Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK is to probe Abu Dhabi-backed RedBird IMI’s offer to take over the Telegraph Media Group, a decision fuelling further uncertainty over the ownership of the right-leaning national newspaper in the run-up to the next general election.Culture secretary Lucy Frazer said on Thursday that the transfer of ownership of the shares to RedBird IMI would be scrutinised using a Public Interest Intervention Notice to start an investigation by Ofcom, the media regulator, and by the Competition and Markets Authority.She said her…
© Reuters. A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque/File Photo WASHINGTON (Reuters) – The United States on Thursday targeted North Korea with fresh sanctions after its launch of a spy satellite last week, designating foreign-based agents it accused of facilitating sanctions evasion, including revenue and technology for its weapons of mass destruction program. The U.S. Treasury Department in a statement said it also slapped sanctions on cyber espionage group Kimsuky, accusing it of gathering intelligence to support North Korea’s strategic and nuclear ambitions.…
Investing.com – Marvell (NASDAQ:) Technology reported Thursday better-than-expected third-quarter results despite weakness in its datacenter business. Marvell Technology (NASDAQ:MRVL) was up 1.6% in afterhours trading following the report. The chipmaker Q3 adjusted EPS of $0.41 on revenue of $1.42 billion, compared with Wall Street estimates for $0.40 on revenue of $1.4B. The company’s data center, which makes up the 39% growth, saw revenue fall 11% to $555.8M in Q3 from a year earlier. Looking ahead, the company forecast Q4 adjusted EPS of $0.41 to $0.51, in-line with Wall Street estimates of $0.49, while revenue is expected to come in at $1.42B,…
Ambarella Non-GAAP EPS of -$0.28 beats by $0.11, revenue of $50.6M beats by $0.59M
FIRST ON FOX: A group of Republicans led by Sen. Marco Rubio, R-Fla., are planning to introduce legislation that would prohibit automakers from benefiting from a wide range of federal incentives if they move to offshore domestic manufacturing.The Putting American Automakers First Act — on track to be introduced early next week by Rubio and original cosponsors Sens. JD Vance, R-Ohio, and Eric Schmitt, R-Mo. — would bar automakers from participating in 12 federal incentive programs if they offshore production, manufacturing or final assembly of their products for 10 years. The bill comes weeks after the largest U.S. autoworker union…
Local supermarkets have been growing rapidly across the African continent.AFP via Getty Images A recent Economist article highlighted the recent growth of local supermarket chains across the African continent. Today, a staggering 70% of Africans buy their consumer staples from local vendors. What is driving this specialized, locally-focused retail on the continent? Three primary trends have been working hard behind the scenes to power this quiet explosion. High Mobile Penetration Driven by Favorable Demographic Trends The African continent is home to the youngest and fastest growing population globally. It is a tapestry woven of diverse demographic, religious, and sociopolitical dynamics.…
Imagine a world where managing your finances goes hand-in-hand with understanding your emotions and psychological well-being. Unlike traditional financial planning, which often focuses on numbers and investment strategies, financial therapy delves into how your feelings and personal values deeply influence your financial decisions. Certified Financial Therapist: Definition A certified financial therapist stands at the crossroads of finance and psychology, offering a unique blend of expertise. This professional specializes in the nuts and bolts of money management and the emotional and psychological nuances that underpin your financial behaviors. Their role transcends the traditional scope of number-crunching and financial strategizing, venturing into…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A former Goldman Sachs analyst and his brother, an ex-Clifford Chance lawyer, committed insider dealing using confidential information obtained from the elite Wall Street bank, according to the prosecution at a London trial.Mohammed Zina, 35, and his brother Suhail Zina, 36, appeared in the dock before a jury at Southwark Crown Court on Thursday for the opening of their trial. The men are accused of six counts of insider dealing between July 2016 and December 2017, as well as three counts of…
© Reuters. U.S. Capitol police stand outside the Capitol building as the Senate votes on debt ceiling legislation to avoid a historic default at the U.S. Capitol in Washington, U.S., June 1, 2023. REUTERS/Evelyn Hockstein/File Photo WASHINGTON (Reuters) – A classified briefing for all U.S. senators on Ukraine, Israel and elements of the national security supplemental funding package requested by President Joe Biden will be conducted on Tuesday, Dec. 5, Senate aides said on Thursday. The briefers will include Director of National Intelligence Avril Haines, Secretary of State Antony Blinken, Secretary of Defense Lloyd Austin, Chairman of the Joint Chiefs…
© Shutterstock Microstrategy offers stock, buys another 16,000 bitcoin Today, Microstrategy (NASDAQ:) entered into a sales agreement with Cowen, Canaccord Genuity, and BTIG, acting as sales agents. Under this agreement, MicroStrategy has the option to offer and sell, from time to time through the agents, its class A common stock at $0.001 par value per share. The total potential sales from these shares could reach up to $750.0 million. In a separate update related to its Bitcoin activities, MicroStrategy disclosed that between Nov 1 and Nov 29, it and its subsidiaries acquired approximately 16,130 bitcoins. This acquisition was made for…