Author: Press Room

Houthi rebels have been firing missiles at commercial ships off the coast of Yemen. At the same time, US Navy ships have been shooting down missile and drones launched by the Iran-backed rebels.Experts say the Navy ships are not at risk, but the Houthis do pose a threat to international shipping. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app US Navy ships and commercial vessels moving through key Middle Eastern waterways are running into a problem: Iran-backed Houthi rebels keep throwing deadly weapons their way.The…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.There is a good chance that by the end of this year, Meta’s grand experiment in virtual reality will have racked up more than $50bn in operating losses. It is a shocking tally. Yet it has largely side-stepped attention. Against the odds, 2023 has been pretty good for Mark Zuckerberg’s social media company. Meta has carved out an important place in the artificial intelligence pantheon by opting to share its work — democratising generative AI while everyone else tries to hoard it. Digital…

© Reuters. FILE PHOTO: A worker moves products during Cyber Monday at the Amazon’s fulfillment center in Robbinsville, New Jersey, U.S., November 27, 2023. REUTERS/Mike Segar/File Photo By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in November while the unemployment rate fell to 3.7%, signs of underlying labor market strength that suggested financial market expectations of an interest rate cut early next year were probably premature. The Labor Department’s closely watched employment report on Friday, however, did not change views that the Federal Reserve’s rate-hiking cycle was complete as annual wages rose moderately last month. Inflation has been…

© Reuters. Explore Wall Street’s expert insights with this ProResearch article, which will exclusively be available to InvestingPro subscribers soon. Enhance your investment strategy with ProPicks, our newest product featuring strategies that have outperformed the S&P 500 by up to 700%. This Cyber Monday, enjoy up to 60% off, plus an extra 10% off a 2-year subscription with the code research23, reserved for the first 500 quick subscribers. To ensure ongoing access to valuable content like this, step up your investment game with InvestingPro. In the rapidly evolving semiconductor industry, Intel Corporation (NASDAQ:), a tech giant known for its semiconductors…

Gainers: Borr Drilling (BORR) +7%. Diamond Offshore Drilling (DO) +6%. S&P 500 Energy Sector +1.01% to 622.56. Energy Equipment & Services +0.59% to 309.53. Oil, Gas & Consumable Fuels which contributes 91.3% to the index is +1.06% to 695.61. More on Energy Select Sector SPDR ETF

Mark C. Scarsi, a Trump-appointed judge, is presiding over Hunter Biden’s most recent federal indictment on tax evasion charges. He currently serves as the U.S. district judge for the Central District of California. Scarsi was selected at random to oversee the case against Biden, which includes nine new charges alleging a “four-year scheme,” when he did not pay his federal income taxes from January 2017 to October 2020 while also filing false tax reports.HUNTER BIDEN FACES NEW INDICTMENT IN CALIFORNIA Hunter Biden and his wife Melissa Cohen walk to a bookstore in Nantucket, Massachusetts, on Nov. 24, 2023. (Photo by BRENDAN…

Indonesia's mie lethek noodles, or "ugly" noodles, have a distinctive dull grayish color when cooked. We visited a factory that still makes them using 2,000-year-old methods — one of only two such factories left in the country.Read the original article on Business Insider

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Profit margins be damned. That appears to be the main takeaway from RH, the luxury furniture store formerly known as Restoration Hardware.By any measure, the third quarter was a lousy one for RH. Furniture sales — even high-end ones — are tied to the housing market. This has essentially been frozen as the 30-year fixed mortgage rate continues to hover above 7 per cent. At RH, revenue fell 14 per cent to $751mn during the quarter. The company booked a net loss…

© Reuters. A graffiti reads “IMF or future” outside Argentina’s Banco Nacion (National Bank) in Buenos Aires’ financial district, Argentina, July 4, 2022. REUTERS/Agustin Marcarian/File Photo By Jorgelina do Rosario BUENOS AIRES (Reuters) -Argentina’s Leonardo Madcur, a top adviser under outgoing Economy Minister Sergio Massa, is set to be named the country’s representative at the International Monetary Fund (IMF), three people familiar with the matter told Reuters. Madcur resigned from his position as Massa’s chief of advisers in the ministry on Dec. 7, according to a decree published in the official gazette. As a top adviser in the ministry, Madcur…

© Reuters Explore Wall Street’s expert insights with this ProResearch article, which will exclusively be available to InvestingPro subscribers soon. Enhance your investment strategy with ProPicks, our newest product featuring strategies that have outperformed the S&P 500 by up to 700%. This Cyber Monday, enjoy up to 60% off, plus an extra 10% off a 2-year subscription with the code research23, reserved for the first 500 quick subscribers. To ensure ongoing access to valuable content like this, step up your investment game with InvestingPro. In a competitive and ever-evolving biopharmaceutical landscape, Neurocrine (NASDAQ:) Biosciences, Inc. (NASDAQ: NBIX) stands out with…