Category: News
-
BlackRock reports first outflows as Bitcoin ETFs shrink 20% since March
•
The 10 U.S. Bitcoin ETFs Continue to Crash. On Wednesday, outflows from all ETFs were recorded for the first time, piling up the largest losses since trading began in January, with $563.7 million exiting funds, according to CoinGlass data. The latest numbers have been declining for about two months. In…
-
Okiya Omtatah in court to cut mobile connection charges
•
Busia Senator Okiya Umtatah has moved to court seeking to overturn the Mobile Termination Rates (MTR) set by the Kenya Communications Authority (CA) last November, arguing that they are arbitrary and the highest in the region. The regulator set the mid-term price at Sh0.41 per minute on November 17, 2023,…
-
UK House Prices Decline for Second Consecutive Month Amidst Rising Mortgage Rates
•
UK house prices fell significantly in April, recording the biggest fall since last summer, as rising mortgage interest rates restricted the purchasing power of potential buyers. According to Nationwide Bank, the main lending bank, house prices fell by 0.4 per cent last month, marking the second consecutive monthly decline and…
-
S&P 500 companies report bumper earnings but stocks not rewarded
•
Breadcrumb links Investor 79% of S&P 500 companies beat earnings expectations, but stock recovery did not materialize Article writer: Bloomberg News Sagarika Jaisinghani and Natalia Knyazevic Published on May 2, 2024 • Last updated 8 minutes ago • 3 minutes read You can save this article by registering for free…
-
Turkey bans exports of all goods to Israeli ports
•
Although no official statement was issued, Turkish ports have already begun to respond to instructions prohibiting the export of goods to the ports of Haifa and Ashdod in Israel, sources familiar with the matter told Globes. Meanwhile, Israeli goods arriving at Turkish ports are not allowed to unload their cargo.…
-
Consolidated Water Sets First Quarter 2024 Investor Conference Call for Thursday, May 16, 2024 at 11:00 a.m. ET By Investing.com
•
GEORGE TOWN, Cayman Islands, May 02, 2024 (GLOBE NEWSWIRE) — Consolidated Water Co. Ltd. (:CWCO), a leading developer and operator of advanced water supply and treatment plants, held a conference call on Thursday, May 16, 2024 at 11:00 a.m. ET to discuss results for the first quarter ending March 31,…
-
US Stock Futures Gain as Rates Relief Sets In: Markets Wrap
•
(Bloomberg) — U.S. stock futures rose as traders took comfort from the Federal Reserve’s signal there is no plan to raise interest rates and looked forward to Apple Inc.’s upcoming earnings. Most read from Bloomberg S&P 500 futures rose 0.7%, with Apple and Amazon.com Inc. Nvidia Corp. gains small in…
-
Quanta Services Non-GAAP EPS of $1.41 beats by $0.12, revenue of $5.03B beats by $90M (NYSE:PWR)
•
Quanta Services press release (New York Stock Exchange: BWR): Non-GAAP Q1 EPS of $1.41 It outperforms by $0.12. Revenue $5.03 billion (+13.5% YoY) It exceeds $90 million. The remaining performance obligations are $14.9 billion and the total backlog is $29.9 billion For the full year ending December 31, 2024, Quanta…
-
Denmark’s Novo Nordisk expects 27% sales surge this year but faces price pressure for weight loss drug Wegovy amid Eli Lilly competition
•
Novo Nordisk A/S raised its earnings forecast as the drugmaker now ships five times more introductory doses of the weight-loss drug Wegovy in the US than at the end of last year. More than 25,000 patients are now starting treatment each week in the United States, CEO Lars Frørgaard Jørgensen…
-
Treasury slashes budget by Sh267bn on revenue shortfall
•
The Treasury has cut the 2024/25 budget by Sh267.5 billion to reflect the reality of weak revenues amid ballooning public debt. Total spending and net lending for the financial year starting July 1 is now estimated at Sh3.92 trillion, down from the previous forecast of Sh4.188 trillion. The lower budget…
-
Amazon’s Profits Surge in Q1 2024, Driven by AI and Advertising Sales
•
Amazon continues its impressive streak of earnings reports, revealing elevated profits for the first quarter of 2024, supported by strong performance in artificial intelligence and ad sales. The e-commerce giant reported a remarkable total revenue of $143.3 billion in the first three months of the year, representing a 13% increase…
-
Sex offender asks Norway’s Supreme Court to declare social media access is a human right
•
Breadcrumb links BMN Business Article writer: Associated Press Mark Lewis Published on May 2, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content STAVANGER, Norway (AP) — A convicted sex offender is asking Norway’s…
-
Deal or no deal with Hamas – the economic fallout
•
The ongoing conflict between Israel and Hamas in the Gaza Strip and the complex situation on Israel’s northern border means that the Israeli economy faces a great deal of uncertainty, which can be expressed in several metrics. For example, the direct confrontation between Israel and Iran contributed to the weakening…
-
Standard Chartered Q1 profit rises 5.5%, beats estimates By Reuters
•
HONG KONG/LONDON (Reuters) – Standard Chartered on Thursday reported a 5.5 percent rise in first-quarter pre-tax profit, beating estimates, as higher interest rates boosted the emerging markets-focused bank’s profits. Standard Chartered, which generates most of its revenue in Asia, said its pre-tax profit in the quarter was $1.91 billion. That…
-
Jerome Powell Offered Markets a Reprieve. It Vanished in a Blink
•
(Bloomberg) — Wall Street traders cheered Wednesday when Federal Reserve Chair Jerome Powell signaled he doesn’t expect imminent interest rate hikes despite inflationary pressures. The celebration did not last long. Most read from Bloomberg Briefly, US stocks rose to unleash their biggest post-policy meeting rally since December, while Treasury yields…
-
ForexLive Asia-Pacific FX news wrap: Massive swings for USD/JPY – intervention then bounce
•
USD/JPY as it happened: last: The USD/JPY pair was holding near 157.50 after the US market closed on Wednesday afternoon before interventionary selling hit it hard. It fell from 157.50 dramatically after a large number in very liquid trading over the course of about 20 minutes before finally bouncing from…
-
Oil prices tumble to seven-week lows on surprise build in U.S. crude stocks (NYSEARCA:USO)
•
Slavko Sereda/iStock via Getty Images Crude oil futures fell to their lowest levels in seven weeks on Wednesday after US data showed a sudden and sharp weekly increase in crude oil inventories, as exports fell and refineries reduced their capacity use. The US Energy Information Administration reported Crude oil stocks…
-
Biological sex sleep differences: Insomnia in women, apnea in men
•
Women and men sleep differently, so their sleep disorders should not be treated in the same way, suggests new research exploring the biological sex characteristics of sleep. Men are more likely to develop obstructive sleep apnea, while women are more likely to develop insomnia and report poor sleep quality. These…
-
138,000 herders register for livestock insurance
•
The World Bank-supported livestock insurance program for Kenyan farmers has enrolled more than 138,000 herders, highlighting the growing popularity of the scheme. The Ministry of Agriculture and Livestock Development revealed the figures on Wednesday, adding that farmers benefited from benefits worth more than Sh2.7 billion in claims payouts and government…
-
Mulberry Faces Sales Decline Amidst Luxury Market Slowdown
•
Mulberry, the British luxury brand known for its exquisite leather handbags, faced a 4% decline in annual sales, reflecting broader trends of lower spending among affluent consumers. Despite growth in international markets, particularly in the US, the company faces challenges in the UK and Asia, reflecting the prevailing decline in…