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By Svea Herbst-Bayliss (Reuters) - AREX Capital Management has secured enough support from Enhabit shareholders to win one seat on the home health and hospice provider's board of directors, people familiar with the matter said on Thursday. Investor votes are still being counted before Enhabit's annual meeting of shareholders on Thursday morning. AREX nominated seven
Gold prices fall 5% from July 17 peak of $2,483 to $2,364. US Q2 GDP beats expectations, strengthening the US Dollar and impacting gold. Market certainty grows for a Fed rate cut in September as Treasury yields decline. Gold price tumbled to a two-week low on Thursday after the US Bureau of Economic Analysis reported
By Ankika Biswas and Lisa Pauline Mattackal (Reuters) - Wall Street's main indexes rose on Thursday, with the Nasdaq and the S&P reversing early losses while the Dow and small-cap stocks outperformed, as stronger-than-expected GDP data provided some relief after the previous session's tech mauling. The small-cap jumped 2% and was on track to fully
By Brad Brooks (Reuters) -Two former Texas school police officers have pleaded not guilty to charges related to the 2022 shooting at Robb Elementary School in Uvalde that killed 19 students and two teachers. Adrian Gonzales entered a plea of not guilty to 29 counts of child endangerment during an arraignment on Thursday, according to
Investing.com-- Most Asian stocks rose on Friday as heavyweight technology shares steadied from several sessions of steep declines, although regional indexes were still set for deep weekly losses. Regional stocks took middling cues from a mostly negative overnight session on Wall Street, where major technology stocks continued to fall after a couple of underwhelming earnings
NEW YORK - Raytheon Technologies (NYSE:) saw its shares rise 2.2% as the company released a robust forecast for the full year 2024, surpassing analyst expectations. The aerospace and defense company reported second-quarter earnings per share (EPS) of $1.41, which was $0.12 higher than the analyst estimate of $1.29. Revenue for the quarter reached $19.8
LONDON (Reuters) - Hedge fund Man Group posted a rise in assets under management to a record $178.2 billion in the six months to end-June, beating analyst expectations, with the company citing growth in its liquid credit strategies and U.S. direct lending proceeding in line with expectations This marked an increase of 17.5% from the
Executives at Metaplanet and Semler Scientific say MicroStrategy’s Bitcoin playbook inspired them to follow suit and emerge from “zombie” status this y— while their share prices have soared.“We were hearing Michael Saylor talk about zombie companies, and we realized we were probably one of those companies because we were not getting any love in the
(Reuters) -Anglo-Swedish drugmaker AstraZeneca (NASDAQ:) on Thursday raised its sales and profit forecast for 2024 and topped analyst expectations for second-quarter revenue, buoyed by demand for its therapies for cancer and rare diseases. Sales in the company's top business, oncology, grew 19% at constant currency rates to $5.33 billion and accounted for 41% of the
(Reuters) - Tesla (NASDAQ:) shares slid 8% in U.S. pre-market trades on Wednesday after the electric vehicle maker's profit margin fell to a five-year low, raising the urgency of making lower-priced vehicles to power sales rather than relying on price cuts. Tesla's price cuts and incentives to drum up sales in a toughly contested market
By Echo Wang NEW YORK (Reuters) - Lineage, the world's largest operator of cold-storage warehouses, raised $4.45 billion in its U.S. initial public offering, setting it up for the biggest stock market debut globally this year, two people familiar with the matter said on Wednesday. The Novi, Michigan-headquarted company priced just under 57 million shares
Gold touches $2,432, then stabilizes under $2,400, pressured by US 10-year yields at 4.274%. FedWatch Tool forecasts 100% chance of a 25 bps rate cut in September, bolstering gold. India slashes import tax on precious metals, spurring demand; key US GDP, PCE data due Thursday. Gold price is virtually unchanged late in the North American
By Rishav Chatterjee (Reuters) -ANZ Group said on Thursday that its investigations into bond sales that are the subject of a regulatory probe have so far found errors in data reporting but no evidence of market manipulation. Australia's fourth-biggest bank by assets has said it will "get to the bottom" of any irregularities in its
Bitcoin-based rewards app Fold has announced plans to launch as a publicly traded company on the Nasdaq at an implied valuation of $365 million. Fold inked an agreement to go public by way of a business combination deal with special purpose acquisition company (SPAC) FTAC Emerald Acquisition, according to a July 24 statement.Unlike a traditional IPO
By Michelle Conlin and Matt Tracy NEW YORK (Reuters) -Shares of commercial real estate finance company Blackstone Mortgage (NYSE:) Trust fell 10% on Wednesday as the firm cut its dividend 24%, facing continued strains from vacant offices. It is the latest sign of mounting woes in commercial real estate. Analysts are predicting more weakness for
Germany, like many other nations, has recognized retail trading, including profits from Forex trading, as taxable. German residents must understand and declare their trading profits on their tax returns. This article covers key areas of German taxation for trading, including:The tax rates for Forex trading income in GermanyTax benefits and exemptions in GermanyTaxation tips for
By Dawn Chmielewski ANAHEIM, California (Reuters) - Unions representing 14,000 Disneyland employees said on Wednesday they had reached a tentative labor agreement with Walt Disney (NYSE:), averting a work stoppage at the theme park. The new, three-year agreement, which includes wage increases and other benefits for park employees who are referred to as "cast members,"
Investing.com-- Tesla Inc (NASDAQ:) CEO Elon Musk on Tuesday asked his followers on social media platform X whether the electric vehicle maker should invest $5 billion in his artificial intelligence startup xAI. “Board approval & shareholder vote are needed, so this is just to test the waters,” Musk said while posing the question through a poll
(Reuters) - Wall Street's main indexes were subdued at the open on Tuesday, amid a mixed bag of corporate results, as investors awaited Big Tech earnings from Alphabet (NASDAQ:) and Tesla (NASDAQ:) later in the day to assess if the market's recent record rally has momentum to spare. The rose 28.29 points, or 0.07%, at
By Amina Niasse and Bhanvi Satija (Reuters) -U.S. pharmaceutical industry middlemen defended their role in the healthcare system during a Congressional hearing on Tuesday after committee members accused them of pushing patients toward expensive treatments even when lower-cost options are available. A House Committee on Oversight and Accountability report released earlier on Tuesday said it
By David Shepardson (Reuters) -Boeing said on Tuesday it has resumed deliveries of its best-selling 737 MAX airplane to China after a lengthy delay stemming from regulatory issues. Reuters reported on May 22 that Boeing (NYSE:)'s plane deliveries to China had been delayed in recent weeks due to a Chinese regulatory review of batteries powering
EUR/USD grinds down back to 1.0850 as investors huddle ahead of key data prints. EU and US PMI figures are due on Wednesday. US GDP update and PCE inflation figures due on Thursday and Friday, respectively. EUR/USD dipped one-third of one percent on Tuesday as investors knuckle down for the wait to a double-header of
(Reuters) -United Parcel Service reported a decline in second-quarter earnings on Tuesday after subdued package delivery demand and higher costs from its Teamsters labor contract squeezed profits. Shares of the delivery company, seen as a bellwether for the global economy, were down about 7% in premarket trade. UPS, FedEx (NYSE:) and other home delivery providers
By Tom Sims and Matthias Inverardi FRANKFURT (Reuters) -Deutsche Bank posted its first loss in four years in the second quarter after setting aside 1.3 billion euros ($1.41 billion) as a provision for a protracted investor lawsuit over its Postbank acquisition. The loss at Germany's largest lender broke a profit streak after 15 consecutive quarters
Inflows into BlackRock’s Bitcoin exchange-traded fund (ETF) have exceeded those into the “magnificent seven” stocks in 2024, putting BTC price on track for $88,000 by September.BlackRock Bitcoin ETF inflows surpass "magnificent 7" stocksBlackRocks’s iShares Bitcoin Trust ETF has accumulated nearly $19 billion of Bitcoin (BTC) year-to-date (YTD).These "baffling" inflows are greater than those of the
By Andrew Silver and Kane Wu SHANGHAI/HONG KONG (Reuters) - Some of the biggest global drugmakers, undeterred by mounting Sino-U.S. tensions, are scouring for deals in China to replenish drug pipelines and boost their presence in the world's second-biggest pharmaceutical market, industry executives and investment bankers said. Several major deals have already been completed this
By Gabriel Araujo (Reuters) -Brazilian planemaker Embraer on Monday signed a contract to formalize the sale of nine C-390 Millennium military aircraft to the Netherlands and Austria, further expanding its defense order backlog. The two European countries had previously selected the aircraft to replace their aging fleets of Lockheed Martin (NYSE:)'s Hercules C-130s, but a
BlackRock’s spot Bitcoin exchange-traded fund (ETF) has notched its biggest day of inflows in over four months, with over $523 million entering the fund on Monday.The iShares Bitcoin Trust (IBIT) scooped up 7,759 Bitcoin (BTC) on July 22 — worth just over $523 million at current prices — according to Hey Apollo data cited by
By James Pomfret and Michael Martina HONG KONG/WASHINGTON (Reuters) - Semiconductors and other restricted goods shipped through China and Hong Kong to fuel Russia's war effort fell by a fifth this year previously undisclosed U.S. Commerce Department data shows, but Hong Kong remains a global sanctions evasion hotspot. Transshipments through Hong Kong of Common High
Leverage is among the most important trading tools for many profitable Forex traders. It is also one of the most misunderstood concepts, and the amount of misinformation about leverage and risk is overwhelming. 1:500 leverage is the standard for major Forex pairs. I will begin by debunking the illusion that higher leverage results in higher
By Joanna Plucinska and Allison Lampert FARNBOROUGH, England (Reuters) - A plunge in Ryanair's quarterly profits cast a shadow over the opening of the Farnborough Airshow on Monday, where aviation leaders were already fretting about supply chain snags, aircraft delays and floundering plans to cut emissions. Boeing (NYSE:) announced a bumper order from Korean Air
By Dawn Chmielewski (Reuters) -Warner Bros Discovery (NASDAQ:)'s sports network TNT Sports said on Monday it would exercise its rights to match one of three bids to carry National Basketball Association games, in an effort to preserve its four-decade-long partnership with the league. TNT Sports did not say which of the NBA programming packages it
EUR/USD continued to drift near 1.0900 after a quiet start to the new trading week. The Euro is poised for a rebound after paring back gains against the US Dollar. Key data due later in the week, data-light sessions expected until then. EUR/USD churned on Monday just below 1.0900 as the new trading week kicks
ZURICH (Reuters) -Julius Baer has hired Goldman Sachs partner Stefan Bollinger to be its new chief executive, the Swiss private bank said on Tuesday. The appointment ends a search for a successor to Philipp Rickenbacher who was ousted in February after Julius Baer suffered a massive loss on loans to failed property firm Signa. Bollinger,
PARIS (Reuters) - Renault (EPA:)'s CEO Luca De Meo expressed doubts over the timeline for transitioning to electric vehicles in Europe, adding the carmaker has to bring down costs if it wants to deliver on its EV goals, in comments to business daily Les Echos published on Monday. WHY IT'S IMPORTANT The transition to electric
By Wayne Cole SYDNEY (Reuters) -Asian shares extended recent losses on Monday, getting little lift from a surprise rate cut by China's central bank, while Wall Street futures firmed in the wake President Joe Biden's decision to bow out of the election race. The People's Bank of China cut short and long-term rates by 10
Ever since Wednesday, Nasdaq found no respite with very few S&P 500 sectors providing refuge. Even Russell 2000 – one of my key picks for clients after CPI – started to undergo a healthy correction off very overbought levels. The fundamental backdrop of rates going lower and USD to ultimately follow suit too, has not
Memecoins linked to United States President Joe Biden, his wife Jill, and son Hunter have fallen more than 60% since Biden officially dropped out from the 2024 presidential race.The Joe Biden-linked Jeo Boden (BODEN) token tanked 62% in less than two hours while Kamala Horris (KAMA) token soared amid speculation that US Vice President Kamala
Futures present both opportunities and challenges for Muslim investors wishing to conduct their investing under Islamic financial principles. When answering the question, “Is futures trading Halal or Haram?” there is no absolute “Yes” or “No.” Rather, it depends on various factors, such as the futures contract in question, the style of trading, and the risks
LONDON (Reuters) - Boeing (NYSE:) has seen significant improvement in production in its 737 MAX factory, the company's commercial airplanes president, Stephanie Pope, told media on Sunday as part of a panel in London. The panel marks the first time Pope has met with reporters since she was named head of the planemaker's commercial airplanes