Category: News
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Tesla stock notches 10th consecutive day of gains as investors eye growth potential
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Tesla (TSLA) stock closed up about 4% on Tuesday, posting gains for the 10th straight day. The positive moves mean Tesla has erased all of its losses since the start of the year, with the stock up about 5% year-to-date. Shares are up about 75% since hitting a 52-week low…
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Forexlive Americas FX news wrap 9 Jul: Powell’s testimony keeps easing door open for Sept.
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Federal Reserve Chairman Powell testified before the U.S. Senate today on Capitol Hill in the first of two testimony before U.S. lawmakers. The Fed chairman will speak before the House of Representatives tomorrow. During his testimony today, the Fed chairman explicitly said he would not talk about changing the interest…
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Sun Valley Conference 2024: The biggest names attending, and notably absent
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Every year, a group of billionaire CEOs, investors, university leaders and politicians gather at Allen & Co.’s Sun Valley Conference in Sun Valley, Idaho, for what many have called “summer camp for billionaires.” private An event closed to the press since its inception in 1983, the deals made inside this…
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Flight-free travel pioneer Byway raises £5M to make journey-based travel mainstream
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Byway, a travel tech startup and B Corporation supporting flight-free travel, has raised £5 million in a Series A funding round. Heartcore Capital led the round, with participation from Eka Ventures and investors from Byway. The funds will be used to accelerate the development of Byway’s unique journey planning technology,…
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Key senators reach agreement on spending levels for next year, setting up clash with House
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Breadcrumbs Path Links PMN Business Article author: Associated Press Kevin Freaking Published on July 9, 2024 • Read for 2 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (AP) — The U.S. Senate plans to increase…
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Speculation in agricultural land holds many pitfalls
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Every year, an average of about 3,100 privately owned agricultural plots are sold in Israel, for a total value of NIS 1.5 billion. This is 30% more than the average annual number of sales a decade ago, and the amounts involved are three times larger than in the first half…
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Cherry Hill Mortgage moves to internal management model By Investing.com
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FARMINGDALE, N.J. – Cherry Hill Mortgage Investments, Inc. (NYSE: CHMI) announced Monday that its Board of Directors has decided to internalize the management of the Company. The decision, recommended by a special committee of independent board members, will terminate the current management agreement with Cherry Hill Mortgage Management, LLC and…
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Why stocks may be due for a correction
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The markets may seem unstoppable, but it’s important not to become complacent. “There’s definitely some level of froth (in the markets),” Fed Watch Advisors founder Ben Emmons told Yahoo Finance’s executive editor. Brian Sozzi on him Opening show Podcast (Watch or listen to the video above) here“There is a lot…
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ReShape stock gains on all-stock merger deal (NASDAQ:RSLS)
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Maxim Labkowski ReShape Lifesciences Inc. SharesNASDAQ:RSLSShares of Philips Medical Devices Inc. rose in early trading Tuesday after the medical device maker reached a merger agreement to combine with specialty drugmaker Vyome Therapeutics in an all-stock deal. Under the terms of the deal, ReShape (RSLS) is currentlyShareholders will own approximately 11.1%…
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ReShape stock gains on all-stock merger deal (NASDAQ:RSLS)
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Maxim Labkowski ReShape Lifesciences Inc. SharesNASDAQ:RSLSShares of Philips Medical Devices Inc. rose in early trading Tuesday after the medical device maker reached a merger agreement to combine with specialty drugmaker Vyome Therapeutics in an all-stock deal. Under the terms of the deal, ReShape (RSLS) is currentlyShareholders will own approximately 11.1%…
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DBS CEO: Trump likes to ‘cut deals,’ may be helpful with China
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Right now, American voters face a choice between President Joe Biden and former President Donald Trump in November’s presidential election. Business leaders around the world—including in Southeast Asia, which is trying to balance its relations with the United States and China—are plotting what either outcome might mean. The overall view…
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Moody’s downgrades Kenya after rejection of Ruto’s Finance Bill 2024
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Global rating agency Moody’s on Tuesday downgraded Kenya’s credit rating, citing the country’s inability to implement austerity measures due to the withdrawal of the unpopular Finance Bill 2024. The downgrade means Kenya’s local and foreign currency debt obligations have moved further into junk territory, from ‘B3’ to ‘Caa1’. A junk…
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Amazon’s Coventry workers vote in historic union ballot
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Amazon workers at its Coventry warehouse have begun voting in a historic referendum to recognise their union, which could give them collective bargaining rights on pay and working conditions for the first time in the UK. More than 3,000 employees at the West Midlands hub are taking part in the…
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Jerusalem light rail delays pile up
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Delays are piling up in the expansion of Jerusalem’s light rail system. Globes has learned that the Green Line between Mount Scopus and Gilo, which was scheduled to open next year, will now not open until March 2026. And the Red Line extension, originally scheduled to open in July 2023,…
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Oil prices hold steady as concerns over hurricane damage ease By Reuters
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By Colleen Howe and Trixie Yap (Reuters) – Oil prices were little changed on Tuesday after a hurricane that hit a major U.S. oil production hub in Texas caused less damage than markets had expected, easing concerns about supply disruptions. Brent crude futures rose four cents to $85.79 a barrel…
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Nvidia is poised to surge another 16% as signs point to ‘exceedingly robust’ demand for its next-gen Blackwell chip, UBS says
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Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/PI Nvidia’s stunning stock rally could continue to $150 per share, UBS said. Recent supply chain checks show “very strong” demand for Nvidia’s next-generation chips, the bank said. Nvidia’s potential EPS of $5 in 2025 would give it a valuation…
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Bonafide 2024 State of Menopause survey: Women want more employer support
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Not only does a lack of workplace accommodations for menopausal employees harm their mental and physical health, it can also harm their careers, according to a new survey of thousands of women experiencing menopausal and perimenopausal symptoms. Women’s healthcare company good well More than 2,000 American women between the ages…
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Court declines to stop new South Sudan cargo charge
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The High Court has refused to issue interim orders suspending the implementation of the directive to impose a fee of $350 (Sh44,878.51 at current exchange rates) on each container of all goods destined for South Sudan. A preservation order maintains the status quo to preserve a matter until the motion…
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New Chancellor Rachel Reeves Announces Mandatory Housing Targets ‘To Get Britain Building Again’
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In a crucial move to tackle the UK’s housing crisis, Rachel Reeves, the UK’s first female Chancellor of the Exchequer, has announced a series of ambitious measures aimed at revitalising the housing sector. In her inaugural speech as Chance…