Author: Press Room
A member of a Maryland task force aimed at combating hate crimes published numerous antisemitic social media posts, including claiming that the babies brutally murdered in the Oct. 7 Hamas attack were “fake,” and comparing the nation of Israel to Nazi Germany.Zainab Chaudry, an anti-Israel activist who serves as the director of the Council on American-Islamic Relations’ (CAIR) Maryland office, made the posts in the weeks following Hamas’ attack, which saw more than 1,200 people killed, including children and babies, as well as numerous rapes and destruction of property.”I will never be able to understand how the world summoned up…
The “Magnificent Seven” mega-cap stocks’ stellar 2023 continued Monday. The Big Tech giants added $150 billion to their combined market cap in a single day, driven higher by investors’ renewed focus on AI. Microsoft and Nvidia led the charge, with both companies’ share prices hitting fresh all-time highs. 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 The “Magnificent Seven” stocks’ stellar 2023 continued Monday, as investors’ renewed focus on artificial intelligence powered two of the group’s members to fresh all-time highs.Microsoft and Nvidia led…
TOPSHOT – US President Joe Biden speaks on November 15, 2023. The Biden administration is … [+] implementing a number of student loan forgiveness initiatives, and developments are ongoing. (Photo by Brendan SMIALOWSKI / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)AFP via Getty Images Student loan forgiveness continues to be in the news. Despite losing a key legal battle over the summer, the Biden administration has approved tens of billions of dollars in student loan forgiveness under multiple programs. And the Education Department is working on more initiatives. In the meantime, a whirlwind of student loan legal and policy…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shareholders have rejected the pay and bonus policy at Fortescue, the Australian iron ore-to-green hydrogen company, following an executive exodus this year over the group’s direction.Investors balked at special one-off payments to former Fortescue executives, with 52.4 per cent of shareholders voting against its remuneration proposal at the company’s annual meeting in Perth on Tuesday.While the vote is not binding, it does represent a setback for the mining and energy company. A second vote of more than 25 per cent against its…
2/2 © Reuters. FILE PHOTO: A general view of a main market is seen, after the International Monetary Fund’s executive board approved a $3 billion bailout, in Colombo, Sri Lanka March 21, 2023. REUTERS/Dinuka Liyanawatte/File Photo 2/2 COLOMBO (Reuters) – Sri Lanka’s consumer price inflation rose to 1% in October year-on-year from 0.8% in September, the statistics department said on Tuesday. The National Consumer Price Index (NCPI), which captures broader retail price inflation, is released with a lag of 21 days every month. Food prices fell 5.2% in October after declining 5.2% in September, from a year earlier, the Department…
© Reuters. Central Garden & Pet announced fiscal year 2023 results, highlighting non-GAAP EPS within its revised guidance, record cash flow, and increased market shares in the Pet and Garden segments. The company, however, anticipates a challenging year ahead, guiding to non-GAAP EPS of $2.50 or better for fiscal year 2024. Key takeaways from the earnings call include:The company’s e-commerce business now represents about 6% of total Garden sales.Central Garden & Pet reported a record cash flow year, with cash and equivalents of $489 million at year-end.The company is focusing on reducing costs and simplifying operations through their Cost and…
© Reuters. FILE PHOTO: A view shows a pressure gauge near oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk By Vladimir Soldatkin and Olesya Astakhova MOSCOW (Reuters) – As the world’s most powerful oil producers ponder further supply cuts, Russia has little incentive for a radical change as its energy revenue is strong, oil prices are higher than its forecasts and its budget deficit is narrowing. Ministers from OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, meet on Sunday in Vienna. OPEC+ is set…
Rokmaster to spin-out Duncan Lake and Big Copper projects
© Reuters. The exchange rate is approaching the 1.10 level, trading around the mid-1.0900s, amid a weakening US dollar influenced by improved risk sentiment and expectations that the Federal Reserve may pause interest rate hikes. This comes as US bond yields have fallen to a two-month low, indicating a potential shift in monetary policy direction. Market analysts point to several factors contributing to this trend. On Monday, European Central Bank (ECB) officials, including Bundesbank President Joachim Nagel and ECB Governing Council member Robert Holzmann, took a hawkish stance, warning against premature monetary easing. Their comments have provided support to the…
Just in time for the holiday season, the Biden administration is offering Americans a fresh round of free at-home coronavirus tests through the Postal Service.The administration revived the dormant program in September, announcing then that households could order four free tests through a federal website, covidtests.gov. Beginning Monday, households may order an additional four tests — or eight tests if they had not ordered any in the previous round.Hospitalizations and deaths from Covid-19 are far below what they were during the worst stretches of the pandemic, which has claimed the lives of more than 1.1 million people in the United…