Author: Press Room

© Reuters. FILE PHOTO: Shoppers are reflected in a Black Friday sign outside a shop in Singapore November 22, 2023. REUTERS/Edgar Su By Siddharth Cavale, Helen Reid and Arriana McLymore NEW YORK/LONDON/RALEIGH, N.C. (Reuters) -Shoppers took to stores across the world on a Black Friday that appeared to be subdued compared to prior years, looking for discounted electronics, clothing and household goods in the kickoff to the holiday shopping season crucial to big retailers. Brokerage TD Cowen lowered its U.S. holiday spending estimate to 2% to 3% growth, from 4% to 5%, as it forecast flat Black Friday traffic. Discounts…

Ideanomics regains compliance with Nasdaq listing rules

© Reuters. The New Zealand dollar (NZD) saw an uptick today, approaching a key resistance level as global markets reacted to a mix of economic signals and political changes. The currency edged closer to the 200-day Simple Moving Average (SMA) benchmark of 0.6100, buoyed by a decline in oil prices and the formation of a new center-right government in Wellington. Investors’ mood was lifted by the news of anticipated OPEC+ production cuts alongside an increase in US oil stockpiles, leading to lower oil prices. Additionally, the successful conclusion of coalition negotiations that ushered in the new government in New Zealand,…

Two dozen hostages were released by the terrorist group Hamas, but no American was released on the first day of the cease-fire with Israel.Thirteen Israelis, plus 10 Thai citizens and one Filipino citizen, were released Friday into the care of Red Cross personnel, who were seen carrying those rescued via ambulance from Gaza into Egypt. The Israeli hostages were transported to Israel to receive care at various hospitals and are now accompanied by Israeli Defense Forces Special Forces.A U.S. official told Fox News’ Lucas Tomlinson that the U.S. is “glad to see this process moving forward.””We are doing all we can,…

The FAA gave Boeing the green light to start certification flight testing of its 737 MAX 10.The variant is expected to enter service in 2024 after years of production delays.The 737 MAX 10 will rival Airbus’ best-selling A321neo praised for its capacity and efficiency. 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 Boeing is one step closer to certifying its largest MAX variant.In a memo sent to employees on Wednesday and viewed by Business Insider, the American manufacturer said the Federal Aviation Administration has…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A senior Labour MP has written to the head of the UK Insolvency Service urging him to consider whether foreign secretary Lord David Cameron was a “shadow director” of the collapsed finance group Greensill Capital.The intervention comes as Lex Greensill, the company’s founder, faces the possibility of being disqualified from company directorships for up to 15 years as the IS nears the conclusion of its lengthy probe into the company’s failure.It is not yet clear whether the service will pursue any other…

© Reuters. ANKARA – In a bold move to tackle the country’s soaring inflation, the Central Bank of Turkey has increased its interest rates by five percentage points, bringing the rate to a staggering 40%. This decision is part of an aggressive monetary tightening cycle aimed at reining in inflation, which has surpassed sixty percent. The bank’s medium-term goal is to reduce inflation to around five percent. The rate hike marks a significant shift from the policies of Turkish President Recep Tayyip Erdogan’s early years in office. Since 2003, Erdogan has been at the helm as Turkey became the world’s…

© Reuters. The U.S. Federal Aviation Authority (FAA) has given Boeing (NYSE:) a significant boost by granting type inspection authorization for the company’s largest airplane in the MAX series, the 737 MAX 10. This critical step, detailed in a letter from Boeing executives today, allows certification flight tests to commence, which are essential for the aircraft to enter passenger service with global operators. The 737 MAX 10 has already demonstrated its capabilities through rigorous testing, completing over 400 test flights and nearly reaching 1,000 flight hours. The FAA’s green light marks a pivotal moment for Boeing as it works to…

© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. REUTERS/Brendan McDermid/File Photo A look at the day ahead in U.S. and global markets from Mike Dolan As Americans take a quick peek at markets on Friday before resuming a long Thanksgiving weekend, the takeaway will be sustained stock gains, punchier bond yields and a deepening underperformance of Chinese equities. U.S. financial markets re-open after Thanksgiving for a truncated “Black Friday” trading session, where there will likely be as much focus on demand on High Street…

Rail Vision GAAP EPS of -$0.93, revenue of $0.14M misses by $0.26M