Category: sector
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Fox could shake up the sports betting sector with the activation of its FanDuel stake
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Wild Pixel A new player could be joining the sports betting industry in the near future, and that is Fox Corporation.NASDAQ: FOX) Chief Executive Lachlan Murdoch said the media giant is moving forward with plans to exercise its option to retain an 18.6% stake in sports betting. FanDuel Leader. In…
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Proof of Workforce and Careers In Government Partner to Integrate Bitcoin into Public Sector Jobs
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the Proof of establishment of the workforce (POWF) and Government job opportunities CIG has launched a strategic partnership aimed at integrating Bitcoin into public sector hiring practices, according to a press release sent to Bitcoin Magazine. The collaboration seeks to enhance financial security, attract talent, and foster innovation within the…
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Proof of Workforce and Careers In Government Partner to Integrate Bitcoin into Public Sector Jobs
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the Proof of establishment of the workforce (POWF) and Government job opportunities CIG has launched a strategic partnership aimed at integrating Bitcoin into public sector hiring practices, according to a press release sent to Bitcoin Magazine. The collaboration seeks to enhance financial security, attract talent, and foster innovation within the…
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Renault CEO says sector could face billions in fines as EV sales slow By Reuters
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PARIS (Reuters) – Europe’s car industry could face fines of up to 15 billion euros ($17.4 billion) over carbon emissions as demand for electric vehicles slows. Renault “The EPA’s chief executive, Luca de Meo, said on Saturday: Carmakers face tougher EU CO2 emissions targets in 2025 with the cap on…
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UK government launches AI training for civil servants to enhance public sector efficiency
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The UK government has launched nine new AI training courses for civil servants, aiming to boost digital skills and improve efficiency in the public sector. These courses, led by the Cabinet Office and Government Skills, aim to prepare civil servants for the increasing impact of AI on government operations. The…
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Dallas Fed services sector outlook index -7.7 vs -0.1 prior
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Dallas Fed Services Sector Expectations Index Previous was -0.1 Revenue Index +8.7 vs. +7.7 previously Employment +0.6 vs. -0.2 previously Company forecast -3.1 vs. +1.0 previously 6-month index +12.4 vs. +20.5 previously Comments in the report: Facilities I feel like a recession is going to hit the US. Storage and…
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U.K.’s PMIs Showed Solid Private Sector Expansion In August
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S&P Global’s August Purchasing Managers’ Index (PMI) reports reflected strong expansions in UK private sector activity, with manufacturing jumping to a 26-month high and services rising to a four-month high. The composite index measuring the manufacturing and services sectors was also in the spotlight as it reached its highest levels…
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Daily stock market review: mixed trends and sector performances highlight cautious investor sentiment
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Stock Heat Map from FinViz.com Friday, August 16, 2024 13:46:07 GMT Daily Stock Market Review: Mixed Trends, Sector Performance Highlight Cautious Investor Sentiment The US stock market today shows a diverse panorama, displaying a mix of trends and sentiment across different sectors. The heat map provides a clear glimpse into…
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Hard hats or party hats? Walmart earnings could shake up the retail sector (NYSE:WMT)
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Marvin Samuel Tolentino Pineda Walmart (New York:WMT) is heading into its earnings report on August 15 with high expectations after a 29% year-to-date surge. Consensus estimates from analysts are calling for Walmart (WMT) to report revenue of $167.3 billion, earnings per share of $0.65, and comparable sales growth in the…
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What ails Kenya’s mining sector
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Kenya’s mining sector has historically been a low-profile sector, known primarily to those working in the industry. However, recent civil unrest and growing calls from Generation Z for better governance have thrust the sector into the spotlight, exposing the vast mineral wealth beneath our feet. This new interest is not…
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Kenya’s private sector activity in sharpest fall in 39 months on GenZ protests
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Kenya’s private sector activity fell by the most in more than three years in July as deadly social unrest disrupted businesses. Business conditions such as output, new orders and employment in July deteriorated at the fastest rate from June since April 2021 when the world was grappling with the shocks…
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Reeves scraps winter fuel payments for 10M pensioners to fund public sector pay rise
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Rachel Reeves will scrap winter fuel payments for 10 million pensioners to help fund huge public sector pay rises. The Chancellor has announced plans to save £5.5bn this year, addressing a £22bn deficit in the public finances left by the previous government. Most of the savings will be used to…
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US stocks mostly higher; tech sector gains ahead of Powell’s testimony By Investing.com
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U.S. stocks rose slightly on Tuesday as growing expectations of a September interest rate cut kept the technology sector strong ahead of testimony from Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index was down 40 points, or 0.1%, at 09:35 ET (13:35 GMT), while the Dow Jones Industrial Average…
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US stocks mostly higher; tech sector gains ahead of Powell’s testimony By Investing.com
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U.S. stocks rose slightly on Tuesday as growing expectations of a September interest rate cut kept the technology sector strong ahead of testimony from Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index was down 40 points, or 0.1%, at 09:35 ET (13:35 GMT), while the Dow Jones Industrial Average…
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Big real estate stocks kick off H2 with loss as state of the sector weighs on sentiment
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ArLawKa AungTun/iStock via Getty Images Large real estate stocks started the second half of 2024 with a marginal weekly loss despite optimism surrounding interest rate cuts, as the state of the sector weighed on sentiment. S&P 500 Index Advanced 1.95% From last week, with Labor market data supports the case…
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Southern Co. maintains stock target, Sector Outperform on new CTES system By Investing.com
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On Tuesday, Scotiabank reiterated its outperform rating on Southern Company (NYSE: ), with a $77.00 price target on the stock. The confirmation comes after a meeting with the company’s Advanced Power Systems R&D team, which unveiled a new concrete thermal energy storage (CTES) system at Alabama Power’s Gaston plant. The…
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What SMEs should look for to get a fair deal from public sector framework providers
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I was very interested to see Labour’s pledge to support the cause of small and medium-sized enterprises in Britain. As the frontrunner in the election, at least according to opinion polls, it could signal new opportunities for economic growth. On public sector contracts, there will be a guaranteed shortlist for…
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S&P, Nasdaq end lower as Nvidia drags the tech sector for second day By Reuters
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Written by Echo Wang (Reuters) – The indexes and the Nasdaq closed slightly lower on Friday, dragged down by a decline in Nvidia (NASDAQ:) shares for the second day in a row, dragging the technology sector lower. Technology was the biggest loser among the 11 major sectors in the Standard…
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Can the rise in re-commerce help create a more sustainable retail sector?
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Shopping habits are changing. Consumers are increasingly choosing to buy or rent used items rather than new. Digital marketplaces are making this easier, with 80% of refurbished goods now purchased online. The trend is set to grow, with 44% of people saying they are buying more second-hand items, and Barclaycard…
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Major world economies seeking to stop new private sector coal financing – Reuters
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keni1/iStock via Getty Images Reuters reported this week that some of the world’s major economies want to finalize a plan before this year’s UN COP29 climate summit in November to halt new private sector financing for coal projects. If the draft proposal is approved by The OECD would be the…