Category: News
-
Eli Azur wins battle for Tamar Petroleum board after NeoGames exit
•
Israeli businessman Eli Azor was busy last week with the success of the vote on the formation of the board of directors of Tamar Petroleum (TASE: TMRP). On Wall Street, Azur and his partners completed the sale of online gambling company NeoGames (Nasdaq: NGMS) to Australian gaming and betting company…
-
April US jobs report shows looser labor market, good news for Fed By Reuters
•
(Reuters) – U.S. job growth slowed more than expected in April and annual wage gains slowed, signs of a more resilient labor market that are good news for markets and the Federal Reserve, which will likely require more of these signals before shifting from higher policy to higher policy. Longer…
-
Dow jumps as Apple looks to jumpstart jobs day party
•
The Dow Jones led US stocks higher on Friday, as upbeat earnings from Apple lifted spirits awaiting the monthly jobs report, a crucial test of interest rate expectations. Dow Jones Industrial Average (^DJI) futures jumped 0.8%, or 320 points, while S&P 500 futures (^GSPC) rose 0.4%. Futures on the tech-heavy…
-
ForexLive European FX news wrap: Dollar lags in run up to US jobs report
•
High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
-
Uniti, Windstream agree to merger deal to expand fiber network (NASDAQ:UNIT)
•
to imagine Unity group (NASDAQ:UnitWindstream Holdings II LLC and Windstream Holdings II LLC have agreed to merge in a deal that will combine Uniti’s nationwide wholesale fiber network with Windstream’s fiber-to-the-home business, the companies said on Friday. Under the terms of the deal, Windstream shareholders will do so Receive $425…
-
Nippon Steel is putting off its $14.1bn takeover of U.S. Steel by 3 months
•
Nippon Steel said on Friday it has postponed the expected closing of its $14.1 billion takeover of US Steel by three months after the US Department of Justice requested more documents related to the deal. The deal, which has already been approved by US Steel shareholders, is still expected to…
-
Kenya taps Israeli loan for upgrade of air defence
•
Kenya is acquiring a high-tech missile defense system from Israel using a billion shillings loan from Tel Aviv amid growing security threats in the Gulf of Aden from Houthi rebels and Somalia’s Al-Shabaab. The missile barrier, called the Spyder Air Defense System, will be acquired from an Israeli company, Rafael…
-
McDonald’s Faces Profit Disappointment Amidst Cost-Conscious Consumers and Middle East Conflict
•
McDonald’s, the American fast food giant, finds itself facing profit setbacks, with CEO Chris Kempczinski stressing growing financial caution among consumers and the repercussions of the conflict in the Middle East on its global operations. In the latest quarter, McDonald’s reported modest 1.9 percent growth in comparable sales, below Wall…
-
Stock market today: Asian shares advance ahead of US jobs report
•
Breadcrumb links BMN Business Article writer: Associated Press Eileen Kurtenbach Published on May 3, 2024 • 3 minute read You can save this article by registering for free here. Or log in if you have an account. Article content Most Asian stocks rose on Friday ahead of a report on…
-
Int’l cos reluctant to bid for new TA light rail tenders
•
Exactly one year ago, the NTA Metropolitan Mass Transit System published a multi-billion-shekel tender to operate the green and purple light rail lines in the Tel Aviv metropolitan area, which should start before the end of the decade. The tender required cooperation between Israeli and foreign companies and there was…
-
Gold prices tread water as rate fears grow ahead of nonfarm payrolls By Investing.com
•
Investing.com — Gold prices moved slightly in Asian trade on Friday, as markets remained hesitant towards the yellow metal ahead of the release of key US jobs data, while the possibility of higher interest rates for a longer period puts gold on track for weekly losses. The yellow metal has…
-
Cloudflare Stock Tanks Following Q1 Results, Subpar Guidance
•
Cloudflare Stock Tanks After Q1 Results, Below-Average Guidance – Here’s Why Cloudflare Company (NYSE: NET) It announced its first-quarter financial results after the bell on Thursday. here the details. Cloudflare reported quarterly earnings of 16 cents per share, which beat analyst estimates of 13 cents by 23.08%. The company closed…
-
Weak diesel market adds to concerns about global oil demand (NYSEARCA:USO)
•
Slavko Sereda/iStock via Getty Images Crude oil futures ended little changed on Thursday, as a surprisingly large build in US inventories that raised concerns about demand and a potential ceasefire in the Middle East hampered any potential recovery from yesterday’s sharp losses. Dip in Global demand for diesel is also…
-
Berkshire board member blesses Buffett’s successor but warns—’he’s not going to be as entertaining as Warren and Charlie’
•
Everyone knows Warren Buffett The successor to the Legendary Investor will not be able to keep up with the Legendary Investor, however Berkshire Hathaway The company’s Board of Directors remains confident that Greg Appel is the right man to lead the group into the future. Ron Olson, a longtime Berkshire…
-
What will bring back retail investors to the bourse through IPOs
•
Someone should have advised President William Ruto that targeting ten IPOs in 12 months was not only a bad idea, but also gave the wrong signal. Was it a political ploy? Another misleading marketing attempt at privatization? Part of broader political marketing? Choose what you believe but it’s been 18…
-
Peter Davies from Lansdowne Partners, Guides Youth Parliament Chancellor
•
In a pioneering effort to instill financial literacy at an early age, veteran investor Peter Davies of Lansdowne Partners recently sat down with Aryan Shekhar, the 11-year-old Chancellor of the Exchequer, at Sir David Amis’s UK Children’s Parliament for primary school students. Accompanied by five other students from Westminster Under…
-
Oasis Security raises $35m, doubles valuation
•
Israeli startup Oasis securityA company developing a platform for securing non-human identities (NHIs) at an enterprise has announced the completion of a Series A extension in which it raised $35 million, double the valuation in its previous round held just months ago. The round was led by Accel, Cyberstarts, and…
-
Bill.com (NYSE:BILL) Reports Upbeat Q1, Provides Optimistic Full-Year Guidance By Stock Story
•
Billing and payment software maker Bill.com (NYSE:BILL) beat analysts’ expectations in the first quarter of fiscal 2024, with revenue rising 18.5% year-over-year to $323 million. Furthermore, revenue guidance for the upcoming quarter ($325 million at the midpoint) was surprisingly good and 3.3% higher than analysts had expected. It generated non-GAAP…
-
Warren Buffett Isn’t Worried About Berkshire After He Dies, Says ‘If I Die Tonight, I Think the Stock Would Go Up Tomorrow’
•
Warren Buffett isn’t worried about Berkshire after his death, says: ‘If I die tonight, I think the stock will go up tomorrow’ Warren Buffett, one of the most successful investors of all time, is still very powerful at 93 years old. However, he is not unaware of his eventual demise,…
-
Schrodinger gets rights to cancer drug candidate back from Bristol
•
koto_feja Bristol-Myers Squibb (New York Stock Exchange: BMI) Rights to its preclinical cancer drug candidate, an SOS1 inhibitor, have been returned to Schrödinger (Nasdaq:SDGR). Schrödinger noted that he had submitted a candidate for development, and Bristol was conducting IND-enabled studies on it. The two companies Their collaboration began in 2020,…