Author: Press Room

© Reuters. FILE PHOTO: The New York Stock Exchange building is seen from Broad Street in Lower Manhattan in New York, January 20, 2016. REUTERS/Mike Segar/File Photo By Lewis Krauskopf (Reuters) – A searing late-year rally has brought the to a fresh 2023 closing high, as investors bet the Federal Reserve is done raising interest rates and the U.S. economy will remain resilient in the face of tighter monetary policy. The benchmark index closed at 4,594.63, nearly 6 points above its previous closing high for 2023 set in late July. The index gained 0.6% on Friday after bullish investors grew…

© Reuters. FILE PHOTO: Florida Governor Ron DeSantis speaks at the third Republican candidates’ U.S. presidential debate of the 2024 U.S. presidential campaign hosted by NBC News at the Adrienne Arsht Center for the Performing Arts in Miami, Florida, U.S., November By Gram Slattery and Alexandra Ulmer WASHINGTON (Reuters) -The chairman of the main political action committee supporting the presidential campaign of Ron DeSantis has stepped down, two sources familiar with the matter said on Friday, in another blow to the Florida governor ahead of the first Republican nominating contests. The resignation of Adam Laxalt from the Never Back Down…

iShares iBonds Dec 2025 Term Muni Bond ETF declares monthly distribution of $0.0423

Vice President Kamala Harris’ 2019 post calling Jussie Smollett a victim of attempted “modern day lynching” is still online despite the actor losing his conviction appeal Friday and facing the likelihood of going back to prison.An Illinois appeals court on Friday upheld Smollett’s previous conviction on five of the six charges of disorderly conduct in 2021. Smollett had claimed he was the victim of a racist and homophobic attack by two men who were wearing ski masks in January 2019.While police searched for the suspects, an investigation into Smollett led to charges that he planned the whole attack and lied…

WASHINGTON, DC – FEBRUARY 24: U.S. President Joe Biden holds a semiconductor during his remarks … [+] before signing an Executive Order on the economy in the State Dining Room of the White House on February 24, 2021 in Washington, DC. (Photo by Doug Mills/Pool/Getty Images)Getty Images Since the Biden administration published its finalized semiconductor export controls in October, there has been little movement from the White House to impose restrictions on other advanced technologies. Part of the reason is that there is no clear next choice for the Biden administration to put into the crosshairs next. Still, the derisking…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.1. Japan to end dirty new coal power plants by 2050 Japanese prime minister Fumio Kishida told world leaders that the country would stop building new coal power plants by 2050 that do not feature technologies to capture the emissions. “In line with its pathway to net zero, Japan will end new construction of domestic unabated coal power plants, while securing a stable energy supply,” Kishida said. António Guterres, UN Secretary-General, Fumio Kishida, prime minister of Japan and Mohamed bin Zayed Al…

© Reuters. FILE PHOTO: A screen displays Federal Reserve Chair Jerome Powell speaking as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 2, 2022. REUTERS/Brendan McDermid/File Photo By David Randall and Lewis Krauskopf (Reuters) – Investors seeking justification for breathtaking rallies in stocks and bonds are finding hope in the words of Federal Reserve Chair Jerome Powell, even as the central bank insists the fight against inflation has a long way to go. Signs of easing inflation have ignited bets that the Fed will begin loosening its restrictive monetary…

© Reuters. A Wendy’s Co restaurant is pictured in Monrovia, California November 4, 2015. Burger chain Wendy’s Co reported better-than-expected quarterly same-restaurant sales, pulling in customers in North America with an expanded menu and refurbished restaurants. By Svea Herbst-Bayliss (Reuters) -Activist hedge fund Blackwells Capital is preparing to challenge Wendy’s (NASDAQ:) Co’s board of directors in a push for improvements to the fast food chain’s financial performance, people familiar with the matter said on Friday. Blackwells, run by Jason Aintabi, plans to nominate several directors to Wendy’s 12-member board, said the sources, who asked not to be identified discussing confidential…

Michail_Petrov-96/iStock via Getty Images Stifel had initiated coverage of Profound Medical (NASDAQ:PROF) with a hold rating, commenting that the company faces hurdles in increasing adoption of its prostate ablation technology TULSA-PRO. Stifel said that while TULSA-PRO offers a differentiated, no-incision treatment for prostate cancer, Profound still faces regulatory, operational and financial hurdles to realizing the product’s adoption and utilization potential. TULSA-PRO received FDA approval in 2019. The investment bank noted that radical prostatectomy surgery and radiation are still the leading treatments for the disease. However, doctors have indicated that TULSA-PRO has the potential to take “meaningful prostate cancer treatment share…

American oil fields are gushing again, helping to drive down fuel prices but also threatening to undercut efforts to reduce greenhouse gas emissions.Only three years after U.S. oil production collapsed during the pandemic, energy companies are cranking out a record 13.2 million barrels a day, more than Russia or Saudi Arabia. The flow of oil has grown by roughly 800,000 barrels a day since early 2022, and analysts expect the industry to add another 500,000 barrels a day next year.The main driver of the production surge is a delayed response to the Russian invasion of Ukraine in February 2022, which…