Category: News
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Company Insolvencies Surge by Nearly 20% in April
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Difficult economic conditions led to an 18 percent increase in corporate bankruptcies during April, as rising debt levels, rising interest rates and spending cuts took their toll. According to data from Companies House, corporate bankruptcies rose to 2,177 in April, compared to 1,838 in March. Over the 12 months to…
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Slowing Inflation Primes G-7 Central Banks for June
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Breadcrumb Trail Links PMN Business Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy. Author of the article: Bloomberg News Brian Fowler and Craig Stirling Published May 18, 2024…
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monday.com soars on raised 2024 outlook
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Israeli business operating systems company monday.com (Nasdaq: MNDY) rose sharply on Wall Street after raising its annual forecasts for both revenue and profits and reporting strong results for the first quarter of 2024. The company reported first-quarter revenue of $217 million, up 37% from the corresponding quarter in 2023. GAAP…
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Venezuela opposition candidate says he will guarantee political freedom By Reuters
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Written by Vivian Sekera LA VICTORIA, Venezuela (Reuters) – Venezuelan opposition candidate Edmundo Gonzalez said on Saturday he would guarantee freedom of action for all political parties if he ousted President Nicolas Maduro in elections scheduled for July, and urged the military to support the country’s institutions as the president…
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Plug Power rises to top industrial gainer of week, while IES Holdings dips
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audioundwerbung/iStock via Getty Images Selected Industrial Sector (XLI) declined-0.28%) for the week ending May 17 after gaining for three straight weeks, while the SPDR S&P 500 Trust ETF (SPY) rose (+1.65%) Climb four weeks on the trot. Year-to-date, or since the beginning of the year, XLI has risen +9.95% SPY…
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Stock market rally: 14 of world’s 20 biggest markets hit record highs
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From New York to London to Tokyo, if there is one similarity among global stock markets it is this: record highs. Of the world’s 20 largest stock markets, 14 recently reached all-time highs. The MSCI ACWI index, which tracks developed and emerging markets, hit a record high, hitting another new…
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Commercial Property Values Poised for Growth as Office Return Accelerates
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The commercial property market may be approaching rock bottom as more workers return to their offices, according to Land Securities, one of the UK’s largest landlords. Mark Allan, chief executive of Land Securities, which has a portfolio worth billions, said high-quality property values “have pretty much bottomed out and will…
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From Tokyo to New York, Stock Markets Are on a Record-Hitting Spree Around the World
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Breadcrumb links BMN Business From New York to London to Tokyo, if there is one similarity among global stock markets it is this: record highs. Article writer: Bloomberg News Jean-Patrick Barnert, Alexandra Semenova, Geoffrey Morgan, and Michael Msika Posted on May 18, 2024 • 4 minutes read You can save…
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Weka raises $140m at $1.6b valuation
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Israeli AI data platform company Wicca The company announced the completion of its oversubscribed $140 million Series E financing round, valuing the company at $1.6 billion. The company has become a unicorn, doubling its $750 million valuation when it raised $135 million in November 2022. This latest funding round brings…
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Mirum Pharmaceuticals’ LIVMARLI Data Showcased at ESPGHAN Annual Meeting By Investing.com
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– Seven summaries highlighting ALGS and PFIC data, including three oral presentations – Long-term extension data from the phase III PFIC study were presented in plenary and selected from among the highest-scoring abstracts FOSTER CITY, Calif.–( BUSINESS WIRE )–Mirom Pharmaceuticals (Nasdaq: MIRM) today announced data presented at the 56th Annual…
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3 Monster Stocks in the Making You Can Buy Right Now
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If you go to Redwood National Park in California, you can see the tallest tree in the world – a redwood tree called Hyperion that is over 380 feet tall. Like every other tree, Hyperion started as a tiny seed. Stocks can be like this, starting small but growing to…
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Biden administration seeks end to federal coal leasing in Powder River Basin
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Slavko Sereda/iStock via Getty Images Benchmark crude oil prices rose on Friday to end the week at their highest levels this month, as economic indicators from China and the United States, the world’s largest oil consumers, raised hopes of rising demand. Oil prices also received support This week after the…
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Electric mobility has ‘won the race’ but Volkswagen hits brakes on EV strategy
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Volkswagen AG’s comprehensive electric vehicle plan no longer exists. VW’s namesake brand, which has made its ID family of electric vehicles a staple of its future, I confess Last week you’ll need more hybrid cars as electric car sales slow. This represents the latest tweak VW has made to its…
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HMRC Seeks Another Bite in ‘Mega Marshmallow’ Tax Case
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After losing twice in the protracted ‘huge marshmallow’ tax case, HMRC has announced its intention to lodge another appeal. Last month, the High Tax Court upheld a lower court ruling that “jumbo marshmallows” sold by London-based wholesaler Innovative Bites are not considered sweets and are therefore exempt from VAT. The…
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Sunak May Struggle to Turn Key Inflation Victory Into Votes
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Breadcrumb links BMN Business Of the five targets Rishi Sunak set for himself at the start of 2023, he achieved only one – halving inflation by the end of last year. On Wednesday, he may be able to go further and declare victory over the cost of living crisis, with…
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Five IDF soldiers killed by friendly fire
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In the incident that occurred in the northern Gaza Strip, two tanks opened fire on a building entered by soldiers from the Paratroopers Brigade. The Israeli army spokesman allowed to report the killing of five combat soldiers from the 202nd Paratroopers Battalion during operations in Jabalia, in the northern Gaza…
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Faraday Future Announces Fourth Quarter and Full Year 2023 Earnings Webcast Timing By Investing.com
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LOS ANGELES–( BUSINESS WIRE )– Faraday Future Intelligent Electric (Nasdaq: FFIE) (“Faraday Future or FF or the Company”), today announced… California-based Intelligent Electric Mobility Ecosystems Co., said it is scheduled to hold a conference call on its fourth-quarter and full-year 2023 results after the market close on Tuesday, May 28,…