share of assets under management in the form of cash and demand deposits to Sh35.3 billion in the 12 months to March 2024, chasing high interest rates on deposits offered by liquidity-starved banks. New data on investment fund assets released by the Capital Markets Authority…