Category: News
-
steady at $67k as weekend rally cools; US politics in focus By Investing.com
•
Bitcoin rose slightly on Monday, stabilizing after a sharp rally over the weekend as President Joe Biden’s abandonment of his re-election bid increased uncertainty over the U.S. political outlook. The world’s largest cryptocurrency has surged in recent sessions amid growing bets that Republican front-runner Donald Trump, who has offered a…
-
Wall Street in measured mood as Biden bows out
•
A look at the day ahead in European and global markets from Wayne Cole. The day began with the unexpected news that President Joe Biden had dropped out of the race, and the market reaction so far has been muted. Wall Street futures have become more stable, bond yields have…
-
Woodside Energy to buy Driftwood LNG developer Tellurian in $1.2B deal (NYSE:TELL)
•
Sky_Blue/iStock via Getty Images Woodside Energy (WDS) said late Sunday it has agreed to acquire liquefied natural gas developer Tellurian (NYSE:TELL) for $1.2 billion in cash, including debt. Woodside (WDS) said the acquisition of Tellurian (TELL), a developer of 27.6 million metric tons per annum The Driftwood LNG export project…
-
World leaders praise Biden’s record after he quits presidential race
•
World leaders have praised Joe Biden after the US president announced he would not run for re-election in November. He is the first president since 1968 to withdraw from the presidential race. Biden, 81, has been under intense pressure from senior Democratic figures to step down after a disastrous debate…
-
Payroll taxes grow by single digit despite higher payslip deductions
•
Taxes on salaries, wages and benefits paid to workers rose by single digits in the fiscal year just ended, underscoring the tightness of the labor market as decent formal jobs shrink amid a freeze in wage increases in most sectors. The Kenya Revenue Authority (KRA) generated net payroll taxes of…
-
China’s exports surge, pushing trade surplus to $99bn amid tariff threats
•
China posted a record trade surplus of $99 billion last month, the highest in more than two decades, as it continued to drive export growth despite looming tariff threats from President Donald Trump. Official trade data for June showed an 8.6% increase in export volumes, beating economists’ expectations of 8%…
-
Dollar Edges Lower Following Biden’s Election Exit: Markets Wrap
•
Breadcrumbs Path Links PMN Business The dollar fell in early Asian trade after Joe Biden ended his re-election campaign and endorsed Vice President Kamala Harris. The region’s stocks look set for a mixed start. Article author: Bloomberg News Matthew Burgess and Maria Elena Vizcaino Published on July 21, 2024 •…
-
Jerusalem Germany Colony house sold for NIS 32m
•
The Templar House in the German Colony in Jerusalem, which was intended to be preserved, was sold for NIS 32 million. The house, located at the corner of Yitzhak Karmia Street and Yohanan Smuts Street, was purchased by a family that immigrated to Israel from the United States 10 years…
-
Biden ends failing reelection campaign, backs Harris as nominee By Reuters
•
By Jeff Mason, Garrett Renshaw, and Steve Holland REHOBOTH BEACH, Del. (Reuters) – U.S. President Joe Biden on Sunday abandoned his faltering re-election bid under growing pressure from fellow Democrats and endorsed Vice President Kamala Harris to replace him as the party’s nominee to face Republican Donald Trump in November’s…
-
Stock investors are staring down a bearish trifecta that could spark a 12% market drop by October, strategist says
•
Stocks could see a double-dip correction over the next three months, according to a veteran strategist.Getty Images; Jenny Chang Rodriguez/PA Bill Blaine said stock markets could see a double-digit decline by the fall amid a host of headwinds. The veteran strategist said stocks are overvalued and face risks from rising…
-
Big banks poised for multi-year inflection point, Wells Fargo’s Mike Mayo says (NYSE:STT)
•
yongyuan Big banks’ second-quarter earnings support the case that the sector is “at a multi-year inflection point from negative to positive growth in revenue, operating leverage, and earnings per share growth,” says Wells Fargo analyst Mike Mayo. The “five Ps” – central banks, capital markets, costs, credit, and capital –…
-
Big banks poised for multi-year inflection point, Wells Fargo’s Mike Mayo says (NYSE:STT)
•
yongyuan Big banks’ second-quarter earnings support the case that the sector is “at a multi-year inflection point from negative to positive growth in revenue, operating leverage, and earnings per share growth,” says Wells Fargo analyst Mike Mayo. The “five Ps” – central banks, capital markets, costs, credit, and capital –…
-
Joe Biden drops out of re-election race, backs Harris to replace him on ticket
•
President Biden said Sunday he will withdraw from his position as the presumptive Democratic nominee after weeks of criticism following a poor debate performance and a rebellion by prominent Democratic donors. in Message posted On his X account, Biden reviewed his accomplishments while in office, and said he would address…
-
How often do Kenyans change their engine oil?
•
Is there a way to calculate how diligently Kenyan motorists change their car’s engine oil, and how often they do it? — PL There may be several ways. But the quickest and cheapest way to get a general impression may be to compare total national fuel sales to total national…
-
Half a million ensnared by 60 per cent income tax trap
•
More than half a million individuals now pay up to 60 percent of income tax on the top of their earnings, a record number caught in this punitive tax trap, according to Bowmore Financial Planning. Salaries between £100,000 and £125,000 fall under this tax anomaly. While the official top rate…
-
Biden Gets Thumbs-Down from Manchin, Renewed Backing by Clyburn
•
Breadcrumbs Path Links PMN Business Senator Joe Manchin called on President Joe Biden to drop out of the 2024 presidential race, adding his voice to about three dozen U.S. lawmakers who are publicly saying it’s time to find a new Democratic nominee. Article author: Bloomberg News Alicia Diaz Published on…
-
Bladeranger drones clean German station roofs
•
Bladeranger (TASE: BLRN), a provider of services and solutions for the solar market, has successfully completed a Proof of Concept (PoC) project with German rail infrastructure company DB InfraGO AG, a wholly owned subsidiary of national railway company Deutsche Bahn. As part of the project, drone payload solutions designed for…
-
Israel says it intercepts missile fired from Yemen, Houthis say they targeted Eilat By Reuters
•
JERUSALEM/CAIRO (Reuters) – Israel said its air defences intercepted a surface-to-surface missile fired from Yemen on Sunday, and Yemen’s Iran-aligned Houthi movement said it fired several rockets at the Israeli Red Sea city of Eilat. The attack continued an escalation of violence between Israel and the Houthis that began on…
-
ExxonMobil Is a Rock-Solid Dividend Stock, but So Is This Dirt Cheap Value Stock That Paid $1.8 Billion in Dividends Over the Past Year
•
In addition to being the most valuable energy company in the United States, Exxon Mobil It is a consistent dividend payer, with more than 42 consecutive years of increased paymentsWith its diversified business model and sufficient cash flow to invest in organic growth, acquisitions and energy transformation, Exxon and its…
-
Earnings week ahead: TSLA, GOOG, IBM, AAL, GM, F, VZ, T, and more (NASDAQ:TSLA)
•
William Potter As market participants prepare for another busy week on the stock market, a variety of companies across multiple sectors are set to report their quarterly earnings. Big names like Tesla (NASDAQ: Tesla) and the alphabet (NASDAQ:GOG) (NASDAQ:GoogleHeadlines are expected to dominate this week as the week will feature…