Category: News
-
UR-Energy stock price target cut on first quarter performance By Investing.com
•
On Wednesday, HC Wainwright revised its price target on shares of UR-Energy (NYSE:), a uranium mining company, to $3.30 from $3.40 previously, while maintaining a Buy rating on the stock. This change comes in the wake of the recent disclosure of the company’s financial performance for the first quarter of…
-
Why Shopify Stock Tumbled Today
•
shares Shopify (NYSE: STORE) The company caught fire today after the pricey e-commerce stock posted strong first-quarter results, beating estimates, but investors dismissed its second-quarter outlook. As a result, the stock was down 19.8% as of 10:39 a.m. ET on Wednesday. Image source: Getty Images. Shopify comes up short The…
-
ServiceNow collabs with IBM, Microsoft to combine GenAI capabilities
•
Miscellaneous Photography/iStock Editorial via Getty Images Service Now (New York Stock Exchange: Now) Announced new collaborations in the field of generative artificial intelligence with Microsoft (NASDAQ:MSFT) and IBM (New York Stock Exchange: IBM) on Wednesday at the Knowledge 2024 Conference in Las Vegas. ServiceNow is integrating IBM’s Watsonx into its…
-
Sweden breaks tradition to cut interest rates before the Fed but will it pay off?
•
Sweden took the bold step of cutting interest rates, which surprised some analysts and marked a new phase in global monetary policy that could accelerate economic expansion or return countries including the United States to a more cautious approach. Riksbank Moved in Thursday morning He cut the base interest rate…
-
DTB to pick CEO for Kenya in reorganisation
•
Diamond Trust Bank (DTB) will select a CEO for its Kenya operations for the first time in a new management structure that will leave group managing director Nissim Devji in charge of all subsidiaries. This will mark a shift from the current structure where Ms Devji, who has led DTB…
-
ECB’s Wunsch Warns That Risks to Inflation Outlook Persist
•
Breadcrumb links BMN Business ECB Governing Council member Pierre Funche still sees risks to consumer prices – including a weakening of the euro if monetary policy deviates too far from the US. Article writer: Bloomberg News Mark Schruers Published on May 8, 2024 • 2 min read You can save…
-
Teva loss narrows as revenue grows
•
With the recovery of the generic drug market in the United States Teva Pharmaceutical Industries Limited (New York Stock Exchange: Tifa; level: Tifa) It ended the first quarter of 2024 with revenues of $3.81 billion, an increase of 4.3% from the first quarter of 2023, and above analysts’ expectations of…
-
Russian court says US soldier charged with theft causing ‘significant’ damage By Reuters
•
MOSCOW (Reuters) – U.S. soldier Gordon Black, detained in the Russian city of Vladivostok until July 2, is accused of theft and causing serious damage, a Russian court said. The detention of Black, who the Pentagon said traveled to Russia without authorization, represents another diplomatic headache for the United States,…
-
The meme stock surge doesn’t appear to be the ominous signal it has been
•
This is the takeaway from today’s morning briefing, and what you can do subscription Received in your inbox every morning with: Meme stocks are making headlines again. Household names that captured investors’ imaginations in 2021 — like GameStop (GME) and AMC Entertainment (AMC) — are rising higher (and lower in…
-
Royal Caribbean to hire thousands to keep up with record cruise demand – report
•
Solar737/iStock Editorial via Getty Images Royal Caribbean (New York Stock Exchange: RCLThe company is in talks with tourism boards and port operators around the world to hire thousands of people as it faces record demand for cruises, Reuters reported. The cruise operator plans to hire about 10,000 workers this year…
-
London has 227,000 millionaires: More than Paris, but less than New York, and the figure is dropping
•
The streets of London may not be paved with gold, but there is clearly still a lot of it around. One in 39 Londoners – or 227,000 people out of a population of 8.8 million – has at least $1 million in investable liquid wealth. According to to Report of…
-
SEZ companies get Sh1.9bn tax incentives in nine years
•
Companies operating in Kenya’s Special Economic Zones (SEZ) have been exempted from paying Sh1.98 billion in taxes and other fees in the nine years to 2023, Parliament has been told. Incentives include protection from corporate tax, withholding taxes, and value-added tax, and are offered to developers and companies in special…
-
Car Industry Urges UK Government Action to Boost Waning Electric Vehicle Demand
•
Carmakers are sounding the alarm about slowing demand for electric cars among private buyers in the UK, leading to urgent calls for government intervention to reignite interest in battery-powered cars. Although overall UK vehicle registrations increased by 1% year-on-year to 134,000 in April, driven by fleet sales, sales to private…
-
Akamai to buy Israeli API security co Noname for $450m
•
US company Akamai Technologies (Nasdaq: AKAM) announced that it has entered into a definitive agreement to acquire an Israeli application programming interface (API) security company. Security without a name. Akamai will pay $450 million for Noname, 55% less than the $1 billion valuation it received in its last funding round…
-
US paused shipment of weapons to Israel to head off Rafah invasion-official By Reuters
•
Written by Mike Stone, Steve Holland and Phil Stewart WASHINGTON (Reuters) – The administration of US President Joe Biden halted an arms shipment to Israel last week in objection to apparent moves by the Israelis to invade the city of Rafah in the southern Gaza Strip, a senior US administration…
-
Stocks are primed to tumble into a bear market as bullish investors have driven equities to 1929 extremes, famed fund manager says
•
A trader works on the floor at the New York Stock Exchange in New York City, US, March 5, 2020.Andrew Kelly – Reuters The stock market looks poised to fall from its highs, said legendary investor John Housman. The stock market reflects the volatility that preceded the 1929 crash, Housman…
-
Biden administration set to resume purchases for Strategic Petroleum Reserve
•
Slavko Sereda/iStock via Getty Images Crude oil futures fell slightly on Tuesday after news reports said Russian Deputy Prime Minister Alexander Novak indicated that OPEC+ may increase production if market conditions warrant it, in addition to other signs of easing supply concerns. “It always depends “The current situation and the…
-
What’s a death doula? | Fortune Well
•
Erin Collins is an end-of-life doula in Oregon — someone who, as part of a growing field, guides another person through their dying journey. I recently worked with a 91-year-old man who had Parkinson’s disease and dementia and was concerned about how long it might take for him to die.…
-
Call for targeted fertiliser and soil health strategy to unlock the continent’s agricultural potential
•
Estimates indicate that the cost of land degradation due to poor soil health ranges between $850 and $1,400 per year per person, with a global cost of between $6.3 and $10.6 trillion annually. Reduced soil fertility not only reduces crop productivity, but also exacerbates the impacts of climate change by…
-
We should be in a stand-off with China, says Iain Duncan Smith
•
The UK should impose economic sanctions on China, after claims the country hacked the Ministry of Defence, a senior Conservative MP, Sir Iain Duncan Smith, has said. Sir Ian said he believed there was conflict within Whitehall over how to deal with China, but warned that the country’s purpose was…