Category: News
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Perseus Appoints Additional Non-Executive Director
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Published on May 1, 2024 • 4 minutes…
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Competition Authority summons Victory CEO to hearing
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Eyal Ravid, owner and CEO of the department store chain, allegedly made public statements about price hikes in violation of competition law. The Israel Competition Authority has summoned CEO and owner of the Victory department store chain (TASE: VCTR) Eyal Ravid for a pre-charge hearing on suspicion of making public…
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Angi Inc. CTO Kulesh Shanmugasundaram sells shares worth over $25k By Investing.com
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(NASDAQ:ANGI) Chief Technology Officer Kulesh Shanmugasundaram recently sold a total of 11,748 shares of the company’s Class A common stock, according to a new filing with the Securities and Exchange Commission. The transaction, which executed on May 1, 2024, was worth more than $25,023, with the shares sold at an…
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Stocks rally after Fed decision as Powell soothes rate nerves
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I’ve always been very critical of Starbucks (SBUX). I remember working for the company as a stock analyst and spending weeks inside its stores studying the workflow in each department. It was an extreme exercise that won me no fans among Starbucks management (especially with former CEO Howard Schultz), but…
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Tesla pulls back on gigacasting ambitions as cost-cutting measures continue (NASDAQ:TSLA)
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Editorial jetcityimage/iStock via Getty Images Implications of the shift in strategy at Tesla (Nasdaq: Tesla) still feels. Following news that Tesla (TSLA) is laying off its Supercharger team, the Austin-based company is now reportedly backing away from plans to manufacture high-volume Gigacasts. sources He told Reuters that Tesla (TSLA) will…
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Bitcoin tumbles below $57,000 on day of Fed meeting
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Bitcoin appears to be on a path that contradicts the bullish outlook many investors had after the network halving on April 19. The coin fell 11% in the last day, trading at $56,889 on Wednesday afternoon, according to CoinGecko data. The cryptocurrency was trading at around $64,000 on the halving…
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Brexit Checks Could Inflate UK Food Import Costs by Up to 60%, Warn Importers
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UK food importers are sounding the alarm over post-Brexit checks, warning of potential cost increases of up to 60%, which could lead to higher prices for consumers and pose existential threats to some businesses. After five previous delays, the UK government implemented physical checks on animal and plant products coming…
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Binance founder Changpeng Zhao gets four months in prison
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Breadcrumb links News finance Cryptocurrency It allowed cybercriminals and terrorist groups to trade on the world’s largest cryptocurrency exchange Article writer: Bloomberg News Ava penny morrison Published on May 1, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you…
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8,000 Palestinians furtively employed in Israeli construction
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A high-ranking source in the Israeli construction industry insists that some 8,000 Palestinian workers from Judea and Samaria have recently, “secretly,” as he puts it, obtained permission to enter Israel and are already working on construction sites across the country and that another 8,000 are currently working. He is expected…
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Morgan Stanley ups Restaurant Brands International shares target on consistent performance By Investing.com
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On Wednesday, Morgan Stanley revised its outlook on Restaurant Brands International (NYSE:) shares, increasing the price target to $86 from $85 previously while maintaining an equal weight rating. The company cited modest and consistent performance across the company’s business segments, both in the top and bottom lines. Restaurant Brands International,…
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NYCB CEO predicts a ‘clear path to profitability’ after disclosing first-quarter loss
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Struggling regional lender New York Community Bancorp (NYCB) lost $327 million in the first quarter, but its shares rose in pre-market trading as its new CEO outlined a “clear path to profitability over the next two years.” The net loss was due in part to increased provisions for future loan…
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Yum! Brands slides after reporting rare drop in same-store sales (NYSE:YUM)
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Thirty_Three/iStock Unreleased via Getty Images Yum! Trademarks (New York Stock Exchange: Yum) reported a 3% decline in same-store sales in the first quarter, well below consensus expectations for a 1.0% rise. The decline in same-store sales from Yum! (YUM) was first since 2020. OR Note that the fast food operator’s…
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Deliveroo driver bit off customer’s thumb—now U.K. government cracks down on account sharing
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Delivery apps Deliveroo, Uber Eats and JustEat have agreed to introduce enhanced immigration checks on people working as riders on their app after pressure from the UK government. The three platforms will increase their number Right to Work Checks After increased scrutiny of account sharing practices, leading to high-profile incidents,…
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Kenyattas, Equity CEO top in Sh63bn bank dividends
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The families of Jomo Kenyatta, former Central Bank of Kenya Governor Philip Ndegwa, I&M Bank founder Suresh Shah and Equity Group CEO James Mwangi are among the biggest beneficiaries of the total Sh63.1 billion dividends to be paid by Kenya’s listed banks. The Kenyatta family, which owns a 13.2 per…
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Eurozone’s First-Quarter Growth Offers Respite from ‘Stagflation’ Concerns
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The euro zone is witnessing a remarkable surge in economic growth during the first quarter of 2024, recording its fastest pace in two years and dispelling fears of “stagflation” looming in the region. Output within the single currency area expanded by 0.3 percent in the first three months of the…
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Workers and activists across Asia hold May Day rallies to call for greater labor rights
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Breadcrumb links BMN Business Article writer: Associated Press Hyung Jin Kim Published on May 1, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content SEOUL, South Korea (AP) — Workers, activists and others in…
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Nvidia’s Israel AI spending spree has downside
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Nvidia Corp, the AI chip giant, is currently making one of its biggest moves in the past year by completing the acquisition of two Israeli companies for a total of $1 billion. The two startups Run: You have And So there you have it They are considered two of the…
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Iterum resubmits NDA for new uUTI antibiotic By Investing.com
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DUBLIN – Iterum Therapeutics plc (NASDAQ:), a clinical-stage pharmaceutical company, announced today the resubmission of its New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for the oral antibiotic sulopenem etzadroxil/probenecid, intended for the treatment of uncomplicated urinary tract infections (uUTIs) in adult women. This resubmission marks…
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S&P 500 Falls 1% at End of Worst Month in 2024: Markets Wrap
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(Bloomberg) — The stock market got hit after the latest batch of economic data showed a plunge in consumer confidence and persistent wage pressures in the run-up to the Federal Reserve decision. Most Read from Bloomberg Equities remained on pace for their worst month since September on speculation the Fed…
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DB lists 7 themes keeping it ‘awake at night’ despite soft landing hopes buoying stocks
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Michael M. Santiago/Getty Images News Deutsche Bank has seven themes it said are keeping it “awake at night” although growing optimism for a soft landing for the U.S. economy has helped keep stocks move higher in recent months. The S&P 500 (SP500) (VOO) (IVV) may settle in the red for…