Author: Press Room
© Reuters. FILE PHOTO: Shoppers push trolleys along an aisle inside an ALDI supermarket near Altrincham, Britain, February 20, 2023. REUTERS/Phil Noble/File Photo LONDON (Reuters) – Shoppers at British store chains have seen the slowest increase in prices in almost a year and a half but retailers might struggle to keep inflation on its downward path, an industry group said on Tuesday. The British Retail Consortium said annual shop price inflation dropped to 4.3% in the 12 months to November, its weakest since June 2022 and slower than October’s 5.2% rise. It was the sixth month in a row that…
© Reuters. A Shein logo is pictured at the company’s office in the central business district of Singapore, October 18, 2022. REUTERS/Chen Lin/File Photo By Kane Wu and Anirban Sen (Reuters) -China-founded fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter told Reuters on Monday. Goldman Sachs, JPMorgan Chase (NYSE:) and Morgan Stanley have been hired as lead underwriters on the offering, and Shein could go public sometime in 2024, the sources said. Shein has been planning to go public for the last few years, but halted plans almost twice…
SpringWorks stock rallies 18% post-market on FDA approval of Ogsiveo
A new Pennsylvania law will require doctors to get a patient’s verbal and written consent before medical students can perform pelvic or rectal exams on someone who receives anesthesia.At a press conference Monday, supporters touted the recently enacted legislation, which goes into effect in January.Tracking how often medical students are asked to perform pelvic, rectal or prostate exams on anesthetized patients is difficult, but concern about the procedures has led to a broad national effort to require informed consent for the procedures. At least 20 states have similar measures, with Colorado advancing some of the most extensive legislation so far.PENNSYLVANIA…
Gold, gold stocksgetty The price of gold keeps moving up. It’s the kind of action that fails to attract much attention because it seems to come in spurts: up a little, down a little, up a little. This backing and filling comes while the consensus on Wall Street is that interest rates will soon be reduced as lowered inflation seems about to arrive. So, it’s odd to see purchases of gold stocks since they’re generally perceived to be an inflation hedge — that is, some place to go when stocks and bonds are being dumped. The key is: gold a…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.After a frenetic period during the post Covid-19 bubble, investment banking business in Hong Kong has pretty much collapsed.The bread-and-butter business of taking Chinese companies public in Hong Kong or the US screeched to a halt about two-and-a-half years ago, and there are few signs of revival. China M&A volumes have collapsed, and market liquidity on the Hong Kong stock exchange is also drying up.No wonder then that this Bloomberg article blew up in the Hong Kong financial community.Hong Kong Bankers Have…
© Reuters. FILE PHOTO: AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo OTTAWA (Reuters) – The potential threat posed by the rapid development of artificial intelligence (AI) means safeguards need to be built in to systems from the start rather than tacked on later, a top U.S. official said on Monday. “We’ve normalized a world where technology products come off the line full of vulnerabilities and then consumers are expected to patch those vulnerabilities. We can’t live in that world with AI,” said Jen Easterly, director of the U.S.…
© Reuters. FILE PHOTO: A Cathay Pacific cargo aircraft flies over Hong Kong International Airport in Hong Kong, China October 20, 2020. REUTERS/Lam Yik/File Photo (Reuters) -Cathay Pacific Airways Ltd is leaning towards placing an order for around six Airbus A350 freighters as the Hong Kong carrier renews the oldest section of its fleet of dedicated 747 cargo jets, industry sources said. If confirmed, the selection marks a bounce back for the Airbus wide-body freighter after Cathay earlier this year appeared to favour the competing Boeing (NYSE:) 777-8F, before postponing a decision for several months, said the sources, speaking on…
Troika Media gets Nasdaq delinquency notice for late 10-Q filing
After seven weeks of struggling with a crisis that defies easy solutions, President Biden could take solace in saving a single 4-year-old girl whose parents were killed in the Oct. 7 terrorist attack on Israel.But gratifying as it was to secure the release of Avigail Idan from her Hamas captors over the weekend, the challenge for Mr. Biden going forward is not only to free the rest of the Americans being held hostage but to use the success of recent days to alter the trajectory of the war consuming Gaza.At the president’s urging, the two sides agreed on Monday to…