Category: News
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Is Israel’s tech industry bouncing back?
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Two years ago, in May 2022, trouble began brewing for Israel’s tech industry. The prestigious and flourishing that had been producing a new unicorn almost every week and hundreds of new millionaires every month, began to creak. Six months after stock markets began falling, and two months after the US…
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Citi Trends names Ken Seipel as interim CEO, releases Q1 results By Investing.com
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SAVANNAH, GA – Citi Trends, Inc. announced… (NASDAQ: CTRN), a value-added retailer of apparel, accessories and home trends, announced the appointment of Ken Sippel as interim CEO, effective June 2, 2024. David McQueen has resigned as CEO and member of the Board of Directors but will serve as a senior…
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Federal Reserve’s preferred inflation gauge eased last month for the first time in 2024
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WASHINGTON (AP) — The Federal Reserve’s closely watched price gauge fell slightly last month, a sign that inflation may be easing after rising in the first three months of this year. Friday’s report from the Commerce Department showed that prices, excluding volatile food and energy categories, rose 0.2% in the…
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Ionis stock gains on data for HAE therapy (NASDAQ:IONS)
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Evening pictures Ionis Pharmaceuticals (Nasdaq: ions(Amazon) announced Friday that its investigational treatment dondalorsen has achieved positive results in two late-stage trials for hereditary angioedema (HAE), a rare genetic disorder characterized by body swelling. Citing data from the phase III studies OASIS-HAE and OASISplus, the company Dundalorsen, an RNA-targeted treatment, reduced…
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Lab-grown meat isn’t on grocery store shelves yet, but Florida and Arizona have already banned it
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Laboratory-grown meat Currently not available in any US grocery stores or restaurants. If some lawmakers had their way, that would never be the case. Earlier this month, Florida and Arizona both banned the sale of cultured meat and seafood. Grown from animal cells. In Iowa, the governor signed a bill…
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Kenya lags global peers in budget transparency
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Kenya lags behind its peers in transparency, an indicator of the theft and waste of public funds, a new survey shows. According to the 2023 Open Budget Survey (OBS), Kenya ranks 48th out of 125 countries when it comes to publishing information to support robust public debate on budget estimates.…
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Hunt Pledges to Safeguard Key Royal Mail Services Amid £3.6bn Takeover
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Chancellor Jeremy Hunt has urged regulators to closely examine Daniel Kretinsky’s proposed £3.6bn takeover of Royal Mail, amid concerns about the potential break-up of the iconic postal service. Hunt stressed the importance of extending the guarantees currently promised by Kretinsky beyond their initial periods. Speaking to LBC, Hunt highlighted the…
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Gasoline prices to fall for first time in 2024
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The Ministry of Energy and Infrastructure announced that as of June 2, the price will decrease by NIS 0.38 per liter to NIS 7.52 per liter. After five straight months of hikes, the maximum price for government-controlled 95 octane gasoline at self-service pumps in Israel will fall on Saturday at…
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Baosheng Media Group Holdings Limited Announces Filing of Current Report on Form 6-K with the SEC regarding Pending Legal Proceeding By Investing.com
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BEIJING, China, May 31, 2024 (GLOBE NEWSWIRE) — Baosheng Media Group Holdings Limited (NASDAQ: BAOS) (Baosheng or the Company), a China-based online marketing solutions provider, today announced that on May 9, 2024, the company filed a current report on Form 6-K to the U.S. Securities and Exchange Commission (“SEC”) in…
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Costco Q3 earnings beat all key metrics after shares closed at an all-time high
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Costco (COST) posted another huge quarter as consumers look for wallet-friendly prices on everyday essentials. On Thursday afternoon, the company reported net sales of $58.52 billion, compared to estimates of $57.98 billion. Its adjusted earnings of $3.78 also beat estimates of $3.70. “We’re definitely winning in consumer items, where we…
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Rio Tinto to keep New Zealand aluminum smelter open another 20 years (NYSE:RIO)
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Rio Tinto (New York Stock Exchange: RIEO) said on Thursday it would continue operations at its Tiwai Point aluminum smelter in New Zealand until at least 2044 after agreeing to new electricity supply agreements. RIO is the parent organization of New Zealand Aluminum The smelter, which said it had signed…
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Trump’s media company stock sinks in the wake of fraud verdict
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Shares of Trump Media and Technology Group, which owns the social networking site Social truthStock prices fell on Thursday following the conviction of former President Donald Trump in his hush money trial. New York jury Trump was found guilty Charged with falsifying business records in a scheme to illegally influence…
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Kenya on right path to building thriving digital, tech ecosystem
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Last week, I was honored to be part of the government delegation accompanying President William Ruto on his official visit to the United States. This visit comes in celebration of the sixtieth anniversary of the establishment of diplomatic relations between the two countries. A partnership that has been instrumental in…
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UK Households with No Work Reach 12-Year High Amid Labour Crisis
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The number of UK households in which no adult is working has reached a 12-year high, highlighting a deepening jobs crisis that experts warn is stifling Britain’s economic growth. In the first quarter of this year, there were 269,000 non-student households in which no adult was employed at all, the…
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NowVertical Group Reports First Quarter 2024 Financial Results
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published May 30, 2024 • 7 minute…
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Edeltech buys Turkish co’s Ashdod – Ramat Negev Energy stake
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Edeltech Group announced that it has signed an agreement to acquire Zorlu Energy’s entire stake in Ezotech Electric, the joint venture through which Edeltech and Zorlu own power plants through Ashdod Energy and Ramat Negev Energy. The joint venture has cogeneration production licenses and a total electricity production capacity of…
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Vanda Pharmaceuticals Announces Participation in the Jefferies 2024 Global Healthcare Conference By Investing.com
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Washington, May 30, 2024 /PRNewswire/ — Vanda Pharmaceuticals Inc. (NASDAQ:) Vanda (Nasdaq: VNDA) announced today that the company will participate in the Jefferies 2024 Global Healthcare Conference in… New York City on Thursday, June 6, 2024. A corporate presentation is scheduled 2:00 PM EST. The company’s presentation at the Jefferies…