Category: News
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Hospital Landlord MPT Seeks Control of California Entities
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(Bloomberg) — Medical Properties Trust Inc., one of the largest U.S. hospital owners, moved to take control of three Southern California health care entities after the owner — Prospect Medical Holdings — was accused of defaulting on debt. Most read from Bloomberg MPT has requested the resignation of board members…
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Quiet Capital raises $377 million for new fund: Filing
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As the tech industry grows more optimistic about startup exit prospects thawing, one investment firm appears to be building a war chest of dry powder. San Francisco-based Quiet Capital has raised $377 million for a third fund, according to A Deposit With the Securities and Exchange Commission last week. Quiet…
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Mulberry cuts 85 jobs as sales fall 19% amid global luxury downturn
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Luxury fashion brand Mulberry has announced a significant restructuring plan after announcing a 19% drop in group revenues to £56.1 million for the six months to September 28. Newly appointed CEO Andrea Baldo revealed 85 jobs – nearly a quarter of the company’s 350-person workforce – were being cut as…
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Mulberry cuts 85 jobs as sales fall 19% amid global luxury downturn
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Luxury fashion brand Mulberry has announced a significant restructuring plan after announcing a 19% drop in group revenues to £56.1 million for the six months to September 28. Newly appointed CEO Andrea Baldo revealed 85 jobs – nearly a quarter of the company’s 350-person workforce – were being cut as…
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Histadrut and Treasury reach agreement on public sector pay
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The Israeli Ministry of Finance and the Histadrut trade union movement have reached a final agreement on a package of economic measures that will be part of the 2025 state budget. The most important part of the agreement concerns public sector salaries for hundreds of thousands of employees. Instead of…
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Nvidia stock rises on AI spending, chip deal ahead of earnings
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Nvidia (NVDA) stock rose more than 4% on Tuesday following bullish remarks from Wall Street analysts who pointed to strong demand for chips ahead of its earnings report scheduled Wednesday afternoon. In a client note this week, Stifel analyst Robin Roy raised his price target on Nvidia to $180 from…
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A mystery buyer is secretly snapping up condos in a 22-story tower flanked by billionaire Ken Griffin’s empire
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Citadel CEO Ken Griffin owns a four-acre project in Miami’s financial district. On it are three parcels that he is said to have spent $669.5 million on. On one lot, he is building a 54-story glass tower Headquarters For his investment company. It is supposed to combine offices, a hotel…
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A mystery buyer is secretly snapping up condos in a 22-story tower flanked by billionaire Ken Griffin’s empire
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Citadel CEO Ken Griffin owns a four-acre project in Miami’s financial district. On it are three parcels that he is said to have spent $669.5 million on. On one lot, he is building a 54-story glass tower Headquarters For his investment company. It is supposed to combine offices, a hotel…
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Bailey warns employer tax hikes may delay interest rate cuts
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Bank of England Governor Andrew Bailey has warned that the recent increase in employers’ National Insurance contributions could create uncertainty about future interest rate cuts. Addressing MPs on the Treasury Select Committee, Bailey noted that although inflation had fallen faster than expected – prompting the Monetary Policy Committee (MPC) to…
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Israeli co Canada Global buys Miami real estate for $116m
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Income-producing Israeli real estate company Canada Global (TASE: CNGL), controlled by Israel Canada (TASE: ISCN) controlling shareholders Assaf Toshmir and Barak Rosen (60%), informed the Tel Aviv Stock Exchange (TASE) this morning that it has purchased an office complex in Miami for $116. Million dollars. Investors in Canada Global include…
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Super Micro stock surges after company files plan to avoid Nasdaq delisting
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Super Micro Computer (SMCI) stock rose more than 20% in early trading Tuesday after the artificial intelligence server maker Submitted a compliance plan to the SEC late Monday to avoid delisting from Nasdaq. The company – which partners with Nvidia (NVDA) to power high-tech servers with its AI chips –…
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Stablecoin company Noble raises $15 million in Series A from Paradigm
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As stablecoins like Tether and Circle’s USDC grow in popularity, more companies are rushing to offer their own versions. This includes Ripple, Revolut and Robinhood, which are said to be planning to offer their own version of digital tokens, which are designed to maintain a fixed peg to a fiat…
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Stablecoin company Noble raises $15 million in Series A from Paradigm
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As stablecoins like Tether and Circle’s USDC grow in popularity, more companies are rushing to offer their own versions. This includes Ripple, Revolut and Robinhood, which are said to be planning to offer their own version of digital tokens, which are designed to maintain a fixed peg to a fiat…
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Exchange-traded fund flows smash full-year record
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Breadcrumb links Financial Times wealth The $1.4 trillion pumped into global ETFs in the first 10 months of the year exceeds the $1.33 trillion raised in all of 2021. Article writer: Financial Times Steve Johnson Posted on November 13, 2024 • 4 minutes read You can save this article by…
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Alliance Tires faces layoffs, closure
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Alliance Tires in Hedera, owned since 2016 by Japan’s Yokohama Rubber Company, is poised for a major wave of layoffs and could even close, 75 years after its founding, Globes has learned. The owner is looking for cheaper production alternatives and lower shipping costs, with most of the production being…
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Alliance Tires faces layoffs, closure
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Alliance Tires in Hedera, owned since 2016 by Japan’s Yokohama Rubber Company, is poised for a major wave of layoffs and could even close, 75 years after its founding, Globes has learned. The owner is looking for cheaper production alternatives and lower shipping costs, with most of the production being…
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Dow, S&P 500, Nasdaq trade mixed as inflation print keeps Fed rate cut on track
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US stocks were mixed in early trading on Wednesday, as investors weighed new consumer inflation data that looked set to keep the Federal Reserve on track to cut interest rates again next month. The Dow Jones Industrial Average (^DJI) rose about 0.1%, after falling sharply after stocks closed lower across…
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Here are the major earnings after the close today
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November. November 13, 2024 at 10:00 AM ETSaid, CSCO, CIGHP, KLIC, EC, BZH, TTEK, SMSI, DGII, WYY, DRRX, IDN, PVCT, SB, HI, OMER, BDORY, BRFS, AOIFF, AGRO, AEMD, VXRT, TLPH, OTRK, CAPR, ADAP, BOXL , AYTU, GRYP, ECOR, BNGO, SONO, HROW, GOEV, DADA, GWH, SPRU, DLO, NLCP, NUby: Deepa Sarvaiah,…
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IMF’s Gita Gopinath discusses inflation and Trump’s election
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Good morning! South Dakota Governor Kristi Noem will take over as Secretary of Homeland Security, 23andMe is cutting 40% of its workforce, and the International Monetary Fund’s Gita Gopinath sees the much-discussed disconnect between the US economy and the way people feel about it. -Econ 101. Inflation has been a…
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IMF’s Gita Gopinath discusses inflation and Trump’s election
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Good morning! South Dakota Governor Kristi Noem will take over as Secretary of Homeland Security, 23andMe is cutting 40% of its workforce, and the International Monetary Fund’s Gita Gopinath sees the much-discussed disconnect between the US economy and the way people feel about it. -Econ 101. Inflation has been a…