Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US’s top climate diplomat John Kerry has defended the country’s surge in gas production to a new record and maintained that it was a global climate leader after the launch of the Inflation Reduction Act last year.Kerry comes to COP28 in Dubai at a time when Washington is consumed by two wars and the possibility of a second Donald Trump presidency. But he said even Trump could not roll back the centrepiece of the Biden administration’s economic strategy, with $369bn in…
© Reuters. FILE PHOTO: Autonomous robots assemble an X model SUV at the BMW manufacturing facility in Greer, South Carolina, U.S. November 4, 2019. REUTERS/Charles Mostoller/File Photo (Reuters) – New orders for U.S.-made goods fell more than expected in October, marking the biggest monthly drop in roughly three and a half years, constrained by weakening demand for durable goods and transportation equipment and bolstering the view that high interest rates are beginning to bite into spending. Factory orders fell 3.6% after a downwardly revised 2.3% in September, the Commerce Department’s Census Bureau said on Monday, the biggest monthly drop since…
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© Reuters. Grain bins are seen on the property that was formerly part of the Gibson family farmstead in Morocco, Indiana, September 13, 2016. REUTERS/Jim Young/File Photo By Leah Douglas WASHINGTON (Reuters) – Roughly one-third of U.S. government spending to insure the nation’s crops since 2011 has gone to insurance companies that derive more than $1 billion in profit from the program each year, according to a government watchdog’s report released on Monday. The federal crop insurance program, administered by the U.S. Department of Agriculture, is meant to protect farmers from financial losses after natural disasters or other events that…
Mark Zuckerberg sells about $190M in stock as part of trading plan
An Israeli-born restaurant owner in Philadelphia was harassed by a large group of pro-Palestinian protesters who gathered outside his store Sunday night and accused him of genocide.Hundreds of protesters marched through Philadelphia calling for a cease-fire in Gaza when some of the demonstrators stormed Goldie, an Israeli-style falafel shop co-owned by chef Michael Solomonov. The protesters shouted outside the restaurant and vandalized it, officials said.Their actions were captured on video and shared by the state’s governor, prompting criticism from other officials.”Goldie, Goldie you can’t hide, we charge you with genocide,” the protesters can be heard shouting in the video.ISRAEL STRIKES…
Spotify is laying off about 1,500 more staff members. This year, layoffs have expanded beyond tech, media, and finance with retail companies also cutting. See the full list of layoffs so far in 2023. 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 Layoffs have remained an unfortunate reality of 2023, continuing pace with the cuts made at dozens of companies toward the end of last year.Streaming giant Spotify announced its third round of layoffs in a blog post Monday, citing slow economic growth as…
getty The end of the year doesn’t mean the end of the search for good stock picks. With less than a month left in 2023, you might be searching for a few more names to add to your portfolio before the year is over. Keep in mind that diversification can be important when looking for value. Sometimes a stock may not be the most absolutely undervalued in the current market, but relative to its industry peers, it could be a winner. Read on for my year-end selections. How To Identify Undervalued Stocks Defining whether a stock is undervalued or not…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.In a race, any place but first can feel like coming last. That is not the case for pharmaceutical companies. Novo Nordisk and Eli Lilly are already striding ahead with anti-obesity treatments. But prizes are still on offer for also-rans, especially if they can compete on price. Barclays estimates the market could be worth $100bn within a decade, Switzerland’s Roche has just boosted its chances of being a contender. It is acquiring US-based obesity drugs developer Carmot Therapeutics for up to $3.1bn. It…
© Reuters. FILE PHOTO: Canada’s Deputy Prime Minister and Minister of Finance Chrystia Freeland takes part in a press conference before delivering the fall economic update in Ottawa, Canada, November 21, 2023. REUTERS/Blair Gable/File Photo By Steve Scherer and Fergal Smith OTTAWA (Reuters) – Canada has been criticized for years for failing to meet its debt-reduction goals and many economists say Prime Minister Justin Trudeau’s Liberal government lacks credibility after repeatedly choosing more spending over fiscal discipline. Since Trudeau launched massive public spending to soften the blow of the pandemic, the government has committed to bringing down the federal debt…