Author: Press Room

© Reuters. FILE PHOTO: A man looks at an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar and Nikkei share average outside a brokerage in Tokyo, Japan October 4, 2023. REUTERS/Issei Kato/File Photo By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are lacking firm direction either way, but bulls will be hoping the combination of a weaker dollar, lower U.S. bond yields and softer oil prices on Monday will provide the impetus for a more positive session on Tuesday. Volatility across major asset classes is low – implied…

© Reuters. After-hours movers: Zscaler falls following results, Carlyle gains on S&P MidCap 400 nod After-Hours Stock Movers: Zscaler (NASDAQ:) 7% LOWER; beat on the top and bottom line for Q1 and issued better-than-expected Q2 and FY2024 EPS and revenue guidance. However, 2024 calculated billings fell just shy of the midpoint of estimates. ACELYRIN Inc (NASDAQ:) 6% LOWER; said its team recently identified clinical trial execution errors involving its CRO and one of the vendors engaged by the CRO related to its Izokibep clinical program. Carlyle Group Inc. (NASDAQ:) 6% HIGHER; will replace ICU Medical (NASDAQ:) Inc. in the S&P…

mgstudyo/iStock via Getty Images 22nd Century Group (NASDAQ:XXII) on Monday said it would sell all of its GVB Biopharma hemp/cannabis operations, about a year and a half after acquiring the business. XXII stock surged 12.8% to $0.24 after hours. XXII will sell the operations to Specialty Acquisition Corporation, an entity affiliated with current GVB employees. Terms of the deal include a cash payment of $1M to 22nd Century (XXII) and a 12% secured promissory note for $1.25M issued by the buyer and payable through six equal monthly installments. “The sale of our hemp/cannabis franchise will immediately and materially further reduce…

A George Soros-funded group pushed more than $15 million to a nonprofit tied to President Biden’s main outside super PAC for the 2024 elections to evaluate crucial policy matters, records reveal.Tax documents provided to Fox News Digital show that the Open Society Policy Center, an advocacy nonprofit in the Soros-bankrolled Open Society Foundations network, funneled $15.18 million to Future Forward USA Action in 2022 for research and “content testing on critical policy issues.” Future Forward USA Action is the dark money nonprofit arm of the Future Forward PAC, which Biden’s team heightened as the leading external group to rake in big money and…

As the cannabis industry’s continued growth poses challenges and opportunities throughout the country, Congress is uniquely positioned to provide a practical solution to bolster the industry’s future success. While federal legalization of adult-use cannabis remains the long-term priority, Congressman Earl Blumenauer (D-OR) has championed various efforts providing much-needed immediate relief for the industry, and recent news of his Congressional retirement at the end of 2024 will mean the loss of one of the most ardent supporters of America’s cannabis industry inside the halls of Congress. Throughout his career in Washington, Congressman Blumenauer’s been at the forefront of seeking to reform…

Winter holidays shopping can rack up credit card debt, but you don’t need to bring it into the new … [+] year.getty Recent consumer research found that 45% of consumers with credit cards carry balances month over month. While we know that high interest rates can negatively impact wealth for these consumers, the holidays are a time where I see learners from my financial education program rack up more debt than they expect. Here are three simple tips to keep your credit card debt from creeping into the new year. Focus On The Lowest Credit Card Balance Instead Of Spreading…

Stay informed with free updatesSimply sign up to the Accounting & Consulting services myFT Digest — delivered directly to your inbox.Some of the world’s biggest audit and consulting firms are asking staff to use burner phones when they visit Hong Kong, a sign of the increasing difficulties global companies are facing in a city long known as an international business hub.Deloitte and KPMG have advised some US-based executives not to use their usual work phones in the territory, according to multiple people with knowledge of the policies. Several McKinsey consultants have also taken separate phones when travelling to the territory,…

© Reuters. FILE PHOTO: An eagle tops the U.S. Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve will need nearly four more years to cover a historic operating loss and start sending profits again to the U.S. Treasury, according to new research from the Federal Reserve Bank of St. Louis. The losses are a product of the Fed’s rate rise cycle which saw the central bank sharply increase its interest rate target while at the same time shrinking the size of its balance sheet, both…

Zscaler (NASDAQ:ZS) Posts Better-Than-Expected Q1 But Stock Drops Cloud security platform Zscaler (NASDAQ:) reported Q1 FY2024 results topping analysts’ expectations, with revenue up 39.7% year on year to $496.7 million. Guidance for next quarter’s revenue was also better than expected at $506 million at the midpoint, 1.7% above analysts’ estimates. It made a non-GAAP profit of $0.67 per share, improving from its profit of $0.29 per share in the same quarter last year. Is now the time to buy Zscaler? Find out by reading the original article on StockStory. Zscaler (ZS) Q1 FY2024 Highlights:Revenue: $496.7 million vs analyst estimates of…

Sean Gallup Shopify (NYSE:SHOP) is on pace to have its best month ever after Black Friday record sales. Black Friday sales on the Shopify (SHOP) platform were up 22%, outpacing the 2.5% overall increase in spending this year. Shares of the stock are also 5.2% up today. Implied average cart price rose about 5%, compared to about 4% last year, at about $110. Merchants’ revenues rose to $4.1B in global sales, setting a Black Friday record. Ken Wong, stock analyst and managing director at Oppenheimer, said during a CNBC interview that he sees an upside for the stock target price.…