Category: News
-
Pango acquires Gett for $175m
•
Israeli parking payments app Pango today signs an agreement to buy taxi-hailing app Gett (formerly Get Taxi). Pango will pay just $175 million for Gett, which is close to the valuation Globes announced in March, and just above the $160 million fair value attributed to the company by Gett’s largest…
-
Canadian police arrest fourth man for murder of Sikh leader Nijjar By Reuters
•
TORONTO (Reuters) – A fourth person has been arrested and charged with the killing of Sikh separatist leader Hardeep Singh Nijar last year, Canadian police said on Saturday, in a case that has strained diplomatic relations with India. Canadian police earlier this month arrested and charged three Indian men in…
-
It’s Time to Buy the Dip in This Generational Growth Stock Opportunity
•
Airbnb’s (Nasdaq: ABNB) The first quarter earnings report was fresh from the press on May 8. Despite strong impulses on the top and bottom lines, investors sold the stock the next day as Q2 guidance came up short. Shares lost 7%, a big one-day selloff for the travel leader. Revenue…
-
Bitcoin stands to gain from U.S. fiscal dominance, Trump victory: StanChart
•
Da-kook/E+ via Getty Images There is a growing risk of financial dominance in the US, with rising debt and deficits likely to be on an unsustainable path, and that should be good news for Bitcoin (BTC-USD), according to Jeff Kendrick of Standard Chartered Bank. Donald Trump wins the presidential election…
-
Trump is fighting an audit that could cost him over $100 million because he claimed 2 tax breaks for the same Chicago building
•
A massive trove of tax information obtained by ProPublica, covering thousands of America’s wealthiest individuals, reveals what’s inside the billionaires’ bag of tricks for minimizing their personal tax bills — sometimes to nothing. Former President Donald Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled…
-
Motorcycles to cost more on 10 percent excise tax
•
Imported motorcycles costing Sh130,000 and above are set to become more expensive after National Treasury proposed raising customs duties on a two-tier system characterized by the current flat rate of Sh12,952 or a new proposed rate of 10 percent of unit value, whichever is higher. The proposal to introduce the…
-
Bank of England expects inflation to fall faster than previously predicted
•
The Bank of England now expects inflation to fall more quickly than previously expected, falling below the central bank’s 2 per cent target for an extended period. This forecast indicates the need for interest rates to fall faster than what financial markets are currently pricing in. According to the bank’s…
-
A $600 Billion Wall of Debt Looms Over Market’s Riskiest Stocks
•
Breadcrumb links BMN Business US small-cap stocks are as cheap as they have been in decades, but with a debt mountain of more than half a trillion dollars looming over the next five years, it will take a big risk-off signal from the Federal Reserve to attract investors. Article writer:…
-
Fiscal deficit widens beyond government’s target
•
Israel’s fiscal deficit continued to widen in April, reaching 7% of GDP over the past 12 months, or NIS 132.2 billion, according to Finance Ministry Accountant General Eli Rotenberg. Israel’s fiscal deficit continued to widen in April, reaching 7% of GDP over the past 12 months, or NIS 132.2 billion,…
-
Financiers fret over ‘leverage on leverage’ in private credit By Reuters
•
Written by Paritosh Bansal (Reuters) – For some elite financiers gathered in Los Angeles for a Milken Institute conference, excessive debt in private markets reminds them of the risk-taking days before the 2008 financial crisis. In the halls of the Beverly Hilton Hotel and in meetings across the city last…
-
2 Artificial Intelligence (AI) Stocks to Buy Now That Could Make You a Fortune
•
“AI requires much more computing power and capabilities than previously imagined.“ — Black stone CEO Stephen Schwarzman There is a gold rush in the field of artificial intelligence (AI). Companies that can provide the “picks and shovels” are more likely to realize wealth-building gains for their investors. This means the…
-
Entain eyeing former Rank chief Birch for CEO role (Pink Current Info:GMVHF)
•
Aksana Kavaluskaya Henry Birch, the former head of gaming operator The Rank Group (OTCPK:RANKF), is among the top contenders to become CEO of Entain Plc (OTCPK:GMVHF), the gaming company that owns the gambling brand Ladbrokes, Sky News reported Saturday. Birch, who directed Online retailer Fairy Group is among a small…
-
A record 4.1 million Americans may retire this year: Financial planners say they should take these 5 steps
•
The so-called silver tsunami of retirees is beginning to peak this year, with 4.1 million Americans turning 65 in 2024. While many are part of a mass exodus from the workforce, not all of them will retire: some can’t afford to retire. Retirement costs. Stopping Work There is also a…
-
Kamau Kiarie: Why image is everything
•
It’s my fault I didn’t ask Kamau Kyari if he still listened to the radio – a thought that reared its head again and again in our conversation. He says life at that time was refreshing. Its past is a museum that we visit often: people were more honest then.…
-
Natwest on track to exceed investment in women led businesses target: lending £1.5bn to date
•
NatWest Group announced today that it has now lent more than £1.5 billion to women-led businesses since 2021, and is on track to exceed its target of lending £2 billion by the end of 2025. This is a faster pace than expected, and shows the desire of successful women-owned businesses…
-
Some older Americans splurge to keep homes accessible while others struggle to make safety upgrades
•
Breadcrumb links BMN Business Article writer: Associated Press Ann Dinocentio Posted on May 11, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content NEW YORK (AP) — Brenda Edwards calls the four-bedroom ranch-style house…
-
Teva schizophrenia drug Phase III results excite analysts
•
Teva Pharmaceutical Industries Limited (New York Stock Exchange: Tifa; level: Tifa) saw its share price rise by 12.8% yesterday, amid high trading volume, to its highest level in five years. The stock price of $15.74 gave it a market value of $17.8 billion, after the company reported first-quarter results with…
-
Caliway to Present the Latest Clinical Advancements at 2024 BIO International Convention By Investing.com
•
new Taipei city, May 11, 2024 /PRNewswire/ — Calliway Biopharmaceuticals (Calliway) is pleased to announce its partnership to share the latest clinical developments in the upcoming 2024 year Vital International Convention on Wednesday, June 5in 11:45 AM PT. The presentation will take place at Theater show company 2 in San…
-
Should You Buy the Post-Earnings Dip?
•
Palantir stock (New York Stock Exchange: Beltr) decreased by about 16% after that First quarter earnings reportWhich got me thinking about whether this downturn represents a buying opportunity. Notably, Palantir demonstrated another quarter of strong revenue growth, promising customer base expansion, and strong profitability metrics. However, concerns remain about the…
-
Which 2023 vintage wines should you buy? A trip through Bordeaux’s vineyards
•
Last month, as Bordeaux was about to enter spring, I was enjoying silky wines from the 2023 vintage. Many of them were much better than I expected, especially after hearing so many tales of growing season difficulties from winemakers. Many seemed relieved to just get through the old phase without…