Category: News
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3 High-Yield Stocks to Buy in This Boring Sector
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Utilities run a very boring business. They distribute electricity and natural gas to customers under government-regulated rate structures. There’s not a lot of upside in this business (demand and prices are relatively stable), but there’s also not much downside. For this reason, utilities generate very stable returns, a large portion…
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Hawaiian Electric hits back at Maui County over Lahaina blaze (NYSE:HE)
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Hawaii Electrical Industries (New York Stock Exchange: Yes) said Friday it was not responsible for the deadly fire that destroyed the historic city of Lahaina, and Maui County should take responsibility, Bloomberg News reported. The utility filed a countersuit alleging that the local… The government neglected to clear vegetation, did…
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Housing market outlook: Buyers are gaining the upper hand
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The U.S. housing market is now tilted in favor of buyers, who are resisting the higher home prices demanded by sellers, according to Robert Rifkin, co-founder and CEO of Compass. Tell CNBC on Wednesday 30% of inventory on the market has seen price declines, more than at any time in…
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Maarten Brouwer: A career diplomat’s long walk to freedom
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Martin Brouwer, the outgoing Dutch ambassador to Kenya, has left the building and may have left the country as well. I packed a 40-year career into a set of suitcases and boarded a midnight plane home. Of his forty years in diplomacy, four were spent in Kenya; The rest worked…
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Inheritance Tax Conflicts with Conservative Values, Says Hunt
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Chancellor of the Exchequer Jeremy Hunt declared the inheritance tax unfair and “deeply anti-Tory”, and pledged to support the middle classes with tax breaks. In an interview with TelegraphHunt stressed the Conservative Party’s commitment to ending taxes that discourage earning and saving, and pledged to build on recent cuts to…
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Do Bank of Canada rate holds risk further damage?
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Article content David Rosenberg, founder and president of Rosenberg Research, recently told the Financial Post’s Larissa Harabin that he expects a rate cut in the central bank’s next announcement in June. “I think the bank should cut interest rates at the next meeting,” he said in a video interview. “If…
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Jobless figures indicate tight labor market in Israel
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The Central Bureau of Statistics announced today that the unemployment rate in Israel remained unchanged in April at 3.4%. Seasonally adjusted figures show a slight increase of 0.1% in the proportion of people aged 15 and over in the labor force. The broad unemployment rate, which includes those on unpaid…
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Hamas fires missiles at Tel Aviv, prompting first sirens in months By Reuters
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Written by Nidal Al-Mughrabi and Emily Rose CAIRO/JERUSALEM (Reuters) – The Islamic Resistance Movement (Hamas) said it fired rockets at Tel Aviv on Sunday, prompting sirens to sound in the Israeli city for the first time in four months, as the Palestinian movement seeks to demonstrate military strength despite… The…
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Why Nvidia stock isn’t in a massive bubble
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This is the takeaway from today’s morning briefing, and what you can do subscription Received in your inbox every morning with: Try to overthrow this king from the throne. In the days following Nvidia’s (NVDA) big quarter and Wednesday night’s forecast, two paths have emerged. Track One is owned and…
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Earnings week ahead: Salesforce, Costco, Canopy Growth, Dell, Dollar General, and more
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Nikolaeva Elena The last week of May, although shortened by the holiday, is still packed with major earnings reports from various sectors. The list of notable names includes Salesforce (New York Stock Exchange: Customer Relationship Management), Costco Wholesale (Nasdaq: Cost) and canopy growth (Nasdaq: CGC). On the technological front, investors…
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Joseph Stiglitz interview: Columbia economics professor and Nobel laureate
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Stiglitz says the protest movement sweeping his organization and many others is “hitting the ground” and recalls his history as a civil rights protester in the 1960s. “This may seem hard to believe, but I was there at the March on Washington in August 1963, with Martin Luther King,” he…
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Russel Storey finds joy in his loneliness
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There are certain conversations we can’t have with Russell Story. It’s still so raw, the wound is fresh, the memories are buried deep, you can raise eyebrows and it will fill in the blanks on auto-completion. Life, when you think about it, is just an accumulation of scars. So, we…
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Labour Could Cancel Train Contracts Early if Elected
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Britain’s privately owned train operators could start taking back control of their networks as early as July 5 if Labor wins the general election. Boris Johnson’s vision for a new Great British Railway to replace the privatized concession system has been halted by the dissolution of Parliament due to a…
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The exec who decides which drugs Novartis will develop
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At the beginning of 2023, Dr. Roni (Aharon) Gal, one of the best-known and longest-serving analysts in biopharmaceuticals, surprised the market when he announced his career change. Gall, who was working as a senior analyst at investment bank Sanford Bernstein, crossed the lines and joined pharmaceutical company Novartis as chief…
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After China drills, Taiwan president again extends goodwill By Reuters
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TAIPEI (Reuters) – Taiwan President Lai Ching-te once again showed goodwill toward China and offered cooperation on Sunday after two days of Chinese war games near the island, saying he looked forward to promoting mutual understanding and reconciliation. China, which claims to democratically rule Taiwan as its own territory, held…
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Tesla shareholders advised to reject Musk’s $56 billion pay
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(Reuters) – Dealer consulting firm Glass Lewis said on Saturday it had urged Tesla Inc shareholders to reject a $56 billion pay package for CEO Elon Musk, which if passed would be the largest pay package for a U.S. corporate CEO. The report cited reasons such as the “excessive size”…
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Top utility trade group joins litigation against new Biden power plant rule (NYSEARCA:XLU)
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DWalker44/E+ via Getty Images The largest trade group for electric utilities in the United States said this week that it is Join litigation To challenge the Biden administration’s new rules aimed at cutting carbon emissions from new coal and gas-based power plants. Edison Electric Institute said It supports the EPA’s…
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Deficit warning: Yellen says higher rates make managing it harder
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Treasury Secretary Janet Yellen said expectations of higher long-term interest rates make it difficult to contain U.S. borrowing needs, making a revenue boost more important in negotiations with Republican lawmakers. “We raised interest rate expectations,” Yellen said Friday in an interview with Bloomberg News. “It doesn’t make a difference. It…
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Court rules DPP attempt to withdraw GDC case unsound
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A Nairobi court has ruled that the decision by the Director of Public Prosecutions (DPP) Renson Ingunga to withdraw graft charges against former officials of the Geothermal Development Corporation (GDC) was not in the public interest. While rejecting the application to withdraw the charges against Mr. Nicholas Karume Wike, Peter…