Category: News
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April home sales up 10% compared with year ago, but monthly sales slow
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Article content OTTAWA — The Canadian Real Estate Association says the number of home sales in April was up 10.1 per cent compared to last year, but it attributed the increase primarily to the early Easter long weekend. The increase came as the average price of a home sold last…
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Two chip cos pull TASE upwards
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Two companies active in the international semiconductor industry that are traded on the Tel Aviv Stock Exchange have become shock absorbers for the local market, accounting for a large part of its rise this year. The two companies, Camtek (TASE: CAMT; Nasdaq: CAMT) and Nova (TASE: NVMI, Nasdaq: NVMI) (known…
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Allurion Announces Three Scientific Presentations at the European Congress on Obesity, Including Study on Lean Mass Preservation for Sustainable, Healthy Weight Loss
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New data shows significant loss of fat mass while maintaining lean mass NATICK, Mass.–(BUSINESS WIRE)–Allurion Technologies, Inc. today announced… (NYSE: ALUR), a company dedicated to eliminating obesity, announced three scientific presentations at the 31st European Congress on Obesity (ECO) in Venice, Italy. , on May 12-15, 2024. The presentations include…
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Stock Futures Hold Gains Ahead of US Price Data: Markets Wrap
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(Bloomberg) — U.S. stocks are poised to maintain the previous session’s technology-led gains, as traders bet that Wednesday’s headline U.S. inflation report won’t undermine the case for an interest rate cut by the Federal Reserve. Most read from Bloomberg S&P 500 and Nasdaq 100 futures were little changed, while the…
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Nasdaq, S&P, Dow futures fall as investors brace for CPI data
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Mberdi/E+ via Getty Images Stock index futures fell on Wednesday, a day after the Nasdaq closed at a new record high, as investors awaited important CPI data due later in the day. Standard & Poor’s 500 futures contracts (SPX) -0.1%Nasdaq 100 futures (US100:IND) -0.2% and Dow futures contracts (Endo) -0.1%.…
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Commerzbank rises on decade-high quarterly earnings
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Commerzbank AG raised its lending income forecast this year after recording its best quarterly profit in more than 10 years. The German lender generated net income of 747 million euros ($808 million) in the three months through March, beating analysts’ consensus of 656 million euros, Commerzbank said in a statement…
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Infrastructure bonds face 5pc tax
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Interest earned on future infrastructure bonds with a term of at least three years will for the first time attract a withholding tax at the rate of five per cent if proposals in the Finance Bill 2024 are passed through Parliament. Infrastructure bonds (IFBs) have been tax-exempt since they were…
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I can’t think of any government which has done more to stop British food production
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Nigel Farage said he could not think of any government in recent times that has done more to destroy British food production. Talking to GB News Nigel Farage said: “In Downing Street this morning, there was a gathering, it seemed, of all the great and good of British agriculture and…
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St Bakhita schools parents move to court opposing fee increment
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More than 1,000 parents of St Bakhita Schools in Nairobi have returned to court after failing to agree with management over plans to review and hike fees. Appearing before Judge Christine Meoli on Tuesday, the parents said the children’s learning could be disrupted mid-term because the administration had given them…
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PATRIOT ALBEMARLE MOU CONCLUDED By Investing.com
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Vancouver, British Columbia, May 15, 2024 /PRNewswire/ – May 15, 2024 ” Sydney, Australia Highlights The two parties have mutually agreed not to extend the MOU, enabling Patriot to explore a broader range of strategic partnerships in the lithium sector. Patriot has succeeded and continues to attract significant interest throughout…
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Charities Criticise Tesco’s Evening-Only Food Collection Policy
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Tesco is under fire from charities struggling to distribute unwanted food to the homeless and hungry due to new rules requiring food collection only in the evening. The supermarket giant has moved to a system where charities must collect surplus food, such as items nearing their best-by dates, only in…
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Brazil President Lula Fires Petrobras CEO After Dividend Dispute
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(Bloomberg) — Brazilian President Luiz Inacio Lula da Silva fired Jean-Paul Prats, CEO of state-owned oil company Petroleo Brasileiro SA, after a dispute over dividends. Most read from Bloomberg The decision was confirmed by people familiar with the matter, who requested anonymity to discuss private matters. Petrobras, as the company…
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Petrobras CEO Prates ousted by Lula after dividend dispute (NYSE:PBR)
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Wagner Mayer/Getty Images News Petrobras (New York Stock Exchange: BBR) -6.9% Post-market on Tuesday following news that CEO Jean-Paul Prats was… Disqualified He will be replaced by Brazilian President Luiz Inacio Lula da Silva, and Magda Chamberillard, former head of the Brazilian oil and gas regulator ANP. Pratts became CEO…
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Air Canada suspends Israel flights until August
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Passengers wishing to fly directly between Israel and North America this month can only do so on El Al Israel Airlines. Air Canada has suspended the resumption of its flights to Israel until August 5. Following the Iranian missile attack on Israel last month, the Canadian airline initially suspended its…
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What Medicare beneficiaries need to know about generic medications
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Generic drugs save Medicare’s 43 million beneficiaries billions of dollars annually compared to the cost of their brand-name counterparts, and are typically sold for about 80% less. But if you think that all generic drugs are the same regarding side effects, manufacturing quality, price, and Part D prescription drug coverage,…
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B&G Foods EVP buys $99,978 worth of company stock By Investing.com
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In a recent deal, Scott E. Lerner, Executive Vice President and General Counsel of B&G Foods, Inc. (NYSE:BGS), by purchasing shares of the company’s common stock. The transaction, which occurred on May 13, 2024, included the acquisition of 11,755 shares at a weighted average price of $8.5052 per share, for…
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Forexlive Americas FX news wrap: PPI offers up a headfake
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US Producer Price Index for April +2.2% y/y vs. +2.2% expected Powell: The labor market is as tight as it was before the pandemic in 2019 US credit card balances rose 13.1% year over year in the first quarter Winch from the European Central Bank: Higher interest rates for a…
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Why FuelCell Energy, Bloom, and Clean Energy Fuels Rose Today
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Renewable energy stocks rose on Tuesday after… Power delivery (NASDAQ: Delivery) Announce receipt Guaranteeing a loan worth $1.66 billion From the US Department of Energy. Plug currently has two hydrogen fuel production facilities at full capacity, with a third facility approaching that mark. Plug says the government aid will help…
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Ascendis stock falls as FDA delays TransCon PTH review
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Grandparents Editorial/iStock via Getty Images Ascendis Pharma (ASND) announced Tuesday that the U.S. Food and Drug Administration (FDA) has postponed the timeline for completing its review of the company’s experimental hypoparathyroidism treatment, TransCon PTH. The Food and Drug Administration considered the information provided by the company Regarding the New Drug…
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Why McDonald’s may be willing to lose money on its $5 meal deal
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McDonald’s diners made no effort to express how they felt about the burger giant raising prices to $8 for a chicken sandwich and $18 for a Big Mac, a phenomenon they reluctantly dubbed “McFlation.” “It’s $25.39 for a 40-count nugget and two large fries. Can’t you even throw a sprite?”…